NASDAQ · Financial Statements

Patrick Industries, Inc. (PATK) Financial Statements

$68.86 NASDAQ: PATK Market Cap $2.21B

Patrick Industries, Inc. most recently reported annual revenue of $4.0B, net profit of $135.0M. Revenue grew at an average annual rate of 9.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Patrick Industries, Inc.: Revenue rose from $1.2B in 2016 to $4.0B in 2025, a change of +223.3% over 9 years; net profit was positive in all 10 reported years; operating margin was broadly flat at about 7.0%; the most recent year shows net profit of $135.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.2B$1.6B$2.3B$2.3B$2.5B$4.1B$4.9B$3.5B$3.7B$4.0B
Operating Expenses$1.1B$1.5B$2.1B$2.2B$2.3B$3.7B$4.4B$3.2B$3.5B$3.7B
Operating Profit$91.0M$122.0M$178.0M$154.0M$173.0M$352.0M$496.0M$260.0M$258.0M$276.0M
Operating Margin7.4%7.5%7.9%6.6%7.0%8.6%10.2%7.5%6.9%7.0%
Other Income$-7.0M$-9.0M$-26.0M$-37.0M$-43.0M$-58.0M$-61.0M$-69.0M$-79.0M$-99.0M
Interest$7.0M$9.0M$26.0M$37.0M$43.0M$58.0M$61.0M$69.0M$79.0M$75.0M
Depreciation$24.0M$34.0M$55.0M$63.0M$73.0M$105.0M$131.0M$145.0M$167.0M$170.0M
Profit Before Tax$84.0M$113.0M$152.0M$118.0M$130.0M$294.0M$435.0M$191.0M$179.0M$177.0M
Tax$33.6M$24.2M$21.1M$24.0M$25.6M$23.4M$24.6M$25.3M$22.5M$23.7M
Net Profit$56.0M$86.0M$120.0M$90.0M$97.0M$225.0M$328.0M$143.0M$138.0M$135.0M
EPS$2.43$3.48$4.93$3.85$4.20$9.63$13.50$6.50$4.11$3.90
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$866.0M$781.0M$933.0M$1.0B$919.0M$846.0M$1.0B$1.0B$976.0M$924.0M$997.0M$1.0B
Operating Expenses$795.0M$724.0M$874.0M$932.0M$845.0M$807.0M$938.0M$961.0M$909.0M$867.0M$932.0M$965.0M
Operating Profit$71.0M$57.0M$59.0M$85.0M$74.0M$40.0M$66.0M$87.0M$66.0M$57.0M$65.0M$77.0M
Operating Margin8.2%7.3%6.4%8.3%8.1%4.7%6.5%8.3%6.8%6.2%6.5%7.4%
Interest$17.0M$15.0M$20.0M$20.0M$20.0M$19.0M$19.0M$19.0M$18.0M$18.0M$18.0M$19.0M
Profit Before Tax$54.0M$42.0M$39.0M$64.0M$54.0M$21.0M$46.0M$43.0M$48.0M$39.0M$46.0M$58.0M
Tax$27.0M$26.6M$10.6M$25.6M$24.8M$29.4M$17.7M$25.3M$26.2M$26.1M$14.8M$25.2M
Net Profit$40.0M$31.0M$35.0M$48.0M$41.0M$15.0M$38.0M$32.0M$35.0M$29.0M$39.0M$43.0M
EPS$1.81$1.41$1.06$1.44$1.20$0.42$1.11$0.96$1.01$0.83$1.10$1.27

Over the 10 years reported for Patrick Industries, Inc., borrowings increased from $273.0M in 2016 to $1.6B in 2025, cash stood at $26.0M in the latest year, shareholders' equity was $208.0M, current assets covered current liabilities 2.51 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$535.0M$867.0M$1.2B$1.5B$1.8B$2.7B$2.8B$2.7B$3.0B$3.1B
Current Assets$173.0M$274.0M$385.0M$517.0M$528.0M$974.0M$910.0M$735.0M$823.0M$873.0M
Cash$6.0M$3.0M$7.0M$139.0M$45.0M$123.0M$23.0M$11.0M$34.0M$26.0M
Inventory$120.0M$175.0M$273.0M$254.0M$313.0M$614.0M$668.0M$510.0M$552.0M$595.0M
Receivables$38.0M$78.0M$93.0M$88.0M$139.0M$181.0M$185.0M$173.0M$188.0M$185.0M
Fixed Assets$85.0M$118.0M$177.0M$274.0M$369.0M$478.0M$514.0M$531.0M$586.0M$608.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$1.0M$0$0$0$0$0$0
Other Assets$110.0M$208.0M$282.0M$319.0M$396.0M$551.0M$629.0M$637.0M$797.0M$840.0M
Total Liabilities$350.0M$496.0M$822.0M$974.0M$1.2B$1.9B$1.8B$1.6B$1.9B$1.9B
Current Liabilities$86.0M$136.0M$158.0M$187.0M$227.0M$433.0M$367.0M$308.0M$354.0M$348.0M
Borrowings$273.0M$354.0M$631.0M$775.0M$937.0M$1.4B$1.4B$1.2B$1.5B$1.6B
Other Liabilities$77.0M$142.0M$192.0M$198.0M$257.0M$436.0M$377.0M$422.0M$370.0M$250.0M
Equity$64.0M$163.0M$161.0M$173.0M$181.0M$196.0M$197.0M$203.0M$202.0M$208.0M
Reserves$185.0M$371.0M$409.0M$497.0M$559.0M$768.0M$955.0M$1.0B$1.1B$1.2B

For Patrick Industries, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $242.0M; free cash flow was positive in 10 of 10 years; financing activities used $44.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$97.0M$100.0M$200.0M$192.0M$160.0M$252.0M$412.0M$409.0M$327.0M$329.0M
Investing Cash Flow$-169.0M$-296.0M$-406.0M$-107.0M$-370.0M$-640.0M$-402.0M$-146.0M$-589.0M$-294.0M
Financing Cash Flow$-4.0M$93.0M$-129.0M$-19.0M$-25.0M$-93.0M$-95.0M$-31.0M$-36.0M$-44.0M
Net Cash Flow$6.0M$-4.0M$4.0M$132.0M$-95.0M$78.0M$-100.0M$-11.0M$22.0M$-7.0M
Free Cash Flow$82.0M$77.0M$166.0M$165.0M$128.0M$187.0M$332.0M$350.0M$251.0M$242.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.83
EV / EBITDA8.79
FCF Yield5.79%
Quick Ratio0.96
Interest Coverage3.59
Return 1Y-11.42%
Return 3Y65.59%
Return 5Y83.48%

Patrick Industries, Inc. (PATK) financials — frequently asked questions

What is Patrick Industries, Inc.'s annual revenue?

Patrick Industries, Inc. (PATK) reported annual revenue of $4.0B in its most recent fiscal year.

What is Patrick Industries, Inc.'s net profit?

Patrick Industries, Inc. (PATK) reported net profit of $135.0M in its most recent fiscal year.

What is PATK EV/EBITDA?

Patrick Industries, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 8.79.

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