Financial Snapshot

Revenue
$318.4M
TTM
Gross Margin
65.12%
TTM
Net Earnings
$97.63M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
Total Liabilities
Book Value
Cash
P/E
4.101
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

Loading...

Revenue YoY Change

Loading...

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Revenue $284.4M $349.7M $329.0M $198.2M $197.8M $193.2M $148.0M $109.8M $127.3M $154.1M $186.7M $184.3M $168.9M $157.0M $164.6M $200.8M $165.8M $95.30M $79.70M
YoY Change -18.68% 6.29% 66.01% 0.2% 2.38% 30.54% 34.79% -13.75% -17.39% -17.46% 1.3% 9.12% 7.58% -4.62% -18.03% 21.11% 73.98% 19.57%

Expenses

Cost Of Revenues

Loading...

Gross Profit

Loading...

Gross Profit Margin

Loading...

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Revenue $284.4M $349.7M $329.0M $198.2M $197.8M $193.2M $148.0M $109.8M $127.3M $154.1M $186.7M $184.3M $168.9M $157.0M $164.6M $200.8M $165.8M $95.30M $79.70M
Cost Of Revenue $110.9M $48.05M $46.57M $75.90M $47.40M $39.70M $34.90M $37.30M $47.20M $45.60M $32.20M $24.50M $28.10M $12.10M $20.20M $17.90M $12.60M $13.50M $10.60M
Gross Profit $173.5M $301.7M $282.5M $122.2M $150.4M $153.5M $113.2M $72.50M $80.10M $108.5M $154.5M $159.8M $140.9M $145.0M $144.4M $182.9M $153.2M $81.80M $69.10M
Gross Profit Margin 61.02% 86.26% 85.85% 61.65% 76.04% 79.45% 76.49% 66.03% 62.92% 70.41% 82.75% 86.71% 83.42% 92.36% 87.73% 91.09% 92.4% 85.83% 86.7%

Selling, General & Admin Expense

Loading...

Research & Development

Loading...

Depreciation, Depletion & Amortization

Loading...

SGA Expense to Gross Profit Ratio

Loading...

R&D To Gross Profit Ratio

Loading...

DDA To Gross Profit Ratio

Loading...

Operating Expenses Total

Loading...

Operating Profits/Loss

Loading...

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Selling, General & Admin $23.76M $63.93M $57.73M $57.20M $55.60M $49.40M $38.00M $35.30M $40.70M $37.80M $31.30M $27.30M $8.500M $18.70M $7.000M $8.000M $3.700M $1.000M $800.0K
YoY Change -62.83% 10.75% 0.92% 2.88% 12.55% 30.0% 7.65% -13.27% 7.67% 20.77% 14.65% 221.18% -54.55% 167.14% -12.5% 116.22% 270.0% 25.0%
% of Gross Profit 13.69% 21.19% 20.44% 46.81% 36.97% 32.18% 33.57% 48.69% 50.81% 34.84% 20.26% 17.08% 6.03% 12.9% 4.85% 4.37% 2.42% 1.22% 1.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.13M $48.22M $52.36M $54.30M $50.30M $48.10M $51.40M $49.50M $47.10M $43.10M $37.40M $32.30M $23.60M $19.70M $13.90M $10.60M $9.600M $9.600M $7.600M
YoY Change 12.26% -7.92% -3.57% 7.95% 4.57% -6.42% 3.84% 5.1% 9.28% 15.24% 15.79% 36.86% 19.8% 41.73% 31.13% 10.42% 0.0% 26.32%
% of Gross Profit 31.19% 15.98% 18.54% 44.44% 33.44% 31.34% 45.41% 68.28% 58.8% 39.72% 24.21% 20.21% 16.75% 13.59% 9.63% 5.8% 6.27% 11.74% 11.0%
Operating Expenses $79.76M $117.0M $102.6M $111.8M $106.3M $97.60M $91.00M $84.00M $87.80M $81.40M $61.70M $47.80M $31.90M $38.20M -$54.00M $19.20M $34.70M $10.70M $8.400M
YoY Change -31.84% 14.03% -8.21% 5.17% 8.91% 7.25% 8.33% -4.33% 7.86% 31.93% 29.08% 49.84% -16.49% -170.74% -381.25% -44.67% 224.3% 27.38%
Operating Profit $93.77M $184.6M $179.8M $10.40M $44.10M $55.90M $22.20M -$11.50M -$7.700M $27.10M $92.80M $112.0M $109.0M $106.8M $198.4M $163.7M $118.5M $71.10M $60.70M
YoY Change -49.22% 2.68% 1629.2% -76.42% -21.11% 151.8% -293.04% 49.35% -128.41% -70.8% -17.14% 2.75% 2.06% -46.17% 21.2% 38.14% 66.67% 17.13%

Interest Expenses

Loading...

