Shareholders being diluted. Shares outstanding up 43% from December 2022 to August 2026.
Pangaea Logistics Solutions had 43% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Pangaea Logistics Solutions had 43% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Profit below an unusually strong 2022.Since 2022 (an unusually strong year for operating profit): revenue −9.7%, operating profit −61%.Since 2022: revenue −9.7%, operating profit −61%.
Since 2022, Pangaea Logistics Solutions's revenue changed −9.7% while operating profit fell 61%: costs rose faster than sales.
Profit is backed by cash. Free cash flow is 127% of reported profit.
Pangaea Logistics Solutions's free cash flow is 127% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Fast revenue growth. Revenue grew 23% in the 12 months to June 2026 vs the 12 months before, faster than 88% of peers.
Revenue grew 23% in the 12 months to June 2026 vs the 12 months before, faster than 88% of its peers.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 90 → 91
Share price -5.1%+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Oct 27, 2026 close: Score 59 → 58
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Pangaea Logistics Solutions
Is Pangaea Logistics Solutions getting weaker?
Its latest SEC filing (Aug 10, 2026) got stronger: operating margin rose 2.2 points to 9.3%. Its overall score is unchanged at 71/100 since Oct 28, 2026.
How is Pangaea Logistics Solutions valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 91/100 against 2,459 industrials peers.EBITDA yield 18.0% vs a peer median of 6.9% (stronger than 90% of peers).EBITDA yield 18.0% vs peers 6.9% (stronger than 90% of peers).
Is Pangaea Logistics Solutions growing?
Yes, faster than most of its peers. Growth scores 97/100 against 2,459 industrials peers.Earnings per share growth 437.5% vs a peer median of 7.1% (stronger than 95% of peers).Earnings per share growth 437.5% vs peers 7.1% (stronger than 95% of peers).
How profitable is Pangaea Logistics Solutions?
About as profitable as its peers. Profitability scores 58/100 against 2,459 industrials peers.Return on assets 5.0% vs a peer median of 3.1% (stronger than 69% of peers).Return on assets 5.0% vs peers 3.1% (stronger than 69% of peers).
How risky is Pangaea Logistics Solutions?
Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings.Beta 0.81 vs a peer median of 0.64 (weaker than 62% of peers).Beta 0.81 vs peers 0.64 (weaker than 62% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026
Got stronger
Operating margin rose 2.2 points to 9.3%
Previous quarter
Latest quarter
Change
Revenue (12 months)
679.8M USD
710.2M USD
+4.5%
Net income (12 months)
34.6M USD
47.6M USD
+37.4%
Operating margin
7.1%
9.3%
+2.2 pts
Debt
242.6M USD
235.6M USD
−2.9%
Cash
89.7M USD
105.7M USD
+17.8%
Shares outstanding
65.4M
65.5M
+0.1%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Industrials · 318 companies
Valuations in Industrials are near the top of their range since 2016.
85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.
2016Shaded: most expensive fifth of its range2026
Pangaea Logistics Solutions looks cheaper than most of its peers on our valuation measures, while the Industrials sector as a whole is valued high by its own standards since 2016. Both can be true at once.
Shown for Industrials: too few Marine Shipping companies have a long enough history of their own.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Operating margin
11.0%
15.1%
8.9%
9.0%
6.5%
▼ 2.6 pts
Net margin
9.4%
11.4%
5.3%
5.4%
3.1%
▼ 2.3 pts
Return on assets (ROA)
9.5%
10.6%
3.7%
3.1%
2.1%
▼ 1.0 pts
Return on equity (ROE)
27.2%
25.3%
8.1%
6.8%
4.5%
▼ 2.2 pts
Current ratio
1.65×
2.41×
1.82×
1.76×
1.69×
▼ 4.2%
Quick ratio
1.40×
2.10×
1.66×
1.46×
1.46×
▲ 0.3%
Debt to equity
0.01×
0.00×
0.47×
0.60×
0.27×
▼ 56%
Interest coverage
7.64×
6.72×
2.62×
2.84×
1.71×
▼ 40%
PANL price history
Price history is added with the daily price update and will appear after the next one.