Safe Bulkers, Inc. (SB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Sales/Revenue | 72.57M | 73.08M | 65.75M | 64.35M | 71.49M | 75.92M | 78.55M | 81.67M | 82.29M | 64.65M | 70.62M | 66.84M | 86.66M | 93.71M | 91.6M | 77.75M | 92.44M | 92.49M | 81.58M | 62.52M |
| Revenue Growth % | 1.51% | -3.75% | -16.3% | -21.21% | -13.12% | 17.44% | 11.23% | 22.18% | -5.04% | -31.01% | -22.91% | -14.02% | -6.26% | 1.32% | 12.29% | 24.36% | 76.99% | 78.1% | 68.97% | 36.76% |
| Cost of Goods Sold | 42.06M | 44.28M | 47.56M | 42.77M | 38.62M | 42.21M | 44.1M | 42.52M | 39.4M | 41.43M | 43.33M | 40.84M | 37.52M | 34.22M | 31.95M | 36.01M | 32.26M | 31.47M | 34.84M | 35.59M |
| COGS % of Revenue | 57.96% | 60.6% | 72.34% | 66.47% | 54.03% | 55.59% | 56.15% | 52.07% | 47.87% | 64.09% | 61.36% | 61.09% | 43.3% | 36.51% | 34.88% | 46.32% | 34.9% | 34.03% | 42.71% | 56.92% |
| Gross Profit | 30.51M | 28.79M | 18.19M | 21.57M | 32.87M | 33.71M | 34.44M | 39.14M | 42.89M | 23.22M | 27.28M | 26.01M | 49.14M | 59.5M | 59.65M | 41.74M | 60.18M | 61.02M | 46.74M | 26.93M |
| Gross Margin % | 42.04% | 39.4% | 27.66% | 33.53% | 45.97% | 44.41% | 43.85% | 47.93% | 52.13% | 35.91% | 38.64% | 38.91% | 56.7% | 63.49% | 65.12% | 53.68% | 65.1% | 65.97% | 57.29% | 43.08% |
| Gross Profit Growth % | -7.18% | -14.6% | -47.19% | -44.89% | -23.37% | 45.21% | 26.24% | 50.5% | -12.71% | -60.98% | -54.26% | -37.68% | -18.35% | -2.49% | 27.63% | 54.98% | 229.41% | 332.55% | 2753.95% | 1576.84% |
| Operating Expenses | 7.96M | 7.54M | 7.7M | 6.66M | 8.23M | 7M | 6.59M | 6.48M | 6.23M | 5.9M | 5.75M | 5.89M | 5.82M | 5.41M | 5.16M | 5.41M | 5.47M | 5.93M | 5.62M | 5.48M |
| OpEx % of Revenue | 10.96% | 10.32% | 11.71% | 10.35% | 11.51% | 9.21% | 8.39% | 7.93% | 7.57% | 9.12% | 8.14% | 8.81% | 6.71% | 5.78% | 5.63% | 6.96% | 5.92% | 6.41% | 6.89% | 8.76% |
| Selling, General & Admin | 7.96M | 7.54M | 7.7M | 6.66M | 6.97M | 7M | 6.59M | 6.48M | 6.23M | 5.9M | 5.75M | 5.89M | 5.82M | 5.41M | 5.16M | 5.41M | 5.47M | 5.93M | 5.62M | 5.48M |
| SG&A % of Revenue | 10.96% | 10.32% | 11.71% | 10.35% | 9.74% | 9.21% | 8.39% | 7.93% | 7.57% | 9.12% | 8.14% | 8.81% | 6.71% | 5.78% | 5.63% | 6.96% | 5.92% | 6.41% | 6.89% | 8.76% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 22.55M | 21.25M | 10.49M | 14.92M | 24.64M | 26.72M | 27.85M | 32.66M | 36.67M | 17.32M | 21.54M | 20.12M | 43.32M | 54.09M | 54.49M | 36.33M | 54.71M | 55.09M | 41.12M | 21.45M |
| Operating Margin % | 31.08% | 29.08% | 15.96% | 23.18% | 34.47% | 35.19% | 35.46% | 40% | 44.56% | 26.79% | 30.5% | 30.1% | 49.99% | 57.71% | 59.48% | 46.72% | 59.18% | 59.56% | 50.4% | 34.31% |
| Operating Income Growth % | -8.47% | -20.47% | -62.33% | -54.34% | -32.8% | 54.28% | 29.32% | 62.34% | -15.36% | -67.98% | -60.48% | -44.61% | -20.81% | -1.83% | 32.52% | 69.34% | 342.93% | 538.61% | 688.16% | 711.31% |
| EBITDA | 37.53M | 36.35M | 25.6M | 29.6M | 39.62M | 41.39M | 41.99M | 47.02M | 50.88M | 31.05M | 34.7M | 33.13M | 56.36M | 67.03M | 66.72M | 47.63M | 67.92M | 67.92M | 54.12M | 34.77M |
| EBITDA Margin % | 51.72% | 49.74% | 38.94% | 46.01% | 55.41% | 54.51% | 53.46% | 57.57% | 61.83% | 48.03% | 49.14% | 49.57% | 65.03% | 71.53% | 72.83% | 61.26% | 73.47% | 73.43% | 66.35% | 55.62% |
| EBITDA Growth % | -5.25% | -12.17% | -39.03% | -37.04% | -22.14% | 33.28% | 21% | 41.91% | -9.71% | -53.68% | -47.98% | -30.44% | -17.02% | -1.3% | 23.27% | 36.97% | 158.98% | 202.44% | 736.8% | 262.32% |
