Patrick Inds Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Patrick Inds Inc has an operating margin of 6.9%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 35/100, indicating healthy but not exceptional operating efficiency. This is down from 7.5% the prior year.
Patrick Inds Inc's revenue grew 7.1% year-over-year to $3.7B, a solid pace of expansion. This earns a growth score of 49/100.
Patrick Inds Inc carries a low D/E ratio of 1.16, meaning only $1.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.33, Patrick Inds Inc holds $2.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 73/100.
Patrick Inds Inc has a free cash flow margin of 6.8%, earning a moderate score of 34/100. The company generates positive cash flow after capital investments, but with room for improvement.
Patrick Inds Inc's ROE of 12.3% shows moderate profitability relative to equity, earning a score of 49/100. This is down from 13.7% the prior year.
Patrick Inds Inc scores 3.64, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Patrick Inds Inc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Patrick Inds Inc generates $2.36 in operating cash flow ($326.8M OCF vs $138.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Patrick Inds Inc (PATK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Patrick Inds Inc generated $3.7B in revenue in fiscal year 2024. This represents an increase of 7.1% from the prior year.
Patrick Inds Inc's EBITDA was $424.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.9% from the prior year.
Patrick Inds Inc generated $251.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 28.2% from the prior year.
Patrick Inds Inc reported $138.4M in net income in fiscal year 2024. This represents a decrease of 3.1% from the prior year.
Patrick Inds Inc earned $4.11 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 5.1% from the prior year.
Patrick Inds Inc held $33.6M in cash against $1.3B in long-term debt as of fiscal year 2024.
Patrick Inds Inc had 34M shares outstanding in fiscal year 2024. This represents an increase of 1.2% from the prior year.
Patrick Inds Inc's gross margin was 22.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Patrick Inds Inc's operating margin was 6.9% in fiscal year 2024, reflecting core business profitability. This is down 0.6 percentage points from the prior year.
Patrick Inds Inc's net profit margin was 3.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.4 percentage points from the prior year.
Patrick Inds Inc's ROE was 12.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the prior year.
Patrick Inds Inc spent $4.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 75.2% from the prior year.
Patrick Inds Inc invested $75.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 28.3% from the prior year.
PATK Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $975.6M-6.9% | $1.0B+4.4% | $1.0B+18.6% | $846.1M-16.8% | $1.0B+8.9% | $933.5M+19.5% | $781.2M-9.8% | $866.1M |
| Cost of Revenue | $754.7M-5.3% | $796.9M+2.9% | $774.8M+17.6% | $658.9M-16.1% | $785.3M+7.8% | $728.6M+21.0% | $602.3M-9.7% | $667.0M |
| Gross Profit | $221.0M-11.8% | $250.6M+9.6% | $228.6M+22.1% | $187.2M-19.1% | $231.3M+12.9% | $204.9M+14.5% | $178.9M-10.2% | $199.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $86.0M-7.7% | $93.2M-0.8% | $93.9M+15.8% | $81.1M-2.9% | $83.6M-1.9% | $85.2M+26.1% | $67.6M-4.6% | $70.9M |
| Operating Income | $66.3M-23.6% | $86.7M+32.3% | $65.6M+65.6% | $39.6M-53.3% | $84.7M+42.7% | $59.3M+3.5% | $57.3M-19.4% | $71.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $12.5M+14.0% | $11.0M+33.8% | $8.2M+35.9% | $6.0M-63.3% | $16.5M+295.8% | $4.2M-62.8% | $11.2M-23.7% | $14.6M |
