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Danaos vs Star Bulk Carriers: revenue, profit, margins and growth compared

Danaos brought in $1B of revenue in fiscal 2025, Star Bulk Carriers $1B in fiscal 2025. Revenue changed by +2.8% at Danaos and -17.6% at Star Bulk Carriers on the year before, so Danaos grew faster. Danaos kept 47.4% of its revenue as net profit, Star Bulk Carriers 8.1%.

Side by side, latest fiscal year

DACSBLK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1B$1B
Revenue growth+2.8%-17.6%
Net income$494.6M$84.2M
Net margin47.4%8.1%
Free cash flown/a$211.9M
Free cash flow marginn/a20.3%
Earnings per share (diluted)$26.76$0.73
Cash$1B$488.5M
Debt$1.2Bn/a
Price to earningsn/an/a
Market value$2.8B$3.3B
Dividend yieldn/an/a
Rank by revenue in sector#455 of 778 · Consumer discretionary#454 of 778 · Consumer discretionary

Over the years

Revenue
DAC FY2018: $458.7MDAC FY2019: $447.2MDAC FY2020: $461.6MDAC FY2021: $689.5MDAC FY2022: $993.3MDAC FY2023: $973.6MDAC FY2024: $1BDAC FY2025: $1BSBLK FY2018: $651.6MSBLK FY2019: $821.4MSBLK FY2020: $693.2MSBLK FY2021: $1.4BSBLK FY2022: $1.4BSBLK FY2023: $949.3MSBLK FY2024: $1.3BSBLK FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
DAC $1BSBLK $1B
Net income
DAC FY2018: -$32.9MDAC FY2019: $131.3MDAC FY2020: $153.6MDAC FY2021: $1.1BDAC FY2022: $559.2MDAC FY2023: $576.3MDAC FY2024: $505.1MDAC FY2025: $494.6MSBLK FY2018: $58.4MSBLK FY2019: -$16.2MSBLK FY2020: $9.7MSBLK FY2021: $680.5MSBLK FY2022: $566MSBLK FY2023: $173.6MSBLK FY2024: $304.7MSBLK FY2025: $84.2MFY18FY19FY20FY21FY22FY23FY24FY25
DAC $494.6MSBLK $84.2M
Net margin
DAC FY2018: -7.2%DAC FY2019: 29.3%DAC FY2020: 33.3%DAC FY2021: 152.7%DAC FY2022: 56.3%DAC FY2023: 59.2%DAC FY2024: 49.8%DAC FY2025: 47.4%SBLK FY2018: 9.0%SBLK FY2019: -2.0%SBLK FY2020: 1.4%SBLK FY2021: 47.7%SBLK FY2022: 39.4%SBLK FY2023: 18.3%SBLK FY2024: 24.1%SBLK FY2025: 8.1%FY18FY19FY20FY21FY22FY23FY24FY25
DAC 47.4%SBLK 8.1%
Revenue growth
DAC FY2019: -2.5%DAC FY2020: +3.2%DAC FY2021: +49.4%DAC FY2022: +44.1%DAC FY2023: -2.0%DAC FY2024: +4.2%DAC FY2025: +2.8%SBLK FY2019: +26.1%SBLK FY2020: -15.6%SBLK FY2021: +105.9%SBLK FY2022: +0.7%SBLK FY2023: -33.9%SBLK FY2024: +33.3%SBLK FY2025: -17.6%FY19FY20FY21FY22FY23FY24FY25
DAC +2.8%SBLK -17.6%
Free cash flow
SBLK FY2018: -$159.6MSBLK FY2019: -$258.6MSBLK FY2020: $98.5MSBLK FY2021: $636.9MSBLK FY2022: $744.5MSBLK FY2023: $317.7MSBLK FY2024: $416.1MSBLK FY2025: $211.9MFY18FY19FY20FY21FY22FY23FY24FY25
DACSBLK $211.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Danaos and Star Bulk Carriers

Which is bigger by revenue, Danaos or Star Bulk Carriers?

Star Bulk Carriers is bigger by revenue: $1B in fiscal 2025, against $1B for Danaos in fiscal 2025.

Which keeps more of its revenue as profit, Danaos or Star Bulk Carriers?

Danaos had a net margin of 47.4% in fiscal 2025; Star Bulk Carriers had 8.1% in fiscal 2025.

Which grew revenue faster, Danaos or Star Bulk Carriers?

In their latest fiscal years revenue changed by +2.8% at Danaos and -17.6% at Star Bulk Carriers.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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