Financial health
- Total debt ($549M) exceeds cash ($142M); net debt is $407M.
- Operating income covered interest expense 2.3× in the latest year.
- Total debt is 7.8× EBITDA.
SB Financials SAFE BULKERS, INC.
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $39M | — | — | 4.6% | 2.7% | — | $549M | $142M |
| 2024 | — | $97M | — | — | 11.7% | 6.9% | — | $546M | $81M |
| 2023 | — | $77M | — | — | 9.8% | 5.8% | — | $516M | $48M |
| 2022 | — | $173M | — | — | 22.4% | 13.8% | — | $423M | $49M |
| 2021 | — | $174M | — | — | 25.7% | 15.9% | — | $360M | $101M |
| 2020 | — | -$13M | — | — | -2.9% | -1.2% | — | $616M | $90M |
| 2019 | — | $16M | — | — | 3.4% | 1.4% | — | $606M | $79M |
| 2018 | — | $28M | — | — | 5.9% | 2.6% | — | $580M | $52M |
| 2017 | — | -$85M | — | — | -18.6% | -8.2% | — | $572M | $46M |
| 2016 | — | -$56M | — | — | -9.7% | -4.8% | — | $588M | $82M |
| 2015 | — | -$48M | — | — | -7.6% | -3.7% | — | $672M | $131M |
| 2014 | — | $15M | — | — | 2.1% | 1.2% | — | $470M | $107M |
| 2013 | — | $83M | — | — | 14.4% | 7.5% | — | $508M | $65M |
| 2012 | — | $96M | — | — | 22.6% | 8.9% | — | $616M | $103M |
| 2011 | — | $90M | — | — | 27.0% | 10.2% | — | $484M | $28M |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Dec '21 | — | $65M | — | — | 9.6% | 6.0% | — | $360M | $101M |
| Sep '21 | — | $55M | — | — | 9.0% | 5.2% | — | $419M | $95M |
| Dec '20 | — | $8M | — | — | 1.7% | 0.7% | — | $616M | $90M |
| Sep '20 | — | $3M | — | — | 0.8% | — | — | — | $64M |
| Dec '16 | — | -$5M | — | — | -0.8% | -0.4% | — | $588M | $82M |
| Sep '16 | — | -$25M | — | — | -4.3% | -2.1% | — | $590M | $59M |
| Dec '15 | — | -$30M | — | — | -4.7% | -2.3% | — | $672M | $131M |
| Sep '15 | — | -$8M | — | — | -1.1% | — | — | — | $141M |
| Dec '13 | — | $31M | — | — | 5.4% | 2.8% | — | $508M | $65M |
| Dec '12 | — | $32M | — | — | 7.6% | 3.0% | — | $616M | $103M |
Valuation over time
How the market has priced SB against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 2.2× (Mar '23) to 24.1× (Sep '26).
P/E
Frequently asked questions
Is SB growing its revenue and profit?
See the revenue and net-income charts above for SAFE BULKERS, INC.'s multi-year trend.
How much debt does SB have?
As of FY2025, SAFE BULKERS, INC. reported $549M of total debt against $142M of cash; operating income covered interest expense 2.3×.
What is SB's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is SB's P/E ratio?
As of Sep '26, SAFE BULKERS, INC. traded at a price-to-earnings ratio of about 24.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.