PANL
Pangaea Logistic
NASDAQ: PANL · INDUSTRIALS · MARINE SHIPPING
$7.87
+0.64% today
Updated 2026-05-07
Market cap
$517.98M
P/E ratio
26.43
P/S ratio
0.82x
EPS (TTM)
$0.30
Dividend yield
3.35%
52W range
$4 – $9
Volume
0.6M
Pangaea Logistic (PANL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.29M | $387.06M | $392.47M | $398.28M | $287.33M | $238.02M | $385.95M | $372.97M | $412.20M | $382.90M | $718.10M | $699.71M | $499.27M | $536.54M | $632.04M |
| Revenue growth (YoY) | — | +531.5% | +1.4% | +1.5% | -27.9% | -17.2% | +62.2% | -3.4% | +10.5% | -7.1% | +87.5% | -2.6% | -28.6% | +7.5% | +17.8% |
| Cost of revenue | — | $349.21M | $359.49M | $380.38M | $245.85M | $212.35M | $345.48M | $319.56M | $362.22M | $344.75M | $620.27M | $570.77M | $430.13M | $463.46M | $563.03M |
| Gross profit | $61.29M | $37.85M | $32.98M | $17.90M | $41.49M | $25.67M | $40.46M | $53.42M | $49.97M | $38.14M | $97.84M | $128.94M | $69.14M | $73.08M | $69.02M |
| Gross margin | 100.0% | 9.8% | 8.4% | 4.5% | 14.4% | 10.8% | 10.5% | 14.3% | 12.1% | 10.0% | 13.6% | 18.4% | 13.8% | 13.6% | 10.9% |
| R&D | $24.13M | $30.03M | $34.22M | $41.15M | $44.64M | $42.74M | $49.14M | $53.72M | — | $83.89M | $99.67M | $117.06M | — | — | — |
| SG&A | $26.38M | $11.03M | $11.60M | $12.83M | $14.97M | $12.77M | $15.16M | $16.48M | $17.38M | $15.92M | $18.97M | $20.10M | $22.78M | $24.63M | $31.07M |
| Operating income | $5.69M | $19.64M | $21.38M | $-2.49M | $20.53M | $12.89M | $16.03M | $36.07M | $23.26M | $19.70M | $78.87M | $105.51M | $44.62M | $48.45M | $37.94M |
| Operating margin | 9.3% | 5.1% | 5.4% | -0.6% | 7.1% | 5.4% | 4.2% | 9.7% | 5.6% | 5.1% | 11.0% | 15.1% | 8.9% | 9.0% | 6.0% |
| EBITDA | — | $26.32M | $32.15M | $4.25M | $31.95M | $29.00M | $32.99M | $50.50M | $44.86M | $37.58M | $106.86M | $137.42M | $76.10M | $82.32M | $80.42M |
| EBITDA margin | 0.0% | 6.8% | 8.2% | 1.1% | 11.1% | 12.2% | 8.5% | 13.5% | 10.9% | 9.8% | 14.9% | 19.6% | 15.2% | 15.3% | 12.7% |
| EBIT | $2.49M | $19.64M | $22.53M | $-7.42M | $19.22M | $14.90M | $17.37M | $32.88M | $26.33M | $20.52M | $83.89M | $107.93M | $46.03M | $51.95M | $37.94M |
| Interest expense | $0.00 | $0.00 | $7.02M | $6.23M | $5.86M | $5.74M | $8.27M | $8.90M | $9.28M | $7.83M | $11.51M | $22.42M | $17.49M | $20.18M | $24.01M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $3.16M | $-2.69M | $15.45M | $-12.13M | $11.28M | $7.46M | $7.81M | $17.76M | $11.66M | $11.35M | $67.23M | $79.49M | $26.32M | $28.90M | $19.37M |
| Net income growth (YoY) | — | -185.2% | +675.1% | -178.5% | +193.0% | -33.9% | +4.8% | +127.3% | -34.3% | -2.6% | +492.2% | +18.2% | -66.9% | +9.8% | -33.0% |
| Profit margin | 5.1% | -0.7% | 3.9% | -3.0% | 3.9% | 3.1% | 2.0% | 4.8% | 2.8% | 3.0% | 9.4% | 11.4% | 5.3% | 5.4% | 3.1% |