Patrick Industries, Inc. (PATK) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.24	$1.29	+4.0%	—	$1B	—
Q1 26	$1.04	$1.1	+5.8%	—	$997.2M	—
Q4 25	$0.73	$0.84	+15.1%	—	$924.2M	—
Q3 25	$0.93	$1.01	+8.6%	—	$975.6M	—
Q2 25	$1.43	$1.5	+4.9%	—	$1B	—
Q1 25	$0.96	$1.11	+15.6%	—	$1B	—
Q4 24	$0.53	$0.52	-1.9%	—	$846.1M	—
Q3 24	$1.19	$1.2	+0.8%	—	$919.4M	—
Q2 24	$1.37	$1.44	+5.1%	—	$1B	—
Q1 24	$0.87	$1.19	+36.8%	—	$933.5M	—
Q4 23	$0.9	$0.99	+10.0%	—	$781.2M	—
Q3 23	$1.19	$1.21	+1.7%	—	$866.1M	—
Q2 23	$1.21	$1.36	+12.4%	—	$920.7M	—
Q1 23	$0.79	$0.9	+13.9%	—	$900.1M	—
Q4 22	$1.03	$1.12	+8.7%	—	$951.9M	—
Q3 22	$1.35	$1.62	+20.0%	—	$1.1B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.16	—	—	$4B	—
FY24	—	$4.25	—	—	$3.7B	—
FY23	—	$6.64	—	—	$3.5B	—
FY22	—	$14.8	—	—	$4.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.2B	$1.6B	$2.3B	$2.3B	$2.5B	$4.1B	$4.9B	$3.5B	$3.7B	$4B
YoY change	+32.8%	+33.9%	+38.4%	+3.27%	+6.4%	+64%	+19.7%	-29%	+7.14%	+6.33%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.2B	1.6B	2.3B	2.3B	2.5B	4.1B	4.9B	3.5B	3.7B	4B
Cost of revenue	1B	1.4B	1.8B	1.9B	2B	3.3B	3.8B	2.7B	2.9B	3B
Gross profit	202.5M	278.9M	415.9M	422.9M	459M	801.2M	1.1B	782.2M	835.9M	912.9M
Gross margin	16.6%	17.1%	18.4%	18.1%	18.5%	19.6%	21.7%	22.6%	22.5%	23.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	98.3M	137.6M	203.2M	232.5M	244.8M	393.2M	490.5M	443.3M	481.6M	539.6M
Operating expenses	134.3M	184.5M	278.2M	330.6M	343.2M	532.8M	653.6M	587.3M	481.6M	539.6M
Operating income	90.8M	121.9M	178.4M	154.4M	173.4M	351.7M	496.2M	260.2M	258M	276M
Operating margin	7.43%	7.45%	7.88%	6.61%	6.97%	8.62%	10.2%	7.5%	6.94%	6.99%
Non-operating income, net	—	—	—	—	—	—	—	—	—	-24.4M
Pretax income	83.7M	113.1M	152M	117.8M	130.4M	293.8M	435.4M	191.3M	178.6M	177.1M
Income tax	28.1M	27.4M	32.1M	28.3M	33.3M	68.9M	107.2M	48.4M	40.2M	42M
Net income	55.6M	85.7M	119.8M	89.6M	97.1M	224.9M	328.2M	142.9M	138.4M	135.1M
Net margin	4.55%	5.24%	5.3%	3.83%	3.9%	5.52%	6.72%	4.12%	3.72%	3.42%
EBITDA	115.2M	155.4M	233.5M	217.2M	246.6M	456.5M	626.9M	404.7M	424.6M	421.8M
EPS	2.47	3.54	4.99	3.88	4.27	9.87	14.8	6.64	4.25	4.16
Diluted EPS	2.43	3.48	4.93	3.85	4.2	9.63	13.5	6.5	4.11	3.9

