Patrick Industries (PATK) Financials

$94.14 -1.36 (-1.42%)

Closing price 04:00 PM Eastern

Extended Trading

$94.16 +0.02 (+0.02%)

As of 04:56 PM Eastern

Annual Income Statements for Patrick Industries

This table shows Patrick Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	42	56	86	120	90	97	225	328	143	138	135
Consolidated Net Income / (Loss)	42	56	86	120	90	97	225	328	143	138	135
Net Income / (Loss) Continuing Operations	42	56	86	120	90	97	225	328	143	138	135
Total Pre-Tax Income	66	84	113	152	118	130	294	435	191	179	177
Total Operating Income	70	91	122	178	154	173	352	496	260	258	276
Total Gross Profit	152	202	279	416	423	459	801	1,060	782	836	913
Total Revenue	920	1,222	1,636	2,263	2,337	2,487	4,078	4,882	3,468	3,716	3,951
Operating Revenue	920	1,222	1,636	2,263	2,337	2,487	4,078	4,882	3,468	3,716	3,951
Total Cost of Revenue	768	1,019	1,357	1,847	1,914	2,028	3,277	3,822	2,686	2,880	3,038
Operating Cost of Revenue	768	1,019	1,357	1,847	1,914	2,028	3,277	3,822	2,686	2,880	3,038
Total Operating Expenses	82	112	157	237	268	286	449	564	522	578	637
Selling, General & Admin Expense	46	62	91	128	134	146	254	328	299	326	362
Amortization Expense	8.80	13	19	34	36	41	56	73	79	96	97
Other Operating Expenses / (Income)	27	36	47	75	98	98	140	163	144	156	178
Total Other Income / (Expense), net	-4.32	-7.19	-8.79	-26	-37	-43	-58	-61	-69	-79	-99
Interest & Investment Income	-4.32	-7.19	-8.79	-26	-37	-43	-58	-61	-69	-79	-75
Other Income / (Expense), net	-	-	-	-	-	-	-	-	0.00	0.00	-24
Income Tax Expense	23	28	27	32	28	33	69	107	48	40	42
Basic Earnings per Share	$1.84	$2.47	$3.54	$4.99	$3.88	$4.27	$9.87	$9.88	$4.43	$4.25	$4.16
Weighted Average Basic Shares Outstanding	22.98M	22.52M	24.23M	24.00M	23.06M	22.73M	22.78M	33.21M	32.28M	32.57M	32.49M
Diluted Earnings per Share	$1.81	$2.43	$3.48	$4.93	$3.85	$4.20	$9.63	$8.99	$4.33	$4.11	$3.90
Weighted Average Diluted Shares Outstanding	23.25M	22.90M	24.64M	24.32M	23.28M	23.09M	23.36M	36.71M	33.04M	33.70M	34.64M
Weighted Average Basic & Diluted Shares Outstanding	15.30M	22.50M	24.20M	23.87M	23.88M	23.54M	23.35M	22.42M	22.38M	33.64M	33.23M

This table shows Patrick Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025	6/29/2025	9/28/2025	12/31/2025	3/29/2026
Net Income / (Loss) Attributable to Common Shareholders	40	31	35	48	41	15	38	32	35	29	39
Consolidated Net Income / (Loss)	40	31	35	48	41	15	38	32	35	29	39
Net Income / (Loss) Continuing Operations	40	31	35	48	41	15	38	32	35	29	39
Total Pre-Tax Income	54	42	39	64	54	21	46	43	48	39	46
Total Operating Income	71	57	59	85	74	40	66	87	66	57	65
Total Gross Profit	199	179	205	231	213	187	229	251	221	213	227
Total Revenue	866	781	933	1,017	919	846	1,003	1,048	976	924	997
Operating Revenue	866	781	933	1,017	919	846	1,003	1,048	976	924	997
Total Cost of Revenue	667	602	729	785	707	659	775	797	755	711	770
Operating Cost of Revenue	667	602	729	785	707	659	775	797	755	711	770
Total Operating Expenses	128	122	146	147	138	148	163	164	155	155	162
Selling, General & Admin Expense	71	68	85	84	76	81	94	93	86	88	93
Amortization Expense	20	20	23	24	24	25	25	25	24	24	24
Other Operating Expenses / (Income)	38	34	37	39	38	42	45	46	44	43	45
Total Other Income / (Expense), net	-17	-15	-20	-20	-20	-19	-19	-43	-18	-18	-18
Interest & Investment Income	-17	-15	-20	-20	-20	-19	-19	-19	-18	-18	-18
Income Tax Expense	15	11	4.16	16	14	6.05	8.22	11	13	10	6.85
Basic Earnings per Share	$1.84	$0.95	$1.08	$1.47	$1.25	$0.45	$1.17	$1.00	$1.09	$0.90	$1.21
Weighted Average Basic Shares Outstanding	21.51M	32.28M	32.48M	32.59M	32.61M	32.57M	32.67M	32.52M	32.38M	32.49M	32.49M
Diluted Earnings per Share	$1.81	$0.95	$1.06	$1.44	$1.20	$0.45	$1.11	$0.96	$1.01	$0.90	$1.10
Weighted Average Diluted Shares Outstanding	21.88M	33.04M	33.12M	33.25M	33.96M	33.70M	34.42M	33.82M	35.08M	34.64M	36.05M
Weighted Average Basic & Diluted Shares Outstanding	22.13M	22.38M	22.40M	22.40M	22.40M	33.64M	33.43M	33.28M	33.28M	33.23M	32.89M

This table details how cash moves in and out of Patrick Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-0.04	6.36	-3.68	4.13	132	-95	78	-100	-11	22	-7.13
Net Cash From Operating Activities	67	97	100	200	192	160	252	412	409	327	329
Net Cash From Continuing Operating Activities	67	97	100	200	192	160	252	412	409	327	329
Net Income / (Loss) Continuing Operations	42	56	86	120	90	97	225	328	143	138	135
Consolidated Net Income / (Loss)	42	56	86	120	90	97	225	328	143	138	135
Depreciation Expense	17	24	34	55	63	73	105	131	145	167	170
Amortization Expense	-	0.00	0.00	5.89	7.02	7.19	7.99	3.89	3.24	3.27	3.27
Non-Cash Adjustments To Reconcile Net Income	5.80	7.74	11	11	14	20	28	19	20	19	18
Changes in Operating Assets and Liabilities, net	2.06	9.47	-30	8.10	19	-37	-114	-70	98	-0.84	2.64
Net Cash From Investing Activities	-147	-154	-273	-371	-79	-338	-575	-321	-87	-513	-206
Net Cash From Continuing Investing Activities	-147	-154	-273	-371	-79	-338	-575	-321	-87	-513	-206
Purchase of Property, Plant & Equipment	-7.96	-15	-22	-34	-28	-32	-65	-80	-59	-76	-83
Acquisitions	-140	-139	-252	-343	-56	-306	-508	-249	-26	-412	-122
Sale of Property, Plant & Equipment	0.10	0.28	1.21	6.46	4.40	0.21	0.20	7.62	1.36	2.41	2.76
Other Investing Activities, net	0.64	0.04	-	-	0.00	0.00	-2.00	-0.31	-3.06	-28	-4.58
Net Cash From Financing Activities	80	63	170	175	19	83	401	-190	-334	208	-130
Net Cash From Continuing Financing Activities	80	63	170	175	19	83	401	-190	-334	208	-130
Repayment of Debt	-296	-383	-594	-1,122	-924	-104	-995	-904	-749	-1,660	-776
Repurchase of Common Equity	-23	-5.21	0.00	-108	-3.82	-23	-49	-77	-19	-4.66	-32
Payment of Dividends	-	-	0.00	0.00	-5.80	-24	-27	-33	-42	-50	-55
Issuance of Debt	398	451	675	1,421	961	239	1,500	839	488	1,945	744
Other Financing Activities, net	1.78	0.23	-4.82	-34	-7.80	-5.10	-72	-16	-12	-22	-11

