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Navios Maritime Partners vs Star Bulk Carriers: revenue, profit, margins and growth compared

Navios Maritime Partners brought in $1.3B of revenue in fiscal 2025, Star Bulk Carriers $1B in fiscal 2025. Revenue changed by +0.8% at Navios Maritime Partners and -17.6% at Star Bulk Carriers on the year before, so Navios Maritime Partners grew faster. Navios Maritime Partners kept 21.2% of its revenue as net profit, Star Bulk Carriers 8.1%. Free cash flow was $281M at Navios Maritime Partners and $211.9M at Star Bulk Carriers.

Side by side, latest fiscal year

NMMSBLK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.3B$1B
Revenue growth+0.8%-17.6%
Net income$285.3M$84.2M
Net margin21.2%8.1%
Free cash flow$281M$211.9M
Free cash flow margin20.9%20.3%
Earnings per share (diluted)n/a$0.73
Cash$402.8M$488.5M
Debt$1.1Bn/a
Price to earningsn/an/a
Market value$2.7B$3.3B
Dividend yieldn/an/a
Rank by revenue in sector#417 of 778 · Consumer discretionary#454 of 778 · Consumer discretionary

Over the years

Revenue
NMM FY2018: $231.4MNMM FY2019: $219.4MNMM FY2020: $226.8MNMM FY2021: $713.2MNMM FY2022: $1.2BNMM FY2023: $1.3BNMM FY2024: $1.3BNMM FY2025: $1.3BSBLK FY2018: $651.6MSBLK FY2019: $821.4MSBLK FY2020: $693.2MSBLK FY2021: $1.4BSBLK FY2022: $1.4BSBLK FY2023: $949.3MSBLK FY2024: $1.3BSBLK FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
NMM $1.3BSBLK $1B
Net income
NMM FY2018: -$13.1MNMM FY2019: -$62.1MNMM FY2020: -$68.5MNMM FY2021: $516.2MNMM FY2022: $579.2MNMM FY2023: $433.6MNMM FY2024: $367.3MNMM FY2025: $285.3MSBLK FY2018: $58.4MSBLK FY2019: -$16.2MSBLK FY2020: $9.7MSBLK FY2021: $680.5MSBLK FY2022: $566MSBLK FY2023: $173.6MSBLK FY2024: $304.7MSBLK FY2025: $84.2MFY18FY19FY20FY21FY22FY23FY24FY25
NMM $285.3MSBLK $84.2M
Net margin
NMM FY2018: -5.7%NMM FY2019: -28.3%NMM FY2020: -30.2%NMM FY2021: 72.4%NMM FY2022: 47.9%NMM FY2023: 33.2%NMM FY2024: 27.5%NMM FY2025: 21.2%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
NMM 21.2%SBLK 8.1%
Revenue growth
NMM FY2019: -5.2%NMM FY2020: +3.4%NMM FY2021: +214.5%NMM FY2022: +69.7%NMM FY2023: +8.0%NMM FY2024: +2.1%NMM FY2025: +0.8%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
NMM +0.8%SBLK -17.6%
Free cash flow
NMM FY2018: -$47.6MNMM FY2019: $49.2MNMM FY2020: $21.7MNMM FY2021: $60.1MNMM FY2022: $72.6MNMM FY2023: $377.4MNMM FY2024: -$263.5MNMM FY2025: $281MSBLK FY2018: -$159.6MSBLK FY2019: -$258.6MSBLK FY2020: $98.5MSBLK FY2021: $636.9MSBLK FY2022: $744.5MSBLK FY2023: $317.7MSBLK FY2024: $416.1MSBLK FY2025: $211.9MFY18FY19FY20FY21FY22FY23FY24FY25
NMM $281MSBLK $211.9M

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

Questions about Navios Maritime Partners and Star Bulk Carriers

Which is bigger by revenue, Navios Maritime Partners or Star Bulk Carriers?

Navios Maritime Partners is bigger by revenue: $1.3B in fiscal 2025, against $1B for Star Bulk Carriers in fiscal 2025.

Which keeps more of its revenue as profit, Navios Maritime Partners or Star Bulk Carriers?

Navios Maritime Partners had a net margin of 21.2% in fiscal 2025; Star Bulk Carriers had 8.1% in fiscal 2025.

Which grew revenue faster, Navios Maritime Partners or Star Bulk Carriers?

In their latest fiscal years revenue changed by +0.8% at Navios Maritime Partners 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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