Pangaea Logistics Solutions (PANL) Financials

$4.60 +0.17 (+3.84%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$4.73 +0.13 (+2.91%)

As of 05/23/2025 07:55 PM Eastern

Annual Income Statements for Pangaea Logistics Solutions

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	222	203	210	184	133	138	59	104	48	15
Consolidated Net Income / (Loss)	222	203	210	184	133	138	59	104	48	15
Net Income / (Loss) Continuing Operations	222	203	210	184	133	138	59	104	48	15
Total Pre-Tax Income	272	245	268	228	164	170	64	150	69	33
Total Operating Income	239	217	267	228	158	158	57	146	68	32
Total Gross Profit	499	441	489	439	343	330	194	281	173	122
Total Revenue	648	576	617	554	429	405	247	336	199	191
Operating Revenue	648	576	617	554	429	405	247	336	199	191
Total Cost of Revenue	148	135	128	115	85	75	54	55	26	69
Operating Cost of Revenue	148	135	128	115	85	75	54	55	26	69
Total Operating Expenses	260	224	222	211	186	171	137	135	104	90
Selling, General & Admin Expense	74	67	78	80	61	60	47	47	33	29
Research & Development Expense	157	130	117	100	84	71	54	49	43	45
Amortization Expense	18	16	17	22	22	22	22	22	16	11
Other Operating Expenses / (Income)	11	10	9.21	8.85	19	19	14	17	12	5.37
Total Other Income / (Expense), net	33	28	1.12	0.60	6.00	12	7.58	3.29	0.19	0.78
Interest & Investment Income	41	28	7.81	0.51	5.14	11	7.66	3.29	2.11	0.78
Other Income / (Expense), net	-7.36	-0.18	-6.69	0.10	0.86	0.77	-0.08	-0.00	-1.93	-
Income Tax Expense	50	42	58	44	30	32	5.47	46	21	18
Basic Earnings per Share	$4.66	$4.25	$4.41	$3.87	$2.80	$2.92	$1.24	$2.19	$1.02	$0.31
Weighted Average Basic Shares Outstanding	47.55M	47.56M	47.39M	47.30M	47.20M	46.96M	46.85M	46.73M	46.41M	46.82M
Diluted Earnings per Share	$4.65	$4.24	$4.40	$3.87	$2.80	$2.92	$1.24	$2.18	$1.02	$0.31
Weighted Average Diluted Shares Outstanding	47.65M	47.62M	47.47M	47.37M	47.24M	47.00M	46.90M	46.81M	46.54M	47.49M
Weighted Average Basic & Diluted Shares Outstanding	47.47M	47.37M	47.25M	48.50M	47.11M	47.19M	47.50M	47.40M	47.10M	47.30M
Cash Dividends to Common per Share	$1.60	$1.40	$1.20	$0.80	$0.60	$0.40	$0.24	$0.12	-	-

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	64	46	67	52	57	62	52	50	40	65	53
Consolidated Net Income / (Loss)	64	46	67	52	57	62	52	50	40	65	53
Net Income / (Loss) Continuing Operations	64	46	67	52	57	62	52	50	40	65	53
Total Pre-Tax Income	80	55	81	65	70	76	54	64	52	81	70
Total Operating Income	70	52	67	56	63	65	48	59	45	83	68
Total Gross Profit	128	125	126	120	128	122	107	114	97	139	123
Total Revenue	166	162	162	159	165	158	141	147	130	169	161
Operating Revenue	166	162	162	159	165	158	141	147	130	169	161
Total Cost of Revenue	38	37	36	38	37	36	34	32	33	30	37
Operating Cost of Revenue	38	37	36	38	37	36	34	32	33	30	37
Total Operating Expenses	58	72	59	64	65	58	58	56	52	56	55
Selling, General & Admin Expense	17	20	16	20	19	17	18	17	15	19	18
Research & Development Expense	35	46	36	37	38	34	33	32	31	32	30
Amortization Expense	4.55	4.55	4.55	4.55	4.55	4.55	4.56	3.99	2.89	2.90	3.56
Other Operating Expenses / (Income)	2.02	2.08	2.51	2.52	3.63	2.53	2.65	2.40	2.42	2.54	2.28
Total Other Income / (Expense), net	10	2.84	14	8.45	7.63	11	5.44	5.41	6.26	-2.44	1.63
Interest & Investment Income	10	11	11	9.91	9.57	7.87	7.14	6.20	6.97	3.51	2.43
Other Income / (Expense), net	0.38	-7.77	3.82	-1.46	-1.94	3.00	-1.69	-0.78	-0.70	-5.94	-0.80
Income Tax Expense	16	9.31	15	13	14	14	2.36	14	12	16	17
Basic Earnings per Share	$1.35	$0.97	$1.40	$1.10	$1.19	$1.30	$1.08	$1.04	$0.83	$1.37	$1.12
Weighted Average Basic Shares Outstanding	47.57M	47.55M	47.54M	47.55M	47.56M	47.56M	47.57M	47.57M	47.52M	47.39M	47.40M
Diluted Earnings per Share	$1.35	$0.96	$1.40	$1.10	$1.19	$1.29	$1.08	$1.04	$0.83	$1.36	$1.12
Weighted Average Diluted Shares Outstanding	47.69M	47.65M	47.67M	47.63M	47.63M	47.62M	47.63M	47.62M	47.57M	47.47M	47.47M
Weighted Average Basic & Diluted Shares Outstanding	47.53M	47.47M	47.46M	47.45M	47.44M	47.37M	47.36M	47.35M	47.33M	47.25M	47.24M
Cash Dividends to Common per Share	$0.45	$0.40	$0.40	$0.40	$0.40	$0.35	$0.35	$0.35	$0.35	$0.30	$0.30

