Pamt Corp.
- Open
- 14.94
- Day high
- 14.94
- Day low
- 13.67
- Prev close
- 14.84
- Volume
- 16K
- Mkt cap
- $286M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.4
- P/S
- 0.5
- Yield
- —
- Per share
- —
Pamt Corp. (PAMT) is a Industrials company listed on NASDAQ. The stock is up 9% over the past year.
Pamt Corp. (PAMT) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PAMT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $-0.13 | $-0.46 | -253.8% | $142M | -17.3% |
| Oct 28, 2025 | $-0.24 | $-0.27 | -12.5% | $150M | -6.6% |
| Jul 25, 2025 | $-0.22 | $-0.46 | -109.1% | $151M | -6.0% |
| Apr 23, 2025 | $-0.20 | $-0.37 | -85.0% | $155M | -9.8% |
| Oct 24, 2024 | $0.02 | $0.11 | +450.0% | $183M | -0.6% |
| Jul 24, 2024 | $0.08 | $-0.13 | -262.5% | $183M | -2.0% |
| Mar 31, 2024 | $0.07 | $0.01 | -81.9% | $183M | +0.5% |
| Dec 31, 2023 | $0.20 | $-0.10 | -150.7% | $180M | -8.4% |
| Sep 30, 2023 | $0.23 | $0.28 | +19.7% | $202M | -1.5% |
| Jun 30, 2023 | $0.55 | $0.42 | -23.6% | $207M | -5.2% |
| Sep 30, 2022 | $0.80 | $1.09 | +36.3% | $253M | +5.8% |
| Jun 30, 2022 | — | $1.08 | — | $237M | — |
PAMT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 12, 2026 | Bishop Michael D.director | Grant | 968 | $10.32 |
| May 12, 2026 | MCLARTY FRANKLINdirector | Grant | 484 | $10.32 |
| May 12, 2026 | Moroun Matthew J.director | Grant | 1,453 | $10.32 |
| May 12, 2026 | MOROUN MATTHEW Tdirector, 10 percent owner: | Grant | 1,453 | $10.32 |
| Feb 11, 2026 | STEWART LANCEdirector, officer: President and CEO | Tax | 11,354 | $12.03 |
| Sep 15, 2025 | MOROUN MATTHEW Tdirector, 10 percent owner: | Buy | 2,000,000 | $10.74 |
| Sep 15, 2025 | MOROUN MATTHEW Tdirector, 10 percent owner: | Sell | 2,000,000 | $10.74 |
| Aug 5, 2025 | STEWART LANCEdirector, officer: President & CEO | Grant | 100,000 | — |
| May 15, 2025 | MOROUN MATTHEW Tdirector, 10 percent owner: | Grant | 954 | $15.71 |
| May 15, 2025 | Lukas Edwin J.director | Grant | 954 | $15.71 |
| May 15, 2025 | Bishop Michael D.director | Grant | 954 | $15.71 |
| May 15, 2025 | Moroun Matthew J.director | Grant | 954 | $15.71 |
| Feb 12, 2025 | Vitiritto Joseph A.director, officer: President and CEO | Tax | 2,376 | $15.65 |
| Jan 29, 2025 | Vitiritto Joseph A.director, officer: President and CEO | Grant | 32,500 | — |
| Feb 3, 2014 | KEITEL WILLIAM Edirector | Grant | 3,198 | — |
Source: PAMT SEC Form 4 filings, latest May 12, 2026. For informational purposes only — not investment advice.
See the full PAMT insider & 13F page →Pamt Corp. company profile
Overview
Pamt Corp. (NASDAQ:PAMT) is a truckload transportation and logistics company that has been operating in the North American freight industry for over four decades. Founded in 1980 and headquartered in Tontitown, Arkansas, the company went public in 1986 and was formerly known as P.A.M. Transportation Services, Inc. before changing its name to Pamt Corp. in November 2024. The company operates across the United States, Mexico, and Canada, providing essential freight transportation services that connect manufacturers, retailers, and consumers across North America's supply chains.
Business
Pamt Corp. operates in the trucking and logistics industry, which forms the backbone of North America's freight transportation system. The trucking industry is responsible for moving approximately 70% of all freight tonnage in the United States, making it essential for commerce and economic activity. Companies like Pamt serve as the critical link between manufacturers, distributors, and retailers by transporting goods across long distances. The company's core business consists of two main segments. The primary segment is truckload transportation services, which involves hauling full trailer loads of freight directly from one location to another without intermediate stops or cargo transfers. This differs from less-than-truckload (LTL) services where multiple customers' shipments are consolidated. Pamt operates a fleet of 2,200 trucks, including 300 independent contractor trucks, along with 8,567 trailers as of December 2023. The company specializes in transporting dry van freight, which refers to goods that don't require temperature control or special handling. Their cargo includes automotive parts for the manufacturing sector, expedited goods requiring time-sensitive delivery, consumer goods such as general retail merchandise destined for stores, and manufactured goods including heating and air conditioning units. This diversified freight portfolio helps reduce dependence on any single industry sector. The secondary segment is brokerage and logistics services, where Pamt acts as an intermediary between shippers who need freight moved and carriers who provide transportation capacity. In this role, they don't use their own trucks but instead coordinate shipments using third-party carriers, earning commissions on these transactions. This asset-light model complements their core trucking operations and provides additional revenue streams.