This table details how cash moves in and out of Patrick Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025	6/29/2025	9/28/2025	12/31/2025	3/29/2026
Net Change in Cash & Equivalents	-17	-5.04	6.20	26	8.65	-19	53	-65	-1.28	5.73	11
Net Cash From Operating Activities	115	115	35	137	52	103	40	149	9.10	131	-14
Net Cash From Continuing Operating Activities	115	115	35	137	52	103	40	149	9.10	131	-14
Net Income / (Loss) Continuing Operations	40	31	35	48	41	15	38	32	35	29	39
Consolidated Net Income / (Loss)	40	31	35	48	41	15	38	32	35	29	39
Depreciation Expense	36	37	40	41	42	43	43	43	42	43	43
Amortization Expense	-	-	0.80	-	-	-	0.79	0.82	0.82	0.84	0.82
Non-Cash Adjustments To Reconcile Net Income	6.78	1.99	5.51	4.85	5.54	2.76	5.69	6.29	3.93	2.34	6.03
Changes in Operating Assets and Liabilities, net	33	42	-47	43	-37	40	-47	67	-73	56	-103
Net Cash From Investing Activities	-9.92	-11	-371	-16	-99	-27	-66	-21	-50	-70	-26
Net Cash From Continuing Investing Activities	-9.92	-11	-371	-16	-99	-27	-66	-21	-50	-70	-26
Purchase of Property, Plant & Equipment	-11	-12	-15	-17	-18	-25	-20	-18	-26	-18	-19
Acquisitions	0.83	0.15	-330	-1.09	-81	-0.18	-48	-0.58	-22	-51	-7.22
Sale of Property, Plant & Equipment	0.22	0.42	0.17	1.95	0.18	0.12	1.68	0.15	0.41	0.52	0.49
Other Investing Activities, net	-0.02	-0.09	-26	-0.04	-0.07	-1.97	-0.04	-1.82	-2.21	-0.51	-0.28
Net Cash From Financing Activities	-123	-109	342	-95	56	-94	79	-193	40	-56	51
Net Cash From Continuing Financing Activities	-123	-109	342	-95	56	-94	79	-193	40	-56	51
Repayment of Debt	-229	-93	-316	-268	-210	-866	-153	-239	-221	-163	-198
Repurchase of Common Equity	-0.45	-6.58	0.00	-	-	-4.66	-8.51	-23	-	-	-15
Payment of Dividends	-9.75	-12	-13	-12	-12	-13	-14	-13	-13	-15	-16
Issuance of Debt	117	6.25	689	186	280	790	263	82	274	125	293
Other Financing Activities, net	-0.94	-3.40	-18	-1.13	-2.27	-0.28	-8.61	-0.04	-0.32	-2.01	-13

This table presents Patrick Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	382	535	867	1,231	1,471	1,753	2,651	2,782	2,562	3,021	3,076
Total Current Assets	134	173	274	385	517	528	974	910	735	823	873
Cash & Equivalents	0.09	6.45	2.77	6.90	139	45	123	23	11	34	26
Accounts Receivable	38	38	78	82	88	133	172	173	164	178	185
Inventories, net	89	120	175	273	254	313	614	668	510	552	595
Prepaid Expenses	6.12	7.85	18	23	36	38	64	46	49	59	66
Plant, Property, & Equipment, net	68	85	118	177	181	251	319	351	354	385	409
Total Noncurrent Assets	180	277	474	669	773	974	1,357	1,522	1,474	1,813	1,795
Goodwill	69	110	208	282	319	396	551	629	637	797	840
Intangible Assets	107	165	263	383	357	456	640	720	651	803	743
Other Noncurrent Operating Assets	2.44	2.27	2.69	4.20	97	122	165	173	186	213	212
Total Liabilities & Shareholders' Equity	382	535	867	1,231	1,471	1,753	2,651	2,782	2,562	3,021	3,076
Total Liabilities	253	350	496	822	974	1,194	1,883	1,827	1,517	1,893	1,892
Total Current Liabilities	58	86	136	158	187	227	433	367	308	354	348
Short-Term Debt	11	16	16	8.75	5.00	7.50	7.50	7.50	7.50	6.25	6.25
Accounts Payable	29	47	84	90	96	106	204	143	141	188	192
Accrued Expenses	18	24	37	59	58	83	181	173	112	106	94
Other Current Liabilities	-	-	-	0.00	28	31	40	44	49	54	55
Total Noncurrent Liabilities	195	263	360	665	787	967	1,450	1,460	1,209	1,539	1,543
Long-Term Debt	193	257	338	622	670	811	1,279	1,276	1,018	1,312	1,283
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	4.99	14	23	27	40	36	48	47	61	97
Other Noncurrent Operating Liabilities	1.92	1.61	7.78	20	89	116	135	136	144	166	164
Total Equity & Noncontrolling Interests	129	185	371	409	497	559	768	955	1,045	1,128	1,184
Total Preferred & Common Equity	129	185	371	409	497	559	768	955	1,045	1,128	1,184
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	129	185	371	409	497	559	768	955	1,045	1,128	1,184
Common Stock	66	72	171	187	198	205	256	197	203	202	208
Retained Earnings	63	113	199	225	306	360	514	759	843	927	977
Accumulated Other Comprehensive Income / (Loss)	0.03	0.03	0.07	-2.68	-5.70	-6.05	-2.23	-0.70	-1.00	-0.93	-0.88

