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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) 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 $182.4M, roughly 1.0× Climb Global Solutions, Inc.). Pangaea Logistics Solutions Ltd. runs the higher net margin — 6.5% vs 1.8%, a 4.6% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs 24.9%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs 32.5%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
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.
CLMB vs PANL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $182.4M | $183.9M |
| Net Profit | $3.3M | $11.9M |
| Gross Margin | 14.5% | — |
| Operating Margin | 2.1% | 9.5% |
| Net Margin | 1.8% | 6.5% |
| Revenue YoY | 32.1% | 24.9% |
| Net Profit YoY | -9.5% | 40.9% |
| EPS (diluted) | $0.18 | $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 | $182.4M | — | ||
| Q4 25 | $193.8M | $183.9M | ||
| Q3 25 | $161.3M | $168.7M | ||
| Q2 25 | $159.3M | $156.7M | ||
| Q1 25 | $138.0M | $122.8M | ||
| Q4 24 | $161.8M | $147.2M | ||
| Q3 24 | $119.3M | $153.1M | ||
| Q2 24 | $92.1M | $131.5M |
| Q1 26 | $3.3M | — | ||
| Q4 25 | $7.0M | $11.9M | ||
| Q3 25 | $4.7M | $12.2M | ||
| Q2 25 | $6.0M | $-2.7M | ||
| Q1 25 | $3.7M | $-2.0M | ||
| Q4 24 | $7.0M | $8.4M | ||
| Q3 24 | $5.5M | $5.1M | ||
| Q2 24 | $3.4M | $3.7M |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 15.4% | — | ||
| Q3 25 | 15.9% | — | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | 16.9% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 20.2% | — |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 4.9% | 9.5% | ||
| Q3 25 | 4.3% | 10.0% | ||
| Q2 25 | 5.0% | 2.3% | ||
| Q1 25 | 3.5% | 2.4% | ||
| Q4 24 | 7.2% | 10.1% | ||
| Q3 24 | 7.1% | 9.8% | ||
| Q2 24 | 4.6% | 5.8% |
| Q1 26 | 1.8% | — | ||
| Q4 25 | 3.6% | 6.5% | ||
| Q3 25 | 2.9% | 7.2% | ||
| Q2 25 | 3.7% | -1.8% | ||
| Q1 25 | 2.7% | -1.6% | ||
| Q4 24 | 4.3% | 5.7% | ||
| Q3 24 | 4.6% | 3.3% | ||
| Q2 24 | 3.7% | 2.8% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $1.51 | $0.18 | ||
| Q3 25 | $1.02 | $0.19 | ||
| Q2 25 | $1.30 | $-0.04 | ||
| Q1 25 | $0.81 | $-0.03 | ||
| Q4 24 | $1.52 | $0.19 | ||
| Q3 24 | $1.19 | $0.11 | ||
| Q2 24 | $0.75 | $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 | $41.8M | $103.1M |
| Total DebtLower is stronger | — | $249.6M |
| Stockholders' EquityBook value | $118.4M | $429.3M |
| Total Assets | $458.8M | $928.1M |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $41.8M | — | ||
| Q4 25 | $36.6M | $103.1M | ||
| Q3 25 | $49.8M | $94.0M | ||
| Q2 25 | $28.6M | $59.3M | ||
| Q1 25 | $32.5M | $63.9M | ||
| Q4 24 | $29.8M | $86.8M | ||
| Q3 24 | $22.1M | $93.1M | ||
| Q2 24 | $48.4M | $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 | $118.4M | — | ||
| Q4 25 | $116.6M | $429.3M | ||
| Q3 25 | $109.3M | $420.3M | ||
| Q2 25 | $105.2M | $414.4M | ||
| Q1 25 | $95.6M | $420.8M | ||
| Q4 24 | $90.6M | $427.8M | ||
| Q3 24 | $87.7M | $332.6M | ||
| Q2 24 | $79.8M | $331.5M |
| Q1 26 | $458.8M | — | ||
| Q4 25 | $460.2M | $928.1M | ||
| Q3 25 | $376.1M | $932.1M | ||
| Q2 25 | $420.7M | $916.0M | ||
| Q1 25 | $370.1M | $918.0M | ||
| Q4 24 | $469.2M | $936.5M | ||
| Q3 24 | $371.9M | $749.2M | ||
| Q2 24 | $302.8M | $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 | $-11.9M | $15.1M | ||
| Q3 25 | $22.2M | $28.6M | ||
| Q2 25 | $-2.2M | $14.4M | ||
| Q1 25 | $8.5M | $-4.4M | ||
| Q4 24 | $16.0M | $19.3M | ||
| Q3 24 | $-3.6M | $28.5M | ||
| Q2 24 | $7.3M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.70× | 1.27× | ||
| Q3 25 | 4.73× | 2.34× | ||
| Q2 25 | -0.37× | — | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | 2.29× | 2.29× | ||
| Q3 24 | -0.66× | 5.57× | ||
| Q2 24 | 2.13× | 2.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLMB
Segment breakdown not available.
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
