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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,237	1,265	949.27	1,437	1,427	693.24
Revenue Growth (YoY)	25.60%	33.31%	-33.95%	0.68%	105.91%	-15.60%
Cost of Revenue	726.64	682.82	554.52	616.45	497.18	450.48
Gross Profit	510.08	582.64	394.75	820.71	930.25	242.76
Selling, General & Admin	75.34	70.78	54.41	56.83	39.5	31.88
Other Operating Expenses	-0.45	6.69	5.19	-2.58	2.74	0.39
Operating Expenses	250.22	241.83	198.33	211.66	195.51	174.93
Operating Income	259.86	340.8	196.41	609.05	734.74	67.83
Interest Expense	-90.49	-92.75	-73.27	-51.41	-54.32	-67.04
Interest & Investment Income	18.56	16.38	15.23	7.05	0.32	0.27
Earnings From Equity Investments	-0.01	-0	0.06	0.11	0.12	0.04
Currency Exchange Gain (Loss)	0.1	0.1	-	-	-	-
Other Non Operating Income (Expenses)	3.6	-5.07	-2.92	-2.62	1.84	13.64
EBT Excluding Unusual Items	191.63	259.46	135.51	562.18	682.7	14.74
Gain (Loss) on Sale of Assets	33.78	43.29	29.4	-	-	-
Asset Writedown	-1.8	-1.8	-17.84	-	-	-
Other Unusual Items	-0.4	-1.14	-7.25	4.06	-2.16	-4.92
Pretax Income	230.25	304.54	173.74	566.24	680.55	9.81
Income Tax Expense	-0.01	-0.12	0.18	0.24	0.02	0.15
Net Income	230.26	304.65	173.56	566	680.53	9.66
Net Income to Common	230.26	304.65	173.56	566	680.53	9.66
Net Income Growth	13.69%	75.54%	-69.34%	-16.83%	6944.82%	-
Shares Outstanding (Basic)	115	107	98	102	101	96
Shares Outstanding (Diluted)	117	109	99	103	101	96
Shares Change (YoY)	24.32%	9.88%	-3.52%	1.04%	5.40%	2.72%
EPS (Basic)	2.00	2.85	1.76	5.54	6.73	0.10
EPS (Diluted)	1.96	2.80	1.75	5.52	6.71	0.10
EPS Growth	-8.70%	60.00%	-68.30%	-17.73%	6610.00%	-
Free Cash Flow	365.03	416.06	317.69	744.5	636.92	98.49
Free Cash Flow Per Share	3.12	3.83	3.21	7.26	6.28	1.02
Dividend Per Share	1.440	2.140	1.420	5.100	4.250	-
Dividend Growth	-20.88%	50.70%	-72.16%	20.00%	-	-
Gross Margin	41.24%	46.04%	41.58%	57.11%	65.17%	35.02%
Operating Margin	21.01%	26.93%	20.69%	42.38%	51.47%	9.79%
Profit Margin	18.62%	24.07%	18.28%	39.38%	47.67%	1.39%
Free Cash Flow Margin	29.52%	32.88%	33.47%	51.80%	44.62%	14.21%
EBITDA	434.88	504.86	334.84	765.78	887.19	208.94
EBITDA Margin	35.16%	39.90%	35.27%	53.29%	62.15%	30.14%
D&A For EBITDA	175.02	164.06	138.43	156.73	152.45	141.11
EBIT	259.86	340.8	196.41	609.05	734.74	67.83
EBIT Margin	21.01%	26.93%	20.69%	42.38%	51.47%	9.79%
Effective Tax Rate	-	-	0.10%	0.04%	0.00%	1.55%

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

SEC Filings: 10-K · 10-Q