Interest Expenses To Operating Income %

Loading...

Other Expense/Income

Loading...

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Interest Expense -$26.04M $17.14M -$16.27M -$22.70M -$27.30M -$27.20M -$23.00M -$22.80M -$15.70M -$11.00M -$8.600M -$14.60M -$18.10M -$12.30M -$11.90M -$44.00M -$21.60M -$10.80M $7.300M
YoY Change -251.95% -205.33% -28.33% -16.85% 0.37% 18.26% 0.88% 45.22% 42.73% 27.91% -41.1% -19.34% 47.15% 3.36% -72.95% 103.7% 100.0% -247.95%
% of Operating Profit -27.77% 9.28% -9.05% -218.27% -61.9% -48.66% -103.6% -40.59% -9.27% -13.04% -16.61% -11.52% -6.0% -26.88% -18.23% -15.19% 12.03%
Other Income/Expense, Net -$756.0K -$1.353M -$798.0K -$600.0K -$700.0K -$1.000M $7.700M -$1.700M -$200.0K -$1.100M -$1.000M -$1.300M -$1.100M -$300.0K -$400.0K -$400.0K -$200.0K -$100.0K -$100.0K
YoY Change -44.12% 69.55% 33.0% -14.29% -30.0% -112.99% -552.94% 750.0% -81.82% 10.0% -23.08% 18.18% 266.67% -25.0% 0.0% 100.0% 100.0% 0.0%

Income/Loss

Pretax Income

Loading...

Income Tax

Loading...

Net Profits/Loss

Loading...

Pretax Income YoY Change

Loading...

Income Tax Rate

Loading...

Net Profits/Loss YoY Change

Loading...

Basic EPS

Loading...

Net Income To Revenue Ratio

Loading...

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Pretax Income $77.35M $172.6M $174.3M -$12.90M $16.00M $27.70M -$84.70M -$56.00M -$47.90M $14.60M $83.30M $96.10M $89.70M $109.3M $165.4M $119.2M $209.2M $97.20M $94.60M
YoY Change -55.17% -1.03% -1451.53% -180.63% -42.24% -132.7% 51.25% 16.91% -428.08% -82.47% -13.32% 7.13% -17.93% -33.92% 38.76% -43.02% 115.23% 2.75%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Net Earnings $69.35M $172.6M $174.3M -$12.90M $16.00M $27.70M -$84.70M -$56.00M -$47.90M $14.60M $83.30M $96.10M $89.70M $109.3M $165.4M $119.2M $209.2M $97.20M $94.60M
YoY Change -59.81% -1.03% -1451.53% -180.63% -42.24% -132.7% 51.25% 16.91% -428.08% -82.47% -13.32% 7.13% -17.93% -33.92% 38.76% -43.02% 115.23% 2.75%
Net Earnings / Revenue 24.38% 49.34% 52.99% -6.51% 8.09% 14.34% -57.23% -51.0% -37.63% 9.47% 44.62% 52.14% 53.11% 69.62% 100.49% 59.36% 126.18% 101.99% 118.7%
Basic Earnings Per Share $0.61 $1.36 $1.44 -$0.25
Diluted Earnings Per Share $0.61 $1.36 $1.533M -$125.7K $157.3K $272.6K -$839.4K -$662.7K -$573.7K $175.1K $1.075M $1.273M $1.291M $1.727M $3.035M $2.187M $3.839M $1.783M $1.736M

Assets & Liabilities

Cash & Short-Term Investments

Loading...

Cash & Equivalents

Loading...

Cash To Operating Expenses Ratio

Loading...

Inventory

Loading...

Receivables

Loading...

Total Short-Term Assets

Loading...

Property, Plant And Equipment

Loading...

Long-Term Investments

Loading...

Total Long-Term Assets

Loading...

Total Assets

Loading...

Net Income To Total Assets Percentage

Loading...

Accounts Payable

Loading...

Short-Term Debt

Loading...

Long Term Debt Due

Loading...

Total Short-Term Liabilities

Loading...

Long-Term Debt

Loading...

Other Long-Term Liabilities

Loading...

Total Long-Term Liabilities

Loading...

Total Liabilities

Loading...

Short-Term To Long-Term Debt Ratio

Loading...

Short-Term Assets To Debt Ratio

Loading...

Long-Term Debt To Net Income Ratio

Loading...

