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

$14.16 -1.38 (-8.88%)

Closing price 04:00 PM Eastern

Extended Trading

$14.08 -0.08 (-0.56%)

As of 07:56 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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026	9/30/2026
Net Income / (Loss) Attributable to Common Shareholders	0.28	-2.91	2.41	-32	-8.14	-9.63	-5.59	-29	-0.01	-7.44	-8.06
Consolidated Net Income / (Loss)	0.28	-2.91	2.41	-32	-8.14	-9.63	-5.59	-29	-0.01	-7.44	-8.06
Net Income / (Loss) Continuing Operations	0.28	-2.91	2.41	-32	-8.14	-9.63	-5.59	-29	-0.01	-7.44	-8.06
Total Pre-Tax Income	0.38	-3.78	3.12	-41	-11	-13	-7.66	-39	-0.01	-9.95	-11
Total Operating Income	-0.68	-0.71	2.31	-38	-9.19	-11	-5.71	-38	-0.27	-10	-5.02
Total Gross Profit	139	139	138	125	115	110	111	-80	103	123	121
Total Revenue	183	183	183	167	155	151	150	141	142	165	163
Operating Revenue	183	183	183	167	155	151	150	141	142	165	163
Total Cost of Revenue	44	44	45	42	41	41	40	222	39	41	42
Operating Cost of Revenue	44	44	45	42	41	41	40	222	39	41	42
Total Operating Expenses	139	140	136	162	124	121	116	-42	103	134	126
Selling, General & Admin Expense	4.86	5.46	4.77	4.69	4.78	5.17	5.05	32	5.21	8.74	5.05
Depreciation Expense	19	19	18	44	23	22	20	19	19	19	19
Other Operating Expenses / (Income)	115	116	113	106	99	99	95	-89	94	106	102
Other Special Charges / (Income)	0.24	-0.14	-0.21	0.87	-3.01	-4.41	-4.00	-4.04	-15	-0.56	-0.32
Total Other Income / (Expense), net	1.06	-3.08	0.81	-3.57	-1.56	-1.77	-1.95	-0.95	0.26	0.46	-5.48
Interest Expense	2.88	3.28	2.94	4.14	4.04	4.03	4.48	4.91	4.54	4.62	4.85
Other Income / (Expense), net	3.94	0.21	3.74	0.57	2.49	2.26	2.53	3.96	4.80	5.08	-0.63
Income Tax Expense	0.10	-0.87	0.71	-9.68	-2.61	-3.21	-2.08	-9.79	-0.00	-2.50	-2.45
Basic Earnings per Share	$0.01	($0.13)	$0.11	($1.44)	($0.37)	($0.46)	($0.27)	($1.38)	$0.00	($0.36)	($0.38)
Weighted Average Basic Shares Outstanding	22.03M	21.93M	21.77M	21.88M	21.79M	21.10M	20.93M	21.21M	20.94M	20.94M	20.94M
Diluted Earnings per Share	$0.01	($0.13)	$0.11	($1.44)	($0.37)	($0.46)	($0.27)	($1.38)	$0.00	($0.36)	($0.38)
Weighted Average Diluted Shares Outstanding	22.13M	21.93M	21.83M	21.88M	21.79M	21.10M	20.93M	21.21M	20.94M	20.94M	20.94M
Weighted Average Basic & Diluted Shares Outstanding	22.03M	21.76M	21.78M	21.79M	21.79M	20.93M	20.93M	20.93M	20.94M	20.94M	20.93M

