Safe Bulkers (SB) Gross Margin (2009 - 2026)

Safe Bulkers' Gross Margin history runs 18 years deep, the most recent figure standing at 71.57% for Q1 2026.

• Quarterly Gross Margin rose 866.0% year-over-year to 71.57% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 41.06% (down 230.0% YoY) and the FY2025 annual result came in at 64.7%, down 520.0% from the prior year.
• Gross Margin was 71.57% for Q1 2026 at Safe Bulkers, up from 34.15% in the prior quarter.
• Across five years, Gross Margin topped out at 79.69% in Q2 2022 and bottomed at 34.15% in Q4 2025.
• A 5-year average of 53.16% and a median of 67.25% in 2023 frame the typical range for Gross Margin.
• Annual changes were most pronounced in 2023 — Gross Margin plunged 8353 bps — and 2026, when it surged 866 bps.
• Safe Bulkers' Gross Margin stood at 75.13% in 2022, then sank by 111 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 jumped by 310 bps to 71.57% in 2026.
• Business Quant data shows SB's Gross Margin at 71.57% in Q1 2026, 34.15% in Q4 2025, and 70.11% in Q3 2025.