Pangaea Logistics Solution Ltd Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Pangaea Logistics Solution Ltd has an operating margin of 9.0%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 45/100, indicating healthy but not exceptional operating efficiency. This is up from 8.9% the prior year.
Pangaea Logistics Solution Ltd's revenue grew 7.5% year-over-year to $536.5M, a solid pace of expansion. This earns a growth score of 50/100.
Pangaea Logistics Solution Ltd carries a low D/E ratio of 0.30, meaning only $0.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Pangaea Logistics Solution Ltd's current ratio of 1.76 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.
Pangaea Logistics Solution Ltd generates a 6.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 27/100. This is down from 8.1% the prior year.
Pangaea Logistics Solution Ltd scores 1.75, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Pangaea Logistics Solution Ltd passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Pangaea Logistics Solution Ltd generates $2.27 in operating cash flow ($65.7M OCF vs $28.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Pangaea Logistics Solution Ltd earns $2.8 in operating income for every $1 of interest expense ($48.4M vs $17.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
This page shows Pangaea Logistics Solution Ltd (PANL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Pangaea Logistics Solution Ltd generated $536.5M in revenue in fiscal year 2024. This represents an increase of 7.5% from the prior year.
Pangaea Logistics Solution Ltd's EBITDA was $78.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.5% from the prior year.
Pangaea Logistics Solution Ltd reported $28.9M in net income in fiscal year 2024. This represents an increase of 9.8% from the prior year.
Pangaea Logistics Solution Ltd earned $0.63 per diluted share (EPS) in fiscal year 2024. This represents an increase of 8.6% from the prior year.
Pangaea Logistics Solution Ltd held $86.8M in cash against $129.3M in long-term debt as of fiscal year 2024.
Pangaea Logistics Solution Ltd paid $0.10 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Pangaea Logistics Solution Ltd had 65M shares outstanding in fiscal year 2024. This represents an increase of 39.8% from the prior year.
Pangaea Logistics Solution Ltd's operating margin was 9.0% in fiscal year 2024, reflecting core business profitability. This is up 0.1 percentage points from the prior year.
Pangaea Logistics Solution Ltd's net profit margin was 5.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.
Pangaea Logistics Solution Ltd's ROE was 6.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the prior year.
PANL Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $168.7M+7.6% | $156.7M+27.6% | $122.8M-16.6% | $147.2M+11.9% | $131.5M+25.5% | $104.7M-20.6% | $131.9M-2.7% | $135.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $9.9M+37.8% | $7.2M-1.4% | $7.3M+20.4% | $6.0M+20.1% | $5.0M-30.9% | $7.3M+27.7% | $5.7M+3.6% | $5.5M |
| Operating Income | $16.9M+363.2% | $3.7M+24.8% | $2.9M-80.2% | $14.8M+94.4% | $7.6M-31.0% | $11.0M+4.0% | $10.6M-46.2% | $19.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $4.3M0.0% | $4.3M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $12.2M+545.2% | -$2.7M-38.4% | -$2.0M-123.5% | $8.4M+129.0% | $3.7M-68.5% | $11.7M+961.3% | $1.1M-94.2% | $18.9M |