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026	9/30/2026
Net Change in Cash & Equivalents	-21	-7.98	-24	20	-11	12	-0.16	-34	5.29	-22	-13
Net Cash From Operating Activities	9.59	19	16	15	5.00	12	5.94	-5.81	-2.69	-14	-0.97
Net Cash From Continuing Operating Activities	9.59	19	16	15	5.00	12	5.94	-5.81	-2.69	-14	-0.97
Net Income / (Loss) Continuing Operations	0.28	-2.91	2.41	-32	-8.14	-9.63	-5.59	-29	-0.01	-7.44	-8.06
Consolidated Net Income / (Loss)	0.28	-2.91	2.41	-32	-8.14	-9.63	-5.59	-29	-0.01	-7.44	-8.06
Depreciation Expense	19	19	18	44	23	22	20	19	19	19	19
Non-Cash Adjustments To Reconcile Net Income	-0.19	1.65	-2.38	8.80	-3.70	-5.58	-3.97	-6.57	-19	-5.04	1.02
Changes in Operating Assets and Liabilities, net	-9.44	1.24	-2.25	-5.86	-5.76	5.70	-4.31	11	-3.31	-21	-13
Net Cash From Investing Activities	-9.80	-6.30	-39	-45	0.36	7.33	14	-3.51	29	19	8.17
Net Cash From Continuing Investing Activities	-9.80	-6.30	-39	-45	0.36	7.33	14	-3.51	29	19	8.17
Purchase of Property, Plant & Equipment	-22	-15	-49	-55	-12	-6.35	-3.42	-19	-14	-4.36	-3.16
Sale of Property, Plant & Equipment	12	5.69	10	9.06	14	15	15	14	31	16	10
Sale and/or Maturity of Investments	0.00	-	0.17	0.87	0.00	0.74	3.08	1.22	12	6.70	1.03
Net Cash From Financing Activities	-20	-20	-0.60	50	-16	-7.70	-20	-24	-21	-27	-20
Net Cash From Continuing Financing Activities	-20	-20	-0.60	50	-16	-7.70	-20	-24	-21	-27	-20
Repayment of Debt	-228	-192	-197	-200	-169	-197	-170	-201	-166	-220	-182
Repurchase of Common Equity	-	-5.26	-	-	0.00	-	-	-	-0.01	-0.04	-0.17
Issuance of Debt	208	177	197	250	152	204	150	177	145	193	162
Cash Interest Paid	2.93	3.26	2.95	4.35	3.96	4.02	4.52	4.94	4.00	5.21	4.78
Cash Income Taxes Paid	0.03	0.64	0.00	0.00	-	0.89	-	-	-	-	0.01

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
Accumulated Other Comprehensive Income / (Loss)	5.31	7.48	7.44	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00

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	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026	9/30/2026
Total Assets	705	732	746	734	757	713	708	715	681	670	646
Total Current Assets	265	270	242	229	208	204	209	210	181	161	153
Cash & Equivalents	98	102	80	72	48	57	69	69	41	18	5.43
Short-Term Investments	41	41	46	42	44	46	48	47	41	39	37
Accounts Receivable	108	104	99	99	100	89	81	82	87	93	98
Inventories, net	2.59	2.60	2.39	2.33	2.33	2.33	2.38	2.27	2.56	2.61	3.29
Prepaid Expenses	12	11	11	9.41	9.50	10	8.52	8.03	8.59	7.73	8.97
Current Deferred & Refundable Income Taxes	3.00	8.42	3.80	4.47	4.32	0.00	0.00	2.53	1.64	1.04	0.59
Plant, Property, & Equipment, net	437	457	501	502	546	506	495	501	490	499	483
Plant, Property & Equipment, gross	690	715	772	781	828	800	776	784	760	759	746
Accumulated Depreciation	253	258	271	280	282	295	281	283	270	259	263
Total Noncurrent Assets	4.15	5.20	3.24	2.80	2.66	2.67	4.00	3.81	9.67	9.49	9.30
Other Noncurrent Operating Assets	4.15	5.20	3.24	2.80	2.66	2.67	4.00	3.81	9.67	9.49	9.30
Total Liabilities & Shareholders' Equity	705	732	746	734	757	713	708	715	681	670	646
Total Liabilities	395	415	432	427	448	443	463	476	471	467	451
Total Current Liabilities	115	136	108	112	116	127	118	118	139	123	120
Short-Term Debt	53	56	53	55	61	74	69	69	69	65	66
Accounts Payable	41	58	39	40	38	31	31	33	28	27	27
Accrued Expenses	21	22	17	17	17	15	17	16	42	31	27
Total Noncurrent Liabilities	280	280	324	315	332	316	345	358	332	345	330
Long-Term Debt	177	171	219	211	228	235	262	274	252	268	257
Noncurrent Deferred & Payable Income Tax Liabilities	103	107	104	104	104	81	82	84	74	71	68
Other Noncurrent Operating Liabilities	0.00	0.75	0.50	0.50	0.25	0.00	0.58	0.50	5.86	5.66	5.46
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Equity & Noncontrolling Interests	311	316	315	307	309	270	245	240	210	203	195
Total Preferred & Common Equity	311	316	315	307	309	270	245	240	210	203	195
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	311	316	315	307	309	270	245	240	210	203	195
Common Stock	41	41	41	41	41	42	41	42	42	42	42
Retained Earnings	278	284	282	279	282	242	232	227	197	190	182
Treasury Stock	-8.10	-8.74	-8.74	-14	-14	-14	-29	-29	-29	-29	-29
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-	-	-	-0.04