This table presents Patrick Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/25/2022	4/2/2023	7/2/2023	10/1/2023	3/31/2024	6/30/2024	9/29/2024	3/30/2025	6/29/2025	9/28/2025	3/29/2026
Total Assets	2,897	2,817	2,707	2,656	3,033	3,004	3,123	3,187	3,079	3,147	3,218
Total Current Assets	1,107	954	834	811	859	854	913	976	900	952	1,015
Cash & Equivalents	53	31	34	16	18	44	53	87	22	21	37
Accounts Receivable	286	256	207	241	278	252	255	289	270	278	285
Inventories, net	734	628	555	518	515	504	545	554	555	600	626
Prepaid Expenses	34	39	38	36	49	53	60	46	53	53	66
Plant, Property, & Equipment, net	343	354	363	358	371	368	369	407	407	412	414
Total Noncurrent Assets	1,446	1,509	1,510	1,486	1,802	1,782	1,841	1,804	1,772	1,783	1,790
Goodwill	598	627	633	637	756	758	789	802	802	815	840
Intangible Assets	675	707	698	671	849	825	839	791	766	753	722
Other Noncurrent Operating Assets	173	175	179	178	198	199	212	212	204	215	228
Total Liabilities & Shareholders' Equity	2,897	2,817	2,707	2,656	3,033	3,004	3,123	3,187	3,079	3,147	3,218
Total Liabilities	1,950	1,847	1,710	1,625	1,974	1,905	1,993	2,046	1,936	1,979	2,030
Total Current Liabilities	436	333	307	336	361	374	379	405	460	408	374
Short-Term Debt	7.50	7.50	7.50	7.50	7.50	7.50	11	6.25	6.25	6.25	6.25
Accounts Payable	189	149	130	148	197	207	189	223	285	222	218
Accrued Expenses	196	131	123	133	104	107	125	120	114	125	92
Other Current Liabilities	43	45	46	47	52	53	53	55	55	55	58
Total Noncurrent Liabilities	1,514	1,514	1,402	1,289	1,614	1,532	1,614	1,641	1,476	1,571	1,656
Long-Term Debt	1,333	1,332	1,216	1,105	1,392	1,311	1,378	1,422	1,266	1,320	1,378
Noncurrent Deferred & Payable Income Tax Liabilities	43	49	49	47	68	68	68	56	54	83	101
Other Noncurrent Operating Liabilities	138	9.02	10	11	154	153	169	163	156	168	177
Total Equity & Noncontrolling Interests	947	970	997	1,031	1,059	1,099	1,129	1,141	1,143	1,169	1,188
Total Preferred & Common Equity	947	970	997	1,031	1,059	1,099	1,129	1,141	1,143	1,169	1,188
Preferred Stock	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00
Total Common Equity	947	970	997	1,031	1,059	1,099	1,129	1,141	1,143	1,169	1,188
Common Stock	195	195	197	202	194	198	201	198	203	206	202
Retained Earnings	753	776	801	830	866	901	930	944	941	963	987
Accumulated Other Comprehensive Income / (Loss)	-1.64	-0.70	-0.79	-0.80	-1.03	-1.03	-0.99	-0.92	-0.93	-0.93	-0.83

