PATK · Patrick Industries Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.95B | $3.72B | $3.47B | $4.88B | $4.08B | $2.49B |
| Cost of Revenue | $3.04B | $2.88B | $2.69B | $3.82B | $3.28B | $2.03B |
| Gross Profit | $912.86M | $835.89M | $782.23M | $1.06B | $801.19M | $459.02M |
| R&D | - | - | - | - | - | - |
| SG&A | $361.59M | $325.75M | $299.42M | $327.51M | $253.55M | $146.38M |
| Total Operating Expenses | $636.87M | $577.85M | $522.03M | $563.77M | $449.48M | $285.64M |
| D&A | $170.21M | $166.54M | $144.54M | $130.76M | $104.81M | $73.27M |
| Operating Income | $275.99M | $258.04M | $260.20M | $496.17M | $351.71M | $173.37M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $42.01M | $40.17M | $48.36M | $107.21M | $68.91M | $33.31M |
| Net Income | $135.06M | $138.40M | $142.90M | $328.20M | $224.91M | $97.06M |
| EPS - Basic | $4.16 | $4.25 | $4.43 | $9.88 | $6.58 | $2.85 |
| EPS - Diluted | $3.90 | $4.11 | $4.33 | $8.99 | $6.42 | $2.80 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $26.43M | $33.56M | $11.41M | $22.85M | $122.85M | $44.77M |
| Accounts Receivable | $185.41M | $178.21M | $163.84M | $172.89M | $172.39M | $132.50M |
| Inventory | $595.26M | $551.62M | $510.13M | $667.84M | $614.36M | $312.81M |
| Accounts Payable | $192.45M | $187.91M | $140.52M | $142.91M | $203.54M | $105.79M |
| Current Assets | $873.12M | $822.62M | $734.63M | $909.90M | $974.08M | $528.06M |
| Total Assets | $3.08B | $3.02B | $2.56B | $2.78B | $2.65B | $1.75B |
| Current Liabilities | $348.49M | $353.62M | $308.50M | $367.24M | $432.78M | $227.39M |
| Long-term Debt | $1.28B | $1.31B | $1.02B | $1.28B | $1.28B | $810.91M |
| Total Liabilities | $1.89B | $1.89B | $1.52B | $1.83B | $1.88B | $1.19B |
| Stockholders' Equity | $1.18B | $1.13B | $1.05B | $955.17M | $767.56M | $559.44M |
| Retained Earnings | $976.96M | $926.94M | $843.08M | $758.86M | $513.73M | $360.21M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $329.41M | $326.84M | $408.67M | $411.74M | $252.13M | $160.15M |
| Investing Cash Flow | ($206.49M) | ($512.85M) | ($86.55M) | ($321.47M) | ($574.73M) | ($337.88M) |
| Financing Cash Flow | ($130.06M) | $208.16M | ($333.56M) | ($190.27M) | $400.69M | $83.11M |
| CapEx | $82.92M | $75.68M | $58.99M | $79.88M | $64.80M | $32.10M |
| Free Cash Flow | $246.49M | $251.16M | $349.69M | $331.86M | $187.33M | $128.05M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 23.1% | 22.5% | 22.6% | 21.7% | 19.6% | 18.5% |
| Operating margin | 7.0% | 6.9% | 7.5% | 10.2% | 8.6% | 7.0% |
| EBITDA margin | 11.3% | 11.4% | 11.7% | 12.8% | 11.2% | 9.9% |
| Net margin | 3.4% | 3.7% | 4.1% | 6.7% | 5.5% | 3.9% |
| Free cash flow margin | 6.2% | 6.8% | 10.1% | 6.8% | 4.6% | 5.1% |
| FCF / Net income | 1.83 | 1.81 | 2.45 | 1.01 | 0.83 | 1.32 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.2% | 8.8% | 8.6% | 6.7% | 6.2% | 5.9% |
| Effective tax rate | 23.7% | 22.5% | 25.3% | 24.6% | 23.5% | 25.6% |
| Return on assets | 4.4% | 4.6% | 5.6% | 11.8% | 8.5% | 5.5% |
| Return on equity | 11.4% | 12.3% | 13.7% | 34.4% | 29.3% | 17.3% |
| Return on invested capital | 8.5% | 8.2% | 9.4% | 16.8% | 13.2% | 9.4% |
| Liquidity | ||||||
| Current ratio | 2.51 | 2.33 | 2.38 | 2.48 | 2.25 | 2.32 |
