PAMT on Nasdaq

PAMT CORP

In its 2026 annual report the company says: “We are a holding company that owns subsidiaries engaged in providing truckload dry van carrier services transporting general commodities throughout the continental United States and Mexico, as well as in certain Canadian provinces. Our consolidated operating subsidiaries also provide transportation services in Mexico under agreements with Mexican carriers.”3 It is headquartered in Tontitown, Arkansas.1 Its shares trade on Nasdaq under the symbol PAMT.1

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Last updated Oct 20, 2026.

Overview

Compare with Heartland Express, Marten Transport or Covenant Transport, or pick any stock.

  • TickerPAMT on Nasdaq1
  • IndustryTrucking (No Local)1
  • HeadquartersTontitown, Arkansas1
  • Incorporated inNV2
  • Business address297 West Henri De Tonti Blvd, Tontitown, Ar 727702
  • Filer categoryAccelerated filer, Smaller reporting company2

We are a holding company that owns subsidiaries engaged in providing truckload dry van carrier services transporting general commodities throughout the continental United States and Mexico, as well as in certain Canadian provinces. Our consolidated operating subsidiaries also provide transportation services in Mexico under agreements with Mexican carriers. Our freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-10.7%Operating margin4
-8.8%Net margin4
-16.3%Revenue growth, 20254
-25.0%Return on equity4
1.27×Debt to equity4
-$23.4MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Freight Transportation Service brought in 86% of the revenue PAMT CORP broke down this way in fiscal 2025.

  1. Freight Transportation Service$526.5M486%down 16% from 2024
  2. Fuel Surcharge$71.5M412%down 16% from 2024
  3. Lease Revenue$11.4M42%up 8% from 2024
Products and services by year
Products and services202320242025
Freight Transportation Service$706.1M$629.0M$526.5M
Fuel Surcharge$104.7M$85.6M$71.5M
Lease Revenue$8.2M$10.6M$11.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs94¢$562.9M
  • Interest3¢$17.5M
  • Income tax3¢$17.7M

Out of $598.1M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending73¢$40.7M
  • Share buybacks27¢$14.9M

Out of $17.3M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue56784$598.1M in 2025+16% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $514.2M$514.2M20192020: $486.8M$486.8M2020−5%2021: $707.1M$707.1M2021+45%2022: $946.9M$946.9M2022+34%2023: $810.8M$810.8M2023−14%2024: $714.6M$714.6M2024−12%2025: $598.1M$598.1M2025−16%
Operating income56784-$64.1M in 2025
-$100.0M-$50.0M0$50.0M$100.0M$150.0M2019: $12.5M$12.5M20192020: $33.9M$33.9M2020+170%2021: $100.2M$100.2M2021+195%2022: $123.8M$123.8M2022+24%2023: $30.3M$30.3M2023−76%2024: -$36.8M-$36.8M20242025: -$64.1M-$64.1M2025+74%
Net income56784-$52.6M in 2025
-$100.0M-$50.0M0$50.0M$100.0M2019: $7.9M$7.9M20192020: $17.8M$17.8M2020+126%2021: $76.5M$76.5M2021+329%2022: $90.7M$90.7M2022+19%2023: $18.4M$18.4M2023−80%2024: -$31.8M-$31.8M20242025: -$52.6M-$52.6M2025+65%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Operating revenues$598.1M$714.6M$810.8M
Salaries, wages and benefits$160.3M$174.5M$186.2M
Operating supplies and expenses$119.2M$137.0M$160.5M
Rents and purchased transportation$247.6M$289.4M$315.6M
Depreciation$83.3M$99.3M$64.6M
Impairment Loss$0$6.4M$0
Insurance and claims$46.8M$19.8M$30.8M
Other$20.5M$24.3M$23.8M
(Gain) loss on disposition of equipment-$15.5M$766.0K-$1.0M
Total operating expenses and costs$662.1M$751.4M$780.5M
OPERATING (LOSS) INCOME-$64.1M-$36.8M$30.3M
NON-OPERATING INCOME$11.2M$8.5M$7.4M
INTEREST EXPENSE-$17.5M-$13.2M-$9.2M
(LOSS) INCOME BEFORE INCOME TAXES-$70.3M-$41.5M$28.6M
Current$1.2M$2.0M$7.3M
Deferred-$18.9M-$11.8M$2.9M
Total federal & state income tax (benefit) expense-$17.7M-$9.8M$10.2M
NET (LOSS) INCOME-$52.6M-$31.8M$18.4M
Basic (in dollars per share)-$2.48-$1.45$0.83
Diluted (in dollars per share)-$2.48-$1.45$0.83
Basic (in shares)21.2M shares21.9M shares22.1M shares
Diluted (in shares)21.2M shares21.9M shares22.2M shares