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	866.1M	781.2M	933.5M	1B	919.4M	846.1M	1B	1B	975.6M	924.2M	997.2M	1B
Cost of revenue	667M	602.3M	728.6M	785.3M	706.9M	658.9M	774.8M	796.9M	754.7M	711.5M	770.3M	794.1M
Gross profit	199.1M	178.9M	204.9M	231.3M	212.5M	187.2M	228.6M	250.6M	221M	212.7M	226.9M	247.6M
Gross margin	23%	22.9%	21.9%	22.8%	23.1%	22.1%	22.8%	23.9%	22.6%	23%	22.8%	23.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	108.5M	102M	122.7M	122.3M	113.6M	122.9M	138.5M	139.3M	130.5M	131.3M	138.1M	146.8M
Operating expenses	146.2M	136.4M	160.1M	122.3M	113.6M	122.9M	138.5M	139.3M	130.5M	131.3M	138.1M	146.8M
Operating income	71.1M	57.3M	59.3M	84.7M	74.4M	39.6M	65.6M	86.7M	66.3M	57.4M	64.7M	77M
Operating margin	8.21%	7.34%	6.36%	8.33%	8.09%	4.68%	6.53%	8.28%	6.79%	6.21%	6.49%	7.4%
Non-operating income, net	—	—	—	—	—	—	—	-24.4M	—	0	—	—
Pretax income	54.2M	42M	39.3M	64.3M	54.4M	20.6M	46.5M	43.4M	47.8M	39.3M	46.3M	58.1M
Income tax	14.6M	11.2M	4.2M	16.5M	13.5M	6M	8.2M	11M	12.5M	10.3M	6.9M	14.6M
Net income	39.5M	30.8M	35.1M	47.9M	40.9M	14.6M	38.2M	32.4M	35.3M	29.1M	39.5M	43.4M
Net margin	4.57%	3.94%	3.76%	4.71%	4.44%	1.72%	3.81%	3.1%	3.62%	3.15%	3.96%	4.17%
EBITDA	107.6M	93.9M	99.7M	126.2M	116.6M	82.1M	108.2M	104.9M	108.3M	100.4M	107.5M	120M
EPS	1.84	1.44	1.08	1.47	1.25	0.45	1.17	1	1.09	0.9	1.21	1.36
Diluted EPS	1.81	1.41	1.06	1.44	1.2	0.42	1.11	0.96	1.01	0.83	1.1	1.28

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	763.7M	1.1B	473.7M	806M	1B	1.2B	894.5M	1.4B	—	3.5B	2.2B
Enterprise value	1B	1.5B	1.1B	1.4B	1.9B	2.5B	2.3B	2.6B	—	5B	3.8B
Shares outstanding	22.5M	24.2M	24M	23.1M	22.7M	22.8M	22.1M	21.5M	32.6M	32.5M	32.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	13.7	13.1	3.95	9	10.7	5.45	2.73	10.1	—	26.1	16.4
P/S	0.62	0.69	0.21	0.34	0.42	0.3	0.18	0.42	—	0.89	0.56
P/B	4.12	3.03	1.16	1.62	1.85	1.6	0.94	1.38	—	2.97	1.95
EV/EBITDA	8.94	9.48	4.7	6.61	7.82	5.58	3.7	6.51	—	11.8	8.76
EV/Sales	0.84	0.9	0.48	0.61	0.78	0.63	0.48	0.76	—	1.26	0.97
Earnings yield	7.28%	7.64%	25.3%	11.1%	9.37%	18.4%	36.7%	9.93%	—	3.83%	6.1%
FCF yield	10.7%	6.9%	34.9%	20.4%	12.4%	15.1%	37.1%	24.1%	—	6.87%	1.48%
PEG	—	—	—	—	—	—	—	—	—	—	0.46

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	16.6%	17.1%	18.4%	18.1%	18.5%	19.6%	21.7%	22.6%	22.5%	23.1%	23.8%
Operating margin	7.43%	7.45%	7.88%	6.61%	6.97%	8.62%	10.2%	7.5%	6.94%	6.99%	7.4%
Net margin	4.55%	5.24%	5.3%	3.83%	3.9%	5.52%	6.72%	4.12%	3.72%	3.42%	3.74%
ROE	30%	23.1%	29.3%	18%	17.3%	29.3%	34.4%	13.7%	12.3%	11.4%	13%
ROA	10.4%	9.89%	9.73%	6.09%	5.54%	8.49%	11.8%	5.58%	4.58%	4.39%	5.28%
ROIC	13.4%	12.8%	13.6%	10.4%	8.89%	12.9%	15.7%	8.68%	7.64%	7.94%	7.41%
Return on tangible assets	-399.4%	-112.2%	-122%	75.7%	196.9%	84.2%	393.1%	-975.8%	-77.2%	-151.5%	110.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.01	2.01	2.44	2.76	2.32	2.25	2.48	2.38	2.33	2.51	2.67
Quick ratio	0.61	0.72	0.71	1.41	0.95	0.83	0.66	0.73	0.77	0.8	0.96
Debt / equity	1.47	0.95	1.54	1.55	1.68	1.89	1.52	1.15	1.35	1.26	1.46
Debt / assets	0.51	0.41	0.51	0.52	0.53	0.55	0.52	0.47	0.5	0.49	0.51
Net debt / EBITDA	2.31	2.26	2.67	2.9	3.62	2.9	2.28	2.95	3.51	3.48	3.72
Interest coverage	12.6	13.9	6.75	4.22	4.03	6.08	8.17	3.77	3.25	3.38	3.59
Effective tax rate	33.6%	24.2%	21.2%	24%	25.6%	23.5%	24.6%	25.3%	22.5%	23.7%	23.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	54.3	67.5	94.3	101.4	109.4	179	220.5	161.2	114.1	121.6	122
EPS (basic)	2.47	3.54	4.99	3.88	4.27	9.87	14.8	6.64	4.25	4.16	4.16
EPS (diluted)	2.43	3.48	4.93	3.85	4.2	9.63	13.5	6.5	4.11	3.9	4.2
Book value per share	8.23	15.3	17	21.6	24.6	33.7	43.1	48.6	34.6	36.5	35.2
FCF per share	3.63	3.19	6.9	7.14	5.63	8.14	15	16.1	6.86	7.45	3.63
Cash per share	0.29	0.11	0.29	6.05	1.97	5.39	1.03	0.53	1.03	0.81	0.91
Capex per share	0.01	0.05	0.27	0.19	0.01	2.84	3.26	2.68	2.25	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.02%	0.07%	0.29%	0.19%	0.01%	1.58%	1.48%	1.66%	1.97%	—	—
Capex / operating cash flow	0.33%	1.57%	2.95%	2.16%	0.13%	24.4%	18.2%	14%	22.1%	—	—
Payout ratio	—	0%	0%	6.47%	24.3%	12%	10%	29.5%	36.3%	40.9%	43.1%
Dividend yield	—	0%	0%	0.72%	2.28%	2.21%	3.67%	2.93%	—	1.57%	2.72%

