Star Bulk Carriers (SBLK) Operating Expenses (2009 - 2025)
Star Bulk Carriers (SBLK) posted quarterly Operating Expenses of $223.8 million for Q4 2025, up 350.92% year-over-year from $49.6 million in Q4 2024, and down 3.53% quarter-over-quarter from $232.0 million in Q3 2025.
Star Bulk Carriers (SBLK) Operating Expenses (2009 - 2025) Analysis & Trends
Star Bulk Carriers (SBLK) has reported Operating Expenses for 17 consecutive years, with $223.8 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses rose 350.92% year-over-year to $223.8 million; the TTM figure through Dec 2025 stood at $905.6 million (down 17.82% YoY), while the FY2025 annual figure was $905.6 million, up 2.63% from the prior year.
- Operating Expenses declined to $223.8 million in Q4 2025 per SBLK's latest filing, from $232.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $635.8 million in Q3 2024 and bottomed at -$89.2 million in Q4 2024.
- Historically, Operating Expenses has averaged $201.0 million across 5 years, with a median of $204.9 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 505.04% — and 2024, when it sank 143.68%.
- Star Bulk Carriers' Operating Expenses stood at -$50.9 million in 2021, then surged by 505.04% to $206.0 million in 2022, then declined by 0.87% to $204.2 million in 2023, then plunged by 143.68% to -$89.2 million in 2024, then jumped by 350.92% to $223.8 million in 2025.
- Business Quant data shows SBLK's Operating Expenses at $223.8 million in Q4 2025, $232.0 million in Q3 2025, and $234.2 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 800.04 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 810.50 Mn |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | -49.23 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -403.80 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | -56.64 Mn |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 72,107.52 Bn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | -23.83 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | -41.93 Mn |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | 129.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 223.85 Mn |
| Sep 30, 2025 | 232.03 Mn |
| Jun 30, 2025 | 234.17 Mn |
| Mar 31, 2025 | 215.58 Mn |
| Dec 31, 2024 | -89.21 Mn |
| Sep 30, 2024 | 635.77 Mn |
| Jun 30, 2024 | 390.43 Mn |
| Mar 31, 2024 | 165.02 Mn |
| Dec 31, 2023 | 204.23 Mn |
| Sep 30, 2023 | 160.66 Mn |
| Jun 30, 2023 | 246.32 Mn |
| Mar 31, 2023 | 99.61 Mn |
| Dec 31, 2022 | 206.01 Mn |
| Sep 30, 2022 | 240.00 Mn |
| Jun 30, 2022 | 204.90 Mn |
| Mar 31, 2022 | 178.64 Mn |
| Dec 31, 2021 | -50.86 Mn |
| Jun 30, 2021 | 169.70 Mn |
| Mar 31, 2021 | 152.04 Mn |
| Dec 31, 2020 | -48.57 Mn |