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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and Resolute Holdings Management, Inc. (RHLD). 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 $117.7M, roughly 1.6× Resolute Holdings Management, Inc.). Pangaea Logistics Solutions Ltd. runs the higher net margin — 6.5% vs -1.5%, a 7.9% gap on every dollar of revenue.

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.

Resolute Mining Limited is an Australian mining corporation focused on mining operations in Africa. It is currently operating two gold mines: the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal.

PANL vs RHLD — Head-to-Head

Bigger by revenue
PANL
PANL
1.6× larger
PANL
$183.9M
$117.7M
RHLD
Higher net margin
PANL
PANL
7.9% more per $
PANL
6.5%
-1.5%
RHLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PANL
PANL
RHLD
RHLD
Revenue
$183.9M
$117.7M
Net Profit
$11.9M
$-1.7M
Gross Margin
55.7%
Operating Margin
9.5%
30.2%
Net Margin
6.5%
-1.5%
Revenue YoY
24.9%
Net Profit YoY
40.9%
EPS (diluted)
$0.18
$-0.20

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
RHLD
RHLD
Q4 25
$183.9M
$117.7M
Q3 25
$168.7M
$120.9M
Q2 25
$156.7M
$119.6M
Q1 25
$122.8M
$103.9M
Q4 24
$147.2M
Q3 24
$153.1M
Q2 24
$131.5M
Q1 24
$104.7M
Net Profit
PANL
PANL
RHLD
RHLD
Q4 25
$11.9M
$-1.7M
Q3 25
$12.2M
$-231.0K
Q2 25
$-2.7M
$-611.0K
Q1 25
$-2.0M
$-3.4M
Q4 24
$8.4M
Q3 24
$5.1M
Q2 24
$3.7M
Q1 24
$11.7M
Gross Margin
PANL
PANL
RHLD
RHLD
Q4 25
55.7%
Q3 25
59.0%
Q2 25
57.5%
Q1 25
52.5%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
PANL
PANL
RHLD
RHLD
Q4 25
9.5%
30.2%
Q3 25
10.0%
34.3%
Q2 25
2.3%
34.0%
Q1 25
2.4%
24.7%
Q4 24
10.1%
Q3 24
9.8%
Q2 24
5.8%
Q1 24
10.5%
Net Margin
PANL
PANL
RHLD
RHLD
Q4 25
6.5%
-1.5%
Q3 25
7.2%
-0.2%
Q2 25
-1.8%
-0.5%
Q1 25
-1.6%
-3.2%
Q4 24
5.7%
Q3 24
3.3%
Q2 24
2.8%
Q1 24
11.1%
EPS (diluted)
PANL
PANL
RHLD
RHLD
Q4 25
$0.18
$-0.20
Q3 25
$0.19
$-0.03
Q2 25
$-0.04
$-0.07
Q1 25
$-0.03
$-0.39
Q4 24
$0.19
Q3 24
$0.11
Q2 24
$0.08
Q1 24
$0.25

Balance Sheet & Financial Strength

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

Metric
PANL
PANL
RHLD
RHLD
Cash + ST InvestmentsLiquidity on hand
$103.1M
$205.5M
Total DebtLower is stronger
$249.6M
$169.8M
Stockholders' EquityBook value
$429.3M
$6.5M
Total Assets
$928.1M
$333.4M
Debt / EquityLower = less leverage
0.58×
26.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PANL
PANL
RHLD
RHLD
Q4 25
$103.1M
$205.5M
Q3 25
$94.0M
$148.0M
Q2 25
$59.3M
$99.9M
Q1 25
$63.9M
$71.0M
Q4 24
$86.8M
Q3 24
$93.1M
Q2 24
$77.9M
Q1 24
$95.9M
Total Debt
PANL
PANL
RHLD
RHLD
Q4 25
$249.6M
$169.8M
Q3 25
$256.2M
$173.4M
Q2 25
$244.7M
$177.1M
Q1 25
$251.0M
$180.7M
Q4 24
$257.2M
Q3 24
$133.6M
Q2 24
$90.5M
Q1 24
$95.9M
Stockholders' Equity
PANL
PANL
RHLD
RHLD
Q4 25
$429.3M
$6.5M
Q3 25
$420.3M
$10.8M
Q2 25
$414.4M
$9.6M
Q1 25
$420.8M
$8.9M
Q4 24
$427.8M
Q3 24
$332.6M
Q2 24
$331.5M
Q1 24
$332.0M
Total Assets
PANL
PANL
RHLD
RHLD
Q4 25
$928.1M
$333.4M
Q3 25
$932.1M
$293.2M
Q2 25
$916.0M
$253.3M
Q1 25
$918.0M
$214.3M
Q4 24
$936.5M
Q3 24
$749.2M
Q2 24
$692.9M
Q1 24
$703.3M
Debt / Equity
PANL
PANL
RHLD
RHLD
Q4 25
0.58×
26.03×
Q3 25
0.61×
16.01×
Q2 25
0.59×
18.42×
Q1 25
0.60×
20.38×
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
PANL
PANL
RHLD
RHLD
Operating Cash FlowLast quarter
$15.1M
$196.1M
Free Cash FlowOCF − Capex
$189.2M
FCF MarginFCF / Revenue
160.8%
Capex IntensityCapex / Revenue
5.8%
Cash ConversionOCF / Net Profit
1.27×
TTM Free Cash FlowTrailing 4 quarters
$313.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PANL
PANL
RHLD
RHLD
Q4 25
$15.1M
$196.1M
Q3 25
$28.6M
$59.6M
Q2 25
$14.4M
$48.9M
Q1 25
$-4.4M
$18.4M
Q4 24
$19.3M
Q3 24
$28.5M
Q2 24
$9.0M
Q1 24
$9.0M
Free Cash Flow
PANL
PANL
RHLD
RHLD
Q4 25
$189.2M
Q3 25
$58.6M
Q2 25
$47.5M
Q1 25
$17.8M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
PANL
PANL
RHLD
RHLD
Q4 25
160.8%
Q3 25
48.5%
Q2 25
39.7%
Q1 25
17.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
PANL
PANL
RHLD
RHLD
Q4 25
5.8%
Q3 25
0.8%
Q2 25
1.2%
Q1 25
0.6%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
PANL
PANL
RHLD
RHLD
Q4 25
1.27×
Q3 25
2.34×
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%

RHLD
RHLD

Segment breakdown not available.

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