Star Bulk Carriers (SBLK) Tax Rate (2017 - 2024)

Star Bulk Carriers' (SBLK) quarterly Tax Rate came in at 0.04% in Q3 2024, up 22.0% year-on-year from 0.04% in Q4 2023, and down 31.0% on a QoQ basis from 0.06% in Q2 2024.

Star Bulk Carriers (SBLK) Tax Rate (2017 - 2024) Analysis & Trends

Star Bulk Carriers (SBLK) has 6 years of Tax Rate data on file, last reported at 0.04% in Q3 2024.

  • On a quarterly basis, Tax Rate rose 22.0% year-over-year to 0.04% in Q3 2024; TTM through Sep 2024 was 0.06%, a 23.0% increase from a year earlier, with the FY2024 full-year figure at 0.04%, down 14.0% from the prior year.
  • Tax Rate for Q3 2024 stood at 0.04%, down from 0.06% in the prior quarter.
  • Over the last five years, Tax Rate for SBLK reached as high as 0.14% in Q1 2024 and fell as low as 1.54% in Q1 2020.
  • Historically, Tax Rate has averaged 0.19% across 4 years, with a median of 0.04% in 2020.
  • Across the five-year window, Tax Rate dropped 23 bps in 2020 and soared 37 bps in 2024, its largest moves.
  • Year by year, Tax Rate stood at 0.4% in 2020, then soared by 42 bps to 0.23% in 2022, then surged by 98 bps to 0.01% in 2023, then surged by 978 bps to 0.04% in 2024.
  • Per Business Quant data, the three most recent Tax Rate figures were 0.04% in Q3 2024, 0.06% in Q2 2024, and 0.14% in Q1 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 ZIM Integrated Shipping Services 3,084,216.90 Bn 3,084,215.99 Bn 57.20 Mn -12.12%
2 Danaos 37,407.52 Bn 37,406.64 Bn 203.71 Mn -
3 Sfl 1,574.06 Bn 1,573.91 Bn 66.27 Mn -2.36%
4 Capital Clean Energy Carriers 37.96 Bn 37.42 Bn 95.52 Mn -
5 Kirby 9.76 Bn 9.69 Bn 291.34 Mn 25.90%
6 Matson 6.49 Bn 6.39 Bn - 16.64%
7 C3is 5.03 Bn 5.03 Bn 10.51 Mn -
8 Hafnia 3.79 Bn 3.79 Bn 152.41 Mn -2.13%
9 Intercont (Cayman) 3.29 Bn 3.29 Bn - -
10 Star Bulk Carriers 3.08 Bn 2.59 Bn 493.84 Mn -

Historic Data

Download Data
DateValue
Sep 30, 2024 0.04%
Sep 30, 2024 0.04%
Sep 30, 2024 0.04%
Jun 30, 2024 0.06%
Jun 30, 2024 0.06%
Jun 30, 2024 0.06%
Mar 31, 2024 0.14%
Mar 31, 2024 0.14%
Mar 31, 2024 0.14%
Dec 31, 2023 -0.01%
Dec 31, 2023 -0.01%
Dec 31, 2023 -0.01%
Sep 30, 2023 -0.18%
Sep 30, 2023 -0.18%
Sep 30, 2023 -0.18%
Mar 31, 2023 -0.22%
Mar 31, 2023 -0.22%
Mar 31, 2023 -0.22%
Dec 31, 2022 -0.23%
Dec 31, 2022 -0.23%