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026	9/30/2026
DEI Shares Outstanding	-	-	-	-	21,790,658.00	21,793,158.00	20,926,020.00	20,926,020.00	20,926,020.00	20,943,237.00	20,942,257.00
DEI Adjusted Shares Outstanding	-	-	-	-	21,790,658.00	21,793,158.00	20,926,020.00	20,926,020.00	20,926,020.00	20,943,237.00	20,942,257.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-0.37	-0.44	-0.27	-1.40	0.00	-0.36	-0.38
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-17.65%	-11.79%	-9.39%	-7.57%	-14.92%	-17.39%	-17.70%	-15.14%	-8.67%	8.94%	8.17%
EBITDA Growth	-14.28%	-40.76%	-8.56%	-65.70%	-28.42%	-29.08%	-30.15%	-321.28%	49.60%	8.46%	-16.83%
EBIT Growth	-65.30%	-103.31%	-42.19%	-1,377.49%	-305.64%	-1,675.40%	-152.59%	8.05%	167.49%	39.47%	-77.60%
NOPAT Growth	-107.97%	-104.92%	-72.05%	-528.72%	-1,178.37%	-1,470.07%	-323.74%	-1.06%	97.05%	5.97%	12.06%
Net Income Growth	-94.63%	-131.23%	-60.44%	-1,315.42%	-2,997.51%	-230.82%	-331.63%	7.37%	99.90%	22.68%	-44.19%
EPS Growth	-95.65%	-130.95%	-60.71%	-1,340.00%	-3,800.00%	-253.85%	-345.45%	4.17%	100.00%	21.74%	-40.74%
Operating Cash Flow Growth	-71.98%	-43.83%	-41.06%	-26.59%	-47.88%	-34.65%	-61.76%	-138.08%	-153.82%	-214.82%	-116.27%
Free Cash Flow Firm Growth	-17.98%	-188.43%	-252.38%	-481.96%	46.60%	86.30%	133.86%	105.90%	218.19%	-247.36%	-137.40%
Invested Capital Growth	9.77%	14.22%	26.24%	13.96%	3.42%	0.03%	-7.71%	-6.45%	-5.54%	4.39%	2.05%
Revenue Q/Q Growth	1.34%	0.20%	-0.20%	-8.79%	-6.72%	-2.71%	-0.58%	-5.95%	0.40%	16.05%	-1.28%
EBITDA Q/Q Growth	12.64%	-17.96%	30.67%	-71.59%	135.08%	-18.72%	28.71%	-189.98%	258.93%	-41.07%	-1.31%
EBIT Q/Q Growth	12.22%	-115.21%	1,320.36%	-713.32%	81.94%	-31.32%	63.85%	-972.42%	113.26%	-217.76%	-6.06%
NOPAT Q/Q Growth	-108.18%	1.94%	462.06%	-1,576.67%	75.62%	-20.43%	48.41%	-566.98%	99.29%	-3,740.59%	51.75%
Net Income Q/Q Growth	112.60%	-1,135.59%	182.89%	-1,409.20%	74.22%	-18.24%	41.97%	-423.55%	99.97%	-92,950.00%	-8.22%
EPS Q/Q Growth	110.00%	-1,400.00%	184.62%	-1,409.09%	74.31%	-24.32%	41.30%	-411.11%	100.00%	0.00%	-5.56%
Operating Cash Flow Q/Q Growth	-53.86%	94.94%	-16.93%	-1.76%	-67.24%	144.40%	-51.38%	-197.83%	53.69%	-421.38%	93.11%
Free Cash Flow Firm Q/Q Growth	-282.87%	-38.81%	-79.22%	16.04%	74.44%	64.40%	543.14%	-85.37%	412.02%	-204.64%	52.29%
Invested Capital Q/Q Growth	6.56%	-0.38%	10.17%	-2.56%	-3.30%	-3.64%	1.64%	-1.23%	-2.35%	6.49%	-0.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	75.87%	76.08%	75.50%	74.82%	73.73%	30.05%	73.60%	-56.87%	72.45%	74.89%	74.32%