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Cash & Short-Term Investments $89.94M $113.4M $102.1M $101.8M $106.4M $81.80M $58.40M $93.60M $132.2M $107.3M $114.7M $102.7M $28.10M $100.4M $76.30M $49.00M $0.00
YoY Change -20.67% 11.06% 0.28% -4.32% 30.07% 40.07% -37.61% -29.2% 23.21% -6.45% 11.68% 265.48% -72.01% 31.59% 55.71%
Cash & Equivalents $89.94M $49.19M $101.0M $90.00M $78.90M $51.90M $46.20M $81.60M $130.7M $107.3M $64.70M $102.7M $28.10M $65.30M $18.40M $27.70M $0.00
Short-Term Investments $50.00M $0.00 $35.10M $57.90M $21.30M $0.00
Other Short-Term Assets $32.55M $20.50M $5.297M $15.90M $4.500M $3.600M $5.500M $3.400M $98.30M $12.90M $9.600M $26.20M $1.600M $1.200M $26.20M $37.30M $0.00 $40.60M
YoY Change 58.75% 287.09% -66.69% 253.33% 25.0% -34.55% 61.76% -96.54% 662.02% 34.37% -63.36% 1537.5% 33.33% -95.42% -29.76% -100.0%
Inventory $16.65M $17.32M $8.653M $12.00M $9.300M $4.100M $4.200M $5.200M $5.200M $11.20M $12.60M $5.900M $2.700M $1.400M $1.200M $1.200M $800.0K $600.0K
Prepaid Expenses
Receivables $8.786M $6.475M $8.082M $4.900M $15.40M $11.10M $10.60M $8.200M $6.500M $4.500M $4.600M $37.00M $5.600M $1.300M $1.900M $500.0K $1.700M $1.400M
Other Receivables $14.00K $22.00K $0.00 $0.00 $500.0K $600.0K $400.0K $600.0K $1.000M $0.00 $31.80M $0.00 $0.00 $0.00 $0.00 $100.0K $96.40M $239.4M
Total Short-Term Assets $122.5M $157.7M $124.1M $134.7M $136.0M $101.3M $79.10M $111.0M $243.2M $135.9M $173.2M $171.8M $38.00M $104.3M $105.6M $88.10M $98.90M $282.0M
YoY Change -22.33% 27.06% -7.86% -0.96% 34.25% 28.07% -28.74% -54.36% 78.96% -21.54% 0.81% 352.11% -63.57% -1.23% 19.86% -10.92% -64.93%
Property, Plant & Equipment $1.181B $1.077B $952.8M $951.3M $964.0M $963.9M $946.5M $1.052B $1.057B $1.035B $931.5M $849.9M $777.7M $640.3M $467.5M $387.3M $308.3M $253.4M
YoY Change 9.64% 13.08% 0.16% -1.32% 0.01% 1.84% -10.0% -0.45% 2.11% 11.08% 9.6% 9.28% 21.46% 36.96% 20.71% 25.62% 21.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.669M $1.156M $5.879M $100.0K $0.00 $100.0K $200.0K $500.0K $800.0K $50.00M $50.00M $54.50M $50.10M $1.400M $0.00
YoY Change 130.88% -80.34% 5779.0% -100.0% -50.0% -60.0% -37.5% -98.4% 0.0% -8.26% 8.78% 3478.57%
Other Assets $36.10M $9.661M $11.51M $19.60M $14.70M $11.10M $9.500M $10.90M $9.800M $5.400M $6.800M $10.50M $11.60M $6.400M $5.400M $5.500M $400.0K $300.0K
YoY Change 273.7% -16.08% -41.27% 33.33% 32.43% 16.84% -12.84% 11.22% 81.48% -20.59% -35.24% -9.48% 81.25% 18.52% -1.82% 1275.0% 33.33%
Total Long-Term Assets $1.217B $1.088B $970.2M $970.9M $978.6M $974.9M $956.0M $1.063B $1.066B $1.041B $939.0M $910.4M $839.3M $701.1M $523.1M $394.2M $308.8M $253.8M
YoY Change 11.86% 12.16% -0.07% -0.79% 0.38% 1.98% -10.05% -0.34% 2.49% 10.81% 3.14% 8.47% 19.71% 34.03% 32.7% 27.66% 21.67%
Total Assets $1.340B $1.246B $1.094B $1.106B $1.115B $1.076B $1.035B $1.174B $1.310B $1.176B $1.112B $1.082B $877.3M $805.4M $628.7M $482.3M $407.7M $535.8M
YoY Change
Accounts Payable $10.44M $10.49M $9.985M $13.50M $13.00M $6.100M $4.100M $5.400M $5.300M $3.000M $4.100M $3.100M $1.200M $1.500M $2.700M $1.600M $1.200M $1.100M
YoY Change -0.43% 5.03% -26.04% 3.85% 113.11% 48.78% -24.07% 1.89% 76.67% -26.83% 32.26% 158.33% -20.0% -44.44% 68.75% 33.33% 9.09%
Accrued Expenses $8.383M $10.77M $5.371M $4.700M $6.600M $6.900M $3.700M $4.200M $4.000M $4.500M $3.900M $6.400M $6.600M $5.900M $7.400M $6.000M $11.30M $1.900M
YoY Change -22.13% 100.45% 14.28% -28.79% -4.35% 86.49% -11.9% 5.0% -11.11% 15.38% -39.06% -3.03% 11.86% -20.27% 23.33% -46.9% 494.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $24.78M $43.56M $61.86M $75.80M $64.10M $36.20M $25.60M $12.20M $77.50M $15.70M $35.20M $19.20M $18.50M $27.70M $15.70M $54.80M $16.60M $8.300M
YoY Change -43.11% -29.59% -18.39% 18.25% 77.07% 41.41% 109.84% -84.26% 393.63% -55.4% 83.33% 3.78% -33.21% 76.43% -71.35% 230.12% 100.0%
Total Short-Term Liabilities $55.73M $91.32M $88.69M $104.7M $86.80M $54.60M $36.90M $23.80M $105.7M $27.30M $57.30M $47.50M $51.70M $53.00M $65.60M $70.90M $44.00M $172.3M
YoY Change -38.97% 2.96% -15.29% 20.62% 58.97% 47.97% 55.04% -77.48% 287.18% -52.36% 20.63% -8.12% -2.45% -19.21% -7.48% 61.14% -74.46%
Long-Term Debt $482.4M $370.8M $315.8M $550.0M $554.2M $555.5M $541.8M $569.8M $569.4M $447.9M $473.1M $596.5M $465.8M $467.1M $421.0M $413.5M $306.3M $134.5M
YoY Change 30.09% 17.42% -42.58% -0.76% -0.23% 2.53% -4.91% 0.07% 27.13% -5.33% -20.69% 28.06% -0.28% 10.95% 1.81% 35.0% 127.73%
Other Long-Term Liabilities $9.181M $11.88M $10.59M $6.200M $900.0K $300.0K $0.00 $1.700M $400.0K $1.100M $3.500M $12.40M $28.00M $41.20M $45.00M $33.50M $3.000M $0.00
YoY Change -22.71% 12.15% 70.84% 588.89% 200.0% -100.0% 325.0% -63.64% -68.57% -71.77% -55.71% -32.04% -8.44% 34.33% 1016.67%
Total Long-Term Liabilities $491.6M $382.7M $326.4M $556.2M $555.1M $555.8M $541.8M $571.5M $569.8M $449.0M $476.6M $608.9M $493.8M $508.3M $466.0M $447.0M $309.3M $134.5M
YoY Change 28.45% 17.25% -41.32% 0.2% -0.13% 2.58% -5.2% 0.3% 26.9% -5.79% -21.73% 23.31% -2.85% 9.08% 4.25% 44.52% 129.96%
Total Liabilities $547.3M $474.0M $415.1M $660.9M $641.9M $610.4M $578.7M $595.2M $675.5M $476.3M $533.9M $656.4M $545.4M $561.2M $531.5M $517.8M $353.3M $306.7M
YoY Change 15.46% 14.2% -37.19% 2.96% 5.16% 5.48% -2.77% -11.89% 41.82% -10.79% -18.66% 20.35% -2.82% 5.59% 2.65% 46.56% 15.19%

