What is PAMT's operating income?

PAMT's total operating income in 2025 was -$64.06 million, based on the following breakdown: Total Gross Profit: $190.17 million Total Operating Expenses: $254.23 million

PAMT (PAMT) Financials

$16.22 +0.42 (+2.66%)

Closing price 07/24/2026 04:00 PM Eastern

Extended Trading

$16.16 -0.06 (-0.37%)

As of 07/24/2026 07:05 PM Eastern

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Annual Income Statements for PAMT

This table shows PAMT's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	21	11	39	24	7.90	18	77	91	18	-32	-53
Consolidated Net Income / (Loss)	21	11	39	24	7.90	18	77	91	18	-32	-53
Net Income / (Loss) Continuing Operations	21	11	39	24	7.90	18	77	91	18	-32	-53
Total Pre-Tax Income	35	18	15	31	10	23	103	119	29	-42	-70
Total Operating Income	36	20	13	42	13	34	100	124	30	-37	-64
Total Gross Profit	311	321	336	413	384	363	287	765	625	540	190
Total Revenue	417	433	438	533	514	487	707	947	811	715	598
Operating Revenue	417	433	438	533	514	487	707	947	811	715	598
Total Cost of Revenue	106	112	102	120	130	124	420	182	186	174	408
Operating Cost of Revenue	106	112	102	120	130	124	420	182	186	174	408
Total Operating Expenses	275	301	323	372	372	329	187	641	594	577	254
Selling, General & Admin Expense	15	17	17	17	36	8.87	19	33	31	20	47
Depreciation Expense	32	39	42	49	55	56	55	63	65	99	83
Other Operating Expenses / (Income)	233	250	263	307	281	263	115	549	500	451	140
Impairment Charge	-	-	-	-	-	-	-	0.00	0.00	6.41	0.00
Other Special Charges / (Income)	-5.75	-4.70	-0.06	-1.31	0.58	0.37	-1.45	-3.25	-1.04	0.77	-15
Total Other Income / (Expense), net	-1.30	-2.16	1.95	-10	-2.43	-11	2.30	-4.76	-1.73	-4.78	-6.23
Interest Expense	2.82	3.64	3.90	6.25	8.65	8.82	8.04	7.93	9.18	13	17
Other Income / (Expense), net	1.52	1.49	5.85	-4.02	6.22	-1.70	10	3.17	7.45	8.46	11
Income Tax Expense	13	6.67	-24	7.35	2.22	5.58	26	28	10	-9.75	-18
Basic Earnings per Share	$2.94	$1.68	$6.14	$3.94	$0.68	$0.77	$3.37	$4.08	$0.83	($1.45)	($2.48)
Weighted Average Basic Shares Outstanding	7.29M	6.63M	6.33M	6.08M	11.66M	23.01M	22.72M	22.25M	22.06M	21.88M	21.21M
Diluted Earnings per Share	$2.93	$1.67	$6.08	$3.90	$0.67	$0.77	$3.35	$4.04	$0.83	($1.45)	($2.48)
Weighted Average Diluted Shares Outstanding	7.33M	6.65M	6.40M	6.16M	11.76M	23.07M	22.86M	22.44M	22.20M	21.88M	21.21M
Weighted Average Basic & Diluted Shares Outstanding	7.30M	6.60M	6.30M	6.10M	5.75M	5.72M	11.13M	22.17M	22.03M	21.79M	20.93M

This table shows PAMT's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	6.10	-2.23	0.28	-2.91	2.41	-32	-8.14	-9.63	-5.59	-29	-0.01
Consolidated Net Income / (Loss)	6.10	-2.23	0.28	-2.91	2.41	-32	-8.14	-9.63	-5.59	-29	-0.01
Net Income / (Loss) Continuing Operations	6.10	-2.23	0.28	-2.91	2.41	-32	-8.14	-9.63	-5.59	-29	-0.01
Total Pre-Tax Income	8.43	0.29	0.38	-3.78	3.12	-41	-11	-13	-7.66	-39	-0.01
Total Operating Income	8.83	-0.81	-0.68	-0.71	2.31	-38	-9.19	-11	-5.71	-38	-0.27
Total Gross Profit	155	-180	139	139	138	125	115	45	111	-80	103
Total Revenue	202	180	183	183	183	167	155	151	150	141	142
Operating Revenue	202	180	183	183	183	167	155	151	150	141	142
Total Cost of Revenue	46	360	44	44	45	42	41	106	40	222	39
Operating Cost of Revenue	46	360	44	44	45	42	41	106	40	222	39
Total Operating Expenses	147	-179	139	140	136	162	124	56	116	-42	103
Selling, General & Admin Expense	5.15	5.14	4.86	5.46	4.77	4.69	4.78	5.17	5.05	32	5.21
Depreciation Expense	16	17	19	19	18	44	23	22	20	19	19
Other Operating Expenses / (Income)	126	-201	115	116	113	106	99	34	95	-89	94
Other Special Charges / (Income)	-0.34	0.13	0.24	-0.14	-0.21	0.87	-3.01	-4.41	-4.00	-4.04	-15
Total Other Income / (Expense), net	-0.41	1.11	1.06	-3.08	0.81	-3.57	-1.56	-1.77	-1.95	-0.95	0.26
Interest Expense	2.05	2.61	2.88	3.28	2.94	4.14	4.04	4.03	4.48	4.91	4.54
Other Income / (Expense), net	1.64	3.72	3.94	0.21	3.74	0.57	2.49	2.26	2.53	3.96	4.80
Income Tax Expense	2.33	2.53	0.10	-0.87	0.71	-9.68	-2.61	-3.21	-2.08	-9.79	-0.00
Basic Earnings per Share	$0.28	($0.10)	$0.01	($0.13)	$0.11	($1.44)	($0.37)	($0.46)	($0.27)	($1.38)	$0.00
Weighted Average Basic Shares Outstanding	22.02M	22.06M	22.03M	21.93M	21.77M	21.88M	21.79M	21.10M	20.93M	21.21M	20.94M
Diluted Earnings per Share	$0.28	($0.10)	$0.01	($0.13)	$0.11	($1.44)	($0.37)	($0.46)	($0.27)	($1.38)	$0.00
Weighted Average Diluted Shares Outstanding	22.14M	22.20M	22.13M	21.93M	21.83M	21.88M	21.79M	21.10M	20.93M	21.21M	20.94M
Weighted Average Basic & Diluted Shares Outstanding	22.02M	22.03M	22.03M	21.76M	21.78M	21.79M	21.79M	20.93M	20.93M	20.93M	20.94M