EBITDA Margin	12.16%	9.95%	13.03%	4.06%	10.23%	8.54%	11.06%	-10.58%	16.75%	8.51%	8.50%
Operating Margin	-0.37%	-0.39%	1.26%	-22.63%	-5.92%	-7.32%	-3.80%	-26.95%	-0.19%	-6.32%	-3.09%
EBIT Margin	1.79%	-0.27%	3.32%	-22.29%	-4.32%	-5.83%	-2.12%	-24.16%	3.19%	-3.24%	-3.48%
Profit (Net Income) Margin	0.15%	-1.59%	1.32%	-18.96%	-5.24%	-6.37%	-3.72%	-20.70%	-0.01%	-4.52%	-4.96%
Tax Burden Percent	74.34%	76.98%	77.38%	76.53%	75.75%	74.99%	72.92%	74.93%	80.00%	74.85%	76.71%
Interest Burden Percent	11.59%	762.10%	51.50%	111.14%	160.27%	145.79%	240.72%	114.37%	-0.22%	186.59%	185.78%
Effective Tax Rate	25.66%	0.00%	22.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-0.48%	-0.47%	1.57%	-24.49%	-6.08%	-7.33%	-3.41%	-23.68%	-0.17%	-5.64%	-2.80%
ROIC Less NNEP Spread (ROIC-NNEP)	0.11%	-2.46%	2.02%	-27.62%	-7.05%	-8.35%	-4.16%	-24.79%	-0.09%	-5.71%	-4.59%
Return on Net Nonoperating Assets (RNNOA)	0.05%	-0.97%	0.91%	-15.53%	-4.25%	-5.54%	-3.21%	-23.63%	-0.08%	-6.24%	-5.36%
Return on Equity (ROE)	-0.44%	-1.44%	2.48%	-40.03%	-10.33%	-12.87%	-6.63%	-47.31%	-0.25%	-11.89%	-8.17%
Cash Return on Invested Capital (CROIC)	-6.37%	-12.92%	-30.16%	-18.61%	-10.13%	-8.52%	-1.15%	-2.74%	-2.64%	-12.42%	-10.02%
Operating Return on Assets (OROA)	1.85%	-0.28%	3.24%	-21.21%	-4.07%	-5.30%	-1.79%	-20.07%	2.68%	-2.81%	-3.12%
Return on Assets (ROA)	0.16%	-1.65%	1.29%	-18.04%	-4.94%	-5.79%	-3.15%	-17.20%	0.00%	-3.92%	-4.45%
Return on Common Equity (ROCE)	-0.44%	-1.44%	2.48%	-40.03%	-10.33%	-12.87%	-6.63%	-47.31%	-0.25%	-11.89%	-8.17%
Return on Equity Simple (ROE_SIMPLE)	4.28%	0.40%	-0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.50	-0.49	1.79	-26	-6.43	-7.75	-4.00	-27	-0.19	-7.29	-3.52
NOPAT Margin	-0.28%	-0.27%	0.98%	-15.84%	-4.14%	-5.13%	-2.66%	-18.87%	-0.13%	-4.42%	-2.16%
Net Nonoperating Expense Percent (NNEP)	-0.60%	1.99%	-0.45%	3.12%	0.97%	1.03%	0.75%	1.11%	-0.08%	0.06%	1.79%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-4.37%	-1.11%	-1.34%	-0.69%	-4.90%	-0.04%	-1.36%	-0.68%
Cost of Revenue to Revenue	24.13%	23.92%	24.50%	25.18%	26.27%	69.95%	26.40%	156.87%	27.55%	25.11%	25.68%
SG&A Expenses to Revenue	2.66%	2.99%	2.61%	2.81%	3.08%	3.42%	3.36%	22.49%	3.67%	5.31%	3.11%
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	76.24%	76.47%	74.23%	97.45%	79.64%	37.37%	77.40%	-29.91%	72.65%	81.21%	77.41%
