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what it is
PAMT hauls freight and runs logistics services across the U.S., Canada, and Mexico.
how it gets paid
Last year Pamt made $598M in revenue.
why growth slowed
Revenue fell 16.3% last year. The $457M revenue print mattered because it jumped 204% vs. prior year.
what just happened
PAMT put up $457M of revenue, but EPS still landed at -$1.10.
At a glance
C+ balance sheet — struggling to keep the lights on
15/100 earnings predictability — expect surprises
4.4% return on capital — nothing to write home about
-$1.45 fy2024 eps est
$715M fy2024 rev est
xvary composite: 30/100 — weak
What they do
PAMT hauls freight and runs logistics services across the U.S., Canada, and Mexico.
PAMT is not a moat story. It is a niche story. It moves freight through two Mexico gateways, Laredo and El Paso, and employs 2,286 people. Substantially all revenue comes from hauling freight, so your supply chain depends on real trucks, not slides.
How they make money
$598M
annual revenue · revenue declined -16.3% last year
total revenue
$598M
16.3%
The products that matter
hauls customer freight
Truckload Transportation
core business · tied to the $598M revenue base
this is the operating heart of the company, and that $598M revenue base still produced a $52.6M annual loss. volume without margin is just mileage.
asset-heavy
matches loads with carriers
Logistics & Brokerage
support segment · no segment dollars shown here
it broadens the service offering, but this snapshot gives you no segment profit data. When the company loses $52.6M overall, you should not assume brokerage is quietly saving the model.
supplemental
turnaround variable
Management Execution
new CEO since aug 2025
lance k. stewart moved from CFO to CEO in august 2025. On a company with five consecutive quarterly losses, leadership is not background context — it is part of the product.
catalyst watch
Key numbers
62%
debt mix
Long-term debt equals 62% of capital. That is the kind of leverage that turns a bad freight year into a balance-sheet year.
$598M
annual revenue
Sales fell 16.3% vs. prior year. Smaller revenue plus a -10.7% margin is the wrong direction.
10.7%
op margin
Operations are losing money. That means more volume does not automatically fix profit.
4.4%
roce
You get 4.4 cents of profit for each dollar tied up. That is weak next to $274M of debt.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 4 — safer than 20% of stocks
- price stability 20 / 100
- long-term debt $274M (62% of capital)
C+ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for PAMT right now.
source: institutional data · return history unavailable
What just happened
missed estimates
PAMT put up $457M of revenue, but EPS still landed at -$1.10.
Revenue was up 204% from a weak base, but the business still lost money. Gross margin was 11.87%, which is thin for a trucking company that needs every mile to pay.
$457M
revenue
-$1.10
eps
11.87%
gross margin
the number that mattered
The $457M revenue print mattered because it jumped 204% vs. prior year, yet the company still lost $1.10 a share.
source: EDGAR filing and company earnings report, 2026
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What could go wrong
the top risk is continued quarterly losses under a debt-heavy balance sheet.
high
Losses keep compounding
Q4 alone lost $29.3M, and the full year lost $52.6M on $598M of revenue.
If that run-rate continues, the turnaround math gets ugly fast.
high
Debt limits flexibility
Long-term debt sits at $274M, which is 62% of capital, while the balance sheet grade is only C+.
That makes a weak year harder to absorb and a strong year more necessary.
med
Turnaround depends on new leadership
Lance K. Stewart moved from CFO to CEO in august 2025 after the business had already entered a five-quarter losing streak.
You are underwriting execution before you have evidence.
med
Thin institutional sponsorship
About 22% of shares are institutionally owned.
Fewer natural long-term holders can mean sharper moves when sentiment breaks.
A $168M company carrying $274M of long-term debt and losing $52.6M a year does not have much room for another miss.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
next earnings report
estimated between may 11 and may 21, 2026. You need to see whether the quarterly loss is still anywhere near $29.3M.
metric
revenue stabilization
last year revenue fell 16.3% to $598M. A turnaround gets easier once the top line stops shrinking.
risk
balance-sheet strain
long-term debt is already $274M, or 62% of capital. More strain here would make the equity story much harder.
trend
loss streak
the company has posted five consecutive quarterly losses. The first quarter that breaks the streak matters more than any presentation deck.
Analyst rankings
earnings predictability
15 / 100
earnings predictability: 15/100. in human-speak, analysts do not trust this business to produce steady numbers quarter to quarter.
risk rank
4
risk rank: 4. This sits in the riskier part of the market, which fits a small trucking turnaround carrying $274M of debt.
source: institutional data
Institutional activity
institutional ownership data for PAMT is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$12
current price
n/a
target midpoint · n/a from current
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