PANLNasdaqDeep Sea Foreign Transportation of FreightFiscal year ends December 31

Pangaea Logistics Solutions Ltd.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026

$7.66+0.05 (+0.66%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2012 to 2025

6.5%+1.3 pts over 5 years

3.1%+0.1 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+17.8%	-3.3%	+10.5%	+8.2%
Operating income	-15.5%	-27.1%	+15.8%	+7.1%
Net income	-33.0%	-37.5%	+11.3%	+5.6%
EPS, diluted	-52.4%	-44.6%	+2.9%	-0.6%
Dividend per share	-50.0%	–	–	–

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	6.6%	6.4%	4.5%
Return on assets	2.0%	2.4%	2.1%
Current ratio	0.80	1.00	1.69
Debt to equity	–	0.58	0.58
Net debt to EBITDA	–	1.54×	1.76×
Interest coverage	2.4×	2.6×	1.7×
Diluted shares	35M	44M	65M

Return on equity split into margin, efficiency and leverage

Net margin3.1%

Asset turnover0.68×

Equity multiplier2.18×

Return on equity, FY20254.5%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	3.1%	0.68×	2.18×	4.5%
FY2024	5.4%	0.65×	2.18×	7.7%
FY2023	5.3%	0.69×	2.28×	8.3%
FY2022	11.4%	0.96×	2.59×	28.3%
FY2021	9.4%	1.24×	2.69×	31.3%
FY2020	3.0%	0.82×	2.64×	6.4%
FY2019	2.8%	0.88×	2.81×	7.0%
FY2018	4.8%	0.85×	2.86×	11.6%
FY2017	2.0%	0.98×	3.00×	6.0%
FY2016	3.1%	0.65×	3.25×	6.6%

Parsed from the XBRL in Pangaea Logistics Solutions's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is PANL.

Revenue growth22.5% · median 25.6%

Operating margin9.3% · median 37.9%

Net margin6.7% · median 28.8%

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