Revenue model
Pamt Corp. generates revenue through two primary business models. The dominant revenue source comes from truckload transportation services, where the company charges customers based on mileage, weight, and type of freight being transported. Customers typically include manufacturers, retailers, distributors, and other businesses that need to move large quantities of goods between locations. Payment is usually structured as a rate per mile or a flat fee per load, with rates varying based on factors like distance, freight type, fuel costs, and market demand. The secondary revenue stream comes from brokerage and logistics services, where Pamt earns commissions by matching shippers with third-party carriers. In this model, they charge shippers a rate for transportation services and pay carriers a lower rate, keeping the difference as gross profit. This requires minimal capital investment compared to owning trucks and trailers. Several factors significantly impact the company's profitability margins. Fuel costs represent one of the largest variable expenses, as diesel price fluctuations directly affect operating costs. Most contracts include fuel surcharges to help offset this volatility, but timing differences can impact short-term margins. Driver wages and availability critically affect operations, as the trucking industry faces chronic driver shortages, pushing up compensation costs. Equipment utilization rates determine how efficiently the company generates revenue from its truck and trailer investments - higher utilization spreads fixed costs over more revenue miles. Freight demand cycles heavily influence pricing power and margins. During economic expansions, strong freight demand allows for higher rates, while recessions typically lead to rate compression as shippers reduce volumes. Regulatory compliance costs including electronic logging devices, safety requirements, and environmental standards create ongoing expense pressures. Maintenance and fuel efficiency of the truck fleet affects operating costs, with newer equipment generally providing better fuel economy but requiring higher capital investments.
Competitive moat
Pamt Corp. operates in the highly competitive and fragmented trucking industry, where establishing a strong economic moat is challenging. The company's competitive advantages are relatively modest compared to businesses with stronger moats. Their primary defensive characteristics include operational scale and route density, which allows for better utilization of equipment and drivers across their network. With over 40 years of operating history, Pamt has developed relationships with customers and understanding of freight lanes that provide some stability. The company's safety record and regulatory compliance capabilities offer some differentiation, as customers increasingly prioritize working with carriers that maintain high safety standards and can navigate complex regulatory requirements. Their experience operating across the U.S., Mexico, and Canada provides expertise in cross-border logistics that not all competitors possess. However, the trucking industry's fundamental characteristics limit moat strength. Low barriers to entry allow new competitors to enter the market relatively easily, as the primary requirements are obtaining commercial licenses, purchasing or leasing trucks, and securing insurance. The industry faces intense price competition, and freight rates are largely determined by supply and demand dynamics rather than unique value propositions. Technology disruption poses long-term threats, including autonomous vehicles that could eventually reduce or eliminate the need for human drivers, and digital freight matching platforms that make it easier for shippers to find transportation capacity. Additionally, asset-light brokerage models are gaining market share by offering similar services without the capital requirements of owning trucks and trailers. The company's moat is relatively weak, making it vulnerable to competitive pressures, economic cycles, and technological changes that could compress margins or reduce market share over time.
Risks & safety
Pamt Corp. presents a mixed margin of safety profile with concerning recent performance trends but reasonable financial stability. • Cash position and liquidity: The company maintains $68.1 million in cash and short-term investments with a current ratio of 1.78, providing adequate short-term liquidity coverage. • Debt and solvency: Debt-to-equity ratio of 1.17 indicates moderate leverage levels that are manageable but not conservative. The company generated positive operating cash flow of $59.0 million in 2024 despite net losses. • Profitability concerns: 2024 net loss of $31.8 million represents a significant deterioration from 2023's $18.4 million profit and 2022's strong $90.7 million profit, indicating cyclical pressures. • Valuation metrics: Trading at 1.29x book value and 7.75x EV/EBITDA based on 2024 results. The negative free cash flow of $81.7 million in 2024 reflects heavy capital expenditures exceeding cash generation. • Asset coverage: Total assets of $741.7 million provide reasonable coverage for $464.1 million in total liabilities, though the Graham net-net working capital position is negative. • Cyclical risk: The trucking industry's cyclical nature and current margin pressures suggest earnings volatility will continue, limiting predictability of future cash flows.
Recent development
Based on the available financial data, Pamt Corp. has experienced significant operational challenges over the past few years, reflecting broader industry headwinds. The most notable development was the company's name change from P.A.M. Transportation Services to Pamt Corp. in November 2024, representing a rebranding effort that may signal strategic repositioning. The company's financial performance shows a dramatic cyclical downturn from peak profitability. Revenue declined from $946.9 million in 2022 to $714.6 million in 2024, a 25% decrease reflecting weakened freight demand and pricing pressure. More concerning, profitability collapsed from $90.7 million net income in 2022 to a $31.8 million loss in 2024, highlighting the industry's margin compression during the current freight recession. Capital allocation strategy shifted significantly, with free cash flow turning negative to $81.7 million in 2024 compared to positive $104.9 million in 2022. This reflects continued heavy investment in fleet renewal and expansion despite challenging market conditions. The company maintained its truck count around 2,200 units while managing through the downturn. Balance sheet management shows the company drawing down cash reserves from $100.6 million at the end of 2023 to $68.1 million by late 2024, using liquidity to fund operations and capital expenditures during the challenging period. The debt-to-equity ratio increased from 0.84 in 2023 to 1.17 in 2024, indicating higher leverage as earnings declined. These developments suggest Pamt is navigating a typical trucking industry cycle, investing counter-cyclically while managing through a demand trough, positioning for eventual recovery when freight markets improve.
PAMT company profile · for informational purposes only — not investment advice.
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