Safe Bulkers (SB) Net Margin (2009 - 2025)
Safe Bulkers (SB) reported Net Margin of 13.56% for Q4 2025, down 1073.0% on a YoY basis from 1.39% in Q4 2024, and down 37.24% quarter-over-quarter from 21.6% in Q3 2025.
Safe Bulkers (SB) Net Margin (2009 - 2025) Analysis & Trends
Safe Bulkers has reported Net Margin for 17 years, with the latest figure at 13.56% in Q4 2025.
- For the quarter ending Q4 2025, Net Margin fell 1073.0% year-over-year to 13.56%; the trailing twelve-month figure through Dec 2025 stood at 11.08% (down 1797.0% YoY), and the FY2025 full-year result was 11.08%, down 1797.0% from the prior year.
- Net Margin for Q4 2025 stood at 13.56%, down from 21.6% in the prior quarter.
- The five-year high for Net Margin was 67.57% in Q4 2021, with the low at 0.46% in Q2 2025.
- Historically, Net Margin has averaged 31.58% across 5 years, with a median of 30.23% in 2021.
- Annual changes were most pronounced in 2021 — Net Margin jumped 7122 bps — and 2023, when it slumped 3355 bps.
- Safe Bulkers' Net Margin stood at 67.57% in 2021, then plunged by 44 bps to 37.93% in 2022, then fell by 18 bps to 31.12% in 2023, then decreased by 22 bps to 24.28% in 2024, then plunged by 44 bps to 13.56% in 2025.
- The last three Net Margin figures came in at 13.56% (Q4 2025), 21.6% (Q3 2025), and 0.46% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 47.37% |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | 0.97% |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 7.47% |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 48.83% |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | -16.74% |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | -6.16% |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | 37.35% |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 89.55% |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Safe Bulkers | 1,950.00 | -146.39 Mn | -24.78 Mn | 13.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 36.41% |
| Mar 31, 2021 | 30.01% |