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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $183.9M, roughly 1.2× Pangaea Logistics Solutions Ltd.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 6.5%, a 12.3% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 8.6%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs 11.1%).
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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
PANL vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.9M | $212.2M |
| Net Profit | $11.9M | $39.9M |
| Gross Margin | — | 71.9% |
| Operating Margin | 9.5% | 18.6% |
| Net Margin | 6.5% | 18.8% |
| Revenue YoY | 24.9% | 8.6% |
| Net Profit YoY | 40.9% | 255.7% |
| EPS (diluted) | $0.18 | $0.62 |
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 | $212.2M | ||
| Q3 25 | $168.7M | $199.8M | ||
| Q2 25 | $156.7M | $194.8M | ||
| Q1 25 | $122.8M | $188.7M | ||
| Q4 24 | $147.2M | $195.4M | ||
| Q3 24 | $153.1M | $185.5M | ||
| Q2 24 | $131.5M | $176.0M | ||
| Q1 24 | $104.7M | $171.9M |
| Q4 25 | $11.9M | $39.9M | ||
| Q3 25 | $12.2M | $27.4M | ||
| Q2 25 | $-2.7M | $7.7M | ||
| Q1 25 | $-2.0M | $-6.3M | ||
| Q4 24 | $8.4M | $11.2M | ||
| Q3 24 | $5.1M | $1.7M | ||
| Q2 24 | $3.7M | $-7.5M | ||
| Q1 24 | $11.7M | $-5.4M |
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
| Q4 25 | 9.5% | 18.6% | ||
| Q3 25 | 10.0% | 10.7% | ||
| Q2 25 | 2.3% | 3.7% | ||
| Q1 25 | 2.4% | -6.1% | ||
| Q4 24 | 10.1% | 7.5% | ||
| Q3 24 | 9.8% | 4.0% | ||
| Q2 24 | 5.8% | -3.0% | ||
| Q1 24 | 10.5% | -8.3% |
| Q4 25 | 6.5% | 18.8% | ||
| Q3 25 | 7.2% | 13.7% | ||
| Q2 25 | -1.8% | 4.0% | ||
| Q1 25 | -1.6% | -3.3% | ||
| Q4 24 | 5.7% | 5.7% | ||
| Q3 24 | 3.3% | 0.9% | ||
| Q2 24 | 2.8% | -4.3% | ||
| Q1 24 | 11.1% | -3.1% |
| Q4 25 | $0.18 | $0.62 | ||
| Q3 25 | $0.19 | $0.42 | ||
| Q2 25 | $-0.04 | $0.12 | ||
| Q1 25 | $-0.03 | $-0.10 | ||
| Q4 24 | $0.19 | $0.17 | ||
| Q3 24 | $0.11 | $0.03 | ||
| Q2 24 | $0.08 | $-0.11 | ||
| Q1 24 | $0.25 | $-0.09 |
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 | $403.4M |
| Total DebtLower is stronger | $249.6M | — |
| Stockholders' EquityBook value | $429.3M | $962.3M |
| Total Assets | $928.1M | $1.3B |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.1M | $403.4M | ||
| Q3 25 | $94.0M | $376.9M | ||
| Q2 25 | $59.3M | $371.1M | ||
| Q1 25 | $63.9M | $420.8M | ||
| Q4 24 | $86.8M | $384.3M | ||
| Q3 24 | $93.1M | $348.4M | ||
| Q2 24 | $77.9M | $342.7M | ||
| Q1 24 | $95.9M | $368.9M |
| 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 | $962.3M | ||
| Q3 25 | $420.3M | $943.8M | ||
| Q2 25 | $414.4M | $947.8M | ||
| Q1 25 | $420.8M | $948.9M | ||
| Q4 24 | $427.8M | $957.7M | ||
| Q3 24 | $332.6M | $932.1M | ||
| Q2 24 | $331.5M | $951.9M | ||
| Q1 24 | $332.0M | $949.1M |
| Q4 25 | $928.1M | $1.3B | ||
| Q3 25 | $932.1M | $1.2B | ||
| Q2 25 | $916.0M | $1.2B | ||
| Q1 25 | $918.0M | $1.3B | ||
| Q4 24 | $936.5M | $1.3B | ||
| Q3 24 | $749.2M | $1.2B | ||
| Q2 24 | $692.9M | $1.2B | ||
| Q1 24 | $703.3M | $1.2B |
| 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 1.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.1M | — | ||
| Q3 25 | $28.6M | $57.4M | ||
| Q2 25 | $14.4M | $-15.8M | ||
| Q1 25 | $-4.4M | — | ||
| Q4 24 | $19.3M | $45.1M | ||
| Q3 24 | $28.5M | $55.6M | ||
| Q2 24 | $9.0M | $-9.3M | ||
| Q1 24 | $9.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $56.8M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | — | $55.4M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | -8.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.34× | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.29× | 4.02× | ||
| Q3 24 | 5.57× | 32.10× | ||
| 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
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
RAMP
Segment breakdown not available.