This table displays calculated financial ratios and metrics derived from Patrick Industries' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.09%	32.77%	33.86%	38.36%	3.27%	6.40%	64.00%	19.71%	-28.96%	7.14%	6.33%
EBITDA Growth	40.04%	32.88%	34.93%	53.98%	-6.31%	13.19%	83.00%	35.80%	-35.33%	4.87%	-0.66%
EBIT Growth	35.84%	29.92%	34.20%	46.36%	-13.44%	12.26%	102.86%	41.07%	-47.56%	-0.83%	-2.51%
NOPAT Growth	39.88%	34.12%	53.07%	52.28%	-16.55%	9.94%	108.58%	38.91%	-48.02%	2.87%	5.26%
Net Income Growth	37.64%	31.64%	54.23%	39.80%	-25.26%	8.37%	131.73%	45.92%	-56.46%	-3.15%	-2.42%
EPS Growth	37.64%	31.64%	43.21%	41.67%	-21.91%	9.09%	129.29%	45.92%	-56.46%	-5.08%	-5.11%
Operating Cash Flow Growth	44.34%	45.31%	2.83%	100.21%	-3.80%	-16.76%	57.43%	63.30%	-0.74%	-20.02%	0.79%
Free Cash Flow Firm Growth	-145.40%	30.50%	-202.14%	4.47%	168.47%	-246.64%	-92.83%	127.13%	292.95%	-143.63%	215.27%
Invested Capital Growth	63.99%	35.87%	59.84%	43.03%	0.11%	28.99%	44.87%	14.75%	-7.05%	17.14%	1.42%
Revenue Q/Q Growth	6.86%	6.57%	10.22%	2.52%	0.79%	9.86%	10.12%	-3.85%	-4.69%	1.78%	2.02%
EBITDA Q/Q Growth	15.92%	-0.84%	10.16%	5.42%	-0.54%	13.47%	9.76%	-3.23%	-1.21%	-1.94%	-1.43%
EBIT Q/Q Growth	11.27%	3.79%	10.92%	2.76%	-1.85%	17.79%	10.19%	-5.17%	-3.81%	-6.43%	-2.56%
NOPAT Q/Q Growth	13.39%	3.15%	21.78%	1.70%	-5.20%	16.20%	11.57%	-5.48%	-5.07%	-6.23%	7.11%
Net Income Q/Q Growth	12.66%	2.82%	22.05%	-1.70%	-7.24%	22.52%	11.50%	-5.97%	-6.15%	-10.51%	12.05%
EPS Q/Q Growth	12.66%	2.82%	22.11%	-3.33%	-7.89%	20.34%	11.33%	-5.97%	-6.15%	-40.86%	4.84%
Operating Cash Flow Q/Q Growth	37.97%	4.39%	27.31%	2.86%	-1.14%	-12.55%	29.42%	23.08%	-14.10%	-3.60%	9.36%
Free Cash Flow Firm Q/Q Growth	21.79%	-54.97%	-158.42%	40.01%	-89.79%	83.46%	5.68%	183.89%	88.54%	-24,044.02%	-6.21%
Invested Capital Q/Q Growth	-5.87%	0.45%	21.46%	1.64%	0.00%	16.70%	11.48%	-0.82%	-8.58%	-2.15%	-1.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.55%	16.57%	17.05%	18.38%	18.09%	18.46%	19.65%	21.71%	22.56%	22.50%	23.11%
EBITDA Margin	9.42%	9.43%	9.50%	10.58%	9.60%	10.21%	11.39%	12.92%	11.76%	11.51%	10.76%
Operating Margin	7.60%	7.43%	7.45%	7.88%	6.61%	6.97%	8.62%	10.16%	7.50%	6.94%	6.99%
EBIT Margin	7.60%	7.43%	7.45%	7.88%	6.61%	6.97%	8.62%	10.16%	7.50%	6.94%	6.37%
Profit (Net Income) Margin	4.59%	4.55%	5.24%	5.30%	3.83%	3.90%	5.52%	6.72%	4.12%	3.72%	3.42%
Tax Burden Percent	64.36%	66.44%	75.78%	78.85%	76.02%	74.45%	76.55%	75.38%	74.71%	77.51%	76.28%
Interest Burden Percent	93.82%	92.09%	92.79%	85.18%	76.29%	75.20%	83.54%	87.75%	73.50%	69.20%	70.38%
Effective Tax Rate	35.64%	33.56%	24.22%	21.15%	23.98%	25.55%	23.45%	24.62%	25.29%	22.49%	23.72%
Return on Invested Capital (ROIC)	16.82%	15.40%	15.75%	16.04%	11.37%	10.91%	16.50%	18.04%	9.09%	8.94%	8.66%
ROIC Less NNEP Spread (ROIC-NNEP)	14.99%	13.36%	13.59%	11.76%	6.57%	6.02%	11.92%	14.26%	4.57%	3.58%	2.74%
Return on Net Nonoperating Assets (RNNOA)	19.67%	20.00%	15.08%	14.71%	8.40%	7.46%	17.40%	20.07%	5.19%	3.79%	3.02%
Return on Equity (ROE)	36.50%	35.39%	30.83%	30.75%	19.77%	18.37%	33.90%	38.10%	14.29%	12.73%	11.68%
Cash Return on Invested Capital (CROIC)	-31.66%	-15.02%	-30.31%	-19.37%	11.26%	-14.41%	-20.15%	4.30%	16.40%	-6.84%	7.26%
Operating Return on Assets (OROA)	21.95%	19.82%	17.39%	17.01%	11.43%	10.75%	15.97%	18.26%	9.74%	9.24%	8.25%
Return on Assets (ROA)	13.25%	12.13%	12.23%	11.42%	6.63%	6.02%	10.21%	12.08%	5.35%	4.96%	4.43%
Return on Common Equity (ROCE)	36.50%	35.39%	30.83%	30.75%	19.77%	18.37%	33.90%	38.10%	14.29%	12.73%	11.68%
Return on Equity Simple (ROE_SIMPLE)	32.83%	29.97%	23.12%	29.32%	18.00%	17.35%	29.30%	34.36%	13.67%	12.27%	0.00%
Net Operating Profit after Tax (NOPAT)	45	60	92	141	117	129	269	374	194	200	211
NOPAT Margin	4.89%	4.94%	5.65%	6.22%	5.02%	5.19%	6.60%	7.66%	5.61%	5.38%	5.33%
Net Nonoperating Expense Percent (NNEP)	1.83%	2.03%	2.16%	4.28%	4.80%	4.89%	4.57%	3.78%	4.53%	5.36%	5.93%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	16.71%	9.39%	8.18%	8.51%
Cost of Revenue to Revenue	83.45%	83.43%	82.95%	81.62%	81.91%	81.54%	80.35%	78.29%	77.44%	77.50%	76.89%
SG&A Expenses to Revenue	5.05%	5.09%	5.55%	5.67%	5.75%	5.89%	6.22%	6.71%	8.63%	8.77%	9.15%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.95%	9.14%	9.60%	10.49%	11.49%	11.49%	11.02%	11.55%	15.05%	15.55%	16.12%
Earnings before Interest and Taxes (EBIT)	70	91	122	178	154	173	352	496	260	258	252
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	87	115	155	239	224	254	465	631	408	428	425
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.79	5.74	4.30	1.58	2.29	2.66	2.35	1.37	2.08	2.46	3.05
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.67	0.87	0.97	0.29	0.49	0.60	0.44	0.27	0.63	0.75	0.91
Price to Earnings (P/E)	14.58	19.15	18.59	5.40	12.71	15.31	8.01	3.99	15.20	20.09	26.72
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.52%	2.01%	1.54%	2.49%	1.94%	0.00%	1.54%
Earnings Yield	6.86%	5.22%	5.38%	18.53%	7.87%	6.53%	12.48%	25.04%	6.58%	4.98%	3.74%
Enterprise Value to Invested Capital (EV/IC)	2.46	2.95	2.69	1.23	1.62	1.70	1.54	1.16	1.55	1.68	1.99
Enterprise Value to Revenue (EV/Rev)	0.89	1.09	1.19	0.56	0.72	0.91	0.73	0.53	0.92	1.09	1.23
Enterprise Value to EBITDA (EV/EBITDA)	9.45	11.55	12.51	5.31	7.47	8.90	6.38	4.08	7.81	9.50	11.46
Enterprise Value to EBIT (EV/EBIT)	11.72	14.64	15.96	7.12	10.84	13.03	8.43	5.18	12.24	15.75	19.36
Enterprise Value to NOPAT (EV/NOPAT)	18.20	22.04	21.05	9.03	14.26	17.51	11.01	6.88	16.39	20.32	23.14
Enterprise Value to Operating Cash Flow (EV/OCF)	12.25	13.69	19.47	6.35	8.70	14.11	11.76	6.25	7.80	12.43	14.79
