vs

Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and GIBRALTAR INDUSTRIES, INC. (ROCK). Click either name above to swap in a different company.

GIBRALTAR INDUSTRIES, INC. is the larger business by last-quarter revenue ($225.0M vs $183.9M, roughly 1.2× Pangaea Logistics Solutions Ltd.). On growth, GIBRALTAR INDUSTRIES, INC. posted the faster year-over-year revenue change (24.9% vs 24.9%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs -12.3%).

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.

Gibraltar Industries, Inc. is a leading manufacturer and distributor of specialized building, infrastructure, and renewable energy products. Its offerings include ventilation systems, roofing accessories, solar mounting solutions, and landscape and garden products, serving residential, commercial construction, and clean energy markets primarily across North America, with a focus on innovative, sustainable solutions for its customers.

PANL vs ROCK — Head-to-Head

Bigger by revenue
ROCK
ROCK
1.2× larger
ROCK
$225.0M
$183.9M
PANL
Growing faster (revenue YoY)
ROCK
ROCK
+0.0% gap
ROCK
24.9%
24.9%
PANL
Faster 2-yr revenue CAGR
PANL
PANL
Annualised
PANL
32.5%
-12.3%
ROCK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PANL
PANL
ROCK
ROCK
Revenue
$183.9M
$225.0M
Net Profit
$11.9M
Gross Margin
25.3%
Operating Margin
9.5%
7.9%
Net Margin
6.5%
Revenue YoY
24.9%
24.9%
Net Profit YoY
40.9%
EPS (diluted)
$0.18

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
ROCK
ROCK
Q4 25
$183.9M
$225.0M
Q3 25
$168.7M
$310.9M
Q2 25
$156.7M
$309.5M
Q1 25
$122.8M
$290.0M
Q4 24
$147.2M
$180.1M
Q3 24
$153.1M
$277.1M
Q2 24
$131.5M
$273.6M
Q1 24
$104.7M
$292.5M
Net Profit
PANL
PANL
ROCK
ROCK
Q4 25
$11.9M
Q3 25
$12.2M
$-89.1M
Q2 25
$-2.7M
$26.0M
Q1 25
$-2.0M
$21.1M
Q4 24
$8.4M
Q3 24
$5.1M
$34.0M
Q2 24
$3.7M
$32.2M
Q1 24
$11.7M
$24.9M
Gross Margin
PANL
PANL
ROCK
ROCK
Q4 25
25.3%
Q3 25
26.6%
Q2 25
28.4%
Q1 25
26.8%
Q4 24
29.0%
Q3 24
29.4%
Q2 24
30.5%
Q1 24
28.9%
Operating Margin
PANL
PANL
ROCK
ROCK
Q4 25
9.5%
7.9%
Q3 25
10.0%
12.8%
Q2 25
2.3%
12.8%
Q1 25
2.4%
8.8%
Q4 24
10.1%
13.3%
Q3 24
9.8%
15.6%
Q2 24
5.8%
14.9%
Q1 24
10.5%
10.8%
Net Margin
PANL
PANL
ROCK
ROCK
Q4 25
6.5%
Q3 25
7.2%
-28.6%
Q2 25
-1.8%
8.4%
Q1 25
-1.6%
7.3%
Q4 24
5.7%
Q3 24
3.3%
12.3%
Q2 24
2.8%
11.8%
Q1 24
11.1%
8.5%
EPS (diluted)
PANL
PANL
ROCK
ROCK
Q4 25
$0.18
Q3 25
$0.19
$-2.98
Q2 25
$-0.04
$0.87
Q1 25
$-0.03
Q4 24
$0.19
Q3 24
$0.11
$1.11
Q2 24
$0.08
$1.05
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
ROCK
ROCK
Cash + ST InvestmentsLiquidity on hand
$103.1M
$115.7M
Total DebtLower is stronger
$249.6M
$0
Stockholders' EquityBook value
$429.3M
$950.4M
Total Assets
$928.1M
$1.4B
Debt / EquityLower = less leverage
0.58×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PANL
PANL
ROCK
ROCK
Q4 25
$103.1M
$115.7M
Q3 25
$94.0M
$89.4M
Q2 25
$59.3M
$43.3M
Q1 25
$63.9M
$25.1M
Q4 24
$86.8M
$269.5M
Q3 24
$93.1M
$228.9M
Q2 24
$77.9M
$179.1M
Q1 24
$95.9M
$146.7M
Total Debt
PANL
PANL
ROCK
ROCK
Q4 25
$249.6M
$0
Q3 25
$256.2M
$0
Q2 25
$244.7M
$0
Q1 25
$251.0M
$0
Q4 24
$257.2M
$0
Q3 24
$133.6M
$0
Q2 24
$90.5M
$0
Q1 24
$95.9M
$0
Stockholders' Equity
PANL
PANL
ROCK
ROCK
Q4 25
$429.3M
$950.4M
Q3 25
$420.3M
$951.8M
Q2 25
$414.4M
$1.0B
Q1 25
$420.8M
$1.0B
Q4 24
$427.8M
$1.0B
Q3 24
$332.6M
$1.0B
Q2 24
$331.5M
$975.7M
Q1 24
$332.0M
$940.2M
Total Assets
PANL
PANL
ROCK
ROCK
Q4 25
$928.1M
$1.4B
Q3 25
$932.1M
$1.4B
Q2 25
$916.0M
$1.5B
Q1 25
$918.0M
$1.4B
Q4 24
$936.5M
$1.4B
Q3 24
$749.2M
$1.4B
Q2 24
$692.9M
$1.4B
Q1 24
$703.3M
$1.3B
Debt / Equity
PANL
PANL
ROCK
ROCK
Q4 25
0.58×
0.00×
Q3 25
0.61×
0.00×
Q2 25
0.59×
0.00×
Q1 25
0.60×
0.00×
Q4 24
0.60×
0.00×
Q3 24
0.40×
0.00×
Q2 24
0.27×
0.00×
Q1 24
0.29×
0.00×

