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Navigator Holdings vs Pangaea Logistics Solutions

Navigator Holdings and Pangaea Logistics Solutions are similar in size: $587m and $632m of revenue in their latest fiscal years. Pangaea Logistics Solutions grew faster (17.8% against 3.6%). Navigator Holdings kept more of each dollar of sales as profit: a net margin of 17.1% against 3.1%. Navigator Holdings carries less debt relative to equity (25.0% against 58.1%).

Latest fiscal yearNavigator HoldingsNVGS, 2025Pangaea Logistics SolutionsPANL, 2025
Revenue $587m $632m
Revenue growth 3.6% 17.8%
Net income $100m $19.4m
Operating margin 28.2% 6.5%
Net margin 17.1% 3.1%
Return on equity 8.2% 4.5%
Free cash flow $117m $49.4m
Cash $155m $103m
Total debt $306m $250m
Debt to equity 25.0% 58.1%
Dividend per share — —
Dividend yield 1.1% 4.7%
Share buybacks — —
Employees — —
Market value $1.32bn $499m
Price vs our value range Below our value range Below our value range
Moat score — 40 (Weak)
Insider trades, 12 months 0 buys, 4 sales 0 buys, 3 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.