Pangaea Logistics Solution Ltd Financials
Pangaea Logistics Solution Ltd (PANL) reported $632.0M in revenue for fiscal year 2025, up 17.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Pangaea’s recent story is balance-sheet repair alongside thinner profit capture, with higher revenue no longer translating into proportionate earnings.
Between FY2024 and FY2025, balance-sheet improvement outpaced operating improvement: cash rose to$103.1M and long-term debt fell to$97.2M . But operating margin compressed from9.0% to6.5% , showing the sturdier financing posture came from capital allocation and lower leverage, not from the core business becoming more profitable.
The business has kept cash conversion better than headline earnings imply: FY2025 operating cash flow was
The earnings recovery after FY2023 was incomplete because overhead and financing costs absorbed more of the rebound; in FY2025, SG&A reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Pangaea Logistics Solution Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Pangaea Logistics Solution Ltd has an operating margin of 6.5%, meaning the company retains $6 of operating profit per $100 of revenue. This strong profitability earns a score of 65/100, reflecting efficient cost management and pricing power. This is down from 9.0% the prior year.
Pangaea Logistics Solution Ltd's revenue surged 17.8% year-over-year to $632.0M, reflecting rapid business expansion. This strong growth earns a score of 71/100.
Pangaea Logistics Solution Ltd carries a low D/E ratio of 0.23, meaning only $0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
Pangaea Logistics Solution Ltd's current ratio of 1.69 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Pangaea Logistics Solution Ltd, and counted as zero in the overall score.
Pangaea Logistics Solution Ltd's ROE of 4.5% shows moderate profitability relative to equity, earning a score of 54/100. This is down from 6.8% the prior year.
Pangaea Logistics Solution Ltd scores 1.84, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Pangaea Logistics Solution Ltd passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Pangaea Logistics Solution Ltd generates $2.77 in operating cash flow ($53.7M OCF vs $19.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Pangaea Logistics Solution Ltd earns $1.71 in operating income for every $1 of interest expense ($40.9M vs $24.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Pangaea Logistics Solution Ltd generated $632.0M in revenue in fiscal year 2025. This represents an increase of 17.8% from the prior year.
Pangaea Logistics Solution Ltd's EBITDA was $83.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.8% from the prior year.
Pangaea Logistics Solution Ltd reported $19.4M in net income in fiscal year 2025. This represents a decrease of 33.0% from the prior year.
Pangaea Logistics Solution Ltd earned $0.30 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 52.4% from the prior year.
Cash & Balance Sheet
Pangaea Logistics Solution Ltd held $103.1M in cash against $97.2M in long-term debt as of fiscal year 2025.
Pangaea Logistics Solution Ltd paid $0.05 per share in dividends in fiscal year 2025. This represents a decrease of 50.0% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Pangaea Logistics Solution Ltd's operating margin was 6.5% in fiscal year 2025, reflecting core business profitability. This is down 2.6 percentage points from the prior year.
Pangaea Logistics Solution Ltd's net profit margin was 3.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.3 percentage points from the prior year.
Pangaea Logistics Solution Ltd's ROE was 4.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
PANL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $710.2M | $632.0M+17.8% | $536.5M+7.5% | $499.3M-28.6% | $699.7M-2.6% | $718.1M+87.5% | $382.9M-7.1% | $412.2M+10.5% | $373.0M-3.1% | $385.1M+61.8% | $238.0M-17.2% | $287.3M-27.9% | $398.3M+1.5% | $392.5M |