This table details how cash moves in and out of PAMT's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-27	-0.02	0.09	0.06	0.04	0.02	18	56	27	-33	-33
Net Cash From Operating Activities	62	48	51	82	84	68	102	169	115	59	17
Net Cash From Continuing Operating Activities	62	48	51	82	84	68	102	169	115	59	17
Net Income / (Loss) Continuing Operations	21	11	39	24	7.90	18	77	91	18	-32	-53
Consolidated Net Income / (Loss)	21	11	39	24	7.90	18	77	91	18	-32	-53
Depreciation Expense	32	39	42	49	55	56	55	63	65	99	83
Non-Cash Adjustments To Reconcile Net Income	-5.73	-4.38	-3.80	5.70	-2.53	4.83	-8.16	-2.75	0.29	7.89	-20
Changes in Operating Assets and Liabilities, net	13	1.88	-27	3.26	24	-11	-22	18	31	-16	6.46
Net Cash From Investing Activities	-86	-53	-45	-55	-62	-33	9.25	-114	-11	-100	18
Net Cash From Continuing Investing Activities	-86	-53	-45	-55	-62	-33	9.25	-114	-11	-100	18
Purchase of Property, Plant & Equipment	-126	-86	-68	-74	-79	-48	-19	-64	-34	-141	-41
Purchase of Investments	-2.77	-0.81	-3.21	-7.32	-0.20	-3.92	-6.40	-1.18	0.00	0.00	-4.24
Sale of Property, Plant & Equipment	33	32	19	25	14	17	32	17	23	37	58
Sale and/or Maturity of Investments	1.50	1.55	6.83	1.05	2.98	2.04	3.11	0.00	0.14	3.66	5.04
Net Cash From Financing Activities	-3.51	5.39	-5.24	-27	-22	-35	-93	0.29	-77	8.59	-69
Net Cash From Continuing Financing Activities	-3.51	5.39	-5.24	-27	-22	-35	-93	0.29	-77	8.59	-69
Repayment of Debt	-597	-578	-541	-690	-659	-584	-764	-1,014	-951	-818	-737
Repurchase of Common Equity	-48	-21	-6.35	-13	-14	-2.28	-11	-7.00	-4.74	-5.26	-15
Issuance of Debt	641	605	542	676	652	552	682	1,022	879	832	683
Other Financing Activities, net	0.24	0.09	0.12	0.49	-	-	-	-	0.00	-0.00	0.00
Cash Interest Paid	2.82	3.60	3.91	6.10	8.61	8.80	8.14	7.84	9.76	13	17
Cash Income Taxes Paid	2.95	0.29	0.52	0.22	0.67	0.28	3.87	23	5.51	0.67	0.89

This table details how cash moves in and out of PAMT's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	4.31	-1.69	-21	-7.98	-24	20	-11	12	-0.16	-34	5.29
Net Cash From Operating Activities	26	21	9.59	19	16	15	5.00	12	5.94	-5.81	-2.69
Net Cash From Continuing Operating Activities	26	21	9.59	19	16	15	5.00	12	5.94	-5.81	-2.69
Net Income / (Loss) Continuing Operations	6.10	-2.23	0.28	-2.91	2.41	-32	-8.14	-9.63	-5.59	-29	-0.01
Consolidated Net Income / (Loss)	6.10	-2.23	0.28	-2.91	2.41	-32	-8.14	-9.63	-5.59	-29	-0.01
Depreciation Expense	16	17	19	19	18	44	23	22	20	19	19
Non-Cash Adjustments To Reconcile Net Income	5.76	-7.31	-0.19	1.65	-2.38	8.80	-3.70	-5.58	-3.97	-6.57	-19
Changes in Operating Assets and Liabilities, net	-1.08	14	-9.44	1.24	-2.25	-5.86	-5.76	5.70	-4.31	11	-3.31
Net Cash From Investing Activities	-6.48	-0.38	-9.80	-6.30	-39	-45	0.36	7.33	14	-3.51	29
Net Cash From Continuing Investing Activities	-6.48	-0.38	-9.80	-6.30	-39	-45	0.36	7.33	14	-3.51	29
Purchase of Property, Plant & Equipment	-14	-7.28	-22	-15	-49	-55	-12	-6.35	-3.42	-19	-14
Sale of Property, Plant & Equipment	7.18	6.90	12	5.69	10	9.06	14	15	15	14	31
Sale and/or Maturity of Investments	0.14	-	0.00	-	0.17	0.87	0.00	0.74	3.08	1.22	12
Other Investing Activities, net	-	-	0.00	-	-	-	-1.65	-	-	-	0.00
Net Cash From Financing Activities	-16	-22	-20	-20	-0.60	50	-16	-7.70	-20	-24	-21
Net Cash From Continuing Financing Activities	-16	-22	-20	-20	-0.60	50	-16	-7.70	-20	-24	-21
Repayment of Debt	-209	-209	-228	-192	-197	-200	-169	-197	-170	-201	-166
Repurchase of Common Equity	-0.64	-	-	-5.26	-	-	0.00	-	-	-	-0.01
Issuance of Debt	194	187	208	177	197	250	152	204	150	177	145
Cash Interest Paid	2.57	2.65	2.93	3.26	2.95	4.35	3.96	4.02	4.52	4.94	4.00

This table presents PAMT's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	358	380	392	466	498	579	587	749	760	742	698
Total Current Assets	93	100	102	109	106	124	200	281	251	212	171
Cash & Equivalents	0.16	0.14	0.22	0.28	0.32	0.34	19	74	101	68	35
Short-Term Investments	25	28	27	28	30	28	39	42	43	43	48
Accounts Receivable	55	61	62	67	66	83	129	141	88	85	74
Inventories, net	1.89	1.90	1.66	1.46	1.33	1.35	1.46	2.57	2.32	2.43	2.33
Prepaid Expenses	8.05	8.78	10	10	8.67	10	11	16	13	12	9.81
Current Deferred & Refundable Income Taxes	2.87	0.74	1.50	1.88	0.50	0.87	0.28	5.65	3.88	2.28	1.73
Plant, Property, & Equipment, net	263	277	287	355	387	451	384	464	505	527	517
Plant, Property & Equipment, gross	372	390	410	492	563	654	585	706	771	836	792
Accumulated Depreciation	109	113	123	138	176	203	201	242	266	309	276
Total Noncurrent Assets	2.44	2.39	3.00	2.75	4.84	4.25	3.63	4.80	4.70	2.67	9.84
Other Noncurrent Operating Assets	2.44	2.39	3.00	2.75	4.84	4.25	3.63	4.80	4.70	2.67	9.84
Total Liabilities & Shareholders' Equity	358	380	392	466	498	579	587	749	760	742	698
Total Liabilities	256	286	265	327	364	429	371	449	446	464	487
Total Current Liabilities	85	81	111	107	125	130	111	142	137	119	139
Short-Term Debt	40	43	74	64	68	58	50	59	58	73	66
Accounts Payable	18	16	20	20	17	46	43	49	63	31	33
Accrued Expenses	27	22	18	23	41	27	14	34	17	15	41
Total Noncurrent Liabilities	172	205	154	219	239	298	260	307	309	345	348
Long-Term Debt	99	124	99	157	174	228	173	205	204	253	268
Noncurrent Deferred & Payable Income Tax Liabilities	72	80	55	62	64	69	87	101	104	93	74
Other Noncurrent Operating Liabilities	-	-	-	0.00	1.48	0.92	0.42	0.10	0.75	0.25	6.04
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	102	94	128	139	134	150	216	300	314	278	210
Total Preferred & Common Equity	102	94	128	139	134	150	216	300	314	278	210
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	102	94	128	139	134	150	216	300	314	278	210
Common Stock	81	81	82	83	84	84	85	41	41	41	42
Retained Earnings	117	129	168	199	207	225	301	263	282	250	198
Treasury Stock	-102	-123	-129	-143	-157	-159	-170	-4.00	-8.74	-14	-29

