Filing Flows › Comparisons › PANL vs SMHI
Pangaea Logistics Solutions vs Seacor Marine Holdings: PANL and SMHI compared
Pangaea Logistics Solutions is the larger company: $219M of revenue in its latest quarter (Q3 2026) against $57.3M for Seacor Marine Holdings (Q3 2026). Pangaea Logistics Solutions is growing faster (+30% against -3% a year earlier). Pangaea Logistics Solutions is more profitable, with an operating margin of 19.9% against -2.4%.
Where the money goes: PANL and SMHI
Pangaea Logistics Solutions (PANL) · Q3 2026
Pangaea Logistics Solutions, Q3 2026: revenue $219M (+30% year over year), operating margin 19.9%, net earnings $38.3M, operating cash flow $57.3M. The chart follows the revenue to costs, profit and cash.
Seacor Marine Holdings (SMHI) · Q3 2026
Seacor Marine Holdings, Q3 2026: revenue $57.3M (-3% year over year), operating margin -2.4%, net loss $9.5M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Pangaea Logistics Solutions (PANL) | Seacor Marine Holdings (SMHI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $219M | $57.3M |
| Revenue growth, Y/Y | +30% | -3% |
| Operating margin | 19.9% | -2.4% |
| Net earnings | $38.3M | −$9.5M |
| Net margin | 17.5% | -16.5% |
| Operating cash flow | $57.3M | −$3.1M |
| Free cash flow | $55.2M | — |
Where the revenue comes from
Pangaea Logistics Solutions
- Voyage revenue: $193M (88%)
- Charter revenue: $18.8M (9%)
- All other revenue: $7.1M (3%)
Seacor Marine Holdings
- Time Charter: $52.2M (91%)
- Other Marine Services: $4.2M (7%)
- Bareboat Charter: $846K (1%)
Questions
Which is bigger, Pangaea Logistics Solutions or Seacor Marine Holdings?
Pangaea Logistics Solutions is the larger company: $219M of revenue in its latest quarter (Q3 2026) against $57.3M for Seacor Marine Holdings (Q3 2026).
Is Pangaea Logistics Solutions or Seacor Marine Holdings growing faster?
Pangaea Logistics Solutions is growing faster (+30% against -3% a year earlier).
Which is more profitable, Pangaea Logistics Solutions or Seacor Marine Holdings?
Pangaea Logistics Solutions is more profitable, with an operating margin of 19.9% against -2.4%.
More: Pangaea Logistics Solutions earnings · how Pangaea Logistics Solutions makes money · Seacor Marine Holdings earnings · how Seacor Marine Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.