Safe Bulkers (SB) Operating Income (2009 - 2026)

Safe Bulkers (SB) posted Operating Income of $74.8 million for Q1 2026, up 361.55% on a QoQ basis from -$28.6 million in Q4 2025, and up 21.06% year-over-year from $61.8 million in Q1 2025.

Safe Bulkers (SB) Operating Income (2009 - 2026) Analysis & Trends

Safe Bulkers' Operating Income history runs 18 years deep, the most recent figure standing at $74.8 million for Q1 2026.

  • Quarterly Operating Income rose 21.06% year-over-year to $74.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $180.5 million (down 4.14% YoY) and the FY2025 annual result came in at $70.0 million, down 45.52% from the prior year.
  • Operating Income was $74.8 million for Q1 2026 at Safe Bulkers, up from -$28.6 million in the prior quarter.
  • Across five years, Operating Income topped out at $92.4 million in Q3 2022 and bottomed at -$28.6 million in Q4 2025.
  • A 5-year average of $55.7 million and a median of $63.9 million in 2023 frame the typical range for Operating Income.
  • Annual changes were most pronounced in 2022 — Operating Income surged 168.6% — and 2024, when it plunged 154.77%.
  • Safe Bulkers' Operating Income stood at $61.5 million in 2022, then slumped by 114.27% to -$8.8 million in 2023, then plunged by 154.77% to -$22.4 million in 2024, then decreased by 27.92% to -$28.6 million in 2025, then surged by 361.55% to $74.8 million in 2026.
  • Business Quant data shows SB's Operating Income at $74.8 million in Q1 2026, -$28.6 million in Q4 2025, and $73.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 ZIM Integrated Shipping Services 2,960,125.28 Bn 2,960,124.36 Bn 57.20 Mn -18.30 Mn
2 Danaos 2,540.11 Bn 2,539.24 Bn 203.71 Mn 219.70 Mn
3 Sfl 1,567.42 Bn 1,567.27 Bn 66.27 Mn -63.36 Mn
4 Capital Clean Energy Carriers 1,428.00 Bn 1,427.46 Bn 95.52 Mn 92.06 Mn
5 Globus Maritime 60.18 Bn 60.15 Bn 8,083.00 11,338.00
6 Kirby 8.05 Bn 7.97 Bn 291.34 Mn 129.67 Mn
7 Matson 6.24 Bn 6.14 Bn - 61.40 Mn
8 Intercont (Cayman) 3.99 Bn 3.99 Bn - -
9 Hafnia 3.72 Bn 3.61 Bn 152.41 Mn 109.86 Mn
10 Safe Bulkers 766.25 Mn 594.47 Mn 53.24 Mn 74.85 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 74.85 Mn
Dec 31, 2025 -28.62 Mn
Sep 30, 2025 73.88 Mn
Jun 30, 2025 60.44 Mn
Mar 31, 2025 61.83 Mn
Dec 31, 2024 -22.37 Mn
Sep 30, 2024 75.47 Mn
Jun 30, 2024 73.43 Mn
Mar 31, 2024 79.19 Mn
Dec 31, 2023 -8.78 Mn
Sep 30, 2023 62.53 Mn
Jun 30, 2023 63.59 Mn
Mar 31, 2023 63.85 Mn
Dec 31, 2022 61.54 Mn
Sep 30, 2022 92.38 Mn
Jun 30, 2022 90.38 Mn
Mar 31, 2022 74.10 Mn
Dec 31, 2021 65.65 Mn
Sep 30, 2021 59.03 Mn
Jun 30, 2021 39.15 Mn