This table presents PAMT's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	719	744	705	732	746	734	757	713	708	715	681
Total Current Assets	256	293	265	270	242	229	208	204	209	210	181
Cash & Equivalents	43	92	98	102	80	72	48	57	69	69	41
Short-Term Investments	36	41	41	41	46	42	44	46	48	47	41
Accounts Receivable	162	139	108	104	99	99	100	89	81	82	87
Inventories, net	2.28	2.62	2.59	2.60	2.39	2.33	2.33	2.33	2.38	2.27	2.56
Prepaid Expenses	12	14	12	11	11	9.41	9.50	10	8.52	8.03	8.59
Current Deferred & Refundable Income Taxes	0.73	3.28	3.00	8.42	3.80	4.47	4.32	0.00	0.00	2.53	1.64
Plant, Property, & Equipment, net	459	447	437	457	501	502	546	506	495	501	490
Plant, Property & Equipment, gross	693	691	690	715	772	781	828	800	776	784	760
Accumulated Depreciation	234	244	253	258	271	280	282	295	281	283	270
Total Noncurrent Assets	4.63	4.33	4.15	5.20	3.24	2.80	2.66	2.67	4.00	3.81	9.67
Other Noncurrent Operating Assets	4.63	4.33	4.15	5.20	3.24	2.80	2.66	2.67	4.00	3.81	9.67
Total Liabilities & Shareholders' Equity	719	744	705	732	746	734	757	713	708	715	681
Total Liabilities	436	442	395	415	432	427	448	443	463	476	471
Total Current Liabilities	132	148	115	136	108	112	116	127	118	118	139
Short-Term Debt	52	59	53	56	53	55	61	74	69	69	69
Accounts Payable	55	46	41	58	39	40	38	31	31	33	28
Accrued Expenses	25	43	21	22	17	17	17	15	17	16	42
Total Noncurrent Liabilities	305	293	280	280	324	315	332	316	345	358	332
Long-Term Debt	206	193	177	171	219	211	228	235	262	274	252
Noncurrent Deferred & Payable Income Tax Liabilities	99	101	103	107	104	104	104	81	82	84	74
Other Noncurrent Operating Liabilities	0.19	0.02	0.00	0.75	0.50	0.50	0.25	0.00	0.58	0.50	5.86
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	283	302	311	316	315	307	309	270	245	240	210
Total Preferred & Common Equity	283	302	311	316	315	307	309	270	245	240	210
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	283	302	311	316	315	307	309	270	245	240	210
Common Stock	41	41	41	41	41	41	41	42	41	42	42
Retained Earnings	246	269	278	284	282	279	282	242	232	227	197
Treasury Stock	-2.88	-7.52	-8.10	-8.74	-8.74	-14	-14	-14	-29	-29	-29