| EPS (Diluted) | $0.19+575.0% | $-0.04-33.3% | $-0.03-115.8% | $0.19+137.5% | $0.08-68.0% | $0.25+733.3% | $0.03-92.9% | $0.42 |
PANL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $932.1M+1.8% | $916.0M-0.2% | $918.0M-2.0% | $936.5M+35.1% | $692.9M-1.5% | $703.3M-0.3% | $705.2M-3.2% | $728.6M |
| Current Assets | $212.6M+15.6% | $184.0M+4.6% | $175.9M-8.4% | $192.0M+5.9% | $181.4M-7.3% | $195.6M+1.9% | $191.8M-3.4% | $198.5M |
| Cash & Equivalents | $94.0M+58.7% | $59.3M-7.3% | $63.9M-26.3% | $86.8M+11.4% | $77.9M-18.7% | $95.9M-3.2% | $99.0M+13.4% | $87.4M |
| Inventory | $36.1M-6.3% | $38.6M+7.1% | $36.0M+9.7% | $32.8M+13.7% | $28.9M+30.4% | $22.2M+33.8% | $16.6M-37.2% | $26.3M |
| Accounts Receivable | $45.6M-7.6% | $49.3M+2.9% | $47.9M+13.1% | $42.4M+2.5% | $41.3M-1.6% | $42.0M-12.3% | $47.9M-10.5% | $53.5M |
| Goodwill | $3.1M0.0% | $3.1M0.0% | $3.1M0.0% | $3.1M0.0% | $3.1M0.0% | $3.1M0.0% | $3.1M0.0% | $3.1M |
| Total Liabilities | $511.9M+2.0% | $501.6M+0.9% | $497.2M-2.3% | $508.6M+40.7% | $361.4M-2.7% | $371.3M-2.6% | $381.3M-5.1% | $401.9M |
| Current Liabilities | $130.9M+3.9% | $126.0M+15.6% | $109.0M-0.1% | $109.1M+29.9% | $84.0M-15.5% | $99.3M-5.7% | $105.3M-8.6% | $115.3M |
| Long-Term Debt | $256.2M+4.7% | $244.7M-2.5% | $251.0M+94.1% | $129.3M+64.8% | $78.5M+19.0% | $65.9M-3.7% | $68.4M-3.5% | $71.0M |
| Total Equity | $420.3M+1.4% | $414.4M-1.5% | $420.8M-1.6% | $427.8M+29.0% | $331.5M-0.1% | $332.0M+2.5% | $323.9M-0.9% | $326.7M |
| Retained Earnings | $163.6M+5.8% | $154.6M-3.7% | $160.6M-5.1% | $169.2M+2.5% | $165.0M-0.6% | $166.0M+4.4% | $159.0M-2.2% | $162.5M |
PANL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $28.6M+98.4% | $14.4M+430.5% | -$4.4M-122.6% | $19.3M+115.3% | $9.0M-0.5% | $9.0M-62.4% | $23.9M+46.6% | $16.3M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $4.3M+321.5% | -$2.0M-323.9% | -$460K+95.5% | -$10.3M-15.7% | -$8.9M-4288.3% | -$204K-102.3% | $9.0M+774.9% | -$1.3M |
| Financing Cash Flow | $2.2M+112.6% | -$17.1M+5.0% | -$18.0M-18.3% | -$15.3M+15.0% | -$17.9M-50.1% | -$12.0M+43.7% | -$21.3M-78.6% | -$11.9M |
| Dividends Paid | $13.1M+32.3% | $9.9M+47.0% | $6.7M+41.3% | $4.8M+5.1% | $4.5M-7.0% | $4.9M+8.7% | $4.5M0.0% | $4.5M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PANL Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 10.0%+7.7pp | 2.3%-0.1pp | 2.4%-7.7pp | 10.1%+4.3pp | 5.8%-4.7pp | 10.5%+2.5pp | 8.0%-6.5pp | 14.5% |
| Net Margin | 7.2%+9.0pp | -1.8%-0.1pp | -1.6%-7.3pp | 5.7%+2.9pp | 2.8%-8.3pp | 11.1%+10.3pp | 0.8%-13.1pp | 13.9% |
| Return on Equity | 2.9% | N/A | N/A | 2.0%+0.9pp | 1.1%-2.4pp | 3.5%+3.2pp | 0.3%-5.4pp | 5.8% |
| Return on Assets | 1.3%+1.6pp | -0.3%-0.1pp | -0.2%-1.1pp | 0.9%+0.4pp | 0.5%-1.1pp | 1.7%+1.5pp | 0.2%-2.4pp | 2.6% |
| Current Ratio | 1.62+0.2 | 1.46-0.2 | 1.61-0.1 | 1.76-0.4 | 2.16+0.2 | 1.97+0.1 | 1.82+0.1 | 1.72 |
| Debt-to-Equity | 0.61+0.0 | 0.590.0 | 0.60+0.3 | 0.30+0.1 | 0.24+0.0 | 0.20-0.0 | 0.210.0 | 0.22 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Pangaea Logistics Solution Ltd's annual revenue?
