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SBLK

Star Bulk Carriers Corp.

SBLK

Star Bulk Carriers Corp. • NASDAQ
$19.90 ▲ 0.81% (+0.16)
Market Cap $2.28 B
52w High $19.99
52w Low $12.06
Dividend Yield 0.30%
P/E 42.34
Volume 510.73K
Outstanding Shares 114.58M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $263.855M ▲ $68.179M ▲ $18.519M ▲ 7.019% ▲ $0.16 ▲ $79.818M ▲
Q2-2025 $247.408M ▲ $66.141M ▲ $39K ▼ 0.016% ▼ $0 ▼ $62.397M ▲
Q1-2025 $230.65M ▼ $45.144M ▼ $462K ▼ 0.2% ▼ $0.004 ▼ $53.535M ▼
Q4-2024 $308.916M ▼ $58.606M ▲ $42.446M ▼ 13.74% ▼ $0.36 ▼ $91.826M ▼
Q3-2024 $344.277M $54.785M $81.272M 23.607% $0.7 $134.285M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $452.539M ▲ $3.79B ▼ $1.375B ▼ $2.415B ▲
Q2-2025 $396.608M ▼ $3.893B ▼ $1.491B ▼ $2.402B ▼
Q1-2025 $420.825M ▼ $4.016B ▼ $1.564B ▼ $2.453B ▼
Q4-2024 $425.066M ▼ $4.086B ▼ $1.605B ▼ $2.482B ▼
Q3-2024 $453.564M $4.157B $1.645B $2.512B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $18.519M ▲ $95.783M ▲ $70.738M ▲ $-138.994M ▼ $-430.766M ▼ $84.454M ▲
Q2-2025 $39K ▼ $54.493M ▲ $50.332M ▲ $-110.902M ▼ $-6.077M ▼ $46.721M ▲
Q1-2025 $462K ▼ $48.508M ▼ $9.421M ▼ $-61.966M ▲ $-4.037M ▲ $41.187M ▼
Q4-2024 $42.446M ▼ $76.298M ▼ $42.584M ▲ $-150.539M ▲ $-31.657M ▼ $68.903M ▼
Q3-2024 $81.272M $137.995M $21.112M $-172.104M $-12.997M $125.78M

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have been strong over the last few years, with results today much better than they were earlier in the decade. Earnings peaked during the shipping boom in the early 2020s, then eased, and have now moved back up again, showing the typical ups and downs of a cyclical shipping business but from a much higher base than before. Profitability remains healthy, with solid operating and net income, suggesting the company is managing its costs and fleet utilization well even as market conditions shift.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid for a shipping company. The fleet and other assets have grown, and shareholder equity has increased meaningfully over five years. Debt is still significant, which is common in this asset‑heavy industry, but it has not exploded and sits alongside a growing equity cushion and a better cash position than in the past. Overall, the company appears more financially resilient than it was earlier in the decade, though still exposed to the usual leverage risks of shipping.

Cash Flow

Cash Flow Cash generation has been a key strength. Operating cash flow has been consistently positive and robust, and free cash flow has stayed positive even as the company invested in its fleet and technology. Capital spending has been disciplined rather than aggressive, which has allowed the company to retain flexibility. This pattern suggests the business is capable of funding its needs from internal cash in most environments, while still being sensitive to swings in freight markets.

Competitive Edge

Competitive Edge Star Bulk stands out as one of the larger and more cost‑efficient players in dry bulk shipping. Its scale, modern scrubber‑equipped fleet, and in‑house ship management support lower operating costs and make it an attractive partner for major cargo customers. The merger with Eagle Bulk further broadened its fleet mix and market reach, improving diversification across vessel sizes and trade routes. The main structural challenge remains the industry’s high cyclicality and dependence on global commodity demand and freight rates, which can swing sharply regardless of the company’s individual strengths.

Innovation and R&D

Innovation and R&D The company has been forward‑leaning on technology and environmental compliance. Early, fleet‑wide installation of scrubbers, use of energy‑saving devices, advanced coatings, and exploration of robotic hull cleaning all aim to cut fuel use and emissions. On the digital side, Star Bulk is investing in data analytics, fleet management tools, and cybersecurity through partners like CyberOwl. It is also involved in decarbonization initiatives and future‑fuel research, including green corridor projects. The payoff from these efforts will depend on future regulations, fuel transitions, and how quickly the industry adopts similar measures.

Summary

Star Bulk today looks like a scaled, efficient dry bulk shipper with stronger earnings power, a sturdier balance sheet, and reliable cash generation compared with its own past. Its competitive edge comes from fleet quality, cost discipline, and the added scale and diversification from the Eagle Bulk merger, all supported by an active approach to technology and environmental compliance. At the same time, the company remains tied to a highly cyclical, capital‑intensive industry that is sensitive to global trade flows, commodity demand, and evolving environmental rules, so results can still fluctuate meaningfully over time despite these underlying improvements.

NEWS

November 18, 2025 · 4:05 PM UTC

Star Bulk Carriers Corp. Reports Financial Results for the Third Quarter of 2025, and Declares Quarterly Dividend of $0.11 Per Share

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November 10, 2025 · 9:00 AM UTC

Star Bulk Announces Date for the Release of Third Quarter Ended September 30, 2025, Results, Conference Call, and Webcast

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October 29, 2025 · 12:00 PM UTC

Star Bulk Carriers Corp. Announces Publication of 2024 Environmental, Social and Governance (ESG) Report

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October 3, 2025 · 4:05 PM UTC

Star Bulk Announces Addition of New Member to Its Board of Directors

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