This table displays calculated financial ratios and metrics derived from PAMT's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	7,114,761.00	6,408,831.00	6,303,035.00	5,973,270.00	5,753,982.00	5,734,512.00	11,167,261.00	-	-	-	20,926,020.00
DEI Adjusted Shares Outstanding	284,590,440.00	256,353,240.00	252,121,400.00	238,930,800.00	230,159,280.00	229,380,480.00	22,334,522.00	-	-	-	20,926,020.00
DEI Earnings Per Adjusted Shares Outstanding	0.08	0.04	0.15	0.10	0.03	0.08	3.43	-	-	-	-2.51
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.49%	3.79%	1.15%	21.79%	-3.58%	-5.32%	45.25%	33.90%	-14.37%	-11.86%	-16.31%
EBITDA Growth	14.15%	-13.65%	0.46%	43.03%	-15.06%	19.65%	87.30%	14.61%	-46.05%	-30.68%	-57.06%
EBIT Growth	50.33%	-43.27%	-13.45%	102.81%	-50.06%	71.69%	243.05%	14.83%	-70.26%	-174.97%	-86.64%
NOPAT Growth	59.10%	-44.02%	170.83%	-5.52%	-69.23%	163.63%	189.54%	26.07%	-79.29%	-231.76%	-74.25%
Net Income Growth	58.89%	-48.21%	250.41%	-38.32%	-67.08%	125.66%	329.21%	18.50%	-79.69%	-272.65%	-65.46%
EPS Growth	74.40%	-43.00%	264.07%	-35.86%	-67.08%	125.66%	329.21%	20.60%	-79.46%	-274.70%	-71.03%
Operating Cash Flow Growth	11.35%	-22.44%	6.07%	62.70%	2.37%	-19.82%	50.53%	65.93%	-32.13%	-48.47%	-70.64%
Free Cash Flow Firm Growth	-167.71%	90.08%	-18.97%	-357.34%	87.98%	-984.28%	383.64%	-74.45%	38.19%	-338.51%	84.82%
Invested Capital Growth	51.48%	8.11%	17.02%	21.76%	3.94%	17.88%	-6.71%	17.92%	-3.69%	13.96%	-6.45%
Revenue Q/Q Growth	0.17%	1.39%	0.58%	5.39%	-2.78%	4.12%	11.19%	2.57%	-6.62%	-1.87%	-4.05%
EBITDA Q/Q Growth	3.29%	-5.05%	4.47%	10.35%	-24.62%	70.03%	11.20%	-4.71%	-18.15%	-15.43%	-41.61%
EBIT Q/Q Growth	7.42%	-18.10%	10.50%	19.89%	-57.51%	889.22%	18.57%	-8.61%	-38.20%	-341.44%	5.35%
NOPAT Q/Q Growth	5.23%	-13.08%	391.71%	-44.62%	-71.77%	11,249.71%	23.59%	-10.72%	-48.63%	18.43%	-0.63%
Net Income Q/Q Growth	5.41%	-18.44%	382.56%	-51.51%	-71.38%	282.60%	22.27%	-9.85%	-52.33%	-1,198.82%	4.24%
EPS Q/Q Growth	7.72%	-17.33%	378.74%	-52.44%	-71.38%	282.60%	22.27%	-10.62%	-52.57%	-1,218.18%	2.36%
Operating Cash Flow Q/Q Growth	-21.84%	29.79%	2.85%	27.78%	-16.73%	10.79%	15.04%	14.17%	-19.62%	-8.56%	-54.85%
Free Cash Flow Firm Q/Q Growth	-507.42%	69.63%	-179.88%	18.82%	-56.75%	-78.86%	47.89%	429.34%	-63.71%	37.01%	-133.25%
Invested Capital Q/Q Growth	13.18%	5.25%	23.55%	6.41%	-1.05%	10.36%	5.40%	-2.82%	7.95%	-2.56%	-1.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	74.60%	74.07%	76.65%	77.53%	74.77%	74.51%	40.60%	80.79%	38.10%	75.58%	31.80%
EBITDA Margin	16.81%	13.98%	13.89%	16.31%	14.37%	18.16%	23.41%	20.04%	12.62%	9.93%	5.09%
Operating Margin	8.69%	4.60%	2.90%	7.80%	2.44%	6.97%	14.17%	13.07%	3.74%	-5.14%	-10.71%
EBIT Margin	9.05%	4.95%	4.23%	7.05%	3.65%	6.62%	15.63%	13.41%	4.66%	-3.96%	-8.83%
Profit (Net Income) Margin	5.14%	2.56%	8.88%	4.50%	1.54%	3.66%	10.82%	9.58%	2.27%	-4.45%	-8.80%
Tax Burden Percent	61.37%	62.46%	265.87%	76.56%	78.10%	76.15%	74.65%	76.19%	64.44%	76.53%	74.84%
Interest Burden Percent	92.53%	83.00%	78.95%	83.38%	53.89%	72.64%	92.73%	93.75%	75.69%	146.77%	133.05%
Effective Tax Rate	38.63%	37.54%	-165.87%	23.44%	21.90%	23.85%	25.35%	23.81%	35.56%	0.00%	0.00%
Return on Invested Capital (ROIC)	12.40%	5.54%	13.30%	10.51%	2.89%	6.85%	18.98%	22.75%	4.44%	-5.57%	-9.41%
ROIC Less NNEP Spread (ROIC-NNEP)	11.38%	4.48%	16.94%	5.88%	1.95%	3.45%	19.79%	20.43%	3.60%	-9.21%	-12.75%
Return on Net Nonoperating Assets (RNNOA)	8.88%	5.81%	21.78%	7.46%	2.89%	5.70%	22.82%	12.38%	1.56%	-5.18%	-12.15%
Return on Equity (ROE)	21.27%	11.34%	35.08%	17.97%	5.78%	12.56%	41.80%	35.12%	5.99%	-10.75%	-21.56%
Cash Return on Invested Capital (CROIC)	-28.54%	-2.26%	-2.38%	-9.12%	-0.98%	-9.56%	25.92%	6.30%	8.19%	-18.61%	-2.74%
Operating Return on Assets (OROA)	11.06%	5.80%	4.80%	8.76%	3.89%	5.99%	18.96%	18.99%	5.00%	-3.77%	-7.34%
Return on Assets (ROA)	6.28%	3.01%	10.07%	5.59%	1.64%	3.31%	13.12%	13.57%	2.44%	-4.23%	-7.31%
Return on Common Equity (ROCE)	21.27%	11.34%	35.08%	17.97%	5.78%	12.56%	41.80%	35.12%	5.99%	-10.75%	-21.56%
Return on Equity Simple (ROE_SIMPLE)	21.11%	11.79%	30.48%	17.21%	5.90%	11.89%	35.41%	30.21%	5.86%	-11.46%	0.00%
Net Operating Profit after Tax (NOPAT)	22	12	34	32	9.80	26	75	94	20	-26	-45
NOPAT Margin	5.33%	2.88%	7.70%	5.97%	1.91%	5.31%	10.58%	9.96%	2.41%	-3.60%	-7.50%
Net Nonoperating Expense Percent (NNEP)	1.02%	1.06%	-3.64%	4.63%	0.94%	3.41%	-0.81%	2.32%	0.84%	3.64%	3.34%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	16.71%	3.39%	-4.27%	-8.24%
Cost of Revenue to Revenue	25.40%	25.93%	23.35%	22.47%	25.23%	25.49%	59.40%	19.21%	61.90%	24.42%	68.20%
SG&A Expenses to Revenue	3.67%	3.84%	3.99%	3.22%	6.93%	1.82%	2.66%	3.43%	3.79%	2.77%	7.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	65.91%	69.47%	73.76%	69.73%	72.33%	67.54%	26.43%	67.72%	34.36%	80.73%	42.51%
Earnings before Interest and Taxes (EBIT)	38	21	19	38	19	32	111	127	38	-28	-53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	70	61	61	87	74	88	166	190	102	71	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.93	1.77	1.70	1.69	2.48	1.87	3.67	1.91	1.46	1.29	1.20
Price to Tangible Book Value (P/TBV)	1.93	1.77	1.70	1.69	2.48	1.87	3.67	1.91	1.46	1.29	1.20
Price to Revenue (P/Rev)	0.47	0.38	0.50	0.44	0.65	0.58	1.12	0.61	0.56	0.50	0.42
Price to Earnings (P/E)	9.16	15.00	5.58	9.81	42.03	15.76	10.36	6.34	24.85	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	10.92%	6.67%	17.92%	10.19%	2.38%	6.34%	9.65%	15.78%	4.02%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.44	1.31	1.33	1.29	1.57	1.32	2.52	1.61	1.33	1.16	1.09
Enterprise Value to Revenue (EV/Rev)	0.75	0.71	0.83	0.80	1.06	1.11	1.35	0.76	0.71	0.80	0.84
Enterprise Value to EBITDA (EV/EBITDA)	4.43	5.05	5.97	4.93	7.36	6.10	5.78	3.81	5.62	8.06	16.51
Enterprise Value to EBIT (EV/EBIT)	8.23	14.29	19.57	11.41	28.99	16.72	8.66	5.70	15.24	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	13.98	24.58	10.76	13.46	55.52	20.86	12.80	7.67	29.47	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	5.05	6.41	7.17	5.21	6.45	7.97	9.41	4.28	5.02	9.68	29.01
