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PANL Financials Pangaea Logistics Solutions Ltd.

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 10.5% per year over the past 5 years.
  • Net income has grown faster than revenue (11.3% vs 10.5% per year).
  • Operating margin has expanded, at 6.5% in the latest year.

Financial health

  • Total debt ($114M) exceeds cash ($103M); net debt is $11M.
  • Total debt has grown slower than revenue (1.6% vs 10.5% per year).
  • Total debt is 1.4× EBITDA.

Shareholder returns

  • Dividends have been paid for 13 consecutive years, consuming 84.2% of earnings.
  • The dividend has grown 98.0% per year over the past 5 years.
Revenue & net income
-$12M $353M $718M $0 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 8% 15% 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $76M $151M 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$198M -$27M $144M $0 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $632M $19M 0.0% 6.5% — $114M $103M
2024 $537M $29M 0.0% 9.0% — $129M $87M
2023 $499M $26M 0.0% 8.9% — $99M $99M
2022 $700M $79M 0.0% 15.1% — $115M $128M
2021 $718M $67M 0.0% 11.0% — $121M $56M
2020 $383M $11M 0.0% 5.1% — $105M $47M
2019 $412M $12M 0.0% 5.6% — $107M $51M
2018 $373M $18M 0.0% 9.7% — $116M $54M
2017 $386M $8M 0.0% 4.2% — $137M $35M
2016 — $7M — — — $129M $22M
2015 — $11M — — — $151M $38M
2014 — -$12M — — — $106M $30M
2013 — $15M — — — — $38M

Valuation over time

How the market has priced PANL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 15.8 31.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.6 1.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 3.6 7.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is PANL growing its revenue and profit?

Over the past 5 years, Pangaea Logistics Solutions Ltd.'s revenue has grown 10.5% per year, and net income grown 11.3% per year. These are computed facts, not advice.

How much debt does PANL have?

As of FY2025, Pangaea Logistics Solutions Ltd. reported $114M of total debt against $103M of cash.

What is PANL's profit margin?

In FY2025, gross margin was —, operating margin 6.5%, and net margin 3.1%.

What is PANL's P/E ratio?

As of Jun '26, Pangaea Logistics Solutions Ltd. traded at a price-to-earnings ratio of about 23.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.