Yield

2.72%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.47

ex-dividend Aug 24, 2026

Payout ratio

43%

of earnings

Dividend growth

6 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 24, 2026	$0.47
May 26, 2026	$0.47
Feb 23, 2026	$0.47
Dec 1, 2025

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$866.1M	$781.2M	$933.5M	$1B	$919.4M	$846.1M	$1B	$1B	$975.6M	$924.2M	$997.2M	$1B
YoY change	-22.1%	-17.9%	+3.71%	+10.4%	+6.16%	+8.31%	+7.49%	+3.04%	+6.11%	+9.22%	-0.62%	-0.56%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	6.4M	2.8M	6.9M	139.4M	44.8M	122.8M	22.8M	11.4M	33.6M	26.4M
Receivables	38.5M	77.8M	82.5M	87.5M	132.5M	157.2M	144.3M	136.8M	149.1M	171.7M
Inventory	120M	175.3M	272.9M	253.9M	312.8M	614.4M	667.8M	510.1M	551.6M	595.3M
Total current assets	172.8M	274M	385.2M	516.8M	528.1M	974.1M	909.9M	734.6M	822.6M	873.1M
Property, plant & equipment	44.4M	73.1M	117.4M	206.9M	295.9M	394.2M	432M	445.4M	500M	521.9M
Goodwill & intangibles	548.9M	943M	1.3B	1.4B	1.7B	2.4B	2.7B	2.6B	3.2B	3.2B
Total assets	535M	866.6M	1.2B	1.5B	1.8B	2.7B	2.8B	2.6B	3B	3.1B
Accounts payable	46.8M	84.1M	89.8M	96.2M	105.8M	203.5M	142.9M	140.5M	187.9M	192.4M
Short-term debt	15.8M	15.8M	8.8M	32.7M	38.4M	47.8M	51.7M	56.3M	59.9M	61.2M
Total current liabilities	86.1M	136.4M	157.8M	186.9M	227.4M	432.8M	367.2M	308.5M	353.6M	348.5M
Long-term debt	256.8M	338.1M	621.8M	736.8M	899.1M	1.4B	1.4B	1.2B	1.5B	1.4B
Total liabilities	349.5M	496M	822.5M	973.5M	1.2B	1.9B	1.8B	1.5B	1.9B	1.9B
Shareholders' equity	185.4M	370.7M	408.8M	497.5M	559.4M	767.6M	955.2M	1B	1.1B	1.2B
Total debt	272.6M	353.9M	630.5M	769.5M	937.5M	1.4B	1.5B	1.2B	1.5B	1.5B
Net debt	266.1M	351.1M	623.6M	630.1M	892.7M	1.3B	1.4B	1.2B	1.5B	1.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	20.7M	26.4M	37.5M	29.2M
Receivables	—	—	—	—	—	—	—	—	278.4M	171.7M	285.4M	276.9M
Inventory	—	—	—	—	—	—	—	—	599.7M	595.3M	626.1M	653.3M
Total current assets	—	—	—	—	—	—	—	—	951.9M	873.1M	1B	1B
Property, plant & equipment	—	—	—	—	—	—	—	—	613.3M	521.9M	630.1M	637.8M
Goodwill & intangibles	—	—	—	—	—	—	—	—	3.1B	3.2B	3.1B	3.1B
Total assets	—	—	—	—	—	—	—	—	3.1B	3.1B	3.2B	3.2B
Accounts payable	—	—	—	—	—	—	—	—	222M	192.4M	217.6M	224.5M
Short-term debt	—	—	—	—	—	—	—	—	60.9M	61.2M	63.5M	64.2M
Total current liabilities	—	—	—	—	—	—	—	—	407.6M	348.5M	374M	383.3M
Long-term debt	—	—	—	—	—	—	—	—	1.5B	1.4B	1.5B	1.6B
Total liabilities	—	—	—	—	—	—	—	—	2B	1.9B	2B	2.1B
Shareholders' equity	—	—	—	—	—	—	—	—	1.2B	1.2B	1.2B	1.1B
