PAMT CORP
PAMT · Trucking (No Local) · 20.9M shares · +17%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $4M (gross $5M, SBC $553K)
Reference price $10.74 · est. market cap ~$225M — last insider sale, 2025-09-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D44Small truckload/brokerage carrier posting an operating loss in a weak freight market, with heavy auto-customer concentration and high leverage.
Strengths
- Adequate liquidity (current ratio 1.23) and ~14 quarters of cash runway
- Truckload mix and owner-operator flexibility provide some cost variability
Risks
- Operating ratio of 118%, negative ROA (-7.5%) and ROE (-25%), and negative interest coverage (-3.7x)
- Top-decile leverage (D/E 1.27) and ~35% revenue tied to the auto industry (GM 14%)
Notable findings
- No interest coverageInterest coverage -3.67 (cannot cover interest)
- Cash burnNegative free cash flow (-23.4M)
- Customer concentration~65% of revenue from one customer/distributor — 1% and 65
- Chronic dilutionShare count +17%/yr over 4y (dilution, book value/share -48%)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-25.0%
Return on assets
-7.5%
ROIC
-10.6%
Revenue growth (QoQ)
1.8%
Debt / equity
1.3×
Interest coverage
-3.7×
Current ratio
1.2×
Free cash flow
-$23M
Tangible book value
$210M
Cash & investments
$84M
Cash runway
14q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-08 | MOROUN MATTHEW T | Grant | 1.5K | $10.32 |
| 2026-05-08 | Moroun Matthew J. | Grant | 1.5K | $10.32 |
| 2026-05-08 | MCLARTY FRANKLIN | Grant | 484 | $10.32 |
| 2026-05-08 | Bishop Michael D. | Grant | 968 | $10.32 |
| 2026-02-09 | STEWART LANCE | Tax withheld | 11K | $12.03 |
| 2025-09-11 | MOROUN MATTHEW T | Sell | 2.0M | $10.74 |
| 2025-09-11 | MOROUN MATTHEW T | Buy | 2.0M | $10.74 |
| 2025-08-04 | STEWART LANCE | Grant | 100K | — |
| 2025-05-12 | Bishop Michael D. | Grant | 954 | $15.71 |
| 2025-05-12 | Lukas Edwin J. | Grant | 954 | $15.71 |
| 2025-05-12 | Moroun Matthew J. | Grant | 954 | $15.71 |
| 2025-05-12 | MOROUN MATTHEW T | Grant | 954 | $15.71 |
| 2025-02-09 | Vitiritto Joseph A. | Tax withheld | 2.4K | $15.65 |
| 2025-01-27 | STEWART LANCE | Grant | 20K | — |
| 2025-01-27 | Vitiritto Joseph A. | Grant | 32K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (3)
- General Motors Company 14% of rev
- Ford
- Stellantis
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-05 | Shareholder vote | filing ↗ |
| 2026-05-01 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-19 | ResultsExhibits | filing ↗ |
| 2025-10-31 | ResultsExhibits | filing ↗ |
| 2025-09-10 | Exec/director changeExhibits | filing ↗ |
| 2025-08-04 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-07-25 | ResultsExhibits | filing ↗ |
| 2025-05-23 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-08 | 2026-03-31 | 0001437749-26-015938 ↗ |
| 8-K | 2026-05-05 | 2026-04-30 | 0001437749-26-014889 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0001437749-26-014498 ↗ |
| 10-K | 2026-03-12 | 2025-12-31 | 0001437749-26-007960 ↗ |
| 8-K | 2026-02-19 | 2026-02-13 | 0001437749-26-004695 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001437749-25-033356 ↗ |
| 8-K | 2025-10-31 | 2025-10-28 | 0001437749-25-032541 ↗ |
| 8-K | 2025-09-10 | 2025-09-10 | 0001683168-25-006833 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001437749-25-025711 ↗ |
| 8-K | 2025-08-04 | 2025-07-31 | 0001683168-25-005643 ↗ |
| 8-K | 2025-07-25 | 2025-07-25 | 0001437749-25-023534 ↗ |
| 8-K | 2025-05-23 | 2025-05-22 | 0001683168-25-003996 ↗ |