Global Ship Lease vs Pangaea Logistics Solutions
Global Ship Lease is the larger business, with $766m of revenue in fiscal 2025 against $632m for Pangaea Logistics Solutions (1.2 times as much). Pangaea Logistics Solutions grew faster (17.8% against 7.8%). Global Ship Lease kept more of each dollar of sales as profit: a net margin of 54.3% against 3.1%. Global Ship Lease carries less debt relative to equity (38.6% against 58.1%).
| Latest fiscal year | Global Ship LeaseGSL, 2025 | Pangaea Logistics SolutionsPANL, 2025 |
|---|---|---|
| Revenue | $766m | $632m |
| Revenue growth | 7.8% | 17.8% |
| Net income | $416m | $19.4m |
| Operating margin | 56.8% | 6.5% |
| Net margin | 54.3% | 3.1% |
| Return on equity | 25.5% | 4.5% |
| Free cash flow | $514m | $49.4m |
| Cash | $274m | $103m |
| Total debt | $695m | $250m |
| Debt to equity | 38.6% | 58.1% |
| Dividend per share | — | — |
| Dividend yield | 5.3% | 4.7% |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $1.45bn | $499m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | 40 (Weak) |
| Insider trades, 12 months | 0 buys, 8 sales | 0 buys, 3 sales |