Star Bulk Carriers (SBLK) Cost of Revenue (2009 - 2025)
Star Bulk Carriers (SBLK) posted quarterly Cost of Revenue of $56.1 million for Q4 2025, down 15.31% year-over-year from $66.3 million in Q4 2024, and up 20.16% quarter-over-quarter from $46.7 million in Q3 2025.
Star Bulk Carriers (SBLK) Cost of Revenue (2009 - 2025) Analysis & Trends
Star Bulk Carriers (SBLK) has reported Cost of Revenue for 17 consecutive years, with $56.1 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Cost of Revenue fell 15.31% year-over-year to $56.1 million; the TTM figure through Dec 2025 stood at $215.0 million (down 52.51% YoY), while the FY2025 annual figure was $215.0 million, down 19.24% from the prior year.
- Cost of Revenue climbed to $56.1 million in Q4 2025 per SBLK's latest filing, from $46.7 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $199.9 million in Q3 2024 and bottomed at $33.5 million in Q1 2023.
- Historically, Cost of Revenue has averaged $70.5 million across 5 years, with a median of $57.6 million in 2023.
- Annual changes were most pronounced in 2024 — Cost of Revenue soared 247.2% — and 2025, when it slumped 76.63%.
- Star Bulk Carriers' Cost of Revenue stood at $72.2 million in 2021, then advanced by 3.08% to $74.4 million in 2022, then retreated by 9.16% to $67.6 million in 2023, then declined by 1.98% to $66.3 million in 2024, then dropped by 15.31% to $56.1 million in 2025.
- Business Quant data shows SBLK's Cost of Revenue at $56.1 million in Q4 2025, $46.7 million in Q3 2025, and $55.8 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 631.60 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | - |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | 72.13 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | 1.03 Bn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 56.69 Mn |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | -12,231.05 Bn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | 30.92 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 15.44 Mn |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | 67.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 56.13 Mn |
| Dec 31, 2025 | 56.13 Mn |
| Sep 30, 2025 | 46.72 Mn |
| Sep 30, 2025 | 46.72 Mn |
| Jun 30, 2025 | 55.85 Mn |
| Jun 30, 2025 | 55.85 Mn |
| Mar 31, 2025 | 56.32 Mn |
| Mar 31, 2025 | 56.32 Mn |
| Dec 31, 2024 | 66.29 Mn |
| Dec 31, 2024 | 66.29 Mn |
| Sep 30, 2024 | 199.94 Mn |
| Sep 30, 2024 | 199.94 Mn |
| Jun 30, 2024 | 129.43 Mn |
| Jun 30, 2024 | 129.43 Mn |
| Mar 31, 2024 | 57.09 Mn |
| Mar 31, 2024 | 57.09 Mn |
| Dec 31, 2023 | 67.62 Mn |
| Dec 31, 2023 | 67.62 Mn |
| Sep 30, 2023 | 57.59 Mn |
| Sep 30, 2023 | 57.59 Mn |