| SG&A Expenses | $35.6M | $31.1M+26.2% | $24.6M+8.1% | $22.8M+13.3% | $20.1M+6.0% | $19.0M+19.2% | $15.9M-8.4% | $17.4M+5.4% | $16.5M+8.7% | $15.2M+18.7% | $12.8M-14.7% | $15.0M+16.6% | $12.8M+10.6% | $11.6M |
| Operating Income | $66.2M | $40.9M-15.5% | $48.4M+8.6% | $44.6M-57.7% | $105.5M+33.8% | $78.9M+300.4% | $19.7M-15.3% | $23.3M-35.5% | $36.1M+125.1% | $16.0M+24.3% | $12.9M-37.2% | $20.5M+923.0% | -$2.5M-111.7% | $21.4M |
| Interest Expense | N/A | $24.0M+40.6% | $17.1M+0.3% | $17.0M+8.4% | $15.7M+52.0% | $10.3M+35.0% | $7.7M-17.1% | $9.2M+6.1% | $8.7M+9.3% | $8.0M+46.7% | $5.4M+0.1% | $5.4M-4.0% | $5.6M+2.9% | $5.5M |
| Income Tax | N/A | $366K-5.9% | $389K-6.7% | $417K-5.9% | $443K-26.8% | $605K+4.7% | $578K+26.2% | $458K+28.7% | $356K-16.8% | $428K+116.2% | $198K-46.9% | $373K+2.5% | $364K+38.4% | $263K |
| Net Income | $47.6M | $19.4M-33.0% | $28.9M+9.8% | $26.3M-66.9% | $79.5M+18.2% | $67.2M+492.2% | $11.4M-2.6% | $11.7M-34.3% | $17.8M+127.3% | $7.8M+4.8% | $7.5M-33.9% | $11.3M+193.0% | -$12.1M-178.5% | $15.5M |
| EPS (Diluted) | — | $0.30-52.4% | $0.63+8.6% | $0.58-67.0% | $1.76+17.3% | $1.50+476.9% | $0.26-3.7% | $0.27-35.7% | $0.42+110.0% | $0.20-4.8% | $0.21-34.4% | $0.32 | -$1.61 | -$0.65 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PANL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $928.1M-0.9% | $936.5M+32.8% | $705.2M-5.8% | $748.2M+5.8% | $707.0M+57.0% | $450.4M-6.1% | $479.9M+5.8% | $453.5M+7.1% | $423.3M+16.9% | $362.2M-1.3% | $367.0M+10.6% | $331.7M+0.4% | $330.4M |
| Current Assets | $215.8M+12.4% | $192.0M+0.1% | $191.8M-13.8% | $222.5M+21.0% | $184.0M+65.2% | $111.3M-13.0% | $128.0M+12.7% | $113.5M+36.7% | $83.0M+32.9% | $62.4M-9.9% | $69.3M-18.3% | $84.9M-13.5% | $98.1M |
| Cash & Equivalents | $103.1M+18.7% | $86.8M-12.4% | $99.0M-22.9% | $128.4M+128.4% | $56.2M+19.9% | $46.9M-7.2% | $50.6M-5.7% | $53.6M+55.3% | $34.5M+54.7% | $22.3M-40.5% | $37.5M+25.8% | $29.8M-20.5% | $37.5M |
| Inventory | $28.4M-13.6% | $32.8M+98.4% | $16.6M-43.1% | $29.1M+7.2% | $27.1M+70.0% | $16.0M-24.0% | $21.0M+9.3% | $19.2M+25.2% | $15.4M+16.3% | $13.2M+76.3% | $7.5M-52.0% | $15.6M-26.0% | $21.1M |
| Accounts Receivable | $55.9M+31.8% | $42.4M-11.5% | $47.9M+30.3% | $36.8M-32.3% | $54.3M+86.1% | $29.2M+3.0% | $28.3M-0.6% | $28.5M+35.1% | $21.1M+31.9% | $16.0M-18.5% | $19.6M-28.3% | $27.4M-38.8% | $44.7M |
| Goodwill | $3.1M0.0% | $3.1M0.0% | $3.1M | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $498.8M-1.9% | $508.6M+33.4% | $381.3M-12.1% | $434.0M-5.6% | $459.8M+71.8% | $267.6M-13.6% | $309.7M+6.1% | $291.8M+5.0% | $277.9M+13.0% | $245.9M-5.0% | $258.8M+10.7% | $233.8M-30.4% | $336.2M |
| Current Liabilities | $128.0M+17.3% | $109.1M+3.6% | $105.3M+14.2% | $92.2M-17.5% | $111.7M+0.8% | $110.8M+22.0% | $90.9M+14.9% | $79.0M+12.9% | $70.0M-10.1% | $77.9M+7.9% | $72.2M-50.1% | $144.7M+29.3% | $111.9M |
| Long-Term Debt | $97.2M-62.2% | $257.2M+275.7% | $68.4M-30.7% | $98.8M-6.6% | $105.8M+121.6% | $47.8M-42.9% | $83.6M-12.3% | $95.4M-18.9% | $117.6M-8.7% | $128.8M-14.8% | $151.1M+42.3% | $106.2M | N/A |
| Total Equity | $429.3M+0.4% | $427.8M+32.1% | $323.9M+3.1% | $314.2M+27.1% | $247.2M+35.3% | $182.8M+7.4% | $170.2M+5.3% | $161.7M+11.2% | $145.4M+25.0% | $116.3M+7.4% | $108.2M+10.6% | $97.8M+1773.1% | -$5.8M |
| Retained Earnings | $172.3M+1.8% | $169.2M+6.4% | $159.0M+5.1% | $151.3M+76.7% | $85.7M+269.6% | $23.2M+82.0% | $12.7M+122.0% | $5.7M+159.8% | -$9.6M+44.9% | -$17.4M+30.0% | -$24.9M+31.2% | -$36.1M-509.1% | -$5.9M |
PANL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $69.6M | $53.7M-18.2% | $65.7M+22.1% | $53.8M-60.1% | $134.8M+118.3% | $61.7M+196.3% | $20.8M-53.1% | $44.5M+10.8% | $40.1M+37.3% | $29.2M+52.1% | $19.2M-26.1% | $26.0M+31.9% | $19.7M-6.6% | $21.1M |
| Investing Cash Flow | $20.9M | $11.4M+116.9% | -$67.7M-323.6% | -$16.0M+43.9% | -$28.5M+85.6% | -$197.8M-2771.7% | -$6.9M+85.2% | -$46.6M-166.2% | -$17.5M+72.9% | -$64.6M | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$43.8M | -$48.6M-375.3% | -$10.2M+84.8% | -$67.2M-96.8% | -$34.1M-123.7% | $143.9M+873.2% | -$18.6M-1930.9% | -$916K+81.8% | -$5.0M-111.1% | $45.4M | N/A | N/A | N/A | N/A |
