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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
Westrock Coffee Co is the larger business by last-quarter revenue ($339.5M vs $183.9M, roughly 1.8× Pangaea Logistics Solutions Ltd.). Pangaea Logistics Solutions Ltd. runs the higher net margin — 6.5% vs -6.6%, a 13.1% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 24.9%). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% CAGR vs 32.5%).
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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
PANL vs WEST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.9M | $339.5M |
| Net Profit | $11.9M | $-22.6M |
| Gross Margin | — | 11.5% |
| Operating Margin | 9.5% | -2.6% |
| Net Margin | 6.5% | -6.6% |
| Revenue YoY | 24.9% | 48.3% |
| Net Profit YoY | 40.9% | 8.3% |
| EPS (diluted) | $0.18 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $168.7M | $354.8M | ||
| Q2 25 | $156.7M | $280.9M | ||
| Q1 25 | $122.8M | $213.8M | ||
| Q4 24 | $147.2M | $229.0M | ||
| Q3 24 | $153.1M | $220.9M | ||
| Q2 24 | $131.5M | $208.4M | ||
| Q1 24 | $104.7M | $192.5M |
| Q4 25 | $11.9M | $-22.6M | ||
| Q3 25 | $12.2M | $-19.1M | ||
| Q2 25 | $-2.7M | $-21.6M | ||
| Q1 25 | $-2.0M | $-27.2M | ||
| Q4 24 | $8.4M | $-24.6M | ||
| Q3 24 | $5.1M | $-14.3M | ||
| Q2 24 | $3.7M | $-17.8M | ||
| Q1 24 | $11.7M | $-23.7M |
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | 9.5% | -2.6% | ||
| Q3 25 | 10.0% | -2.4% | ||
| Q2 25 | 2.3% | -5.3% | ||
| Q1 25 | 2.4% | -6.1% | ||
| Q4 24 | 10.1% | -4.3% | ||
| Q3 24 | 9.8% | -5.8% | ||
| Q2 24 | 5.8% | -7.9% | ||
| Q1 24 | 10.5% | -5.3% |
| Q4 25 | 6.5% | -6.6% | ||
| Q3 25 | 7.2% | -5.4% | ||
| Q2 25 | -1.8% | -7.7% | ||
| Q1 25 | -1.6% | -12.7% | ||
| Q4 24 | 5.7% | -10.7% | ||
| Q3 24 | 3.3% | -6.5% | ||
| Q2 24 | 2.8% | -8.5% | ||
| Q1 24 | 11.1% | -12.3% |
| Q4 25 | $0.18 | $-0.22 | ||
| Q3 25 | $0.19 | $-0.20 | ||
| Q2 25 | $-0.04 | $-0.23 | ||
| Q1 25 | $-0.03 | $-0.29 | ||
| Q4 24 | $0.19 | $-0.26 | ||
| Q3 24 | $0.11 | $-0.16 | ||
| Q2 24 | $0.08 | $-0.20 | ||
| Q1 24 | $0.25 | $-0.27 |
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 | $49.9M |
| Total DebtLower is stronger | $249.6M | $444.1M |
| Stockholders' EquityBook value | $429.3M | $-1.9M |
| Total Assets | $928.1M | $1.2B |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.1M | $49.9M | ||
| Q3 25 | $94.0M | $34.0M | ||
| Q2 25 | $59.3M | $44.0M | ||
| Q1 25 | $63.9M | $33.1M | ||
| Q4 24 | $86.8M | $26.2M | ||
| Q3 24 | $93.1M | $22.4M | ||
| Q2 24 | $77.9M | $24.3M | ||
| Q1 24 | $95.9M | $12.6M |
| Q4 25 | $249.6M | $444.1M | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $244.7M | — | ||
| Q1 25 | $251.0M | — | ||
| Q4 24 | $257.2M | $393.1M | ||
| Q3 24 | $133.6M | — | ||
| Q2 24 | $90.5M | — | ||
| Q1 24 | $95.9M | — |
| Q4 25 | $429.3M | $-1.9M | ||
| Q3 25 | $420.3M | $11.4M | ||
| Q2 25 | $414.4M | $18.2M | ||
| Q1 25 | $420.8M | $71.4M | ||
| Q4 24 | $427.8M | $97.5M | ||
| Q3 24 | $332.6M | $110.3M | ||
| Q2 24 | $331.5M | $81.5M | ||
| Q1 24 | $332.0M | $91.7M |
| Q4 25 | $928.1M | $1.2B | ||
| Q3 25 | $932.1M | $1.2B | ||
| Q2 25 | $916.0M | $1.2B | ||
| Q1 25 | $918.0M | $1.1B | ||
| Q4 24 | $936.5M | $1.1B | ||
| Q3 24 | $749.2M | $1.1B | ||
| Q2 24 | $692.9M | $1.1B | ||
| Q1 24 | $703.3M | $983.3M |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.60× | 4.03× | ||
| 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 | $36.7M |
| Free Cash FlowOCF − Capex | — | $27.8M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | 1.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.1M | $36.7M | ||
| Q3 25 | $28.6M | $-26.6M | ||
| Q2 25 | $14.4M | $-7.0M | ||
| Q1 25 | $-4.4M | $-22.1M | ||
| Q4 24 | $19.3M | $2.8M | ||
| Q3 24 | $28.5M | $-332.0K | ||
| Q2 24 | $9.0M | $-23.7M | ||
| Q1 24 | $9.0M | $8.0M |
| Q4 25 | — | $27.8M | ||
| Q3 25 | — | $-44.7M | ||
| Q2 25 | — | $-27.5M | ||
| Q1 25 | — | $-63.4M | ||
| Q4 24 | — | $-15.4M | ||
| Q3 24 | — | $-36.7M | ||
| Q2 24 | — | $-59.9M | ||
| Q1 24 | — | $-60.9M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | — | -29.7% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -16.6% | ||
| Q2 24 | — | -28.7% | ||
| Q1 24 | — | -31.7% |
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 16.5% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 35.8% |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | 5.57× | — | ||
| Q2 24 | 2.43× | — | ||
| Q1 24 | 0.77× | — |
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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
