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Proficient Auto Logistics, Inc. provides auto transportation and logistics services in North America. The company operates through Company Drivers and Subhaulers segments. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, marine ports of entry, and rail yards to auto dealerships. The company also owns and operates approximately 800 auto transport vehicles and trailers. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies. The company was formerly known as AH Acquisition Corp. and changed its name to Proficient Auto Logistics, Inc. in October 2023. Proficient Auto Logistics, Inc. was incorporated in 2023 and is headquartered in Jacksonville, Florida.
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 | $430M | $3M | $-36M | $29M | -11.6% | 78.7% | - |
| 2024 | $241M | $16M | $-8M | $5M | -2.5% | 77.4% | -218.4% |
| 2023 | $136M | $13M | $7M | $10M | 92.3% | 4.3% | -31.2% |
| 2022 | $130M | $17M | $10M | $5M | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 130.16 | 135.76 | 240.85 | 430.43 |
| Cost Of Revenue | 109.80 | 118.30 | 216.04 | 391.01 |
| Gross Profit | 20.36 | 17.45 | 24.82 | 39.42 |
| Operating Expense | 5.72 | 7.27 | 32.86 | 47.22 |
| Operating Income | 14.65 | 10.18 | -8.04 | -7.81 |
| EBITDA | 16.98 | 12.88 | 15.70 | 2.65 |
| EBIT | 14.69 | 10.35 | -5.71 | -36.65 |
| Pretax Income | 13.53 | 9.40 | -9.72 | -43.24 |
| Tax Provision | 3.13 | 2.24 | -1.25 | -7.22 |
| Net Income | 10.40 | 7.16 | -8.48 | -36.02 |
| Net Income Common Stockholders | 10.40 | 7.16 | -8.48 | -36.02 |
| Total Expenses | 115.51 | 125.58 | 248.90 | 438.23 |
| Interest Expense | 1.16 | 0.95 | 4.01 | 6.59 |
| Selling General And Administration | 5.72 | 7.27 | 32.86 | 47.22 |
| Normalized EBITDA | 16.93 | 12.70 | 13.68 | 31.86 |
| Normalized Income | 10.36 | 7.02 | -10.23 | -11.69 |
| Basic EPS | 0.42 | 0.30 | -0.47 | 0 |
| Diluted EPS | 0.40 | 0.30 | -0.47 | 0 |
| Tax Effect Of Unusual Items | 0.01 | 0.04 | 0.26 | -4.88 |
| Tax Rate For Calcs | 0.23 | 0.24 | 0.13 | 0.17 |
| Total Unusual Items | 0.05 | 0.17 | 2.02 | -29.21 |
| Total Unusual Items Excluding Goodwill | 0.05 | 0.17 | 2.02 | -29.21 |
| Net Income From Continuing Operation Net Minority Interest | 10.40 | 7.16 | -8.48 | -36.02 |
| Reconciled Depreciation | 2.29 | 2.52 | 21.41 | 39.31 |
| Reconciled Cost Of Revenue | 109.80 | 118.30 | 216.04 | 391.01 |
| Net Interest Income | -1.16 | -0.95 | -4.01 | -6.59 |
| Net Income From Continuing And Discontinued Operation | 10.40 | 7.16 | -8.48 | -36.02 |
| Total Operating Income As Reported | 14.69 | 10.35 | -7.89 | -35.33 |
| Diluted Average Shares | 25.79 | 24.11 | 17.94 | 0 |
| Basic Average Shares | 24.65 | 24.11 | 17.94 | 0 |
| Diluted NI Availto Com Stockholders | 10.40 | 7.16 | -8.48 | -36.02 |
| Net Income Including Noncontrolling Interests | 10.40 | 7.16 | -8.48 | -36.02 |
| Net Income Continuous Operations | 10.40 | 7.16 | -8.48 | -36.02 |
| Other Income Expense | 0.05 | 0.17 | 2.33 | -28.85 |
| Other Non Operating Income Expenses | 0 | 0 | 0.31 | 0.36 |
| Special Income Charges | 0.05 | 0.17 | 2.02 | -29.21 |
| Gain On Sale Of Ppe | 0.05 | 0.17 | 0.15 | 0.26 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 27.79 |
| Restructuring And Mergern Acquisition | 0 | 0 | -1.87 | 1.68 |
| Net Non Operating Interest Income Expense | -1.16 | -0.95 | -4.01 | -6.59 |
| Interest Expense Non Operating | 1.16 | 0.95 | 4.01 | 6.59 |
| General And Administrative Expense | 5.72 | 7.27 | 32.86 | 47.22 |
| Other Gand A | 3.16 | 4.11 | 10.58 | 17.49 |
| Insurance And Claims | 2.55 | 3.16 | 13.40 | 24.21 |
| Salaries And Wages | 0 | 0 | 8.88 | 5.53 |
| Operating Revenue | 130.16 | 135.76 | 239.35 | 426.04 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Proficient Auto Logistics, Inc.this co. | PAL | $199M | - | 0.64 | -11.6% | 8.63 |
| 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 |
| PAMT CORP | PAMT | $204M | - | 0.97 | -25.0% | 122.57 |
| SEACOR Marine Holdings Inc. | SMHI | $202M | - | 0.76 | -10.5% | -178.26 |
| HireQuest, Inc. | HQI | $164M | 24.88 | 2.40 | 9.3% | 16.04 |
| Peer Median | - | 14.67 | 0.98 | -6.9% | 6.79 | |