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Stocks · Industrials · Deep Sea Foreign Transportation of Freight

Pangaea Logistics Solutions Ltd.

PANL Clue Score40
United States Fiscal year ends December CIK 0001606909
$8.32 -3.26% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $8.32 +62.18% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue238.0Operating income12.9Net income7.5EPS, diluted0.21Fiscal year 2017Revenue385.9 +62.2%Operating income16.0Net income7.8 +4.8%EPS, diluted0.20 −4.8%Fiscal year 2018Revenue373.0 −3.4%Operating income36.1Net income17.8 +127.3%EPS, diluted0.42 +110.0%Fiscal year 2019Revenue412.2 +10.5%Operating income23.3Net income11.7 −34.3%EPS, diluted0.27 −35.7%Fiscal year 2020Revenue382.9 −7.1%Operating income19.7Net income11.4 −2.6%EPS, diluted0.26 −3.7%Fiscal year 2021Revenue718.1 +87.5%Operating income78.9Net income67.2 +492.2%EPS, diluted1.50 +476.9%Fiscal year 2022Revenue699.7 −2.6%Operating income105.5Net income79.5 +18.2%EPS, diluted1.76 +17.3%Fiscal year 2023Revenue499.3 −28.6%Operating income44.6Net income26.3 −66.9%EPS, diluted0.58 −67.0%Fiscal year 2024Revenue536.5 +7.5%Operating income48.4Net income28.9 +9.8%EPS, diluted0.63 +8.6%Fiscal year 2025Revenue632.0 +17.8%Operating income40.9Net income19.4 −33.0%EPS, diluted0.30 −52.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 238.0 385.9 373.0 412.2 382.9 718.1 699.7 499.3 536.5 632.0
Growth +62.2% −3.4% +10.5% −7.1% +87.5% −2.6% −28.6% +7.5% +17.8%
Operating income 12.9 16.0 36.1 23.3 19.7 78.9 105.5 44.6 48.4 40.9
Net income 7.5 7.8 17.8 11.7 11.4 67.2 79.5 26.3 28.9 19.4
Growth +4.8% +127.3% −34.3% −2.6% +492.2% +18.2% −66.9% +9.8% −33.0%
EPS, diluted 0.21 0.20 0.42 0.27 0.26 1.50 1.76 0.58 0.63 0.30
Growth −4.8% +110.0% −35.7% −3.7% +476.9% +17.3% −67.0% +8.6% −52.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin5.4%Net margin3.1%Fiscal year 2017Operating margin4.2%Net margin2.0%Fiscal year 2018Operating margin9.7%Net margin4.8%Fiscal year 2019Operating margin5.6%Net margin2.8%Fiscal year 2020Operating margin5.1%Net margin3.0%Fiscal year 2021Operating margin11.0%Net margin9.4%Fiscal year 2022Operating margin15.1%Net margin11.4%Fiscal year 2023Operating margin8.9%Net margin5.3%Fiscal year 2024Operating margin9.0%Net margin5.4%Fiscal year 2025Operating margin6.5%Net margin3.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 5.4% 4.2% 9.7% 5.6% 5.1% 11.0% 15.1% 8.9% 9.0% 6.5%
Net margin 3.1% 2.0% 4.8% 2.8% 3.0% 9.4% 11.4% 5.3% 5.4% 3.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow19.2Dividends paid−0.1Fiscal year 2017Operating cash flow29.2Dividends paid−1.0Fiscal year 2018Operating cash flow40.1Dividends paid−2.3Fiscal year 2019Operating cash flow44.5Dividends paid−8.1Fiscal year 2020Operating cash flow20.8Dividends paid−0.5Fiscal year 2021Operating cash flow61.7Dividends paid−5.5Fiscal year 2022Operating cash flow134.8Dividends paid−13.4Fiscal year 2023Operating cash flow53.8Dividends paid−18.1Fiscal year 2024Operating cash flow65.7Dividends paid−18.7Fiscal year 2025Operating cash flow53.7Dividends paid−16.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 19.2 29.2 40.1 44.5 20.8 61.7 134.8 53.8 65.7 53.7
Dividends paid −0.1 −1.0 −2.3 −8.1 −0.5 −5.5 −13.4 −18.1 −18.7 −16.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash22.3Total debt128.8Net cash (debt)−106.5Shareholders’ equity116.3Debt to equity1.11Fiscal year 2017Cash34.5Total debt136.6Net cash (debt)−102.1Shareholders’ equity145.4Debt to equity0.94Fiscal year 2018Cash53.6Total debt115.5Net cash (debt)−61.9Shareholders’ equity161.7Debt to equity0.71Fiscal year 2019Cash50.6Total debt106.6Net cash (debt)−56.1Shareholders’ equity170.2Debt to equity0.63Fiscal year 2020Cash46.9Total debt105.1Net cash (debt)−58.2Shareholders’ equity182.8Debt to equity0.58Fiscal year 2021Cash56.2Total debt121.3Net cash (debt)−65.1Shareholders’ equity247.2Debt to equity0.49Fiscal year 2022Cash128.4Total debt114.6Net cash (debt)13.8Shareholders’ equity314.2Debt to equity0.36Fiscal year 2023Cash99.0Total debt99.2Net cash (debt)−0.2Shareholders’ equity323.9Debt to equity0.31Fiscal year 2024Cash86.8Total debt129.3Net cash (debt)−42.5Shareholders’ equity427.8Debt to equity0.30Fiscal year 2025Cash103.1Total debt97.2Net cash (debt)5.9Shareholders’ equity429.3Debt to equity0.23
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 22.3 34.5 53.6 50.6 46.9 56.2 128.4 99.0 86.8 103.1
Total debt 128.8 136.6 115.5 106.6 105.1 121.3 114.6 99.2 129.3 97.2
Net cash (debt) −106.5 −102.1 −61.9 −56.1 −58.2 −65.1 13.8 −0.2 −42.5 5.9
Shareholders’ equity 116.3 145.4 161.7 170.2 182.8 247.2 314.2 323.9 427.8 429.3
Debt to equity 1.11 0.94 0.71 0.63 0.58 0.49 0.36 0.31 0.30 0.23