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	14.40	0.00	0.00	28.82	9.09	0.00	27.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.59	1.47	0.95	1.54	1.36	1.46	1.68	1.34	0.98	1.17	1.09
Long-Term Debt to Equity	1.50	1.38	0.91	1.52	1.35	1.45	1.67	1.34	0.97	1.16	1.08
Financial Leverage	1.31	1.50	1.11	1.25	1.28	1.24	1.46	1.41	1.14	1.06	1.10
Leverage Ratio	2.75	2.92	2.52	2.69	2.98	3.05	3.32	3.15	2.67	2.57	2.64
Compound Leverage Factor	2.58	2.69	2.34	2.29	2.27	2.29	2.77	2.77	1.96	1.78	1.86
Debt to Total Capital	61.32%	59.51%	48.84%	60.67%	57.58%	59.40%	62.63%	57.34%	49.53%	53.87%	52.12%
Short-Term Debt to Total Capital	3.22%	3.44%	2.18%	0.84%	0.43%	0.54%	0.37%	0.34%	0.36%	0.26%	0.25%
Long-Term Debt to Total Capital	58.10%	56.07%	46.66%	59.83%	57.16%	58.85%	62.27%	57.00%	49.17%	53.62%	51.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	38.68%	40.49%	51.16%	39.33%	42.42%	40.60%	37.37%	42.66%	50.47%	46.13%	47.88%
Debt to EBITDA	2.35	2.37	2.28	2.63	3.01	3.22	2.77	2.03	2.51	3.08	3.03
Net Debt to EBITDA	2.35	2.31	2.26	2.61	2.39	3.05	2.51	2.00	2.49	3.00	2.97
Long-Term Debt to EBITDA	2.23	2.23	2.18	2.60	2.99	3.19	2.75	2.02	2.50	3.07	3.02
Debt to NOPAT	4.53	4.52	3.83	4.48	5.75	6.34	4.78	3.43	5.28	6.59	6.12
Net Debt to NOPAT	4.53	4.41	3.80	4.43	4.57	5.99	4.32	3.37	5.22	6.42	6.00
Long-Term Debt to NOPAT	4.29	4.26	3.66	4.42	5.71	6.28	4.75	3.41	5.24	6.56	6.09
Altman Z-Score	4.94	5.16	4.79	3.27	3.20	2.98	3.07	3.39	3.21	3.01	3.35
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.31	2.01	2.01	2.44	2.76	2.32	2.25	2.48	2.38	2.33	2.51
Quick Ratio	0.66	0.52	0.59	0.57	1.21	0.78	0.68	0.53	0.57	0.60	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-85	-59	-178	-170	116	-171	-329	89	351	-153	176
Operating Cash Flow to CapEx	851.13%	642.21%	469.33%	713.75%	827.25%	502.22%	390.25%	569.78%	709.19%	446.07%	410.91%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.89	2.67	2.33	2.16	1.73	1.54	1.85	1.80	1.30	1.33	1.30
Accounts Receivable Turnover	25.98	31.87	28.14	28.24	27.49	22.60	26.75	28.28	20.60	21.73	21.73
Inventory Turnover	9.57	9.73	9.19	8.24	7.27	7.16	7.07	5.96	4.56	5.42	5.30
Fixed Asset Turnover	14.70	15.93	16.04	15.31	13.06	11.50	14.28	14.57	9.85	10.06	9.96
Accounts Payable Turnover	26.26	27.01	20.74	21.24	20.58	20.08	21.19	22.06	18.95	17.54	15.97
Days Sales Outstanding (DSO)	14.05	11.45	12.97	12.93	13.28	16.15	13.64	12.91	17.72	16.80	16.80
Days Inventory Outstanding (DIO)	38.14	37.50	39.72	44.28	50.22	51.01	51.64	61.23	80.04	67.29	68.90
Days Payable Outstanding (DPO)	13.90	13.52	17.60	17.18	17.73	18.18	17.23	16.54	19.26	20.81	22.85
Cash Conversion Cycle (CCC)	38.29	35.44	35.09	40.02	45.77	48.97	48.05	57.59	78.50	63.27	62.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	332	452	722	1,032	1,033	1,333	1,931	2,216	2,060	2,413	2,447
Invested Capital Turnover	3.44	3.12	2.79	2.58	2.26	2.10	2.50	2.35	1.62	1.66	1.63
Increase / (Decrease) in Invested Capital	130	119	270	311	1.09	300	598	285	-156	353	34
Enterprise Value (EV)	819	1,330	1,945	1,270	1,675	2,260	2,965	2,572	3,186	4,064	4,871
Market Capitalization	615	1,064	1,594	647	1,139	1,486	1,802	1,311	2,172	2,780	3,608
Book Value per Share	$8.27	$12.09	$22.04	$17.03	$20.93	$23.95	$32.45	$42.15	$47.23	$50.37	$35.59
Tangible Book Value per Share	($3.01)	($5.80)	($5.99)	($10.66)	($7.53)	($12.53)	($17.94)	($17.40)	($10.99)	($21.06)	($11.97)
Total Capital	332	458	725	1,039	1,173	1,378	2,054	2,239	2,071	2,446	2,473
Total Debt	204	273	354	631	675	818	1,286	1,284	1,026	1,318	1,289
Total Long-Term Debt	193	257	338	622	670	811	1,279	1,276	1,018	1,312	1,283
Net Debt	204	266	351	624	536	774	1,164	1,261	1,014	1,284	1,263
Capital Expenditures (CapEx)	7.86	15	21	28	23	32	65	72	58	73	80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	87	96	151	229	196	263	426	527	422	442	504
Debt-free Net Working Capital (DFNWC)	87	102	153	236	335	308	549	550	434	475	531
Net Working Capital (NWC)	76	87	138	227	330	301	541	543	426	469	525
Net Nonoperating Expense (NNE)	2.78	4.77	6.66	21	28	32	44	46	52	62	75
Net Nonoperating Obligations (NNO)	204	266	351	624	536	774	1,164	1,261	1,014	1,284	1,263
Total Depreciation and Amortization (D&A)	17	24	34	61	70	80	113	135	148	170	173
Debt-free, Cash-free Net Working Capital to Revenue	9.41%	7.86%	9.20%	10.13%	8.37%	10.59%	10.44%	10.80%	12.17%	11.89%	12.77%
Debt-free Net Working Capital to Revenue	9.42%	8.38%	9.37%	10.44%	14.33%	12.39%	13.46%	11.27%	12.50%	12.79%	13.44%
Net Working Capital to Revenue	8.25%	7.09%	8.41%	10.05%	14.12%	12.09%	13.27%	11.12%	12.29%	12.62%	13.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.84	$2.47	$3.54	$4.99	$3.88	$4.27	$9.87	$9.88	$4.43	$4.25	$4.16
Adjusted Weighted Average Basic Shares Outstanding	22.98M	22.52M	24.23M	24.00M	23.06M	22.73M	22.78M	33.21M	32.28M	32.57M	32.49M
Adjusted Diluted Earnings per Share	$1.81	$2.43	$3.48	$4.93	$3.85	$4.20	$9.63	$8.99	$4.33	$4.11	$3.90
Adjusted Weighted Average Diluted Shares Outstanding	23.25M	22.90M	24.64M	24.32M	23.28M	23.09M	23.36M	36.71M	33.04M	33.70M	34.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.83M	23.07M	25.47M	23.87M	23.88M	23.54M	23.35M	33.63M	33.57M	33.64M	33.23M
Normalized Net Operating Profit after Tax (NOPAT)	45	60	92	141	117	129	269	374	194	200	211
Normalized NOPAT Margin	4.89%	4.94%	5.65%	6.22%	5.02%	5.19%	6.60%	7.66%	5.61%	5.38%	5.33%
Pre Tax Income Margin	7.13%	6.85%	6.92%	6.72%	5.04%	5.24%	7.20%	8.92%	5.51%	4.81%	4.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	6.47%	24.35%	12.02%	10.02%	29.49%	36.26%	40.93%
Augmented Payout Ratio	53.62%	9.38%	0.00%	89.76%	10.73%	48.15%	33.77%	33.51%	42.65%	39.63%	64.60%

