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Operator of one of the world's largest dry bulk shipping fleets, transporting iron ore, coal and grain.
Operator of one of the world's largest dry bulk shipping fleets, transporting iron ore, coal and grain.
Earns by renting out ships: daily hire when a ship is chartered for months or years, or a voyage fee on the spot market, so income swings with the freight rate bulk carriers can command. A Greek-managed company incorporated in the Marshall Islands, it grew by absorbing other fleets, including Eagle Bulk in 2024.
In one line: A large dry-bulk shipping company.
Moat: narrow (scale). One of the largest, most diversified dry-bulk fleets, giving route flexibility and cost scale.
Headquarters: Athens, Greece · Founded: 2007 · Employees: 294
Size Star Bulk Carriers (SBLK) is a United States Industrials company (Marine Shipping) with a market value of $2.99B, the 1555th largest of 3,117 United States companies the cockpit tracks. Shares closed at $26.73 on 6 Nov 2026.
Performance Over six months the shares fell 0.4%, against +5.5% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 6.3% over the last twelve months (peer median +10.3%); the operating margin is 27.8% (peer median 21.5%).
Valuation It trades at 5.7× forward earnings against a peer median of 8.7× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.6 points above its cost of capital (8.2% WACC).
Short interest Short interest is 3.3% of the free float (15 Oct 2026).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.20B | $1.04B | $1.27B | $949M | $1.44B |
| Revenue growth | — | -18% | +33% | -34% | — |
| Gross profit | $425M | $234M | $439M | $276M | $697M |
| EBITDA | $497M | $309M | $507M | $334M | $759M |
| Net income | $287M | $84.2M | $305M | $174M | $566M |
| Free cash flow | $290M | $212M | $412M | $311M | $739M |
| Capital expenditure | $170M | $84.0M | $55.1M | $18.1M | $25.4M |
| Total debt | $1.04B | $1.23B | $1.46B | $1.26B | $1.32B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Star Bulk Carriers SBLK | $2.99B | 0% | +6% | 28% | 5.7× | -0.1% |
| Genco Shipping & Trading GNK | $1.13B | 0% | +26% | 17% | 10.2× | n/a |
| Safe Bulkers SB | $809M | +1% | +11% | 33% | 9.4× | 3.6% |
| Diana Shipping DSX | n/a | -14% | n/a | n/a | n/a | n/a |
| Cmb.tech CMBT | $4.83B | +12% | +92% | 30% | 7.2× | n/a |
| Pangaea Logistics Solutions PANL | $496M | -3% | +22% | 9% | 7.4× | 1.6% |
| Seanergy Maritime SHIP | $306M | -15% | +32% | 37% | 4.9× | -2.5% |
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 | SBLK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.3% | -8.2% | 5th lowest of 21 |
| 6-month return | -0.4% | +5.5% | 7th lowest of 21 |
| Distance from 52-week high | -18.7% | -15.2% | 7th lowest of 21 |
| Revenue growth (TTM) | +6.3% | +10.3% | 10th lowest of 20 |
| Operating margin | 27.8% | 21.5% | 9th highest of 21 |
| Forward P/E | 5.7× | 8.7× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -0.1% | -2.5% | 7th most demanding of 17 |
| Growth delivered (Del g) | +8.5% | +10.9% | 5th lowest of 17 |
| Hurdle (Req g minus delivered) | -8.7 pp | -15.0 pp | 6th most demanding of 17 |
| ROIC minus cost of capital | +0.6 pp | +1.2 pp | 10th lowest of 21 |
| EV / EBITDA | 7.0× | 7.0× | 8th cheapest of 15 |
| Net debt / EBITDA | 0.9× | 1.9× | 6th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Star Bulk Carriers SBLK | United States | $2.99B | 0% | +6% | 28% | 5.7× | -0.1% | +8.5% |
| Shenzhen Yan Tian Port 000088.SZ | China | $2.97B | +2% | +19% | 12% | 16.5× | 21.8% | +10.1% |
| Shanghai Jinjiang Shipping (Group) 601083.SS | China | $2.75B | +17% | +11% | 24% | 11.3× | -18.7% | +15.2% |
| Danaos DAC | United States | $2.70B | +10% | +2% | 48% | 5.3× | -8.7% | +17.7% |
| ZIM Integrated Shipping Services ZIM | United States | $3.37B | +5% | -25% | 6% | 3.7× | 2.7% | +11.6% |
| Capital Tankers CAPT.OL | Norway | $2.57B | +45% | n/a | 37% | 7.3× | n/a | n/a |
| Nanjing Tanker 601975.SS | China | $2.50B | -21% | +12% | 26% | 9.0× | -8.4% | +7.6% |
| T.S. Lines 2510.HK | Hong Kong | $2.48B | +38% | -4% | 19% | 5.8× | -6.9% | +9.8% |
| Hoegh Autoliners HAUTO.OL | Norway | $3.64B | +20% | -4% | 30% | 9.6× | -0.1% | +16.4% |
| Navios Maritime Partners LP NMM | United States | $2.42B | +14% | +19% | 39% | 3.9× | n/a | n/a |
| COSCO SHIPPING Development 2866.HK | Hong Kong | $3.84B | -22% | -2% | 13% | 3.6× | n/a | n/a |
| Pacific Basin Shipping 2343.HK | Hong Kong | $2.22B | +6% | -6% | 6% | 9.0× | 7.9% | +7.3% |
| Great Eastern Shipping GESHIP.NS | India | $2.16B | -8% | +24% | 42% | 5.1× | 8.2% | +10.1% |
| Wisdom Marine Lines 2637.TW | Taiwan | $2.13B | +28% | +10% | 33% | 9.1× | -1.8% | +7.2% |
| COSCO Shipping Specialized Carriers 600428.SS | China | $4.40B | +25% | +37% | 19% | 8.9× | -17.9% | +27.0% |
| PanOcean 028670.KS | South Korea | $1.91B | -12% | +24% | 9% | 5.0× | n/a | n/a |
| Clarkson CKN.L | United Kingdom | $1.90B | -5% | +15% | 14% | 13.9× | 5.2% | +12.0% |
| Sumitomo Warehouse 9303.T | Japan | $1.87B | +4% | +2% | 6% | 16.3× | 11.3% | +0.4% |
| CSSC (Hong Kong) Shipping 3877.HK | Hong Kong | $1.85B | -4% | -10% | 60% | 7.2× | -3.2% | +14.9% |
| Stolt-Nielsen SNI.OL | Norway | $1.82B | +4% | -5% | 11% | 8.8× | -4.5% | +9.5% |
| U-Ming Marine Transport 2606.TW | Taiwan | $1.70B | +6% | +13% | 29% | 8.7× | -3.8% | +12.8% |