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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% | 325.0% |
| 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 |
| Operating Revenue | 130.16 | 135.76 | 239.35 | 426.04 |
| 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 |
| Selling General And Administration | 5.72 | 7.27 | 32.86 | 47.22 |
| Total Expenses | 115.51 | 125.58 | 248.90 | 438.23 |
| Operating Income | 14.65 | 10.18 | -8.04 | -7.81 |
| Total Operating Income As Reported | 14.69 | 10.35 | -7.89 | -35.33 |
| EBITDA | 16.98 | 12.88 | 15.70 | 2.65 |
| Normalized EBITDA | 16.93 | 12.70 | 13.68 | 31.86 |
| EBIT | 14.69 | 10.35 | -5.71 | -36.65 |
| Interest Expense | 1.16 | 0.95 | 4.01 | 6.59 |
| Net Interest Income | -1.16 | -0.95 | -4.01 | -6.59 |
| Other Non Operating Income Expenses | - | - | 0.31 | 0.36 |
| Other Income Expense | 0.05 | 0.17 | 2.33 | -28.85 |
| Interest Expense Non Operating | 1.16 | 0.95 | 4.01 | 6.59 |
| Net Non Operating Interest Income Expense | -1.16 | -0.95 | -4.01 | -6.59 |
| Pretax Income | 13.53 | 9.40 | -9.72 | -43.24 |
| Tax Provision | 3.13 | 2.24 | -1.25 | -7.22 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0.01 | 0.04 | 0.26 | -4.88 |
| Net Income Continuous Operations | 10.40 | 7.16 | -8.48 | -36.02 |
| Net Income From Continuing And Discontinued Operation | 10.40 | 7.16 | -8.48 | -36.02 |
| Net Income From Continuing Operation Net Minority Interest | 10.40 | 7.16 | -8.48 | -36.02 |
| Net Income | 10.40 | 7.16 | -8.48 | -36.02 |
| Net Income Common Stockholders | 10.40 | 7.16 | -8.48 | -36.02 |
| Net Income Including Noncontrolling Interests | 10.40 | 7.16 | -8.48 | -36.02 |
| Normalized Income | 10.36 | 7.02 | -10.23 | -11.69 |
| Diluted NI Availto Com Stockholders | 10.40 | 7.16 | -8.48 | -36.02 |
| Basic Average Shares | 24.65 | 24.11 | 17.94 | - |
| Diluted Average Shares | 25.79 | 24.11 | 17.94 | - |
| Reconciled Depreciation | 2.29 | 2.52 | 21.41 | 39.31 |
| Reconciled Cost Of Revenue | 109.80 | 118.30 | 216.04 | 391.01 |
| Total Unusual Items | 0.05 | 0.17 | 2.02 | -29.21 |
| Total Unusual Items Excluding Goodwill | 0.05 | 0.17 | 2.02 | -29.21 |
| Special Income Charges | 0.05 | 0.17 | 2.02 | -29.21 |
| Impairment Of Capital Assets | - | - | 0 | 27.79 |
| Restructuring And Mergern Acquisition | 0 | 0 | -1.87 | 1.68 |
| General And Administrative Expense | 5.72 | 7.27 | 32.86 | 47.22 |
| Other Gand A | 3.16 | 4.11 | 10.58 | 17.49 |
| Salaries And Wages | 0 | 0 | 8.88 | 5.53 |
| Gain On Sale Of Ppe | 0.05 | 0.17 | 0.15 | 0.26 |
| Insurance And Claims | 2.55 | 3.16 | 13.40 | 24.21 |
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 | $180M | -5.00 | 0.58 | -11.6% | 95.31 |
| TrueBlue, Inc. | TBI | $209M | - | 0.76 | -17.5% | 394.69 |
| SEACOR Marine Holdings Inc. | SMHI | $203M | -7.30 | 0.77 | -10.5% | 7.34 |
| Mammoth Energy Services, Inc. | TUSK | $185M | 40.24 | 0.72 | 1.8% | -4.84 |
| JELD-WEN Holding, Inc. | JELD |
| $174M |
| -0.28 |
| 1.89 |
| -673.6% |
| -4.76 |
| HireQuest, Inc. | HQI | $171M | 26.97 | 2.50 | 9.3% | 17.34 |
| RCM Technologies, Inc. | RCMT | $169M | 10.36 | 3.68 | 35.5% | 7.40 |
| NET Power Inc. | NPWR | $164M | - | 0.21 | -283.8% | - |
| Resources Connection, Inc. | RGP | $153M | -0.80 | 0.74 | -92.6% | 8.82 |
| Peer Median | - | 5.04 | 0.76 | -14.0% | 7.40 | |