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PAMT CORP, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company provides truckload dry van carrier services that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units. The company also offers brokerage and logistics services. As of December 31, 2025, it operated a fleet of 2,094 trucks, which included 493 independent contractor trucks; and 8,020 trailers. PAMT CORP was formerly known as P.A.M. Transportation Services, Inc., and changed its name to PAMT CORP in November 2024. The company was founded in 1980 and is headquartered in Tontitown, Arkansas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $598M | $30M | $-53M | $-23M | -25.0% | -16.3% | 65.5% |
| 2024 | $715M | $71M | $-32M | $-82M | -11.5% | -11.9% | -272.6% |
| 2023 | $811M | $102M | $18M | $81M | 5.9% | -14.4% | -79.7% |
| 2022 | $947M | $190M | $91M | $105M | 30.2% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 946.86 | 810.81 | 714.65 | 598.06 |
| Operating Revenue | - | 946.86 | 810.81 | 714.65 | 598.06 |
| Cost Of Revenue | - | 775.70 | 727 | 700.12 | 610.35 |
| Gross Profit | - | 171.16 | 83.80 | 14.52 | -12.29 |
| Operating Expense | - | 50.64 | 54.54 | 44.12 | 67.24 |
| Selling General And Administration | - | 32.52 | 30.77 | 19.78 | 46.78 |
| Total Expenses | - | 826.34 | 781.54 | 744.24 | 677.59 |
| Operating Income | - | 120.52 | 29.27 | -29.59 | -79.54 |
| Total Operating Income As Reported | - | 123.77 | 30.31 | -36.76 | -64.06 |
| EBITDA | - | 189.74 | 102.36 | 70.96 | 30.47 |
| Normalized EBITDA | - | 186.49 | 101.32 | 78.13 | 14.99 |
| EBIT | - | 126.94 | 37.76 | -28.31 | -52.83 |
| Interest Expense | - | 7.93 | 9.18 | 13.24 | 17.46 |
| Net Interest Income | - | -7.93 | -9.18 | -13.24 | -17.46 |
| Other Non Operating Income Expenses | - | 3.17 | 7.45 | 8.46 | 11.23 |
| Other Income Expense | - | 6.42 | 8.49 | 1.29 | 26.71 |
| Interest Expense Non Operating | - | 7.93 | 9.18 | 13.24 | 17.46 |
| Net Non Operating Interest Income Expense | - | -7.93 | -9.18 | -13.24 | -17.46 |
| Pretax Income | - | 119.01 | 28.58 | -41.55 | -70.29 |
| Tax Provision | - | 28.34 | 10.16 | -9.75 | -17.68 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.77 | 0.37 | -1.68 | 3.90 |
| Net Income Continuous Operations | - | 90.67 | 18.42 | -31.80 | -52.61 |
| Net Income From Continuing And Discontinued Operation | - | 90.67 | 18.42 | -31.80 | -52.61 |
| Net Income From Continuing Operation Net Minority Interest | - | 90.67 | 18.42 | -31.80 | -52.61 |
| Net Income | - | 90.67 | 18.42 | -31.80 | -52.61 |
| Net Income Common Stockholders | - | 90.67 | 18.42 | -31.80 | -52.61 |
| Net Income Including Noncontrolling Interests | - | 90.67 | 18.42 | -31.80 | -52.61 |
| Normalized Income | - | 88.20 | 17.74 | -26.31 | -64.18 |
| Diluted NI Availto Com Stockholders | - | 90.67 | 18.42 | -31.80 | -52.61 |
| Basic Average Shares | - | 22.17 | 22.02 | 21.78 | 21.21 |
| Diluted Average Shares | - | 22.44 | 22.20 | 21.88 | 21.21 |
| Reconciled Depreciation | - | 62.81 | 64.60 | 99.26 | 83.30 |
| Reconciled Cost Of Revenue | - | 775.70 | 727 | 700.12 | 610.35 |
| Total Unusual Items | - | 3.25 | 1.04 | -7.17 | 15.47 |
| Total Unusual Items Excluding Goodwill | - | 3.25 | 1.04 | -7.17 | 15.47 |
| Special Income Charges | - | 3.25 | 1.04 | -7.17 | 15.47 |
| Impairment Of Capital Assets | - | 0 | 0 | 6.41 | 0 |
| General And Administrative Expense | - | 32.52 | 30.77 | 19.78 | 46.78 |
| Gain On Sale Of Ppe | - | 3.25 | 1.04 | -0.77 | 15.47 |
| Insurance And Claims | - | 32.52 | 30.77 | 19.78 | 46.78 |
| Rent Expense Supplemental | - | 364.97 | 315.65 | 289.39 | 247.58 |
| Other Operating Expenses | - | 18.13 | 23.77 | 24.34 | 20.46 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| PAMT CORPthis co. | PAMT | $280M | - | 1.33 | -25.0% | 17.44 |
| Public Policy Holding Company, Inc. | PPHC | $306M | -7.83 | 4.08 | -52.1% | -18.14 |
| Omega Flex, Inc. | OFLX | $304M | 20.51 | 3.61 | 17.6% | 13.97 |
| AerSale Corporation | ASLE | $300M | 34.99 | 0.71 | 2.0% | 12.35 |
| CompX International Inc. | CIX | $298M | 15.30 | 2.15 |
| - |
| - |
| - |
| - |
| 14.1% |
| 9.29 |
| NL Industries, Inc. | NL | $296M | -7.83 | 0.83 | -10.5% | -3.96 |
| AIRO Group Holdings, Inc. | AIRO | $295M | -71.79 | 0.40 | -0.6% | 8.94 |
| Energy Services of America Corporation | ESOA | $288M | 757.77 | 4.86 | 0.6% | 20.45 |
| Tredegar Corporation | TG | $277M | 8.28 | 1.28 | 15.5% | 5.65 |
| Peer Median | - | 11.79 | 1.71 | 1.3% | 9.12 | |