Earnings before Interest and Taxes (EBIT)	3.26	-0.50	6.05	-37	-6.71	-8.81	-3.18	-34	4.53	-5.33	-5.65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22	18	24	6.76	16	13	17	-15	24	14	14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.14	1.25	1.30	1.29	0.98	1.15	1.00	1.20	0.84	1.44	1.23
Price to Tangible Book Value (P/TBV)	1.14	1.25	1.30	1.29	0.98	1.15	1.00	1.20	0.84	1.44	1.23
Price to Revenue (P/Rev)	0.46	0.51	0.55	0.50	0.38	0.43	0.38	0.42	0.30	0.49	0.39
Price to Earnings (P/E)	26.52	309.41	0.00	0.00	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	3.77%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.09	1.17	1.19	1.16	0.99	1.08	1.00	1.09	0.93	1.19	1.09
Enterprise Value to Revenue (EV/Rev)	0.65	0.72	0.82	0.80	0.69	0.75	0.75	0.84	0.71	0.95	0.85
Enterprise Value to EBITDA (EV/EBITDA)	5.10	6.21	7.14	8.06	7.29	8.33	8.92	16.51	10.85	14.43	14.19
Enterprise Value to EBIT (EV/EBIT)	15.91	33.13	51.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	38.73	346.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	5.59	7.09	9.28	9.68	8.65	10.31	12.12	29.01	43.13	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.86	0.87	0.93	1.17	1.15	1.35	1.43	1.59	1.52	1.64	1.66
Long-Term Debt to Equity	0.70	0.69	0.74	0.91	0.87	1.07	1.14	1.27	1.20	1.32	1.32
Financial Leverage	0.43	0.39	0.45	0.56	0.60	0.66	0.77	0.95	0.93	1.09	1.17
Leverage Ratio	2.42	2.33	2.38	2.54	2.50	2.61	2.68	2.95	2.90	3.08	3.13
Compound Leverage Factor	0.28	17.76	1.23	2.82	4.00	3.81	6.46	3.37	-0.01	5.74	5.82
Debt to Total Capital	46.33%	46.45%	48.31%	53.99%	53.42%	57.49%	58.84%	61.33%	60.38%	62.10%	62.37%
Short-Term Debt to Total Capital	8.99%	9.58%	10.24%	12.11%	12.79%	11.95%	11.83%	12.04%	12.93%	12.05%	12.79%
Long-Term Debt to Total Capital	37.34%	36.87%	38.07%	41.88%	40.63%	45.55%	47.01%	49.29%	47.45%	50.05%	49.58%
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	53.67%	53.55%	51.69%	46.01%	46.58%	42.51%	41.16%	38.67%	39.62%	37.90%	37.63%
Debt to EBITDA	2.75	3.09	3.44	4.59	4.78	5.58	6.56	10.96	8.36	8.44	8.82
Net Debt to EBITDA	1.48	1.77	2.34	3.03	3.20	3.60	4.35	8.21	6.24	6.99	7.67
Long-Term Debt to EBITDA	2.22	2.45	2.71	3.56	3.64	4.42	5.24	8.81	6.57	6.80	7.01
Debt to NOPAT	20.91	172.20	-9.15	-12.65	-9.76	-8.50	-7.68	-7.45	-8.31	-8.73	-8.58
Net Debt to NOPAT	11.23	98.42	-6.23	-8.35	-6.52	-5.49	-5.09	-5.58	-6.20	-7.23	-7.46