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
238.0 385.9 373.0 412.2 382.9 718.1 699.7 499.3 536.5 632.0
Growth +62.2% −3.4% +10.5% −7.1% +87.5% −2.6% −28.6% +7.5% +17.8%
12.8 15.2 16.5 17.4 15.9 19.0 20.1 22.8 24.6 31.1
12.9 16.0 36.1 23.3 19.7 78.9 105.5 44.6 48.4 40.9
Growth +24.3% +125.1% −35.5% −15.3% +300.4% +33.8% −57.7% +8.6% −15.5%
0.2 0.4 0.4 0.5 0.6 0.6 0.4 0.4 0.4 0.4
7.5 7.8 17.8 11.7 11.4 67.2 79.5 26.3 28.9 19.4
Growth +4.8% +127.3% −34.3% −2.6% +492.2% +18.2% −66.9% +9.8% −33.0%
Per share
0.21 0.20 0.42 0.27 0.26 1.53 1.79 0.59 0.64 0.30
0.21 0.20 0.42 0.27 0.26 1.50 1.76 0.58 0.63 0.30
Growth −4.8% +110.0% −35.7% −3.7% +476.9% +17.3% −67.0% +8.6% −52.4%
35.2 38.4 42.2 42.8 43.4 44.0 44.4 44.8 45.4 63.8
35.4 38.9 42.8 43.3 43.8 44.8 45.1 45.5 46.0 64.7
Growth +10.0% +9.9% +1.1% +1.3% +2.4% +0.5% +0.9% +1.3% +40.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 10.5% a year over five years, and earnings per share grew 2.9% a year.
  • The diluted share count rose 47.7% in five years, which is dilution.
  • Operating margin is up 1.3 points on five years ago, at 6.5%.
  • Profitable in every one of the 10 years on file.