8-K Announcements
6Material company update
May 12, 2026·SEC
Material company update
May 11, 2026·SEC
Material company update
Mar 11, 2026·SEC
Pangaea Logistics Solutions, Ltd.(PANL)Earnings, Financials & Key Ratios
PANL•NASDAQ
$6.82
22.7× P/E·Price updated Jun 27, 2026
AboutPangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.Show more
- Revenue$632M+17.8%
- EBITDA$80M+2.0%
- Net Income$19M-33.0%
- EPS (Diluted)0.30-52.4%
- Gross Margin10.92%-19.8%
- EBITDA Margin12.72%-13.4%
- Operating Margin6%-33.5%
- Net Margin3.06%-43.1%
- ROE4.08%-40.4%
PANL Price & Volume
Pangaea Logistics Solutions, Ltd. (PANL) stock price & volume — 10-year historical chart
Loading chart...
Specialized Fleet Growth Faces Persistent Margin Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strained
Financial Position:Healthy
Cash Flow:Mixed
Primary Risk:Variable Voyage Expense Exposure
"Pangaea Logistics Solutions demonstrates robust top-line expansion, evidenced by 38.9% year-over-year revenue growth in 2026Q1, driven by its specialized ice-class fleet and niche industrial trade lanes. However, the company's reliance on variable voyage expenses creates significant earnings instability, as highlighted by the swing from a $2.7 million net loss in 2025Q2 to a $13.3 million profit in 2026Q1. Investors should monitor the company's ability to convert this revenue growth into consistent free cash flow, given the historical volatility in OCF/NI ratios which reached as high as 21.04 in 2023Q4."
Verdict Logic
while the forward P/E of 5.56 suggests potential value, the extreme volatility in quarterly net income and the 0.38 OCF/NI ratio in 2026Q1 warrant caution regarding the sustainability of cash generation.
PANL Growth Metrics
Pangaea Logistics Solutions, Ltd. (PANL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.2%
5 Years10.54%
3 Years-3.33%
TTM22.58%
Profit CAGR
10 Years5.56%
5 Years11.28%
3 Years-37.54%
TTM127.2%
EPS CAGR
10 Years-0.64%
5 Years2.9%
3 Years-44.55%
TTM63.83%
Return on Capital
10 Years8.32%
5 Years10.46%
3 Years6.19%
Last Year4.66%
PANL Recent Earnings
Pangaea Logistics Solutions, Ltd. (PANL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.11+120.0%
$0.05
Rev
$171M+2.9%
$166M
Q2 2026
Mar 10, 2026Metric
Actual
Est
EPS
$0.16-11.1%
$0.18
Rev
$184M+22.3%
$150M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.17+466.7%
$0.03
Rev
$169M-7.2%
$182M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.02+50.0%
$0.04
Rev
$157M-1.7%
$159M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.11vs $0.05+120.0% | $171Mvs $166M+2.9% |
| Q2 2026 | Mar 10, 2026 | $0.16vs $0.18-11.1% | $184Mvs $150M+22.3% |
| Q4 2025 | Nov 6, 2025 | $0.17vs $0.03+466.7% | $169Mvs $182M-7.2% |
| Q3 2025 | Aug 7, 2025 | $0.02vs $0.04+50.0% | $157Mvs $159M-1.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Pangaea Logistics Solutions, Ltd. (PANL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $6.82 | $446.13M | 22.73 | 17.8% | 3.06% | 4.08% | 3.69% | |
| $24.40 | $2.78B | 33.42 | -17.62% | 13.01% | 5.87% | — | |
| $23.57 | $1.03B | -235.70 | -19.14% | 8.12% | 4.19% | — | |
| $68.97 | $1.97B | 7.19 | 0.76% | 24.86% | 10.52% | — | |
| $6.39 | $650.67M | 21.30 | -10.37% | 13.99% | 4.68% | — | |
| $2.05 | $253.26M | 18.64 | -6.43% | 8.35% | 3.6% | — |
Compare PANL vs Peers
Pangaea Logistics Solutions, Ltd. (PANL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PANL SEC Filings & Documents
Pangaea Logistics Solutions, Ltd. (PANL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when PANL posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
PANL Frequently Asked Questions
Pangaea Logistics Solutions, Ltd. (PANL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Pangaea Logistics Solutions, Ltd.'s revenue?
Pangaea Logistics Solutions, Ltd. (PANL) reported $679.8M in revenue for fiscal year 2025. This represents a 76% increase from $387.1M in 2012.
How fast is Pangaea Logistics Solutions, Ltd. growing?
Pangaea Logistics Solutions, Ltd. (PANL) grew revenue by 17.8% over the past year. This is strong growth.
Is PANL profitable?
Yes, Pangaea Logistics Solutions, Ltd. (PANL) is profitable, generating $34.6M in net income for fiscal year 2025 (3.1% net margin).
Dividend & Returns
Does PANL pay dividends?
Yes, Pangaea Logistics Solutions, Ltd. (PANL) pays a dividend with a yield of 3.69%. This makes it attractive for income-focused investors.
What is PANL's return on equity?
Pangaea Logistics Solutions, Ltd. (PANL) has a return on equity (ROE) of 4.1%. This is below average, suggesting room for improvement.
What is Pangaea Logistics Solutions, Ltd.'s free cash flow?
Pangaea Logistics Solutions, Ltd. (PANL) generated $55.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.