Patrick Industries, Inc. (PATK) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 997.17M | 924.17M | 975.63M | 1.05B | 1B | 846.12M | 919.44M | 1.02B | 933.49M | 781.19M | 866.07M | 920.68M | 900.1M | 951.91M | 1.11B | 1.48B | 1.34B | 1.15B | 1.06B | 1.02B |
| Revenue Growth % | -0.62% | 9.22% | 6.11% | 3.04% | 7.49% | 8.31% | 6.16% | 10.42% | 3.71% | -17.94% | -22.12% | -37.61% | -32.94% | -17.04% | 4.9% | 44.68% | 57.81% | 48.52% | 51.3% | 140.53% |
| Cost of Goods Sold | 794.32M | 711.5M | 754.67M | 796.92M | 774.83M | 658.9M | 706.93M | 785.33M | 728.64M | 602.28M | 666.95M | 710.72M | 705.86M | 750.88M | 894.41M | 1.15B | 1.05B | 920.46M | 852.02M | 815.48M |
| COGS % of Revenue | 79.66% | 76.99% | 77.35% | 76.07% | 77.22% | 77.87% | 76.89% | 77.25% | 78.05% | 77.1% | 77.01% | 77.19% | 78.42% | 78.88% | 80.43% | 77.83% | 78% | 80.22% | 80.37% | 79.95% |
| Gross Profit | 202.85M | 212.67M | 220.96M | 250.63M | 228.59M | 187.23M | 212.51M | 231.29M | 204.85M | 178.9M | 199.12M | 209.97M | 194.24M | 201.04M | 217.68M | 327.1M | 295.35M | 227.02M | 208.16M | 204.48M |
| Gross Margin % | 20.34% | 23.01% | 22.65% | 23.93% | 22.78% | 22.13% | 23.11% | 22.75% | 21.95% | 22.9% | 22.99% | 22.81% | 21.58% | 21.12% | 19.57% | 22.17% | 22% | 19.78% | 19.63% | 20.05% |
| Gross Profit Growth % | -11.26% | 13.59% | 3.98% | 8.36% | 11.59% | 4.65% | 6.73% | 10.16% | 5.46% | -11.01% | -8.53% | -35.81% | -34.23% | -11.45% | 4.57% | 59.97% | 82.84% | 59.52% | 55.93% | 177.37% |
| Operating Expenses | 138.13M | 155.27M | 154.67M | 163.91M | 163.02M | 147.63M | 138.1M | 146.6M | 145.51M | 121.59M | 128.04M | 134.39M | 138.01M | 133.41M | 124.92M | 153.08M | 133.59M | 132.33M | 114.89M | 109.21M |
| OpEx % of Revenue | 13.85% | 16.8% | 15.85% | 15.65% | 16.25% | 17.45% | 15.02% | 14.42% | 15.59% | 15.56% | 14.78% | 14.6% | 15.33% | 14.02% | 11.23% | 10.37% | 9.95% | 11.53% | 10.84% | 10.71% |
| Selling, General & Admin | 138.13M | 131.29M | 130.47M | 139.28M | 138.51M | 122.91M | 113.65M | 122.33M | 122.69M | 101.98M | 108.54M | 114.57M | 118.25M | 114.36M | 124.92M | 134.53M | 116.73M | 116.7M | 100.13M | 95.18M |
| SG&A % of Revenue | 13.85% | 14.21% | 13.37% | 13.3% | 13.8% | 14.53% | 12.36% | 12.03% | 13.14% | 13.06% | 12.53% | 12.44% | 13.14% | 12.01% | 11.23% | 9.12% | 8.7% | 10.17% | 9.44% | 9.33% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 64.72M | 57.41M | 66.29M | 86.72M | 65.57M | 39.59M | 74.42M | 84.69M | 59.34M | 57.32M | 71.08M | 75.58M | 56.23M | 67.63M | 92.76M | 174.03M | 161.75M | 94.69M | 93.27M | 95.27M |
