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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% | - |
| 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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 946.86 | 810.81 | 714.65 | 598.06 |
| Cost Of Revenue | 775.70 | 727 | 700.12 | 610.35 |
| Gross Profit | 171.16 | 83.81 | 14.52 | -12.29 |
| Operating Expense | 50.64 | 54.54 | 44.12 | 67.24 |
| Operating Income | 120.52 | 29.27 | -29.59 | -79.54 |
| EBITDA | 189.74 | 102.36 | 70.96 | 30.47 |
| EBIT | 126.94 | 37.76 | -28.31 | -52.83 |
| Pretax Income | 119.01 | 28.58 | -41.55 | -70.29 |
| Tax Provision | 28.34 | 10.16 | -9.75 | -17.68 |
| Net Income | 90.67 | 18.42 | -31.80 | -52.61 |
| Net Income Common Stockholders | 90.67 | 18.42 | -31.80 | -52.61 |
| Total Expenses | 826.34 | 781.54 | 744.24 | 677.59 |
| Interest Expense | 7.93 | 9.18 | 13.24 | 17.46 |
| Selling General And Administration | 32.52 | 30.77 | 19.78 | 46.78 |
| Normalized EBITDA | 186.49 | 101.32 | 78.13 | 14.99 |
| Normalized Income | 88.20 | 17.74 | -26.31 | -64.18 |
| Basic EPS | 4.09 | 0.84 | -1.46 | 0 |
| Diluted EPS | 4.04 | 0.83 | -1.46 | 0 |
| Tax Effect Of Unusual Items | 0.77 | 0.37 | -1.68 | 3.90 |
| Tax Rate For Calcs | 0.24 | 0.36 | 0.23 | 0.25 |
| Total Unusual Items | 3.25 | 1.04 | -7.17 | 15.47 |
| Total Unusual Items Excluding Goodwill | 3.25 | 1.04 | -7.17 | 15.47 |
| Net Income From Continuing Operation Net Minority Interest | 90.67 | 18.42 | -31.80 | -52.61 |
| Reconciled Depreciation | 62.81 | 64.61 | 99.26 | 83.30 |
| Reconciled Cost Of Revenue | 775.70 | 727 | 700.12 | 610.35 |
| Net Interest Income | -7.93 | -9.18 | -13.24 | -17.46 |
| Net Income From Continuing And Discontinued Operation | 90.67 | 18.42 | -31.80 | -52.61 |
| Rent Expense Supplemental | 364.97 | 315.65 | 289.39 | 247.58 |
| Total Operating Income As Reported | 123.77 | 30.31 | -36.77 | -64.06 |
| Diluted Average Shares | 22.44 | 22.20 | 21.88 | 0 |
| Basic Average Shares | 22.17 | 22.02 | 21.78 | 0 |
| Diluted NI Availto Com Stockholders | 90.67 | 18.42 | -31.80 | -52.61 |
| Net Income Including Noncontrolling Interests | 90.67 | 18.42 | -31.80 | -52.61 |
| Net Income Continuous Operations | 90.67 | 18.42 | -31.80 | -52.61 |
| Other Income Expense | 6.42 | 8.49 | 1.29 | 26.71 |
| Other Non Operating Income Expenses | 3.17 | 7.45 | 8.46 | 11.23 |
| Special Income Charges | 3.25 | 1.04 | -7.17 | 15.47 |
| Gain On Sale Of Ppe | 3.25 | 1.04 | -0.77 | 15.47 |
| Impairment Of Capital Assets | 0 | 0 | 6.41 | 0 |
| Net Non Operating Interest Income Expense | -7.93 | -9.18 | -13.24 | -17.46 |
| Interest Expense Non Operating | 7.93 | 9.18 | 13.24 | 17.46 |
| Other Operating Expenses | 18.13 | 23.77 | 24.34 | 20.46 |
| General And Administrative Expense | 32.52 | 30.77 | 19.78 | 46.78 |
| Insurance And Claims | 32.52 | 30.77 | 19.78 | 46.78 |
| Operating Revenue | 946.86 | 810.81 | 714.65 | 598.06 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| PAMT CORPthis co. | PAMT | $204M | - | 0.97 | -25.0% | 122.57 |
| AIRO Group Holdings, Inc. | AIRO | $236M | - | 0.32 | -0.6% | -10.00 |
| RCM Technologies, Inc. | RCMT | $233M | 14.67 | 5.02 | 35.5% | 9.20 |
| Perma-Fix Environmental Services, Inc. | PESI | $227M | - | 4.52 | -27.5% | -22.03 |
| Gencor Industries, Inc. | GENC | $212M | 13.91 |
| 0.99 |
| 7.4% |
| 4.37 |
| AirJoule Technologies Corporation | AIRJ | $206M | - | 0.69 | -3.4% | -13.58 |
| Xerox Holdings Corporation | XRX | $205M | - | 0.45 | -152.9% | 15.41 |
| SEACOR Marine Holdings Inc. | SMHI | $202M | - | 0.76 | -10.5% | -178.26 |
| Proficient Auto Logistics, Inc. | PAL | $199M | - | 0.64 | -11.6% | 8.63 |
| Peer Median | - | 14.29 | 0.72 | -6.9% | -2.81 | |