vs
Side-by-side financial comparison of PAMT CORP (PAMT) and P10, Inc. (PX). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $81.0M, roughly 1.7× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs -20.7%, a 32.4% gap on every dollar of revenue. On growth, P10, Inc. posted the faster year-over-year revenue change (-4.7% vs -15.1%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $-25.0M). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% CAGR vs -12.0%).
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
PAMT vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $81.0M |
| Net Profit | $-29.3M | $9.5M |
| Gross Margin | — | — |
| Operating Margin | -27.0% | 31.9% |
| Net Margin | -20.7% | 11.7% |
| Revenue YoY | -15.1% | -4.7% |
| Net Profit YoY | 7.4% | 79.0% |
| EPS (diluted) | $-1.38 | $0.08 |
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 | $141.3M | $81.0M | ||
| Q3 25 | $150.3M | $75.9M | ||
| Q2 25 | $151.1M | $72.7M | ||
| Q1 25 | $155.3M | $67.7M | ||
| Q4 24 | $166.5M | $85.0M | ||
| Q3 24 | $182.6M | $74.2M | ||
| Q2 24 | $182.9M | $71.1M | ||
| Q1 24 | $182.6M | $66.1M |
| Q4 25 | $-29.3M | $9.5M | ||
| Q3 25 | $-5.6M | $2.1M | ||
| Q2 25 | $-9.6M | $3.4M | ||
| Q1 25 | $-8.1M | $4.5M | ||
| Q4 24 | $-31.6M | $5.3M | ||
| Q3 24 | $2.4M | $1.4M | ||
| Q2 24 | $-2.9M | $7.0M | ||
| Q1 24 | $281.0K | $5.0M |
| Q4 25 | -27.0% | 31.9% | ||
| Q3 25 | -3.8% | 14.1% | ||
| Q2 25 | -7.3% | 24.4% | ||
| Q1 25 | -5.9% | 16.6% | ||
| Q4 24 | -22.6% | 26.9% | ||
| Q3 24 | 1.3% | 11.9% | ||
| Q2 24 | -0.4% | 23.7% | ||
| Q1 24 | -0.4% | 18.3% |
| Q4 25 | -20.7% | 11.7% | ||
| Q3 25 | -3.7% | 2.8% | ||
| Q2 25 | -6.4% | 4.7% | ||
| Q1 25 | -5.2% | 6.7% | ||
| Q4 24 | -19.0% | 6.2% | ||
| Q3 24 | 1.3% | 1.9% | ||
| Q2 24 | -1.6% | 9.8% | ||
| Q1 24 | 0.2% | 7.6% |
| Q4 25 | $-1.38 | $0.08 | ||
| Q3 25 | $-0.27 | $0.02 | ||
| Q2 25 | $-0.46 | $0.03 | ||
| Q1 25 | $-0.37 | $0.04 | ||
| Q4 24 | $-1.44 | $0.05 | ||
| Q3 24 | $0.11 | $0.01 | ||
| Q2 24 | $-0.13 | $0.06 | ||
| Q1 24 | $0.01 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $83.7M | $28.2M |
| Total DebtLower is stronger | $333.9M | $373.2M |
| Stockholders' EquityBook value | $210.5M | $403.5M |
| Total Assets | $697.9M | $928.3M |
| Debt / EquityLower = less leverage | 1.59× | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.7M | $28.2M | ||
| Q3 25 | $115.6M | $40.0M | ||
| Q2 25 | $117.3M | $33.4M | ||
| Q1 25 | $102.7M | $74.4M | ||
| Q4 24 | $110.7M | $67.5M | ||
| Q3 24 | $92.3M | $61.5M | ||
| Q2 24 | $114.0M | $31.2M | ||
| Q1 24 | $125.8M | $29.0M |
| Q4 25 | $333.9M | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | $325.6M | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | — | $314.0M |
| Q4 25 | $210.5M | $403.5M | ||
| Q3 25 | $239.5M | $396.8M | ||
| Q2 25 | $244.9M | $388.9M | ||
| Q1 25 | $269.6M | $374.3M | ||
| Q4 24 | $277.5M | $386.9M | ||
| Q3 24 | $308.9M | $394.1M | ||
| Q2 24 | $306.7M | $396.9M | ||
| Q1 24 | $314.6M | $400.1M |
| Q4 25 | $697.9M | $928.3M | ||
| Q3 25 | $715.2M | $936.0M | ||
| Q2 25 | $707.9M | $932.2M | ||
| Q1 25 | $712.6M | $877.4M | ||
| Q4 24 | $741.7M | $869.3M | ||
| Q3 24 | $756.7M | $857.0M | ||
| Q2 24 | $733.5M | $823.2M | ||
| Q1 24 | $746.4M | $832.8M |
| Q4 25 | 1.59× | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | 1.17× | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
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 | $-5.8M | $23.0M |
| Free Cash FlowOCF − Capex | $-25.0M | $18.1M |
| FCF MarginFCF / Revenue | -17.7% | 22.3% |
| Capex IntensityCapex / Revenue | 13.6% | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.4M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $23.0M | ||
| Q3 25 | $5.9M | $-8.6M | ||
| Q2 25 | $12.2M | $13.4M | ||
| Q1 25 | $5.0M | $-4.7M | ||
| Q4 24 | $15.2M | $101.0M | ||
| Q3 24 | $15.5M | $27.5M | ||
| Q2 24 | $18.7M | $34.8M | ||
| Q1 24 | $9.6M | $11.0M |
| Q4 25 | $-25.0M | $18.1M | ||
| Q3 25 | $2.5M | $-9.5M | ||
| Q2 25 | $5.9M | $11.6M | ||
| Q1 25 | $-6.8M | $-6.0M | ||
| Q4 24 | $-39.9M | $96.6M | ||
| Q3 24 | $-33.6M | $25.2M | ||
| Q2 24 | $4.1M | $33.9M | ||
| Q1 24 | $-12.2M | $10.7M |
| Q4 25 | -17.7% | 22.3% | ||
| Q3 25 | 1.7% | -12.6% | ||
| Q2 25 | 3.9% | 15.9% | ||
| Q1 25 | -4.4% | -8.9% | ||
| Q4 24 | -24.0% | 113.6% | ||
| Q3 24 | -18.4% | 34.0% | ||
| Q2 24 | 2.2% | 47.7% | ||
| Q1 24 | -6.7% | 16.2% |
| Q4 25 | 13.6% | 6.0% | ||
| Q3 25 | 2.3% | 1.2% | ||
| Q2 25 | 4.2% | 2.5% | ||
| Q1 25 | 7.6% | 1.9% | ||
| Q4 24 | 33.1% | 5.2% | ||
| Q3 24 | 26.9% | 3.0% | ||
| Q2 24 | 8.0% | 1.3% | ||
| Q1 24 | 12.0% | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | -4.01× | ||
| Q2 25 | — | 3.96× | ||
| Q1 25 | — | -1.05× | ||
| Q4 24 | — | 19.12× | ||
| Q3 24 | 6.44× | 19.54× | ||
| Q2 24 | — | 4.98× | ||
| Q1 24 | 34.11× | 2.18× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