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	7.00	-1.45	-219	-318	498	-79	78	-6.53	42	52
Net Cash From Operating Activities	254	155	127	191	149	194	122	133	80	114
Net Cash From Continuing Operating Activities	254	155	127	191	149	194	122	133	80	114
Net Income / (Loss) Continuing Operations	222	203	210	184	133	138	59	104	48	15
Consolidated Net Income / (Loss)	222	203	210	184	133	138	59	104	48	15
Depreciation Expense	26	27	25	20	15	12	8.61	4.92	4.27	3.09
Amortization Expense	11	4.39	11	22	17	-120	-53	7.99	7.26	10
Non-Cash Adjustments To Reconcile Net Income	39	27	42	45	34	29	25	19	13	47
Changes in Operating Assets and Liabilities, net	-44	-107	-161	-80	-51	134	83	-2.67	7.92	39
Net Cash From Investing Activities	-164	-83	-281	-458	391	-239	-21	-126	-38	-59
Net Cash From Continuing Investing Activities	-164	-83	-281	-458	391	-239	-21	-126	-38	-59
Purchase of Property, Plant & Equipment	-43	-60	-42	-43	-28	-30	-25	-30	-7.30	-5.10
Acquisitions	0.00	-67	-4.71	-0.39	-0.06	-0.40	0.00	-	-129	-
Purchase of Investments	-595	-531	-702	-642	-604	-932	-629	-594	-450	-692
Sale and/or Maturity of Investments	473	574	468	228	1,023	724	633	499	548	638
Net Cash From Financing Activities	-82	-73	-65	-51	-42	-35	-23	-14	-0.01	-2.95
Net Cash From Continuing Financing Activities	-82	-73	-65	-51	-42	-35	-23	-14	-0.01	-2.95
Repurchase of Common Equity	0.00	0.00	0.00	0.00	0.00	-0.65	-0.48	-	-	-
Payment of Dividends	-76	-67	-57	-38	-28	-19	-11	-5.65	-	-
Issuance of Common Equity	2.22	2.01	1.57	1.51	1.18	0.89	0.80	0.73	0.44	0.35
Other Financing Activities, net	-8.39	-8.21	-9.21	-15	-14	-16	-12	-9.39	-0.45	-3.30

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	58	19	-13	19	-18	13	-14	-65	65	-94	-26
Net Cash From Operating Activities	31	35	80	67	72	37	60	9.78	48	2.64	38
Net Cash From Continuing Operating Activities	31	35	80	67	72	37	60	9.78	48	2.64	38
Net Income / (Loss) Continuing Operations	64	46	67	52	57	62	52	50	40	65	53
Consolidated Net Income / (Loss)	64	46	67	52	57	62	52	50	40	65	53
Depreciation Expense	6.55	6.45	6.40	6.48	6.62	7.28	6.92	6.71	6.50	6.83	6.45
Amortization Expense	3.07	3.08	2.90	2.51	2.31	2.38	1.97	0.75	-0.71	-0.10	1.12
Non-Cash Adjustments To Reconcile Net Income	7.50	14	5.71	9.98	9.50	6.27	8.25	7.52	5.20	15	9.87
Changes in Operating Assets and Liabilities, net	-51	-35	-2.02	-4.29	-3.13	-41	-8.35	-55	-3.21	-84	-33
Net Cash From Investing Activities	58	2.73	-74	-29	-64	-7.93	-58	-58	41	-83	-50
Net Cash From Continuing Investing Activities	58	2.73	-74	-29	-64	-7.93	-58	-58	41	-83	-50
Purchase of Property, Plant & Equipment	-13	-13	-14	-9.13	-7.21	-7.58	-25	-18	-9.10	-11	-9.78
Acquisitions	0.00	-	-	-	0.00	-	-0.50	-66	-0.05	0.05	-4.75
Purchase of Investments	-39	-257	-163	-75	-100	-228	-188	-50	-65	-237	-177
Sale and/or Maturity of Investments	110	272	103	55	43	228	156	76	115	166	141
Net Cash From Financing Activities	-30	-18	-19	-19	-26	-16	-17	-16	-23	-14	-14
Net Cash From Continuing Financing Activities	-30	-18	-19	-19	-26	-16	-17	-16	-23	-14	-14
Payment of Dividends	-21	-18	-19	-19	-20	-17	-17	-17	-17	-14	-14
Issuance of Common Equity	0.58	0.44	0.59	0.55	0.64	0.48	0.56	0.45	0.52	0.32	0.40
Other Financing Activities, net	-9.40	-0.14	-0.92	-0.27	-7.06	-0.31	-0.47	-0.25	-7.18	-0.06	-0.31

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	1,832	1,669	1,533	1,467	1,269	1,120	933	780	628	559
Total Current Assets	900	917	899	926	925	792	635	519	385	448
Cash & Equivalents	99	92	93	312	630	132	211	133	139	98
Short-Term Investments	394	422	484	351	100	514	304	287	189	298
Accounts Receivable	114	140	93	108	82	60	43	52	25	25
Inventories, net	183	176	183	134	92	64	70	36	17	13
Other Current Assets	111	87	46	21	21	22	6.37	10	6.39	2.39
Plant, Property, & Equipment, net	195	175	143	129	102	88	70	56	27	22
Total Noncurrent Assets	737	577	490	412	243	240	229	204	215	89
Long-Term Investments	458	300	260	168	5.00	5.00	-	15	15	2.19
Goodwill	16	16	16	16	16	16	16	16	16	-
Intangible Assets	79	97	47	59	81	103	124	146	168	72
Noncurrent Deferred & Refundable Income Taxes	78	59	58	33	38	30	24	27	16	15
Other Noncurrent Operating Assets	107	105	110	136	103	86	65	0.60	0.31	0.17
Total Liabilities & Shareholders' Equity	1,832	1,669	1,533	1,467	1,269	1,120	933	780	628	559
Total Liabilities	216	222	257	367	357	309	243	121	99	93
Total Current Liabilities	125	119	136	188	165	162	133	64	40	35
Accounts Payable	37	11	9.52	15	14	13	11	14	8.11	6.85
Accrued Expenses	46	52	51	45	41	49	36	35	20	17
Current Deferred Revenue	33	48	46	121	105	97	81	15	10	10
Other Current Liabilities	9.72	8.10	30	6.65	4.54	1.86	5.81	0.05	1.97	0.17
Total Noncurrent Liabilities	90	103	122	179	192	147	110	57	59	58
Noncurrent Deferred Revenue	0.54	12	18	36	57	48	42	24	31	36
Noncurrent Employee Benefit Liabilities	54	52	60	67	79	51	44	33	28	23
Other Noncurrent Operating Liabilities	35	39	44	76	56	49	24	-	-	-
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	1,617	1,447	1,275	1,100	913	811	691	659	528	467
Total Preferred & Common Equity	1,617	1,447	1,275	1,100	913	811	691	659	528	467
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,617	1,447	1,275	1,100	913	811	691	659	528	467
Common Stock	724	700	682	659	636	621	618	612	605	590
Retained Earnings	935	790	653	500	354	249	130	99	-26	-74
Treasury Stock	-41	-41	-41	-41	-41	-41	-41	-40	-40	-40
Accumulated Other Comprehensive Income / (Loss)	-1.06	-1.09	-18	-18	-36	-17	-16	-11	-11	-9.82

