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SB

Safe Bulkers, Inc.

SBIndustrialsNASDAQ

Marine Shipping

PriceMA150MA200
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Financials · Annual
Revenue
$275.7M
-10.4% YoY
Net Income
$38.6M
-60.4% YoY
EBITDA
$128.8M
-31.1% YoY
Free Cash Flow
$36.9M

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About Safe Bulkers, Inc.

Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services internationally. The $673.3M market capitalization puts SB squarely in small-cap range for its industry. The company owns and operates a fleet of dry bulk vessels for transporting bulk cargoes comprising coal, grain, and iron ore.

Key stats
Market Cap$673.3M
P/E (TTM)21.93
Fwd P/E14.62
EPS$0.30
Beta0.90
52W Change+73.2%
Dividend Yield3.04%
ROE4.6%
Analysis

On the balance sheet, SB has $158.0M in cash with $540.1M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $36.9M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 4.6%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.9% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $349.7M (2022) to $275.7M (2025), a 21% decline worth watching.

As with any equity investment, SB carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing SB.

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