Safe Bulkers (SB) Gross Margin (2009 - 2026)
Safe Bulkers' (SB) quarterly Gross Margin came in at 70.89% in Q2 2026, up 1364.0% YoY from 4.84% in Q2 2025, and down 0.94% on a QoQ basis from 71.57% in Q1 2026.
Safe Bulkers (SB) Gross Margin (2009 - 2026) Analysis & Trends
Safe Bulkers (SB) has 18 years of Gross Margin data on file, last reported at 70.89% in Q2 2026.
- Quarterly Gross Margin rose 1364.0% year-over-year to 70.89% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 46.08% (up 615.0% YoY) and the FY2025 annual result came in at 64.7%, down 520.0% from the prior year.
- Gross Margin slipped to 70.89% in Q2 2026, from 71.57% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 79.69% in Q2 2022 to a low of 34.15% in Q4 2025.
- A 5-year average of 54.14% and a median of 68.68% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin sank 8353 bps — and 2026, when it surged 1364 bps.
- Tracing SB's Gross Margin over 5 years: stood at 75.13% in 2022, then tumbled by 111 bps to 8.4% in 2023, then tumbled by 252 bps to 29.53% in 2024, then slipped by 16 bps to 34.15% in 2025, then jumped by 308 bps to 70.89% in 2026.
- The last three Gross Margin figures came in at 70.89% (Q2 2026), 71.57% (Q1 2026), and 34.15% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.46 Bn | 7.42 Bn | 290.80 Mn | 31.53% |
| 2 | Matson | 6.58 Bn | 6.46 Bn | - | - |
| 3 | Hafnia | 3.91 Bn | 3.80 Bn | 152.41 Mn | 67.88% |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.55 Bn | 57.20 Mn | 4.10% |
| 5 | Star Bulk Carriers | 3.37 Bn | 2.87 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 79.34% |
| 7 | Okeanis Eco Tankers | 2.45 Bn | 2.23 Bn | 12,231.53 Bn | 2,501,247.17% |
| 8 | Navios Maritime Partners | 2.38 Bn | 1.97 Bn | 326.09 Mn | 91.34% |
| 9 | Costamare | 1.81 Bn | 1.51 Bn | 185.32 Mn | 92.31% |
| 10 | Safe Bulkers | 826.18 Mn | 683.27 Mn | 62.00 Mn | 70.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 70.89% |
| Mar 31, 2026 | 71.57% |
| Dec 31, 2025 | -34.15% |
| Sep 30, 2025 | 70.11% |
| Jun 30, 2025 | 57.25% |
| Mar 31, 2025 | 62.91% |
| Dec 31, 2024 | -29.53% |
| Sep 30, 2024 | 70.86% |
| Jun 30, 2024 | 67.09% |
| Mar 31, 2024 | 71.46% |
| Dec 31, 2023 | -8.40% |
| Sep 30, 2023 | 66.36% |
| Jun 30, 2023 | 63.27% |
| Mar 31, 2023 | 67.25% |
| Dec 31, 2022 | 75.13% |
| Sep 30, 2022 | 78.99% |
| Jun 30, 2022 | 79.69% |
| Mar 31, 2022 | 73.80% |
| Dec 31, 2021 | 79.90% |
| Sep 30, 2021 | 81.43% |