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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and ROGERS CORP (ROG). Click either name above to swap in a different company.
ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $183.9M, roughly 1.1× Pangaea Logistics Solutions Ltd.). Pangaea Logistics Solutions Ltd. runs the higher net margin — 6.5% vs 2.2%, a 4.2% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 5.2%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
PANL vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.9M | $200.5M |
| Net Profit | $11.9M | $4.5M |
| Gross Margin | — | 32.2% |
| Operating Margin | 9.5% | — |
| Net Margin | 6.5% | 2.2% |
| Revenue YoY | 24.9% | 5.2% |
| Net Profit YoY | 40.9% | 421.4% |
| EPS (diluted) | $0.18 | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | $183.9M | $201.5M | ||
| Q3 25 | $168.7M | $216.0M | ||
| Q2 25 | $156.7M | $202.8M | ||
| Q1 25 | $122.8M | $190.5M | ||
| Q4 24 | $147.2M | $192.2M | ||
| Q3 24 | $153.1M | $210.3M | ||
| Q2 24 | $131.5M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $11.9M | $4.6M | ||
| Q3 25 | $12.2M | $8.6M | ||
| Q2 25 | $-2.7M | $-73.6M | ||
| Q1 25 | $-2.0M | $-1.4M | ||
| Q4 24 | $8.4M | $-500.0K | ||
| Q3 24 | $5.1M | $10.7M | ||
| Q2 24 | $3.7M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | 9.5% | 3.5% | ||
| Q3 25 | 10.0% | 7.3% | ||
| Q2 25 | 2.3% | -33.3% | ||
| Q1 25 | 2.4% | -0.2% | ||
| Q4 24 | 10.1% | -6.6% | ||
| Q3 24 | 9.8% | 6.9% | ||
| Q2 24 | 5.8% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 6.5% | 2.3% | ||
| Q3 25 | 7.2% | 4.0% | ||
| Q2 25 | -1.8% | -36.3% | ||
| Q1 25 | -1.6% | -0.7% | ||
| Q4 24 | 5.7% | -0.3% | ||
| Q3 24 | 3.3% | 5.1% | ||
| Q2 24 | 2.8% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $0.18 | $0.20 | ||
| Q3 25 | $0.19 | $0.48 | ||
| Q2 25 | $-0.04 | $-4.00 | ||
| Q1 25 | $-0.03 | $-0.08 | ||
| Q4 24 | $0.19 | $-0.04 | ||
| Q3 24 | $0.11 | $0.58 | ||
| Q2 24 | $0.08 | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | $249.6M | — |
| Stockholders' EquityBook value | $429.3M | $1.2B |
| Total Assets | $928.1M | $1.4B |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $103.1M | $197.0M | ||
| Q3 25 | $94.0M | $167.8M | ||
| Q2 25 | $59.3M | $157.2M | ||
| Q1 25 | $63.9M | $175.6M | ||
| Q4 24 | $86.8M | $159.8M | ||
| Q3 24 | $93.1M | $146.4M | ||
| Q2 24 | $77.9M | $119.9M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.2B | ||
| Q4 25 | $429.3M | $1.2B | ||
| Q3 25 | $420.3M | $1.2B | ||
| Q2 25 | $414.4M | $1.2B | ||
| Q1 25 | $420.8M | $1.3B | ||
| Q4 24 | $427.8M | $1.3B | ||
| Q3 24 | $332.6M | $1.3B | ||
| Q2 24 | $331.5M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $928.1M | $1.4B | ||
| Q3 25 | $932.1M | $1.4B | ||
| Q2 25 | $916.0M | $1.5B | ||
| Q1 25 | $918.0M | $1.5B | ||
| Q4 24 | $936.5M | $1.5B | ||
| Q3 24 | $749.2M | $1.5B | ||
| Q2 24 | $692.9M | $1.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $5.8M |
| Free Cash FlowOCF − Capex | — | $1.1M |
| FCF MarginFCF / Revenue | — | 0.5% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 1.27× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $15.1M | $46.9M | ||
| Q3 25 | $28.6M | $28.9M | ||
| Q2 25 | $14.4M | $13.7M | ||
| Q1 25 | $-4.4M | $11.7M | ||
| Q4 24 | $19.3M | $33.7M | ||
| Q3 24 | $28.5M | $42.4M | ||
| Q2 24 | $9.0M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | — | $5.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $18.3M | ||
| Q3 24 | — | $25.2M | ||
| Q2 24 | — | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | 20.9% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | 1.27× | 10.20× | ||
| Q3 25 | 2.34× | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | 5.57× | 3.96× | ||
| Q2 24 | 2.43× | 2.83× |
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% |
ROG
Segment breakdown not available.
