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Side-by-side financial comparison of KILROY REALTY CORP (KRC) and Pangaea Logistics Solutions Ltd. (PANL). Click either name above to swap in a different company.
KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $183.9M, roughly 1.5× Pangaea Logistics Solutions Ltd.). Pangaea Logistics Solutions Ltd. runs the higher net margin — 6.5% vs 6.3%, a 0.2% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs -5.0%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs -1.2%).
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
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.
KRC vs PANL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $272.2M | $183.9M |
| Net Profit | $17.1M | $11.9M |
| Gross Margin | — | — |
| Operating Margin | — | 9.5% |
| Net Margin | 6.3% | 6.5% |
| Revenue YoY | -5.0% | 24.9% |
| Net Profit YoY | -73.7% | 40.9% |
| EPS (diluted) | $0.11 | $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 | $272.2M | $183.9M | ||
| Q3 25 | $279.7M | $168.7M | ||
| Q2 25 | $289.9M | $156.7M | ||
| Q1 25 | $270.8M | $122.8M | ||
| Q4 24 | $286.4M | $147.2M | ||
| Q3 24 | $289.9M | $153.1M | ||
| Q2 24 | $280.7M | $131.5M | ||
| Q1 24 | $278.6M | $104.7M |
| Q4 25 | $17.1M | $11.9M | ||
| Q3 25 | $162.3M | $12.2M | ||
| Q2 25 | $79.6M | $-2.7M | ||
| Q1 25 | $43.7M | $-2.0M | ||
| Q4 24 | $65.0M | $8.4M | ||
| Q3 24 | $57.7M | $5.1M | ||
| Q2 24 | $54.5M | $3.7M | ||
| Q1 24 | $55.7M | $11.7M |
| Q4 25 | — | 9.5% | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 9.8% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | 10.5% |
| Q4 25 | 6.3% | 6.5% | ||
| Q3 25 | 58.0% | 7.2% | ||
| Q2 25 | 27.4% | -1.8% | ||
| Q1 25 | 16.1% | -1.6% | ||
| Q4 24 | 22.7% | 5.7% | ||
| Q3 24 | 19.9% | 3.3% | ||
| Q2 24 | 19.4% | 2.8% | ||
| Q1 24 | 20.0% | 11.1% |
| Q4 25 | $0.11 | $0.18 | ||
| Q3 25 | $1.31 | $0.19 | ||
| Q2 25 | $0.57 | $-0.04 | ||
| Q1 25 | $0.33 | $-0.03 | ||
| Q4 24 | $0.50 | $0.19 | ||
| Q3 24 | $0.44 | $0.11 | ||
| Q2 24 | $0.41 | $0.08 | ||
| Q1 24 | $0.42 | $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 | $179.3M | $103.1M |
| Total DebtLower is stronger | — | $249.6M |
| Stockholders' EquityBook value | $5.4B | $429.3M |
| Total Assets | $10.9B | $928.1M |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $179.3M | $103.1M | ||
| Q3 25 | $372.4M | $94.0M | ||
| Q2 25 | $193.1M | $59.3M | ||
| Q1 25 | $146.7M | $63.9M | ||
| Q4 24 | $165.7M | $86.8M | ||
| Q3 24 | $625.4M | $93.1M | ||
| Q2 24 | $835.9M | $77.9M | ||
| Q1 24 | $855.0M | $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 | $5.4B | $429.3M | ||
| Q3 25 | $5.5B | $420.3M | ||
| Q2 25 | $5.4B | $414.4M | ||
| Q1 25 | $5.4B | $420.8M | ||
| Q4 24 | $5.4B | $427.8M | ||
| Q3 24 | $5.4B | $332.6M | ||
| Q2 24 | $5.4B | $331.5M | ||
| Q1 24 | $5.4B | $332.0M |
| Q4 25 | $10.9B | $928.1M | ||
| Q3 25 | $11.0B | $932.1M | ||
| Q2 25 | $10.9B | $916.0M | ||
| Q1 25 | $10.9B | $918.0M | ||
| Q4 24 | $10.9B | $936.5M | ||
| Q3 24 | $11.4B | $749.2M | ||
| Q2 24 | $11.5B | $692.9M | ||
| Q1 24 | $11.6B | $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 | $566.3M | $15.1M |
| Free Cash FlowOCF − Capex | $450.3M | — |
| FCF MarginFCF / Revenue | 165.4% | — |
| Capex IntensityCapex / Revenue | 42.6% | — |
| Cash ConversionOCF / Net Profit | 33.10× | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | $833.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $566.3M | $15.1M | ||
| Q3 25 | $176.6M | $28.6M | ||
| Q2 25 | $143.7M | $14.4M | ||
| Q1 25 | $136.9M | $-4.4M | ||
| Q4 24 | $541.1M | $19.3M | ||
| Q3 24 | $176.3M | $28.5M | ||
| Q2 24 | $88.7M | $9.0M | ||
| Q1 24 | $167.9M | $9.0M |
| Q4 25 | $450.3M | — | ||
| Q3 25 | $148.7M | — | ||
| Q2 25 | $118.4M | — | ||
| Q1 25 | $115.6M | — | ||
| Q4 24 | $440.8M | — | ||
| Q3 24 | $147.2M | — | ||
| Q2 24 | $69.5M | — | ||
| Q1 24 | $151.9M | — |
| Q4 25 | 165.4% | — | ||
| Q3 25 | 53.1% | — | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 42.7% | — | ||
| Q4 24 | 153.9% | — | ||
| Q3 24 | 50.8% | — | ||
| Q2 24 | 24.7% | — | ||
| Q1 24 | 54.5% | — |
| Q4 25 | 42.6% | — | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 35.0% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 6.8% | — | ||
| Q1 24 | 5.7% | — |
| Q4 25 | 33.10× | 1.27× | ||
| Q3 25 | 1.09× | 2.34× | ||
| Q2 25 | 1.81× | — | ||
| Q1 25 | 3.13× | — | ||
| Q4 24 | 8.32× | 2.29× | ||
| Q3 24 | 3.06× | 5.57× | ||
| Q2 24 | 1.63× | 2.43× | ||
| Q1 24 | 3.01× | 0.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KRC
Segment breakdown not available.
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
