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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and Simply Good Foods Co (SMPL). Click either name above to swap in a different company.

Simply Good Foods Co is the larger business by last-quarter revenue ($340.2M vs $183.9M, roughly 1.9× Pangaea Logistics Solutions Ltd.). Simply Good Foods Co runs the higher net margin — 7.4% vs 6.5%, a 1.0% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs -0.3%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs 3.0%).

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.

Whole Foods Market, Inc. is an American multinational supermarket chain headquartered in Austin, Texas, owned wholly by Amazon, and which generally sells whole food products free from hydrogenated fats and artificial colors, flavors, and preservatives. A USDA Certified Organic grocer in the United States, the chain is popularly known for its organic selections.

PANL vs SMPL — Head-to-Head

Bigger by revenue
SMPL
SMPL
1.9× larger
SMPL
$340.2M
$183.9M
PANL
Growing faster (revenue YoY)
PANL
PANL
+25.3% gap
PANL
24.9%
-0.3%
SMPL
Higher net margin
SMPL
SMPL
1.0% more per $
SMPL
7.4%
6.5%
PANL
Faster 2-yr revenue CAGR
PANL
PANL
Annualised
PANL
32.5%
3.0%
SMPL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PANL
PANL
SMPL
SMPL
Revenue
$183.9M
$340.2M
Net Profit
$11.9M
$25.3M
Gross Margin
32.3%
Operating Margin
9.5%
11.0%
Net Margin
6.5%
7.4%
Revenue YoY
24.9%
-0.3%
Net Profit YoY
40.9%
-33.7%
EPS (diluted)
$0.18
$0.26

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
SMPL
SMPL
Q4 25
$183.9M
$340.2M
Q3 25
$168.7M
Q2 25
$156.7M
$381.0M
Q1 25
$122.8M
Q4 24
$147.2M
$341.3M
Q3 24
$153.1M
$375.7M
Q2 24
$131.5M
$334.8M
Q1 24
$104.7M
$312.2M
Net Profit
PANL
PANL
SMPL
SMPL
Q4 25
$11.9M
$25.3M
Q3 25
$12.2M
Q2 25
$-2.7M
$41.1M
Q1 25
$-2.0M
Q4 24
$8.4M
$38.1M
Q3 24
$5.1M
$29.3M
Q2 24
$3.7M
$41.3M
Q1 24
$11.7M
$33.1M
Gross Margin
PANL
PANL
SMPL
SMPL
Q4 25
32.3%
Q3 25
Q2 25
36.4%
Q1 25
Q4 24
38.2%
Q3 24
38.8%
Q2 24
39.9%
Q1 24
37.4%
Operating Margin
PANL
PANL
SMPL
SMPL
Q4 25
9.5%
11.0%
Q3 25
10.0%
Q2 25
2.3%
15.6%
Q1 25
2.4%
Q4 24
10.1%
16.0%
Q3 24
9.8%
12.7%
Q2 24
5.8%
17.6%
Q1 24
10.5%
15.4%
Net Margin
PANL
PANL
SMPL
SMPL
Q4 25
6.5%
7.4%
Q3 25
7.2%
Q2 25
-1.8%
10.8%
Q1 25
-1.6%
Q4 24
5.7%
11.2%
Q3 24
3.3%
7.8%
Q2 24
2.8%
12.3%
Q1 24
11.1%
10.6%
EPS (diluted)
PANL
PANL
SMPL
SMPL
Q4 25
$0.18
$0.26
Q3 25
$0.19
Q2 25
$-0.04
$0.40
Q1 25
$-0.03
Q4 24
$0.19
$0.38
Q3 24
$0.11
$0.29
Q2 24
$0.08
$0.41
Q1 24
$0.25
$0.33