Long-Term Debt to NOPAT	16.85	136.68	-7.21	-9.81	-7.42	-6.74	-6.14	-5.98	-6.53	-7.03	-6.82
Altman Z-Score	2.29	2.28	2.20	1.88	1.90	1.86	1.76	1.46	1.59	1.71	1.69
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	2.24	2.05	1.80	1.78	1.61	1.77	1.79	1.23	1.30	1.32	1.28
Quick Ratio	2.08	1.90	1.66	1.65	1.51	1.68	1.68	1.13	1.21	1.22	1.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-42	-58	-103	-87	-22	-7.89	35	5.12	26	-27	-13
Operating Cash Flow to CapEx	97.79%	209.19%	39.81%	32.91%	0.00%	0.00%	0.00%	-122.59%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-14.40	-17.54	-35.17	-20.95	-5.48	-1.96	7.81	1.04	5.77	-5.94	-2.70
Operating Cash Flow to Interest Expense	3.32	5.69	5.29	3.69	1.24	3.03	1.33	-1.18	-0.59	-3.04	-0.20
Operating Cash Flow Less CapEx to Interest Expense	-0.08	2.97	-7.99	-7.51	1.73	5.28	3.84	-2.15	3.15	-0.44	1.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.04	1.04	0.98	0.95	0.94	0.91	0.85	0.83	0.84	0.87	0.90
Accounts Receivable Turnover	6.49	7.23	7.15	8.28	7.31	7.30	6.87	7.55	6.65	6.88	6.79
Inventory Turnover	72.67	72.47	71.63	73.41	72.65	99.07	99.11	171.20	166.12	162.92	147.05
Fixed Asset Turnover	1.63	1.59	1.45	1.39	1.37	1.32	1.19	1.15	1.17	1.20	1.24
Accounts Payable Turnover	4.29	4.39	3.70	3.72	4.91	6.57	6.43	12.76	13.75	13.93	13.62
Days Sales Outstanding (DSO)	56.28	50.45	51.05	44.08	49.95	49.99	53.11	48.35	54.93	53.05	53.78
Days Inventory Outstanding (DIO)	5.02	5.04	5.10	4.97	5.02	3.68	3.68	2.13	2.20	2.24	2.48
Days Payable Outstanding (DPO)	85.16	83.12	98.72	98.16	74.37	55.56	56.76	28.61	26.54	26.20	26.79
Cash Conversion Cycle (CCC)	-23.86	-27.63	-42.57	-49.10	-19.40	-1.88	0.03	21.87	30.59	29.09	29.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	460	459	505	492	476	459	466	461	450	479	476
Invested Capital Turnover	1.75	1.74	1.61	1.55	1.47	1.43	1.28	1.26	1.26	1.28	1.30
Increase / (Decrease) in Invested Capital	41	57	105	60	16	0.14	-39	-32	-26	20	9.56
Enterprise Value (EV)	503	535	599	572	471	494	465	503	416	569	520
Market Capitalization	357	383	402	357	265	280	239	253	177	293	239
Book Value per Share	$14.28	$13.92	$14.20	$12.74	$12.37	$11.24	$11.45	$10.06	$10.06	$9.70	$9.31
Tangible Book Value per Share	$14.28	$13.92	$14.20	$12.74	$12.37	$11.24	$11.45	$10.06	$10.06	$9.70	$9.31
Total Capital	586	573	598	603	579	576	582	544	531	536	518
Total Debt	272	266	289	326	309	331	342	334	321	333	323
Total Long-Term Debt	219	211	228	253	235	262	274	268	252	268	257
