Safe Bulkers (SB) EBITDA (2009 - 2025)

Safe Bulkers (SB) 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) 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 1,950.00 -146.39 Mn -24.78 Mn 37.38 Mn

Historic Data

Download Data
DateValue
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