Star Bulk Carriers (SBLK) Gross Margin (2009 - 2025)
Star Bulk Carriers (SBLK) posted quarterly Gross Margin of 81.33% for Q4 2025, up 278.0% year-over-year from 21.51% in Q4 2024, and down 1.18% quarter-over-quarter from 82.29% in Q3 2025.
Star Bulk Carriers (SBLK) Gross Margin (2009 - 2025) Analysis & Trends
Star Bulk Carriers (SBLK) has reported Gross Margin for 17 consecutive years, with 81.33% the latest figure, recorded in Q4 2025.
- In Q4 2025, Gross Margin rose 278.0% year-over-year to 81.33%; the TTM figure through Dec 2025 stood at 79.38% (up 56.0% YoY), while the FY2025 annual figure was 79.38%, up 41.0% from the prior year.
- Gross Margin eased to 81.33% in Q4 2025 per SBLK's latest filing, from 82.29% in the prior quarter.
- Across five years, Gross Margin topped out at 85.55% in Q4 2021 and bottomed at 74.19% in Q3 2023.
- Historically, Gross Margin has averaged 79.28% across 5 years, with a median of 78.86% in 2024.
- Annual changes were most pronounced in 2021 — Gross Margin jumped 537667 bps — and 2022, when it tumbled 1080 bps.
- Star Bulk Carriers' Gross Margin stood at 85.55% in 2021, then slipped by 13 bps to 74.75% in 2022, then retreated by 1 bps to 74.33% in 2023, then advanced by 6 bps to 78.54% in 2024, then climbed by 4 bps to 81.33% in 2025.
- Business Quant data shows SBLK's Gross Margin at 81.33% in Q4 2025, 82.29% in Q3 2025, and 77.43% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 31.53% |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | - |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | 67.88% |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | 4.10% |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 79.34% |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 2,501,247.17% |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | 91.34% |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 92.31% |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | 61.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 81.33% |
| Sep 30, 2025 | 82.29% |
| Jun 30, 2025 | 77.43% |
| Mar 31, 2025 | 75.58% |
| Dec 31, 2024 | 78.54% |
| Sep 30, 2024 | 79.10% |
| Jun 30, 2024 | 78.86% |
| Mar 31, 2024 | 77.99% |
| Dec 31, 2023 | 74.33% |
| Sep 30, 2023 | 74.19% |
| Jun 30, 2023 | 74.38% |
| Mar 31, 2023 | 85.06% |
| Dec 31, 2022 | 74.75% |
| Sep 30, 2022 | 74.65% |
| Jun 30, 2022 | 84.09% |
| Mar 31, 2022 | 85.20% |
| Dec 31, 2021 | 85.55% |
| Jun 30, 2021 | 82.98% |
| Mar 31, 2021 | 80.02% |
| Dec 31, 2020 | 77.77% |