SB net incomeFY2025$38.56M
- FY YoY
- -60.4%
SB net income was $38.56M for fiscal 2025 (ended Dec 31, 2025), down 60.4% from fiscal 2024. It rose in 1 of the last 4 fiscal years.
Financials · SB
Safe Bulkers Inc (SB) financials
For fiscal 2025 (ended Dec 31, 2025), Safe Bulkers Inc reported $38.56M of net income.
- Net income, FY2025
- $38.56M
- Net income growth, YoY
- -60.4%
- EPS, diluted, FY2025
- $0.30
- EPS growth, YoY
- -63.9%
- Cash
- $141.58M
- Total debt
- $548.59M
- P/E
- 21.37
- Market cap
- $824.3M
FY2016FY2025
SB revenue and earnings growth
SB EPSFY2025$0.30
- FY YoY
- -63.9%
SB diluted EPS was $0.30 for fiscal 2025 (ended Dec 31, 2025), down 63.9% from fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Selling, general and admin | $29.85M | $27.04M | $23.76M | $21.80M | $22.50M | $21.50M | $20.64M | $19.24M | $16.12M | $15.38M |
| Operating income | $69.97M | $128.43M | $104.15M | $184.65M | $191.42M | $10.48M | $44.05M | $55.89M | -$69.30M | -$31.41M |
| Interest expense | $30.34M | $31.38M | $24.71M | $17.14M | $14.72M | $21.23M | $26.82M | $25.71M | $23.22M | $19.58M |
| Net income | $38.56M | $97.38M | $77.35M | $172.55M | $174.35M | -$12.90M | $16.04M | $27.68M | -$84.68M | -$55.97M |
| EPS, basic | $0.30 | $0.83 | $0.61 | $1.36 | $1.44 | -$0.25 | $0.04 | $0.16 | -$0.98 | -$0.83 |
| EPS, diluted | $0.30 | $0.83 | $0.61 | $1.36 | $1.44 | -$0.25 | $0.04 | $0.16 | -$0.98 | -$0.83 |
| Diluted shares | 103.0M | 107.6M | 113.6M | 120.7M | 113.7M | 102.6M | 101.7M | 101.6M | 100.9M | 84.5M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $141.58M | $81.08M | $48.19M | $59.09M | $111.25M | $112.19M | $92.64M | $62.59M | $56.51M | $92.81M |
| Short-term investments | $4.81M | $0 | - | - | - | - | - | - | - | - |
| Inventory | $19.00M | $14.88M | $16.65M | $17.32M | $8.65M | $12.04M | $9.27M | $4.14M | $4.23M | $5.17M |
| Current assets | $200.60M | $165.39M | $146.72M | $157.70M | $124.12M | $134.73M | $135.99M | $101.26M | $79.09M | $111.01M |
| Total assets | $1.40B | $1.40B | $1.34B | $1.25B | $1.09B | $1.11B | $1.11B | $1.08B | $1.04B | $1.17B |
| Current liabilities | $69.06M | $86.47M | $55.73M | $91.32M | $88.69M | $104.72M | $86.78M | $54.61M | $36.93M | $23.78M |
| Short-term debt | $44.85M | $60.80M | $27.16M | $45.72M | $41.20M | $77.28M | $65.47M | $37.43M | $26.58M | $13.26M |
| Long-term debt | $503.74M | $484.79M | $488.77M | $376.86M | $319.07M | $534.94M | $540.35M | $542.15M | $545.21M | $574.40M |
| Total debt | $548.59M | $545.59M | $515.93M | $422.58M | $360.28M | $612.22M | $605.82M | $579.58M | $571.79M | $587.66M |
| Total liabilities | $572.48M | $571.48M | $547.30M | $474.00M | $415.08M | $642.77M | $624.70M | $593.37M | $578.75M | $595.22M |
| Shareholders' equity | $830.71M | $831.62M | $792.51M | $771.92M | $679.24M | $444.75M | $472.74M | $465.83M | $456.35M | $578.54M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $102.29M | $130.46M | $122.21M | $218.05M | $217.21M | $63.38M | $58.28M | $85.45M | $50.10M | $13.48M |
| Investing cash flow | $9.70M | -$71.73M | -$151.73M | -$229.40M | $8.55M | -$34.78M | -$36.78M | -$63.67M | -$39.59M | -$39.87M |
| Financing cash flow | -$52.37M | -$25.86M | $29.14M | -$40.10M | -$225.91M | -$9.29M | $8.54M | -$15.58M | -$47.06M | -$83.88M |
| Share repurchases | $11.01M | $28.92M | $26.22M | $9.05M | $0 | $6.01M | $4.15M | $617.0K | $0 | $120.0K |
| Stock-based compensation | $150.0K | $150.0K | $144.0K | $120.0K | $120.0K | $120.0K | $120.0K | $120.0K | $120.0K | $120.0K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income growth, YoY | -60.4% | 25.9% | -55.2% | -1.0% | - | - | -42.1% | - | - | - |
| EPS growth, YoY | -63.9% | 36.1% | -55.1% | -5.6% | - | - | -75.0% | - | - | - |
| Return on equity | 4.6% | 11.7% | 9.8% | 22.4% | 25.7% | -2.9% | 3.4% | 5.9% | -18.6% | -9.7% |
| Return on assets | 2.7% | 6.9% | 5.8% | 13.8% | 15.9% | -1.2% | 1.4% | 2.6% | -8.2% | -4.8% |
| Current ratio | 2.90 | 1.91 | 2.63 | 1.73 | 1.40 | 1.29 | 1.57 | 1.85 | 2.14 | 4.67 |
| Debt to equity | 0.66 | 0.66 | 0.65 | 0.55 | 0.53 | 1.38 | 1.28 | 1.24 | 1.25 | 1.02 |
Source: XBRL data Safe Bulkers Inc files with the SEC, latest filing dated Mar 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
SB peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| SB | - | - | $38.56M | - | $824.3M |
| GD | $56.52B | +9.7% | $4.66B | 8.2% | $97.84B |
| RCL | $19.13B | +9.7% | $4.55B | 23.8% | $90.13B |
| CCL | $27.59B | +5.2% | $3.14B | 11.4% | $41.43B |
| VIK | $6.50B | +21.9% | $1.15B | 17.7% | $38.86B |
| BIP | $23.10B | +9.8% | $2.53B | 11.0% | $18.16B |
| HII | $13.53B | +12.6% | $733.00M | 5.4% | $11.99B |
| FRO | $1.97B | -8.8% | $379.08M | 19.2% | $9.86B |
| NCLH | $10.16B | +4.9% | $832.94M | 8.2% | $8.46B |
SB FAQ
5 questionsIs SB profitable?
Yes. Safe Bulkers Inc earned $38.56M in net income for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does SB have?
Safe Bulkers Inc reported $141.58M in cash and cash equivalents and $548.59M of debt on its most recent balance sheet in SEC filings.What is SB earnings per share?
Diluted earnings per share were $0.30 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did SB last report financial results?
The latest statements here come from Safe Bulkers Inc's 20-F filed on Mar 4, 2026, covering the period ended Dec 31, 2025.Where does this SB financial data come from?
Quantisnow builds these statements from the structured XBRL data Safe Bulkers Inc files with the SEC. It is provided for information only and is not investment advice.