Balance Sheet Star Bulk Carriers Corp.

Equities

SBLK

MHY8162K2046

Marine Freight & Logistics

Market Closed - Nasdaq Other stock markets 16:00:00 2026-05-20 EDT			5-day change	1st Jan Change
26.69 ^USD	+2.34%		0.00%	+38.87%

05-20	Star Bulk Carriers Q1 Swings to Adjusted Earnings, Revenue Rises	MT
05-20	Star Bulk Carriers Insider Sold Shares Worth $872,159, According to a Recent SEC Filing	MT

3db89bd6842816422865235.FqKO1S1eHG7YLVoWLAPb6bGNexqI4CwtlO-eHIxAY84.JO_hsB9me17tdSovbWmpsPnoQk_Lq018xor3RNouM6BV68mFXWxpPrx4Hw

Published financial data: STAR BULK CARRIERS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.43B	1.44B	949M	1.27B	1.04B
Total Revenues	1.43B	1.44B	949M	1.27B	1.04B
Cost of Goods Sold, Total	489M	607M	555M	683M	658M
Gross Profit	939M	830M	395M	583M	384M
Selling General & Admin Expenses, Total	39.5M	56.83M	54.41M	70.78M	70.54M
Provision for Bad Debts	629K	677K	300K	308K	-
Depreciation & Amortization - (IS)	153M	157M	138M	164M	168M
Other Operating Expenses	2.74M	-2.58M	5.19M	6.69M	-2.56M
Other Operating Expenses, Total	196M	212M	198M	242M	236M
Operating Income	743M	619M	196M	341M	148M
Interest Expense, Total	-54.32M	-51.41M	-73.27M	-92.75M	-69.25M
Interest And Investment Income	315K	7.05M	15.23M	16.38M	18.89M
Net Interest Expenses	-54M	-44.36M	-58.04M	-76.38M	-50.36M
Income (Loss) On Equity Invest.	120K	109K	60K	-4K	-907K
Currency Exchange Gains (Loss)	-	-	-	103K	-
Other Non Operating Income (Expenses)	1.84M	-2.62M	-2.92M	-5.07M	3.95M
EBT, Excl. Unusual Items	691M	572M	136M	259M	101M
Gain (Loss) On Sale Of Assets	-	-	29.4M	43.29M	-18.31M
Asset Writedown	-	-	-17.84M	-1.8M	-
Insurance Settlements	-	-	33.92M	4.74M	2.3M
Other Unusual Items	-10.56M	-5.54M	-7.25M	-1.14M	-431K
EBT, Incl. Unusual Items	681M	566M	174M	305M	84.17M
Income Tax Expense	16K	244K	183K	-116K	-
Earnings From Continuing Operations	681M	566M	174M	305M	84.17M
Net Income to Company	681M	566M	174M	305M	84.17M
Net Income - (IS)	681M	566M	174M	305M	84.17M
Net Income to Common Incl Extra Items	681M	566M	174M	305M	84.17M
Net Income to Common Excl. Extra Items	681M	566M	174M	305M	84.17M
Per Share Items
Net EPS - Basic	6.73	5.54	1.76	2.85	0.73
Basic EPS - Continuing Operations	6.73	5.54	1.76	2.85	0.73
Basic Weighted Average Shares Outstanding	101M	102M	98.46M	107M	115M
Net EPS - Diluted	6.71	5.52	1.75	2.8	0.73
Diluted EPS - Continuing Operations	6.71	5.52	1.75	2.8	0.73
Diluted Weighted Average Shares Outstanding	101M	103M	98.93M	109M	115M
Normalized Basic EPS	4.27	3.5	0.86	1.52	0.55
Normalized Diluted EPS	4.26	3.49	0.86	1.49	0.54
Dividend Per Share	4.25	5.1	1.42	2.14	0.58
Payout Ratio	33.83	118.14	91.07	90.93	40.84
