SAFE BULKERS, INC.
SBAnalytical Summary
SAFE BULKERS, INC. shows mixed fundamentals. Consider comparing against peers in the Industrials sector before making investment decisions.
16-Year Financial Trajectory
AnnualHealth Breakdown
Dividend History
Dividend / share · sourced from SEC filingsNo quarterly dividend data reported to the SEC.
Statement lens
Choose the reporting cadence, isolate a period range, or search directly for a metric.
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ | FY 2016 Dec 31, 2016 20-F ↗ | FY 2015 Dec 31, 2015 20-F ↗ | FY 2014 Dec 31, 2014 20-F ↗ | FY 2013 Dec 31, 2013 20-F ↗ | FY 2012 Dec 31, 2012 20-F ↗ | FY 2011 Dec 31, 2011 20-F ↗ | FY 2010 Dec 31, 2010 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS Growth YoY (%) |
-63.9%
Weak
↓
Weak
Declining
Year-over-year change in earnings per share
Optimal:
> 10%
|
36.1%
Excellent
↑
Excellent
Improving
Year-over-year change in earnings per share
Optimal:
> 10%
|
-55.1%
Weak
Weak
Year-over-year change in earnings per share
Optimal:
> 10%
|
-5.6%
Weak
Weak
Year-over-year change in earnings per share
Optimal:
> 10%
|
N/M | — | — | — | — | — | — | — | — | — | — | — |
| Net Income Growth YoY (%) |
-60.4%
Weak
↓
Weak
Declining
Year-over-year change in net income |
25.9%
Excellent
↑
Excellent
Improving
Year-over-year change in net income |
-55.2%
Weak
Weak
Year-over-year change in net income |
-1.0%
Weak
Weak
Year-over-year change in net income |
N/M | N/M |
-42.1%
Weak
↓
Weak
Declining
Year-over-year change in net income |
N/M |
-51.3%
Weak
→
Weak
Stable
Year-over-year change in net income |
-16.7%
Weak
↑
Weak
Improving
Year-over-year change in net income |
N/M |
-82.4%
Weak
↓
Weak
Declining
Year-over-year change in net income |
-13.4%
Weak
Weak
Year-over-year change in net income |
7.1%
Fair
Fair
Year-over-year change in net income |
— | — |
| FCF Growth YoY (%) |
-18.1%
Weak
↓
Weak
Declining
Year-over-year change in free cash flow |
12.7%
Fair
↓
Fair
Declining
Year-over-year change in free cash flow |
-40.5%
Weak
↓
Weak
Declining
Year-over-year change in free cash flow |
-5.4%
Weak
Weak
Year-over-year change in free cash flow |
209.3%
Excellent
Excellent
Year-over-year change in free cash flow |
— | — | — | — | — | — | — | — | — | — | — |
| EPS CAGR 3Y (%) |
-39.6%
Weak
Weak
Compound annual EPS growth over 3 years |
-16.8%
Weak
Weak
Compound annual EPS growth over 3 years |
— | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ | FY 2016 Dec 31, 2016 20-F ↗ | FY 2015 Dec 31, 2015 20-F ↗ | FY 2014 Dec 31, 2014 20-F ↗ | FY 2013 Dec 31, 2013 20-F ↗ | FY 2012 Dec 31, 2012 20-F ↗ | FY 2011 Dec 31, 2011 20-F ↗ | FY 2010 Dec 31, 2010 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF / Net Income (x) |
2.65x
Excellent
↑
Excellent
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
1.34x
Good
→
Good
Stable
Free cash flow relative to reported net income
Optimal:
> 1x
|
1.58x
Excellent
↑
Excellent
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
1.26x
Good
↑
Good
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
1.25x
Good
↑
Good
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
-4.91x
Weak
↓
Weak
Declining
Free cash flow relative to reported net income
Optimal:
> 1x
|
3.63x
Excellent
↑
Excellent
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
3.09x
Excellent
↑
Excellent
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
-0.59x
Weak
Weak
Free cash flow relative to reported net income
Optimal:
> 1x
|
-0.24x
Weak
Weak
Free cash flow relative to reported net income
Optimal:
> 1x
|
— | — | — | — | — | — |
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ | FY 2016 Dec 31, 2016 20-F ↗ | FY 2015 Dec 31, 2015 20-F ↗ | FY 2014 Dec 31, 2014 20-F ↗ | FY 2013 Dec 31, 2013 20-F ↗ | FY 2012 Dec 31, 2012 20-F ↗ | FY 2011 Dec 31, 2011 20-F ↗ | FY 2010 Dec 31, 2010 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Invested Capital (%) |
4.0%
Caution
↓
Caution
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
7.4%
Fair
↓
Fair
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
6.3%
Caution
↓
Caution
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
12.2%
Good
↑
Good
Improving
Return earned on debt + equity capital invested
Optimal:
> 10%
|
14.5%
Good
↑
Good
Improving
Return earned on debt + equity capital invested
Optimal:
> 10%
|
0.8%
Weak
↑
Weak
Improving
Return earned on debt + equity capital invested
Optimal:
> 10%
|
3.2%
Weak
↑
Weak
Improving