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	9.37	27.70	15.95	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.37	1.78	1.35	1.59	1.81	1.91	1.03	0.88	0.83	1.17	1.59
Long-Term Debt to Equity	0.98	1.32	0.78	1.13	1.30	1.52	0.80	0.68	0.65	0.91	1.27
Financial Leverage	0.78	1.30	1.29	1.27	1.48	1.65	1.15	0.61	0.43	0.56	0.95
Leverage Ratio	3.39	3.77	3.48	3.21	3.53	3.79	3.18	2.59	2.46	2.54	2.95
Compound Leverage Factor	3.13	3.13	2.75	2.68	1.90	2.75	2.95	2.43	1.86	3.73	3.92
Debt to Total Capital	57.83%	63.97%	57.50%	61.34%	64.35%	65.61%	50.70%	46.82%	45.44%	53.99%	61.33%
Short-Term Debt to Total Capital	16.62%	16.38%	24.53%	17.72%	18.00%	13.25%	11.30%	10.42%	10.01%	12.11%	12.04%
Long-Term Debt to Total Capital	41.21%	47.59%	32.97%	43.62%	46.35%	52.36%	39.40%	36.40%	35.43%	41.88%	49.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	42.17%	36.03%	42.50%	38.66%	35.65%	34.39%	49.30%	53.18%	54.56%	46.01%	38.67%
Debt to EBITDA	1.99	2.76	2.84	2.54	3.27	3.24	1.34	1.39	2.56	4.59	10.96
Net Debt to EBITDA	1.63	2.30	2.40	2.22	2.87	2.92	0.99	0.78	1.15	3.03	8.21
Long-Term Debt to EBITDA	1.42	2.06	1.63	1.81	2.36	2.58	1.04	1.08	1.99	3.56	8.81
Debt to NOPAT	6.26	13.43	5.12	6.95	24.68	11.07	2.97	2.80	13.40	-12.65	-7.45
Net Debt to NOPAT	5.15	11.20	4.32	6.07	21.63	9.98	2.20	1.57	6.04	-8.35	-5.58
Long-Term Debt to NOPAT	4.46	9.99	2.94	4.94	17.78	8.84	2.31	2.18	10.45	-9.81	-5.98
Altman Z-Score	2.46	2.21	2.34	2.44	2.24	1.95	4.00	3.31	2.54	1.92	1.37
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.23	0.92	1.01	0.85	0.95	1.79	1.98	1.83	1.78	1.23
Quick Ratio	0.94	1.09	0.80	0.88	0.76	0.85	1.68	1.81	1.69	1.65	1.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-51	-5.08	-6.04	-28	-3.32	-36	102	26	36	-86	-13
Operating Cash Flow to CapEx	66.70%	88.58%	103.49%	168.13%	129.51%	219.39%	0.00%	362.61%	1,001.72%	56.74%	0.00%
Free Cash Flow to Firm to Interest Expense	-18.17	-1.40	-1.55	-4.43	-0.38	-4.09	12.71	3.29	3.93	-6.50	-0.75
Operating Cash Flow to Interest Expense	21.83	13.11	12.97	13.19	9.74	7.67	12.66	21.29	12.49	4.46	0.99
Operating Cash Flow Less CapEx to Interest Expense	-10.90	-1.69	0.44	5.34	2.22	4.17	14.22	15.42	11.24	-3.40	2.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.22	1.17	1.13	1.24	1.07	0.90	1.21	1.42	1.07	0.95	0.83
Accounts Receivable Turnover	6.97	7.44	7.11	8.25	7.75	6.56	6.68	7.02	7.09	8.28	7.55
Inventory Turnover	66.30	59.23	57.43	76.78	93.07	92.89	299.92	90.37	205.22	73.41	171.20
Fixed Asset Turnover	1.83	1.60	1.55	1.66	1.39	1.16	1.69	2.23	1.67	1.39	1.15
Accounts Payable Turnover	3.56	6.63	5.72	6.04	7.09	3.96	9.39	3.94	9.00	3.72	12.76
Days Sales Outstanding (DSO)	52.34	49.03	51.36	44.23	47.11	55.64	54.66	52.03	51.50	44.08	48.35
Days Inventory Outstanding (DIO)	5.51	6.16	6.36	4.75	3.92	3.93	1.22	4.04	1.78	4.97	2.13
Days Payable Outstanding (DPO)	102.47	55.09	63.79	60.39	51.48	92.21	38.88	92.59	40.57	98.16	28.61
Cash Conversion Cycle (CCC)	-44.62	0.10	-6.08	-11.40	-0.46	-32.64	17.00	-36.52	12.71	-49.10	21.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	216	234	273	333	346	408	380	449	432	492	461
Invested Capital Turnover	2.33	1.93	1.73	1.76	1.52	1.29	1.79	2.28	1.84	1.55	1.26
Increase / (Decrease) in Invested Capital	73	18	40	59	13	62	-27	68	-17	60	-32
Enterprise Value (EV)	311	306	363	429	544	539	957	723	575	572	503
Market Capitalization	196	167	217	235	332	281	793	575	458	357	253
Book Value per Share	$14.27	$14.69	$20.24	$23.35	$23.28	$26.15	$19.35	$13.53	$14.27	$12.74	$10.06
Tangible Book Value per Share	$14.27	$14.69	$20.24	$23.35	$23.28	$26.15	$19.35	$13.53	$14.27	$12.74	$10.06
Total Capital	241	261	300	361	376	436	438	564	576	603	544
Total Debt	139	167	173	221	242	286	222	264	262	326	334
Total Long-Term Debt	99	124	99	157	174	228	173	205	204	253	268
Net Debt	115	139	146	193	212	258	164	148	118	215	250
Capital Expenditures (CapEx)	92	54	49	49	65	31	-13	47	11	104	-18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	23	34	38	37	19	23	80	82	28	55	14
Debt-free Net Working Capital (DFNWC)	48	62	65	65	49	51	138	198	172	166	97
Net Working Capital (NWC)	7.79	19	-8.65	1.32	-19	-6.96	88	139	114	93	32
Net Nonoperating Expense (NNE)	0.80	1.35	-5.19	7.86	1.90	8.01	-1.72	3.63	1.12	6.06	7.76
Net Nonoperating Obligations (NNO)	115	139	146	193	212	258	164	148	118	215	250
Total Depreciation and Amortization (D&A)	32	39	42	49	55	56	55	63	65	99	83
Debt-free, Cash-free Net Working Capital to Revenue	5.54%	7.88%	8.70%	7.01%	3.67%	4.63%	11.28%	8.64%	3.43%	7.74%	2.29%
Debt-free Net Working Capital to Revenue	11.47%	14.30%	14.84%	12.23%	9.47%	10.44%	19.48%	20.87%	21.16%	23.23%	16.29%
Net Working Capital to Revenue	1.87%	4.41%	-1.98%	0.25%	-3.69%	-1.43%	12.47%	14.66%	14.05%	13.01%	5.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.74	$0.42	$1.54	$0.99	$0.34	$0.78	$3.37	$4.08	$0.83	($1.45)	($2.48)
Adjusted Weighted Average Basic Shares Outstanding	29.15M	26.51M	25.32M	24.33M	23.33M	23.01M	22.71M	22.25M	22.06M	21.88M	21.21M
Adjusted Diluted Earnings per Share	$0.73	$0.42	$1.52	$0.98	$0.34	$0.77	$3.35	$4.04	$0.83	($1.45)	($2.48)
Adjusted Weighted Average Diluted Shares Outstanding	29.30M	26.60M	25.59M	24.64M	23.52M	23.07M	22.86M	22.44M	22.20M	21.88M	21.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.48M	25.60M	24.70M	23.67M	22.99M	22.90M	22.26M	22.17M	22.03M	21.79M	20.93M
Normalized Net Operating Profit after Tax (NOPAT)	19	9.51	8.84	31	10	26	74	92	19	-21	-56
Normalized NOPAT Margin	4.48%	2.20%	2.02%	5.79%	1.99%	5.37%	10.43%	9.70%	2.33%	-2.90%	-9.31%
Pre Tax Income Margin	8.38%	4.11%	3.34%	5.88%	1.97%	4.81%	14.50%	12.57%	3.52%	-5.81%	-11.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.39	5.88	4.75	6.02	2.17	3.66	13.75	16.01	4.11	-2.14	-3.03
NOPAT to Interest Expense	7.89	3.42	8.64	5.10	1.13	2.93	9.30	11.89	2.13	-1.94	-2.57
EBIT Less CapEx to Interest Expense	-19.34	-8.91	-7.78	-1.82	-5.35	0.16	15.31	10.14	2.87	-10.00	-2.02
NOPAT Less CapEx to Interest Expense	-24.84	-11.38	-3.89	-2.74	-6.39	-0.56	10.86	6.02	0.88	-9.80	-1.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	224.02%	189.68%	16.32%	55.72%	180.82%	12.80%	14.15%	7.72%	25.72%	-16.54%	-28.38%