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
ROCK
ROCK
Operating Cash FlowLast quarter
$15.1M
$35.5M
Free Cash FlowOCF − Capex
$26.2M
FCF MarginFCF / Revenue
11.7%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
1.27×
TTM Free Cash FlowTrailing 4 quarters
$120.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PANL
PANL
ROCK
ROCK
Q4 25
$15.1M
$35.5M
Q3 25
$28.6M
$73.0M
Q2 25
$14.4M
$44.9M
Q1 25
$-4.4M
$13.7M
Q4 24
$19.3M
$19.9M
Q3 24
$28.5M
$64.7M
Q2 24
$9.0M
$36.5M
Q1 24
$9.0M
$53.2M
Free Cash Flow
PANL
PANL
ROCK
ROCK
Q4 25
$26.2M
Q3 25
$64.8M
Q2 25
$27.3M
Q1 25
$2.3M
Q4 24
$14.1M
Q3 24
$60.5M
Q2 24
$33.5M
Q1 24
$48.8M
FCF Margin
PANL
PANL
ROCK
ROCK
Q4 25
11.7%
Q3 25
20.8%
Q2 25
8.8%
Q1 25
0.8%
Q4 24
7.8%
Q3 24
21.8%
Q2 24
12.2%
Q1 24
16.7%
Capex Intensity
PANL
PANL
ROCK
ROCK
Q4 25
4.1%
Q3 25
2.6%
Q2 25
5.7%
Q1 25
3.9%
Q4 24
3.3%
Q3 24
1.5%
Q2 24
1.1%
Q1 24
1.5%
Cash Conversion
PANL
PANL
ROCK
ROCK
Q4 25
1.27×
Q3 25
2.34×
Q2 25
1.73×
Q1 25
0.65×
Q4 24
2.29×
Q3 24
5.57×
1.90×
Q2 24
2.43×
1.13×
Q1 24
0.77×
2.13×

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%

ROCK
ROCK

Transferred At Point In Time$183.5M82%
Infrastructure$22.5M10%
Other$18.9M8%

Related Comparisons