Safe Bulkers's earnings have been declining at an average annual rate of -7.3%, while the Shipping industry saw earnings declining at 6.8% annually. Revenues have been growing at an average rate of 1.3% per year. Safe Bulkers's return on equity is 4.6%, and it has net margins of 11.1%.
Key information
-7.29%
Earnings growth rate
-5.75%
EPS growth rate
Shipping Industry Growth
51.92%
Revenue growth rate
1.32%
Return on equity
4.64%
Net Margin
11.08%
Last Earnings Update
31 Dec 2025
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Safe Bulkers makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
NYSE:SB.PRC Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Dec 25
276
31
30
0
30 Sep 25
275
38
29
0
30 Jun 25
278
45
28
0
31 Mar 25
290
71
27
0
31 Dec 24
308
89
27
0
30 Sep 24
318
98
26
0
30 Jun 24
307
88
25
0
31 Mar 24
299
75
24
0
31 Dec 23
284
69
24
0
30 Sep 23
289
77
23
0
30 Jun 23
318
113
23
0
31 Mar 23
339
147
22
0
31 Dec 22
350
164
22
0
30 Sep 22
356
193
21
0
30 Jun 22
354
197
22
0
31 Mar 22
344
178
22
0
31 Dec 21
329
164
22
0
30 Sep 21
289
105
23
0
30 Jun 21
248
53
22
0
31 Mar 21
215
6
22
0
31 Dec 20
198
-25
22
0
30 Sep 20
199
-29
21
0
30 Jun 20
198
-27
21
0
31 Mar 20
195
-11
21
0
31 Dec 19
198
4
21
0
30 Sep 19
197
10
21
0
30 Jun 19
196
13
21
0
31 Mar 19
198
16
20
0
31 Dec 18
193
16
19
0
30 Sep 18
183
-80
18
0
30 Jun 18
170
-81
17
0
31 Mar 18
158
-89
16
0
31 Dec 17
148
-99
16
0
30 Sep 17
137
-18
12
0
30 Jun 17
127
-50
12
0
31 Mar 17
118
-55
12
0
31 Dec 16
110
-70
15
0
30 Sep 16
108
-95
12
0
30 Jun 16
114
-78
12
0
31 Mar 16
120
-74
12
0
31 Dec 15
127
-62
15
0
30 Sep 15
136
-32
10
0
30 Jun 15
139
-23
9
0
Quality Earnings: SB.PRC has high quality earnings.
Growing Profit Margin: SB.PRC's current net profit margins (11.1%) are lower than last year (29.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SB.PRC has become profitable over the past 5 years, growing earnings by -7.3% per year.
Accelerating Growth: SB.PRC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SB.PRC had negative earnings growth (-65.8%) over the past year, making it difficult to compare to the Shipping industry average (-16.3%).
Return on Equity
High ROE: SB.PRC's Return on Equity (4.6%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/05/18 04:05
End of Day Share Price
2026/05/18 00:00
Earnings
2025/12/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Safe Bulkers, Inc. is covered by 12 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.