MARKETS / NASDAQ / SBLK

NASDAQ · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · LARGE CAP

Star Bulk Carriers Corp. SBLK

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$1.0B

▼ 17.6% YoY

Net income

$84.2M

▼ 72.4% YoY

Free cash flow

$211.9M

▼ 49.1% YoY

In brief

What this company does

Star Bulk Carriers Corp. owns and operates a fleet of dry bulk vessels that transport major and minor bulk commodities, including iron ore, minerals and grain, bauxite, fertilizers and steel products, along worldwide shipping routes. It charters out its vessels to iron ore miners, utility companies, commodity trading houses and diversified shipping companies. On a fully delivered basis, its fleet includes 141 vessels with an aggregate capacity of 14.0 million dwt, spanning Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax vessels with carrying capacities between 55,569 dwt and 209,537 dwt. As of December 31, 2025, it had 294 employees engaged in the day-to-day management of its fleet, including its executive officers, through Star Bulk Management Inc., Star Bulk (Hellas) Inc., Starbulk S.A., Eagle Ship Management (Hellas) LLC and Eagle Ship Management LLC. On April 9, 2024, it completed a merger with Eagle in an all-stock transaction. Star Bulk Carriers Corp. was incorporated in the Marshall Islands on December 13, 2006, and commenced operations on December 3, 2007 upon taking delivery of its first vessel.

Written from the business description in STAR BULK CARRIERS CORP.'s annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth

USD 1.0B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.0 · Net income 0.1

Compound annual growth

Revenue

−10.1%

+8.5%

+16.1%

+15.4%

Net income

−47.0%

+54.2%

EPS, diluted

−49.1%

+48.8%

Dividend / share

−64.1%

+43.1%

Returned to shareholders

−41.7%

+94.1%

+17.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +8.5% a year over five years — but profit grew faster: net income at +54.2%, earnings per share at +48.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

8 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 13.1% · Net 8.1%

ROE

FY2025 · ROE 3.4%

Gross margin79.4%

Operating margin13.1%

Net margin8.1%

Return on assets2.1%

EBITDAUSD 305.1M

Each USD of equity produced 3 cents of profit this year.

Cash & shareholders

USD 132.5M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 211.9

Net buybacks $M Dividends $M

FY2025 · Dividends 34.4 · Net buybacks 98.1

Dividends paidUSD 34.4M

Net buybacksUSD 98.1M

Share of profit157.4%

Consecutive raises—

USD 34.4M in dividends and USD 98.1M in buybacks — 157% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 3.8B

EquityUSD 2.4B

CashUSD 488.5M

Current ratio1.78×

Equity funds 64% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	1.0	1.3	0.9	1.4	1.4	0.7	0.8	0.7	0.3	0.0	0.2	0.1	0.1	0.1	0.1	0.1	0.1
Operating income $B	0.1	0.4	0.2	0.6	0.7	0.1	0.1	0.1	0.0	−0.1	−0.4	−0.0	0.0	−0.3	−0.1	0.0	−0.0
EBITDA $B	0.3	0.5	0.4	0.8	0.9	0.2	0.2	0.2	0.1	−0.0	−0.3	0.0	0.0	−0.3	−0.0	0.0	0.0
Income tax $B	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	·	·	·	·	·
Net income $B	0.1	0.3	0.2	0.6	0.7	0.0	−0.0	0.1	−0.0	−0.2	−0.5	−0.0	0.0	−0.3	−0.1	−0.0	−0.1
Free cash flow $B	0.2	0.4	0.3	0.7	0.6	0.1	−0.3	−0.2	−0.1	−0.4	−0.5	−0.5	−0.1	0.0	−0.0	0.0	0.1
EPS, diluted $	0.73	2.80	1.75	5.52	6.71	0.10	−0.17	0.76	−0.16	−3.24	−11.71	−1.00	0.13	−58.32	−14.69	−1.25	−0.96
Dividend / sh $	0.30	2.50	1.57	6.50	2.25	0.05	0.05	·	·	·	·	·	0.00	0.68	3.00	3.00	0.10
Payout %	41	91	91	118	34	50	−30	0	−0	·	·	−0	0	−1	−21	−241	−11
ROE %	3.4	14.7	9.4	27.6	37.5	0.6	−1.1	4.5	−0.9	−14.2	−40.0	−1.7	1.0	−114.2	−15.1	−1.0	−11.7
Shares out B	·	·	·	·	·	·	·	·	·	·	·	·	·	·	0.08	0.06	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 65 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 25 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityDeep Sea Foreign Transportation of Freight

Listed onNASDAQ

Incorporated inoutside the United States — SEC code 1T

Fiscal year endsDecember 31

Data on record since2009