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

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,864	1,811	1,777	1,684	1,623	1,541	1,536	1,530
Total Current Assets	1,018	942	959	921	879	878	950	977
Cash & Equivalents	157	80	93	74	79	93	158	188
Short-Term Investments	414	472	438	465	412	466	488	501
Accounts Receivable	140	88	124	120	122	109	93	78
Inventories, net	197	176	172	173	181	176	174	180
Other Current Assets	110	127	133	89	83	34	37	30
Plant, Property, & Equipment, net	196	191	185	176	175	158	145	138
Total Noncurrent Assets	650	678	632	587	570	505	440	415
Long-Term Investments	369	397	362	313	301	211	213	174
Goodwill	16	16	16	16	16	16	16	16
Intangible Assets	74	84	88	93	102	106	44	50
Noncurrent Deferred & Refundable Income Taxes	81	72	67	63	50	70	63	43
Other Noncurrent Operating Assets	109	110	99	102	101	102	104	133
Total Liabilities & Shareholders' Equity	1,864	1,811	1,777	1,684	1,623	1,541	1,536	1,530
Total Liabilities	205	224	250	199	241	202	236	318
Total Current Liabilities	113	131	152	95	131	81	115	138
Accounts Payable	28	25	24	13	21	7.33	9.74	13
Accrued Expenses	35	53	59	42	39	35	25	50
Current Deferred Revenue	23	47	64	19	67	30	37	67
Other Current Liabilities	27	6.12	5.96	21	5.39	8.60	42	7.61
Total Noncurrent Liabilities	92	93	98	104	109	121	121	180
Noncurrent Deferred Revenue	2.35	2.38	6.73	13	8.86	18	18	27
Noncurrent Employee Benefit Liabilities	55	54	54	53	61	61	60	67
Other Noncurrent Operating Liabilities	35	36	37	38	39	42	43	86
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,659	1,587	1,527	1,485	1,382	1,339	1,299	1,212
Total Preferred & Common Equity	1,659	1,587	1,527	1,485	1,382	1,339	1,299	1,212
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,659	1,587	1,527	1,485	1,382	1,339	1,299	1,212
Common Stock	723	718	713	703	694	687	680	675
Retained Earnings	978	908	860	827	744	709	676	602
Treasury Stock	-41	-41	-41	-41	-41	-41	-41	-41
Accumulated Other Comprehensive Income / (Loss)	0.29	2.58	-4.66	-3.79	-15	-16	-15	-25