Supplemental Items
EBITDA	896M	775M	335M	505M	316M
EBITA	743M	619M	196M	341M	148M
EBIT	743M	619M	196M	341M	148M
EBITDAR	909M	787M	349M	533M	341M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	0	0.04	0.11	-0.04	-
Normalized Net Income	432M	357M	84.69M	162M	62.89M
Interest Capitalized	-	-	-	1.25M	1.76M
Interest on Long-Term Debt	55.58M	63.65M	95.07M	98.66M	74.48M
Supplemental Operating Expense Items
General and Administrative Expenses	39M	56.32M	53.84M	69.39M	68.93M
Net Rental Expense, Total	13.85M	11.32M	14.59M	28.57M	24.58M
Imputed Operating Lease Interest Expense	3.82M	3.19M	6.61M	15.79M	10.4M
Imputed Operating Lease Depreciation	10.04M	8.12M	7.98M	12.78M	14.18M
Stock-Based Comp., G&A Exp. (Total)	10.34M	28.48M	20.88M	18.33M	17.8M
Total Stock-Based Compensation	10.34M	28.48M	20.88M	18.33M	17.8M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	450M	270M	227M	425M	489M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	549K	21.71M	6.04M	2.05M	-
Total Cash And Short Term Investments	451M	291M	234M	427M	489M
Accounts Receivable, Total	81.06M	84.03M	68.62M	79.3M	83.59M
Other Receivables	9.66M	408K	61K	149K	131K
Total Receivables	90.72M	84.44M	68.68M	79.45M	83.72M
Inventory	75.08M	67.16M	62.36M	78.59M	51.48M
Prepaid Expenses	28.66M	25.67M	19.3M	18.87M	12.69M
Restricted Cash	20.96M	14.57M	32.25M	11.22M	11.81M
Other Current Assets, Total	16.66M	18.79M	38.29M	43.73M	35.14M
Total Current Assets	683M	502M	454M	659M	683M
Gross Property Plant And Equipment	3.87B	3.88B	3.54B	4.44B	4.15B
Accumulated Depreciation	-805M	-962M	-969M	-1.04B	-1.12B
Net Property Plant And Equipment	3.06B	2.92B	2.57B	3.39B	3.03B
Long-term Investments	8.33M	10.34M	4.27M	2.06M	826K
Other Intangibles, Total	-	-	-	-	-
Other Long-Term Assets, Total	2.17M	2.02M	2.02M	32.48M	89.21M
Total Assets	3.75B	3.43B	3.03B	4.09B	3.81B
Liabilities
Accounts Payable, Total	21.84M	32.14M	39.32M	51.59M	49.46M
Accrued Expenses, Total	32.18M	35.24M	32.96M	65.88M	42.22M
Current Portion of Long-Term Debt	157M	167M	249M	221M	226M
Current Portion of Leases	50.43M	25.32M	7.98M	30.96M	31.36M
Current Income Taxes Payable	60K	250K	71K	-	-
Unearned Revenue Current, Total	24.96M	16.68M	16.74M	17.3M	20.36M
Other Current Liabilities	4.18M	6.34M	13.17M	12.94M	14.15M
Total Current Liabilities	291M	283M	359M	400M	384M
Long-Term Debt	933M	928M	970M	1.04B	834M
Long-Term Leases	450M	203M	37.78M	169M	138M
Unearned Revenue Non Current	-	-	-	-	-
Other Non Current Liabilities	1.06M	831K	1M	850K	651K
Total Liabilities	1.67B	1.41B	1.37B	1.6B	1.36B
Common Stock, Total	1.02M	1.03M	840K	1.14M	1.13M
Additional Paid In Capital	2.62B	2.65B	2.29B	3.08B	3B
