SBLK (Star Bulk Carriers Corp.) Stock Financials & Earnings | Market Cap Arena

SBLK (Star Bulk Carriers Corp.) Stock Financials & Earnings | Market Cap Arena

SBLKStar Bulk Carriers Corp.

Mkt Cap$3B

Industrials·Marine Shipping· Greece·NASDAQ

Revenue (TTM)$1.0B

Net Income (TTM)$84M

EPS (TTM)$0.73

Free Cash Flow (TTM)$209M

Gross Margin33.0%

Op. Margin13.6%

Net Margin8.1%

FCF Margin20.0%

P/S Ratio (TTM)2.6x

P/E Ratio (TTM)32.3x

YoY Rev Growth-17.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$224M	$80M	$59M
Q2 23	$239M	$100M	$57M
Q3 23	$223M	$90M	$62M
Q4 23	$263M	$125M	$59M
Q1 24	$259M	$133M	$94M
Q2 24	$353M	$175M	$127M
Q3 24	$344M	$154M	$99M
Q4 24	$309M	$121M	$62M
Q1 25	$231M	$60M	$15M
Q2 25	$247M	$79M	$13M
Q3 25	$264M	$100M	$32M
Q4 25	$301M	$105M	$82M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.1x	6.2x
Q2 23	2.4x	9.5x
Q3 23	2.8x	12.4x
Q4 23	2.9x	15.7x
Q1 24	2.8x	13.4x
Q2 24	2.5x	10.3x
Q3 24	2.2x	9.0x
Q4 24	2.1x	8.9x
Q1 25	2.2x	11.8x
Q2 25	2.4x	21.9x
Q3 25	2.6x	44.2x
Q4 25	2.6x	32.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$83M	$78M
Q2 23	$97M	$94M
Q3 23	$67M	$63M
Q4 23	$83M	$78M
Q1 24	$114M	$92M
Q2 24	$138M	$125M
Q3 24	$138M	$126M
Q4 24	$76M	$69M
Q1 25	$49M	$41M
Q2 25	$54M	$47M
Q3 25	$92M	$81M
Q4 25	$99M	$40M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$5M
Q2 23	$3M
Q3 23	$4M
Q4 23	$5M
Q1 24	$22M
Q2 24	$13M
Q3 24	$12M
Q4 24	$7M
Q1 25	$7M
Q2 25	$8M
Q3 25	$11M
Q4 25	$60M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-37.9%	-7.8%
Q2 23	-42.8%	-11.5%
Q3 23	-38.7%	-33.1%
Q4 23	-10.6%	-0.9%
Q1 24	+15.8%	+0.2%
Q2 24	+47.8%	+24.4%
Q3 24	+54.3%	+52.7%
Q4 24	+17.3%	+20.8%
Q1 25	-11.1%	+30.6%
Q2 25	-29.9%	+3.9%
Q3 25	-23.4%	-5.4%
Q4 25	-2.7%	-11.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$3M	1.5%
Q2 23	$3M	1.2%
Q3 23	$6M	2.8%
Q4 23	$8M	3.1%
Q1 24	$2M	0.8%
Q2 24	$0	0.0%
Q3 24	$8M	2.2%
Q4 24	$5M	1.6%
Q1 25	$2M	0.7%
Q2 25	$5M	1.9%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	$12M	$309K	—
Q2 23	$11M	—	—
Q3 23	$13M	$163K	—
Q4 23	$18M	$156K	—
Q1 24	$11M	$9K	—
Q2 24	$19M	—	—
Q3 24	$21M	$738K	—
Q4 24	$19M	$716K	—
Q1 25	$15M	$10K	—
Q2 25	$18M	—	—
Q3 25	$20M	—	—
Q4 25	—	—	$23M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$234M	$0	$234M
Q2 23	$285M	$0	$285M
Q3 23	$288M	$0	$288M
Q4 23	$260M	$0	$260M
Q1 24	$267M	$0	$267M
Q2 24	$481M	$0	$481M
Q3 24	$454M	$0	$454M
Q4 24	$425M	$0	$425M
Q1 25	$421M	$0	$421M
Q2 25	$396M	$972K	$397M
Q3 25	$453M	$1M	$454M
Q4 25	$500M	$0	$500M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	103M	+0.6%
Q2 23	103M	-0.4%
Q3 23	102M	-0.8%
Q4 23	87M	-14.5%
Q1 24	84M	-3.6%
Q2 24	115M	+36.9%
Q3 24	117M	+1.6%
Q4 24	118M	+1.1%
Q1 25	117M	-0.8%
Q2 25	116M	-1.1%
Q3 25	114M	-1.6%
Q4 25	114M	-0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$164K	900
FY 15	$260K	900
FY 16	$247K	900
FY 17	$369K	900
FY 18	$724K	900
FY 19	$865K	950
FY 20	$693K	1K
FY 21	$1M	1K
FY 22	$7M	209
FY 23	$4M	216
FY 24	$4M	301
FY 25	$3M	301