PANL
Pangaea Logistics Solutions, Ltd.
PANL has a slight edge over RDW overall, supported by lower modeled downside and stronger valuation.
RDW
Redwire Corporation
RDW offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
PANL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Unavailable | |
| Strong |
PANL's revenue, profitability and balance sheet are currently healthy. There isn't enough data to rate its cash flow.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
PANL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.3x | $3.76 | -60% |
| Fair | 8.3x | $9.43 | -0.4% |
| Current | 8.3x | $9.46 | — |
| Forward | 9.3x | $9.46 | — |
| Expensive | 14x | $15.73 | +66% |
Historical ranges are pointers, not guarantees.
PANL's PE is in its fair range at 8.3x. On analysts' estimates for next year's earnings, today's price would be 9.3x.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
PANL Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for PANL, with profitability improving.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
PANL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.02 | -11% |
| Q3 2026 | $1.14 | +268% |
| Q2 2026 | $0.74 | +222% |
| Q1 2026 | $0.54 | +54% |
| Q4 2025 | $0.30 | -52% |
| Q3 2025 | $0.31 | -34% |
| Q2 2025 | $0.23 | -71% |
| Q1 2025 | $0.35 | -54% |
| Q4 2024 | $0.63 | +6.8% |
PANL has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
PANL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $219.1M | +30% |
| Q2 2026 | $187.1M | +19% |
| Q1 2026 | $170.6M | +39% |
| Q4 2025 | $183.9M | +25% |
| Q3 2025 | $168.7M | +10% |
| Q2 2025 | $156.7M | +19% |
| Q1 2025 | $122.8M | +17% |
| Q4 2024 | $147.2M | +12% |
PANL's revenue has grown year over year for 10 quarters in a row: $219M last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +9.9 points |
| Q2 2026 | 11% | +9.1 points |
| Q1 2026 | 6.1% | +3.8 points |
| Q4 2025 | 9.5% | -0.6 points |
| Q3 2025 | 10% | +0.2 points |
| Q2 2025 | 2.3% | -3.5 points |
| Q1 2025 | 2.4% | -8.1 points |
| Q4 2024 | 10% | +2 points |
PANL has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
PANL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $57.3M | +100% |
| Q2 2026 | $21.4M | +49% |
| Q1 2026 | $4.5M | +$8.8M |
| Q3 2025 | $28.6M | +0.4% |
| Q2 2025 | $14.4M | +61% |
| Q1 2025 | -$4.4M | -148% |
| Q3 2024 | $28.5M | +75% |
| Q2 2024 | $9M | +346% |
PANL generated $112M in free cash flow over the past year, up 135% from the year before.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
PANL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -124K shares |
| 1 year | +0.1% | +78.3K shares |
| 3 years | +44% | +19.8M shares |
| 5 years | +45% | +20.2M shares |
| Available history | +50% | +21.6M shares |
PANL has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
PANL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 2.6x | Moderate |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.2x | Moderate |
PANL's net debt is less than a year of its operating earnings (EBITDA), down from 2.1 years a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
PANL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.2 | Neutral |
| Stochastic | 68.6 | Neutral |
PANL's weekly RSI is 64 (neutral) and its Stochastic is 69 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
PANL PE vs Industrials Sector
| Metric | PANL | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 24x | 66% below |
| PE % | 50 | 58 | 8 pts below |
PANL is trading at 8.3x earnings, a 66% discount to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
PANL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.16 | 16% above |
| 20 week MA | $7.88 | 20% above |
| 50 week MA | $7.70 | 23% above |
| 100 week MA | $6.39 | 48% above |
| 200 week MA | $6.58 | 44% above |
PANL has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
PANL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.96 | $2.69 | -9.1% |
| 2021 | $2.69 | $3.71 | +38% |
| 2022 | $3.71 | $5.22 | +41% |
| 2023 | $5.22 | $8.24 | +58% |
| 2024 | $8.24 | $4.89 | -41% |
| 2025 | $4.89 | $6.91 | +41% |
| 2026 YTD | $6.91 | $9.46 | +37% |
PANL has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.