This table displays calculated financial ratios and metrics derived from Pangaea Logistics Solutions' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.36%	-6.52%	11.40%	29.07%	5.85%	63.76%	-26.28%	68.75%	4.10%	0.01%
EBITDA Growth	7.79%	-16.01%	9.99%	41.30%	270.01%	322.62%	-92.34%	104.01%	70.84%	-35.83%
EBIT Growth	6.65%	-16.67%	14.35%	43.79%	-0.45%	180.86%	-61.26%	119.96%	105.99%	-44.94%
NOPAT Growth	8.36%	-14.03%	13.86%	43.00%	-0.32%	148.31%	-48.91%	111.93%	234.54%	-65.35%
Net Income Growth	9.39%	-3.36%	14.03%	38.12%	-3.57%	135.05%	-43.36%	116.11%	227.50%	-64.93%
EPS Growth	9.67%	-3.64%	13.70%	38.21%	-4.11%	135.48%	-43.12%	113.73%	229.03%	-65.56%
Operating Cash Flow Growth	63.94%	22.05%	-33.64%	28.44%	-23.27%	59.21%	-8.67%	66.00%	-29.29%	140.35%
Free Cash Flow Firm Growth	1,114.74%	-139.85%	-56.78%	-16.51%	-22.66%	42.66%	59.56%	192.19%	-166.85%	221.87%
Invested Capital Growth	5.16%	44.74%	62.94%	51.18%	10.82%	-8.45%	-21.79%	20.74%	168.51%	-56.05%
Revenue Q/Q Growth	0.62%	-1.82%	3.84%	0.86%	10.23%	8.45%	-15.60%	14.03%	6.57%	3.32%
EBITDA Q/Q Growth	-7.95%	-2.54%	-33.48%	20.35%	1,749.92%	4.83%	-79.75%	13.61%	1.88%	28.06%
EBIT Q/Q Growth	-9.05%	-4.15%	8.66%	-4.06%	24.82%	13.77%	-42.94%	18.69%	9.98%	43.68%
NOPAT Q/Q Growth	-4.65%	-7.33%	11.29%	-3.84%	28.59%	6.45%	-23.91%	7.29%	18.07%	53.98%
Net Income Q/Q Growth	-6.70%	-1.53%	10.09%	-4.18%	25.94%	5.47%	-18.73%	7.22%	19.17%	51.07%
EPS Q/Q Growth	-6.63%	-1.62%	9.73%	-3.97%	25.56%	5.80%	-18.95%	6.86%	20.00%	47.62%
Operating Cash Flow Q/Q Growth	-0.92%	28.61%	-29.92%	-7.81%	12.73%	17.82%	-22.45%	19.86%	9.56%	4.12%
Free Cash Flow Firm Q/Q Growth	4.22%	65.47%	-48.38%	-39.82%	34.78%	21.29%	-21.98%	35.33%	-1.83%	12.28%
Invested Capital Q/Q Growth	4.39%	7.47%	25.37%	12.46%	-12.01%	-13.09%	-3.70%	-7.75%	-4.74%	-20.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.08%	76.51%	79.26%	79.23%	80.07%	81.40%	78.36%	83.70%	86.78%	64.03%
EBITDA Margin	41.41%	43.16%	48.04%	48.66%	44.45%	12.71%	4.93%	47.42%	39.22%	23.90%
Operating Margin	36.87%	37.68%	43.32%	41.13%	36.73%	39.08%	22.93%	43.57%	34.40%	16.89%
EBIT Margin	35.73%	37.65%	42.23%	41.14%	36.93%	39.27%	22.90%	43.57%	33.43%	16.89%
Profit (Net Income) Margin	34.29%	35.22%	34.07%	33.28%	31.10%	34.13%	23.78%	30.95%	24.17%	7.68%
Tax Burden Percent	81.61%	82.80%	78.31%	80.71%	81.56%	81.40%	91.49%	69.47%	70.07%	44.40%
Interest Burden Percent	117.58%	112.98%	103.00%	100.22%	103.24%	106.78%	113.52%	102.25%	103.18%	102.43%
Effective Tax Rate	18.39%	17.20%	21.69%	19.29%	18.44%	18.60%	8.51%	30.53%	29.93%	55.60%
Return on Invested Capital (ROIC)	29.99%	33.57%	59.23%	82.32%	76.01%	76.83%	26.01%	49.62%	37.66%	12.67%
ROIC Less NNEP Spread (ROIC-NNEP)	26.90%	30.77%	59.12%	82.26%	75.30%	75.22%	24.55%	49.04%	37.63%	12.57%
Return on Net Nonoperating Assets (RNNOA)	-15.49%	-18.66%	-41.54%	-64.02%	-60.54%	-58.41%	-17.29%	-32.13%	-28.00%	-9.46%
Return on Equity (ROE)	14.50%	14.91%	17.69%	18.31%	15.47%	18.42%	8.72%	17.50%	9.66%	3.21%
Cash Return on Invested Capital (CROIC)	24.95%	-2.98%	11.35%	41.57%	65.75%	85.65%	50.47%	30.83%	-53.79%	90.54%
Operating Return on Assets (OROA)	13.22%	13.56%	17.36%	16.65%	13.26%	15.50%	6.61%	20.78%	11.20%	6.15%
Return on Assets (ROA)	12.69%	12.68%	14.01%	13.47%	11.16%	13.47%	6.87%	14.76%	8.10%	2.80%
Return on Common Equity (ROCE)	14.50%	14.91%	17.69%	18.31%	15.47%	18.42%	8.72%	17.50%	9.66%	3.21%
Return on Equity Simple (ROE_SIMPLE)	13.74%	14.03%	16.47%	16.75%	14.61%	17.04%	8.52%	15.76%	9.10%	3.14%
Net Operating Profit after Tax (NOPAT)	195	180	209	184	128	129	52	102	48	14
NOPAT Margin	30.09%	31.20%	33.92%	33.19%	29.96%	31.81%	20.98%	30.27%	24.10%	7.50%
Net Nonoperating Expense Percent (NNEP)	3.08%	2.81%	0.11%	0.06%	0.71%	1.61%	1.46%	0.59%	0.04%	0.10%
Return On Investment Capital (ROIC_SIMPLE)	12.06%	12.43%	16.40%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	22.92%	23.49%	20.74%	20.77%	19.93%	18.60%	21.64%	16.30%	13.22%	35.97%
SG&A Expenses to Revenue	11.47%	11.69%	12.63%	14.52%	14.30%	14.71%	19.00%	13.95%	16.53%	15.20%
R&D to Revenue	24.27%	22.64%	18.98%	18.01%	19.56%	17.59%	21.71%	14.64%	21.49%	23.37%
Operating Expenses to Revenue	40.21%	38.84%	35.94%	38.10%	43.34%	42.32%	55.43%	40.13%	52.38%	47.14%
Earnings before Interest and Taxes (EBIT)	231	217	260	228	158	159	57	146	66	32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	268	249	296	269	191	52	12	159	78	46
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.29	6.20	3.93	6.91	11.54	11.60	6.17	11.89	4.82	5.25
Price to Tangible Book Value (P/TBV)	4.56	6.73	4.13	7.41	12.90	13.58	7.74	15.76	7.40	6.21
Price to Revenue (P/Rev)	10.71	15.58	8.13	13.72	24.55	23.22	17.23	23.35	12.82	12.83
Price to Earnings (P/E)	31.25	44.22	23.86	41.23	78.94	68.03	72.43	75.43	53.03	167.00
Dividend Yield	1.09%	0.74%	1.13%	0.50%	0.27%	0.20%	0.27%	0.07%	0.00%	0.00%
Earnings Yield	3.20%	2.26%	4.19%	2.43%	1.27%	1.47%	1.38%	1.33%	1.89%	0.60%
Enterprise Value to Invested Capital (EV/IC)	8.99	12.89	9.54	25.18	55.11	54.62	21.39	33.05	11.89	29.73
Enterprise Value to Revenue (EV/Rev)	9.25	14.16	6.77	12.22	22.84	21.62	15.14	22.05	11.09	10.75
Enterprise Value to EBITDA (EV/EBITDA)	22.33	32.81	14.09	25.12	51.38	170.01	307.35	46.51	28.28	44.97
