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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $183.9M, roughly 1.0× Pangaea Logistics Solutions Ltd.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 6.5%, a 41.5% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs -21.9%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs -15.4%).
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.
PANL vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.9M | $188.3M |
| Net Profit | $11.9M | $90.3M |
| Gross Margin | — | 79.5% |
| Operating Margin | 9.5% | 32.3% |
| Net Margin | 6.5% | 47.9% |
| Revenue YoY | 24.9% | -21.9% |
| Net Profit YoY | 40.9% | 1710.8% |
| EPS (diluted) | $0.18 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $168.7M | $215.3M | ||
| Q2 25 | $156.7M | $188.2M | ||
| Q1 25 | $122.8M | $197.2M | ||
| Q4 24 | $147.2M | $241.0M | ||
| Q3 24 | $153.1M | $225.5M | ||
| Q2 24 | $131.5M | $256.0M | ||
| Q1 24 | $104.7M | $263.4M |
| Q4 25 | $11.9M | $90.3M | ||
| Q3 25 | $12.2M | $91.1M | ||
| Q2 25 | $-2.7M | $139.5M | ||
| Q1 25 | $-2.0M | $-10.0M | ||
| Q4 24 | $8.4M | $-5.6M | ||
| Q3 24 | $5.1M | $-284.4M | ||
| Q2 24 | $3.7M | $-433.6M | ||
| Q1 24 | $11.7M | $-49.2M |
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% | ||
| Q1 24 | — | 85.3% |
| Q4 25 | 9.5% | 32.3% | ||
| Q3 25 | 10.0% | 30.4% | ||
| Q2 25 | 2.3% | 5.7% | ||
| Q1 25 | 2.4% | -31.2% | ||
| Q4 24 | 10.1% | -69.2% | ||
| Q3 24 | 9.8% | -36.4% | ||
| Q2 24 | 5.8% | -90.8% | ||
| Q1 24 | 10.5% | -6.1% |
| Q4 25 | 6.5% | 47.9% | ||
| Q3 25 | 7.2% | 42.3% | ||
| Q2 25 | -1.8% | 74.1% | ||
| Q1 25 | -1.6% | -5.1% | ||
| Q4 24 | 5.7% | -2.3% | ||
| Q3 24 | 3.3% | -126.1% | ||
| Q2 24 | 2.8% | -169.4% | ||
| Q1 24 | 11.1% | -18.7% |
| Q4 25 | $0.18 | $2.78 | ||
| Q3 25 | $0.19 | $2.91 | ||
| Q2 25 | $-0.04 | $4.50 | ||
| Q1 25 | $-0.03 | $-0.39 | ||
| Q4 24 | $0.19 | $-0.01 | ||
| Q3 24 | $0.11 | $-9.39 | ||
| Q2 24 | $0.08 | $-14.35 | ||
| Q1 24 | $0.25 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | $249.6M | $1.4B |
| Stockholders' EquityBook value | $429.3M | $-171.5M |
| Total Assets | $928.1M | $1.7B |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.1M | $226.6M | ||
| Q3 25 | $94.0M | $184.2M | ||
| Q2 25 | $59.3M | $267.4M | ||
| Q1 25 | $63.9M | $138.3M | ||
| Q4 24 | $86.8M | $146.9M | ||
| Q3 24 | $93.1M | $159.2M | ||
| Q2 24 | $77.9M | $236.9M | ||
| Q1 24 | $95.9M | $190.7M |
| Q4 25 | $249.6M | $1.4B | ||
| Q3 25 | $256.2M | $1.3B | ||
| Q2 25 | $244.7M | $1.3B | ||
| Q1 25 | $251.0M | $1.4B | ||
| Q4 24 | $257.2M | $1.5B | ||
| Q3 24 | $133.6M | — | ||
| Q2 24 | $90.5M | — | ||
| Q1 24 | $95.9M | — |
| Q4 25 | $429.3M | $-171.5M | ||
| Q3 25 | $420.3M | $-260.5M | ||
| Q2 25 | $414.4M | $-351.7M | ||
| Q1 25 | $420.8M | $-496.8M | ||
| Q4 24 | $427.8M | $-488.2M | ||
| Q3 24 | $332.6M | $-497.6M | ||
| Q2 24 | $331.5M | $-218.3M | ||
| Q1 24 | $332.0M | $228.4M |
| Q4 25 | $928.1M | $1.7B | ||
| Q3 25 | $932.1M | $1.7B | ||
| Q2 25 | $916.0M | $1.5B | ||
| Q1 25 | $918.0M | $1.5B | ||
| Q4 24 | $936.5M | $1.8B | ||
| Q3 24 | $749.2M | $2.2B | ||
| Q2 24 | $692.9M | $3.2B | ||
| Q1 24 | $703.3M | $5.0B |
| 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 | $26.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.27× | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.1M | $26.2M | ||
| Q3 25 | $28.6M | $-60.6M | ||
| Q2 25 | $14.4M | $-25.6M | ||
| Q1 25 | $-4.4M | $184.0K | ||
| Q4 24 | $19.3M | $-2.7M | ||
| Q3 24 | $28.5M | $19.5M | ||
| Q2 24 | $9.0M | $111.5M | ||
| Q1 24 | $9.0M | $135.4M |
| Q4 25 | 1.27× | 0.29× | ||
| Q3 25 | 2.34× | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| 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
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
