EGLE · Eagle Bulk Shipping Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $594.54M | $719.85M | $594.54M | $275.13M | $292.38M | $124.49M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $43.59M | $41.18M | $35.16M | $31.53M | $35.04M | $36.16M |
| Total Operating Expenses | $356.13M | $467.46M | $333.15M | $279.89M | $282.95M | $272.49M |
| D&A | $60.52M | $61.16M | $53.52M | $50.16M | $40.55M | $37.72M |
| Operating Income | $37.67M | $252.38M | $261.39M | ($4.75M) | $9.43M | $37.61M |
| Interest Expense | $23.60M | $16.98M | $32.26M | $35.39M | $30.58M | $25.74M |
| Income Tax | - | - | - | - | - | - |
| Net Income | $22.73M | $248.01M | $184.90M | ($35.06M) | ($21.70M) | $12.57M |
| EPS - Basic | $2.05 | $19.09 | $14.91 | ($3.40) | ($0.30) | $0.18 |
| EPS - Diluted | $1.96 | $15.57 | $11.79 | ($3.40) | ($0.30) | $0.18 |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $118.61M | $187.16M | $86.15M | $69.93M | $53.58M | $67.21M |
| Accounts Receivable | $30.92M | $32.31M | $28.46M | $13.84M | $19.98M | $19.79M |
| Inventory | $24.99M | $28.08M | $17.65M | $11.62M | $15.82M | $16.14M |
| Accounts Payable | $21.25M | $20.13M | $20.78M | $10.59M | $13.48M | $14.16M |
| Current Assets | $189.55M | $262.02M | $156.03M | $118.26M | $100.53M | $118.47M |
| Total Assets | $1.15B | $1.24B | $1.13B | $967.13M | $1.00B | $846.21M |
| Current Liabilities | $212.85M | $128.97M | $123.60M | $82.44M | $102.22M | $62.99M |
| Long-term Debt | $330.11M | $284.68M | $330.24M | $412.93M | $410.07M | $301.58M |
| Total Liabilities | $547.74M | $418.03M | $455.39M | $496.71M | $520.58M | $366.60M |
| Stockholders' Equity | $600.22M | $819.18M | $671.27M | $470.42M | $481.50M | $479.61M |
| Retained Earnings | ($156.73M) | ($163.56M) | ($313.49M) | ($472.14M) | ($437.07M) | ($415.38M) |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $55.94M | $298.28M | $209.17M | $12.59M | $21.69M | $45.47M |
| Investing Cash Flow | ($29.12M) | ($23.69M) | ($125.48M) | ($5.49M) | ($168.62M) | ($31.01M) |
| Financing Cash Flow | ($95.38M) | ($171.06M) | ($86.32M) | $22.62M | $127.90M | $7.38M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 6.3% | 35.1% | 44.0% | -1.7% | 3.2% | 30.2% |
| EBITDA margin | 16.5% | 43.6% | 53.0% | 16.5% | 17.1% | 60.5% |
| Net margin | 3.8% | 34.5% | 31.1% | -12.7% | -7.4% | 10.1% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.3% | 5.7% | 5.9% | 11.5% | 12.0% | 29.0% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 2.0% | 20.0% | 16.4% | -3.6% | -2.2% | 1.5% |
| Return on equity | 3.8% | 30.3% | 27.5% | -7.5% | -4.5% | 2.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.89 | 2.03 | 1.26 | 1.43 | 0.98 | 1.88 |
| Quick ratio | 0.77 | 1.81 | 1.12 | 1.29 | 0.83 | 1.62 |
| Cash ratio | 0.56 | 1.45 | 0.70 | 0.85 | 0.52 | 1.07 |
| Leverage | ||||||
| Debt / Equity | 0.55 | 0.35 | 0.49 | 0.88 | 0.85 | 0.63 |
| Debt / Assets | 0.29 | 0.23 | 0.29 | 0.43 | 0.41 | 0.36 |
| Debt / EBITDA | 3.36 | 0.91 | 1.05 | 9.09 | 8.21 | 4.00 |
| Interest coverage | 1.6x | 14.9x | 8.1x | -0.1x | 0.3x | 1.5x |
| Equity multiplier | 1.91 | 1.51 | 1.68 | 2.06 | 2.08 | 1.76 |
| Liabilities / Assets | 0.48 | 0.34 | 0.40 | 0.51 | 0.52 | 0.43 |
| Efficiency | ||||||
| Asset turnover | 0.52 | 0.58 | 0.53 | 0.28 | 0.29 | 0.15 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 19d | 16d | 17d | 18d | 25d | 58d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -17.4% | 21.1% | 116.1% | -5.9% | 134.9% | 0.0% |
| Revenue CAGR (3y) | 29.3% | 35.0% | 68.4% | 30.3% | - | - |
| Revenue CAGR (5y) | 36.7% | 42.0% | - | - | - | -9.3% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -85.1% | -3.4% | - | - | -74.9% | - |
| Net income growth (YoY) | -90.8% | 34.1% | - | -61.6% | - | - |
| EPS growth (YoY) | -87.4% | 32.1% | - | -1033.3% | - | - |
| EPS CAGR (3y) | - | - | 303.1% | - | - | - |
| EPS CAGR (5y) | 61.2% | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -26.7% | 22.0% | 42.7% | -2.3% | 0.4% | 4.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$178.84M totalVoyage Charters$186.54M · 104.3%
Voyage In Progress($7.70M) · -4.3%
Stability scores
Altman Z′
FY 2023 · bankruptcy risk
0.95
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2023 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Deep Sea Foreign Transportation of Freight
Comparing Eagle Bulk Shipping Inc. against the 5 most active filers in the same SIC group.
Dividends
$0.29/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Dec 30, 2025 | $0.2080 |
| Jun 27, 2025 | $0.0790 |