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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and Pangaea Logistics Solutions Ltd. (PANL). Click either name above to swap in a different company.

ASIA PACIFIC WIRE & CABLE CORP LTD is the larger business by last-quarter revenue ($225.3M vs $183.9M, roughly 1.2× Pangaea Logistics Solutions Ltd.).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

Pangaea Logistics Solutions Ltd. is a global dry bulk logistics and shipping service provider. It operates a modern fleet of dry bulk vessels to transport a wide range of commodities including grains, minerals, construction materials, and energy-related raw materials, serving industrial, agricultural, and energy sector clients across North America, Europe, and Asia with tailored end-to-end bulk cargo supply chain solutions.

APWC vs PANL — Head-to-Head

Bigger by revenue
APWC
APWC
1.2× larger
APWC
$225.3M
$183.9M
PANL

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
APWC
APWC
PANL
PANL
Revenue
$225.3M
$183.9M
Net Profit
$11.9M
Gross Margin
7.9%
Operating Margin
2.2%
9.5%
Net Margin
6.5%
Revenue YoY
24.9%
Net Profit YoY
40.9%
EPS (diluted)
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APWC
APWC
PANL
PANL
Q4 25
$183.9M
Q3 25
$168.7M
Q2 25
$156.7M
Q1 25
$122.8M
Q4 24
$147.2M
Q3 24
$153.1M
Q2 24
$131.5M
Q1 24
$104.7M
Net Profit
APWC
APWC
PANL
PANL
Q4 25
$11.9M
Q3 25
$12.2M
Q2 25
$-2.7M
Q1 25
$-2.0M
Q4 24
$8.4M
Q3 24
$5.1M
Q2 24
$3.7M
Q1 24
$11.7M
Operating Margin
APWC
APWC
PANL
PANL
Q4 25
9.5%
Q3 25
10.0%
Q2 25
2.3%
Q1 25
2.4%
Q4 24
10.1%
Q3 24
9.8%
Q2 24
5.8%
Q1 24
10.5%
Net Margin
APWC
APWC
PANL
PANL
Q4 25
6.5%
Q3 25
7.2%
Q2 25
-1.8%
Q1 25
-1.6%
Q4 24
5.7%
Q3 24
3.3%
Q2 24
2.8%
Q1 24
11.1%
EPS (diluted)
APWC
APWC
PANL
PANL
Q4 25
$0.18
Q3 25
$0.19
Q2 25
$-0.04
Q1 25
$-0.03
Q4 24
$0.19
Q3 24
$0.11
Q2 24
$0.08
Q1 24
$0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APWC
APWC
PANL
PANL
Cash + ST InvestmentsLiquidity on hand
$103.1M
Total DebtLower is stronger
$249.6M
Stockholders' EquityBook value
$429.3M
Total Assets
$928.1M
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
PANL
PANL
Q4 25
$103.1M
Q3 25
$94.0M
Q2 25
$59.3M
Q1 25
$63.9M
Q4 24
$86.8M
Q3 24
$93.1M
Q2 24
$77.9M
Q1 24
$95.9M
Total Debt
APWC
APWC
PANL
PANL
Q4 25
$249.6M
Q3 25
$256.2M
Q2 25
$244.7M
Q1 25
$251.0M
Q4 24
$257.2M
Q3 24
$133.6M
Q2 24
$90.5M
Q1 24
$95.9M
Stockholders' Equity
APWC
APWC
PANL
PANL
Q4 25
$429.3M
Q3 25
$420.3M
Q2 25
$414.4M
Q1 25
$420.8M
Q4 24
$427.8M
Q3 24
$332.6M
Q2 24
$331.5M
Q1 24
$332.0M
Total Assets
APWC
APWC
PANL
PANL
Q4 25
$928.1M
Q3 25
$932.1M
Q2 25
$916.0M
Q1 25
$918.0M
Q4 24
$936.5M
Q3 24
$749.2M
Q2 24
$692.9M
Q1 24
$703.3M
Debt / Equity
APWC
APWC
PANL
PANL
Q4 25
0.58×
Q3 25
0.61×
Q2 25
0.59×
Q1 25
0.60×
Q4 24
0.60×
Q3 24
0.40×
Q2 24
0.27×
Q1 24
0.29×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APWC
APWC
PANL
PANL
Operating Cash FlowLast quarter
$15.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.27×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
PANL
PANL
Q4 25
$15.1M
Q3 25
$28.6M
Q2 25
$14.4M
Q1 25
$-4.4M
Q4 24
$19.3M
Q3 24
$28.5M
Q2 24
$9.0M
Q1 24
$9.0M
Cash Conversion
APWC
APWC
PANL
PANL
Q4 25
1.27×
Q3 25
2.34×
Q2 25
Q1 25
Q4 24
2.29×
Q3 24
5.57×
Q2 24
2.43×
Q1 24
0.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APWC
APWC

Segment breakdown not available.

PANL
PANL

Voyage$166.3M90%
Charter$13.1M7%
Terminal Stevedore Revenue$4.4M2%

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