Safe Bulkers (SB) Gross Margin (2009 - 2026)
Safe Bulkers' (SB) quarterly Gross Margin came in at 70.89% in Q2 2026, up 1364.0% on a YoY basis from 4.84% in Q2 2025, and down 0.94% quarter-over-quarter from 71.57% in Q1 2026.
Analysis
Safe Bulkers (SB) Gross Margin (2009 - 2026) Analysis & Trends
Safe Bulkers (SB) has reported Gross Margin for 18 consecutive years, with 70.89% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 1364.0% year-over-year to 70.89%; the trailing twelve-month figure through Jun 2026 stood at 46.08% (up 615.0% YoY), and the FY2025 full-year result was 64.7%, down 520.0% from the prior year.
- Gross Margin fell to 70.89% in Q2 2026 per SB's latest filing, from 71.57% in the prior quarter.
- Across five years, Gross Margin topped out at 95.88% in Q4 2022 and bottomed at 34.15% in Q4 2025.
- Historically, Gross Margin has averaged 55.29% across 5 years, with a median of 68.68% in 2025.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 1598 bps in 2022, then sank 10428 bps in 2023.
- Over 5 years, Gross Margin stood at 95.88% in 2022, then tumbled by 109 bps to 8.4% in 2023, then sank by 252 bps to 29.53% in 2024, then declined by 16 bps to 34.15% in 2025, then soared by 308 bps to 70.89% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 70.89%, 71.57%, and 34.15% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | - |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 31.53% |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | - |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 99.97% |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 45.71% |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | 79.33% |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 84.14% |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 14.32% |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 83.88% |
| 10 | Safe Bulkers | 922.29 Mn | 787.76 Mn | 62.00 Mn | 70.89% |
Historic Data
Download Data
Historic 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 | 95.88% |
| 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% |