PAMT CORP PAMT
We are a holding company that owns subsidiaries engaged in providing truckload dry van carrier services transporting general commodities throughout the continental United States and Mexico, as well as in certain Canadian provinces. Our consolidated operating subsidiaries also provide transportation services in Mexico under agreements with Mexican carriers. Our freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units.
PAMT CORP (formerly P.A.M. Transportation Services, Inc.) is a holding company incorporated under the laws of the State of Nevada in November 2024 and previously incorporated under the laws of the State of Delaware in June 1986. We conduct operations and hold assets principally through the following wholly-owned subsidiaries: P.A.M. Transport, Inc., Met Express, Inc., Costar Real Estate Holdings, Inc., Costar Equipment, Inc., Costar Management, Inc., Select CDL Driving School, Inc., Unmoored Realty, LLC, T.T.X., LLC, P.A.M. Cartage Carriers, LLC, Overdrive Leasing, LLC, Choctaw Express, LLC, Choctaw Brokerage, Inc., Transcend Logistics, Inc., Decker Transport Co., LLC, East Coast Transport and Logistics, LLC, S & L Logistics, Inc., P.A.M. International, Inc., P.A.M. Mexico Holdings LLC and PAMEX, LLC. Our operating authorities are held by P.A.M. Transport, Inc., Met Express, Inc., P.A.M. Cartage Carriers, LLC, Choctaw Express, LLC, Choctaw Brokerage, Inc., T.T.X., LLC, Decker Transport Co., LLC, and East Coast Transport and Logistics, LLC.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $598.1M | $714.6M | $810.8M | $946.9M | $707.1M | $486.8M | $514.2M | $533.3M | $437.8M | $432.9M |
| Total operating expenses | $662.1M | $751.4M | $780.5M | $823.1M | $606.9M | $452.9M | $501.6M | $491.7M | $425.2M | $412.9M |
| Operating income | -$64.1M | -$36.8M | $30.3M | $123.8M | $100.2M | $33.9M | $12.5M | $41.6M | $12.7M | $19.9M |
| Interest expense | $17.5M | $13.2M | $9.2M | $7.9M | $8.0M | $8.8M | $8.7M | $6.2M | $3.9M | $3.6M |
| Pre-tax income | -$70.3M | -$41.5M | $28.6M | $119.0M | $102.5M | $23.4M | $10.1M | $31.3M | $14.6M | $17.8M |
| Income tax | $17.7M | $9.8M | $10.2M | $28.3M | $26.0M | $5.6M | $2.2M | $7.3M | $24.3M | $6.7M |
| Net income | -$52.6M | -$31.8M | $18.4M | $90.7M | $76.5M | $17.8M | $7.9M | $24.0M | $38.9M | $11.1M |
| EPS, basic | -2.48 | -1.45 | 0.83 | 4.08 | 3.37 | 0.77 | 0.68 | 3.94 | 6.14 | 1.68 |
| EPS, diluted | -2.48 | -1.45 | 0.83 | 4.04 | 3.35 | 0.77 | 0.67 | 3.90 | 6.08 | 1.67 |
| Shares, diluted (wtd. avg.) | $21.2M | $21.9M | $22.2M | $22.4M | $22.9M | $23.1M | $11.8M | $6.2M | $6.4M | $6.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $35.2M | $68.1M | $100.6M | $74.1M | $18.5M | $337.0K | $318.0K | $282.0K | $224.0K | $137.0K |
| Short-term investments | $48.5M | $42.6M | $43.2M | $41.7M | $39.4M | $27.9M | $29.5M | $27.5M | $26.7M | $27.6M |
| Receivables | $66.9M | $80.0M | $80.6M | $134.7M | $121.9M | $77.7M | $61.8M | $63.4M | $59.1M | $56.1M |
| Inventory | $2.3M | $2.4M | $2.3M | $2.6M | $1.5M | $1.3M | $1.3M | $1.5M | $1.7M | $1.9M |
| Total current assets | $171.2M | $211.8M | $251.0M | $280.8M | $199.6M | $123.5M | $105.9M | $108.7M | $102.2M | $100.3M |
| Property, plant and equipment | $516.8M | $527.2M | $504.7M | $463.6M | $384.2M | $450.8M | $387.3M | $354.6M | $286.9M | $277.4M |
| Total assets | $697.9M | $741.7M | $760.5M | $749.2M | $587.4M | $578.6M | $498.0M | $466.1M | $392.2M | $380.1M |
| Accounts payable | $32.8M | $31.2M | $62.7M | $48.9M | $43.4M | $46.1M | $16.6M | $20.0M | $19.6M | $16.1M |
| Short-term debt | $65.5M | $73.0M | $57.6M | $58.8M | $49.5M | $57.8M | $67.6M | $63.9M | $73.6M | $42.8M |
| Total current liabilities | $139.4M | $118.8M | $137.1M | $142.0M | $111.4M | $130.5M | $124.8M | $107.4M | $110.9M | $81.2M |
| Long-term debt | $268.3M | $252.6M | $204.1M | $205.5M | $172.7M | $228.3M | $174.2M | $157.3M | $99.0M | $124.4M |
| Total liabilities | $487.4M | $464.1M | $446.2M | $449.0M | $371.3M | $428.6M | $364.0M | $326.6M | $264.6M | $285.9M |
| Retained earnings | $197.5M | $250.1M | $281.9M | $263.5M | $301.4M | $224.8M | $207.0M | $199.1M | $167.7M | $128.6M |
| Total equity | $210.5M | $277.5M | $314.2M | $300.2M | $216.1M | $150.0M | $134.0M | $139.4M | $127.6M | $94.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $17.3M | $59.0M | $114.6M | $168.8M | $101.7M | $67.6M | $84.3M | $82.3M | $50.6M | $47.7M |
| Depreciation and amortisation | $83.3M | $99.3M | $64.6M | $62.8M | $55.0M | $56.2M | $55.1M | $49.4M | $42.3M | $39.1M |
| Stock-based compensation | $548.0K | $723.0K | $553.0K | $715.0K | $441.0K | $460.0K | $912.0K | $732.0K | $614.0K | $302.0K |
| Capital expenditure | $40.7M | $140.8M | $34.1M | $64.0M | $19.1M | $48.2M | $79.4M | $73.9M | $67.7M | $86.1M |
| Investing cash flow | $18.4M | -$100.2M | -$11.3M | -$113.5M | $9.2M | -$32.7M | -$62.3M | -$55.3M | -$45.3M | -$53.1M |
| Financing cash flow | -$68.6M | $8.6M | -$76.8M | $290.0K | -$92.8M | -$34.9M | -$22.0M | -$27.0M | -$5.2M | $5.4M |
| Buybacks | $14.9M | $5.3M | $4.7M | $7.0M | $10.8M | $2.3M | $14.3M | $13.4M | $6.3M | $21.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-007960.
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