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Side-by-side financial comparison of AdvanSix Inc. (ASIX) and Pangaea Logistics Solutions Ltd. (PANL). Click either name above to swap in a different company.
AdvanSix Inc. is the larger business by last-quarter revenue ($359.9M vs $183.9M, roughly 2.0× Pangaea Logistics Solutions Ltd.). Pangaea Logistics Solutions Ltd. runs the higher net margin — 6.5% vs -0.8%, a 7.2% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 9.4%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs 3.4%).
AdvanSix Inc. is an American chemical company that produces nylon 6 and related chemicals such as caprolactam and ammonium sulfate fertilizers. It operated as Honeywell's Resins and Chemicals division until 2016, when it was spun off as a separate company. The unit accounted for 3 percent of Honeywell's sales at the time. For 2019, revenue is estimated at $1.4 billion. The company traces its lineage to the H. W. Jayne Company, established 1884 in Frankford, Pennsylvania.
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.
ASIX vs PANL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $359.9M | $183.9M |
| Net Profit | $-2.8M | $11.9M |
| Gross Margin | 7.6% | — |
| Operating Margin | -0.7% | 9.5% |
| Net Margin | -0.8% | 6.5% |
| Revenue YoY | 9.4% | 24.9% |
| Net Profit YoY | -892.9% | 40.9% |
| EPS (diluted) | $-0.11 | $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.
| Q4 25 | $359.9M | $183.9M | ||
| Q3 25 | $374.5M | $168.7M | ||
| Q2 25 | $410.0M | $156.7M | ||
| Q1 25 | $377.8M | $122.8M | ||
| Q4 24 | $329.1M | $147.2M | ||
| Q3 24 | $398.2M | $153.1M | ||
| Q2 24 | $453.5M | $131.5M | ||
| Q1 24 | $336.8M | $104.7M |
| Q4 25 | $-2.8M | $11.9M | ||
| Q3 25 | $-2.6M | $12.2M | ||
| Q2 25 | $31.4M | $-2.7M | ||
| Q1 25 | $23.3M | $-2.0M | ||
| Q4 24 | $352.0K | $8.4M | ||
| Q3 24 | $22.3M | $5.1M | ||
| Q2 24 | $38.9M | $3.7M | ||
| Q1 24 | $-17.4M | $11.7M |
| Q4 25 | 7.6% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 14.4% | — | ||
| Q2 24 | 17.9% | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | -0.7% | 9.5% | ||
| Q3 25 | -0.9% | 10.0% | ||
| Q2 25 | 7.7% | 2.3% | ||
| Q1 25 | 7.7% | 2.4% | ||
| Q4 24 | -3.9% | 10.1% | ||
| Q3 24 | 7.5% | 9.8% | ||
| Q2 24 | 11.5% | 5.8% | ||
| Q1 24 | -7.0% | 10.5% |
| Q4 25 | -0.8% | 6.5% | ||
| Q3 25 | -0.7% | 7.2% | ||
| Q2 25 | 7.7% | -1.8% | ||
| Q1 25 | 6.2% | -1.6% | ||
| Q4 24 | 0.1% | 5.7% | ||
| Q3 24 | 5.6% | 3.3% | ||
| Q2 24 | 8.6% | 2.8% | ||
| Q1 24 | -5.2% | 11.1% |
| Q4 25 | $-0.11 | $0.18 | ||
| Q3 25 | $-0.10 | $0.19 | ||
| Q2 25 | $1.15 | $-0.04 | ||
| Q1 25 | $0.86 | $-0.03 | ||
| Q4 24 | $0.02 | $0.19 | ||
| Q3 24 | $0.82 | $0.11 | ||
| Q2 24 | $1.43 | $0.08 | ||
| Q1 24 | $-0.65 | $0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $19.8M | $103.1M |
| Total DebtLower is stronger | — | $249.6M |
| Stockholders' EquityBook value | $815.2M | $429.3M |
| Total Assets | $1.7B | $928.1M |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $103.1M | ||
| Q3 25 | $23.7M | $94.0M | ||
| Q2 25 | $18.4M | $59.3M | ||
| Q1 25 | $8.3M | $63.9M | ||
| Q4 24 | $19.6M | $86.8M | ||
| Q3 24 | $17.3M | $93.1M | ||
| Q2 24 | $12.1M | $77.9M | ||
| Q1 24 | $20.6M | $95.9M |
| 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 |
| Q4 25 | $815.2M | $429.3M | ||
| Q3 25 | $818.2M | $420.3M | ||
| Q2 25 | $823.7M | $414.4M | ||
| Q1 25 | $794.4M | $420.8M | ||
| Q4 24 | $774.6M | $427.8M | ||
| Q3 24 | $766.4M | $332.6M | ||
| Q2 24 | $746.6M | $331.5M | ||
| Q1 24 | $713.2M | $332.0M |
| Q4 25 | $1.7B | $928.1M | ||
| Q3 25 | $1.7B | $932.1M | ||
| Q2 25 | $1.6B | $916.0M | ||
| Q1 25 | $1.6B | $918.0M | ||
| Q4 24 | $1.6B | $936.5M | ||
| Q3 24 | $1.5B | $749.2M | ||
| Q2 24 | $1.5B | $692.9M | ||
| Q1 24 | $1.5B | $703.3M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $63.7M | $15.1M |
| Free Cash FlowOCF − Capex | $36.1M | — |
| FCF MarginFCF / Revenue | 10.0% | — |
| Capex IntensityCapex / Revenue | 7.7% | — |
| Cash ConversionOCF / Net Profit | — | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | $6.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.7M | $15.1M | ||
| Q3 25 | $26.6M | $28.6M | ||
| Q2 25 | $21.1M | $14.4M | ||
| Q1 25 | $11.4M | $-4.4M | ||
| Q4 24 | $64.2M | $19.3M | ||
| Q3 24 | $57.3M | $28.5M | ||
| Q2 24 | $50.2M | $9.0M | ||
| Q1 24 | $-36.2M | $9.0M |
| Q4 25 | $36.1M | — | ||
| Q3 25 | $66.0K | — | ||
| Q2 25 | $-7.2M | — | ||
| Q1 25 | $-22.6M | — | ||
| Q4 24 | $29.8M | — | ||
| Q3 24 | $26.8M | — | ||
| Q2 24 | $16.7M | — | ||
| Q1 24 | $-71.6M | — |
| Q4 25 | 10.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | -1.7% | — | ||
| Q1 25 | -6.0% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | -21.3% | — |
| Q4 25 | 7.7% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 6.9% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 10.5% | — |
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 2.34× | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 182.29× | 2.29× | ||
| Q3 24 | 2.57× | 5.57× | ||
| Q2 24 | 1.29× | 2.43× | ||
| Q1 24 | — | 0.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASIX
| Plant Nutrients | $140.0M | 39% |
| Chemical Intermediates | $92.8M | 26% |
| Caprolactam | $64.4M | 18% |
| Nylon Resins | $62.8M | 17% |
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