Retained Earnings	-546M	-649M	-633M	-606M	-556M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	6.93M	20.96M	5.39M	2.3M	321K
Total Common Equity	2.08B	2.02B	1.66B	2.48B	2.45B
Total Equity	2.08B	2.02B	1.66B	2.48B	2.45B
Total Liabilities And Equity	3.75B	3.43B	3.03B	4.09B	3.81B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	102M	103M	84.02M	117M	112M
ECS Total Common Shares Outstanding	102M	103M	84.02M	118M	113M
Book Value / Share	20.33	19.63	19.76	21.1	21.59
Tangible Book Value	2.08B	2.02B	1.66B	2.48B	2.45B
Tangible Book Value Per Share	20.33	19.63	19.76	21.1	21.59
Total Debt	1.59B	1.32B	1.26B	1.46B	1.23B
Net Debt	1.14B	1.03B	1.03B	1.03B	741M
Debt Equivalent Oper. Leases	111M	90.52M	117M	229M	197M
Equity Method Investments, Total	277K	125K	1.74M	1.73M	826K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Others	75.08M	67.16M	62.36M	78.59M	51.48M
Machinery, Total	-	-	-	-	-
Full Time Employees	181	209	216	301	294

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	681M	566M	174M	305M	84.17M
Depreciation & Amortization - CF	153M	167M	148M	182M	197M
Amortization of Goodwill and Intangible Assets - (CF)	-187K	-	-	-	-
Depreciation & Amortization, Total	152M	167M	148M	182M	197M
Amortization of Deferred Charges, Total - (CF)	6.51M	4.92M	3.66M	3.58M	3.14M
(Gain) Loss From Sale Of Asset	-1.1M	-	-29.4M	-43.29M	18.31M
Asset Writedown & Restructuring Costs	-	-	17.84M	1.8M	-
(Income) Loss On Equity Investments - (CF)	-120K	-109K	-60K	4K	907K
Stock-Based Compensation (CF)	10.34M	28.48M	20.88M	18.33M	17.8M
Provision and Write-off of Bad Debts	629K	677K	300K	308K	-
Other Operating Activities, Total	1.44M	11.06M	-4.06M	2.97M	-9.68M
Change In Accounts Receivable	-43.6M	-3.65M	14.4M	33.6M	-4.28M
Change In Inventories	-27.78M	-9.41M	-5.85M	1.92M	25.64M
Change In Accounts Payable	-8.04M	11.56M	7.31M	-6.62M	6.69M
Change in Unearned Revenues	13.28M	-8.28M	54K	-3.65M	3.06M
Change in Other Net Operating Assets	-17.47M	1.27M	-11.06M	-24.9M	-46.48M
Cash from Operations	767M	770M	336M	471M	296M
Capital Expenditure	-130M	-25.4M	-18.09M	-55.1M	-83.99M
Sale of Property, Plant, and Equipment	-	-	196M	303M	174M
Cash Acquisitions	-	-	-	104M	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-1.41M
Other Investing Activities, Total	8.88M	4.53M	57.64M	3.72M	12.16M
Cash from Investing	-121M	-20.87M	236M	356M	101M
Long-Term Debt Issued, Total	471M	315M	441M	388M	378M
Total Debt Issued	471M	315M	441M	388M	378M
Long-Term Debt Repaid, Total	-593M	-576M	-493M	-730M	-580M
Total Debt Repaid	-593M	-576M	-493M	-730M	-580M
Issuance of Common Stock	-	19.79M	13.16M	-	-