This table displays calculated financial ratios and metrics derived from PAMT's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	21,790,658.00	21,793,158.00	20,926,020.00	20,926,020.00	20,926,020.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	21,790,658.00	21,793,158.00	20,926,020.00	20,926,020.00	20,926,020.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-0.37	-0.44	-0.27	-1.40	0.00
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-20.24%	-24.18%	-17.65%	-11.79%	-9.39%	-7.57%	-14.92%	-17.39%	-17.70%	-15.14%	-8.67%
EBITDA Growth	-47.85%	-53.53%	-14.28%	-40.76%	-8.56%	-65.70%	-28.42%	-29.08%	-30.15%	-321.28%	49.60%
EBIT Growth	-68.84%	-88.93%	-65.30%	-103.31%	-42.19%	-1,377.49%	-305.64%	-1,675.40%	-152.59%	8.05%	167.49%
NOPAT Growth	-76.77%	-59.60%	-107.97%	-104.92%	-72.05%	-528.72%	-1,178.37%	-1,470.07%	-323.74%	-1.06%	97.05%
Net Income Growth	-75.18%	-112.41%	-94.63%	-131.23%	-60.44%	-1,315.42%	-2,997.51%	-230.82%	-331.63%	7.37%	99.90%
EPS Growth	-74.31%	-112.35%	-95.65%	-130.95%	-60.71%	-1,340.00%	-3,800.00%	-253.85%	-345.45%	4.17%	100.00%
Operating Cash Flow Growth	-41.75%	-57.38%	-71.98%	-43.83%	-41.06%	-26.59%	-47.88%	-34.65%	-61.76%	-138.08%	-153.82%
Free Cash Flow Firm Growth	192.61%	142.85%	-17.98%	-188.43%	-252.38%	-481.96%	46.60%	86.30%	133.86%	105.90%	218.19%
Invested Capital Growth	-13.29%	-3.69%	9.77%	14.22%	26.24%	13.96%	3.42%	0.03%	-7.71%	-6.45%	-5.54%
Revenue Q/Q Growth	-2.85%	-10.59%	1.34%	0.20%	-0.20%	-8.79%	-6.72%	-2.71%	-0.58%	-5.95%	0.40%
EBITDA Q/Q Growth	-15.34%	-24.27%	12.64%	-17.96%	30.67%	-71.59%	135.08%	-18.72%	28.71%	-189.98%	258.93%
EBIT Q/Q Growth	-30.10%	-72.25%	12.22%	-115.21%	1,320.36%	-713.32%	81.94%	-31.32%	63.85%	-972.42%	113.26%
NOPAT Q/Q Growth	-36.24%	-3.72%	-108.18%	1.94%	462.06%	-1,576.67%	75.62%	-20.43%	48.41%	-566.98%	99.29%
Net Income Q/Q Growth	-34.57%	-136.59%	112.60%	-1,135.59%	182.89%	-1,409.20%	74.22%	-18.24%	41.97%	-423.55%	99.97%
EPS Q/Q Growth	-33.33%	-135.71%	110.00%	-1,400.00%	184.62%	-1,409.09%	74.31%	-24.32%	41.30%	-411.11%	100.00%
Operating Cash Flow Q/Q Growth	-20.84%	-21.11%	-53.86%	94.94%	-16.93%	-1.76%	-67.24%	144.40%	-51.38%	-197.83%	53.69%
Free Cash Flow Firm Q/Q Growth	4.01%	-66.51%	-282.87%	-38.81%	-79.22%	16.04%	74.44%	64.40%	543.14%	-85.37%	412.02%
Invested Capital Q/Q Growth	-0.32%	7.95%	6.56%	-0.38%	10.17%	-2.56%	-3.30%	-3.64%	1.64%	-1.23%	-2.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.16%	-99.66%	75.87%	76.08%	75.50%	74.82%	73.73%	30.05%	73.60%	-56.87%	72.45%
EBITDA Margin	12.91%	10.94%	12.16%	9.95%	13.03%	4.06%	10.23%	8.54%	11.06%	-10.58%	16.75%
Operating Margin	4.38%	-0.45%	-0.37%	-0.39%	1.26%	-22.63%	-5.92%	-7.32%	-3.80%	-26.95%	-0.19%
EBIT Margin	5.20%	1.61%	1.79%	-0.27%	3.32%	-22.29%	-4.32%	-5.83%	-2.12%	-24.16%	3.19%
Profit (Net Income) Margin	3.03%	-1.24%	0.15%	-1.59%	1.32%	-18.96%	-5.24%	-6.37%	-3.72%	-20.70%	-0.01%
Tax Burden Percent	72.37%	-758.84%	74.34%	76.98%	77.38%	76.53%	75.75%	74.99%	72.92%	74.93%	80.00%
Interest Burden Percent	80.46%	10.12%	11.59%	762.10%	51.50%	111.14%	160.27%	145.79%	240.72%	114.37%	-0.22%
Effective Tax Rate	27.63%	858.84%	25.66%	0.00%	22.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	6.39%	6.29%	-0.48%	-0.47%	1.57%	-24.49%	-6.08%	-7.33%	-3.41%	-23.68%	-0.17%
ROIC Less NNEP Spread (ROIC-NNEP)	6.17%	-0.01%	0.11%	-2.46%	2.02%	-27.62%	-7.05%	-8.35%	-4.16%	-24.79%	-0.09%
Return on Net Nonoperating Assets (RNNOA)	2.70%	0.00%	0.05%	-0.97%	0.91%	-15.53%	-4.25%	-5.54%	-3.21%	-23.63%	-0.08%
Return on Equity (ROE)	9.09%	6.29%	-0.44%	-1.44%	2.48%	-40.03%	-10.33%	-12.87%	-6.63%	-47.31%	-0.25%
Cash Return on Invested Capital (CROIC)	23.06%	8.19%	-6.37%	-12.92%	-30.16%	-18.61%	-10.13%	-8.52%	-1.15%	-2.74%	-2.64%
Operating Return on Assets (OROA)	6.22%	1.73%	1.85%	-0.28%	3.24%	-21.21%	-4.07%	-5.30%	-1.79%	-20.07%	2.68%
Return on Assets (ROA)	3.62%	-1.33%	0.16%	-1.65%	1.29%	-18.04%	-4.94%	-5.79%	-3.15%	-17.20%	0.00%
Return on Common Equity (ROCE)	9.09%	6.29%	-0.44%	-1.44%	2.48%	-40.03%	-10.33%	-12.87%	-6.63%	-47.31%	-0.25%
Return on Equity Simple (ROE_SIMPLE)	12.21%	0.00%	4.28%	0.40%	-0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	6.39	6.15	-0.50	-0.49	1.79	-26	-6.43	-7.75	-4.00	-27	-0.19
NOPAT Margin	3.17%	3.42%	-0.28%	-0.27%	0.98%	-15.84%	-4.14%	-5.13%	-2.66%	-18.87%	-0.13%
Net Nonoperating Expense Percent (NNEP)	0.22%	6.30%	-0.60%	1.99%	-0.45%	3.12%	0.97%	1.03%	0.75%	1.11%	-0.08%
Return On Investment Capital (ROIC_SIMPLE)	-	1.07%	-	-	-	-4.37%	-1.11%	-1.34%	-0.69%	-4.90%	-0.04%
Cost of Revenue to Revenue	22.84%	199.66%	24.13%	23.92%	24.50%	25.18%	26.27%	69.95%	26.40%	156.87%	27.55%
SG&A Expenses to Revenue	2.55%	2.85%	2.66%	2.99%	2.61%	2.81%	3.08%	3.42%	3.36%	22.49%	3.67%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	72.77%	-99.21%	76.24%	76.47%	74.23%	97.45%	79.64%	37.37%	77.40%	-29.91%	72.65%
Earnings before Interest and Taxes (EBIT)	10	2.91	3.26	-0.50	6.05	-37	-6.71	-8.81	-3.18	-34	4.53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	26	20	22	18	24	6.76	16	13	17	-15	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.50	1.46	1.14	1.25	1.30	1.29	0.98	1.15	1.00	1.20	0.84
Price to Tangible Book Value (P/TBV)	1.50	1.46	1.14	1.25	1.30	1.29	0.98	1.15	1.00	1.20	0.84
Price to Revenue (P/Rev)	0.55	0.56	0.46	0.51	0.55	0.50	0.38	0.43	0.38	0.42	0.30
Price to Earnings (P/E)	12.29	24.85	26.52	309.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.14%	4.02%	3.77%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.40	1.33	1.09	1.17	1.19	1.16	0.99	1.08	1.00	1.09	0.93
Enterprise Value to Revenue (EV/Rev)	0.64	0.71	0.65	0.72	0.82	0.80	0.69	0.75	0.75	0.84	0.71
Enterprise Value to EBITDA (EV/EBITDA)	4.47	5.62	5.10	6.21	7.14	8.06	7.29	8.33	8.92	16.51	10.85
Enterprise Value to EBIT (EV/EBIT)	9.15	15.24	15.91	33.13	51.08	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	14.70	29.47	38.73	346.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.92	5.02	5.59	7.09	9.28	9.68	8.65	10.31	12.12	29.01	43.13
Enterprise Value to Free Cash Flow (EV/FCFF)	5.62	15.95	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.72	0.83	0.86	0.87	0.93	1.17	1.15	1.35	1.43	1.59	1.52
