What is Star Bulk Carriers Corp.'s earnings per share (EPS)?

Star Bulk Carriers Corp. (SBLK) reported diluted earnings per share of $1.75 for fiscal year 2025. This represents a -37.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Star Bulk Carriers Corp. Financials

SBLK

Source SEC Filings (10-K/10-Q) Updated Mar 19, 2026 Currency USD FYE March

This page shows Star Bulk Carriers Corp. (SBLK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 56/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Star Bulk Carriers Corp. has an operating margin of 25.1%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is down from 30.3% the prior year.

Growth

Star Bulk Carriers Corp.'s revenue declined 25% year-over-year, from $1.3B to $949.3M. This contraction results in a growth score of 0/100.

Leverage

100

Star Bulk Carriers Corp. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Star Bulk Carriers Corp.'s current ratio of 1.65 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 29/100, which could limit financial flexibility.

Cash Flow

100

Star Bulk Carriers Corp. converts 33.5% of revenue into free cash flow ($317.7M). This strong cash generation earns a score of 100/100.

Returns

Star Bulk Carriers Corp. generates a 7.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 27/100. This is down from 12.3% the prior year.

Altman Z-Score Distress

1.31

Star Bulk Carriers Corp. scores 1.31, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.7B) relative to total liabilities ($1.6B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

4/9

Star Bulk Carriers Corp. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.93x

For every $1 of reported earnings, Star Bulk Carriers Corp. generates $1.93 in operating cash flow ($335.8M OCF vs $173.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.3x

Star Bulk Carriers Corp. earns $3.3 in operating income for every $1 of interest expense ($238.5M vs $71.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$949.3M

YoY-25.0%

5Y CAGR+6.5%

10Y CAGR+15.0%

Star Bulk Carriers Corp. generated $949.3M in revenue in fiscal year 2025. This represents a decrease of 25.0% from the prior year.

EBITDA

$376.9M

YoY-31.1%

5Y CAGR+10.7%

Star Bulk Carriers Corp.'s EBITDA was $376.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 31.1% from the prior year.

Net Income

$173.6M

YoY-43.0%

5Y CAGR+78.2%

Star Bulk Carriers Corp. reported $173.6M in net income in fiscal year 2025. This represents a decrease of 43.0% from the prior year.

EPS (Diluted)

$1.75

YoY-37.5%

5Y CAGR+77.3%

Star Bulk Carriers Corp. earned $1.75 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 37.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$317.7M

YoY-23.6%

5Y CAGR+26.4%

Star Bulk Carriers Corp. generated $317.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 23.6% from the prior year.

Cash & Debt

$425.1M

YoY+0.0%

5Y CAGR+18.3%

10Y CAGR+7.4%

Star Bulk Carriers Corp. held $425.1M in cash against $9.8M in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.57

YoY-37.2%

5Y CAGR+99.2%

Star Bulk Carriers Corp. paid $1.57 per share in dividends in fiscal year 2025. This represents a decrease of 37.2% from the prior year.

Shares Outstanding

113M

YoY-3.6%

5Y CAGR+3.1%

Star Bulk Carriers Corp. had 113M shares outstanding in fiscal year 2025. This represents a decrease of 3.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

25.1%

YoY-5.2pp

5Y CAGR+13.0pp

10Y CAGR+206.8pp

Star Bulk Carriers Corp.'s operating margin was 25.1% in fiscal year 2025, reflecting core business profitability. This is down 5.2 percentage points from the prior year.

Net Margin

18.3%

YoY-5.8pp

5Y CAGR+16.9pp

10Y CAGR+213.8pp

Star Bulk Carriers Corp.'s net profit margin was 18.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.8 percentage points from the prior year.

Return on Equity

7.0%

YoY-5.3pp

5Y CAGR+6.4pp

10Y CAGR+47.4pp

Star Bulk Carriers Corp.'s ROE was 7.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$393.1M

YoY+1453.5%

Star Bulk Carriers Corp. spent $393.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1453.5% from the prior year.

