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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $183.9M, roughly 1.1× Pangaea Logistics Solutions Ltd.). PHOTRONICS INC runs the higher net margin — 10.9% vs 6.5%, a 4.4% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs -5.5%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs -3.8%).
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.
Photronics, Inc. is an American semiconductor photomask manufacturer. It was the third largest photomask supplier globally as of 2009. Photronics is a member of the eBeam Initiative.
PANL vs PLAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.9M | $210.4M |
| Net Profit | $11.9M | $22.9M |
| Gross Margin | — | 33.7% |
| Operating Margin | 9.5% | 22.9% |
| Net Margin | 6.5% | 10.9% |
| Revenue YoY | 24.9% | -5.5% |
| Net Profit YoY | 40.9% | -32.4% |
| EPS (diluted) | $0.18 | $0.39 |
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 | $210.4M | ||
| Q2 25 | $156.7M | $211.0M | ||
| Q1 25 | $122.8M | $212.1M | ||
| Q4 24 | $147.2M | $222.6M | ||
| Q3 24 | $153.1M | $211.0M | ||
| Q2 24 | $131.5M | $217.0M | ||
| Q1 24 | $104.7M | $216.3M |
| Q4 25 | $11.9M | — | ||
| Q3 25 | $12.2M | $22.9M | ||
| Q2 25 | $-2.7M | $8.9M | ||
| Q1 25 | $-2.0M | $42.9M | ||
| Q4 24 | $8.4M | $33.9M | ||
| Q3 24 | $5.1M | $34.4M | ||
| Q2 24 | $3.7M | $36.3M | ||
| Q1 24 | $11.7M | $26.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 36.6% |
| Q4 25 | 9.5% | — | ||
| Q3 25 | 10.0% | 22.9% | ||
| Q2 25 | 2.3% | 26.4% | ||
| Q1 25 | 2.4% | 24.6% | ||
| Q4 24 | 10.1% | 25.1% | ||
| Q3 24 | 9.8% | 24.7% | ||
| Q2 24 | 5.8% | 25.8% | ||
| Q1 24 | 10.5% | 26.6% |
| Q4 25 | 6.5% | — | ||
| Q3 25 | 7.2% | 10.9% | ||
| Q2 25 | -1.8% | 4.2% | ||
| Q1 25 | -1.6% | 20.2% | ||
| Q4 24 | 5.7% | 15.2% | ||
| Q3 24 | 3.3% | 16.3% | ||
| Q2 24 | 2.8% | 16.7% | ||
| Q1 24 | 11.1% | 12.1% |
| Q4 25 | $0.18 | — | ||
| Q3 25 | $0.19 | $0.39 | ||
| Q2 25 | $-0.04 | $0.15 | ||
| Q1 25 | $-0.03 | $0.68 | ||
| Q4 24 | $0.19 | $0.54 | ||
| Q3 24 | $0.11 | $0.55 | ||
| Q2 24 | $0.08 | $0.58 | ||
| Q1 24 | $0.25 | $0.42 |
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 | $575.8M |
| Total DebtLower is stronger | $249.6M | $16.0K |
| Stockholders' EquityBook value | $429.3M | $1.1B |
| Total Assets | $928.1M | $1.8B |
| Debt / EquityLower = less leverage | 0.58× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.1M | — | ||
| Q3 25 | $94.0M | $575.8M | ||
| Q2 25 | $59.3M | $558.4M | ||
| Q1 25 | $63.9M | $642.2M | ||
| Q4 24 | $86.8M | $640.7M | ||
| Q3 24 | $93.1M | $606.4M | ||
| Q2 24 | $77.9M | $559.9M | ||
| Q1 24 | $95.9M | $521.5M |
| Q4 25 | $249.6M | — | ||
| Q3 25 | $256.2M | $16.0K | ||
| Q2 25 | $244.7M | $19.0K | ||
| Q1 25 | $251.0M | $21.0K | ||
| Q4 24 | $257.2M | $25.0K | ||
| Q3 24 | $133.6M | $28.0K | ||
| Q2 24 | $90.5M | $2.5M | ||
| Q1 24 | $95.9M | $2.7M |
| Q4 25 | $429.3M | — | ||
| Q3 25 | $420.3M | $1.1B | ||
| Q2 25 | $414.4M | $1.1B | ||
| Q1 25 | $420.8M | $1.1B | ||
| Q4 24 | $427.8M | $1.1B | ||
| Q3 24 | $332.6M | $1.1B | ||
| Q2 24 | $331.5M | $1.0B | ||
| Q1 24 | $332.0M | $1.0B |
| Q4 25 | $928.1M | — | ||
| Q3 25 | $932.1M | $1.8B | ||
| Q2 25 | $916.0M | $1.7B | ||
| Q1 25 | $918.0M | $1.7B | ||
| Q4 24 | $936.5M | $1.7B | ||
| Q3 24 | $749.2M | $1.6B | ||
| Q2 24 | $692.9M | $1.6B | ||
| Q1 24 | $703.3M | $1.6B |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.61× | 0.00× | ||
| Q2 25 | 0.59× | 0.00× | ||
| Q1 25 | 0.60× | 0.00× | ||
| Q4 24 | 0.60× | 0.00× | ||
| Q3 24 | 0.40× | 0.00× | ||
| Q2 24 | 0.27× | 0.00× | ||
| Q1 24 | 0.29× | 0.00× |
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 | $50.1M |
| Free Cash FlowOCF − Capex | — | $25.2M |
| FCF MarginFCF / Revenue | — | 12.0% |
| Capex IntensityCapex / Revenue | — | 11.8% |
| Cash ConversionOCF / Net Profit | 1.27× | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.1M | — | ||
| Q3 25 | $28.6M | $50.1M | ||
| Q2 25 | $14.4M | $31.5M | ||
| Q1 25 | $-4.4M | $78.5M | ||
| Q4 24 | $19.3M | $68.4M | ||
| Q3 24 | $28.5M | $75.1M | ||
| Q2 24 | $9.0M | $76.5M | ||
| Q1 24 | $9.0M | $41.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $25.2M | ||
| Q2 25 | — | $-29.1M | ||
| Q1 25 | — | $43.3M | ||
| Q4 24 | — | $25.2M | ||
| Q3 24 | — | $50.7M | ||
| Q2 24 | — | $56.5M | ||
| Q1 24 | — | $-1.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | -13.8% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 26.0% | ||
| Q1 24 | — | -0.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 20.0% |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.34× | 2.19× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | 2.29× | 2.02× | ||
| Q3 24 | 5.57× | 2.18× | ||
| Q2 24 | 2.43× | 2.11× | ||
| Q1 24 | 0.77× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
