Star Bulk Carriers Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

February 20, 2025

Star Bulk Carriers (NASDAQ:SBLK) Full Year 2024 Results

Key Financial Results

Revenue: US$1.27b (up 33% from FY 2023).
Net income: US$304.7m (up 76% from FY 2023).
Profit margin: 24% (up from 18% in FY 2023). The increase in margin was driven by higher revenue.
EPS: US$2.85 (up from US$1.76 in FY 2023).

revenue-and-expenses-breakdown — NasdaqGS:SBLK Revenue and Expenses Breakdown February 20th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Star Bulk Carriers Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 3.9%.

In the last 12 months, the only revenue segment was Dry Bulk Vessels contributing US$1.27b. Notably, cost of sales worth US$687.2m amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$164.1m (60% of total expenses). Explore how SBLK's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to fall by 8.1% p.a. on average during the next 2 years compared to a 1.8% decline forecast for the Shipping industry in the US.

Performance of the American Shipping industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Star Bulk Carriers (1 is potentially serious!) that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.