Return earned on debt + equity capital invested
Optimal:
> 10%
|
4.2%
Caution
↑
Caution
Improving
Return earned on debt + equity capital invested
Optimal:
> 10%
|
-5.3%
Weak
↓
Weak
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
-2.1%
Weak
↓
Weak
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
-1.9%
Weak
↓
Weak
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
1.8%
Weak
↓
Weak
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
6.8%
Caution
↓
Caution
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
8.5%
Fair
Fair
Return earned on debt + equity capital invested
Optimal:
> 10%
|
25.9%
Excellent
Excellent
Return earned on debt + equity capital invested
Optimal:
> 10%
|
— |
| Return on Capital (%) (%) |
5.0%
Caution
↓
Caution
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
9.2%
Fair
↓
Fair
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
7.8%
Fair
↓
Fair
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
14.8%
Good
↑
Good
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
17.5%
Excellent
↑
Excellent
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
0.9%
Weak
↑
Weak
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
4.0%
Weak
↑
Weak
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
5.2%
Caution
↑
Caution
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
-6.7%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
-2.7%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
-2.4%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
2.3%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
8.3%
Fair
Fair
Operating profit relative to total assets
Optimal:
> 10%
|
10.3%
Good
Good
Operating profit relative to total assets
Optimal:
> 10%
|
— | — |
| Return on Common Equity (%) (%) |
4.6%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-69%)
|
11.7%
Fair
↓
Fair
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-22%)
|
9.8%
Caution
↓
Caution
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-35%)
|
22.4%
Excellent
↑
Excellent
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Above avg (+49%)
|
25.7%
Excellent
↑
Excellent
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Above avg (+71%)
|
-2.9%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-119%)
|
3.4%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-77%)
|
5.9%
Caution
↑
Caution
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-60%)
|
-18.6%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-224%)
|
-9.7%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-164%)
|
-7.6%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-150%)
|
2.1%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-86%)
|
14.4%
Fair
↓
Fair
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
At sector avg
|
22.6%
Excellent
Excellent
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Above avg (+50%)
|
27.0%
Excellent
Excellent
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Above avg (+80%)
|
— |
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ | FY 2016 Dec 31, 2016 20-F ↗ | FY 2015 Dec 31, 2015 20-F ↗ | FY 2014 Dec 31, 2014 20-F ↗ | FY 2013 Dec 31, 2013 20-F ↗ | FY 2012 Dec 31, 2012 20-F ↗ | FY 2011 Dec 31, 2011 20-F ↗ | FY 2010 Dec 31, 2010 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt to Equity (x) |
0.66x
Fair
↑
Fair
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-6%)
|
0.66x
Fair
↑
Fair
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-6%)
|
0.65x
Fair
↓
Fair
Declining
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-7%)
|
0.55x
Good
↓
Good
Declining
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-22%)
|
0.53x
Good
↓
Good
Declining
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-24%)
|
1.39x
Caution
↑
Caution
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+98%)
|
1.28x
Caution
↑
Caution
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+83%)
|
1.24x
Caution
↑
Caution
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+78%)
|
1.25x
Caution
↑
Caution
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+79%)
|
1.02x
Caution
↑
Caution
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+45%)
|
1.06x
Caution
↑
Caution
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+51%)
|
0.67x
Fair
↓
Fair
Declining
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
At sector avg
|
0.88x
Fair
Fair
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+26%)
|
1.45x
Caution
Caution
