# Pangaea Logistics Solutions, Ltd. (PANL)

> Industrials · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/PANL/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 357.70M | $ 23.50M | $ 24.16M | $ 349.49M | $ 448.63M |
| 2025 | $ 647.15M | $ 19.83M | $ 49.08M | $ 372.21M | $ 429.33M |
| 2024 | $ 563.94M | $ 30.38M | $ -3.93M | $ 397.37M | $ 427.82M |
| 2023 | $ 539.83M | $ 28.46M | $ 28.68M | $ 264.44M | $ 323.89M |
| 2022 | $ 781.65M | $ 88.80M | $ 109.93M | $ 299.48M | $ 314.23M |
| 2021 | $ 853.58M | $ 79.91M | $ -160.36M | $ 306.96M | $ 247.20M |
| 2020 | $ 487.78M | $ 14.46M | $ 22.82M | $ 159.63M | $ 182.77M |
| 2019 | $ 532.04M | $ 15.05M | $ 3.65M | $ 177.02M | $ 170.25M |
| 2018 | $ 492.58M | $ 23.45M | $ 29.84M | $ 169.43M | $ 161.69M |
| 2017 | $ 518.77M | $ 10.52M | $ -46.89M | $ 170.41M | $ 145.35M |
| 2016 | $ 327.47M | $ 10.26M | $ 12.33M | $ 143.24M | $ 116.27M |
| 2015 | $ 403.43M | $ 15.83M | $ -64.66M | $ 162.32M | $ 108.21M |
| 2014 | $ 562.77M | $ -17.14M | $ -46.60M | $ 167.34M | $ 97.82M |
| 2013 | $ 264.25M | $ -6.99M | $ -91.65M | $ 127.29M | $ 5.54M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.78 |
| Liabilities / Eq | 1.03 |
| Current Ratio | 1.38 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 10.20 |
| Gross Debt / FCF | 62.23 |

## Other views

- [Metrics](https://sponda.capital/en/PANL.md)
- [Charts](https://sponda.capital/en/PANL/charts.md)
- [Compare](https://sponda.capital/en/PANL/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-29.