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Pangaea Logistics Solutions (PANL) Revenue & Revenue Breakdown

OverviewFinancialsChart

Pangaea Logistics Solutions Revenue Highlights

Latest Revenue (Y)

$499.27M

Latest Revenue (Q)

$153.12M

Main Segment (Y)

Voyage

Pangaea Logistics Solutions Revenue by Period

Pangaea Logistics Solutions Revenue by Year

DateRevenueChange
2023-12-31$499.27M-28.65%
2022-12-31$699.71M-2.56%
2021-12-31$718.10M87.55%
2020-12-31$382.90M-7.11%
2019-12-31$412.20M10.52%
2018-12-31$372.97M-3.15%
2017-12-31$385.09M61.79%
2016-12-31$238.02M-17.16%
2015-12-31$287.33M-27.86%
2014-12-31$398.28M1.48%
2013-12-31$392.47M1.40%
2012-12-31$387.06M-

Pangaea Logistics Solutions generated $499.27M in revenue during NA 2023, up -28.65% compared to the previous quarter, and up 133.86% compared to the same period a year ago.

Pangaea Logistics Solutions Revenue by Quarter

DateRevenueChange
2024-09-30$153.12M16.44%
2024-06-30$131.50M25.54%
2024-03-31$104.75M-20.58%
2023-12-31$131.90M-2.74%
2023-09-30$135.62M14.86%
2023-06-30$118.08M3.85%
2023-03-31$113.70M-11.12%
2022-12-31$127.92M-30.66%
2022-09-30$184.48M-5.66%
2022-06-30$195.54M1.97%
2022-03-31$191.76M-18.25%
2021-12-31$234.56M10.11%
2021-09-30$213.03M46.37%
2021-06-30$145.54M16.46%
2021-03-31$124.97M10.74%
2020-12-31$112.85M8.76%
2020-09-30$103.77M47.40%
2020-06-30$70.40M-26.58%
2020-03-31$95.88M-26.52%
2019-12-31$130.48M9.75%
2019-09-30$118.89M42.74%
2019-06-30$83.29M4.71%
2019-03-31$79.54M-21.88%
2018-12-31$101.83M6.80%
2018-09-30$95.34M-1.53%
2018-06-30$96.82M22.60%
2018-03-31$78.97M-22.72%
2017-12-31$102.19M-4.52%
2017-09-30$107.02M17.06%
2017-06-30$91.42M8.25%
2017-03-31$84.46M27.32%
2016-12-31$66.33M-6.29%
2016-09-30$70.78M24.27%
2016-06-30$56.96M29.64%
2016-03-31$43.94M-21.44%
2015-12-31$55.93M-21.44%
2015-09-30$71.19M9.35%
2015-06-30$65.10M-31.55%
2015-03-31$95.12M-7.73%
2014-12-31$103.08M13.02%
2014-09-30$91.21M1.59%
2014-06-30$89.78M-21.39%
2014-03-31$114.21M2.43%
2013-12-31$111.50M17.16%
2013-09-30$95.17M4.96%
2013-06-30$90.67M-4.69%
2013-03-31$95.13M-

Pangaea Logistics Solutions generated $153.12M in revenue during Q3 2024, up 16.44% compared to the previous quarter, and up 129.68% compared to the same period a year ago.

Pangaea Logistics Solutions Revenue Breakdown

Pangaea Logistics Solutions Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Charter$23.72M$59.67M$103.62M$33.16M$46.48M
Voyage$468.58M$640.03M$614.48M$349.74M$365.71M

Pangaea Logistics Solutions's latest annual revenue breakdown by segment (product or service), as of Dec 23: Voyage (95.18%), and Charter (4.82%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Charter$4.86M$15.03M$7.10M$3.80M$7.09M$5.75M$10.60M$11.31M$22.35M$15.43M$32.10M$26.68M$28.15M$16.74M$14.60M$5.65M$3.54M$9.36M$11.90M$15.08M
Voyage$145.12M$87.29M$122.30M$127.88M$110.47M$107.95M$117.30M$173.17M$173.19M$176.34M$202.50M$186.35M$117.40M$108.23M$98.20M$98.12M$66.86M$86.52M$118.60M$103.81M

Pangaea Logistics Solutions's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Voyage (96.76%), and Charter (3.24%).

Pangaea Logistics Solutions Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
GNKGenco Shipping & Trading$383.82B$99.33B
MATXMatson$3.09B$962.00M
KEXKirby$3.09B$831.15M
CMRECostamare$1.51B$475.43M
NMMNavios Maritime Partners$1.31B$318.56M
DACDanaos$952.38M$249.95M
GOGLGolden Ocean Group$885.77M$246.74M
GSLGlobal Ship Lease$674.79M$179.56M
PANLPangaea Logistics Solutions$499.27M$153.12M
CLCOCool$393.32M$81.30M
ESEAEuroseas$189.36M$46.72M
EDRYEuroDry$47.59M$14.42M
HSHPHimalaya Shipping$38.12M$22.92M

PANL Revenue FAQ

What is Pangaea Logistics Solutions’s yearly revenue?

Pangaea Logistics Solutions's yearly revenue for 2023 was $499.27M, representing a decrease of -28.65% compared to 2022. The company's yearly revenue for 2022 was $699.71M, representing a decrease of -2.56% compared to 2021. PANL's yearly revenue for 2021 was $718.1M, representing an increase of 87.55% compared to 2020.

What is Pangaea Logistics Solutions’s quarterly revenue?

Pangaea Logistics Solutions's quarterly revenue for Q3 2024 was $153.12M, a 16.44% increase from the previous quarter (Q2 2024), and a 12.90% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $131.5M, a 25.54% increase from the previous quarter (Q1 2024), and a 11.37% increase year-over-year (Q2 2023). PANL's quarterly revenue for Q1 2024 was $104.75M, a -20.58% decrease from the previous quarter (Q4 2023), and a -7.87% decrease year-over-year (Q1 2023).

What is Pangaea Logistics Solutions’s revenue growth rate?

Pangaea Logistics Solutions's revenue growth rate for the last 3 years (2021-2023) was -30.47%, and for the last 5 years (2019-2023) was 21.12%.

What are Pangaea Logistics Solutions’s revenue streams?

Pangaea Logistics Solutions's revenue streams in c 23 are Charter, and Voyage. Charter generated $23.72M in revenue, accounting 4.82% of the company's total revenue, down -60.26% year-over-year. Voyage generated $468.58M in revenue, accounting 95.18% of the company's total revenue, down -26.79% year-over-year.

What is Pangaea Logistics Solutions’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Pangaea Logistics Solutions was Voyage. This segment made a revenue of $468.58M, representing 95.18% of the company's total revenue.