Repurchase of Common Stock	-10.28M	-20.07M	-393M	-25.3M	-98.13M
Common Dividends Paid	-230M	-669M	-158M	-277M	-34.38M
Common & Preferred Stock Dividends Paid	-230M	-669M	-158M	-277M	-34.38M
Other Financing Activities, Total	-5.02M	-5.96M	-6.73M	-3.88M	-1.9M
Cash from Financing	-368M	-936M	-596M	-648M	-336M
Net Change in Cash	278M	-187M	-24.59M	179M	61.05M
Supplemental Items
Cash Interest Paid	49.66M	49.6M	56.02M	87.52M	58.5M
Levered Free Cash Flow	370M	559M	233M	339M	198M
Unlevered Free Cash Flow	397M	586M	275M	393M	238M
Change In Net Working Capital	99.6M	-28.89M	-1.36M	-34.47M	-15.5M
Net Debt Issued / Repaid	-123M	-261M	-51.16M	-342M	-202M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	13.37	10.76	3.8	5.99	2.34
Return on Total Capital	13.69	11.03	3.92	6.21	2.43
Return On Equity %	37.5	27.61	9.43	14.71	3.41
Return on Common Equity	37.5	27.61	9.43	14.71	3.41
Margin Analysis
Gross Profit Margin %	65.76	57.77	41.58	46.04	36.85
SG&A Margin	2.77	3.95	5.73	5.59	6.77
EBITDA Margin %	62.74	53.95	35.27	39.9	30.33
EBITA Margin %	52.05	43.05	20.69	26.93	14.19
EBIT Margin %	52.06	43.05	20.69	26.93	14.19
Income From Continuing Operations Margin %	47.68	39.38	18.28	24.07	8.07
Net Income Margin %	47.68	39.38	18.28	24.07	8.07
Net Avail. For Common Margin %	47.68	39.38	18.28	24.07	8.07
Normalized Net Income Margin	30.26	24.87	8.92	12.81	6.03
Levered Free Cash Flow Margin	25.93	38.88	24.54	26.77	19.02
Unlevered Free Cash Flow Margin	27.85	40.77	28.98	31.07	22.87
Asset Turnover
Asset Turnover	0.41	0.4	0.29	0.36	0.26
Fixed Assets Turnover	0.48	0.48	0.35	0.42	0.32
Receivables Turnover (Average Receivables)	23.96	17.41	12.44	17.11	12.8
Inventory Turnover (Average Inventory)	7.99	8.53	8.56	9.69	10.12
Short Term Liquidity
Current Ratio	2.35	1.78	1.26	1.65	1.78
Quick Ratio	1.86	1.33	0.84	1.27	1.49
Operating Cash Flow to Current Liabilities	2.64	2.72	0.93	1.18	0.77
Days Sales Outstanding (Average Receivables)	15.23	20.96	29.35	21.39	28.52
Days Outstanding Inventory (Average Inventory)	45.69	42.78	42.63	37.78	36.06
Average Days Payable Outstanding	19.32	16.45	23.72	23.8	29.22
Cash Conversion Cycle (Average Days)	41.6	47.29	48.25	35.37	35.36
Long Term Solvency
Total Debt/Equity	76.46	65.51	76.2	58.67	50.19
Total Debt / Total Capital	43.33	39.58	43.25	36.98	33.42
LT Debt/Equity	66.48	56	60.71	48.51	39.68
Long-Term Debt / Total Capital	37.68	33.84	34.46	30.57	26.42
Total Liabilities / Total Assets	44.6	41.19	45.18	39.27	35.64
EBIT / Interest Expense	13.68	12.03	2.68	3.67	2.14
EBITDA / Interest Expense	16.74	15.3	4.77	5.75	4.92
(EBITDA - Capex) / Interest Expense	14.35	14.81	4.52	5.16	3.71
Total Debt / EBITDA	1.75	1.68	3.62	2.73	3.61
