SBLKNasdaqDeep Sea Foreign Transportation of FreightFiscal year ends December 31
Star Bulk Carriers Corp.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 19, 2026
$28.08+0.29 (+1.04%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 38.5
- Dividend yield
- 1.07%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
13.1%+1.0 pts over 5 years
Net margin
8.1%+6.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -17.6% | -10.1% | +8.5% | +16.1% | |
| Operating income | -64.3% | -39.2% | +10.3% | – | |
| Net income | -72.4% | -47.0% | +54.2% | – | |
| EPS, diluted | -73.9% | -49.1% | +48.8% | – | |
| Free cash flow | -49.1% | -34.2% | +16.6% | – | |
| Dividend per share | -88.0% | -64.1% | +43.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -14.2% | 0.6% | 3.4% | |
| Return on assets | -7.4% | 0.3% | 2.1% | |
| Current ratio | 8.12 | 1.15 | 1.78 | |
| Interest coverage | -2.7× | 1.2× | 1.9× | |
| Capex to revenue | 178.4% | 10.4% | 8.1% | |
| Diluted shares | 48M | 96M | 115M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Star Bulk Carriers generated $2.64B from operations and spent $2.23B on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
Generated
$2.64B
Used
$2.23B
Capital expenditure$312.72M14%Dividends$1.37B61%Share buybacks$546.89M25%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.1%
×Asset turnover0.26×
×Equity multiplier1.60×
=Return on equity, FY20253.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 8.1% | 0.26× | 1.60× | 3.4% |
| FY2024 | 24.1% | 0.36× | 1.72× | 14.7% |
| FY2023 | 18.3% | 0.29× | 1.76× | 9.4% |
| FY2022 | 39.4% | 0.40× | 1.75× | 27.6% |
| FY2021 | 47.7% | 0.41× | 1.91× | 37.5% |
| FY2020 | 1.4% | 0.22× | 2.08× | 0.6% |
| FY2019 | -2.0% | 0.26× | 2.04× | -1.1% |
| FY2018 | 9.0% | 0.25× | 1.98× | 4.5% |
| FY2017 | -2.9% | 0.16× | 1.96× | -0.9% |
| FY2016 | -69.4% | 0.11× | 1.92× | -14.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$84.17M
- Cash generatingOperating cash flow above zero$295.94M
- Return on assets improvedROA up on the prior year10.1% → 2.1%
- Earnings backed by cashOperating cash flow above net income$295.94M vs $84.17M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.65 → 1.78
- No dilutionShare count did not rise109M → 115M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.42 → 0.26