Compare PAMT CORP with another company

Corporate structure

PAMT CORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PAMT CORP

  • Matthew T. Moroun Filed SCHEDULE 13D/A on PAMT CORP, latest Sep 8, 2026 (6 filings since May 12, 2023)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on PAMT CORP, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on PAMT CORP, latest Feb 13, 2023 (2 filings since Feb 11, 2022)
  • PAMT CORP Tontitown, Arkansas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PAMT CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$30.1M4 Dec 31, 2025$30.4M4 Dec 31, 2024−1.2%
Buildings and improvements$58.5M4 Dec 31, 2025$53.6M4 Dec 31, 2024+9.0%
Machinery and equipment$687.3M4 Dec 31, 2025$733.2M4 Dec 31, 2024−6.3%
Property and equipment, before depreciation$792.4M4 Dec 31, 2025$836.5M4 Dec 31, 2024−5.3%
Accumulated depreciation$275.6M4 Dec 31, 2025$309.3M4 Dec 31, 2024−10.9%
Property and equipment, net$516.8M4 Dec 31, 2025$527.2M4 Dec 31, 2024−2.0%
Operating-lease assets (leased space)$7.2M4 Dec 31, 2025$100.0K7 Dec 31, 2023+7058.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$35.2M4 Dec 31, 2025$68.1M4 Dec 31, 2024−48.2%
Marketable securities, current$48.5M4 Dec 31, 2025$42.6M4 Dec 31, 2024+13.8%
Equity securities at fair value$48.5M4 Dec 31, 2025$42.6M4 Dec 31, 2024+13.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.3M4 Dec 31, 2025$2.4M4 Dec 31, 2024−4.2%

Properties, in its own words

Our executive offices and primary terminal facilities, which we own, are located in Tontitown, Arkansas. These facilities are located on approximately 61.9 acres and consist of 115,371 square feet of office space and maintenance and storage facilities.

Our subsidiaries lease facilities in Conley, Georgia; Fort Wayne, Hammond and Indianapolis, Indiana; Romulus, Michigan; Saddle Brook, New Jersey; Charlotte, North Carolina; and Monterrey, Mexico. Our terminal facilities in North Little Rock, Arkansas; North Jackson, Ohio; Willard, Ohio; Bloomsburg, Pennsylvania; El Paso, Irving and Laredo, Texas; and Nuevo Laredo, Mexico are owned. The leased facilities have contractual terms typically ranging from one to five years and have provisions for early cancellation if we so choose.

The rest of Item 2

We also have access to trailer drop and relay stations in various other locations across the country. We lease certain of these facilities on a month-to-month basis from affiliates of our largest stockholder.

We believe that all of the properties that we own or lease are suitable for their purposes and adequate to meet our needs.