Ownership

Basic Shares Outstanding

Loading...

Diluted Shares Outstanding

Loading...

Preferred Stock

Loading...

Treasury Stock Shares

Loading...

Stock Issuance & Repurchase

Loading...

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Basic Shares Outstanding 113.6M shares 120.7M shares 113.7M shares 102.6M shares
Diluted Shares Outstanding 113.6M shares 120.7M shares 113.7M shares 102.6M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Loading...

Book Value

Loading...

Free Cash Flow

Loading...

Free Cash Flow YoY

Loading...

Free Cash Flow Margin

Loading...

Dividends

Dividends

Loading...

Stock Price

Loading...
Market Cap: $400.39 Million

About SAFE BULKERS, INC.

Safe Bulkers, Inc. provides international marine drybulk transportation services. The firm's principal business is the acquisition, ownership and operation of drybulk vessels. The firm's vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The firm is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world. As of February 17, 2017 the Company's fleet included 38 vessels, of which 14 are Panamax class vessels, nine are Kamsarmax class vessels, 12 are Post-Panamax class vessels and three are Capesize class vessels, with an aggregate carrying capacity of 3,421,800 deadweight tonnage (dwt). The firm's fleet of Post-Panamax vessels includes Marina, Xenia, Sophia, Eleni, Martine, Andreas K, Panayiota K, Venus Heritage, Venus History, Venus Horizon and Troodos Sun. Its fleet of Capesize vessels includes Kanaris, Pelopidas and Lake Despina.

Industry: Deep Sea Foreign Transportation of Freight Peers: Costamare Inc. ENETI INC. Navios Maritime Holdings Inc. Navios Maritime Partners L.P.