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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and Utz Brands, Inc. (UTZ). Click either name above to swap in a different company.

Utz Brands, Inc. is the larger business by last-quarter revenue ($361.3M vs $183.9M, roughly 2.0× Pangaea Logistics Solutions Ltd.). On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 2.6%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs -0.2%).

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.

Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. Utz is also a snack supplier to warehouse clubs and merchandisers.

PANL vs UTZ — Head-to-Head

Bigger by revenue
UTZ
UTZ
2.0× larger
UTZ
$361.3M
$183.9M
PANL
Growing faster (revenue YoY)
PANL
PANL
+22.3% gap
PANL
24.9%
2.6%
UTZ
Faster 2-yr revenue CAGR
PANL
PANL
Annualised
PANL
32.5%
-0.2%
UTZ

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
PANL
PANL
UTZ
UTZ
Revenue
$183.9M
$361.3M
Net Profit
$11.9M
Gross Margin
25.4%
Operating Margin
9.5%
2.2%
Net Margin
6.5%
Revenue YoY
24.9%
2.6%
Net Profit YoY
40.9%
EPS (diluted)
$0.18
$-0.02

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
UTZ
UTZ
Q1 26
$361.3M
Q4 25
$183.9M
Q3 25
$168.7M
Q2 25
$156.7M
Q1 25
$122.8M
Q4 24
$147.2M
$341.0M
Q3 24
$153.1M
$365.5M
Q2 24
$131.5M
$356.2M
Net Profit
PANL
PANL
UTZ
UTZ
Q1 26
Q4 25
$11.9M
Q3 25
$12.2M
Q2 25
$-2.7M
Q1 25
$-2.0M
Q4 24
$8.4M
$2.3M
Q3 24
$5.1M
$-2.2M
Q2 24
$3.7M
$19.8M
Gross Margin
PANL
PANL
UTZ
UTZ
Q1 26
25.4%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
25.5%
Q3 24
26.9%
Q2 24
26.7%
Operating Margin
PANL
PANL
UTZ
UTZ
Q1 26
2.2%
Q4 25
9.5%
Q3 25
10.0%
Q2 25
2.3%
Q1 25
2.4%
Q4 24
10.1%
2.1%
Q3 24
9.8%
5.3%
Q2 24
5.8%
6.3%
Net Margin
PANL
PANL
UTZ
UTZ
Q1 26
Q4 25
6.5%
Q3 25
7.2%
Q2 25
-1.8%
Q1 25
-1.6%
Q4 24
5.7%
0.7%
Q3 24
3.3%
-0.6%
Q2 24
2.8%
5.6%
EPS (diluted)
PANL
PANL
UTZ
UTZ
Q1 26
$-0.02
Q4 25
$0.18
Q3 25
$0.19
Q2 25
$-0.04
Q1 25
$-0.03
Q4 24
$0.19
$0.04
Q3 24
$0.11
$-0.03
Q2 24
$0.08
$0.23

Balance Sheet & Financial Strength

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

Metric
PANL
PANL
UTZ
UTZ
Cash + ST InvestmentsLiquidity on hand
$103.1M
$73.7M
Total DebtLower is stronger
$249.6M
Stockholders' EquityBook value
$429.3M
$709.5M
Total Assets
$928.1M
$2.8B
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PANL
PANL
UTZ
UTZ
Q1 26
$73.7M
Q4 25
$103.1M
Q3 25
$94.0M
Q2 25
$59.3M
Q1 25
$63.9M
Q4 24
$86.8M
$56.1M
Q3 24
$93.1M
$64.9M
Q2 24
$77.9M
$66.6M
Total Debt
PANL
PANL
UTZ
UTZ
Q1 26
Q4 25
$249.6M
Q3 25
$256.2M
Q2 25
$244.7M
Q1 25
$251.0M
Q4 24
$257.2M
$768.6M
Q3 24
$133.6M
$780.8M
Q2 24
$90.5M
$797.6M
Stockholders' Equity
PANL
PANL
UTZ
UTZ
Q1 26
$709.5M
Q4 25
$429.3M
Q3 25
$420.3M
Q2 25
$414.4M
Q1 25
$420.8M
Q4 24
$427.8M
$696.9M
Q3 24
$332.6M
$685.7M
Q2 24
$331.5M
$686.0M
Total Assets
PANL
PANL
UTZ
UTZ
Q1 26
$2.8B
Q4 25
$928.1M
Q3 25
$932.1M
Q2 25
$916.0M
Q1 25
$918.0M
Q4 24
$936.5M
$2.7B
Q3 24
$749.2M
$2.6B
Q2 24
$692.9M
$2.7B
Debt / Equity
PANL
PANL
UTZ
UTZ
Q1 26
Q4 25
0.58×
Q3 25
0.61×
Q2 25
0.59×
Q1 25
0.60×
Q4 24
0.60×
1.10×
Q3 24
0.40×
1.14×
Q2 24
0.27×
1.16×

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
UTZ
UTZ
Operating Cash FlowLast quarter
$15.1M
$-12.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
1.27×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PANL
PANL
UTZ
UTZ
Q1 26
$-12.2M
Q4 25
$15.1M
Q3 25
$28.6M
Q2 25
$14.4M
Q1 25
$-4.4M
Q4 24
$19.3M
$54.2M
Q3 24
$28.5M
$52.2M
Q2 24
$9.0M
$8.9M
Free Cash Flow
PANL
PANL
UTZ
UTZ
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$16.5M
Q3 24
$29.1M
Q2 24
$-15.3M
FCF Margin
PANL
PANL
UTZ
UTZ
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
4.8%
Q3 24
8.0%
Q2 24
-4.3%
Capex Intensity
PANL
PANL
UTZ
UTZ
Q1 26
3.8%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
11.1%
Q3 24
6.3%
Q2 24
6.8%
Cash Conversion
PANL
PANL
UTZ
UTZ
Q1 26
Q4 25
1.27×
Q3 25
2.34×
Q2 25
Q1 25
Q4 24
2.29×
23.67×
Q3 24
5.57×
Q2 24
2.43×
0.45×

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%

UTZ
UTZ

Segment breakdown not available.

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