Item 2 of the 10-K filed Mar 12, 2026.3

Leadership

Who has led PAMT CORP, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (20)

Former names

  • PAM TRANSPORTATION SERVICES INCMay 15, 1995 to Nov 6, 20242

Timeline

  1. Aug 4, 20268-K Results of operations; Executive or director change40
  2. May 5, 20268-K Shareholder vote41
  3. May 1, 20268-K Results of operations; Regulation FD disclosure42
  4. Feb 19, 20268-K Results of operations43
  5. Oct 31, 20258-K Results of operations44
  6. Sep 10, 20258-K Executive or director change45
  7. Aug 5, 2025New chief executive Lance Stewart becomes CEO12
  8. Aug 4, 20258-K Executive or director change; Regulation FD disclosure46
  9. Jul 25, 20258-K Results of operations47
  10. May 23, 20258-K Executive or director change48
  11. May 12, 20258-K Executive or director change; Shareholder vote49
  12. Apr 24, 20258-K Results of operations50
  13. Feb 14, 20258-K Results of operations51
  14. Aug 20, 2020New chief executive Joseph A. Vitiritto becomes CEO14
  15. May 1, 2020New chief executive Matthew T. Moroun becomes CEO13
  16. Jan 12, 2011New chief executive Daniel H. Cushman becomes CEO15
  17. Feb 7, 2006New chief executive Robert W. Weaver becomes CEO16

Calendar

Coming up

  1. Oct 27, 2026Reports results for the quarter ending Sep/202652

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results40
  2. May 1, 2026Reported quarterly or annual results42
  3. Feb 19, 2026Reported quarterly or annual results43
  4. Oct 31, 2025Reported quarterly or annual results44
  5. Jul 25, 2025Reported quarterly or annual results47
  6. Apr 24, 2025Reported quarterly or annual results50
  7. Feb 14, 2025Reported quarterly or annual results51
  8. Oct 28, 2024Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

140 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 39 major events, 42 insider forms, 11 large holders, 27 other. The latest 20:

  1. Sep 8, 2026SCHEDULE 13D/A EDGAR
  2. Sep 8, 20264 EDGAR
  3. Aug 7, 202610-Q EDGAR
  4. Aug 5, 20264 EDGAR
  5. Aug 4, 20268-K EDGAR
  6. May 12, 20264 EDGAR
  7. May 12, 20264 EDGAR
  8. May 12, 20264 EDGAR
  9. May 12, 20264 EDGAR
  10. May 8, 202610-Q EDGAR
  11. May 5, 20268-K EDGAR
  12. May 1, 20268-K EDGAR
  13. Mar 27, 2026DEF 14A EDGAR
  14. Mar 12, 202610-K EDGAR
  15. Feb 19, 20268-K EDGAR
  16. Feb 11, 20264 EDGAR
  17. Nov 5, 202510-Q EDGAR
  18. Oct 31, 20258-K EDGAR
  19. Sep 15, 2025SCHEDULE 13D/A EDGAR
  20. Sep 15, 20254 EDGAR

The 140 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 6 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 3, 2026MOROUN MATTHEW TDirectorBuy3,268,000$9.56$31.2MForm 4
Sep 3, 2026MOROUN MATTHEW TDirectorSale3,268,000$9.56$31.2MForm 4
Sep 11, 2025MOROUN MATTHEW TDirectorBuy2,000,000$10.75$21.5MForm 4
Sep 11, 2025MOROUN MATTHEW TDirectorSale2,000,000$10.75$21.5MForm 4
Jul 29, 2024MOROUN MATTHEW TDirectorBuy4,073,700$18.18$74.1MForm 4
Jul 29, 2024MOROUN MATTHEW TDirectorSale4,073,700$18.18$74.1MForm 4
Aug 25, 2023Lukas Edwin J.DirectorBuy1,800$22.00$39.6KForm 4
Aug 1, 2023MOROUN MATTHEW TDirectorBuy6,354,148$21.23$134.9MForm 4
Aug 1, 2023MOROUN MATTHEW TDirectorSale6,354,148$21.23$134.9MForm 4
Aug 1, 2023MOROUN MATTHEW TDirectorBuy6,354,148$20.99$133.4MForm 4
Aug 1, 2023MOROUN MATTHEW TDirectorSale6,354,148$20.99$133.4MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Lance K. Stewart56$440.6K$2.1M57
2025Joesph A. Vitiritto$338.2K$1.0M57
2025Daniel C. Kleine37$221.5K$296.5K57
2025Matthew T. Moroun$105.0K57
2024Former President and$628.2K$778.2K57
2024President and Chief Executive Officer,$388.8K$478.8K57
2023Chief Executive Officer$616.1K$1.1M57
2023Former VicePresident of Finance,$344.8K$493.3K57

