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Star Bulk Carriers Corp.

SBLK Industrials Marine Shipping

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%
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 (at or above 1.5: strong)
Debt/Equity 0.41 (at or below 0.5: strong)
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% (at or above 15%: strong)
This Y EPS Growth 383.46% (at or above 15%: strong)
Next Y EPS Growth (5.04%) (below 0%: weak)
Next Y revenue growth 12.71% (at or above 10%: strong)
Next 5Y EPS Growth 68.90% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.0×, against a ten-year median of 3.0×; over the ten years it ranged from 1.6× in 2022 to 8.4× in 2017.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Star Bulk Carriers Corp. vs peers in Marine Shipping (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

Star Bulk Carriers Corp. (SBLK) Latest News

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stockrow.com/SBLK · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com