Long-Term Debt to Equity	0.54	0.65	0.70	0.69	0.74	0.91	0.87	1.07	1.14	1.27	1.20
Financial Leverage	0.44	0.43	0.43	0.39	0.45	0.56	0.60	0.66	0.77	0.95	0.93
Leverage Ratio	2.42	2.46	2.42	2.33	2.38	2.54	2.50	2.61	2.68	2.95	2.90
Compound Leverage Factor	1.95	0.25	0.28	17.76	1.23	2.82	4.00	3.81	6.46	3.37	-0.01
Debt to Total Capital	41.84%	45.44%	46.33%	46.45%	48.31%	53.99%	53.42%	57.49%	58.84%	61.33%	60.38%
Short-Term Debt to Total Capital	10.32%	10.01%	8.99%	9.58%	10.24%	12.11%	12.79%	11.95%	11.83%	12.04%	12.93%
Long-Term Debt to Total Capital	31.52%	35.43%	37.34%	36.87%	38.07%	41.88%	40.63%	45.55%	47.01%	49.29%	47.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	58.16%	54.56%	53.67%	53.55%	51.69%	46.01%	46.58%	42.51%	41.16%	38.67%	39.62%
Debt to EBITDA	1.82	2.56	2.75	3.09	3.44	4.59	4.78	5.58	6.56	10.96	8.36
Net Debt to EBITDA	0.67	1.15	1.48	1.77	2.34	3.03	3.20	3.60	4.35	8.21	6.24
Long-Term Debt to EBITDA	1.37	1.99	2.22	2.45	2.71	3.56	3.64	4.42	5.24	8.81	6.57
Debt to NOPAT	5.99	13.40	20.91	172.20	-9.15	-12.65	-9.76	-8.50	-7.68	-7.45	-8.31
Net Debt to NOPAT	2.21	6.04	11.23	98.42	-6.23	-8.35	-6.52	-5.49	-5.09	-5.58	-6.20
Long-Term Debt to NOPAT	4.51	10.45	16.85	136.68	-7.21	-9.81	-7.42	-6.74	-6.14	-5.98	-6.53
Altman Z-Score	2.68	2.39	2.29	2.28	2.20	1.88	1.90	1.86	1.76	1.46	1.59
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.98	1.83	2.24	2.05	1.80	1.78	1.61	1.77	1.79	1.23	1.30
Quick Ratio	1.82	1.69	2.08	1.90	1.66	1.65	1.51	1.68	1.68	1.13	1.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	68	23	-42	-58	-103	-87	-22	-7.89	35	5.12	26
Operating Cash Flow to CapEx	397.72%	5,452.23%	97.79%	209.19%	39.81%	32.91%	0.00%	0.00%	0.00%	-122.59%	0.00%
Free Cash Flow to Firm to Interest Expense	33.12	8.69	-14.40	-17.54	-35.17	-20.95	-5.48	-1.96	7.81	1.04	5.77
Operating Cash Flow to Interest Expense	12.87	7.95	3.32	5.69	5.29	3.69	1.24	3.03	1.33	-1.18	-0.59
Operating Cash Flow Less CapEx to Interest Expense	9.63	7.81	-0.08	2.97	-7.99	-7.51	1.73	5.28	3.84	-2.15	3.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.20	1.07	1.04	1.04	0.98	0.95	0.94	0.91	0.85	0.83	0.84
Accounts Receivable Turnover	6.53	7.09	6.49	7.23	7.15	8.28	7.31	7.30	6.87	7.55	6.65
Inventory Turnover	78.31	205.22	72.67	72.47	71.63	73.41	72.65	99.07	99.11	171.20	166.12
Fixed Asset Turnover	1.90	1.67	1.63	1.59	1.45	1.39	1.37	1.32	1.19	1.15	1.17
Accounts Payable Turnover	3.40	9.00	4.29	4.39	3.70	3.72	4.91	6.57	6.43	12.76	13.75
Days Sales Outstanding (DSO)	55.88	51.50	56.28	50.45	51.05	44.08	49.95	49.99	53.11	48.35	54.93
Days Inventory Outstanding (DIO)	4.66	1.78	5.02	5.04	5.10	4.97	5.02	3.68	3.68	2.13	2.20
Days Payable Outstanding (DPO)	107.31	40.57	85.16	83.12	98.72	98.16	74.37	55.56	56.76	28.61	26.54
Cash Conversion Cycle (CCC)	-46.77	12.71	-23.86	-27.63	-42.57	-49.10	-19.40	-1.88	0.03	21.87	30.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	400	432	460	459	505	492	476	459	466	461	450
Invested Capital Turnover	2.01	1.84	1.75	1.74	1.61	1.55	1.47	1.43	1.28	1.26	1.26
Increase / (Decrease) in Invested Capital	-61	-17	41	57	105	60	16	0.14	-39	-32	-26
Enterprise Value (EV)	559	575	503	535	599	572	471	494	465	503	416
Market Capitalization	475	458	357	383	402	357	265	280	239	253	177
Book Value per Share	$14.35	$14.27	$14.28	$13.92	$14.20	$12.74	$12.37	$11.24	$11.45	$10.06	$10.06
Tangible Book Value per Share	$14.35	$14.27	$14.28	$13.92	$14.20	$12.74	$12.37	$11.24	$11.45	$10.06	$10.06
Total Capital	544	576	586	573	598	603	579	576	582	544	531
Total Debt	228	262	272	266	289	326	309	331	342	334	321
Total Long-Term Debt	171	204	219	211	228	253	235	262	274	268	252
Net Debt	84	118	146	152	196	215	207	214	227	250	239
Capital Expenditures (CapEx)	6.62	0.38	9.80	8.93	39	46	-2.01	-9.08	-11	4.74	-17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	46	28	61	58	61	55	49	42	46	14	29
Debt-free Net Working Capital (DFNWC)	190	172	186	172	153	166	152	160	161	97	111
Net Working Capital (NWC)	134	114	134	117	92	93	78	91	93	32	42
Net Nonoperating Expense (NNE)	0.30	8.39	-0.78	2.42	-0.63	5.19	1.71	1.88	1.59	2.59	-0.18
Net Nonoperating Obligations (NNO)	84	118	146	152	196	215	207	214	227	250	239
Total Depreciation and Amortization (D&A)	16	17	19	19	18	44	23	22	20	19	19
Debt-free, Cash-free Net Working Capital to Revenue	5.34%	3.43%	7.87%	7.78%	8.39%	7.74%	7.16%	6.46%	7.35%	2.29%	5.01%
Debt-free Net Working Capital to Revenue	21.87%	21.16%	24.16%	23.04%	21.06%	23.23%	22.10%	24.36%	25.89%	16.29%	18.92%
Net Working Capital to Revenue	15.40%	14.05%	17.33%	15.69%	12.66%	13.01%	11.33%	13.86%	14.85%	5.33%	7.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.28	($0.10)	$0.01	($0.13)	$0.11	($1.44)	($0.37)	($0.46)	($0.27)	($1.38)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	22.02M	22.06M	22.03M	21.93M	21.77M	21.88M	21.79M	21.10M	20.93M	21.21M	20.94M
Adjusted Diluted Earnings per Share	$0.28	($0.10)	$0.01	($0.13)	$0.11	($1.44)	($0.37)	($0.46)	($0.27)	($1.38)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	22.14M	22.20M	22.13M	21.93M	21.83M	21.88M	21.79M	21.10M	20.93M	21.21M	20.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.10)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.02M	22.03M	22.03M	21.76M	21.78M	21.79M	21.79M	20.93M	20.93M	20.93M	20.94M
Normalized Net Operating Profit after Tax (NOPAT)	6.15	-0.47	-0.32	-0.59	1.63	-26	-8.54	-11	-6.80	-29	-11
Normalized NOPAT Margin	3.05%	-0.26%	-0.18%	-0.32%	0.89%	-15.48%	-5.50%	-7.17%	-4.53%	-20.87%	-7.61%
Pre Tax Income Margin	4.18%	0.16%	0.21%	-2.07%	1.71%	-24.78%	-6.92%	-8.49%	-5.10%	-27.63%	-0.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.12	1.11	1.13	-0.15	2.06	-8.97	-1.66	-2.18	-0.71	-6.96	1.00
NOPAT to Interest Expense	3.12	2.36	-0.17	-0.15	0.61	-6.38	-1.59	-1.92	-0.89	-5.44	-0.04
EBIT Less CapEx to Interest Expense	1.88	0.97	-2.27	-2.87	-11.22	-20.17	-1.16	0.07	1.80	-7.93	4.74
NOPAT Less CapEx to Interest Expense	-0.11	2.21	-3.57	-2.87	-12.67	-17.58	-1.09	0.33	1.62	-6.40	3.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	15.17%	25.72%	9.06%	476.96%	-214.83%	-16.54%	0.00%	-31.81%	-27.17%	-28.38%	-33.59%