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 62. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Dimensional Fund Advisors LP1,305,981$18.3M0.0%−32,040
Renaissance Technologies LLC844,041$11.8M0.0%−28,700
BlackRock, Inc.443,996$6.2M0.0%+21,144
Vanguard Capital Management LLC230,842$3.2M0.0%+2,958
Bridgeway Capital Management, LLC210,090$2.9M0.1%No change
Pacific Ridge Capital Partners, LLC193,151$2.7M0.5%−1,488
Geode Capital Management, LLC137,971$1.9M0.0%+57
Empowered Funds, LLC90,870$1.3M0.0%No change
Horrell Capital Management, Inc.80,816$1.1M0.5%−8,732
State Street Corp61,675$864.1K0.0%+223
MAI Capital Management57,484$805.4K0.0%+8
Pinnacle Holdings, LLC55,870$782.7K0.3%−349
Northern Trust Corp54,199$759.3K0.0%+2,398
Vanguard Portfolio Management LLC33,607$470.8K0.0%+6,004
Vanguard Fiduciary Trust Co32,785$459.3K0.0%+439
EJF Capital LP25,000$350.2K0.2%No change
CastleKnight Management LP23,009$322.4K0.0%New
Nuveen, LLC14,463$202.6K0.0%No change
Charles Schwab Investment Management Inc14,126$197.9K0.0%+2,481
Bank of New York Mellon Corp12,252$171.7K0.0%+329
Goldman Sachs Group Inc11,662$163.4K0.0%New
Prelude Capital Management, LLC10,000$140.1K0.0%No change
Rhumbline Advisers6,554$91.8K0.0%−233
Strs Ohio5,200$72.9K0.0%+980
Deutsche Bank Ag\4,800$67.2K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How PAMT CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPAMT CORP1
  • CIK0000798287
  • Employer ID (EIN)71-06331353
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inNevada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)4213 Trucking (No Local)1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address297 West Henri De Tonti Blvd, Tontitown, AR 727701
  • Phone479-361-91111
  • Shares outstanding20,942,257 as of Jul 20, 202610
  • Public float$61.5M as of Jun 30, 20253
  • AuditorGRANT THORNTON LLP, Tulsa, Oklahoma PCAOB ID 248; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceFeb 9, 19951
  • Filings885 in all: 4 (316), 8-K (183), 10-Q (95), SC 13G/A (56), 10-K (32), DEF 14A (32), SC TO-I/A (32), UPLOAD (20)1
    All 31 form types

    CORRESP (17), 3 (15), SC 13D/A (15), 4/A (12), SC TO-I (10), SC 13G (9), PRE 14A (6), 8-K/A (5), S-8 (5), ARS (4), EFFECT (3), S-3 (3), SCHEDULE 13D/A (3), 10-K/A (2), PX14A6G (2), 424B4 (1), 5 (1), DEFA14A (1), PRER14A (1), S-2 (1), S-2/A (1), S-8 POS (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Mar 27, 2026
    Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $.01 par valuePAMTNASDAQ

From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks PAMT CORP names in Item 1A of its 10-K filed Mar 12, 2026: 27 risks under these headings, as written.3

