Saturday 17 October 2026 Export SBLK’s income statement to Excel — free account

Star Bulk Carriers Corp.

Star Bulk Carriers Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, down 17.6% from fiscal 2024. In the quarter to June 2026, revenue grew 44.5%, EPS grew 433,233.3%, free cash flow grew 25.8% and total debt fell 12.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

27.79 0.19 −0.68%

Follow SBLK

Alert me

Market cap: $3.1B
P/E: 10.9×
Fwd P/E: 7.5×
Dividend yield: 6.77%
F-score: 5/9
Altman Z: 1.26
Beneish M: −2.46
Dividend safety: 57/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 6.92

Total sells 8.42

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	8	1
Sell	—	—	—	—	1	2	2	2	1	5	2	2

Insider Ownership 25.68%

Capital & Financial Ratios $m

Market Cap 3,130.00

Revenue 1,203.01

Net Income 287.15

Free Cash Flow 559.89

Net Debt 470.18

Current Ratio 1.91

Debt/Equity 0.41

P/E ratio 10.86

Fwd P/E 7.47

P/S ratio 2.57

P/B ratio 1.23

Past 5Y EPS Growth 48.82%

This Y EPS Growth 383.46%

Next Y EPS Growth (5.04%)

Next Y revenue growth 12.71%

Next 5Y EPS Growth 68.90%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 53.63%

10-year low 10-year high

P/S against its own 10 years 92.26%

10-year low 10-year high

P/B against its own 10 years 87.32%

10-year low 10-year high

EV/Sales against its own 10 years 50.20%

10-year low 10-year high

EV/FCF against its own 10 years 72.45%

10-year low 10-year high

Dividends

Payout Ratio 0.74

Annual Dividend Rate 1.88

Annual Dividend Yield 6.77%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.89	0.37 0.50 0.90
2025	0.50	0.09 0.05 0.05 0.11
2024	2.50	0.45 0.75 0.70 0.60
2023	1.57	0.60 0.35 0.40 0.22
2022	6.50	2.00 1.65 1.65 1.20
2021	2.95	0.30 0.70 0.70 1.25
2020	0.05	0.05
2019	0.05	0.05
2018	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	260	436	500	564
Receivables	69	79	84	97
Inventory	62	79	51	75
Other	44	46	35	60
	454	659	683	808

	2023	2024	2025	Q'26
Payables	39	52	49	60
ST’ Debt	249	221	226	231
Other	6	2	2	3
	359	400	384	422

Compound Annual Growth %

	10y	5y	3y
Sales	16.10%	8.50%	(10.15%)
Cash Flow	0.00%	11.65%	(27.29%)
Earnings	0.00%	54.18%	(47.02%)
Book Value	7.99%	9.59%	6.65%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	281	357	—	—	—
’25	231	247	264	301	1,042
’24	259	353	344	309	1,265
’23	224	239	223	263	949
’22	361	417	364	295	1,437
’21	200	311	416	500	1,427
’20	161	146	200	186	693

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	112	150	—	—	—
’25	49	54	92	101	296
’24	114	143	138	76	471
’23	83	97	67	89	336
’22	229	240	184	116	770
’21	79	140	251	296	767
’20	32	23	57	58	171

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	112	131	—	—	—
’25	50	104	157	160	470
’24	186	256	158	174	774
’23	78	181	131	178	569
’22	224	232	178	110	744
’21	79	24	226	191	637
’20	32	(28)	46	48	98

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.52	1.30	—	—	—
’25	0.00	0.00	0.16	0.57	0.73
’24	0.89	0.93	0.69	0.36	2.80
’23	0.44	0.43	0.45	0.45	1.76
’22	1.67	1.95	1.07	0.84	5.52
’21	0.36	1.22	2.15	2.93	6.71
’20	0.03	(0.46)	0.24	0.29	0.10

