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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) 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 $133.7M, roughly 1.4× FIRST COMMONWEALTH FINANCIAL CORP). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs 6.5%, a 21.6% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 13.0%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs 5.5%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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.
FCF vs PANL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $183.9M |
| Net Profit | $37.5M | $11.9M |
| Gross Margin | — | — |
| Operating Margin | — | 9.5% |
| Net Margin | 28.1% | 6.5% |
| Revenue YoY | 13.0% | 24.9% |
| Net Profit YoY | 14.8% | 40.9% |
| EPS (diluted) | $0.37 | $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 | $133.7M | — | ||
| Q4 25 | $137.9M | $183.9M | ||
| Q3 25 | $136.0M | $168.7M | ||
| Q2 25 | $131.0M | $156.7M | ||
| Q1 25 | $118.0M | $122.8M | ||
| Q4 24 | $120.4M | $147.2M | ||
| Q3 24 | $121.2M | $153.1M | ||
| Q2 24 | $120.2M | $131.5M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $11.9M | ||
| Q3 25 | $41.3M | $12.2M | ||
| Q2 25 | $33.4M | $-2.7M | ||
| Q1 25 | $32.7M | $-2.0M | ||
| Q4 24 | $35.8M | $8.4M | ||
| Q3 24 | $32.1M | $5.1M | ||
| Q2 24 | $37.1M | $3.7M |
| Q1 26 | — | — | ||
| Q4 25 | 40.9% | 9.5% | ||
| Q3 25 | 38.1% | 10.0% | ||
| Q2 25 | 32.1% | 2.3% | ||
| Q1 25 | 34.8% | 2.4% | ||
| Q4 24 | 37.1% | 10.1% | ||
| Q3 24 | 33.4% | 9.8% | ||
| Q2 24 | 38.7% | 5.8% |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | 6.5% | ||
| Q3 25 | 30.4% | 7.2% | ||
| Q2 25 | 25.5% | -1.8% | ||
| Q1 25 | 27.7% | -1.6% | ||
| Q4 24 | 29.8% | 5.7% | ||
| Q3 24 | 26.5% | 3.3% | ||
| Q2 24 | 30.9% | 2.8% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $0.18 | ||
| Q3 25 | $0.39 | $0.19 | ||
| Q2 25 | $0.32 | $-0.04 | ||
| Q1 25 | $0.32 | $-0.03 | ||
| Q4 24 | $0.35 | $0.19 | ||
| Q3 24 | $0.31 | $0.11 | ||
| Q2 24 | $0.36 | $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 | — | $103.1M |
| Total DebtLower is stronger | $154.9M | $249.6M |
| Stockholders' EquityBook value | $1.6B | $429.3M |
| Total Assets | $12.3B | $928.1M |
| Debt / EquityLower = less leverage | 0.10× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $103.1M | ||
| Q3 25 | — | $94.0M | ||
| Q2 25 | — | $59.3M | ||
| Q1 25 | — | $63.9M | ||
| Q4 24 | — | $86.8M | ||
| Q3 24 | — | $93.1M | ||
| Q2 24 | — | $77.9M |
| Q1 26 | $154.9M | — | ||
| Q4 25 | $261.7M | $249.6M | ||
| Q3 25 | $262.1M | $256.2M | ||
| Q2 25 | $262.4M | $244.7M | ||
| Q1 25 | $262.7M | $251.0M | ||
| Q4 24 | $263.0M | $257.2M | ||
| Q3 24 | $136.3M | $133.6M | ||
| Q2 24 | $136.6M | $90.5M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $429.3M | ||
| Q3 25 | $1.5B | $420.3M | ||
| Q2 25 | $1.5B | $414.4M | ||
| Q1 25 | $1.4B | $420.8M | ||
| Q4 24 | $1.4B | $427.8M | ||
| Q3 24 | $1.4B | $332.6M | ||
| Q2 24 | $1.4B | $331.5M |
| Q1 26 | $12.3B | — | ||
| Q4 25 | $12.3B | $928.1M | ||
| Q3 25 | $12.3B | $932.1M | ||
| Q2 25 | $12.2B | $916.0M | ||
| Q1 25 | $11.8B | $918.0M | ||
| Q4 24 | $11.6B | $936.5M | ||
| Q3 24 | $12.0B | $749.2M | ||
| Q2 24 | $11.6B | $692.9M |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | 0.58× | ||
| Q3 25 | 0.17× | 0.61× | ||
| Q2 25 | 0.17× | 0.59× | ||
| Q1 25 | 0.18× | 0.60× | ||
| Q4 24 | 0.19× | 0.60× | ||
| Q3 24 | 0.10× | 0.40× | ||
| Q2 24 | 0.10× | 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 | $187.5M | $15.1M | ||
| Q3 25 | $49.5M | $28.6M | ||
| Q2 25 | $30.4M | $14.4M | ||
| Q1 25 | $55.9M | $-4.4M | ||
| Q4 24 | $129.5M | $19.3M | ||
| Q3 24 | $53.6M | $28.5M | ||
| Q2 24 | $22.7M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | $171.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $113.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 124.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 94.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | 1.27× | ||
| Q3 25 | 1.20× | 2.34× | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 1.71× | — | ||
| Q4 24 | 3.61× | 2.29× | ||
| Q3 24 | 1.67× | 5.57× | ||
| Q2 24 | 0.61× | 2.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCF
Segment breakdown not available.
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
