Star Bulk Carriers Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,042	1,265	949.27	1,437	1,427
Revenue Growth (YoY)	-17.62%	33.31%	-33.95%	0.68%	105.91%
Cost of Revenue	658.3	682.82	556.62	616.45	497.18
Gross Profit	384.2	582.64	392.65	820.71	930.25
Selling, General & Admin	70.54	70.78	54.41	56.83	39.5
Other Operating Expenses	-2.56	6.69	-0.57	-2.58	2.74
Operating Expenses	236.26	241.83	192.58	211.66	195.51
Operating Income	147.94	340.8	200.07	609.05	734.74
Interest Expense	-69.25	-92.75	-73.27	-51.41	-54.32
Interest & Investment Income	18.89	16.38	15.23	7.05	0.32
Earnings From Equity Investments	-0.91	-0	0.06	0.11	0.12
Currency Exchange Gain (Loss)	-	0.1	-	-	-
Other Non Operating Income (Expenses)	3.95	-5.07	-2.92	-2.62	1.84
EBT Excluding Unusual Items	100.62	259.46	139.16	562.18	682.7
Gain (Loss) on Sale of Assets	-18.31	43.29	29.4	-	-
Asset Writedown	-	-1.8	-17.84	-	-
Other Unusual Items	-0.43	-1.14	-5.15	4.06	-2.16
Pretax Income	84.17	304.54	173.74	566.24	680.55
Income Tax Expense	-	-0.12	0.18	0.24	0.02
Net Income	84.17	304.65	173.56	566	680.53
Net Income to Common	84.17	304.65	173.56	566	680.53
Net Income Growth	-72.37%	75.54%	-69.34%	-16.83%	6944.82%
Shares Outstanding (Basic)	115	107	98	102	101
Shares Outstanding (Diluted)	115	109	99	103	101
Shares Change (YoY)	6.18%	9.88%	-3.52%	1.04%	5.40%
EPS (Basic)	0.73	2.85	1.76	5.54	6.73
EPS (Diluted)	0.73	2.80	1.75	5.52	6.71
EPS Growth	-73.93%	60.00%	-68.30%	-17.73%	6610.00%
Free Cash Flow	211.95	416.06	317.69	744.5	636.92
Free Cash Flow Per Share	1.84	3.83	3.21	7.26	6.28
Dividend Per Share	0.580	2.140	1.420	5.100	4.250
Dividend Growth	-72.90%	50.70%	-72.16%	20.00%	-
Gross Margin	36.85%	46.04%	41.36%	57.11%	65.17%
Operating Margin	14.19%	26.93%	21.08%	42.38%	51.47%
Profit Margin	8.07%	24.07%	18.28%	39.38%	47.67%
Free Cash Flow Margin	20.33%	32.88%	33.47%	51.80%	44.62%
EBITDA	316.22	504.86	338.5	765.78	887.19
EBITDA Margin	30.33%	39.90%	35.66%	53.29%	62.15%
D&A For EBITDA	168.28	164.06	138.43	156.73	152.45
EBIT	147.94	340.8	200.07	609.05	734.74
EBIT Margin	14.19%	26.93%	21.08%	42.38%	51.47%
Effective Tax Rate	-	-	0.10%	0.04%	0.00%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q