Star Bulk Q1 EPS jumps 900% YoY to $0.56, boosts payouts with 100% free cash flow dividends
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company's vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of December 31, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 24 Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels. The company also provides vessel management services. Star Bulk Carriers Corp. was incorporated in 2006 and is based in Marousi, Greece.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.27B | $949.27M | $1.44B | $1.43B | $693.24M | $821.37M | $651.56M | $331.98M |
| Cost of Revenue | $682.82M | $554.52M | $616.45M | $497.18M | $450.48M | $582.69M | $362.15M | $180.68M |
| Gross Profit | $582.64M | $394.75M | $820.71M | $930.25M | $242.76M | $238.67M | $289.41M | $151.30M |
| Gross Margin | 46.04% | 41.58% | 57.11% | 65.17% | 35.02% | 29.06% | 44.42% | 45.58% |
| Operating Expenses | $199.64M | $156.29M | $213.11M | $190.84M | $158.78M | $164.97M | $157.47M | $112.46M |
| Operating Income | $383.00M | $238.46M | $607.60M | $739.40M | $83.99M | $73.70M | $131.94M | $38.84M |
| Operating Margin | 30.27% | 25.12% | 42.28% | 51.80% | 12.12% | 8.97% | 20.25% | 11.70% |
| Net Income | $304.65M | $173.56M | $566.00M | $680.53M | $9.66M | $-16.20M | $58.40M | $-9.77M |
| Net Margin | 24.07% | 18.28% | 39.38% | 47.68% | 1.39% | -1.97% | 8.96% | -2.94% |
| EPS (Basic) | $2.85 | $1.76 | $5.54 | $6.73 | $0.10 | $-0.17 | $0.76 | $-0.16 |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |