Safe Bulkers, Inc. (SB)

Safe Bulkers 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	290.31	307.63	284.4	349.72	329.03	198.16
Revenue Growth (YoY)	-2.98%	8.17%	-18.68%	6.29%	66.05%	0.20%
Cost of Revenue	108.67	108.75	110.26	89.51	81.11	111.03
Gross Profit	181.64	198.88	174.14	260.21	247.92	87.13
Selling, General & Admin	27.21	27.04	23.76	21.8	22.5	21.5
Other Operating Expenses	1.84	1.84	2.48	4.24	-6.78	0.88
Operating Expenses	87.52	87.01	80.37	75.56	68.08	76.65
Operating Income	94.12	111.87	93.77	184.65	179.84	10.48
Interest Expense	-33.33	-34.33	-26.85	-13.82	-11.14	-24.34
Interest & Investment Income	3.76	3.4	2.5	0.78	0.07	0.6
Currency Exchange Gain (Loss)	0.02	4.17	-1.87	-1.1	-0.91	0.92
Other Non Operating Income (Expenses)	0.47	-4.29	-0.57	2.04	-5.08	-0.57
EBT Excluding Unusual Items	65.03	80.82	66.98	172.55	162.77	-12.91
Gain (Loss) on Sale of Assets	14.29	16.56	10.38	-	11.58	-
Pretax Income	79.32	97.38	77.35	172.55	174.35	-12.91
Net Income	79.32	97.38	77.35	172.55	174.35	-12.91
Preferred Dividends & Other Adjustments	8	8	8	8.98	10.79	12.41
Net Income to Common	71.32	89.38	69.35	163.58	163.56	-25.31
Net Income Growth	-4.82%	25.89%	-55.17%	-1.03%	-	-
Shares Outstanding (Basic)	106	108	114	121	114	103
Shares Outstanding (Diluted)	106	108	114	121	114	103
Shares Change (YoY)	-4.81%	-5.32%	-5.83%	6.10%	10.81%	0.92%
EPS (Basic)	0.67	0.83	0.61	1.36	1.44	-0.25
EPS (Diluted)	0.67	0.83	0.61	1.36	1.44	-0.25
EPS Growth	-0.54%	36.11%	-54.98%	-5.74%	-	-
Free Cash Flow	-20.32	-14.32	-86.9	34.77	107.98	12.93
Free Cash Flow Per Share	-0.19	-0.13	-0.77	0.29	0.95	0.13
Dividend Per Share	0.200	0.200	0.200	0.200	-	-
Gross Margin	62.57%	64.65%	61.23%	74.41%	75.35%	43.97%
Operating Margin	32.42%	36.36%	32.97%	52.80%	54.66%	5.29%
Profit Margin	24.57%	29.05%	24.39%	46.77%	49.71%	-12.77%
Free Cash Flow Margin	-7.00%	-4.65%	-30.55%	9.94%	32.82%	6.53%
EBITDA	152.59	170.01	147.9	234.17	232.2	64.75
EBITDA Margin	52.56%	55.26%	52.01%	66.96%	70.57%	32.67%
D&A For EBITDA	58.47	58.14	54.13	49.52	52.36	54.27
EBIT	94.12	111.87	93.77	184.65	179.84	10.48
EBIT Margin	32.42%	36.36%	32.97%	52.80%	54.66%	5.29%
Revenue as Reported	290.31	307.63	284.4	349.72	329.03	198.16

Updated May 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q