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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
Pangaea Logistics Solutions Ltd. is the larger business by last-quarter revenue ($183.9M vs $111.7M, roughly 1.6× ZIPRECRUITER, INC.). Pangaea Logistics Solutions Ltd. runs the higher net margin — 6.5% vs -0.7%, a 7.2% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 0.6%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs -4.4%).
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.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
PANL vs ZIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.9M | $111.7M |
| Net Profit | $11.9M | $-835.0K |
| Gross Margin | — | 89.1% |
| Operating Margin | 9.5% | 3.6% |
| Net Margin | 6.5% | -0.7% |
| Revenue YoY | 24.9% | 0.6% |
| Net Profit YoY | 40.9% | 92.3% |
| EPS (diluted) | $0.18 | $-0.03 |
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 | $111.7M | ||
| Q3 25 | $168.7M | $115.0M | ||
| Q2 25 | $156.7M | $112.2M | ||
| Q1 25 | $122.8M | $110.1M | ||
| Q4 24 | $147.2M | $111.0M | ||
| Q3 24 | $153.1M | $117.1M | ||
| Q2 24 | $131.5M | $123.7M | ||
| Q1 24 | $104.7M | $122.2M |
| Q4 25 | $11.9M | $-835.0K | ||
| Q3 25 | $12.2M | $-9.8M | ||
| Q2 25 | $-2.7M | $-9.5M | ||
| Q1 25 | $-2.0M | $-12.8M | ||
| Q4 24 | $8.4M | $-10.8M | ||
| Q3 24 | $5.1M | $-2.6M | ||
| Q2 24 | $3.7M | $7.0M | ||
| Q1 24 | $11.7M | $-6.5M |
| Q4 25 | — | 89.1% | ||
| Q3 25 | — | 89.1% | ||
| Q2 25 | — | 89.3% | ||
| Q1 25 | — | 89.4% | ||
| Q4 24 | — | 89.6% | ||
| Q3 24 | — | 89.4% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 89.1% |
| Q4 25 | 9.5% | 3.6% | ||
| Q3 25 | 10.0% | -4.4% | ||
| Q2 25 | 2.3% | -5.9% | ||
| Q1 25 | 2.4% | -10.6% | ||
| Q4 24 | 10.1% | -3.6% | ||
| Q3 24 | 9.8% | -2.8% | ||
| Q2 24 | 5.8% | 7.6% | ||
| Q1 24 | 10.5% | -0.7% |
| Q4 25 | 6.5% | -0.7% | ||
| Q3 25 | 7.2% | -8.5% | ||
| Q2 25 | -1.8% | -8.5% | ||
| Q1 25 | -1.6% | -11.7% | ||
| Q4 24 | 5.7% | -9.7% | ||
| Q3 24 | 3.3% | -2.2% | ||
| Q2 24 | 2.8% | 5.7% | ||
| Q1 24 | 11.1% | -5.3% |
| Q4 25 | $0.18 | $-0.03 | ||
| Q3 25 | $0.19 | $-0.11 | ||
| Q2 25 | $-0.04 | $-0.10 | ||
| Q1 25 | $-0.03 | $-0.13 | ||
| Q4 24 | $0.19 | $-0.10 | ||
| Q3 24 | $0.11 | $-0.03 | ||
| Q2 24 | $0.08 | $0.07 | ||
| Q1 24 | $0.25 | $-0.07 |
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 | $188.0M |
| Total DebtLower is stronger | $249.6M | — |
| Stockholders' EquityBook value | $429.3M | $-77.2M |
| Total Assets | $928.1M | $569.7M |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.1M | $188.0M | ||
| Q3 25 | $94.0M | $211.8M | ||
| Q2 25 | $59.3M | $203.5M | ||
| Q1 25 | $63.9M | $221.1M | ||
| Q4 24 | $86.8M | $218.4M | ||
| Q3 24 | $93.1M | $225.6M | ||
| Q2 24 | $77.9M | $271.7M | ||
| Q1 24 | $95.9M | $282.5M |
| 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 | $-77.2M | ||
| Q3 25 | $420.3M | $-76.1M | ||
| Q2 25 | $414.4M | $-65.9M | ||
| Q1 25 | $420.8M | $-11.3M | ||
| Q4 24 | $427.8M | $13.4M | ||
| Q3 24 | $332.6M | $13.6M | ||
| Q2 24 | $331.5M | $24.4M | ||
| Q1 24 | $332.0M | $12.7M |
| Q4 25 | $928.1M | $569.7M | ||
| Q3 25 | $932.1M | $573.6M | ||
| Q2 25 | $916.0M | $592.4M | ||
| Q1 25 | $918.0M | $629.4M | ||
| Q4 24 | $936.5M | $664.1M | ||
| Q3 24 | $749.2M | $652.0M | ||
| Q2 24 | $692.9M | $665.3M | ||
| Q1 24 | $703.3M | $662.4M |
| 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 | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.6M |
| FCF MarginFCF / Revenue | — | 6.8% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 1.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.1M | $7.7M | ||
| Q3 25 | $28.6M | $2.6M | ||
| Q2 25 | $14.4M | $10.5M | ||
| Q1 25 | $-4.4M | $-9.9M | ||
| Q4 24 | $19.3M | $12.5M | ||
| Q3 24 | $28.5M | $9.3M | ||
| Q2 24 | $9.0M | $21.9M | ||
| Q1 24 | $9.0M | $2.0M |
| Q4 25 | — | $7.6M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $10.2M | ||
| Q1 25 | — | $-10.2M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | — | $9.2M | ||
| Q2 24 | — | $21.7M | ||
| Q1 24 | — | $1.9M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | -9.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | 5.57× | — | ||
| Q2 24 | 2.43× | 3.12× | ||
| 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% |
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