| Operating Margin % | 6.49% | 6.21% | 6.79% | 8.28% | 6.53% | 4.68% | 8.09% | 8.33% | 6.36% | 7.34% | 8.21% | 8.21% | 6.25% | 7.1% | 8.34% | 11.79% | 12.05% | 8.25% | 8.8% | 9.34% |
| Operating Income Growth % | -1.29% | 44.99% | -10.92% | 2.4% | 10.49% | -30.92% | 4.7% | 12.06% | 5.53% | -15.25% | -23.38% | -56.57% | -65.24% | -28.58% | -0.55% | 82.67% | 136.2% | 52.34% | 55.9% | 686.93% |
| EBITDA | 107.5M | 100.39M | 108.26M | 129.33M | 108.22M | 82.14M | 116.6M | 126.17M | 99.68M | 93.88M | 107.56M | 111.56M | 91.74M | 102.13M | 126.04M | 206.8M | 191.96M | 123.2M | 120.86M | 121.46M |
| EBITDA Margin % | 10.78% | 10.86% | 11.1% | 12.35% | 10.78% | 9.71% | 12.68% | 12.41% | 10.68% | 12.02% | 12.42% | 12.12% | 10.19% | 10.73% | 11.33% | 14.01% | 14.3% | 10.74% | 11.4% | 11.91% |
| EBITDA Growth % | -0.66% | 22.23% | -7.16% | 2.51% | 8.57% | -12.51% | 8.41% | 13.1% | 8.65% | -8.07% | -14.66% | -46.06% | -52.21% | -17.11% | 4.29% | 70.26% | 110.94% | 49.38% | 54.76% | 310.06% |
| D&A (Non-Cash Add-back) | 42.78M | 42.99M | 41.97M | 42.61M | 42.65M | 42.54M | 42.19M | 41.48M | 40.34M | 36.57M | 36.48M | 35.98M | 35.51M | 34.5M | 33.28M | 32.77M | 30.2M | 28.51M | 27.58M | 26.19M |
| EBIT | 64.72M | 57.41M | 66.29M | 62.3M | 65.57M | 39.59M | 74.42M | 84.69M | 59.34M | 57.32M | 71.08M | 75.58M | 56.23M | 67.63M | 92.76M | 174.03M | 161.75M | 94.69M | 93.27M | 95.27M |
| Net Interest Income | -18.39M | -18.07M | -18.45M | -18.87M | -19.11M | -18.99M | -20.05M | -20.34M | -20.09M | -15.32M | -16.88M | -18.26M | -18.48M | -15.77M | -15.3M | -14.8M | -14.89M | -16.7M | -15.44M | -14.58M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 18.39M | 18.07M | 18.45M | 18.87M | 19.11M | 18.99M | 20.05M | 20.34M | 20.09M | 15.32M | 16.88M | 18.26M | 18.48M | 15.77M | 15.3M | 14.8M | 14.89M | 16.7M | 15.44M | 14.58M |
| Other Income/Expense | -18.39M | -18.07M | -18.45M | -43.29M | -19.11M | -18.99M | -20.05M | -20.34M | -20.09M | -15.32M | -16.88M | -18.26M | -18.48M | -15.77M | -15.3M | -14.8M | -14.89M | -16.7M | -15.44M | -14.58M |
| Pretax Income | 46.33M | 39.33M | 47.84M | 43.43M | 46.46M | 20.61M | 54.37M | 64.35M | 39.25M | 42M | 54.2M | 57.31M | 37.75M | 51.86M | 77.46M | 159.22M | 146.87M | 78M | 77.84M | 80.69M |