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	1.55	5.21	8.00	6.16	3.86	8.66	16.85	16.57	14.56	12.06	Analyst estimates 2026–2028 Powerpack
	High	6.10	13.40	15.38	12.09	11.81	26.00	33.99	25.03	27.47	20.87
People
People	Employees	145	152	176	181	180	181	209	216	301	294
	Revenue/emp, $m	1.53	2.18	3.70	4.54	3.85	7.89	6.88	4.39	4.20	3.55
Income, $m
Income, $m	Revenue	222	332	652	821	693	1,427	1,437	949	1,265	1,042
	Gross margin, %	21.56	47.08	45.92	30.93	37.37	66.35	59.37	43.66	47.69	38.62
	EBT	(154)	(10)	58	(16)	10	680	566	174	305	85
	EBT margin, %	(69.32)	(2.90)	8.97	(1.97)	1.41	47.67	39.39	18.30	24.07	8.16
	Net income	(154)	(10)	58	(16)	10	681	566	174	305	84
	Depreciation	85	85	104	128	149	152	167	138	182	197
Per share, $
Per share, $	Revenue	4.67	5.27	8.46	8.76	7.21	14.11	14.07	9.64	11.84	9.07
	Earnings	(3.23)	(0.16)	0.77	(0.17)	0.10	6.73	5.54	1.76	2.85	0.73
	Cash flow	(0.70)	1.31	2.19	0.94	1.77	7.58	7.54	3.41	4.41	2.57
	Capex	0.00	(2.04)	(4.26)	(3.10)	(0.75)	(1.29)	(0.25)	2.37	2.84	1.52
	Free cash flow	(0.70)	(0.73)	(2.07)	(2.15)	1.02	6.29	7.29	5.78	7.25	4.09
	Book value	21.80	17.26	19.73	16.47	16.12	20.56	19.77	16.86	23.22	21.30
	Shares, m	48	63	77	94	96	101	102	98	107	115
Valuation, ×
Valuation, ×	P/E	0.00	0.00	12.19	0.00	88.30	3.39	3.33	11.62	5.12	26.18
	P/S	1.22	2.25	1.08	1.35	1.22	1.61	1.31	2.17	1.26	2.12
	P/B	0.26	0.69	0.46	0.72	0.55	1.10	0.93	1.24	0.64	0.90
	EV/Sales	7.58	3.85	2.04	3.06	3.14	2.32	2.00	3.20	1.92	2.67
	EV/FCF	(24.75)	(4.26)	(4.00)	(4.73)	(16.06)	6.49	3.86	5.33	3.14	5.91
Cash, $m
Cash, $m	Operating cash flow	(33)	83	169	89	171	767	770	336	471	296
	Capex	(396)	(129)	(329)	(291)	(72)	(130)	(25)	233	303	174
	Free cash flow	(33)	(46)	(160)	(202)	98	637	744	569	774	470
Balance, $m
Balance, $m	Working capital	200	93	76	(45)	41	392	220	95	259	300
	Total debt	798	797	835	1,530	1,515	1,491	1,270	1,234	1,269	1,069
	Net debt	612	532	624	1,404	1,325	1,020	985	975	833	569
	Shareholders’ equity	1,037	1,088	1,520	1,544	1,550	2,080	2,019	1,660	2,482	2,449
Returns, %
Returns, %	ROA	(7.41)	(0.47)	2.26	(0.52)	0.30	19.59	15.75	5.37	8.56	2.13
	ROIC	(4.14)	1.50	3.85	1.56	1.83	14.91	12.64	5.66	7.22	2.83
	ROE	(14.20)	(0.92)	4.48	(1.06)	0.62	37.50	27.61	9.43	14.71	3.41

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
HAFN Hafnia Limited	$5.4B	7.6×	—	+47.21% (above 0%: growing)	+273.33% (above 0%: growing)	+193.17% (above 0%: growing)	37.79%	34.33%	Compare
ZIM ZIM Integrated Shipping Services Ltd.	$3.6B	25.2×	— (loss-making)	+8.86% (above 0%: growing)	+178.95% (above 0%: growing)	−9.51% (below 0%: shrinking)	14.32%	8.10%	Compare
ECO Okeanis Eco Tankers Corp.	$3.4B	8.4×	4.2×	+239.40% (above 0%: growing)	+602.38% (above 0%: growing)	+196.66% (above 0%: growing)	80.71%	74.97%	Compare
SBLK Star Bulk Carriers Corp.	$3.1B	10.9×	7.5×	+44.46% (above 0%: growing)	+433,233.33% (above 0%: growing)	+25.84% (above 0%: growing)	56.88%	43.38%
DAC Danaos Corporation	$2.9B	5.3×	4.7×	+4.66% (above 0%: growing)	+16.81% (above 0%: growing)	−81.11% (below 0%: shrinking)	72.84%	48.38%	Compare
NMM Navios Maritime Partners LP	$2.5B	5.7×	4.1×	+25.22% (above 0%: growing)	+147.01% (above 0%: growing)	+252.84% (above 0%: growing)	65.58%	39.64%	Compare
SFL SFL Corporation Ltd.	$1.9B	25.8×	29.6×	+4.25% (above 0%: growing)	+2,400.00% (above 0%: growing)	−18.32% (below 0%: shrinking)	63.23%	32.49%	Compare
CMRE Costamare Inc.	$1.7B	5.3×	6.3×	−4.00% (below 0%: shrinking)	−7.25% (below 0%: shrinking)	−269.21% (below 0%: shrinking)	71.38%	46.73%	Compare
GSL Global Ship Lease, Inc.	$1.5B	4.0×	3.9×	+3.56% (above 0%: growing)	−4.98% (below 0%: shrinking)	+0.47% (above 0%: growing)	68.06%	47.24%	Compare
Median of peers	$2.7B	6.7×	4.4×	+6.76%	+162.98%	−4.52%	66.82%	43.18%

All 38 Marine Shipping stocks →

Star Bulk Carriers Corp. (SBLK) key facts

Concern: Star Bulk Carriers Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, down 17.6% from fiscal 2024.
Star Bulk Carriers Corp. (SBLK) is a Marine Shipping company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, SBLK traded at $27.79, a market capitalization of $3.1 billion.
Star Bulk Carriers Corp. pays an annual dividend of $1.88 per share, a yield of 6.77%, with a payout ratio of 73.7%.
Return on equity was 3.41% and debt-to-equity 0.41.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.26 (distress zone) for fiscal 2025.