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SBLK (Star Bulk Carriers) Gross Margin % : 37.34% (As of Jun. 2024)


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What is Star Bulk Carriers Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Star Bulk Carriers's Gross Profit for the three months ended in Jun. 2024 was $132 Mil. Star Bulk Carriers's Revenue for the three months ended in Jun. 2024 was $353 Mil. Therefore, Star Bulk Carriers's Gross Margin % for the quarter that ended in Jun. 2024 was 37.34%.


The historical rank and industry rank for Star Bulk Carriers's Gross Margin % or its related term are showing as below:

SBLK' s Gross Margin % Range Over the Past 10 Years
Min: -24.7   Med: 17.05   Max: 54.29
Current: 34.32


During the past 13 years, the highest Gross Margin % of Star Bulk Carriers was 54.29%. The lowest was -24.70%. And the median was 17.05%.

SBLK's Gross Margin % is ranked better than
77.4% of 947 companies
in the Transportation industry
Industry Median: 19.6 vs SBLK: 34.32

Star Bulk Carriers had a gross margin of 37.34% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Star Bulk Carriers was 14.90% per year.


Star Bulk Carriers Gross Margin % Historical Data

The historical data trend for Star Bulk Carriers's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Star Bulk Carriers Gross Margin % Chart

Star Bulk Carriers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.67 14.19 54.29 47.14 27.31

Star Bulk Carriers Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.43 25.10 33.61 38.85 37.34

Competitive Comparison of Star Bulk Carriers's Gross Margin %

For the Marine Shipping subindustry, Star Bulk Carriers's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Star Bulk Carriers's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Star Bulk Carriers's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Star Bulk Carriers's Gross Margin % falls into.



Star Bulk Carriers Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Star Bulk Carriers's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=259.2 / 949.269
=(Revenue - Cost of Goods Sold) / Revenue
=(949.269 - 690.033) / 949.269
=27.31 %

Star Bulk Carriers's Gross Margin for the quarter that ended in Jun. 2024 is calculated as


Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=131.8 / 352.875
=(Revenue - Cost of Goods Sold) / Revenue
=(352.875 - 221.115) / 352.875
=37.34 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Star Bulk Carriers  (NAS:SBLK) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Star Bulk Carriers had a gross margin of 37.34% for the quarter that ended in Jun. 2024 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Star Bulk Carriers Gross Margin % Related Terms

Thank you for viewing the detailed overview of Star Bulk Carriers's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Star Bulk Carriers Business Description

Traded in Other Exchanges
Address
C/o Star Bulk Management Inc, 40 Agiou Konstantinou Street, Maroussi, Athens, GRC, 15124
Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax. It generates revenues through the voyages it carries out.
Executives
Ramius Advisors Llc 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Rcg Enterprise Ltd 10 percent owner 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Rcg Carpathia Master Fund Ltd 10 percent owner C/O RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022
Rcg Baldwin Lp 10 percent owner C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Peter A Cohen 10 percent owner, other: See Explanation of Responses 40 WEST 57TH STREET, SUITE 2020, NEW YORK NY 10019
Thomas W Strauss 10 percent owner, other: See Explanation of Responses 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Ramius Capital Group Llc 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
C4s & Co Llc 10 percent owner, other: See Explanation of Responses RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022
Morgan B Stark 10 percent owner, other: See Explanation of Responses C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Jeffrey M Solomon 10 percent owner, other: See Explanation of Responses 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022