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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and Purple Innovation, Inc. (PRPL). 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 $140.7M, roughly 1.3× Purple Innovation, Inc.). Pangaea Logistics Solutions Ltd. runs the higher net margin — 6.5% vs -2.3%, a 8.7% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 9.1%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
PANL vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.9M | $140.7M |
| Net Profit | $11.9M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 9.5% | -1.6% |
| Net Margin | 6.5% | -2.3% |
| Revenue YoY | 24.9% | 9.1% |
| Net Profit YoY | 40.9% | 62.1% |
| EPS (diluted) | $0.18 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $168.7M | $118.8M | ||
| Q2 25 | $156.7M | $105.1M | ||
| Q1 25 | $122.8M | $104.2M | ||
| Q4 24 | $147.2M | $129.0M | ||
| Q3 24 | $153.1M | $118.6M | ||
| Q2 24 | $131.5M | $120.3M | ||
| Q1 24 | $104.7M | $120.0M |
| Q4 25 | $11.9M | $-3.2M | ||
| Q3 25 | $12.2M | $-11.7M | ||
| Q2 25 | $-2.7M | $-17.3M | ||
| Q1 25 | $-2.0M | $-19.1M | ||
| Q4 24 | $8.4M | $-8.5M | ||
| Q3 24 | $5.1M | $-39.2M | ||
| Q2 24 | $3.7M | $27.0K | ||
| Q1 24 | $11.7M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | 9.5% | -1.6% | ||
| Q3 25 | 10.0% | -10.2% | ||
| Q2 25 | 2.3% | -13.5% | ||
| Q1 25 | 2.4% | -13.9% | ||
| Q4 24 | 10.1% | -6.0% | ||
| Q3 24 | 9.8% | -39.5% | ||
| Q2 24 | 5.8% | -12.1% | ||
| Q1 24 | 10.5% | -19.3% |
| Q4 25 | 6.5% | -2.3% | ||
| Q3 25 | 7.2% | -9.9% | ||
| Q2 25 | -1.8% | -16.5% | ||
| Q1 25 | -1.6% | -18.4% | ||
| Q4 24 | 5.7% | -6.6% | ||
| Q3 24 | 3.3% | -33.1% | ||
| Q2 24 | 2.8% | 0.0% | ||
| Q1 24 | 11.1% | -41.8% |
| Q4 25 | $0.18 | $0.03 | ||
| Q3 25 | $0.19 | $0.11 | ||
| Q2 25 | $-0.04 | $0.16 | ||
| Q1 25 | $-0.03 | $0.18 | ||
| Q4 24 | $0.19 | $0.08 | ||
| Q3 24 | $0.11 | $0.36 | ||
| Q2 24 | $0.08 | $0.00 | ||
| Q1 24 | $0.25 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $249.6M | $126.7M |
| Stockholders' EquityBook value | $429.3M | $-29.7M |
| Total Assets | $928.1M | $296.3M |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.1M | $24.3M | ||
| Q3 25 | $94.0M | $32.4M | ||
| Q2 25 | $59.3M | $34.2M | ||
| Q1 25 | $63.9M | $21.6M | ||
| Q4 24 | $86.8M | $29.0M | ||
| Q3 24 | $93.1M | $23.4M | ||
| Q2 24 | $77.9M | $23.4M | ||
| Q1 24 | $95.9M | $34.5M |
| Q4 25 | $249.6M | $126.7M | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $244.7M | — | ||
| Q1 25 | $251.0M | — | ||
| Q4 24 | $257.2M | $70.7M | ||
| Q3 24 | $133.6M | $50.8M | ||
| Q2 24 | $90.5M | — | ||
| Q1 24 | $95.9M | — |
| Q4 25 | $429.3M | $-29.7M | ||
| Q3 25 | $420.3M | $-26.9M | ||
| Q2 25 | $414.4M | $-15.6M | ||
| Q1 25 | $420.8M | $1.3M | ||
| Q4 24 | $427.8M | $20.2M | ||
| Q3 24 | $332.6M | $28.0M | ||
| Q2 24 | $331.5M | $66.4M | ||
| Q1 24 | $332.0M | $65.5M |
| Q4 25 | $928.1M | $296.3M | ||
| Q3 25 | $932.1M | $302.1M | ||
| Q2 25 | $916.0M | $303.8M | ||
| Q1 25 | $918.0M | $293.8M | ||
| Q4 24 | $936.5M | $307.8M | ||
| Q3 24 | $749.2M | $309.3M | ||
| Q2 24 | $692.9M | $362.1M | ||
| Q1 24 | $703.3M | $382.1M |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.60× | 3.50× | ||
| Q3 24 | 0.40× | 1.82× | ||
| 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 | $15.1M | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 1.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.1M | $-5.8M | ||
| Q3 25 | $28.6M | $-968.0K | ||
| Q2 25 | $14.4M | $-4.0M | ||
| Q1 25 | $-4.4M | $-23.1M | ||
| Q4 24 | $19.3M | $6.8M | ||
| Q3 24 | $28.5M | $1.1M | ||
| Q2 24 | $9.0M | $-8.9M | ||
| Q1 24 | $9.0M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M | ||
| Q1 24 | — | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% | ||
| Q1 24 | — | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | 5.57× | — | ||
| Q2 24 | 2.43× | -330.22× | ||
| Q1 24 | 0.77× | — |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
