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Side-by-side financial comparison of Danaos Corp (DAC) and Pangaea Logistics Solutions Ltd. (PANL). Click either name above to swap in a different company.
Danaos Corp is the larger business by last-quarter revenue ($262.2M vs $183.9M, roughly 1.4× Pangaea Logistics Solutions Ltd.). Danaos Corp runs the higher net margin — 49.9% vs 6.5%, a 43.5% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 6.4%).
Danaos Corporation is a leading global containership ownership and management firm. It operates a large fleet of modern container vessels, providing long-term charter services to top international container liner operators across major global trade routes, supporting the efficiency and reliability of global supply chains.
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.
DAC vs PANL — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $183.9M |
| Net Profit | $130.9M | $11.9M |
| Gross Margin | — | — |
| Operating Margin | 47.9% | 9.5% |
| Net Margin | 49.9% | 6.5% |
| Revenue YoY | 6.4% | 24.9% |
| Net Profit YoY | -7.3% | 40.9% |
| EPS (diluted) | $7.12 | $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 | — | $183.9M | ||
| Q3 25 | — | $168.7M | ||
| Q2 25 | $262.2M | $156.7M | ||
| Q1 25 | — | $122.8M | ||
| Q4 24 | — | $147.2M | ||
| Q3 24 | — | $153.1M | ||
| Q2 24 | $246.3M | $131.5M | ||
| Q1 24 | — | $104.7M |
| Q4 25 | — | $11.9M | ||
| Q3 25 | — | $12.2M | ||
| Q2 25 | $130.9M | $-2.7M | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | — | $8.4M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | $141.2M | $3.7M | ||
| Q1 24 | — | $11.7M |
| Q4 25 | — | 9.5% | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | 47.9% | 2.3% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 9.8% | ||
| Q2 24 | 56.8% | 5.8% | ||
| Q1 24 | — | 10.5% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | 49.9% | -1.8% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | 57.3% | 2.8% | ||
| Q1 24 | — | 11.1% |
| Q4 25 | — | $0.18 | ||
| Q3 25 | — | $0.19 | ||
| Q2 25 | $7.12 | $-0.04 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $0.19 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | $7.23 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $654.1M | $103.1M |
| Total DebtLower is stronger | — | $249.6M |
| Stockholders' EquityBook value | $3.6B | $429.3M |
| Total Assets | $4.5B | $928.1M |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $103.1M | ||
| Q3 25 | — | $94.0M | ||
| Q2 25 | $654.1M | $59.3M | ||
| Q1 25 | — | $63.9M | ||
| Q4 24 | — | $86.8M | ||
| Q3 24 | — | $93.1M | ||
| Q2 24 | $471.7M | $77.9M | ||
| Q1 24 | — | $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 | — | $429.3M | ||
| Q3 25 | — | $420.3M | ||
| Q2 25 | $3.6B | $414.4M | ||
| Q1 25 | — | $420.8M | ||
| Q4 24 | — | $427.8M | ||
| Q3 24 | — | $332.6M | ||
| Q2 24 | $3.3B | $331.5M | ||
| Q1 24 | — | $332.0M |
| Q4 25 | — | $928.1M | ||
| Q3 25 | — | $932.1M | ||
| Q2 25 | $4.5B | $916.0M | ||
| Q1 25 | — | $918.0M | ||
| Q4 24 | — | $936.5M | ||
| Q3 24 | — | $749.2M | ||
| Q2 24 | $4.0B | $692.9M | ||
| Q1 24 | — | $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 | — | $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.
| 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 |
| 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
DAC
Segment breakdown not available.
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
