PANL

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Pangaea Logistics Solutions Ltd.

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Key Metrics

Previous Close: $7.82
52-Week Range: $4.54 – $9.39
Market Cap: $517.24M
P/E (TTM): 10.82
EPS (TTM): 0.73
Dividend Yield: 5.12%

Advanced Metrics

Price/Book: 1.15
PEG Ratio: —
Return on Equity: 10.36%
Return on Assets: 4.24%
Gross Margin: 20.47%
Operating Margin: 11.41%
Profit Margin: 6.70%
Current Ratio: 1.38
Debt/Equity: 0.71
Total Debt: $349.49M
Free Cash Flow: $63.39M
Revenue Growth: 19.40%
Earnings Growth: —
Enterprise Value: $801.87M

PANL Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$699.71M	$499.27M	$536.54M	$632.04M
Cost of Revenue	$570.77M	$430.13M	$463.46M	$563.03M
Gross Profit	$128.94M	$69.14M	$73.07M	$69.02M
Selling, General & Admin	$20.10M	$22.78M	$24.63M	$31.07M
Operating Expenses	$20.10M	$22.78M	$24.63M	$31.07M
Operating Income	$108.83M	$46.36M	$48.45M	$37.94M
EBITDA	$137.42M	$76.10M	$82.32M	$86.65M
Pretax Income	$85.51M	$28.54M	$31.77M	$20.17M
Net Income	$79.49M	$26.32M	$28.90M	$19.37M
Diluted EPS	1.76	0.58	0.63	0.30
Diluted Shares	45.06M	45.48M	46.05M	64.70M

PANL Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$128.38M	$99.04M	$86.81M	$103.05M
Receivables	$44.48M	$53.67M	$49.72M	$67.04M
Inventory	$29.10M	$16.56M	$32.85M	$28.39M
Current Assets	$222.51M	$191.83M	$191.99M	$215.78M
Total Assets	$748.24M	$705.18M	$936.46M	$928.10M
Current Liabilities	$92.21M	$105.33M	$109.11M	$128.03M
Long-Term Debt	$98.82M	$68.45M	$112.72M	$97.16M
Total Debt	$299.48M	$264.44M	$167.84M	$152.43M
Total Liabilities	$379.52M	$334.98M	$461.79M	$453.36M
Retained Earnings	$151.33M	$159.03M	$169.16M	$172.25M
Shareholders' Equity	$314.23M	$323.89M	$427.82M	$429.33M
Working Capital	$130.30M	$86.49M	$82.89M	$87.74M
Net Debt	—	$160.17K	$42.49M	$11.01M

PANL Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$134.80M	$53.79M	$65.69M	$53.73M
Capital Expenditure	-$36.39M	-$27.26M	-$69.43M	-$6.49M
Free Cash Flow	$98.41M	$26.52M	-$3.74M	$47.24M
Depreciation & Amortisation	$29.49M	$30.07M	$30.38M	$42.48M
Stock-Based Compensation	$1.77M	$2.09M	$2.79M	$4.11M
Investing Cash Flow	-$28.51M	-$15.98M	-$67.69M	$11.41M
Financing Cash Flow	-$34.12M	-$67.15M	-$10.23M	-$48.62M
Dividends Paid	-$13.41M	-$18.10M	-$18.71M	-$16.30M
Share Repurchases	—	—	$0.00	-$3.00M
Net Change in Cash	$72.18M	-$29.35M	-$12.23M	$16.52M

PANL Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$122.80M	$156.69M	$168.67M	$183.88M	$170.58M
Cost of Revenue	$112.60M	$145.86M	$142.17M	$162.39M	$149.73M
Gross Profit	$10.20M	$10.83M	$26.50M	$21.49M	$20.85M
Selling, General & Admin	$7.27M	$7.17M	$9.88M	$6.74M	$10.03M
Operating Expenses	$7.27M	$7.17M	$9.88M	$6.74M	$10.03M
Operating Income	$2.93M	$3.65M	$16.61M	$14.75M	$10.82M
EBITDA	$13.87M	$13.73M	$29.11M	$29.94M	$31.49M
Pretax Income	-$2.20M	-$2.90M	$12.99M	$12.28M	$13.67M
Net Income	-$1.98M	-$2.74M	$12.21M	$11.88M	$13.29M
Diluted EPS	-0.03	-0.04	0.19	0.19	0.21
Diluted Shares	63.85M	64.04M	64.82M	64.18M	64.78M

PANL Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$63.95M	$59.25M	$94.02M	$103.05M	$89.74M
Receivables	$55.71M	$62.69M	$59.01M	$67.04M	$75.94M
Inventory	$36.03M	$38.58M	$36.14M	$28.39M	$40.26M
Current Assets	$175.90M	$184.01M	$212.62M	$215.78M	$250.79M
Total Assets	$917.99M	$916.00M	$932.15M	$928.10M	$950.70M
Current Liabilities	$109.00M	$126.01M	$130.93M	$128.03M	$153.59M
Long-Term Debt	$108.73M	$104.71M	$100.68M	$97.16M	$93.16M
Total Debt	$137.92M	$133.24M	$354.89M	$152.43M	$151.06M
Total Liabilities	$450.84M	$456.87M	$466.59M	$453.36M	$463.86M
Retained Earnings	$160.60M	$154.61M	$163.59M	$172.25M	$182.28M
Shareholders' Equity	$420.80M	$414.35M	$420.26M	$429.33M	$441.06M
Working Capital	$66.91M	$58.00M	$81.70M	$87.74M	$97.20M
Net Debt	$61.39M	$62.12M	$23.36M	$11.01M	$20.40M

PANL Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$4.36M	$14.40M	$28.56M	$15.13M	$4.49M
Capital Expenditure	-$460.00K	-$1.11M	-$3.94M	-$980.61K	-$1.81M
Free Cash Flow	-$4.82M	$13.29M	$24.62M	$14.14M	$2.68M
Depreciation & Amortisation	$9.92M	$10.60M	$10.21M	$11.74M	$11.88M
Stock-Based Compensation	$1.53M	$548.78K	$614.42K	$1.42M	$1.70M
Investing Cash Flow	-$460.00K	-$1.95M	$4.32M	$9.50M	-$1.31M
Financing Cash Flow	-$18.04M	-$17.14M	$2.15M	-$15.59M	-$16.49M
Dividends Paid	-$6.73M	-$3.21M	-$3.19M	-$3.18M	-$3.89M
Share Repurchases	—	—	-$984.24K	-$1.01M	—
Net Change in Cash	-$22.86M	-$4.70M	$35.04M	$9.03M	-$13.31M

Market Snapshot

About

Pangaea Logistics Solutions is a dry bulk shipping and logistics company specializing in the transportation of raw materials and industrial goods. The company operates a fleet of cargo vessels to move commodities such as iron ore, coal, grains, and fertilizers across global trade routes, serving mining, energy, and agricultural customers.