Pangaea Logistics Solution Ltd (PANL) reported $536.5M in total revenue for fiscal year 2024. This represents a 7.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Pangaea Logistics Solution Ltd's revenue growing?
Pangaea Logistics Solution Ltd (PANL) revenue grew by 7.5% year-over-year, from $499.3M to $536.5M in fiscal year 2024.
Is Pangaea Logistics Solution Ltd profitable?
Yes, Pangaea Logistics Solution Ltd (PANL) reported a net income of $28.9M in fiscal year 2024, with a net profit margin of 5.4%.
What is Pangaea Logistics Solution Ltd's earnings per share (EPS)?
Pangaea Logistics Solution Ltd (PANL) reported diluted earnings per share of $0.63 for fiscal year 2024. This represents a 8.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Pangaea Logistics Solution Ltd's EBITDA?
Pangaea Logistics Solution Ltd (PANL) had EBITDA of $78.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Pangaea Logistics Solution Ltd have?
As of fiscal year 2024, Pangaea Logistics Solution Ltd (PANL) had $86.8M in cash and equivalents against $129.3M in long-term debt.
What is Pangaea Logistics Solution Ltd's operating margin?
Pangaea Logistics Solution Ltd (PANL) had an operating margin of 9.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Pangaea Logistics Solution Ltd's net profit margin?
Pangaea Logistics Solution Ltd (PANL) had a net profit margin of 5.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Pangaea Logistics Solution Ltd pay dividends?
Yes, Pangaea Logistics Solution Ltd (PANL) paid $0.10 per share in dividends during fiscal year 2024.
What is Pangaea Logistics Solution Ltd's return on equity (ROE)?
Pangaea Logistics Solution Ltd (PANL) has a return on equity of 6.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Pangaea Logistics Solution Ltd's operating cash flow?
Pangaea Logistics Solution Ltd (PANL) generated $65.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Pangaea Logistics Solution Ltd's total assets?
Pangaea Logistics Solution Ltd (PANL) had $936.5M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Pangaea Logistics Solution Ltd have outstanding?
Pangaea Logistics Solution Ltd (PANL) had 65M shares outstanding as of fiscal year 2024.
What is Pangaea Logistics Solution Ltd's current ratio?
Pangaea Logistics Solution Ltd (PANL) had a current ratio of 1.76 as of fiscal year 2024, which is generally considered healthy.
What is Pangaea Logistics Solution Ltd's debt-to-equity ratio?
Pangaea Logistics Solution Ltd (PANL) had a debt-to-equity ratio of 0.30 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pangaea Logistics Solution Ltd's return on assets (ROA)?
Pangaea Logistics Solution Ltd (PANL) had a return on assets of 3.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Pangaea Logistics Solution Ltd's Altman Z-Score?
Pangaea Logistics Solution Ltd (PANL) has an Altman Z-Score of 1.75, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Pangaea Logistics Solution Ltd's Piotroski F-Score?
Pangaea Logistics Solution Ltd (PANL) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Pangaea Logistics Solution Ltd's earnings high quality?
Pangaea Logistics Solution Ltd (PANL) has an earnings quality ratio of 2.27x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Pangaea Logistics Solution Ltd cover its interest payments?
Pangaea Logistics Solution Ltd (PANL) has an interest coverage ratio of 2.8x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Pangaea Logistics Solution Ltd?
Pangaea Logistics Solution Ltd (PANL) scores 54 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.