Safe Bulkers (SB) Operating Margin (2009 - 2025)
Safe Bulkers (SB) reported Operating Margin of 25.79% for Q4 2025, down 868.0% on a YoY basis from 3.36% in Q4 2024, and down 27.08% quarter-over-quarter from 35.37% in Q3 2025.
Safe Bulkers (SB) Operating Margin (2009 - 2025) Analysis & Trends
Safe Bulkers has reported Operating Margin for 17 years, with the latest figure at 25.79% in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin fell 868.0% year-over-year to 25.79%; the trailing twelve-month figure through Dec 2025 stood at 25.37% (down 1637.0% YoY), and the FY2025 full-year result was 25.37%, down 1637.0% from the prior year.
- Operating Margin for Q4 2025 stood at 25.79%, down from 35.37% in the prior quarter.
- The five-year high for Operating Margin was 71.02% in Q4 2021, with the low at 15.96% in Q2 2025.
- Historically, Operating Margin has averaged 42.41% across 5 years, with a median of 44.0% in 2021.
- Annual changes were most pronounced in 2021 — Operating Margin soared 6246 bps — and 2023, when it tumbled 2899 bps.
- Safe Bulkers' Operating Margin stood at 71.02% in 2021, then tumbled by 35 bps to 45.87% in 2022, then declined by 1 bps to 45.23% in 2023, then slipped by 24 bps to 34.47% in 2024, then declined by 25 bps to 25.79% in 2025.
- The last three Operating Margin figures came in at 25.79% (Q4 2025), 35.37% (Q3 2025), and 15.96% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 45.48% |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | -31.42% |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 8.10% |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 48.93% |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 25.53% |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | -1.31% |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | 48.28% |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 80.06% |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Safe Bulkers | 1,950.00 | -146.39 Mn | -24.78 Mn | 25.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 47.98% |
| Mar 31, 2021 | 44.12% |