Capital Expenditures

$18.1M

YoY-67.2%

5Y CAGR-24.2%

10Y CAGR-27.9%

Star Bulk Carriers Corp. invested $18.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 67.2% from the prior year.

SBLK Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$949.3M-25.0%	$1.3B+33.3%	$949.3M-33.9%	$1.4B+0.7%	$1.4B+105.9%	$693.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$54.4M-23.1%	$70.8M+30.1%	$54.4M-4.2%	$56.8M+43.9%	$39.5M+23.9%	$31.9M
Operating Income	$238.5M-37.7%	$383.0M+60.6%	$238.5M-60.8%	$607.6M-17.8%	$739.4M+780.4%	$84.0M
Interest Expense	$71.3M-22.3%	$91.8M+28.8%	$71.3M+35.6%	$52.6M-6.2%	$56.0M-19.4%	$69.6M
Income Tax	$183K+257.8%	-$116K-163.4%	$183K-25.0%	$244K+1425.0%	$16K-89.5%	$152K
Net Income	$173.6M-43.0%	$304.7M+75.5%	$173.6M-69.3%	$566.0M-16.8%	$680.5M+6944.8%	$9.7M
EPS (Diluted)	$1.75-37.5%	$2.80+60.0%	$1.75-68.3%	$5.52-17.7%	$6.71+6610.0%	$0.10

Metric	Q1'26	Q3'25	Q1'25	Q3'24	Q1'24	Q3'23	Q1'23	Q3'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SBLK Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.1B0.0%	$4.1B+34.9%	$3.0B-11.8%	$3.4B-8.6%	$3.8B+17.6%	$3.2B
Current Assets	$659.0M0.0%	$659.0M+45.0%	$454.4M-9.5%	$502.1M-26.5%	$682.9M+122.2%	$307.4M
Cash & Equivalents	$425.1M0.0%	$425.1M+86.9%	$227.5M-15.7%	$269.8M-40.1%	$450.3M+145.8%	$183.2M
Inventory	$78.6M0.0%	$78.6M+26.0%	$62.4M-7.1%	$67.2M-10.5%	$75.1M+58.7%	$47.3M
Accounts Receivable	$79.3M0.0%	$79.3M+15.6%	$68.6M-18.3%	$84.0M+3.7%	$81.1M+112.8%	$38.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.6B0.0%	$1.6B+17.3%	$1.4B-3.3%	$1.4B-15.6%	$1.7B+2.0%	$1.6B
Current Liabilities	$399.8M0.0%	$399.8M+11.3%	$359.4M+27.2%	$282.6M-2.8%	$290.8M+9.1%	$266.4M
Long-Term Debt	$9.8M	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.5B0.0%	$2.5B+49.5%	$1.7B-17.8%	$2.0B-2.9%	$2.1B+34.2%	$1.5B
Retained Earnings	-$605.6M0.0%	-$605.6M+4.4%	-$633.2M+2.4%	-$648.7M-18.8%	-$546.3M+45.2%	-$996.3M