| Quick ratio | 0.80 | 0.77 | 0.73 | 0.66 | 0.83 | 0.95 |
| Cash ratio | 0.08 | 0.09 | 0.04 | 0.06 | 0.28 | 0.20 |
| Leverage | ||||||
| Debt / Equity | 1.08 | 1.16 | 0.97 | 1.34 | 1.67 | 1.45 |
| Debt / Assets | 0.42 | 0.43 | 0.40 | 0.46 | 0.48 | 0.46 |
| Debt / EBITDA | 2.87 | 3.09 | 2.52 | 2.04 | 2.80 | 3.29 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.60 | 2.68 | 2.45 | 2.91 | 3.45 | 3.13 |
| Liabilities / Assets | 0.62 | 0.63 | 0.59 | 0.66 | 0.71 | 0.68 |
| Efficiency | ||||||
| Asset turnover | 1.28 | 1.23 | 1.35 | 1.75 | 1.54 | 1.42 |
| Inventory turnover | 5.10 | 5.22 | 5.26 | 5.72 | 5.33 | 6.48 |
| Days sales outstanding | 17d | 18d | 17d | 13d | 15d | 19d |
| Days inventory outstanding | 72d | 70d | 69d | 64d | 68d | 56d |
| Days payable outstanding | 23d | 24d | 19d | 14d | 23d | 19d |
| Cash conversion cycle | 66d | 64d | 67d | 63d | 61d | 57d |
| Valuation | ||||||
| P / E | 27.8x | 20.2x | 15.4x | 4.5x | 8.4x | 16.3x |
| P / B | 3.2x | 2.5x | 1.4x | 1.0x | 1.6x | 1.9x |
| P / S | 1.0x | 0.8x | 0.4x | 0.2x | 0.3x | 0.4x |
| EV / EBITDA | 11.2x | 9.6x | 6.1x | 3.6x | 5.3x | 7.4x |
| Growth | ||||||
| Revenue growth (YoY) | 6.3% | 7.1% | -29.0% | 19.7% | 64.0% | 6.4% |
| Revenue CAGR (3y) | -6.8% | -3.1% | 11.7% | 27.8% | 49.4% | 26.7% |
| Revenue CAGR (5y) | 9.7% | 9.7% | 23.2% | 31.9% | - | 33.1% |
| Gross profit growth (YoY) | 9.2% | 6.9% | -26.2% | 32.3% | 74.5% | 8.5% |
| Operating income growth (YoY) | 7.0% | -0.8% | -47.6% | 41.1% | 102.9% | 12.3% |
| Net income growth (YoY) | -2.4% | -3.1% | -56.5% | 45.9% | 131.7% | 8.4% |
| EPS growth (YoY) | -5.1% | -5.2% | -51.8% | 40.1% | 129.3% | -27.3% |
| EPS CAGR (3y) | -24.3% | -13.8% | 15.7% | 32.7% | 9.2% | -7.0% |
| EPS CAGR (5y) | 6.9% | 1.3% | -2.5% | 20.9% | 12.0% | 0.6% |
| FCF growth (YoY) | -1.9% | -28.2% | 5.4% | 77.2% | 46.3% | -22.3% |
| FCF CAGR (5y) | 14.0% | 8.8% | 16.1% | 33.8% | 18.0% | 17.3% |
| Book value growth (YoY) | 5.0% | 7.9% | 9.4% | 24.4% | 37.2% | 12.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.95B totalManufacturing$2.94B · 74.5%
Distribution$1.01B · 25.5%
Product / service
$2.94B totalRecreational Vehicle$1.25B · 42.3%
Marine$566.83M · 19.3%
Industrial$463.20M · 15.7%
Powersports$367.73M · 12.5%
Manufactured Housing$298.89M · 10.2%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.21
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing PATRICK INDUSTRIES INC against the 5 most active filers in the same SIC group.
Dividends
$1.81/share trailing 12 months · +15.5% YoY
| Ex-date | Per share |
|---|---|
| May 26, 2026 | $0.4700 |
| Feb 23, 2026 | $0.4700 |
| Dec 1, 2025 | $0.4700 |
| Aug 25, 2025 | $0.4000 |
| May 27, 2025 | $0.4000 |
| Feb 18, 2025 | $0.4000 |
| Nov 25, 2024 | $0.4000 |
| Aug 26, 2024 | $0.3667 |
| Jun 3, 2024 | $0.3667 |
| Feb 16, 2024 | $0.3667 |
| Nov 24, 2023 | $0.3667 |
| Aug 25, 2023 | $0.3000 |
| Jun 9, 2023 | $0.3000 |
| Feb 17, 2023 | $0.3000 |
| Nov 25, 2022 | $0.3000 |
| Aug 26, 2022 | $0.2200 |
| May 27, 2022 | $0.2200 |
| Mar 4, 2022 | $0.2200 |
| Nov 26, 2021 | $0.2200 |
| Aug 27, 2021 | $0.1867 |
| May 28, 2021 | $0.1867 |
| Mar 5, 2021 | $0.1867 |
| Nov 27, 2020 | $0.1867 |
| Aug 28, 2020 | $0.1667 |