Net Debt / EBITDA	1.25	1.31	2.95	1.93	2.17
Total Debt / (EBITDA - Capex)	2.04	1.74	3.82	3.04	4.79
Net Debt / (EBITDA - Capex)	1.46	1.35	3.11	2.15	2.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	105.91	0.68	-33.95	33.31	-17.62
Gross Profit, 1 Yr. Growth %	281.15	-11.54	-52.46	47.6	-34.06
EBITDA, 1 Yr. Growth %	321.57	-13.42	-56.32	50.78	-37.36
EBITA, 1 Yr. Growth %	959.12	-16.73	-67.79	73.51	-56.59
EBIT, 1 Yr. Growth %	941.8	-16.75	-67.79	73.51	-56.59
Earnings From Cont. Operations, 1 Yr. Growth %	6.94K	-16.83	-69.34	75.54	-72.37
Net Income, 1 Yr. Growth %	6.94K	-16.83	-69.34	75.54	-72.37
Normalized Net Income, 1 Yr. Growth %	3.69K	-17.27	-75.93	91.47	-61.22
Diluted EPS Before Extra, 1 Yr. Growth %	6.61K	-17.73	-68.3	60	-73.93
Accounts Receivable, 1 Yr. Growth %	112.81	3.67	-18.34	15.56	5.4
Inventory, 1 Yr. Growth %	58.75	-10.54	-7.15	26.02	-34.5
Net Property, Plant and Equip., 1 Yr. Growth %	6.37	-4.64	-12.04	32.14	-10.64
Total Assets, 1 Yr. Growth %	17.64	-8.55	-11.81	34.94	-6.88
Tangible Book Value, 1 Yr. Growth %	34.24	-2.92	-17.79	49.5	-1.31
Common Equity, 1 Yr. Growth %	34.24	-2.92	-17.79	49.5	-1.31
Cash From Operations, 1 Yr. Growth %	349.76	0.37	-56.39	40.32	-37.19
Capital Expenditures, 1 Yr. Growth %	80.61	-80.48	-28.78	204.54	52.44
Levered Free Cash Flow, 1 Yr. Growth %	395.47	51	-57.89	45.4	-41.47
Unlevered Free Cash Flow, 1 Yr. Growth %	265.43	47.42	-52.61	42.9	-39.35
Dividend Per Share, 1 Yr. Growth %	-	20	-72.16	50.7	-72.9
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	31.83	43.98	-18.45	-6.16	4.8
Gross Profit, 2 Yr. CAGR %	98.31	84.94	-34.86	-15.74	-1.08
EBITDA, 2 Yr. CAGR %	111.37	92.64	-38.57	-18.8	-3.35
EBITA, 2 Yr. CAGR %	212.3	204.67	-48.29	-25.2	-14.01
EBIT, 2 Yr. CAGR %	208.29	202	-48.3	-25.2	-14.01
Earnings From Cont. Operations, 2 Yr. CAGR %	548.12	665.45	-49.5	-26.63	-30.36
Net Income, 2 Yr. CAGR %	548.12	665.45	-49.5	-26.63	-30.36
Normalized Net Income, 2 Yr. CAGR %	1.27K	522.91	-55.45	-32.06	-14.97
Diluted EPS Before Extra, 2 Yr. CAGR %	523.08	642.97	-48.93	-28.78	-35.41
Accounts Receivable, 2 Yr. CAGR %	17.43	48.53	-7.99	-2.86	10.36
Inventory, 2 Yr. CAGR %	21.15	19.17	-8.86	8.17	-9.15
Net Property, Plant and Equip., 2 Yr. CAGR %	1.58	0.71	-8.42	7.81	8.67
Total Assets, 2 Yr. CAGR %	7.67	3.72	-10.19	9.09	12.1
Tangible Book Value, 2 Yr. CAGR %	16.07	14.16	-10.66	10.86	21.47
Common Equity, 2 Yr. CAGR %	16.07	14.16	-10.66	10.86	21.47
Cash From Operations, 2 Yr. CAGR %	194.36	112.47	-33.84	-21.77	-6.12
Capital Expenditures, 2 Yr. CAGR %	-38.77	-40.63	-62.72	47.27	115.47
Levered Free Cash Flow, 2 Yr. CAGR %	30.29	177.62	-20.08	-21.72	-8.2