This table displays calculated financial ratios and metrics derived from Patrick Industries' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025	6/29/2025	9/28/2025	12/31/2025	3/29/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	33,234,715.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	33,234,715.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.19
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-22.12%	-17.94%	3.71%	10.42%	6.16%	8.31%	7.49%	3.04%	6.11%	9.22%	-0.62%
EBITDA Growth	-14.98%	-10.26%	8.65%	13.10%	8.41%	-12.51%	8.49%	-16.74%	-7.10%	22.00%	-0.63%
EBIT Growth	-23.38%	-15.25%	5.53%	12.06%	4.70%	-30.92%	10.49%	-26.43%	-10.92%	44.99%	-1.29%
NOPAT Growth	-26.36%	-19.74%	18.04%	12.84%	7.85%	-33.49%	1.72%	2.76%	-12.55%	51.73%	2.18%
Net Income Growth	-32.76%	-23.30%	16.31%	13.05%	3.33%	-52.76%	8.96%	-32.26%	-13.61%	99.75%	3.25%
EPS Growth	-25.51%	-23.30%	17.78%	11.34%	-0.55%	-52.63%	4.72%	-33.33%	-15.83%	100.00%	-0.90%
Operating Cash Flow Growth	-25.74%	-36.88%	3,802.74%	-23.32%	-55.38%	-10.62%	13.93%	8.66%	-82.33%	27.46%	-134.95%
Free Cash Flow Firm Growth	107.65%	185.31%	112.51%	-89.49%	-574.49%	-263.93%	-27.79%	848.00%	125.76%	102.54%	-75.18%
Invested Capital Growth	0.84%	-7.05%	1.56%	2.52%	9.44%	17.14%	1.75%	0.88%	0.35%	1.42%	2.11%
Revenue Q/Q Growth	-5.93%	-9.80%	19.50%	8.91%	-9.56%	-7.97%	18.59%	4.40%	-6.87%	-5.27%	7.90%
EBITDA Q/Q Growth	-3.58%	-12.71%	5.89%	26.58%	-7.58%	-29.56%	32.72%	-3.01%	3.17%	-7.20%	7.01%
EBIT Q/Q Growth	-5.95%	-19.36%	3.53%	42.71%	-12.13%	-46.80%	65.61%	-4.98%	6.41%	-13.41%	12.75%
NOPAT Q/Q Growth	-7.13%	-18.91%	26.15%	18.79%	-11.24%	-49.99%	92.93%	20.00%	-24.47%	-13.24%	29.93%
Net Income Q/Q Growth	-6.63%	-22.08%	13.88%	36.45%	-14.66%	-64.38%	162.66%	-15.17%	8.84%	-17.63%	35.77%
EPS Q/Q Growth	-6.70%	-22.08%	13.57%	35.85%	-16.67%	-75.00%	146.67%	-13.51%	5.21%	-10.89%	22.22%
Operating Cash Flow Q/Q Growth	-35.59%	-0.55%	-69.37%	290.84%	-62.52%	99.20%	-60.96%	272.76%	-93.91%	1,337.20%	-110.71%
Free Cash Flow Firm Q/Q Growth	-25.19%	500.24%	-92.13%	-70.26%	-3,478.50%	-107.37%	103.47%	290.36%	-8.20%	-79.57%	-66.09%
Invested Capital Q/Q Growth	-2.65%	-8.58%	18.48%	-2.77%	3.92%	-2.15%	2.92%	-3.61%	3.37%	-1.11%	3.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.99%	22.90%	21.95%	22.75%	23.11%	22.13%	22.78%	23.93%	22.65%	23.01%	22.75%
EBITDA Margin	12.42%	12.02%	10.68%	12.41%	12.68%	9.71%	10.86%	10.09%	11.18%	10.95%	10.86%
Operating Margin	8.21%	7.34%	6.36%	8.33%	8.09%	4.68%	6.53%	8.28%	6.79%	6.21%	6.49%
EBIT Margin	8.21%	7.34%	6.36%	8.33%	8.09%	4.68%	6.53%	5.95%	6.79%	6.21%	6.49%
Profit (Net Income) Margin	4.57%	3.94%	3.76%	4.71%	4.44%	1.72%	3.81%	3.10%	3.62%	3.15%	3.96%
Tax Burden Percent	72.98%	73.38%	89.40%	74.42%	75.17%	70.65%	82.31%	74.68%	73.79%	73.94%	85.21%
Interest Burden Percent	76.25%	73.27%	66.15%	75.98%	73.06%	52.04%	70.85%	69.71%	72.17%	68.51%	71.59%
Effective Tax Rate	27.02%	26.62%	10.60%	25.58%	24.83%	29.35%	17.69%	25.32%	26.21%	26.06%	14.79%
Return on Invested Capital (ROIC)	9.71%	8.73%	8.22%	9.52%	9.41%	5.49%	8.27%	9.90%	7.86%	7.47%	8.69%
ROIC Less NNEP Spread (ROIC-NNEP)	8.73%	7.75%	6.94%	8.35%	8.23%	4.33%	7.12%	7.34%	6.83%	6.42%	7.53%
Return on Net Nonoperating Assets (RNNOA)	11.08%	8.81%	9.63%	10.32%	9.75%	4.58%	8.81%	8.27%	7.85%	7.07%	8.69%
Return on Equity (ROE)	20.79%	17.54%	17.85%	19.84%	19.16%	10.07%	17.08%	18.17%	15.71%	14.54%	17.38%
Cash Return on Invested Capital (CROIC)	8.29%	16.40%	6.79%	6.43%	0.03%	-6.84%	6.44%	7.67%	7.61%	7.26%	6.36%
Operating Return on Assets (OROA)	10.76%	9.52%	7.61%	10.49%	10.23%	6.23%	7.95%	7.46%	8.39%	8.05%	7.99%
Return on Assets (ROA)	5.99%	5.12%	4.50%	5.93%	5.62%	2.29%	4.64%	3.89%	4.47%	4.08%	4.88%
Return on Common Equity (ROCE)	20.79%	17.54%	17.85%	19.84%	19.16%	10.07%	17.08%	18.17%	15.71%	14.54%	17.38%
Return on Equity Simple (ROE_SIMPLE)	14.76%	0.00%	13.96%	13.96%	13.69%	0.00%	12.40%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	52	42	53	63	56	28	54	65	49	42	55
NOPAT Margin	5.99%	5.38%	5.68%	6.20%	6.08%	3.31%	5.38%	6.18%	5.01%	4.59%	5.53%
Net Nonoperating Expense Percent (NNEP)	0.98%	0.99%	1.28%	1.17%	1.18%	1.17%	1.16%	2.56%	1.03%	1.05%	1.17%
Return On Investment Capital (ROIC_SIMPLE)	-	2.03%	-	-	-	1.14%	2.10%	2.68%	1.96%	1.72%	2.14%
Cost of Revenue to Revenue	77.01%	77.10%	78.06%	77.25%	76.89%	77.87%	77.22%	76.07%	77.35%	76.99%	77.25%
SG&A Expenses to Revenue	8.18%	8.65%	9.13%	8.22%	8.24%	9.59%	9.36%	8.90%	8.82%	9.57%	9.34%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.78%	15.56%	15.59%	14.42%	15.02%	17.45%	16.25%	15.65%	15.85%	16.80%	16.26%
Earnings before Interest and Taxes (EBIT)	71	57	59	85	74	40	66	62	66	57	65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	108	94	100	126	117	82	109	106	109	101	108
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.58	2.08	2.51	2.21	2.82	2.46	2.47	2.70	2.95	3.05	3.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.45	0.63	0.76	0.68	0.87	0.75	0.75	0.81	0.89	0.91	0.90
Price to Earnings (P/E)	10.73	15.20	18.00	15.86	20.58	20.09	19.94	24.50	28.60	26.72	26.19
Dividend Yield	2.45%	1.94%	1.68%	1.93%	1.55%	0.00%	1.83%	1.70%	1.54%	1.54%	1.62%
Earnings Yield	9.32%	6.58%	5.55%	6.31%	4.86%	4.98%	5.01%	4.08%	3.50%	3.74%	3.82%
Enterprise Value to Invested Capital (EV/IC)	1.27	1.55	1.66	1.56	1.83	1.68	1.68	1.81	1.92	1.99	1.94
Enterprise Value to Revenue (EV/Rev)	0.78	0.92	1.15	1.03	1.24	1.09	1.10	1.14	1.23	1.23	1.25
Enterprise Value to EBITDA (EV/EBITDA)	6.91	7.81	9.80	8.67	10.36	9.50	9.54	9.87	11.02	11.46	10.95
Enterprise Value to EBIT (EV/EBIT)	10.56	12.24	15.36	13.60	16.39	15.75	15.76	16.30	18.41	19.36	17.87
Enterprise Value to NOPAT (EV/NOPAT)	13.94	16.39	20.02	17.72	21.19	20.32	20.68	21.31	24.19	23.14	23.20
Enterprise Value to Operating Cash Flow (EV/OCF)	6.00	7.80	9.09	9.20	13.33	12.43	12.55	12.63	15.78	14.79	17.86
