SB (Safe Bulkers) Pre-Tax Income: $87.0 Mil (TTM As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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SB Safe Bulkers Inc SB
58 GF Score
Price $8.81
GF Value $5.10
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Safe Bulkers Pre-Tax Income?

Safe Bulkers SB -4.03% 58 Pre-Tax Income is $87.0 Mil as of Jun. 2026. GuruFocus rates SB with a GF Score™ of 58/100 and a GF Value™ of $5.10 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Safe Bulkers's pretax income for the three months ended in Jun. 2026 was $35.2 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $87.0 Mil. Safe Bulkers's pretax margin was 40.20%.

During the past 13 years, Safe Bulkers's highest Pretax Margin was 52.99%. The lowest was -57.20%. And the median was 14.16%.


Safe Bulkers  (NYSE:SB) Pre-Tax Income Explanation

Safe Bulkers's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=35.157000000251/87.465000000624
=40.20%

During the past 13 years, Safe Bulkers's highest Pretax Margin was 52.99%. The lowest was -57.20%. And the median was 14.16%.

* 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.


Safe Bulkers Pre-Tax Income Related Terms


Safe Bulkers Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Safe Bulkers's Pre-Tax Income 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.

Safe Bulkers Pre-Tax Income Chart

Safe Bulkers Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 174.35 172.55 77.35 97.38 38.56

Safe Bulkers Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income 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 1.70 17.78 11.84 22.21 35.16

SB vs ASC, GNK, ESEA: Pre-Tax Income Comparison

For the Marine Shipping subindustry, Safe Bulkers's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.


Safe Bulkers Pre-Tax Income vs Transportation Industry

For the Transportation industry and Industrials sector, Safe Bulkers's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Safe Bulkers's Pre-Tax Income falls into.


SB
58GF Score
Safe Bulkers Inc SB
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Safe Bulkers Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Safe Bulkers's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=65.371000000715++-33.80500000037+5.120000000056+1.877000000021
=38.6

Safe Bulkers's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=35.911000000256++-6.8900000000492+1.5900000000113+4.5460000000329
=35.2

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $87.0 Mil.

* 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $87.0 Mil mean?
Safe Bulkers (SB) has a Pre-Tax Income of $87.0 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Safe Bulkers and its competitors.
Is Safe Bulkers' Pre-Tax Income too high?
Safe Bulkers' current Pre-Tax Income is $87.0 Mil. Overall, Safe Bulkers has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Pre-Tax Income compare to ASC and GNK?
Safe Bulkers' Pre-Tax Income of $87.0 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Transportation company?
A good Pre-Tax Income depends on the Transportation industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Safe Bulkers and its competitors. Safe Bulkers's current Pre-Tax Income is $87.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safe Bulkers stock overvalued right now?
Based on GuruFocus' analysis, Safe Bulkers (SB) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.10, compared to a current price of $8.81 — trading 72.7% above its estimated fair value. The current Pre-Tax Income is $87.0 Mil. Safe Bulkers' overall GF Score™ is 58/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Safe Bulkers (SB), the current Pre-Tax Income is $87.0 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Safe Bulkers (SB) Overvalued in 2026?

Based on GuruFocus' analysis, Safe Bulkers stock appears to be overvalued. The current stock price of $8.81 is trading 72.7% above its estimated GF Value™ of $5.10. GuruFocus considers Safe Bulkers to be Significantly Overvalued.

Key valuation signals for SB:

  • Pre-Tax Income: $87.0 Mil
  • GF Value™: $5.10 vs. price of $8.81 (72.7% above fair value)
  • GF Score™: 58/100 with 8 warning signs

No single metric tells the full story. See the SB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Safe Bulkers Business Description

Address 6, Avenue des Citronniers, Apartment D11, Les Acanthes, Monaco City, MCO, MC98000
Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain, and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services. The company generates almost all of its revenue from Time Charters.
58GF Score

Get the complete analysis for SB

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.81
Price
$5.10
GF Value