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Employees: 1,107
Size Safe Bulkers (SB) is a United States Industrials company (Marine Shipping) with a market value of $809M, the 2387th largest of 3,117 United States companies the cockpit tracks. Shares closed at $7.11 on 6 Nov 2026.
Performance Over six months the shares gained 1.1%, against -1.9% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 10.8% over the last twelve months (peer median +22.3%); the operating margin is 33.3% (peer median 25.2%).
Valuation It trades at 9.4× forward earnings against a peer median of 9.6× (9th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points below its cost of capital (8.4% WACC).
Short interest Short interest is 3.0% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $307M | $276M | $308M | $284M | $350M |
| Revenue growth | — | -10% | +8% | -19% | — |
| Gross profit | $136M | $99.1M | $140M | $119M | $210M |
| EBITDA | $161M | $125M | $170M | $148M | $234M |
| Net income | $87.0M | $38.6M | $97.4M | $77.4M | $173M |
| Free cash flow | n/a | $60.3M | -$14.3M | -$86.9M | $34.8M |
| Capital expenditure | n/a | $42.0M | $145M | $209M | $183M |
| Total debt | $511M | $540M | $537M | $508M | $414M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.4% | -6.0% | lowest of 21 |
| 6-month return | +1.1% | -1.9% | 8th highest of 20 |
| Distance from 52-week high | -23.6% | -18.7% | 8th lowest of 21 |
| Revenue growth (TTM) | +10.8% | +22.3% | 7th lowest of 20 |
| Operating margin | 33.3% | 25.2% | 7th highest of 20 |
| Forward P/E | 9.4× | 9.6× | 9th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 3.6% | -4.0% | 3rd most demanding of 10 |
| Growth delivered (Del g) | +6.8% | +3.5% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | -3.3 pp | -9.6 pp | 4th most demanding of 10 |
| ROIC minus cost of capital | -1.9 pp | +2.6 pp | 5th lowest of 19 |
| EV / EBITDA | 7.4× | 7.2× | 9th cheapest of 17 |
| Net debt / EBITDA | 2.3× | 1.5× | 8th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Safe Bulkers SB | United States | $809M | +1% | +11% | 33% | 9.4× | 3.6% | +6.8% |
| Algoma Central ALC.TO | Canada | $846M | +30% | +18% | 34% | 13.6× | n/a | n/a |
| Gujarat Pipavav Port GPPL.NS | India | $851M | +4% | +25% | 52% | 14.7× | 16.2% | +9.6% |
| Evergreen International Storage & Transport 2607.TW | Taiwan | $897M | +18% | -15% | 11% | n/a | n/a | n/a |
| Himalaya Shipping HSHP.OL | Norway | $729M | -2% | +36% | 61% | 7.5× | -3.3% | +36.0% |
| Odfjell ODF.OL | Norway | $960M | +3% | -10% | 18% | 6.9× | -12.7% | +5.6% |
| Klaveness Combination Carriers KCC.OL | Norway | $661M | 0% | +21% | 26% | 5.8× | n/a | n/a |
| Cj Logistics 000120.KS | South Korea | $1.01B | -32% | +5% | 4% | 7.8× | -4.0% | +2.6% |
| Iino Kaiun Kaisha,Ltd 9119.T | Japan | $1.04B | -6% | +1% | 11% | 11.6× | n/a | n/a |
| Solstad Offshore SOFF.OL | Norway | $606M | +4% | +21% | 31% | 6.8× | 3.4% | -9.1% |
| Xingtong Shipping 603209.SS | China | $603M | -5% | +28% | 25% | 11.4× | n/a | n/a |
| d'Amico International Shipping DIS.MI | Italy | $1.09B | -3% | -15% | 36% | 8.0× | -7.3% | +2.3% |
| 2020 Bulkers 2020.OL | Norway | $1.10B | +20% | +256% | 92% | 170.2× | 9.2% | +7.3% |
| Dong Fang Offshore 7786.TW | Taiwan | $583M | -19% | +52% | 19% | 11.4× | n/a | n/a |
| Rederiaktiebolaget Gotland GOTL-A.ST | Sweden | $582M | -16% | +42% | 1% | 66.5× | n/a | n/a |
| Genco Shipping & Trading GNK | United States | $1.13B | 0% | +26% | 17% | 10.2× | n/a | n/a |
| Ningbo Marine 600798.SS | China | $575M | -12% | +39% | 3% | n/a | -7.5% | +3.5% |
| Volare Shipping VLCC.OL | Norway | $1.17B | n/a | n/a | n/a | n/a | n/a | n/a |
| Sincere Navigation 2605.TW | Taiwan | $548M | -11% | +22% | 31% | 8.9× | -18.5% | +2.3% |
| Capital Clean Energy Carriers CCEC | United States | $1.24B | +3% | +5% | 50% | 8.1× | n/a | n/a |
| Phoenix Shipping (Wuhan) 000520.SZ | China | $527M | -12% | +78% | 5% | n/a | n/a | n/a |