Safe Bulkers (SB) Net Margin (2009 - 2026)
Safe Bulkers' (SB) quarterly Net Margin came in at 37.91% in Q2 2026, up 3837.0% on a YoY basis from 0.96% in Q2 2025, and up 39.56% quarter-over-quarter from 27.16% in Q1 2026.
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Safe Bulkers (SB) Net Margin (2009 - 2026) Analysis & Trends
Safe Bulkers (SB) has reported Net Margin for 18 consecutive years, with 37.91% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 3837.0% year-over-year to 37.91%; the trailing twelve-month figure through Jun 2026 stood at 25.69% (up 932.0% YoY), and the FY2025 full-year result was 11.08%, down 1797.0% from the prior year.
- Net Margin improved to 37.91% in Q2 2026 per SB's latest filing, from 27.16% in the prior quarter.
- Across five years, Net Margin topped out at 52.51% in Q2 2022 and bottomed at 0.46% in Q2 2025.
- Historically, Net Margin has averaged 28.1% across 5 years, with a median of 27.84% in 2024.
- The sharpest annual moves came in 2023 and 2026: Net Margin tumbled 3355 bps in 2023, then soared 3837 bps in 2026.
- Over 5 years, Net Margin stood at 37.93% in 2022, then decreased by 18 bps to 31.12% in 2023, then dropped by 22 bps to 24.28% in 2024, then slumped by 44 bps to 13.56% in 2025, then surged by 180 bps to 37.91% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 37.91%, 27.16%, and 13.56% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | 70.00% |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 9.74% |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | 13.35% |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 63.09% |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 34.40% |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | 59.92% |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 109.93% |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 3.57% |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 37.70% |
| 10 | Safe Bulkers | 922.29 Mn | 787.76 Mn | 62.00 Mn | 37.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.91% |
| Mar 31, 2026 | 27.16% |
| Dec 31, 2025 | 13.56% |
| Sep 30, 2025 | 21.60% |
| Jun 30, 2025 | -0.46% |
| Mar 31, 2025 | 8.15% |
| Dec 31, 2024 | 24.28% |
| Sep 30, 2024 | 30.46% |
| Jun 30, 2024 | 32.59% |
| Mar 31, 2024 | 28.53% |
| Dec 31, 2023 | 31.12% |
| Sep 30, 2023 | 20.18% |
| Jun 30, 2023 | 18.95% |
| Mar 31, 2023 | 25.90% |
| Dec 31, 2022 | 37.93% |
| Sep 30, 2022 | 52.27% |
| Jun 30, 2022 | 52.51% |
| Mar 31, 2022 | 43.24% |
| Dec 31, 2021 | 67.57% |
| Sep 30, 2021 | 56.90% |