Safe Bulkers (SB) Operating Margin (2009 - 2026)
Safe Bulkers' (SB) quarterly Operating Margin came in at 45.75% in Q2 2026, up 2979.0% on a YoY basis from 1.49% in Q2 2025, and up 28.56% quarter-over-quarter from 35.59% in Q1 2026.
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Safe Bulkers (SB) Operating Margin (2009 - 2026) Analysis & Trends
Safe Bulkers (SB) has reported Operating Margin for 18 consecutive years, with 45.75% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 2979.0% year-over-year to 45.75%; the trailing twelve-month figure through Jun 2026 stood at 36.11% (up 569.0% YoY), and the FY2025 full-year result was 69.42%, up 2767.0% from the prior year.
- Operating Margin climbed to 45.75% in Q2 2026 per SB's latest filing, from 35.59% in the prior quarter.
- Across five years, Operating Margin topped out at 59.48% in Q2 2022 and bottomed at 15.96% in Q2 2025.
- Historically, Operating Margin has averaged 39.03% across 5 years, with a median of 39.9% in 2023.
- The sharpest annual moves came in 2023 and 2026: Operating Margin plunged 2899 bps in 2023, then soared 2979 bps in 2026.
- Over 5 years, Operating Margin stood at 45.87% in 2022, then retreated by 1 bps to 45.23% in 2023, then declined by 24 bps to 34.47% in 2024, then retreated by 25 bps to 25.79% in 2025, then jumped by 77 bps to 45.75% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 45.75%, 35.59%, and 25.79% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | 71.19% |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 13.27% |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | 16.39% |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 64.49% |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 34.33% |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | 71.23% |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 97.45% |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 8.10% |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 43.38% |
| 10 | Safe Bulkers | 922.29 Mn | 787.76 Mn | 62.00 Mn | 45.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.75% |
| Mar 31, 2026 | 35.59% |
| Dec 31, 2025 | 25.79% |
| Sep 30, 2025 | 35.37% |
| Jun 30, 2025 | 15.96% |
| Mar 31, 2025 | 23.18% |
| Dec 31, 2024 | 34.47% |
| Sep 30, 2024 | 45.30% |
| Jun 30, 2024 | 43.88% |
| Mar 31, 2024 | 42.77% |
| Dec 31, 2023 | 45.23% |
| Sep 30, 2023 | 31.92% |
| Jun 30, 2023 | 30.50% |
| Mar 31, 2023 | 37.04% |
| Dec 31, 2022 | 45.87% |
| Sep 30, 2022 | 57.71% |
| Jun 30, 2022 | 59.48% |
| Mar 31, 2022 | 46.72% |
| Dec 31, 2021 | 71.02% |
| Sep 30, 2021 | 63.82% |