Pangaea Logistics Solutions Ltd. (PANL)

PANL Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	710.25	632.04	536.54	499.27	699.71	718.1
Revenue Growth	22.50%	17.80%	7.46%	-28.65%	-2.56%	87.55%
Gross Profit Gross Profit Growth	145.41	111.49	103.45	99.21	158.43	120.81
Operating Income Operating Income Growth	63.53	37.94	48.45	46.36	108.83	78.87
Net Income Net Income Growth	47.59	19.37	28.9	26.32	79.49	67.23
Earnings Per Share EPS Growth	0.73	0.30	0.63	0.58	1.76	1.50
EPS Growth	350.13%	-52.38%	8.62%	-67.05%	17.33%	476.93%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Shipping Shipping Growth	691.64	616.81	523.77	491.29
All Other All Other Growth	18.61	15.24	12.77	7.98
Total Total Growth	710.25	632.04	536.54	499.27

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	105.68	103.05	86.81	99.04	128.38	56.21
Total Debt Total Debt Growth	349.49	372.21	397.37	264.44	299.48	309.51
Net Cash (Debt) Net Cash Growth	-243.81	-269.15	-310.57	-165.4	-171.1	-253.3
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-3.74	-4.16	-6.74	-3.64	-3.80	-5.65

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	69.57	53.73	65.69	53.79	134.8	61.75
Capital Expenditures CapEx Growth	-9.34	-6.49	-69.43	-27.26	-36.39	-196.65
Free Cash Flow Free Cash Flow Growth	60.22	47.24	-3.74	26.52	98.41	-134.91
Free Cash Flow Growth	-	-	-	-73.05%	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	20.47%	17.64%	19.28%	19.87%	22.64%	16.82%
Operating Margin	8.95%	6.00%	9.03%	9.29%	15.55%	10.98%
Pretax Margin	6.97%	3.19%	5.92%	5.72%	12.22%	10.08%
Profit Margin	6.70%	3.06%	5.39%	5.27%	11.36%	9.36%
FCF Margin	8.48%	7.47%	-0.70%	5.31%	14.06%	-18.79%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 17, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.400	0.250	0.400	0.400	0.300	0.110
Dividend Per Share Growth	-16.67%	-37.50%	0%	33.33%	172.73%	450.00%
Dividend Yield	5.21%	3.68%	7.92%	5.45%	6.98%	3.69%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 17, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	10.58	23.08	12.05	14.55	2.98	2.57
Forward PE	8.57	6.62	7.62	10.84	3.76	2.85
P/FCF Ratio	8.22	9.46	-	14.44	2.40	-
PS Ratio	0.70	0.71	0.65	0.77	0.34	0.24

Data Source: S&P Global Market Intelligence Last updated: May 11, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 16, 2026

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