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Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) and Pangaea Logistics Solutions Ltd. (PANL). Click either name above to swap in a different company.
Pangaea Logistics Solutions Ltd. is the larger business by last-quarter revenue ($183.9M vs $112.4M, roughly 1.6× BYLINE BANCORP, INC.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs 6.5%, a 27.0% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 9.0%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs 6.4%).
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
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.
BY vs PANL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.4M | $183.9M |
| Net Profit | $37.6M | $11.9M |
| Gross Margin | — | — |
| Operating Margin | — | 9.5% |
| Net Margin | 33.4% | 6.5% |
| Revenue YoY | 9.0% | 24.9% |
| Net Profit YoY | 33.0% | 40.9% |
| EPS (diluted) | $0.83 | $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.
| Q1 26 | $112.4M | — | ||
| Q4 25 | $117.0M | $183.9M | ||
| Q3 25 | $115.7M | $168.7M | ||
| Q2 25 | $110.5M | $156.7M | ||
| Q1 25 | $103.1M | $122.8M | ||
| Q4 24 | $104.7M | $147.2M | ||
| Q3 24 | $101.8M | $153.1M | ||
| Q2 24 | $99.4M | $131.5M |
| Q1 26 | $37.6M | — | ||
| Q4 25 | $34.5M | $11.9M | ||
| Q3 25 | $37.2M | $12.2M | ||
| Q2 25 | $30.1M | $-2.7M | ||
| Q1 25 | $28.2M | $-2.0M | ||
| Q4 24 | $30.3M | $8.4M | ||
| Q3 24 | $30.3M | $5.1M | ||
| Q2 24 | $29.7M | $3.7M |
| Q1 26 | — | — | ||
| Q4 25 | 40.1% | 9.5% | ||
| Q3 25 | 43.1% | 10.0% | ||
| Q2 25 | 35.2% | 2.3% | ||
| Q1 25 | 36.4% | 2.4% | ||
| Q4 24 | 38.6% | 10.1% | ||
| Q3 24 | 39.3% | 9.8% | ||
| Q2 24 | 40.4% | 5.8% |
| Q1 26 | 33.4% | — | ||
| Q4 25 | 34.1% | 6.5% | ||
| Q3 25 | 32.1% | 7.2% | ||
| Q2 25 | 27.2% | -1.8% | ||
| Q1 25 | 27.4% | -1.6% | ||
| Q4 24 | 34.3% | 5.7% | ||
| Q3 24 | 29.8% | 3.3% | ||
| Q2 24 | 29.9% | 2.8% |
| Q1 26 | $0.83 | — | ||
| Q4 25 | $0.77 | $0.18 | ||
| Q3 25 | $0.82 | $0.19 | ||
| Q2 25 | $0.66 | $-0.04 | ||
| Q1 25 | $0.64 | $-0.03 | ||
| Q4 24 | $0.68 | $0.19 | ||
| Q3 24 | $0.69 | $0.11 | ||
| Q2 24 | $0.68 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $198.4M | $103.1M |
| Total DebtLower is stronger | — | $249.6M |
| Stockholders' EquityBook value | $1.3B | $429.3M |
| Total Assets | $9.9B | $928.1M |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $198.4M | — | ||
| Q4 25 | $149.1M | $103.1M | ||
| Q3 25 | $259.0M | $94.0M | ||
| Q2 25 | $218.3M | $59.3M | ||
| Q1 25 | $421.3M | $63.9M | ||
| Q4 24 | $563.1M | $86.8M | ||
| Q3 24 | $452.6M | $93.1M | ||
| Q2 24 | $730.5M | $77.9M |
| Q1 26 | — | — | ||
| 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 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $429.3M | ||
| Q3 25 | $1.2B | $420.3M | ||
| Q2 25 | $1.2B | $414.4M | ||
| Q1 25 | $1.1B | $420.8M | ||
| Q4 24 | $1.1B | $427.8M | ||
| Q3 24 | $1.1B | $332.6M | ||
| Q2 24 | $1.0B | $331.5M |
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.7B | $928.1M | ||
| Q3 25 | $9.8B | $932.1M | ||
| Q2 25 | $9.7B | $916.0M | ||
| Q1 25 | $9.6B | $918.0M | ||
| Q4 24 | $9.5B | $936.5M | ||
| Q3 24 | $9.4B | $749.2M | ||
| Q2 24 | $9.6B | $692.9M |
| Q1 26 | — | — | ||
| 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× |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $140.3M | $15.1M | ||
| Q3 25 | $38.3M | $28.6M | ||
| Q2 25 | $16.3M | $14.4M | ||
| Q1 25 | $27.1M | $-4.4M | ||
| Q4 24 | $175.2M | $19.3M | ||
| Q3 24 | $19.8M | $28.5M | ||
| Q2 24 | $40.1M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | $136.3M | — | ||
| Q3 25 | $38.0M | — | ||
| Q2 25 | $15.2M | — | ||
| Q1 25 | $25.0M | — | ||
| Q4 24 | $171.2M | — | ||
| Q3 24 | $19.1M | — | ||
| Q2 24 | $39.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 116.5% | — | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 13.7% | — | ||
| Q1 25 | 24.3% | — | ||
| Q4 24 | 163.5% | — | ||
| Q3 24 | 18.8% | — | ||
| Q2 24 | 39.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.06× | 1.27× | ||
| Q3 25 | 1.03× | 2.34× | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 5.78× | 2.29× | ||
| Q3 24 | 0.65× | 5.57× | ||
| Q2 24 | 1.35× | 2.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BY
Segment breakdown not available.
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
