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Pamt (PAMT) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Pamt (PAMT) Q3 2026 earnings results →

Q3 2026 Revenue up 8% year over year to $163M · 5¢ of every $1 of revenue lost · operating margin -3.1%

Pamt made $163M in Q3 2026 (+8% Y/Y): Freight Transportation Service $136M, Fuel Surcharge $26.6M. Operating margin -3.1%, net loss $8.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$163M
Year over year+8%
Operating margin-3.1%
Net earnings−$8.1M
Operating cash flow−$966K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $162.5M in Q3 2026, up 8% year over year and down 1% from the previous quarter. Freight Transportation Service was the largest line at 84% of revenue. Fuel Surcharge added $9.2M year over year (up 53%), 75% of the total change.

Operating costs exceeded revenue by $5.0M, an operating margin of -3.1%. Total costs grew 7% against revenue growth of 8%. The quarter ended with a net loss of $8.1M, wider than the previous quarter's $7.4M loss. Net interest and other expense of $5.5M was the main reason.

Operating cash flow was −$1.0M. Non-cash charges added back $19.5M of depreciation and $142K of share-based compensation. Working capital and other items used $12.5M. Capital expenditures of $3.2M exceeded it, leaving free cash flow of −$4.1M.

Quarterly history

Pamt revenue by quarterPamt revenue by quarter$155MQ1 2025$151MQ2 2025$150MQ3 2025$141MQ4 2025$142MQ1 2026$165MQ2 2026$163MQ3 2026
Pamt net earnings by quarterPamt net earnings by quarter−$8.1MQ1 2025−$9.6MQ2 2025−$5.6MQ3 2025−$29.3MQ4 2025−$8KQ1 2026−$7.4MQ2 2026−$8.1MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$163M+8%-3.1%−$8.1M−$966K
Q2 202610-QAug 7, 2026$165M+9%-6.3%−$7.4M−$14.0M
Q1 202610-QMay 8, 2026$142M-9%-0.2%−$8K−$2.7M
Q4 202510-KMar 12, 2026$141M-15%-27.0%−$29.3M−$5.8M
Q3 202510-QNov 5, 2025$150M-18%-3.8%−$5.6M$5.9M
Q2 202510-QAug 8, 2025$151M-17%-7.3%−$9.6M$12.2M
Q1 202510-QMay 9, 2025$155M-15%-5.9%−$8.1M$5.0M

Charts

Pamt: revenue growth, year over year and quarter over quarterPamt: revenue growth, year over year and quarter over quarterY/YQ/Q-15%Q1 2025-17%-3%Q2 2025-18%-1%Q3 2025-15%-6%Q4 2025-9%+0%Q1 2026+9%+16%Q2 2026+8%-1%Q3 2026
Latest (Q3 2026): Y/Y +8%, Q/Q -1%.
Pamt: where the cash came from (+) and went (−), TTM to Q3 2026Pamt: where the cash came from (+) and went (−), TTM to Q3 2026Other investing$93.1MNet borrowing (+) / repaid (−)−$91.6MCash drawn (+) / kept (−)$63.3MCapital spending−$41.1MOperating cash flow−$23.5MBuybacks−$218K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Pamt: profit against cash, quarter by quarterPamt: profit against cash, quarter by quarterNet incomeOperating cash flow−$31.6M$15.2MQ4 2024−$8.1M$5.0MQ1 2025−$9.6M$12.2MQ2 2025−$5.6M$5.9MQ3 2025−$29.3M−$5.8MQ4 2025−$8K−$2.7MQ1 2026−$7.4M−$14.0MQ2 2026−$8.1M−$966KQ3 2026
Latest (Q3 2026): Net income −$8.1M, Operating cash flow −$966K.
Pamt: diluted shares by fiscal yearPamt: diluted shares by fiscal year23MFY202023MFY202122MFY202222MFY202322MFY202421MFY2025
-8.1% since FY2020: buybacks shrank the count.
Pamt: long-term debt falling due (FY2025)Pamt: long-term debt falling due (FY2025)$65.5M2026$71.8M2027$57.9M2028$60.3M2029$53.5M2030$24.8MLater
Cash $35.2M, short-term investments $48.5M, long-term debt $334M at 2025-12-31.
Pamt in its industry: growth against margin (13 companies, SIC 4213)Pamt in its industry: growth against margin (13 companies, SIC 4213)revenue growth, year over year →↑ operating marginmedian +14%median 4%JBHTKNXODFLSNDRLSTRARCBSAIAWERNULHCVLGMRTNHTLDPAMT (+8%, -3%)
Trucking (No Local); dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Pamt

Unless the context otherwise requires, all references in this Annual Report on Form 10-K to the “Company,” “we,” “our,” or “us” mean PAMT CORP and its subsidiaries. We are a holding company that owns subsidiaries engaged in providing truckload dry van carrier services transporting general commodities throughout the continental United States and Mexico, as well as in certain Canadian provinces. Our consolidated operating subsidiaries also provide transportation services in Mexico under agreements with Mexican carriers. Our freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units.

In its own words, from its 10-K, filed Mar 12, 2026.

Pamt against its Trucking (No Local) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +16%. Operating margin: -3.1% against the peers' median 6.1%.

CompanyQuarterRevenueY/YOp. margin
PAMT PamtQ3 2026$163M+8%-3.1%
JBHT Hunt J B Transport ServicesQ3 2026$3.7B+20%6.7%
KNX Knight-Swift Transportation HoldingsQ3 2026$2.2B+14%8.1%
ODFL Old Dominion Freight LineQ3 2026$1.6B+13%28.5%
SNDR Schneider NationalQ3 2026$1.6B+9%3.9%
LSTR Landstar SystemQ3 2026$1.5B+25%4.3%
ARCB ArcbestQ3 2026$1.2B+16%6.1%
SAIA SaiaQ3 2026$982M+17%12.4%
WERN Werner EnterprisesQ3 2026$951M+23%1.8%

Source: Pamt 10-Q on SEC EDGAR · CIK 798287 · Trucking (No Local)

Guidance and outlook

Pamt: what its forward-looking statements are about (10-Q filed 2026-11-06)Pamt: what its forward-looking statements are about (10-Q filed 2026-11-06)Demand1Other1Supply chain1Capital spending1Buybacks & dividends1
5 statements; tone +0.20 (−1 all cautious, +1 all confident); 0 hedged.
Pamt: outlook statements against the filing beforePamt: outlook statements against the filing beforeConfident1

13F: who owns PAMT and who is buying

Largest holders of PAMT (13F)Largest holders of PAMT (13F)Dimensional Fund Advisors LP$18.3MRenaissance Technologies LLC$11.8MBlackRock$6.2MVanguard Group$3.6MVanguard Capital Management LLC$3.2MBridgeway Capital Management, LLC$2.9MPacific Ridge Capital Partners, L…$2.7MGeode Capital Management, LLC$1.9MHorrell Capital Management$883KState Street$864K
Funds' net buying of PAMT by quarter (13F)Funds' net buying of PAMT by quarter (13F)$1.5M2024-09−$352K2024-12−$377K2025-03−$6.8M2025-06−$377K2025-09−$545K2025-12−$700K2026-03−$383K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PAMT

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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