Enterprise Value to EBIT (EV/EBIT)	25.87	37.62	16.03	29.70	61.83	55.05	66.13	50.61	33.18	63.63
Enterprise Value to NOPAT (EV/NOPAT)	30.73	45.40	19.96	36.82	76.23	67.95	72.18	72.85	46.02	143.30
Enterprise Value to Operating Cash Flow (EV/OCF)	23.60	52.75	32.92	35.40	65.82	45.17	30.76	55.50	27.46	18.08
Enterprise Value to Free Cash Flow (EV/FCFF)	36.93	0.00	104.12	72.91	88.13	60.95	37.20	117.25	0.00	20.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.58	-0.61	-0.70	-0.78	-0.80	-0.78	-0.70	-0.66	-0.74	-0.75
Leverage Ratio	1.14	1.18	1.26	1.36	1.39	1.37	1.27	1.19	1.19	1.15
Compound Leverage Factor	1.34	1.33	1.30	1.36	1.43	1.46	1.44	1.21	1.23	1.17
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%
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%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	21.28	26.30	13.84	14.39	19.58	20.11	11.83	40.82	16.70	17.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.18	7.72	6.63	4.93	5.61	4.91	4.77	8.13	9.58	12.97
Quick Ratio	4.83	5.50	4.94	4.10	4.92	4.37	4.19	7.41	8.78	12.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	162	-16	40	93	111	144	101	63	-68	102
Operating Cash Flow to CapEx	595.12%	258.86%	298.41%	442.77%	531.57%	645.10%	479.68%	447.49%	1,100.52%	2,226.38%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.36	0.41	0.40	0.36	0.39	0.29	0.48	0.34	0.36
Accounts Receivable Turnover	5.11	4.96	6.16	5.83	6.01	7.82	5.18	8.68	8.00	8.16
Inventory Turnover	0.83	0.75	0.81	1.02	1.10	1.13	1.01	2.04	1.75	2.76
Fixed Asset Turnover	3.50	3.62	4.53	4.79	4.51	5.14	3.92	8.02	8.02	9.03
Accounts Payable Turnover	6.25	13.24	10.45	8.00	6.31	6.33	4.41	5.00	3.51	8.53
Days Sales Outstanding (DSO)	71.43	73.62	59.28	62.61	60.73	46.66	70.43	42.06	45.63	44.71
Days Inventory Outstanding (DIO)	440.98	483.99	452.88	358.29	332.09	324.33	362.22	178.77	208.70	132.42
Days Payable Outstanding (DPO)	58.42	27.57	34.92	45.64	57.85	57.69	82.85	73.02	103.86	42.78
Cash Conversion Cycle (CCC)	453.99	530.03	477.24	375.26	334.97	313.30	349.80	147.80	150.46	134.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	666	634	438	269	178	160	175	224	185	69
Invested Capital Turnover	1.00	1.08	1.75	2.48	2.54	2.42	1.24	1.64	1.56	1.69
Increase / (Decrease) in Invested Capital	33	196	169	91	17	-15	-49	38	116	-88
Enterprise Value (EV)	5,989	8,164	4,175	6,765	9,794	8,758	3,747	7,401	2,206	2,054
Market Capitalization	6,939	8,978	5,013	7,596	10,529	9,409	4,262	7,837	2,549	2,451
Book Value per Share	$34.06	$30.56	$27.00	$23.34	$19.38	$17.22	$14.66	$14.01	$11.25	$9.99
Tangible Book Value per Share	$32.07	$28.18	$25.68	$21.75	$17.33	$14.71	$11.69	$10.57	$7.34	$8.45
Total Capital	1,617	1,447	1,275	1,100	913	811	691	659	528	467
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-950	-814	-838	-831	-735	-651	-515	-435	-343	-398
Capital Expenditures (CapEx)	43	60	42	43	28	30	25	30	7.30	5.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	282	284	186	75	30	-15	-14	35	17	18
Debt-free Net Working Capital (DFNWC)	774	798	764	738	760	631	502	455	345	413
Net Working Capital (NWC)	774	798	764	738	760	631	502	455	345	413
Net Nonoperating Expense (NNE)	-27	-23	-0.88	-0.49	-4.90	-9.41	-6.93	-2.29	-0.13	-0.35
Net Nonoperating Obligations (NNO)	-950	-814	-838	-831	-735	-651	-515	-435	-343	-398
Total Depreciation and Amortization (D&A)	37	32	36	42	32	-108	-44	13	12	13
Debt-free, Cash-free Net Working Capital to Revenue	43.50%	49.30%	30.16%	13.52%	6.91%	-3.74%	-5.53%	10.45%	8.63%	9.25%
Debt-free Net Working Capital to Revenue	119.57%	138.49%	123.86%	133.33%	177.13%	155.72%	202.76%	135.67%	173.55%	216.27%
Net Working Capital to Revenue	119.57%	138.49%	123.86%	133.33%	177.13%	155.72%	202.76%	135.67%	173.55%	216.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.66	$4.25	$4.41	$3.87	$2.80	$2.92	$1.24	$2.19	$1.02	$0.31
Adjusted Weighted Average Basic Shares Outstanding	47.55M	47.56M	47.39M	47.30M	47.20M	46.96M	46.85M	46.73M	46.41M	46.82M
Adjusted Diluted Earnings per Share	$4.65	$4.24	$4.40	$3.87	$2.80	$2.92	$1.24	$2.18	$1.02	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	47.65M	47.62M	47.47M	47.37M	47.24M	47.00M	46.90M	46.81M	46.54M	47.49M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	47.47M	47.37M	47.25M	48.50M	47.11M	47.19M	47.11M	47.05M	46.98M	46.82M
Normalized Net Operating Profit after Tax (NOPAT)	195	180	209	184	128	129	52	102	48	23
Normalized NOPAT Margin	30.09%	31.20%	33.92%	33.19%	29.96%	31.81%	20.98%	30.27%	24.10%	11.83%
Pre Tax Income Margin	42.02%	42.53%	43.50%	41.24%	38.13%	41.93%	25.99%	44.55%	34.49%	17.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.30%	32.87%	27.13%	20.59%	21.33%	13.63%	19.23%	5.44%	0.00%	0.00%
Augmented Payout Ratio	34.30%	32.87%	27.13%	20.59%	21.33%	14.10%	20.04%	5.44%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Pangaea Logistics Solutions' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.62%	2.51%	14.57%	8.15%	26.67%	-6.34%	-12.13%	7.33%	-13.29%	15.58%	11.79%
EBITDA Growth	14.04%	-29.91%	44.02%	-2.07%	38.45%	-7.72%	-26.06%	1.97%	-30.95%	-63.99%	455.55%
EBIT Growth	14.96%	-33.99%	51.52%	-4.97%	36.41%	-12.18%	-30.91%	8.34%	-28.21%	36.82%	17.41%
