Star Bulk Carriers Corp. logo
Star Bulk Carriers Corp. SBLK
$ 30.73 1.4%
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Quarterly report 2026-Q2
added 08-07-2026

Star Bulk Carriers Corp. Income Statement 2025-2008 | SBLK

Brief overview of revenue and earnings at Star Bulk Carriers Corp.

The comparison covers a five-year financial horizon. Revenue at Star Bulk Carriers Corp. moved from 693 million dollars in 2020 to 1 billion dollars in 2025. Across the full period, sales moved by +50.4%; the average annual rate was 8.5%. The company expanded at a measured pace.

EBITDA changed from 226 million dollars to 305 million dollars (+34.9%). Operating performance weakened relative to revenue. Comparing the endpoints gives EBITDA margins of 32.6% and 29.3%. Operating return per unit of revenue declined.

Net income changed from 9.7 million dollars to 84.2 million dollars (+771.4%). Revenue converted into net income more efficiently.

Market value was $1.3 billion at the start and $2.6 billion at the end. Capitalization grew more slowly than the underlying results.

Overall conclusion

Positive developments coexist with areas of weakness. Key strengths include improving net profitability and revenue expansion. Caution is warranted because of weaker operating efficiency. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement Star Bulk Carriers Corp.

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

2.56 B 1.4 B 2.33 B 1.88 B 3.04 B 1.33 B 795 M 555 M 778 M 405 M 82.2 M 234 M 166 M 37.1 M 83.1 M 815 M - -

Shares

115 M 107 M 98.5 M 102 M 101 M 96.1 M 93.7 M 77.1 M 63 M 47.6 M 39.1 M 11.7 M 2.81 M 1.08 M 947 K 4.1 M - -

Historical Prices

22.2 13.1 23.6 18.4 30.1 13.9 8.49 7.2 12.3 9.13 3.02 22.5 60.2 28 66.4 199 382 1.03 K

Net Income

84.2 M 305 M 174 M 566 M 681 M 9.66 M -16.2 M 58.4 M -9.77 M -154 M -458 M -11.7 M 1.85 M -315 M -69.6 M -5.13 M -58.4 M -

Revenue

1.04 B 1.27 B 949 M 1.44 B 1.43 B 693 M 821 M 652 M 332 M 222 M 234 M 147 M 69.9 M 86.2 M 107 M 121 M 142 M -

Gross Profit

- - - - - 98.4 M 112 M 185 M 66.1 M -41.7 M -57.9 M 9.28 M 15.7 M 24 K 56.3 M - - -

Operating Income

137 M 383 M 238 M 608 M 739 M 84 M 73.7 M 132 M 38.8 M -109 M -426 M -1.43 M 8.34 M -307 M -64.8 M 260 K -49.3 M -

Interest Expense

71.2 M 91.8 M 71.3 M 52.6 M 56 M 69.6 M 87.6 M 73.7 M 50.5 M 40.4 M 36 M 15.4 M - - - - - -

EBITDA

305 M 547 M 377 M 764 M 892 M 226 M 198 M 235 M 121 M 17.5 M 1.17 M 23.7 M 25.6 M 33.6 M 47.5 M 47.2 M 8.99 M -

Operating Expenses

- - - - - 29 M 34 M 34.7 M 28 M 23 M 23 M 22.7 M 6.12 M 5.81 M 59 M 121 M 192 M -

General and Administrative Expenses

70.5 M 70.8 M 54.4 M 56.8 M 39.5 M 31.9 M 34.8 M 34 M 31 M 24.6 M 23.6 M 32.7 M 9.91 M 9.32 M - 15.4 M 8.74 M -

All numbers in USD currency

Quarterly Income Statement Star Bulk Carriers Corp.

2026-Q2 2025-Q4 2025-Q2 2024-Q4 2024-Q2 2023-Q4 2023-Q2 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2009-Q4 2008-Q4

Shares

111 M 115 M 117 M 107 M 96.7 M 98.5 M 103 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4.1 M - -

Net Income

203 M 84.2 M 501 K 305 M 181 M 174 M 90.2 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -5.13 M -58.4 M -

Revenue

639 M 1.04 B 478 M 1.27 B 612 M 949 M 463 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 121 M 142 M -

Operating Income

225 M 137 M 28.3 M 383 M 222 M 238 M 117 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 260 K -49.3 M -

Interest Expense

25.3 M 71.2 M 38.1 M 91.8 M 46.1 M 71.3 M 31.7 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

305 M 305 M 114 M 547 M 297 M 377 M 187 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 47.2 M 8.99 M -

Operating Expenses

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 121 M 192 M -

General and Administrative Expenses

30.5 M 70.5 M 33.5 M 70.8 M 30.2 M 54.4 M 22.7 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 15.4 M 8.74 M -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Star Bulk Carriers Corp. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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