Metric	Q1'26	Q3'25	Q1'25	Q3'24	Q1'24	Q3'23	Q1'23	Q3'22
Total Assets	$3.9B-4.7%	$4.1B-3.6%	$4.2B+39.9%	$3.0B-7.8%	$3.3B-4.3%	$3.4B-5.7%	$3.6B-3.1%	$3.8B
Current Assets	$632.0M-4.1%	$659.0M-8.8%	$722.8M+59.1%	$454.4M-6.7%	$487.1M-3.0%	$502.1M-20.5%	$631.5M-7.5%	$682.9M
Cash & Equivalents	$395.6M-6.9%	$425.1M-8.1%	$462.6M+103.3%	$227.5M-20.3%	$285.2M+5.7%	$269.8M-19.7%	$335.8M-25.4%	$450.3M
Inventory	$73.6M-6.4%	$78.6M-3.8%	$81.7M+30.9%	$62.4M-4.1%	$65.0M-3.2%	$67.2M-31.2%	$97.7M+30.1%	$75.1M
Accounts Receivable	$70.3M-11.4%	$79.3M-13.2%	$91.3M+33.1%	$68.6M+14.9%	$59.7M-28.9%	$84.0M-10.1%	$93.4M+15.3%	$81.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B-7.1%	$1.6B-9.9%	$1.8B+30.1%	$1.4B+5.9%	$1.3B-8.6%	$1.4B-7.9%	$1.5B-8.4%	$1.7B
Current Liabilities	$393.7M-1.5%	$399.8M-16.2%	$477.2M+32.8%	$359.4M+9.1%	$329.5M+16.6%	$282.6M-7.3%	$304.9M+4.8%	$290.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.4B-3.2%	$2.5B+1.0%	$2.5B+48.1%	$1.7B-16.7%	$2.0B-1.3%	$2.0B-4.1%	$2.1B+1.2%	$2.1B
Retained Earnings	-$621.2M-2.6%	-$605.6M-5.3%	-$575.1M+9.2%	-$633.2M+3.6%	-$656.7M-1.2%	-$648.7M-17.8%	-$550.8M-0.8%	-$546.3M

SBLK Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$335.8M-28.7%	$471.2M+40.3%	$335.8M-56.4%	$769.9M+0.4%	$767.1M+349.8%	$170.6M
Capital Expenditures	$18.1M-67.2%	$55.1M+204.5%	$18.1M-28.8%	$25.4M-80.5%	$130.1M+80.6%	$72.1M
Free Cash Flow	$317.7M-23.6%	$416.1M+31.0%	$317.7M-57.3%	$744.5M+16.9%	$636.9M+546.7%	$98.5M
Investing Cash Flow	$235.5M-33.9%	$356.2M+51.2%	$235.5M+1228.4%	-$20.9M+82.8%	-$121.3M-82.8%	-$66.3M
Financing Cash Flow	-$595.9M+8.1%	-$648.2M-8.8%	-$595.9M+36.3%	-$936.0M-154.3%	-$368.1M-953.2%	-$34.9M
Dividends Paid	$158.1M-42.9%	$277.0M+75.3%	$158.1M-76.4%	$668.5M+190.0%	$230.5M+4697.5%	$4.8M
Share Buybacks	$393.1M+1453.5%	$25.3M-93.6%	$393.1M+1858.9%	$20.1M+95.3%	$10.3M	$0

Metric	Q1'26	Q3'25	Q1'25	Q3'24	Q1'24	Q3'23	Q1'23	Q3'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SBLK Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	25.1%-5.2pp	30.3%+5.2pp	25.1%-17.2pp	42.3%-9.5pp	51.8%+39.7pp	12.1%
Net Margin	18.3%-5.8pp	24.1%+5.8pp	18.3%-21.1pp	39.4%-8.3pp	47.7%+46.3pp	1.4%
Return on Equity	7.0%-5.3pp	12.3%+1.8pp	10.4%-17.6pp	28.0%-4.7pp	32.7%+32.1pp	0.6%
Return on Assets	4.3%-3.2pp	7.5%+1.7pp	5.7%-10.8pp	16.5%-1.6pp	18.1%+17.8pp	0.3%
Current Ratio	1.650.0	1.65+0.4	1.26-0.5	1.78-0.6	2.35+1.2	1.15
Debt-to-Equity	0.00-0.6	0.65-0.2	0.82+0.1	0.70-0.1	0.81-0.3	1.06
FCF Margin	33.5%+0.6pp	32.9%-0.6pp	33.5%-18.3pp	51.8%+7.2pp	44.6%+30.4pp	14.2%

Metric	Q1'26	Q3'25	Q1'25	Q3'24	Q1'24	Q3'23	Q1'23	Q3'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.61-0.0	1.65+0.1	1.51+0.3	1.26-0.2	1.48-0.3	1.78-0.3	2.07-0.3	2.35
Debt-to-Equity	0.62-0.0	0.65-0.1	0.72-0.1	0.82+0.2	0.65-0.1	0.70-0.0	0.73-0.1	0.81
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Star Bulk Carriers Corp.'s annual revenue?

