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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $183.9M, roughly 1.8× Pangaea Logistics Solutions Ltd.). Pangaea Logistics Solutions Ltd. runs the higher net margin — 6.5% vs -12.9%, a 19.4% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs -0.4%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs 22.1%).
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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
PANL vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.9M | $340.0M |
| Net Profit | $11.9M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 9.5% | -17.2% |
| Net Margin | 6.5% | -12.9% |
| Revenue YoY | 24.9% | -0.4% |
| Net Profit YoY | 40.9% | -131.0% |
| EPS (diluted) | $0.18 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $168.7M | $337.7M | ||
| Q2 25 | $156.7M | $319.2M | ||
| Q1 25 | $122.8M | $237.4M | ||
| Q4 24 | $147.2M | $341.5M | ||
| Q3 24 | $153.1M | $292.3M | ||
| Q2 24 | $131.5M | $270.7M | ||
| Q1 24 | $104.7M | $228.1M |
| Q4 25 | $11.9M | $-13.9M | ||
| Q3 25 | $12.2M | $33.5M | ||
| Q2 25 | $-2.7M | $34.0M | ||
| Q1 25 | $-2.0M | $2.8M | ||
| Q4 24 | $8.4M | $44.8M | ||
| Q3 24 | $5.1M | $28.8M | ||
| Q2 24 | $3.7M | $22.7M | ||
| Q1 24 | $11.7M | $11.9M |
| Q4 25 | 9.5% | -17.2% | ||
| Q3 25 | 10.0% | 13.6% | ||
| Q2 25 | 2.3% | 14.5% | ||
| Q1 25 | 2.4% | 2.2% | ||
| Q4 24 | 10.1% | 15.3% | ||
| Q3 24 | 9.8% | 12.8% | ||
| Q2 24 | 5.8% | 10.4% | ||
| Q1 24 | 10.5% | 6.0% |
| Q4 25 | 6.5% | -12.9% | ||
| Q3 25 | 7.2% | 9.9% | ||
| Q2 25 | -1.8% | 10.6% | ||
| Q1 25 | -1.6% | 1.2% | ||
| Q4 24 | 5.7% | 13.1% | ||
| Q3 24 | 3.3% | 9.9% | ||
| Q2 24 | 2.8% | 8.4% | ||
| Q1 24 | 11.1% | 5.2% |
| Q4 25 | $0.18 | $-0.41 | ||
| Q3 25 | $0.19 | $0.98 | ||
| Q2 25 | $-0.04 | $0.99 | ||
| Q1 25 | $-0.03 | $0.08 | ||
| Q4 24 | $0.19 | $1.32 | ||
| Q3 24 | $0.11 | $0.85 | ||
| Q2 24 | $0.08 | $0.67 | ||
| Q1 24 | $0.25 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | $249.6M | — |
| Stockholders' EquityBook value | $429.3M | $1.7B |
| Total Assets | $928.1M | $5.1B |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.1M | $299.3M | ||
| Q3 25 | $94.0M | $274.8M | ||
| Q2 25 | $59.3M | $233.7M | ||
| Q1 25 | $63.9M | $181.0M | ||
| Q4 24 | $86.8M | $279.3M | ||
| Q3 24 | $93.1M | $179.8M | ||
| Q2 24 | $77.9M | $208.1M | ||
| Q1 24 | $95.9M | $216.5M |
| 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 24 | $95.9M | — |
| Q4 25 | $429.3M | $1.7B | ||
| Q3 25 | $420.3M | $1.8B | ||
| Q2 25 | $414.4M | $1.8B | ||
| Q1 25 | $420.8M | $1.7B | ||
| Q4 24 | $427.8M | $1.7B | ||
| Q3 24 | $332.6M | $1.7B | ||
| Q2 24 | $331.5M | $1.7B | ||
| Q1 24 | $332.0M | $1.7B |
| Q4 25 | $928.1M | $5.1B | ||
| Q3 25 | $932.1M | $5.8B | ||
| Q2 25 | $916.0M | $4.7B | ||
| Q1 25 | $918.0M | $4.5B | ||
| Q4 24 | $936.5M | $4.4B | ||
| Q3 24 | $749.2M | $4.6B | ||
| Q2 24 | $692.9M | $4.2B | ||
| Q1 24 | $703.3M | $3.8B |
| 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 | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 1.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.1M | $-664.3M | ||
| Q3 25 | $28.6M | $-948.1M | ||
| Q2 25 | $14.4M | $-238.5M | ||
| Q1 25 | $-4.4M | $-281.1M | ||
| Q4 24 | $19.3M | $129.4M | ||
| Q3 24 | $28.5M | $-202.0M | ||
| Q2 24 | $9.0M | $-237.8M | ||
| Q1 24 | $9.0M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | — | $-241.7M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | — | -89.3% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.34× | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | 2.29× | 2.89× | ||
| Q3 24 | 5.57× | -7.01× | ||
| Q2 24 | 2.43× | -10.49× | ||
| Q1 24 | 0.77× | 3.24× |
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% |
WD
Segment breakdown not available.