| Dividends Paid | $23.4M | $16.3M-12.9% | $18.7M+3.3% | $18.1M+35.0% | $13.4M+142.4% | $5.5M+934.3% | $535K-93.4% | $8.1M+256.4% | $2.3M+126.7% | $1.0M+901.4% | $100K0.0% | $100K0.0% | $100K0.0% | $100K |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PANL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 6.5%-2.6pp | 9.0%+0.1pp | 8.9%-6.1pp | 15.1%+4.1pp | 11.0%+5.8pp | 5.1%-0.5pp | 5.6%-4.0pp | 9.7%+5.5pp | 4.2%-1.3pp | 5.4%-1.7pp | 7.1%+7.8pp | -0.6%-6.1pp | 5.5% |
| Net Margin | 3.1%-2.3pp | 5.4%+0.1pp | 5.3%-6.1pp | 11.4%+2.0pp | 9.4%+6.4pp | 3.0%+0.1pp | 2.8%-1.9pp | 4.8%+2.7pp | 2.0%-1.1pp | 3.1%-0.8pp | 3.9%+7.0pp | -3.0%-7.0pp | 3.9% |
| Return on Equity | 4.5%-2.2pp | 6.8%-1.4pp | 8.1%-17.2pp | 25.3%-1.9pp | 27.2%+21.0pp | 6.2%-0.6pp | 6.9%-4.1pp | 11.0%+5.6pp | 5.4%-1.0pp | 6.4%-4.0pp | 10.4%+22.8pp | -12.4% | N/A |
| Return on Assets | 2.1%-1.0pp | 3.1%-0.6pp | 3.7%-6.9pp | 10.6%+1.1pp | 9.5%+7.0pp | 2.5%+0.1pp | 2.4%-1.5pp | 3.9%+2.1pp | 1.8%-0.2pp | 2.1%-1.0pp | 3.1%+6.7pp | -3.7%-8.3pp | 4.7% |
| Current Ratio | 1.69-0.1x | 1.76-0.1x | 1.82-0.6x | 2.41+0.8x | 1.65+0.6x | 1.00-0.4x | 1.410.0x | 1.44+0.3x | 1.19+0.4x | 0.80-0.2x | 0.96+0.4x | 0.59-0.3x | 0.88 |
| Debt-to-Equity | 0.23-0.4x | 0.60+0.4x | 0.21-0.1x | 0.31-0.1x | 0.43+0.2x | 0.26-0.2x | 0.49-0.1x | 0.59-0.2x | 0.81-0.3x | 1.11-0.3x | 1.40+0.3x | 1.09 | N/A |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
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Where Pangaea Logistics Solution Ltd Ranks
Frequently Asked Questions
What is Pangaea Logistics Solution Ltd's annual revenue?
Pangaea Logistics Solution Ltd (PANL) reported $632.0M in total revenue for fiscal year 2025. This represents a 17.8% 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 17.8% year-over-year, from $536.5M to $632.0M in fiscal year 2025.
Is Pangaea Logistics Solution Ltd profitable?
Yes, Pangaea Logistics Solution Ltd (PANL) reported a net income of $19.4M in fiscal year 2025, with a net profit margin of 3.1%.
What is Pangaea Logistics Solution Ltd's EBITDA?
Pangaea Logistics Solution Ltd (PANL) had EBITDA of $83.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Pangaea Logistics Solution Ltd have?
As of fiscal year 2025, Pangaea Logistics Solution Ltd (PANL) had $103.1M in cash and equivalents against $97.2M in long-term debt.
What is Pangaea Logistics Solution Ltd's operating margin?
Pangaea Logistics Solution Ltd (PANL) had an operating margin of 6.5% in fiscal year 2025, 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 3.1% in fiscal year 2025, 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 $0.05 per share in dividends during fiscal year 2025.
What is Pangaea Logistics Solution Ltd's return on equity (ROE)?
Pangaea Logistics Solution Ltd (PANL) has a return on equity of 4.5% for fiscal year 2025, 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 $53.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Pangaea Logistics Solution Ltd's total assets?
Pangaea Logistics Solution Ltd (PANL) had $928.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Pangaea Logistics Solution Ltd's current ratio?
Pangaea Logistics Solution Ltd (PANL) had a current ratio of 1.69 as of fiscal year 2025, 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 0.23 as of fiscal year 2025, 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 2.1% for fiscal year 2025, 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 1.84, placing it in the Grey Zone (moderate 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 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 2.77x, 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 1.71x, meaning it can struggle to 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 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.