Net Debt	146	152	196	215	207	214	227	250	239	276	281
Capital Expenditures (CapEx)	9.80	8.93	39	46	-2.01	-9.08	-11	4.74	-17	-12	-7.14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	61	58	61	55	49	42	46	14	29	46	57
Debt-free Net Working Capital (DFNWC)	186	172	153	166	152	160	161	97	111	103	99
Net Working Capital (NWC)	134	117	92	93	78	91	93	32	42	39	33
Net Nonoperating Expense (NNE)	-0.78	2.42	-0.63	5.19	1.71	1.88	1.59	2.59	-0.18	0.16	4.54
Net Nonoperating Obligations (NNO)	146	152	196	215	207	214	227	250	239	276	281
Total Depreciation and Amortization (D&A)	19	19	18	44	23	22	20	19	19	19	19
Debt-free, Cash-free Net Working Capital to Revenue	7.87%	7.78%	8.39%	7.74%	7.16%	6.46%	7.35%	2.29%	5.01%	7.76%	9.37%
Debt-free Net Working Capital to Revenue	24.16%	23.04%	21.06%	23.23%	22.10%	24.36%	25.89%	16.29%	18.92%	17.28%	16.28%
Net Working Capital to Revenue	17.33%	15.69%	12.66%	13.01%	11.33%	13.86%	14.85%	5.33%	7.17%	6.48%	5.42%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	($0.13)	$0.11	($1.44)	($0.37)	($0.46)	($0.27)	($1.38)	$0.00	($0.36)	($0.38)
Adjusted Weighted Average Basic Shares Outstanding	22.03M	21.93M	21.77M	21.88M	21.79M	21.10M	20.93M	21.21M	20.94M	20.94M	20.94M
Adjusted Diluted Earnings per Share	$0.01	($0.13)	$0.11	($1.44)	($0.37)	($0.46)	($0.27)	($1.38)	$0.00	($0.36)	($0.38)
Adjusted Weighted Average Diluted Shares Outstanding	22.13M	21.93M	21.83M	21.88M	21.79M	21.10M	20.93M	21.21M	20.94M	20.94M	20.94M
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	22.03M	21.76M	21.78M	21.79M	21.79M	20.93M	20.93M	20.93M	20.94M	20.94M	20.93M
Normalized Net Operating Profit after Tax (NOPAT)	-0.32	-0.59	1.63	-26	-8.54	-11	-6.80	-29	-11	-7.67	-3.74
Normalized NOPAT Margin	-0.18%	-0.32%	0.89%	-15.48%	-5.50%	-7.17%	-4.53%	-20.87%	-7.61%	-4.66%	-2.30%
Pre Tax Income Margin	0.21%	-2.07%	1.71%	-24.78%	-6.92%	-8.49%	-5.10%	-27.63%	-0.01%	-6.04%	-6.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.13	-0.15	2.06	-8.97	-1.66	-2.18	-0.71	-6.96	1.00	-1.15	-1.17
NOPAT to Interest Expense	-0.17	-0.15	0.61	-6.38	-1.59	-1.92	-0.89	-5.44	-0.04	-1.58	-0.73
EBIT Less CapEx to Interest Expense	-2.27	-2.87	-11.22	-20.17	-1.16	0.07	1.80	-7.93	4.74	1.45	0.31
NOPAT Less CapEx to Interest Expense	-3.57	-2.87	-12.67	-17.58	-1.09	0.33	1.62	-6.40	3.70	1.02	0.75
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	9.06%	476.96%	-214.83%	-16.54%	0.00%	-31.81%	-27.17%	-28.38%	-33.59%	-0.11%	-0.49%