Balance Sheet & Financial Strength

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

Metric
PANL
PANL
SMPL
SMPL
Cash + ST InvestmentsLiquidity on hand
$103.1M
$194.1M
Total DebtLower is stronger
$249.6M
Stockholders' EquityBook value
$429.3M
$1.7B
Total Assets
$928.1M
$2.5B
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PANL
PANL
SMPL
SMPL
Q4 25
$103.1M
$194.1M
Q3 25
$94.0M
Q2 25
$59.3M
$98.0M
Q1 25
$63.9M
Q4 24
$86.8M
$121.8M
Q3 24
$93.1M
$132.5M
Q2 24
$77.9M
$208.7M
Q1 24
$95.9M
$135.9M
Total Debt
PANL
PANL
SMPL
SMPL
Q4 25
$249.6M
Q3 25
$256.2M
Q2 25
$244.7M
Q1 25
$251.0M
Q4 24
$257.2M
Q3 24
$133.6M
$397.5M
Q2 24
$90.5M
$237.7M
Q1 24
$95.9M
$237.7M
Stockholders' Equity
PANL
PANL
SMPL
SMPL
Q4 25
$429.3M
$1.7B
Q3 25
$420.3M
Q2 25
$414.4M
$1.8B
Q1 25
$420.8M
Q4 24
$427.8M
$1.8B
Q3 24
$332.6M
$1.7B
Q2 24
$331.5M
$1.7B
Q1 24
$332.0M
$1.6B
Total Assets
PANL
PANL
SMPL
SMPL
Q4 25
$928.1M
$2.5B
Q3 25
$932.1M
Q2 25
$916.0M
$2.4B
Q1 25
$918.0M
Q4 24
$936.5M
$2.4B
Q3 24
$749.2M
$2.4B
Q2 24
$692.9M
$2.2B
Q1 24
$703.3M
$2.1B
Debt / Equity
PANL
PANL
SMPL
SMPL
Q4 25
0.58×
Q3 25
0.61×
Q2 25
0.59×
Q1 25
0.60×
Q4 24
0.60×
Q3 24
0.40×
0.23×
Q2 24
0.27×
0.14×
Q1 24
0.29×
0.14×

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
SMPL
SMPL
Operating Cash FlowLast quarter
$15.1M
$50.1M
Free Cash FlowOCF − Capex
$48.0M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
1.27×
1.98×
TTM Free Cash FlowTrailing 4 quarters
$223.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PANL
PANL
SMPL
SMPL
Q4 25
$15.1M
$50.1M
Q3 25
$28.6M
Q2 25
$14.4M
$101.1M
Q1 25
$-4.4M
Q4 24
$19.3M
$32.0M
Q3 24
$28.5M
$48.9M
Q2 24
$9.0M
$72.8M
Q1 24
$9.0M
$46.5M
Free Cash Flow
PANL
PANL
SMPL
SMPL
Q4 25
$48.0M
Q3 25
Q2 25
$98.9M
Q1 25
Q4 24
$31.7M
Q3 24
$45.0M
Q2 24
$72.0M
Q1 24
$46.1M
FCF Margin
PANL
PANL
SMPL
SMPL
Q4 25
14.1%
Q3 25
Q2 25
25.9%
Q1 25
Q4 24
9.3%
Q3 24
12.0%
Q2 24
21.5%
Q1 24
14.8%
Capex Intensity
PANL
PANL
SMPL
SMPL
Q4 25
0.6%
Q3 25
Q2 25
0.6%
Q1 25
Q4 24
0.1%
Q3 24
1.0%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
PANL
PANL
SMPL
SMPL
Q4 25
1.27×
1.98×
Q3 25
2.34×
Q2 25
2.46×
Q1 25
Q4 24
2.29×
0.84×
Q3 24
5.57×
1.67×
Q2 24
2.43×
1.76×
Q1 24
0.77×
1.40×

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%

SMPL
SMPL

Quest$211.4M62%
Atkins Domain$79.7M23%
OWYN$28.1M8%
Other$20.9M6%

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