NOPAT Growth	10.52%	-17.74%	18.83%	0.09%	44.84%	-20.90%	-11.30%	13.02%	-29.66%	46.48%	13.31%
Net Income Growth	13.35%	-25.75%	29.80%	5.35%	42.71%	-4.85%	-3.63%	19.70%	-20.27%	41.98%	15.93%
EPS Growth	13.45%	-25.58%	29.63%	5.77%	43.37%	-5.15%	-3.57%	19.54%	-20.95%	40.21%	15.46%
Operating Cash Flow Growth	-57.64%	-6.36%	32.41%	585.41%	51.52%	1,303.64%	58.52%	-70.83%	-9.48%	-95.35%	-49.42%
Free Cash Flow Firm Growth	78.63%	107.67%	103.23%	90.48%	-18.01%	-39.98%	-234.19%	-862.39%	-569.88%	-125.95%	-733.15%
Invested Capital Growth	13.65%	5.16%	8.27%	11.54%	43.79%	44.74%	68.84%	82.24%	54.55%	62.94%	46.16%
Revenue Q/Q Growth	2.45%	0.41%	1.97%	-4.09%	4.38%	12.22%	-3.74%	12.34%	-22.82%	5.28%	17.57%
EBITDA Q/Q Growth	46.84%	-32.29%	25.26%	-8.44%	-9.75%	39.15%	-14.82%	29.45%	-39.85%	11.49%	17.46%
EBIT Q/Q Growth	56.64%	-36.86%	28.82%	-9.77%	-10.06%	44.92%	-19.21%	29.53%	-42.10%	14.01%	26.70%
NOPAT Q/Q Growth	28.35%	-20.67%	20.90%	-10.23%	-4.47%	14.60%	1.83%	29.92%	-47.83%	28.52%	29.75%
Net Income Q/Q Growth	40.04%	-31.18%	27.77%	-7.94%	-8.27%	20.31%	3.70%	24.70%	-38.84%	21.85%	28.80%
EPS Q/Q Growth	40.63%	-31.43%	27.27%	-7.56%	-7.75%	19.44%	3.85%	25.30%	-38.97%	21.43%	28.74%
Operating Cash Flow Q/Q Growth	-11.96%	-56.53%	19.17%	-7.13%	94.65%	-38.53%	516.85%	-79.47%	1,703.14%	-93.06%	13.49%
Free Cash Flow Firm Q/Q Growth	-376.92%	74.80%	131.21%	85.85%	-4.48%	26.43%	8.02%	-75.37%	-17.96%	-75.64%	-164.88%
Invested Capital Q/Q Growth	7.92%	4.39%	0.70%	0.19%	0.95%	7.47%	3.74%	29.15%	0.52%	25.37%	11.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.07%	76.98%	77.84%	75.82%	77.63%	77.25%	75.72%	78.07%	74.73%	82.19%	76.71%
EBITDA Margin	47.91%	33.43%	49.57%	40.35%	42.27%	48.89%	39.43%	44.56%	38.67%	49.62%	46.86%
Operating Margin	41.90%	32.34%	41.46%	35.61%	38.04%	40.90%	34.33%	40.01%	34.77%	49.15%	42.64%
EBIT Margin	42.12%	27.55%	43.82%	34.68%	36.87%	42.79%	33.13%	39.47%	34.23%	45.64%	42.14%
Profit (Net Income) Margin	38.76%	28.36%	41.37%	33.02%	34.40%	39.15%	36.52%	33.89%	30.54%	38.53%	33.29%
Tax Burden Percent	80.44%	83.18%	82.13%	80.66%	80.65%	81.97%	95.61%	77.56%	77.16%	80.77%	76.27%
Interest Burden Percent	114.38%	123.73%	114.96%	118.03%	115.70%	111.61%	115.27%	110.71%	115.60%	104.54%	103.59%
Effective Tax Rate	19.56%	16.82%	17.87%	19.35%	19.35%	18.03%	4.39%	22.44%	22.84%	19.23%	23.73%
Return on Invested Capital (ROIC)	32.35%	26.81%	35.70%	29.77%	34.97%	36.08%	41.07%	42.78%	44.18%	69.31%	65.68%
ROIC Less NNEP Spread (ROIC-NNEP)	31.41%	26.54%	34.34%	28.95%	34.25%	35.00%	40.44%	42.26%	43.61%	69.54%	65.53%
Return on Net Nonoperating Assets (RNNOA)	-17.91%	-15.28%	-20.14%	-16.81%	-21.05%	-21.23%	-25.81%	-27.41%	-30.61%	-48.86%	-48.39%
Return on Equity (ROE)	14.44%	11.53%	15.56%	12.97%	13.91%	14.85%	15.26%	15.37%	13.57%	20.45%	17.29%
Cash Return on Invested Capital (CROIC)	16.84%	24.95%	25.35%	21.61%	0.54%	-2.98%	-9.86%	-12.91%	10.79%	11.35%	26.42%
Operating Return on Assets (OROA)	15.40%	10.19%	16.43%	13.03%	14.00%	15.41%	12.34%	15.75%	13.51%	18.76%	16.91%
Return on Assets (ROA)	14.17%	10.49%	15.51%	12.41%	13.06%	14.10%	13.60%	13.53%	12.05%	15.84%	13.36%
Return on Common Equity (ROCE)	14.44%	11.53%	15.56%	12.97%	13.91%	14.85%	15.26%	15.37%	13.57%	20.45%	17.29%
Return on Equity Simple (ROE_SIMPLE)	13.84%	0.00%	15.00%	14.58%	14.82%	0.00%	14.91%	15.54%	15.39%	0.00%	15.75%
Net Operating Profit after Tax (NOPAT)	56	44	55	46	51	53	46	45	35	67	52
NOPAT Margin	33.70%	26.90%	34.05%	28.72%	30.68%	33.52%	32.83%	31.03%	26.83%	39.70%	32.52%
Net Nonoperating Expense Percent (NNEP)	0.94%	0.27%	1.36%	0.82%	0.72%	1.08%	0.63%	0.52%	0.57%	-0.24%	0.15%
Return On Investment Capital (ROIC_SIMPLE)	3.38%	2.70%	-	-	-	3.67%	-	-	-	5.26%	-
Cost of Revenue to Revenue	22.93%	23.02%	22.16%	24.18%	22.37%	22.75%	24.28%	21.93%	25.27%	17.81%	23.29%
SG&A Expenses to Revenue	10.23%	12.03%	9.69%	12.52%	11.65%	10.63%	12.82%	11.65%	11.80%	10.95%	11.49%
R&D to Revenue	20.99%	28.52%	22.33%	23.23%	22.99%	21.25%	23.46%	22.05%	24.09%	18.88%	18.94%
Operating Expenses to Revenue	35.17%	44.64%	36.39%	40.21%	39.59%	36.35%	41.39%	38.06%	39.96%	33.04%	34.07%
Earnings before Interest and Taxes (EBIT)	70	45	71	55	61	68	47	58	45	77	68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	80	54	80	64	70	77	56	65	50	84	75
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.99	4.29	6.28	6.53	5.36	6.20	5.33	5.05	5.58	3.93	3.62
Price to Tangible Book Value (P/TBV)	4.22	4.56	6.70	7.01	5.78	6.73	5.83	5.56	5.85	4.13	3.82
Price to Revenue (P/Rev)	10.21	10.71	15.47	16.01	13.03	15.58	12.56	11.15	12.15	8.13	7.38
Price to Earnings (P/E)	28.83	31.25	41.84	44.79	36.19	44.22	35.76	32.50	36.27	23.86	22.98
Dividend Yield	1.18%	1.09%	0.74%	0.71%	0.86%	0.74%	0.87%	0.91%	0.81%	1.13%	1.18%
Earnings Yield	3.47%	3.20%	2.39%	2.23%	2.76%	2.26%	2.80%	3.08%	2.76%	4.19%	4.35%
Enterprise Value to Invested Capital (EV/IC)	7.90	8.99	14.12	14.33	11.24	12.89	11.16	10.55	14.53	9.54	10.09
Enterprise Value to Revenue (EV/Rev)	8.76	9.25	14.00	14.57	11.63	14.16	11.20	9.88	10.71	6.77	5.93
Enterprise Value to EBITDA (EV/EBITDA)	20.43	22.33	30.93	34.03	26.51	32.81	25.77	21.81	23.36	14.09	7.91
Enterprise Value to EBIT (EV/EBIT)	23.61	25.87	35.41	39.42	30.48	37.62	29.06	24.24	26.32	16.03	14.70
