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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and QUALYS, INC. (QLYS). 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 $175.3M, roughly 1.0× QUALYS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs 6.5%, a 23.9% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 10.1%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs 9.6%).
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.
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
PANL vs QLYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.9M | $175.3M |
| Net Profit | $11.9M | $53.1M |
| Gross Margin | — | 83.4% |
| Operating Margin | 9.5% | 33.6% |
| Net Margin | 6.5% | 30.3% |
| Revenue YoY | 24.9% | 10.1% |
| Net Profit YoY | 40.9% | 20.9% |
| EPS (diluted) | $0.18 | $1.47 |
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 | $175.3M | ||
| Q3 25 | $168.7M | $169.9M | ||
| Q2 25 | $156.7M | $164.1M | ||
| Q1 25 | $122.8M | $159.9M | ||
| Q4 24 | $147.2M | $159.2M | ||
| Q3 24 | $153.1M | $153.9M | ||
| Q2 24 | $131.5M | $148.7M | ||
| Q1 24 | $104.7M | $145.8M |
| Q4 25 | $11.9M | $53.1M | ||
| Q3 25 | $12.2M | $50.3M | ||
| Q2 25 | $-2.7M | $47.3M | ||
| Q1 25 | $-2.0M | $47.5M | ||
| Q4 24 | $8.4M | $44.0M | ||
| Q3 24 | $5.1M | $46.2M | ||
| Q2 24 | $3.7M | $43.8M | ||
| Q1 24 | $11.7M | $39.7M |
| Q4 25 | — | 83.4% | ||
| Q3 25 | — | 83.6% | ||
| Q2 25 | — | 82.4% | ||
| Q1 25 | — | 81.9% | ||
| Q4 24 | — | 81.8% | ||
| Q3 24 | — | 81.3% | ||
| Q2 24 | — | 82.2% | ||
| Q1 24 | — | 81.3% |
| Q4 25 | 9.5% | 33.6% | ||
| Q3 25 | 10.0% | 35.3% | ||
| Q2 25 | 2.3% | 31.3% | ||
| Q1 25 | 2.4% | 32.4% | ||
| Q4 24 | 10.1% | 31.0% | ||
| Q3 24 | 9.8% | 29.2% | ||
| Q2 24 | 5.8% | 32.3% | ||
| Q1 24 | 10.5% | 30.7% |
| Q4 25 | 6.5% | 30.3% | ||
| Q3 25 | 7.2% | 29.6% | ||
| Q2 25 | -1.8% | 28.8% | ||
| Q1 25 | -1.6% | 29.7% | ||
| Q4 24 | 5.7% | 27.6% | ||
| Q3 24 | 3.3% | 30.0% | ||
| Q2 24 | 2.8% | 29.4% | ||
| Q1 24 | 11.1% | 27.2% |
| Q4 25 | $0.18 | $1.47 | ||
| Q3 25 | $0.19 | $1.39 | ||
| Q2 25 | $-0.04 | $1.29 | ||
| Q1 25 | $-0.03 | $1.29 | ||
| Q4 24 | $0.19 | $1.19 | ||
| Q3 24 | $0.11 | $1.24 | ||
| Q2 24 | $0.08 | $1.17 | ||
| Q1 24 | $0.25 | $1.05 |
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 | $250.3M |
| Total DebtLower is stronger | $249.6M | — |
| Stockholders' EquityBook value | $429.3M | $561.2M |
| Total Assets | $928.1M | $1.1B |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.1M | $250.3M | ||
| Q3 25 | $94.0M | $225.3M | ||
| Q2 25 | $59.3M | $194.0M | ||
| Q1 25 | $63.9M | $290.7M | ||
| Q4 24 | $86.8M | $232.2M | ||
| Q3 24 | $93.1M | $235.4M | ||
| Q2 24 | $77.9M | $281.2M | ||
| Q1 24 | $95.9M | $273.8M |
| 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 | $429.3M | $561.2M | ||
| Q3 25 | $420.3M | $529.4M | ||
| Q2 25 | $414.4M | $508.2M | ||
| Q1 25 | $420.8M | $498.0M | ||
| Q4 24 | $427.8M | $477.1M | ||
| Q3 24 | $332.6M | $449.6M | ||
| Q2 24 | $331.5M | $427.8M | ||
| Q1 24 | $332.0M | $404.2M |
| Q4 25 | $928.1M | $1.1B | ||
| Q3 25 | $932.1M | $1.0B | ||
| Q2 25 | $916.0M | $999.5M | ||
| Q1 25 | $918.0M | $996.5M | ||
| Q4 24 | $936.5M | $973.5M | ||
| Q3 24 | $749.2M | $908.3M | ||
| Q2 24 | $692.9M | $876.6M | ||
| Q1 24 | $703.3M | $861.8M |
| 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 | $15.1M | $75.7M |
| Free Cash FlowOCF − Capex | — | $74.9M |
| FCF MarginFCF / Revenue | — | 42.8% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 1.27× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $304.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.1M | $75.7M | ||
| Q3 25 | $28.6M | $90.4M | ||
| Q2 25 | $14.4M | $33.8M | ||
| Q1 25 | $-4.4M | $109.6M | ||
| Q4 24 | $19.3M | $47.7M | ||
| Q3 24 | $28.5M | $61.0M | ||
| Q2 24 | $9.0M | $49.8M | ||
| Q1 24 | $9.0M | $85.5M |
| Q4 25 | — | $74.9M | ||
| Q3 25 | — | $89.5M | ||
| Q2 25 | — | $32.4M | ||
| Q1 25 | — | $107.5M | ||
| Q4 24 | — | $41.9M | ||
| Q3 24 | — | $57.6M | ||
| Q2 24 | — | $48.8M | ||
| Q1 24 | — | $83.5M |
| Q4 25 | — | 42.8% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 19.8% | ||
| Q1 25 | — | 67.3% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | — | 32.8% | ||
| Q1 24 | — | 57.2% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 1.27× | 1.42× | ||
| Q3 25 | 2.34× | 1.80× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | 2.29× | 1.09× | ||
| Q3 24 | 5.57× | 1.32× | ||
| Q2 24 | 2.43× | 1.14× | ||
| Q1 24 | 0.77× | 2.15× |
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% |
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