| Pretax Margin % | 4.65% | 4.26% | 4.9% | 4.15% | 4.63% | 2.44% | 5.91% | 6.33% | 4.2% | 5.38% | 6.26% | 6.23% | 4.19% | 5.45% | 6.97% | 10.79% | 10.94% | 6.8% | 7.34% | 7.91% |
| Income Tax | 6.85M | 10.25M | 12.54M | 11M | 8.22M | 6.05M | 13.5M | 16.46M | 4.16M | 11.18M | 14.65M | 14.96M | 7.58M | 11.68M | 18.64M | 42.7M | 34.2M | 16.98M | 20.44M | 21.7M |
| Effective Tax Rate % | 14.79% | 26.06% | 26.21% | 25.32% | 17.69% | 29.35% | 24.83% | 25.58% | 10.6% | 26.62% | 27.02% | 26.1% | 20.07% | 22.52% | 24.06% | 26.82% | 23.28% | 21.77% | 26.26% | 26.9% |
| Net Income | 39.48M | 29.08M | 35.3M | 32.44M | 38.24M | 14.56M | 40.87M | 47.88M | 35.09M | 30.82M | 39.55M | 42.36M | 30.17M | 40.18M | 58.82M | 116.52M | 112.67M | 61.02M | 57.4M | 58.98M |
| Net Margin % | 3.96% | 3.15% | 3.62% | 3.1% | 3.81% | 1.72% | 4.44% | 4.71% | 3.76% | 3.94% | 4.57% | 4.6% | 3.35% | 4.22% | 5.29% | 7.9% | 8.39% | 5.32% | 5.41% | 5.78% |
| Net Income Growth % | 3.25% | 99.75% | -13.61% | -32.26% | 8.96% | -52.76% | 3.33% | 13.05% | 16.31% | -23.3% | -32.76% | -63.65% | -73.22% | -34.15% | 2.48% | 97.55% | 137.14% | 61.33% | 53.73% | 8161.2% |
| Net Income (Continuing) | 39.48M | 29.08M | 35.3M | 32.44M | 38.24M | 14.56M | 40.87M | 47.88M | 35.09M | 30.82M | 39.55M | 42.36M | 30.17M | 40.18M | 58.82M | 116.52M | 112.67M | 61.02M | 57.4M | 58.98M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.10 | 0.83 | 1.01 | 0.96 | 1.11 | 0.42 | 1.20 | 1.44 | 1.06 | 1.41 | 1.81 | 1.94 | 1.34 | 1.68 | 2.41 | 4.79 | 4.53 | 2.62 | 2.45 | 2.52 |
| EPS Growth % | -0.9% | 97.62% | -15.83% | -33.33% | 4.72% | -70.21% | -33.7% | -25.77% | -20.9% | -16.07% | -24.9% | -59.5% | -70.42% | -35.88% | -1.63% | 90.08% | 122.06% | 59.76% | 51.23% | 8300% |
| EPS (Basic) | 1.22 | 0.90 | 1.09 | 1.00 | 1.17 | 0.45 | 1.25 | 1.47 | 1.08 | 1.44 | 1.84 | 1.97 | 1.40 | 1.85 | 2.66 | 5.24 | 4.54 | 2.69 | 2.52 | 2.57 |
| Diluted Shares Outstanding | 36.05M | 35.21M | 34.44M | 34.12M | 34.42M | 34.45M | 33.96M | 22.17M | 22.08M | 21.91M | 21.88M | 21.79M | 22.51M | 24.19M | 24.41M | 24.44M | 24.88M | 23.3M | 23.4M | 23.43M |
| Basic Shares Outstanding | 32.49M | 32.39M | 32.52M | 32.59M | 32.67M | 32.6M | 21.74M | 21.72M | 22.07M | 21.91M | 21.51M | 21.52M | 21.59M | 21.77M | 22.09M | 22.23M | 24.81M | 22.65M | 22.79M | 22.95M |
| Dividend Payout Ratio | - | 52.62% | 36.89% | 40.35% | 36.25% | 90.09% | 29.42% | 25.13% | 37.08% | 38.55% | 24.66% | 23.01% | 35.66% | 24.54% | 12.48% | 6.33% | 7.36% | 12.35% | 11.2% | 11% |