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Pangaea Logistics Solutions

PANL

Pangaea Logistics Solutions Ltd. is a global provider of seaborne drybulk logistics and transportation services, specializing in complex and niche industrial trade routes.

Market cap
$488M+53.0%
Revenue$679.8M+22.6%
Net income$34.6M+127%
EPS (diluted)$0.54+58.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$192.8M
EPS estimate$0.21

Financials

Q1 2026

Income statement

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Revenue$170.6M+38.9%
Operating income$10.5M+258%
Net income$13.3M+771%
EPS (diluted)$0.21+800%

Balance sheet

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Cash & equivalents$89.7M+40.3%
Total debt$42.3M+3.6%
Total equity$441.1M+4.8%
Total assets$950.7M+3.6%

Cash flow

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Operating cash flow$4.5M+203%

Valuation & ratios

Valuation

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Market cap$488M+53.0%
Enterprise value$440.58M+41.0%
P/E14.1×-23.5×
P/S0.7×+0.1×

Profitability

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Operating margin7.1%-0.1pp
Net margin5.1%+2.3pp

Returns & leverage

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Return on equity8%+4.0pp
Debt / equity0.1×0.0×
Current ratio1.6×0.0×

Segments

By product

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operating segment$152.0M+38.6%
Voyage revenue$152.0M+38.6%
Charter revenue$12.4M+24.5%
Port terminal & stevedore revenue$6.1M+95.0%

By segment

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Shipping$164.4M+33.9%

Competitors

Profile

Pangaea Logistics Solutions Ltd. is a global provider of seaborne drybulk logistics and transportation services, specializing in complex and niche industrial trade routes. The company differentiates itself by offering comprehensive logistics solutions, including terminal operations and stevedoring, alongside its vessel operations. A key value proposition is its leadership in the high ice-class sector, operating a specialized fleet capable of navigating harsh environments in the Arctic and Baltic regions.

Competitive position

A market leader in the high ice-class drybulk sector with the world's largest fleet of Ice-Class 1A vessels over 60,000 dwt.

GeographiesGlobal, Arctic, Baltic Sea, North America, Jamaica
Customer segmentsIndustrial, Commodity Producers, Global Trade
Business modelAsset-heavy, Service-based, Charter-based
SuppliersShipyards and vessel manufacturers, Fuel and bunker suppliers, Independent crewing agencies, Third-party vessel owners for chartering-in
CustomersSteel manufacturers, Agricultural exporters, Aluminum producers, Energy companies
Listed2013
Employees651.0
CEOMads Rosenberg Boye Petersen
FilingsSEC EDGAR

Questions, answered.

What is Pangaea Logistics Solutions's market cap?
Pangaea Logistics Solutions (PANL) has a market capitalization of $488.0M and trades on NASDAQ.
What is Pangaea Logistics Solutions's revenue and profitability?
Pangaea Logistics Solutions generated $679.8M in trailing twelve-month revenue with net income of $34.6M, representing a net margin of 5.1%. These figures are based on the Q1 2026 filing.
Who are Pangaea Logistics Solutions's competitors?
Pangaea Logistics Solutions's key competitors include Genco Shipping & Trading Limited, Star Bulk Carriers Corp., Universal Logistics Holdings, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Pangaea Logistics Solutions partner with?
Pangaea Logistics Solutions's notable partners include Bernhard Schulte Shipmanagement, M.T.M. Ship Management, Strategic Shipping Inc., and others.
What subsidiaries does Pangaea Logistics Solutions have?
Pangaea Logistics Solutions's subsidiaries include Seamar Management S.A., Phoenix Bulk Carriers (US) LLC, Nordic Bulk Holding Company Ltd., and others.
Where is Pangaea Logistics Solutions headquartered?
Pangaea Logistics Solutions is headquartered in United States of America and employs approximately 651 people. It has been publicly traded since 2013.