Safe Bulkers (SB-PD) EBITDA Margin (2009 - 2025)
Safe Bulkers (SB-PD) reported EBITDA Margin of 51.51% for Q4 2025, down 541.0% on a YoY basis from 11.68% in Q4 2024, and up 4.16% quarter-over-quarter from 49.46% in Q3 2025.
Safe Bulkers (SB-PD) EBITDA Margin (2009 - 2025) Analysis & Trends
Safe Bulkers has reported EBITDA Margin for 17 years, with the latest figure at 51.51% in Q4 2025.
- For the quarter ending Q4 2025, EBITDA Margin fell 541.0% year-over-year to 51.51%; the trailing twelve-month figure through Dec 2025 stood at 46.56% (down 892.0% YoY), and the FY2025 full-year result was 46.56%, down 892.0% from the prior year.
- EBITDA Margin for Q4 2025 stood at 51.51%, up from 49.46% in the prior quarter.
- The five-year high for EBITDA Margin was 73.17% in Q3 2021, with the low at 38.75% in Q2 2025.
- Historically, EBITDA Margin has averaged 57.59% across 5 years, with a median of 56.15% in 2021.
- Annual changes were most pronounced in 2021 — EBITDA Margin jumped 5329 bps — and 2023, when it sank 2411 bps.
- Safe Bulkers' EBITDA Margin stood at 73.11% in 2021, then declined by 12 bps to 64.61% in 2022, then slipped by 5 bps to 61.6% in 2023, then declined by 8 bps to 56.92% in 2024, then decreased by 10 bps to 51.51% in 2025.
- The last three EBITDA Margin figures came in at 51.51% (Q4 2025), 49.46% (Q3 2025), and 38.75% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 59.61% |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | -31.42% |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 7.40% |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 66.68% |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 25.53% |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | -23.34% |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | 48.28% |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 57.17% |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Safe Bulkers | - | - | -24.78 Mn | 51.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 51.51% |
| Sep 30, 2025 | 49.46% |
| Jun 30, 2025 | 38.75% |
| Mar 31, 2025 | 45.65% |
| Dec 31, 2024 | 56.92% |
| Sep 30, 2024 | 54.39% |
| Jun 30, 2024 | 53.24% |
| Mar 31, 2024 | 57.36% |
| Dec 31, 2023 | 61.60% |
| Sep 30, 2023 | 47.81% |
| Jun 30, 2023 | 48.57% |
| Mar 31, 2023 | 49.54% |
| Dec 31, 2022 | 64.61% |
| Sep 30, 2022 | 71.35% |
| Jun 30, 2022 | 72.69% |
| Mar 31, 2022 | 60.38% |
| Dec 31, 2021 | 73.11% |
| Sep 30, 2021 | 73.17% |
| Jun 30, 2021 | 66.26% |
| Mar 31, 2021 | 55.38% |