Enterprise Value to NOPAT (EV/NOPAT)	28.38	30.73	44.09	46.46	36.35	45.40	33.90	30.03	32.88	19.96	18.74
Enterprise Value to Operating Cash Flow (EV/OCF)	26.78	23.60	35.19	38.39	39.65	52.75	54.67	61.11	52.46	32.92	19.47
Enterprise Value to Free Cash Flow (EV/FCFF)	49.91	36.93	57.91	69.93	2,445.64	0.00	0.00	0.00	163.49	104.12	45.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.57	-0.58	-0.59	-0.58	-0.61	-0.61	-0.64	-0.65	-0.70	-0.70	-0.74
Leverage Ratio	1.13	1.14	1.16	1.16	1.16	1.18	1.22	1.21	1.24	1.26	1.32
Compound Leverage Factor	1.29	1.41	1.33	1.37	1.34	1.31	1.40	1.34	1.44	1.32	1.36
Debt 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%
Short-Term Debt 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%
Long-Term Debt 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%
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	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	21.15	20.95	28.39	25.64	25.79	26.01	20.04	21.87	20.17	13.45	10.00
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	9.00	7.18	7.18	6.31	9.70	7.72	6.69	10.88	8.27	6.63	7.07
Quick Ratio	6.29	4.83	4.87	4.31	6.94	5.50	4.67	8.28	6.43	4.94	5.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-30	11	6.27	-20	-142	-143	-194	-211	-120	-102	-58
Operating Cash Flow to CapEx	234.03%	273.83%	586.07%	734.15%	1,001.33%	488.79%	241.87%	53.79%	523.42%	23.21%	388.88%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.37	0.37	0.38	0.38	0.36	0.37	0.40	0.39	0.41	0.40
Accounts Receivable Turnover	5.01	5.11	6.13	5.33	5.76	4.96	5.86	6.58	6.04	6.16	6.81
Inventory Turnover	0.81	0.83	0.82	0.84	0.80	0.75	0.72	0.78	0.80	0.81	0.86
Fixed Asset Turnover	3.49	3.50	3.52	3.63	3.81	3.62	3.76	4.10	4.31	4.53	4.63
Accounts Payable Turnover	7.27	6.25	6.49	9.40	12.34	13.24	7.62	12.41	6.94	10.45	10.70
Days Sales Outstanding (DSO)	72.91	71.43	59.51	68.46	63.38	73.62	62.29	55.45	60.45	59.28	53.61
Days Inventory Outstanding (DIO)	451.66	440.98	443.28	435.92	454.56	483.99	509.77	469.99	453.72	452.88	423.38
Days Payable Outstanding (DPO)	50.17	58.42	56.22	38.82	29.57	27.57	47.90	29.42	52.60	34.92	34.10
Cash Conversion Cycle (CCC)	474.39	453.99	446.57	465.56	488.37	530.03	524.15	496.02	461.57	477.24	442.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	719	666	638	634	633	634	590	568	440	438	349
Invested Capital Turnover	0.96	1.00	1.05	1.04	1.14	1.08	1.25	1.38	1.65	1.75	2.02
Increase / (Decrease) in Invested Capital	86	33	49	66	193	196	240	256	155	169	110
Enterprise Value (EV)	5,681	5,989	9,012	9,081	7,110	8,164	6,579	5,994	6,391	4,175	3,522
Market Capitalization	6,621	6,939	9,960	9,974	7,962	8,978	7,372	6,764	7,251	5,013	4,385
Book Value per Share	$34.96	$34.06	$33.44	$32.18	$31.22	$30.56	$29.20	$28.28	$27.50	$27.00	$25.66
Tangible Book Value per Share	$33.06	$32.07	$31.35	$30.00	$28.95	$28.18	$26.72	$25.72	$26.24	$25.68	$24.28
Total Capital	1,659	1,617	1,587	1,527	1,485	1,447	1,382	1,339	1,299	1,275	1,212
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-940	-950	-948	-893	-852	-814	-793	-771	-859	-838	-863
Capital Expenditures (CapEx)	13	13	14	9.13	7.21	7.58	25	18	9.10	11	9.78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	334	282	259	277	287	284	256	238	189	186	150
Debt-free Net Working Capital (DFNWC)	905	774	811	807	826	798	747	797	835	764	839
Net Working Capital (NWC)	905	774	811	807	826	798	747	797	835	764	839
Net Nonoperating Expense (NNE)	-8.41	-2.36	-12	-6.82	-6.15	-8.90	-5.20	-4.20	-4.83	1.97	-1.24
Net Nonoperating Obligations (NNO)	-940	-950	-948	-893	-852	-814	-793	-771	-859	-838	-863
Total Depreciation and Amortization (D&A)	9.62	9.54	9.29	8.99	8.93	9.67	8.89	7.46	5.79	6.74	7.57
Debt-free, Cash-free Net Working Capital to Revenue	51.49%	43.50%	40.26%	44.44%	46.95%	49.30%	43.55%	39.28%	31.71%	30.16%	25.29%
Debt-free Net Working Capital to Revenue	139.56%	119.57%	125.94%	129.58%	135.19%	138.49%	127.29%	131.45%	140.00%	123.86%	141.28%
Net Working Capital to Revenue	139.56%	119.57%	125.94%	129.58%	135.19%	138.49%	127.29%	131.45%	140.00%	123.86%	141.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.35	$0.97	$1.40	$1.10	$1.19	$1.30	$1.08	$1.04	$0.83	$1.37	$1.12
Adjusted Weighted Average Basic Shares Outstanding	47.57M	47.55M	47.54M	47.55M	47.56M	47.56M	47.57M	47.57M	47.52M	47.39M	47.40M
Adjusted Diluted Earnings per Share	$1.35	$0.96	$1.40	$1.10	$1.19	$1.29	$1.08	$1.04	$0.83	$1.36	$1.12
Adjusted Weighted Average Diluted Shares Outstanding	47.69M	47.65M	47.67M	47.63M	47.63M	47.62M	47.63M	47.62M	47.57M	47.47M	47.47M
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	47.53M	47.47M	47.46M	47.45M	47.44M	47.37M	47.36M	47.35M	47.33M	47.25M	47.24M
Normalized Net Operating Profit after Tax (NOPAT)	56	44	55	46	51	53	46	45	35	67	52
Normalized NOPAT Margin	33.70%	26.90%	34.05%	28.72%	30.68%	33.52%	32.83%	31.03%	26.83%	39.70%	32.52%
Pre Tax Income Margin	48.18%	34.09%	50.37%	40.94%	42.66%	47.76%	38.19%	43.70%	39.57%	47.71%	43.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.99%	34.30%	31.29%	32.33%	31.58%	32.87%	31.21%	29.76%	29.77%	27.13%	27.37%
Augmented Payout Ratio	33.99%	34.30%	31.29%	32.33%	31.58%	32.87%	31.21%	29.76%	29.77%	27.13%	27.37%

