Star Bulk Carriers Corp. (SBLK)

Star Bulk Carriers Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,131	1,265	949.27	1,437	1,427	693.24
Revenue Growth (YoY)	2.95%	33.31%	-33.95%	0.68%	105.91%	-15.60%
Cost of Revenue	717.11	682.82	554.52	616.45	497.18	450.48
Gross Profit	414.15	582.64	394.75	820.71	930.25	242.76
Selling, General & Admin	74.1	70.78	54.41	56.83	39.5	31.88
Other Operating Expenses	-2.31	6.69	5.19	-2.58	2.74	0.39
Operating Expenses	246.18	241.83	198.33	211.66	195.51	174.93
Operating Income	167.96	340.8	196.41	609.05	734.74	67.83
Interest Expense	-84.98	-92.75	-73.27	-51.41	-54.32	-67.04
Interest & Investment Income	19.12	16.38	15.23	7.05	0.32	0.27
Earnings From Equity Investments	-0.03	-0	0.06	0.11	0.12	0.04
Currency Exchange Gain (Loss)	0.1	0.1	-	-	-	-
Other Non Operating Income (Expenses)	-3.17	-5.07	-2.92	-2.62	1.84	13.64
EBT Excluding Unusual Items	99	259.46	135.51	562.18	682.7	14.74
Gain (Loss) on Sale of Assets	11.65	43.29	29.4	-	-	-
Asset Writedown	-1.8	-1.8	-17.84	-	-	-
Other Unusual Items	8.33	-1.14	-7.25	4.06	-2.16	-4.92
Pretax Income	124.22	304.54	173.74	566.24	680.55	9.81
Income Tax Expense	-	-0.12	0.18	0.24	0.02	0.15
Net Income	124.22	304.65	173.56	566	680.53	9.66
Net Income to Common	124.22	304.65	173.56	566	680.53	9.66
Net Income Growth	-53.00%	75.54%	-69.34%	-16.83%	6944.82%	-
Shares Outstanding (Basic)	117	107	98	102	101	96
Shares Outstanding (Diluted)	117	109	99	103	101	96
Shares Change (YoY)	20.60%	9.88%	-3.52%	1.04%	5.40%	2.72%
EPS (Basic)	1.06	2.85	1.76	5.54	6.73	0.10
EPS (Diluted)	1.05	2.80	1.75	5.52	6.71	0.10
EPS Growth	-61.37%	60.00%	-68.30%	-17.73%	6610.00%	-
Free Cash Flow	282.59	416.06	317.69	744.5	636.92	98.49
Free Cash Flow Per Share	2.41	3.83	3.21	7.26	6.28	1.02
Dividend Per Share	0.790	2.140	1.420	5.100	4.250	-
Dividend Growth	-62.74%	50.70%	-72.16%	20.00%	-	-
Gross Margin	36.61%	46.04%	41.58%	57.11%	65.17%	35.02%
Operating Margin	14.85%	26.93%	20.69%	42.38%	51.47%	9.79%
Profit Margin	10.98%	24.07%	18.28%	39.38%	47.67%	1.39%
Free Cash Flow Margin	24.98%	32.88%	33.47%	51.80%	44.62%	14.21%
EBITDA	342.04	504.86	334.84	765.78	887.19	208.94
EBITDA Margin	30.24%	39.90%	35.27%	53.29%	62.15%	30.14%
D&A For EBITDA	174.08	164.06	138.43	156.73	152.45	141.11
EBIT	167.96	340.8	196.41	609.05	734.74	67.83
EBIT Margin	14.85%	26.93%	20.69%	42.38%	51.47%	9.79%
Effective Tax Rate	-	-	0.10%	0.04%	0.00%	1.55%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q