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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and PagerDuty, Inc. (PD). 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 $124.5M, roughly 1.5× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 6.5%, a 123.3% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 4.7%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs 5.9%).

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.

PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.

PANL vs PD — Head-to-Head

Bigger by revenue
PANL
PANL
1.5× larger
PANL
$183.9M
$124.5M
PD
Growing faster (revenue YoY)
PANL
PANL
+20.2% gap
PANL
24.9%
4.7%
PD
Higher net margin
PD
PD
123.3% more per $
PD
129.7%
6.5%
PANL
Faster 2-yr revenue CAGR
PANL
PANL
Annualised
PANL
32.5%
5.9%
PD

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
PANL
PANL
PD
PD
Revenue
$183.9M
$124.5M
Net Profit
$11.9M
$161.6M
Gross Margin
85.3%
Operating Margin
9.5%
6.5%
Net Margin
6.5%
129.7%
Revenue YoY
24.9%
4.7%
Net Profit YoY
40.9%
2827.7%
EPS (diluted)
$0.18
$1.69

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.

Revenue
PANL
PANL
PD
PD
Q4 25
$183.9M
$124.5M
Q3 25
$168.7M
$123.4M
Q2 25
$156.7M
$119.8M
Q1 25
$122.8M
$121.4M
Q4 24
$147.2M
$118.9M
Q3 24
$153.1M
$115.9M
Q2 24
$131.5M
$111.2M
Q1 24
$104.7M
$111.1M
Net Profit
PANL
PANL
PD
PD
Q4 25
$11.9M
$161.6M
Q3 25
$12.2M
$9.6M
Q2 25
$-2.7M
$-7.2M
Q1 25
$-2.0M
$-8.8M
Q4 24
$8.4M
$-5.9M
Q3 24
$5.1M
$-10.9M
Q2 24
$3.7M
$-17.1M
Q1 24
$11.7M
$-28.2M
Gross Margin
PANL
PANL
PD
PD
Q4 25
85.3%
Q3 25
84.6%
Q2 25
84.0%
Q1 25
83.6%
Q4 24
83.0%
Q3 24
82.7%
Q2 24
82.6%
Q1 24
81.7%
Operating Margin
PANL
PANL
PD
PD
Q4 25
9.5%
6.5%
Q3 25
10.0%
2.9%
Q2 25
2.3%
-8.6%
Q1 25
2.4%
-9.6%
Q4 24
10.1%
-8.7%
Q3 24
9.8%
-13.8%
Q2 24
5.8%
-19.5%
Q1 24
10.5%
-30.1%
Net Margin
PANL
PANL
PD
PD
Q4 25
6.5%
129.7%
Q3 25
7.2%
7.8%
Q2 25
-1.8%
-6.0%
Q1 25
-1.6%
-7.2%
Q4 24
5.7%
-5.0%
Q3 24
3.3%
-9.4%
Q2 24
2.8%
-15.4%
Q1 24
11.1%
-25.3%
EPS (diluted)
PANL
PANL
PD
PD
Q4 25
$0.18
$1.69
Q3 25
$0.19
$0.10
Q2 25
$-0.04
$-0.07
Q1 25
$-0.03
$-0.12
Q4 24
$0.19
$-0.07
Q3 24
$0.11
$-0.14
Q2 24
$0.08
$-0.26
Q1 24
$0.25
$-0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PANL
PANL
PD
PD
Cash + ST InvestmentsLiquidity on hand
$103.1M
$547.8M
Total DebtLower is stronger
$249.6M
Stockholders' EquityBook value
$429.3M
$320.5M
Total Assets
$928.1M
$1.0B
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PANL
PANL
PD
PD
Q4 25
$103.1M
$547.8M
Q3 25
$94.0M
$567.9M
Q2 25
$59.3M
$597.1M
Q1 25
$63.9M
$570.8M
Q4 24
$86.8M
$542.2M
Q3 24
$93.1M
$599.3M
Q2 24
$77.9M
$592.8M
Q1 24
$95.9M
$571.2M
Total Debt
PANL
PANL
PD
PD
Q4 25
$249.6M
Q3 25
$256.2M
Q2 25
$244.7M
Q1 25
$251.0M
$484.5M
Q4 24
$257.2M
Q3 24
$133.6M
Q2 24
$90.5M
Q1 24
$95.9M
$489.5M
Stockholders' Equity
PANL
PANL
PD
PD
Q4 25
$429.3M
$320.5M
Q3 25
$420.3M
$180.7M
Q2 25
$414.4M
$145.7M
Q1 25
$420.8M
$129.8M
Q4 24
$427.8M
$111.6M
Q3 24
$332.6M
$164.7M
Q2 24
$331.5M
$174.0M
Q1 24
$332.0M
$171.6M
Total Assets
PANL
PANL
PD
PD
Q4 25
$928.1M
$1.0B
Q3 25
$932.1M
$891.5M
Q2 25
$916.0M
$926.8M
Q1 25
$918.0M
$927.3M
Q4 24
$936.5M
$866.8M
Q3 24
$749.2M
$916.0M
Q2 24
$692.9M
$924.0M
Q1 24
$703.3M
$925.3M
Debt / Equity
PANL
PANL
PD
PD
Q4 25
0.58×
Q3 25
0.61×
Q2 25
0.59×
Q1 25
0.60×
3.73×
Q4 24
0.60×
Q3 24
0.40×
Q2 24
0.27×
Q1 24
0.29×
2.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PANL
PANL
PD
PD
Operating Cash FlowLast quarter
$15.1M
$24.8M
Free Cash FlowOCF − Capex
$24.1M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
1.27×
0.15×
TTM Free Cash FlowTrailing 4 quarters
$117.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PANL
PANL
PD
PD
Q4 25
$15.1M
$24.8M
Q3 25
$28.6M
$34.0M
Q2 25
$14.4M
$30.7M
Q1 25
$-4.4M
$31.4M
Q4 24
$19.3M
$22.1M
Q3 24
$28.5M
$35.8M
Q2 24
$9.0M
$28.6M
Q1 24
$9.0M
$22.2M
Free Cash Flow
PANL
PANL
PD
PD
Q4 25
$24.1M
Q3 25
$33.1M
Q2 25
$30.2M
Q1 25
$30.3M
Q4 24
$21.5M
Q3 24
$35.1M
Q2 24
$28.2M
Q1 24
$21.2M
FCF Margin
PANL
PANL
PD
PD
Q4 25
19.3%
Q3 25
26.8%
Q2 25
25.2%
Q1 25
24.9%
Q4 24
18.1%
Q3 24
30.3%
Q2 24
25.4%
Q1 24
19.1%
Capex Intensity
PANL
PANL
PD
PD
Q4 25
0.6%
Q3 25
0.7%
Q2 25
0.4%
Q1 25
0.9%
Q4 24
0.5%
Q3 24
0.5%
Q2 24
0.4%
Q1 24
0.9%
Cash Conversion
PANL
PANL
PD
PD
Q4 25
1.27×
0.15×
Q3 25
2.34×
3.55×
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

PANL
PANL

Voyage$166.3M90%
Charter$13.1M7%
Terminal Stevedore Revenue$4.4M2%

PD
PD

US$88.8M71%
Non Us$35.7M29%

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