Safe Bulkers (SB) Payout Ratio (2009 - 2025)
Safe Bulkers' (SB) quarterly Payout Ratio came in at 2.91 in Q4 2025, down 71.14% on a YoY basis from 10.08 in Q4 2024, and down 71.14% quarter-over-quarter from 1.7 in Q4 2024.
Analysis
Safe Bulkers (SB) Payout Ratio (2009 - 2025) Analysis & Trends
Safe Bulkers (SB) has reported Payout Ratio for 12 consecutive years, with 2.91 the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Payout Ratio fell 71.14% year-over-year to 2.91; the trailing twelve-month figure through Dec 2025 stood at 3.55 (down 382.85% YoY), and the FY2025 full-year result was 0.94, down 183.59% from the prior year.
- Payout Ratio fell to 2.91 in Q4 2025 per SB's latest filing, from 1.7 in the prior quarter.
- Across five years, Payout Ratio topped out at 0.27 in Q3 2021 and bottomed at 2.91 in Q4 2025.
- Historically, Payout Ratio has averaged 1.17 across 4 years, with a median of 1.2 in 2023.
- The widest YoY moves for Payout Ratio: up 93.28% in 2021, down 99.86% in 2021.
- Over 4 years, Payout Ratio stood at 0.31 in 2021, then tumbled by 280.74% to 1.2 in 2023, then sank by 41.87% to 1.7 in 2024, then plunged by 71.14% to 2.91 in 2025.
- According to Business Quant data, Payout Ratio over the past three periods registered 2.91, 1.7, and 1.2 for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn |
| 10 | Safe Bulkers | 922.29 Mn | 787.76 Mn | 62.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -2.91 |
| Dec 31, 2024 | -1.70 |
| Dec 31, 2023 | -1.20 |
| Dec 31, 2021 | -0.31 |
| Sep 30, 2021 | 0.27 |
| Dec 31, 2020 | -4.68 |
| Sep 30, 2020 | 195.04 |
| Jun 30, 2019 | -0.09 |
| Dec 31, 2018 | 0.02 |
| Dec 31, 2016 | 0.43 |
| Sep 30, 2016 | 0.13 |
| Dec 31, 2015 | 0.11 |
| Sep 30, 2015 | 0.40 |
| Dec 31, 2013 | -0.19 |
| Dec 31, 2012 | -0.12 |
| Jun 30, 2009 | -0.27 |