Safe Bulkers (SB-PC) EBITDA (2009 - 2025)
Safe Bulkers (SB-PC) reported EBITDA of $37.4 million for Q4 2025, down 8.14% on a YoY basis from $40.7 million in Q4 2024, and up 3.43% quarter-over-quarter from $36.1 million in Q3 2025.
Safe Bulkers (SB-PC) EBITDA (2009 - 2025) Analysis & Trends
Safe Bulkers has reported EBITDA for 17 years, with the latest figure at $37.4 million in Q4 2025.
- For the quarter ending Q4 2025, EBITDA fell 8.14% year-over-year to $37.4 million; the trailing twelve-month figure through Dec 2025 stood at $128.4 million (down 24.77% YoY), and the FY2025 full-year result was $128.4 million, down 24.77% from the prior year.
- EBITDA for Q4 2025 stood at $37.4 million, up from $36.1 million in the prior quarter.
- The five-year high for EBITDA was $67.7 million in Q3 2021, with the low at $25.5 million in Q2 2025.
- Historically, EBITDA has averaged $45.4 million across 5 years, with a median of $41.6 million in 2024.
- Annual changes were most pronounced in 2021 — EBITDA jumped 763.16% — and 2023, when it slumped 53.77%.
- Safe Bulkers' EBITDA stood at $67.6 million in 2021, then decreased by 17.15% to $56.0 million in 2022, then dropped by 9.47% to $50.7 million in 2023, then fell by 19.72% to $40.7 million in 2024, then fell by 8.14% to $37.4 million in 2025.
- The last three EBITDA figures came in at $37.4 million (Q4 2025), $36.1 million (Q3 2025), and $25.5 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 6.90 Mn |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | -267.60 Mn |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 56.10 Mn |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 149.74 Mn |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 76.74 Mn |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | -325.90 Mn |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | 97.31 Mn |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 204.11 Mn |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | 97.42 Mn |
| 10 | Safe Bulkers | - | - | -24.78 Mn | 37.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 37.38 Mn |
| Sep 30, 2025 | 36.14 Mn |
| Jun 30, 2025 | 25.48 Mn |
| Mar 31, 2025 | 29.38 Mn |
| Dec 31, 2024 | 40.69 Mn |
| Sep 30, 2024 | 41.29 Mn |
| Jun 30, 2024 | 41.82 Mn |
| Mar 31, 2024 | 46.85 Mn |
| Dec 31, 2023 | 50.69 Mn |
| Sep 30, 2023 | 30.91 Mn |
| Jun 30, 2023 | 34.30 Mn |
| Mar 31, 2023 | 33.11 Mn |
| Dec 31, 2022 | 55.99 Mn |
| Sep 30, 2022 | 66.87 Mn |
| Jun 30, 2022 | 66.58 Mn |
| Mar 31, 2022 | 46.94 Mn |
| Dec 31, 2021 | 67.58 Mn |
| Sep 30, 2021 | 67.68 Mn |
| Jun 30, 2021 | 54.05 Mn |
| Mar 31, 2021 | 34.62 Mn |