Safe Bulkers (SB) EBITDA (2009 - 2026)
Safe Bulkers' (SB) quarterly EBITDA came in at $50.3 million in Q2 2026, up 97.38% YoY from $25.5 million in Q2 2025, and up 23.44% on a QoQ basis from $40.7 million in Q1 2026.
Safe Bulkers (SB) EBITDA (2009 - 2026) Analysis & Trends
Safe Bulkers (SB) has 18 years of EBITDA data on file, last reported at $50.3 million in Q2 2026.
- Quarterly EBITDA rose 97.38% year-over-year to $50.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $164.5 million (up 20.24% YoY) and the FY2025 annual result came in at $128.4 million, down 24.77% from the prior year.
- EBITDA improved to $50.3 million in Q2 2026, from $40.7 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $66.9 million in Q3 2022 to a low of $25.5 million in Q2 2025.
- A 5-year average of $43.1 million and a median of $41.0 million in 2024 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2023 — EBITDA slumped 53.77% — and 2026, when it jumped 97.38%.
- Tracing SB's EBITDA over 5 years: stood at $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, then surged by 34.51% to $50.3 million in 2026.
- The last three EBITDA figures came in at $50.3 million (Q2 2026), $40.7 million (Q1 2026), and $37.4 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 122.36 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 158.90 Mn |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | 149.74 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -325.90 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 90.95 Mn |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 337.11 Mn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | 212.70 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 194.63 Mn |
| 10 | Safe Bulkers | 826.69 Mn | 683.78 Mn | 62.00 Mn | 50.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 50.28 Mn |
| Mar 31, 2026 | 40.73 Mn |
| 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 |