  • Risks Related to Our Industry
  • The imposition of new tariffs on Mexico and Canada, and any retaliatory actions by such countries, may have a negative impact on our operations and profitability.
  • We may be adversely impacted by fluctuations in the price and availability of diesel fuel.
  • Difficulty in attracting drivers and independent contractors could affect our profitability and ability to grow.
  • Purchase price increases for new revenue equipment, decreases in the value of used revenue equipment and/or disruptions in the availability of new revenue equipment could have an adverse effect on our results of operations, cash flows and financial condition.
  • We have significant ongoing capital requirements that could affect our liquidity and profitability if we are unable to generate sufficient cash from operations or obtain sufficient financing on favorable terms.
  • We operate in a highly regulated industry and increased costs of compliance with, or liability for violation of, existing or future regulations could have a material adverse effect on our business.
  • A determination that independent contractors are employees could expose us to various liabilities and additional costs.
  • We may incur additional operating expenses or liabilities as a result of potential future requirements to address climate change issues.
  • Risks Related to Our Business
  • We are highly dependent on our major customers, the loss of one or more of which could have a material adverse effect on our business.
  • The impact of any future significant labor dispute involving one or more of our customers, or that could otherwise affect our operations, could reduce our revenues and harm our profitability.
The other 17 risks
  • Ongoing insurance and claims expenses could significantly reduce our earnings.
  • We may be subject to litigation claims that could result in significant expenditures.
  • Disruptions in the credit markets may adversely affect our business, including the availability and cost of short-term funds for liquidity requirements and our ability to meet long-term commitments, which could adversely affect our results of operations, cash flows and financial condition.
  • We are subject to certain risks arising from doing business in Mexico.
  • Our results of operations may be affected by seasonal factors.
  • Our business may be disrupted by natural disasters and severe weather conditions causing supply chain disruptions.
  • Our operations are subject to various environmental laws and regulations, the violation of which could result in substantial fines or penalties.
  • Our information technology systems are subject to certain cyber security and disaster risks that are beyond our control.
  • We have substantial fixed costs and, as a result, our operating income fluctuates disproportionately with changes in our net sales.
  • If our employees were to unionize, our operating costs would increase and our ability to compete would be impaired.
  • Our business may be harmed by terrorist attacks, anti-terrorism measures, military conflicts or political instability.
  • Future public health crises could negatively impact our financial condition, liquidity, results of operations, and cash flows.
  • Risks Related to Our Common Stock
  • Our public shareholders may have limited influence over our significant corporate actions.
  • The interests of our controlling shareholders may conflict with those of the Company and our other shareholders.
  • Because we are a “controlled company” under NASDAQ rules, we are not subject to certain corporate governance standards that apply to other publicly traded companies.
  • Our stock trading volume may not provide adequate liquidity for investors.
  • We currently do not intend to pay future dividends on our common stock.

Legal proceedings

We are involved in certain claims and pending litigation arising from the ordinary conduct of business. We also provide accruals for claims within our self-insured retention amounts. We currently self-insure for certain layers of auto liability claims in excess of $2.0 million. Specifically, we reserve for claims that are expected to exceed $2.0 million when fully developed, based on the facts and circumstances of those claims. Except as described below, based on our knowledge of the facts, and in certain cases, opinions of outside counsel, we believe the resolution of such claims and pending litigation will not have a material effect on our financial position, results of operations or cash flows. However, if we experience claims that are not covered by our insurance or that exceed our estimated claim reserve, it could increase the volatility of our earnings and have a materially adverse effect on our financial condition, results of operations or cash flows.

We are a defendant in a motor vehicle accident lawsuit filed on January 10, 2025 in the State Court of Gwinnett County, Georgia, arising from a December 29, 2024 accident between a Company tractor-trailer and a passenger vehicle. As of December 31, 2025, we reached a preliminary settlement agreement with the plaintiff for a total settlement amount of $30.0 million, of which $26.5 million represents the Company’s net exposure after consideration of applicable insurance coverage. The settlement agreement is subject to final approval, which is currently expected during the first quarter of 2026.

The opening of Item 3, Legal Proceedings.3

Sources

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