Frequently Asked Questions About Pangaea Logistics Solutions' Financials

When does Pangaea Logistics Solutions's financial year end?

According to the most recent income statement we have on file, Pangaea Logistics Solutions' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Pangaea Logistics Solutions' net income changed over the last 9 years?

Pangaea Logistics Solutions' net income appears to be on an upward trend, with a most recent value of $222.08 million in 2024, rising from $14.68 million in 2015. The previous period was $203.01 million in 2023.

What is Pangaea Logistics Solutions's operating income?

Pangaea Logistics Solutions's total operating income in 2024 was $238.80 million, based on the following breakdown:

Total Gross Profit: $499.22 million
Total Operating Expenses: $260.42 million

How has Pangaea Logistics Solutions revenue changed over the last 9 years?

Over the last 9 years, Pangaea Logistics Solutions' total revenue changed from $191.05 million in 2015 to $647.68 million in 2024, a change of 239.0%.

How much debt does Pangaea Logistics Solutions have?

Pangaea Logistics Solutions' total liabilities were at $215.81 million at the end of 2024, a 2.7% decrease from 2023, and a 132.9% increase since 2015.

How much cash does Pangaea Logistics Solutions have?

In the past 9 years, Pangaea Logistics Solutions' cash and equivalents has ranged from $91.99 million in 2023 to $630.01 million in 2020, and is currently $98.98 million as of their latest financial filing in 2024.

How has Pangaea Logistics Solutions' book value per share changed over the last 9 years?

Over the last 9 years, Pangaea Logistics Solutions' book value per share changed from 9.99 in 2015 to 34.06 in 2024, a change of 240.9%.

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This page (NASDAQ:PANL) was last updated on 5/24/2025 by MarketBeat.com Staff

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Pangaea Logistics Solutions (PANL) Financials

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Pangaea Logistics Solutions (PANL) Financials

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