Financials Breakdown Chart

Key Financial Trends

PAMT Corp. has seen a sharp deterioration in profitability over the last four years, with 2026 Q1 showing only a slight improvement from late 2025 but still remaining deeply challenged. Revenue in Q1 2026 was essentially flat year over year at $141.9 million, but the company still posted an operating loss and a net loss. The bigger story is that PAMT’s earnings power has weakened substantially from the profitable quarters seen in 2022 and early 2023.

Q1 2026 revenue was stable at $141.9 million, up slightly from $141.3 million in Q4 2025, showing some top-line consistency.
The company generated positive cash from investing activities in Q1 2026, helped by asset sales and investment sales, which added liquidity.
Cash and equivalents were $40.5 million, and short-term investments were $40.8 million, giving PAMT a meaningful liquidity buffer.
Total equity improved to $210.4 million in Q1 2026 from $244.9 million in Q2 2025, but still remained positive and sizable relative to liabilities.
Gross profit stayed strong in Q1 2026 at $102.8 million, indicating the core business still produces margin before heavy operating items.
PAMT continues to rely on debt markets, with both debt issuance and repayments remaining large every quarter.
Weighted average shares outstanding were steady at about 20.9 million in Q1 2026, so dilution has not been dramatic recently.
Q1 2026 net loss was modest at $8,000, but operating loss remained negative, showing the business is still not sustainably profitable.
Operating cash flow was negative at $2.7 million in Q1 2026, compared with positive operating cash flow in several earlier periods.
The company’s cost structure has deteriorated significantly since 2024, with operating expenses consuming almost all gross profit in recent quarters.

Longer-term trend: PAMT was much stronger in 2022 and early 2023, when it produced meaningful profits and robust operating cash flow. For example, Q3 2022 net income was $24.6 million and Q1 2023 net income was $5.2 million. Since then, profitability has eroded steadily, turning into losses throughout much of 2024 and 2025.

Revenue and margin pressure are the main concerns. Quarterly revenue has generally drifted lower from the $180 million to $250 million range in 2022-2023 to the $140 million to $150 million range in 2025-2026. At the same time, operating costs have risen or stayed elevated, pushing operating income into negative territory in most recent quarters.

Balance sheet and leverage deserve attention. PAMT carried $68.7 million of short-term debt and $252.0 million of long-term debt in Q1 2026, while total liabilities were $470.6 million. That means the company is still leveraged, even though it also has substantial cash and investment holdings.

Bottom line: PAMT still has liquidity and a historically decent asset base, but the business trend is weak. Until the company can consistently restore operating profitability and positive operating cash flow, the stock will likely remain tied to turnaround execution rather than steady fundamentals.

07/26/26 12:13 PM ETAI Generated. May Contain Errors.

PAMT Financials - Frequently Asked Questions

According to the most recent income statement we have on file, PAMT's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

PAMT's net income appears to be on a downward trend, with a most recent value of -$52.61 million in 2025, falling from $21.44 million in 2015. The previous period was -$31.80 million in 2024. See where experts think PAMT is headed by visiting PAMT's forecast page.

PAMT's total operating income in 2025 was -$64.06 million, based on the following breakdown:

Total Gross Profit: $190.17 million
Total Operating Expenses: $254.23 million

Over the last 10 years, PAMT's total revenue changed from $417.05 million in 2015 to $598.06 million in 2025, a change of 43.4%.

PAMT's total liabilities were at $487.43 million at the end of 2025, a 5.0% increase from 2024, and a 90.1% increase since 2015.

In the past 10 years, PAMT's cash and equivalents has ranged from $137 thousand in 2016 to $100.61 million in 2023, and is currently $35.23 million as of their latest financial filing in 2025.

Over the last 10 years, PAMT's book value per share changed from 14.27 in 2015 to 10.06 in 2025, a change of -29.5%.

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Financial statements for NASDAQ:PAMT last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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PAMT (PAMT) Financials

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