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Side-by-side financial comparison of Ascendis Pharma A/S (ASND) and Pangaea Logistics Solutions Ltd. (PANL). Click either name above to swap in a different company.

Ascendis Pharma A/S is the larger business by last-quarter revenue ($267.3M vs $183.9M, roughly 1.5× Pangaea Logistics Solutions Ltd.). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs 24.9%). Over the past eight quarters, Ascendis Pharma A/S's revenue compounded faster (60.7% CAGR vs 32.5%).

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

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.

ASND vs PANL — Head-to-Head

Bigger by revenue
ASND
ASND
1.5× larger
ASND
$267.3M
$183.9M
PANL
Growing faster (revenue YoY)
ASND
ASND
+17.4% gap
ASND
42.3%
24.9%
PANL
Faster 2-yr revenue CAGR
ASND
ASND
Annualised
ASND
60.7%
32.5%
PANL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASND
ASND
PANL
PANL
Revenue
$267.3M
$183.9M
Net Profit
$11.9M
Gross Margin
90.5%
Operating Margin
9.5%
Net Margin
6.5%
Revenue YoY
42.3%
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
ASND
ASND
PANL
PANL
Q4 25
$267.3M
$183.9M
Q3 25
$230.7M
$168.7M
Q2 25
$170.7M
$156.7M
Q1 25
$109.0M
$122.8M
Q4 24
$187.8M
$147.2M
Q3 24
$62.5M
$153.1M
Q2 24
$38.9M
$131.5M
Q1 24
$103.6M
$104.7M
Net Profit
ASND
ASND
PANL
PANL
Q4 25
$11.9M
Q3 25
$-65.9M
$12.2M
Q2 25
$-42.0M
$-2.7M
Q1 25
$-102.2M
$-2.0M
Q4 24
$8.4M
Q3 24
$-107.1M
$5.1M
Q2 24
$-118.1M
$3.7M
Q1 24
$-141.5M
$11.7M
Gross Margin
ASND
ASND
PANL
PANL
Q4 25
90.5%
Q3 25
89.5%
Q2 25
80.1%
Q1 25
82.6%
Q4 24
91.9%
Q3 24
80.6%
Q2 24
68.2%
Q1 24
92.1%
Operating Margin
ASND
ASND
PANL
PANL
Q4 25
9.5%
Q3 25
5.1%
10.0%
Q2 25
-33.5%
2.3%
Q1 25
-103.2%
2.4%
Q4 24
10.1%
Q3 24
-167.3%
9.8%
Q2 24
-370.2%
5.8%
Q1 24
-51.2%
10.5%
Net Margin
ASND
ASND
PANL
PANL
Q4 25
6.5%
Q3 25
-28.5%
7.2%
Q2 25
-24.6%
-1.8%
Q1 25
-93.7%
-1.6%
Q4 24
5.7%
Q3 24
-171.5%
3.3%
Q2 24
-303.9%
2.8%
Q1 24
-136.6%
11.1%
EPS (diluted)
ASND
ASND
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
ASND
ASND
PANL
PANL
Cash + ST InvestmentsLiquidity on hand
$665.3M
$103.1M
Total DebtLower is stronger
$249.6M
Stockholders' EquityBook value
$-175.8M
$429.3M
Total Assets
$1.4B
$928.1M
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASND
ASND
PANL
PANL
Q4 25
$665.3M
$103.1M
Q3 25
$582.2M
$94.0M
Q2 25
$533.6M
$59.3M
Q1 25
$559.4M
$63.9M
Q4 24
$604.3M
$86.8M
Q3 24
$675.6M
$93.1M
Q2 24
$279.4M
$77.9M
Q1 24
$345.9M
$95.9M
Total Debt
ASND
ASND
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
ASND
ASND
PANL
PANL
Q4 25
$-175.8M
$429.3M
Q3 25
$-188.0M
$420.3M
Q2 25
$-202.6M
$414.4M
Q1 25
$-205.0M
$420.8M
Q4 24
$-114.2M
$427.8M
Q3 24
$-105.1M
$332.6M
Q2 24
$-346.8M
$331.5M
Q1 24
$-257.2M
$332.0M
Total Assets
ASND
ASND
PANL
PANL
Q4 25
$1.4B
$928.1M
Q3 25
$1.2B
$932.1M
Q2 25
$1.2B
$916.0M
Q1 25
$1.1B
$918.0M
Q4 24
$1.3B
$936.5M
Q3 24
$1.2B
$749.2M
Q2 24
$819.0M
$692.9M
Q1 24
$866.7M
$703.3M
Debt / Equity
ASND
ASND
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
ASND
ASND
PANL
PANL
Operating Cash FlowLast quarter
$58.2M
$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
ASND
ASND
PANL
PANL
Q4 25
$58.2M
$15.1M
Q3 25
$28.6M
Q2 25
$14.4M
Q1 25
$-15.5M
$-4.4M
Q4 24
$-330.7M
$19.3M
Q3 24
$28.5M
Q2 24
$9.0M
Q1 24
$-109.7M
$9.0M
Cash Conversion
ASND
ASND
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

ASND
ASND

Segment breakdown not available.

PANL
PANL

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

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