Unlevered Free Cash Flow, 2 Yr. CAGR %	52.98	134.47	-16.25	-17.67	-7.29
Dividend Per Share, 2 Yr. CAGR %	551.92	-	-42.2	-35.22	-36.09
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	29.88	20.5	11.05	-3.94	-10.15
Gross Profit, 3 Yr. CAGR %	48.02	51.52	17.59	-14.44	-22.35
EBITDA, 3 Yr. CAGR %	52.77	56.98	17.02	-17.13	-25.53
EBITA, 3 Yr. CAGR %	71.09	101	43.37	-22.58	-37.61
EBIT, 3 Yr. CAGR %	70.41	99.26	42.53	-22.59	-37.61
Earnings From Cont. Operations, 3 Yr. CAGR %	126.72	226.91	161.91	-23.5	-47.02
Net Income, 3 Yr. CAGR %	126.72	226.91	161.91	-23.5	-47.02
Normalized Net Income, 3 Yr. CAGR %	106.38	438.48	109.5	-27.57	-43.64
Diluted EPS Before Extra, 3 Yr. CAGR %	106.88	217.27	159.62	-25.27	-49.05
Accounts Receivable, 3 Yr. CAGR %	28.28	12.65	21.68	-0.73	-0.18
Inventory, 3 Yr. CAGR %	39.87	9.5	9.66	1.54	-8.48
Net Property, Plant and Equip., 3 Yr. CAGR %	4.85	-0.54	-3.73	3.49	1.27
Total Assets, 3 Yr. CAGR %	7.5	1.97	-1.74	2.86	3.49
Tangible Book Value, 3 Yr. CAGR %	11.02	9.36	2.32	6.06	6.65
Common Equity, 3 Yr. CAGR %	11.02	9.36	2.32	6.06	6.65
Cash From Operations, 3 Yr. CAGR %	65.57	105.65	25.33	-15	-27.29
Capital Expenditures, 3 Yr. CAGR %	-26.56	-58.17	-36.92	-24.91	48.97
Levered Free Cash Flow, 3 Yr. CAGR %	27.32	36.86	47.57	-2.44	-28.95
Unlevered Free Cash Flow, 3 Yr. CAGR %	42.17	51.1	37.17	0.08	-25.64
Dividend Per Share, 3 Yr. CAGR %	-	270.84	-	-20.44	-51.55
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	45.08	34.05	7.82	9.03	8.5
Gross Profit, 5 Yr. CAGR %	83.99	40.57	6.4	19.54	9.62
EBITDA, 5 Yr. CAGR %	119.62	45.83	5.92	20.29	8.64
EBITA, 5 Yr. CAGR %	63.08	77.67	5.77	34.94	17.29
EBIT, 5 Yr. CAGR %	62.96	77.67	5.52	34.24	16.88
Earnings From Cont. Operations, 5 Yr. CAGR %	34.57	125.2	24.34	79.83	54.18
Net Income, 5 Yr. CAGR %	34.57	125.2	24.34	79.83	54.18
Normalized Net Income, 5 Yr. CAGR %	45.34	113.09	11.5	134.46	46.85
Diluted EPS Before Extra, 5 Yr. CAGR %	15.66	103.03	18.22	74.54	48.82
Accounts Receivable, 5 Yr. CAGR %	45.17	35.25	12.31	6.17	17.02
Inventory, 5 Yr. CAGR %	38.88	28.27	17.85	8.97	1.71
Net Property, Plant and Equip., 5 Yr. CAGR %	12.39	10.46	-0.68	2.72	1.05
Total Assets, 5 Yr. CAGR %	13.29	9.86	0.04	4.76	3.58
Tangible Book Value, 5 Yr. CAGR %	14.93	13.16	1.78	9.96	9.59
Common Equity, 5 Yr. CAGR %	14.93	13.16	1.78	9.96	9.59
Cash From Operations, 5 Yr. CAGR %	87.35	56.2	14.72	39.71	11.65
Capital Expenditures, 5 Yr. CAGR %	-19.96	-29.29	-44	-30.8	3.11
Levered Free Cash Flow, 5 Yr. CAGR %	-0.88	58.25	5.38	9.22	22.29
Unlevered Free Cash Flow, 5 Yr. CAGR %	1.83	83.81	14.74	18.28	17.47
Dividend Per Share, 5 Yr. CAGR %	-	-	-	84.54	-