Enterprise Value to Free Cash Flow (EV/FCFF)	15.35	9.09	24.58	24.59	7,074.20	0.00	26.25	23.73	25.29	27.63	30.81
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.20	0.98	1.32	1.20	1.23	1.17	1.25	1.11	1.14	1.09	1.17
Long-Term Debt to Equity	1.19	0.97	1.32	1.19	1.22	1.16	1.25	1.11	1.13	1.08	1.16
Financial Leverage	1.27	1.14	1.39	1.24	1.18	1.06	1.24	1.13	1.15	1.10	1.15
Leverage Ratio	2.81	2.67	2.88	2.72	2.67	2.57	2.83	2.71	2.73	2.64	2.75
Compound Leverage Factor	2.14	1.96	1.91	2.07	1.95	1.34	2.00	1.89	1.97	1.81	1.97
Debt to Total Capital	54.56%	49.53%	56.94%	54.55%	55.15%	53.87%	55.59%	52.68%	53.17%	52.12%	53.81%
Short-Term Debt to Total Capital	0.33%	0.36%	0.31%	0.31%	0.45%	0.26%	0.24%	0.26%	0.25%	0.25%	0.24%
Long-Term Debt to Total Capital	54.23%	49.17%	56.63%	54.24%	54.71%	53.62%	55.35%	52.42%	52.92%	51.87%	53.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	45.44%	50.47%	43.06%	45.45%	44.85%	46.13%	44.41%	47.32%	46.83%	47.88%	46.19%
Debt to EBITDA	3.00	2.51	3.39	3.09	3.18	3.08	3.27	2.90	3.08	3.03	3.09
Net Debt to EBITDA	2.96	2.49	3.35	2.98	3.06	3.00	3.08	2.85	3.03	2.97	3.00
Long-Term Debt to EBITDA	2.98	2.50	3.37	3.07	3.16	3.07	3.26	2.88	3.06	3.02	3.07
Debt to NOPAT	6.05	5.28	6.93	6.31	6.51	6.59	7.09	6.25	6.75	6.12	6.53
Net Debt to NOPAT	5.97	5.22	6.84	6.09	6.27	6.42	6.66	6.14	6.64	6.00	6.36
Long-Term Debt to NOPAT	6.01	5.24	6.89	6.27	6.46	6.56	7.06	6.22	6.72	6.09	6.50
Altman Z-Score	2.71	2.95	2.62	2.67	2.83	2.77	2.71	2.86	2.98	3.14	3.02
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.42	2.38	2.38	2.29	2.41	2.33	2.41	1.96	2.34	2.51	2.71
Quick Ratio	0.77	0.57	0.82	0.79	0.81	0.60	0.93	0.63	0.73	0.61	0.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	33	198	16	4.64	-157	-325	11	44	40	8.25	2.80
Operating Cash Flow to CapEx	1,077.13%	1,030.81%	229.49%	918.44%	291.55%	405.75%	216.78%	824.13%	35.16%	740.82%	-75.98%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.31	1.30	1.20	1.26	1.26	1.33	1.22	1.25	1.24	1.30	1.23
Accounts Receivable Turnover	13.82	20.60	13.09	15.68	14.71	21.73	13.34	14.62	14.51	21.73	13.73
Inventory Turnover	4.53	4.56	4.74	5.25	5.31	5.42	5.48	5.55	5.21	5.30	5.14
Fixed Asset Turnover	10.37	9.85	9.66	9.84	10.03	10.06	9.73	9.85	9.91	9.96	9.61
Accounts Payable Turnover	16.82	18.95	15.66	16.52	16.73	17.54	13.93	11.96	14.52	15.97	13.76
Days Sales Outstanding (DSO)	26.41	17.72	27.87	23.28	24.81	16.80	27.35	24.97	25.15	16.80	26.58
Days Inventory Outstanding (DIO)	80.59	80.04	77.01	69.46	68.72	67.29	66.64	65.80	70.00	68.90	70.99
Days Payable Outstanding (DPO)	21.69	19.26	23.31	22.10	21.82	20.81	26.19	30.51	25.14	22.85	26.52
Cash Conversion Cycle (CCC)	85.31	78.50	81.57	70.64	71.71	63.27	67.80	60.26	70.01	62.84	71.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,253	2,060	2,441	2,373	2,466	2,413	2,483	2,394	2,474	2,447	2,536
Invested Capital Turnover	1.62	1.62	1.45	1.53	1.55	1.66	1.54	1.60	1.57	1.63	1.57
Increase / (Decrease) in Invested Capital	19	-156	37	58	213	353	43	21	8.55	34	52
Enterprise Value (EV)	2,855	3,186	4,043	3,706	4,519	4,064	4,165	4,340	4,754	4,871	4,916
Market Capitalization	1,633	2,172	2,661	2,432	3,183	2,780	2,823	3,090	3,448	3,608	3,569
Book Value per Share	$46.43	$47.23	$47.29	$49.04	$50.42	$50.37	$33.92	$34.20	$35.11	$35.59	$35.76
Tangible Book Value per Share	($12.46)	($10.99)	($24.39)	($21.66)	($22.27)	($21.06)	($13.42)	($12.71)	($12.02)	($11.97)	($11.22)
Total Capital	2,270	2,071	2,458	2,417	2,518	2,446	2,570	2,416	2,495	2,473	2,573
Total Debt	1,238	1,026	1,400	1,318	1,389	1,318	1,429	1,273	1,327	1,289	1,385
Total Long-Term Debt	1,231	1,018	1,392	1,311	1,378	1,312	1,422	1,266	1,320	1,283	1,378
Net Debt	1,222	1,014	1,382	1,274	1,336	1,284	1,342	1,251	1,306	1,263	1,347
Capital Expenditures (CapEx)	11	11	15	15	18	25	18	18	26	18	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	466	422	489	444	492	442	491	424	530	504	609
Debt-free Net Working Capital (DFNWC)	483	434	506	488	545	475	577	446	551	531	647
Net Working Capital (NWC)	475	426	499	480	534	469	571	440	544	525	641
Net Nonoperating Expense (NNE)	12	11	18	15	15	13	16	32	14	13	16
Net Nonoperating Obligations (NNO)	1,222	1,014	1,382	1,274	1,336	1,284	1,342	1,251	1,306	1,263	1,347
Total Depreciation and Amortization (D&A)	36	37	40	41	42	43	43	43	43	44	44
Debt-free, Cash-free Net Working Capital to Revenue	12.82%	12.17%	13.96%	12.34%	13.49%	11.89%	12.96%	11.11%	13.68%	12.77%	15.45%
Debt-free Net Working Capital to Revenue	13.27%	12.50%	14.46%	13.56%	14.93%	12.79%	15.24%	11.68%	14.22%	13.44%	16.40%
Net Working Capital to Revenue	13.07%	12.29%	14.25%	13.35%	14.62%	12.62%	15.08%	11.52%	14.06%	13.28%	16.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.84	$0.63	$1.62	$2.20	$1.88	$0.45	$1.17	$1.00	$1.09	$0.90	$1.21
Adjusted Weighted Average Basic Shares Outstanding	21.51M	48.42M	21.65M	21.72M	21.74M	32.57M	32.67M	32.52M	32.38M	32.49M	32.49M
Adjusted Diluted Earnings per Share	$1.81	$0.63	$1.59	$2.16	$1.80	$0.45	$1.11	$0.96	$1.01	$0.90	$1.10
Adjusted Weighted Average Diluted Shares Outstanding	21.88M	49.56M	22.08M	22.17M	22.64M	33.70M	34.42M	33.82M	35.08M	34.64M	36.05M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.63	$0.00	$0.00	$0.00	$0.45	$0.00	$0.00	$0.00	$0.90	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.13M	33.57M	22.40M	22.40M	22.40M	33.64M	33.43M	33.28M	33.28M	33.23M	32.89M
Normalized Net Operating Profit after Tax (NOPAT)	52	42	53	63	56	28	54	65	49	42	55
Normalized NOPAT Margin	5.99%	5.38%	5.68%	6.20%	6.08%	3.31%	5.38%	6.18%	5.01%	4.59%	5.53%
Pre Tax Income Margin	6.26%	5.38%	4.20%	6.33%	5.91%	2.44%	4.63%	4.15%	4.90%	4.26%	4.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.35%	29.49%	30.03%	30.44%	31.65%	36.26%	36.06%	41.31%	44.05%	40.93%	42.35%
Augmented Payout Ratio	54.17%	42.65%	40.28%	35.03%	35.90%	39.63%	45.36%	70.36%	74.43%	64.60%	70.34%

