InsiderClue
Stocks · Industrials · Deep Sea Foreign Transportation of Freight

SAFE BULKERS, INC.

SB Clue Score40
Monaco CIK 0001434754
$8.53 -3.29% Close, 9 Oct 2026
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Price $8.53 +70.26% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Operating incomeNet income
Fiscal year 2016Operating income−31.4Net income−56.0Fiscal year 2017Operating income−69.3Net income−84.7Fiscal year 2018Operating income55.9Net income27.7Fiscal year 2019Operating income44.1Net income16.0 −42.1%EPS, diluted0.04Fiscal year 2020Operating income10.5Net income−12.9 −180.5%EPS, diluted−0.25 −725.0%Fiscal year 2021Operating income191.4Net income174.3EPS, diluted1.44Fiscal year 2022Operating income184.6Net income172.6 −1.0%EPS, diluted1.36 −5.6%Fiscal year 2023Operating income104.1Net income77.4 −55.2%EPS, diluted0.61 −55.1%Fiscal year 2024Operating income128.4Net income97.4 +25.9%EPS, diluted0.83 +36.1%Fiscal year 2025Operating income70.0Net income38.6 −60.4%EPS, diluted0.30 −63.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating income −31.4 −69.3 55.9 44.1 10.5 191.4 184.6 104.1 128.4 70.0
Net income −56.0 −84.7 27.7 16.0 −12.9 174.3 172.6 77.4 97.4 38.6
Growth −42.1% −180.5% −1.0% −55.2% +25.9% −60.4%
EPS, diluted n/a n/a n/a 0.04 −0.25 1.44 1.36 0.61 0.83 0.30
Growth −725.0% −5.6% −55.1% +36.1% −63.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow13.5Buybacks−0.1Fiscal year 2017Operating cash flow50.1Buybacks0.0Fiscal year 2018Operating cash flow85.4Buybacks−0.6Fiscal year 2019Operating cash flow58.3Buybacks−4.2Fiscal year 2020Operating cash flow63.4Buybacks−6.0Fiscal year 2021Operating cash flow217.2Buybacks0.0Fiscal year 2022Operating cash flow218.0Buybacks−9.1Fiscal year 2023Operating cash flow122.2Buybacks−26.2Fiscal year 2024Operating cash flow130.5Buybacks−28.9Fiscal year 2025Operating cash flow102.3Buybacks−11.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 13.5 50.1 85.4 58.3 63.4 217.2 218.0 122.2 130.5 102.3
Buybacks −0.1 0.0 −0.6 −4.2 −6.0 0.0 −9.1 −26.2 −28.9 −11.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash81.6Total debt587.7Net cash (debt)−506.0Shareholders’ equity578.5Debt to equity1.02Fiscal year 2017Cash46.2Total debt571.8Net cash (debt)−525.6Shareholders’ equity456.3Debt to equity1.25Fiscal year 2018Cash51.9Total debt579.6Net cash (debt)−527.7Shareholders’ equity465.8Debt to equity1.24Fiscal year 2019Cash78.9Total debt605.8Net cash (debt)−526.9Shareholders’ equity472.7Debt to equity1.28Fiscal year 2020Cash90.0Total debt612.2Net cash (debt)−522.2Shareholders’ equity444.7Debt to equity1.38Fiscal year 2021Cash101.0Total debt360.3Net cash (debt)−259.3Shareholders’ equity679.2Debt to equity0.53Fiscal year 2022Cash49.2Total debt422.6Net cash (debt)−373.4Shareholders’ equity771.9Debt to equity0.55Fiscal year 2023Cash48.2Total debt515.9Net cash (debt)−467.7Shareholders’ equity792.5Debt to equity0.65Fiscal year 2024Cash81.1Total debt545.6Net cash (debt)−464.5Shareholders’ equity831.6Debt to equity0.66Fiscal year 2025Cash141.6Total debt548.6Net cash (debt)−407.0Shareholders’ equity830.7Debt to equity0.66
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 81.6 46.2 51.9 78.9 90.0 101.0 49.2 48.2 81.1 141.6
Total debt 587.7 571.8 579.6 605.8 612.2 360.3 422.6 515.9 545.6 548.6
Net cash (debt) −506.0 −525.6 −527.7 −526.9 −522.2 −259.3 −373.4 −467.7 −464.5 −407.0
Shareholders’ equity 578.5 456.3 465.8 472.7 444.7 679.2 771.9 792.5 831.6 830.7
Debt to equity 1.02 1.25 1.24 1.28 1.38 0.53 0.55 0.65 0.66 0.66

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
13.5 50.1 85.4 58.3 63.4 217.2 218.0 122.2 130.5 102.3
Growth +271.7% +70.6% −31.8% +8.7% +242.7% +0.4% −44.0% +6.8% −21.6%
Investment
−39.9 −39.6 −63.7 −36.8 −34.8 8.6 −229.4 −151.7 −71.7 9.7
Financing
−83.9 −47.1 −15.6 8.5 −9.3 −225.9 −40.1 29.1 −25.9 −52.4
−0.1 0.0 −0.6 −4.2 −6.0 0.0 −9.1 −26.2 −28.9 −11.0

Capital expenditure, dividends and buybacks are shown as money out, so negative.