Total debt	—	—	—	—	—	—	—	—	1.5B	1.5B	1.6B	1.7B
Net debt	—	—	—	—	—	—	—	—	1.5B	1.5B	1.6B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	55.6M	85.7M	119.8M	89.6M	97.1M	224.9M	328.2M	142.9M	138.4M	135.1M
Depreciation & amortization	24.4M	33.5M	55.1M	62.8M	73.3M	104.8M	130.8M	144.5M	166.5M	170.2M
Stock-based compensation	6.5M	10.4M	14M	15.4M	16M	22.9M	21.8M	19.4M	16.8M	19.1M
Change in working capital	-1.1M	-46.4M	26.8M	25.4M	-43M	-97M	-80.8M	102.8M	13.3M	-24.1M
Operating cash flow	85.6M	77.2M	219.4M	204.2M	162.5M	264.7M	397.2M	412M	332.1M	329.4M
Capital expenditure	279K	1.2M	6.5M	4.4M	211K	-64.6M	-72.3M	-57.6M	-73.3M	—
Investing cash flow	-138.6M	-250.7M	-336.9M	-51.6M	-305.8M	-574.7M	-321.5M	-83.5M	-485M	-121.7M
Dividends paid	—	0	0	-5.8M	-23.6M	-27M	-32.9M	-42.1M	-50.2M	-55.3M
Share repurchases	-5.2M	0	-107.6M	-3.8M	-23.1M	-48.9M	-77.1M	-18.8M	-4.7M	-32M
Financing cash flow	63M	174.4M	160M	-891.2M	222.5M	212.1M	-190.5M	-335M	208.1M	-130.1M
Net change in cash	10M	905K	42.5M	-738.5M	79.2M	-98M	-114.8M	-6.4M	55.3M	77.6M
Free cash flow	81.7M	77.4M	165.5M	164.7M	128.1M	185.3M	331.6M	346.6M	223.3M	241.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	39.5M	30.8M	35.1M	47.9M	40.9M	14.6M	38.2M	32.4M	35.3M	29.1M	39.5M	43.4M
Depreciation & amortization	36.5M	36.6M	40.3M	41.5M	42.2M	42.5M	42.6M	42.6M	42M	43M	42.8M	43M
Stock-based compensation	5.7M	5.8M	5.5M	4.3M	4.6M	2.4M	5.2M	6.1M	3.9M	3.9M	6M	6M
Change in working capital	30.7M	55.8M	-49.2M	47.8M	-35M	49.7M	-54.9M	78.2M	-101.9M	54.5M	-107.4M	-8.8M
Operating cash flow	113.5M	128.1M	32.6M	141.9M	53.2M	110.5M	24.7M	149.4M	9.1M	130.8M	-14M	82.9M
Capital expenditure	-10.7M	-11.1M	-15.3M	-15M	-17.7M	-25.3M	-18.5M	—	—	—	—	—
Investing cash flow	-9.9M	-11M	-370.7M	-16.1M	-98.6M	-25.5M	-66.1M	-2.4M	-24.4M	-51.4M	-7.5M	-1.8M
Dividends paid	-9.8M	-11.9M	-13M	-12M	-12M	-13.1M	-13.9M	-13.1M	-13M	-15.3M	-16.3M	-14.9M
Share repurchases	-454K	-6.6M	0	0	0	-4.7M	-8.5M	-23.5M	0	0	-14.7M	-91.4M
Financing cash flow	-123.3M	-108.8M	341.7M	-95.1M	55.7M	-94.2M	79M	-193.4M	39.9M	-55.5M	51M	-72.9M
Net change in cash	-19.7M	8.3M	3.6M	30.8M	10.3M	-9.2M	37.6M	-46.5M	24.6M	23.9M	29.5M	8.2M
Free cash flow	104.5M	103.2M	19.7M	120.6M	33.7M	49.4M	19.9M	131.1M	-17.2M	108.1M	-32.9M	65.3M

Date	Ratio
Dec 16, 2024	3:2
Jan 11, 2018	1:1
Dec 11, 2017	3:2
Jun 1, 2015	3:2
May 29, 2015	3:2
Mar 23, 1994	2:1
Jun 10, 1993	3:2

Patrick Industries, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history