Financials Breakdown Chart

Key Financial Trends

Patrick Industries (PATK) has shown ongoing profitability and cash generation across the last four years, with notable strength in several 2025 quarters. Below are the top trends drawn from quarterly income statements, cash flow statements, and balance sheets. Items are listed positives first, then neutral, then negatives.

Profitability remained solid in the latest year, with quarterly net income continuing to positive levels (e.g., Q4 2025 net income about $29.1M; Q3 2025 about $35.3M; Q2 2025 about $32.4M; Q1 2025 about $38.2M).
Operating cash flow was strong in several 2025 quarters, highlighting robust cash generation from core operations (e.g., Q2 2025 net cash from continuing operating activities around $149.4M; Q4 2025 around $130.8M; other quarters also positive).
Free cash flow was meaningfully positive in multiple periods, reflecting cash left after capital spending (e.g., Q2 2025 free cash flow around $131M; Q4 2025 around $112M; Q1 2025 around $20M).
The company increased its cash return to shareholders, with cash dividends per share rising to $0.47 in Q4 2025 from $0.40 in the prior year quarter.
Gross margins have remained stable in the low-to-mid 20s percent range (roughly 22%–24%), indicating consistent product profitability despite volume changes.
Earnings per share (EPS) have generally hovered around the $1.0–$1.2 range in many periods, with quarterly variations (e.g., Q3 2025 Basic EPS around $1.09; Q4 2025 Basic EPS around $0.90; Q1 2025 around $1.17), suggesting steady profitability on a per-share basis.
Balance sheet equity has remained in the roughly $1.0–1.2B band, while total liabilities have tracked near $2.0B and total assets near $3.0B in mid-2025, indicating a moderate leverage profile and stable capital base.
Long-term debt rose over the period to roughly the low- to mid-$1.3B range by 2025 Q3, signaling rising leverage that investors may want monitored alongside cash flow.
Inventories remained sizable (centering around the $0.6B mark in 2025), which can indicate elevated working capital needs and potential obsolescence risk if demand slows.
Cash flow from financing activities fluctuated, with periods of net cash used for financing (e.g., Q4 2025 net cash from financing activities around -$55.5M), reflecting debt repayments and shareholder returns that outpaced new debt issuances in some quarters.

Bottom line: PATK has demonstrated solid profitability and meaningful cash generation, with dividend growth signaling active capital return to shareholders. However, rising debt levels, higher working-capital demands from larger inventories, and fluctuating financing activity are notable areas to watch going forward.

05/14/26 09:52 PM ETAI Generated. May Contain Errors.

Patrick Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Patrick Industries' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Patrick Industries' net income appears to be on an upward trend, with a most recent value of $135.06 million in 2025, rising from $42.22 million in 2015. The previous period was $138.40 million in 2024. Check out Patrick Industries' forecast to explore projected trends and price targets.

Patrick Industries' total operating income in 2025 was $275.99 million, based on the following breakdown:

Total Gross Profit: $912.86 million
Total Operating Expenses: $636.87 million

Over the last 10 years, Patrick Industries' total revenue changed from $920.33 million in 2015 to $3.95 billion in 2025, a change of 329.3%.

Patrick Industries' total liabilities were at $1.89 billion at the end of 2025, a 0.0% decrease from 2024, and a 647.8% increase since 2015.

In the past 10 years, Patrick Industries' cash and equivalents has ranged from $87 thousand in 2015 to $139.39 million in 2019, and is currently $26.43 million as of their latest financial filing in 2025.

Over the last 10 years, Patrick Industries' book value per share changed from 8.27 in 2015 to 35.59 in 2025, a change of 330.4%.

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Financial statements for NASDAQ:PATK last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Patrick Industries (PATK) Financials

Financials Breakdown Chart

Key Financial Trends

Patrick Industries Financials - Frequently Asked Questions

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Patrick Industries (PATK) Financials

Annual Income Statements for Patrick Industries

Quarterly Income Statements for Patrick Industries

Annual Cash Flow Statements for Patrick Industries

Quarterly Cash Flow Statements for Patrick Industries

Annual Balance Sheets for Patrick Industries

Quarterly Balance Sheets for Patrick Industries

Annual Metrics And Ratios for Patrick Industries

Quarterly Metrics And Ratios for Patrick Industries

Financials Breakdown Chart

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Patrick Industries Financials - Frequently Asked Questions

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How has Patrick Industries' book value per share changed over the last 10 years?

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