Financials Breakdown Chart

Key Financial Trends

PAMT’s latest financial statements show improving revenue and gross profit, but the company remains unprofitable and cash flow has deteriorated. In Q2 2026, revenue increased to $164.7 million from $151.1 million in Q2 2025, while gross profit rose to $123.3 million from $110.3 million. However, operating expenses remained elevated, producing an operating loss of $10.4 million and a net loss of $7.4 million, or $0.36 per diluted share.

The recent improvement in revenue is encouraging, but it has not yet translated into sustainable earnings. PAMT generated net losses in Q2 2024, Q1 2025, Q2 2025, Q3 2025, Q4 2025, Q1 2026 and Q2 2026. The exception in the supplied period was Q3 2024, when the company reported net income of $2.4 million. The latest quarter’s gross margin was approximately 74.9%, but operating expenses consumed more than the gross profit because of $106.2 million in other operating expenses and $19.3 million in depreciation.

Liquidity has weakened materially. Cash and equivalents fell to $18.2 million at June 30, 2026, from $40.5 million at March 31, 2026, while short-term investments declined to $38.7 million. Combined cash and short-term investments of $56.9 million were well below $81.3 million in Q2 2025 and $114.3 million in Q2 2024. Operating activities used $14.0 million of cash in Q2 2026, marking a sharp reversal from the $12.2 million generated in Q2 2025.

The balance sheet also reflects meaningful leverage. Total debt, including short- and long-term borrowings, was approximately $332.8 million at quarter-end, compared with $320.7 million in Q1 2026. Total liabilities represented roughly 69.7% of assets, while shareholders’ equity declined to $203.1 million from $244.9 million in Q2 2025. Financing activity continues to involve substantial refinancing, with $192.6 million of new debt issued against $219.6 million of repayments in Q2 2026.

Revenue momentum improved: Q2 2026 revenue rose approximately 9% year over year to $164.7 million, reversing some of the decline from the $182.9 million reported in Q2 2024.
Gross profit increased: Gross profit grew approximately 12% year over year to $123.3 million, and the gross margin remained close to 75%.
SG&A remains controlled: Selling, general and administrative expense increased to $8.7 million from $5.2 million in Q1 2026 but remained modest relative to revenue and gross profit.
Debt refinancing remains active: PAMT continues to issue debt while repaying larger maturities, which may help manage near-term obligations and preserve access to liquidity.
Investing activities provided cash: Q2 2026 investing cash flow was positive $18.7 million, primarily because proceeds from property sales and investment maturities exceeded capital expenditures.
Capital intensity is changing: Q2 capital expenditures were $4.4 million, while net property, plant and equipment increased to $499.5 million from $490.4 million in Q1 2026. The company is also selling substantial amounts of equipment, so the long-term effect on operating capacity is unclear.
Interest expense is relatively stable: Quarterly interest expense has generally remained between roughly $4.0 million and $4.9 million since Q2 2025, but the burden remains significant given the company’s continuing losses.
Operating profitability remains negative: PAMT reported a $10.4 million operating loss and a $7.4 million net loss in Q2 2026. This followed a near break-even operating result in Q1 2026 and a $29.3 million net loss in Q4 2025.
Operating cash flow deteriorated: Cash used in operations increased to $14.0 million in Q2 2026 from $2.7 million in Q1 2026, and operating cash flow has been negative for three consecutive reported quarters.
Liquidity and equity are shrinking: Cash plus short-term investments declined to approximately $56.9 million, while shareholders’ equity fell to $203.1 million. Continued losses and cash consumption could increase reliance on debt financing.

11/11/26 08:05 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, compared with $21.44 million in 2015. The previous period was -$31.80 million in 2024. View PAMT's forecast to see where analysts expect PAMT to go next.

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%.

In the past 13 quarters, PAMT's cash and equivalents has ranged from $5.43 million in Q3 2026 to $102.30 million in Q3 2023, and is currently $5.43 million as of their latest financial filing in Q3 2026.

PAMT had total debt of $333.87 million at the end of 2025, a 2.5% increase from 2024, and a 139.8% increase since 2015.

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 11/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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PAMT (PAMT) Financials

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