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Star Bulk Carriers

SBLK
68
Marine Shipping · Industrials
Exchange
NASDAQ
Winston Score
68
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Strong
Growth
Good
Cash Flow
Exceptional
Stability
Strong
Valuation
Strong
Dividends
Mixed

Winston Score History

The full picture

Star Bulk Carriers is a Greek shipping company that transports dry bulk commodities — things like iron ore, coal, grain, and fertilizers — across the world's oceans. Its customers are large industrial companies, miners, and agricultural traders who need to move massive amounts of raw materials between continents. Star Bulk operates one of the largest dry bulk fleets in the world, with over 100 vessels of various sizes.

The company makes money by charging customers to use its ships, either through short-term spot market rates or longer fixed-rate contracts called time charters. It operates globally, with routes spanning Asia, Europe, the Americas, and beyond. Its large fleet gives it some scale advantages in costs and customer reach, but dry bulk shipping is a cyclical industry where freight rates can swing sharply based on global trade volumes and commodity demand. The biggest risk Star Bulk faces is a slowdown in Chinese industrial activity, which heavily drives demand for the raw materials its ships carry.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+44.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

>+1,000% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

24.1%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$567M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Star Bulk Carriers grew revenue 44% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
56.9%
Premium pricing power — 56.9% gross margin
Profit after running costs
Operating Margin
43.4%
Excellent — 43.4% operating margin
Return on the money invested
ROCE
9.6%
Below par — 9.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+6.3%
Slow sales growth (+6.3% YoY)
Profit growth
EPS YoY
+140.6%
Earnings growing fast (+140.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
158%
Turns 158% of profit into real cash
Spare cash per sale
FCF Margin
23.8%
Converts sales into free cash efficiently (23.8%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
0.41
Conservative — low debt load (0.41)
Covers its interest
Interest Cover
5.85x
Adequate interest coverage (5.8x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
11.3x
no trend
Attractive valuation — P/E 11.3

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+4.0
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (11.3 → 7.3)

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Dividends

Dividend
Dividend Yield
3.58%
no trend
Moderate income — 3.58% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
-28.5%
no trend
Dividend cut (-28.5% YoY) — warning sign

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