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+107%)
|
— | — |
| Interest Coverage (x) |
1.99x
Caution
↓
Caution
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
4.36x
Fair
↓
Fair
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
4.22x
Fair
↓
Fair
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
10.77x
Excellent
↑
Excellent
Improving
Operating income divided by interest expense
Optimal:
> 5x
|
13.00x
Excellent
↑
Excellent
Improving
Operating income divided by interest expense
Optimal:
> 5x
|
0.49x
Weak
↑
Weak
Improving
Operating income divided by interest expense
Optimal:
> 5x
|
1.64x
Caution
↑
Caution
Improving
Operating income divided by interest expense
Optimal:
> 5x
|
2.17x
Caution
↑
Caution
Improving
Operating income divided by interest expense
Optimal:
> 5x
|
-2.98x
Weak
↓
Weak
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
-1.60x
Weak
↓
Weak
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
-2.75x
Weak
↓
Weak
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
3.21x
Fair
↓
Fair
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
10.22x
Excellent
↓
Excellent
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
12.34x
Excellent
Excellent
Operating income divided by interest expense
Optimal:
> 5x
|
20.75x
Excellent
Excellent
Operating income divided by interest expense
Optimal:
> 5x
|
— |
| Net Debt (USD) | $407.01M | $464.51M | $467.74M | $373.39M | $259.27M | $526.19M | $526.88M | $527.70M | $525.59M | $506.05M | $540.95M | $362.26M | $443.62M | $512.94M | $-28.12M | $-65.33M |
| Debt / EBITDA (x) |
4.22x
Weak
↑
Weak
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
2.92x
Fair
↑
Fair
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
3.26x
Caution
↓
Caution
Declining
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
1.81x
Good
↓
Good
Declining
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
1.48x
Good
↓
Good
Declining
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
9.52x
Weak
↑
Weak
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
6.42x
Weak
↑
Weak
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
5.58x
Weak
↓
Weak
Declining
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
-31.98x
Excellent
↓
Excellent
Declining
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
32.51x
Weak
↑
Weak
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
44.43x
Weak
↑
Weak
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
6.73x
Weak
↑
Weak
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
3.90x
Caution
Caution
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
4.27x
Weak
Weak
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
— | — |
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ | FY 2016 Dec 31, 2016 20-F ↗ | FY 2015 Dec 31, 2015 20-F ↗ | FY 2014 Dec 31, 2014 20-F ↗ | FY 2013 Dec 31, 2013 20-F ↗ | FY 2012 Dec 31, 2012 20-F ↗ | FY 2011 Dec 31, 2011 20-F ↗ | FY 2010 Dec 31, 2010 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Working Capital (USD) | $131.54M | $78.92M | $90.99M | $66.38M | $35.42M | $30.02M | $49.20M | $46.66M | $42.15M | $87.23M | $137.44M | $108.56M | $115.88M | $124.34M | — | — |
| LT Debt (USD) | $548.59M | $545.59M | $515.93M | $422.58M | $360.28M | $616.22M | $605.82M | $579.58M | $571.79M | $587.66M | $671.69M | $469.57M | $508.30M | $615.67M | — | — |
| Total Equity (USD) | $830.71M | $831.62M | $792.51M | $771.92M | $679.24M | $444.75M | $472.74M | $465.83M | $456.35M | $578.54M | $634.15M | $700.10M | $578.34M | $425.86M | $331.84M | $244.13M |
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ | FY 2016 Dec 31, 2016 20-F ↗ | FY 2015 Dec 31, 2015 20-F ↗ | FY 2014 Dec 31, 2014 20-F ↗ | FY 2013 Dec 31, 2013 20-F ↗ | FY 2012 Dec 31, 2012 20-F ↗ | FY 2011 Dec 31, 2011 20-F ↗ | FY 2010 Dec 31, 2010 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation Expense (USD) | $59.88M | $58.13M | $54.13M | $48.22M | $52.14M | $54.27M | $50.31M | $48.07M | $51.42M | $49.48M | $47.13M | $43.08M | $37.39M | $32.25M | $23.64M | — |
| Net Income, GAAP (USD) | $38.56M | $97.38M | $77.35M | $172.55M | $174.35M | $-12.90M | $16.04M | $27.68M | $-84.68M | $-55.97M | $-47.94M | $14.63M | $83.26M | $96.12M | $89.73M | — |
| Operating Cash Flow (USD) | $102.29M | $130.46M | $122.21M | $218.05M | $217.21M | $63.38M | $58.28M | $85.45M | $50.10M | $13.48M | — | — | — | — | — | — |
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Synced 1 week ago 16 years · 16 quarters