Star Bulk Carriers Corp. (SBLK) reported $949.3M in total revenue for fiscal year 2025. This represents a -25.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Star Bulk Carriers Corp.'s revenue growing?

Star Bulk Carriers Corp. (SBLK) revenue declined by 25% year-over-year, from $1.3B to $949.3M in fiscal year 2025.

Is Star Bulk Carriers Corp. profitable?

Yes, Star Bulk Carriers Corp. (SBLK) reported a net income of $173.6M in fiscal year 2025, with a net profit margin of 18.3%.

What is Star Bulk Carriers Corp.'s EBITDA?

Star Bulk Carriers Corp. (SBLK) had EBITDA of $376.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Star Bulk Carriers Corp. have?

As of fiscal year 2025, Star Bulk Carriers Corp. (SBLK) had $425.1M in cash and equivalents against $9.8M in long-term debt.

What is Star Bulk Carriers Corp.'s operating margin?

Star Bulk Carriers Corp. (SBLK) had an operating margin of 25.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Star Bulk Carriers Corp.'s net profit margin?

Star Bulk Carriers Corp. (SBLK) had a net profit margin of 18.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Star Bulk Carriers Corp. pay dividends?

Yes, Star Bulk Carriers Corp. (SBLK) paid $1.57 per share in dividends during fiscal year 2025.

What is Star Bulk Carriers Corp.'s return on equity (ROE)?

Star Bulk Carriers Corp. (SBLK) has a return on equity of 7.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Star Bulk Carriers Corp.'s free cash flow?

Star Bulk Carriers Corp. (SBLK) generated $317.7M in free cash flow during fiscal year 2025. This represents a -23.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Star Bulk Carriers Corp.'s operating cash flow?

Star Bulk Carriers Corp. (SBLK) generated $335.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Star Bulk Carriers Corp.'s total assets?

Star Bulk Carriers Corp. (SBLK) had $4.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Star Bulk Carriers Corp.'s capital expenditures?

Star Bulk Carriers Corp. (SBLK) invested $18.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Star Bulk Carriers Corp. buy back shares?

Yes, Star Bulk Carriers Corp. (SBLK) spent $393.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Star Bulk Carriers Corp. have outstanding?

Star Bulk Carriers Corp. (SBLK) had 113M shares outstanding as of fiscal year 2025.

What is Star Bulk Carriers Corp.'s current ratio?

Star Bulk Carriers Corp. (SBLK) had a current ratio of 1.65 as of fiscal year 2025, which is generally considered healthy.

What is Star Bulk Carriers Corp.'s debt-to-equity ratio?

Star Bulk Carriers Corp. (SBLK) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Star Bulk Carriers Corp.'s return on assets (ROA)?

Star Bulk Carriers Corp. (SBLK) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Star Bulk Carriers Corp.'s Altman Z-Score?

Star Bulk Carriers Corp. (SBLK) has an Altman Z-Score of 1.31, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Star Bulk Carriers Corp.'s Piotroski F-Score?

Star Bulk Carriers Corp. (SBLK) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Star Bulk Carriers Corp.'s earnings high quality?

Star Bulk Carriers Corp. (SBLK) has an earnings quality ratio of 1.93x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Star Bulk Carriers Corp. cover its interest payments?

Star Bulk Carriers Corp. (SBLK) has an interest coverage ratio of 3.3x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Star Bulk Carriers Corp.?

Star Bulk Carriers Corp. (SBLK) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.