| D&A (Non-Cash Add-back) | 14.98M | 15.1M | 15.11M | 14.69M | 14.97M | 14.67M | 14.14M | 14.35M | 14.22M | 13.73M | 13.17M | 13.01M | 13.04M | 12.95M | 12.23M | 11.31M | 13.21M | 12.82M | 13.01M | 13.32M |
| EBIT | 20.12M | 26.31M | 10.33M | 15.61M | 28.16M | 33.58M | 35.98M | 34.61M | 35.59M | 22.07M | 22.05M | 25.59M | 41.66M | 56.54M | 54.48M | 40.37M | 69.53M | 59.79M | 37.3M | 26.14M |
| Net Interest Income | -6.64M | -7.38M | -7.53M | -7.14M | -7.77M | -7.74M | -7.6M | -8.45M | -7.15M | -6.18M | -6.21M | -5.91M | -6.3M | -5.32M | -4.11M | -3.99M | -4.31M | -4.4M | -4.84M | -4.79M |
| Interest Income | 1.64M | 1.15M | 1.11M | 1.23M | 1.03M | 725K | 782K | 861K | 830K | 841K | 455K | 371K | 487K | 237K | 44K | 15K | 6K | 11K | 19K | 33K |
| Interest Expense | 8.28M | 8.53M | 8.63M | 8.37M | 8.8M | 8.46M | 8.38M | 9.31M | 7.98M | 7.02M | 6.66M | 6.28M | 6.79M | 5.55M | 4.15M | 4.01M | 4.32M | 4.41M | 4.86M | 4.82M |
| Other Income/Expense | -10.71M | -3.46M | -8.79M | -7.67M | -5.28M | -1.59M | -256K | -7.37M | -9.06M | -2.27M | -6.15M | -810K | -8.45M | -3.1M | -4.16M | 40K | 10.5M | 286K | -8.67M | -133K |
| Pretax Income | 11.84M | 17.78M | 1.7M | 7.25M | 19.36M | 25.12M | 27.59M | 25.3M | 27.61M | 15.04M | 15.38M | 19.31M | 34.87M | 50.99M | 50.33M | 36.37M | 65.2M | 55.38M | 32.45M | 21.32M |
| Pretax Margin % | 16.31% | 24.34% | 2.58% | 11.26% | 27.08% | 33.09% | 35.13% | 30.98% | 33.55% | 23.27% | 21.79% | 28.89% | 40.24% | 54.41% | 54.94% | 46.77% | 70.54% | 59.87% | 39.77% | 34.1% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 11.84M | 17.78M | 1.7M | 7.25M | 19.36M | 25.12M | 27.59M | 25.3M | 27.61M | 15.04M | 15.38M | 19.31M | 34.87M | 50.99M | 50.33M | 36.37M | 65.2M | 55.38M | 32.45M | 21.32M |
| Net Margin % | 16.31% | 24.34% | 2.58% | 11.26% | 27.08% | 33.09% | 35.13% | 30.98% | 33.55% | 23.27% | 21.79% | 28.89% | 40.24% | 54.41% | 54.94% | 46.77% | 70.54% | 59.87% | 39.77% | 34.1% |
| Net Income Growth % | -38.86% | -29.21% | -93.85% | -71.36% | -29.88% | 66.99% | 79.37% | 31% | -20.82% | -70.49% | -69.43% | -46.9% | -46.52% | -7.93% | 55.12% | 70.58% | 756.38% | 1572.58% | 333.74% | 314.27% |
| Net Income (Continuing) | 11.84M | 17.78M | 1.7M | 7.25M | 19.36M | 25.12M | 27.59M | 25.3M | 27.61M | 15.04M | 15.38M | 19.31M | 34.87M | 50.99M | 50.33M | 36.37M | 65.2M | 55.38M | 32.45M | 21.32M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.10 | 0.15 | -0.00 | 0.05 | 0.16 | 0.22 | 0.24 | 0.21 | 0.23 | 0.12 | 0.12 | 0.07 | 0.28 | 0.42 | 0.41 | 0.30 | 0.51 | 0.44 | 0.27 | 0.18 |
| EPS Growth % | -39.94% | -31.82% | -101.21% | -76.19% | -30.43% | 83.33% | 100% | 190.06% | -17.86% | -71.43% | -70.73% | -75.87% | -45.1% | -4.55% | 51.85% | 66.67% | 1175% | - | 307.69% | 287.11% |
| EPS (Basic) | 0.10 | 0.15 | -0.00 | 0.05 | 0.16 | 0.22 | 0.24 | 0.21 | 0.23 | 0.12 | 0.12 | 0.07 | 0.28 | 0.42 | 0.41 | 0.30 | 0.51 | 0.44 | 0.27 | 0.18 |
| Diluted Shares Outstanding | 102.33M | 102.32M | 102.48M | 105.06M | 106.35M | 106.77M | 106.77M | 110.39M | 111.61M | 111.6M | 112.95M | 118.41M | 118.94M | 120.43M | 121.63M | 121.65M | 121.64M | 119.89M | 109.7M | 103.36M |
| Basic Shares Outstanding | 102.33M | 102.32M | 102.48M | 105.06M | 106.35M | 106.77M | 106.77M | 110.39M | 111.61M | 111.6M | 112.95M | 118.41M | 118.94M | 120.43M | 121.63M | 121.65M | 121.64M | 119.89M | 109.7M | 103.36M |
| Dividend Payout Ratio | - | - | - | - | 152.39% | - | - | - | 111.11% | - | - | - | 96.42% | - | - | - | 4.21% | 4.96% | 17.58% | - |