PANLPangaea Logistics Solutions Ltd.
Deep Sea Foreign Transportation Of Freight
- Revenue
- $632M
- 18% YoY
- Operating margin
- 6.5%
- 28% YoY
- EBITDA
- $83M
- 5.8% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.6×
- $130M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear277% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear30% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $718M | $700M | $499M | $537M | $632M | 18% |
| Operating income | $79M | $106M | $45M | $48M | $41M | 15% |
| Net income | $67M | $79M | $26M | $29M | $19M | 33% |
| Operating cash flow | $62M | $135M | $54M | $66M | $54M | 18% |
| Stock-based comp | $2M | $2M | $2M | $3M | $4M | 47% |
| Dividends | $6M | $13M | $18M | $19M | $16M | 13% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.