| Net Income | $35.3M+8.8% | $32.4M-15.2% | $38.2M+162.7% | $14.6M-69.6% | $47.9M+36.4% | $35.1M+13.9% | $30.8M-22.1% | $39.5M |
| EPS (Diluted) | $1.01+5.2% | $0.96-13.5% | $1.11+170.7% | $0.41-71.5% | $1.44+35.8% | $1.06+237.7% | $-0.77-142.5% | $1.81 |
PATK Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.1B+2.2% | $3.1B-3.4% | $3.2B+5.5% | $3.0B+0.6% | $3.0B-1.0% | $3.0B+18.4% | $2.6B-3.5% | $2.7B |
| Current Assets | $951.9M+5.8% | $900.0M-7.8% | $975.7M+18.6% | $822.6M-3.7% | $853.9M-0.6% | $859.4M+17.0% | $734.6M-9.4% | $811.3M |
| Cash & Equivalents | $20.7M-5.8% | $22.0M-74.6% | $86.6M+157.9% | $33.6M-23.7% | $44.0M+149.6% | $17.6M+54.4% | $11.4M-30.6% | $16.4M |
| Inventory | $599.7M+8.1% | $554.6M+0.1% | $553.9M+0.4% | $551.6M+9.4% | $504.4M-2.0% | $514.5M+0.9% | $510.1M-1.5% | $517.7M |
| Accounts Receivable | $278.4M+3.0% | $270.1M-6.5% | $289.1M+62.2% | $178.2M-29.3% | $252.1M-9.4% | $278.3M+69.9% | $163.8M-32.0% | $240.8M |
| Goodwill | $815.1M+1.7% | $801.8M0.0% | $801.9M+0.6% | $797.2M+5.1% | $758.3M+0.3% | $755.7M+18.6% | $637.4M0.0% | $637.4M |
| Total Liabilities | $2.0B+2.2% | $1.9B-5.3% | $2.0B+8.1% | $1.9B-0.7% | $1.9B-3.5% | $2.0B+30.1% | $1.5B-6.6% | $1.6B |
| Current Liabilities | $407.6M-11.5% | $460.3M+13.7% | $404.8M+14.5% | $353.6M-5.4% | $373.7M+3.6% | $360.5M+16.9% | $308.5M-8.1% | $335.8M |
| Long-Term Debt | $1.3B+4.3% | $1.3B-11.0% | $1.4B+8.4% | $1.3B+0.1% | $1.3B-5.8% | $1.4B+36.7% | $1.0B-7.8% | $1.1B |
| Total Equity | $1.2B+2.2% | $1.1B+0.2% | $1.1B+1.1% | $1.1B+2.7% | $1.1B+3.8% | $1.1B+1.3% | $1.0B+1.4% | $1.0B |
| Retained Earnings | $963.1M+2.3% | $941.3M-0.3% | $943.8M+1.8% | $926.9M+2.8% | $901.4M+4.1% | $865.6M+2.7% | $843.1M+1.5% | $830.4M |
PATK Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.1M-93.9% | $149.4M+272.8% | $40.1M-61.0% | $102.7M-25.3% | $137.5M+290.8% | $35.2M-69.4% | $114.8M-0.6% | $115.5M |
| Capital Expenditures | $26.3M+43.9% | $18.3M-9.4% | $20.2M-20.6% | $25.4M+50.3% | $16.9M+9.2% | $15.5M+34.1% | $11.6M+5.6% | $10.9M |
| Free Cash Flow | -$17.2M-113.1% | $131.1M+558.7% | $19.9M-74.2% | $77.2M-35.9% | $120.6M+512.6% | $19.7M-80.9% | $103.3M-1.2% | $104.5M |
| Investing Cash Flow | -$50.3M-144.9% | -$20.5M+68.9% | -$66.1M-140.8% | -$27.4M-70.6% | -$16.1M+95.7% | -$370.7M-3245.3% | -$11.1M-11.8% | -$9.9M |
| Financing Cash Flow | $39.9M+120.6% | -$193.4M-344.8% | $79.0M+183.8% | -$94.2M+0.8% | -$95.0M-127.8% | $341.7M+414.1% | -$108.8M+11.6% | -$123.0M |
| Dividends Paid | $13.5M+2.3% | $13.2M-5.0% | $13.9M+5.7% | $13.1M+8.2% | $12.1M-6.8% | $13.0M+9.5% | $11.9M+18.6% | $10.0M |
| Share Buybacks | $0-100.0% | $23.5M+175.6% | $8.5M+82.6% | $4.7M | $0 | $0-100.0% | $6.6M+1348.9% | $454K |
PATK Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.7%-1.3pp | 23.9%+1.2pp | 22.8%+0.7pp | 22.1%-0.6pp | 22.8%+0.8pp | 21.9%-1.0pp | 22.9%-0.1pp | 23.0% |
| Operating Margin | 6.8%-1.5pp | 8.3%+1.8pp | 6.5%+1.8pp | 4.7%-3.6pp | 8.3%+2.0pp | 6.4%-1.0pp | 7.3%-0.9pp | 8.2% |
| Net Margin | 3.6%+0.5pp | 3.1%-0.7pp | 3.8%+2.1pp | 1.7%-3.0pp | 4.7%+1.0pp | 3.8%-0.2pp | 3.9%-0.6pp | 4.6% |
| Return on Equity | 3.0%+0.2pp | 2.8%-0.5pp | 3.4%+2.1pp | 1.3%-3.1pp | 4.4%+1.0pp | 3.3%+0.4pp | 2.9%-0.9pp | 3.8% |
| Return on Assets | 1.1%+0.1pp | 1.1%-0.1pp | 1.2%+0.7pp | 0.5%-1.1pp | 1.6%+0.4pp | 1.2%-0.0pp | 1.2%-0.3pp | 1.5% |
| Current Ratio | 2.34+0.4 | 1.96-0.5 | 2.41+0.1 | 2.33+0.0 | 2.29-0.1 | 2.380.0 | 2.38-0.0 | 2.42 |
| Debt-to-Equity | 1.13+0.0 | 1.11-0.1 | 1.25+0.1 | 1.16-0.0 | 1.19-0.1 | 1.32+0.3 | 0.97-0.1 | 1.07 |
| FCF Margin | -1.8%-14.3pp | 12.5%+10.5pp | 2.0%-7.2pp | 9.1%-2.7pp | 11.9%+9.8pp | 2.1%-11.1pp | 13.2%+1.2pp | 12.1% |
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Frequently Asked Questions
What is Patrick Inds Inc's annual revenue?
Patrick Inds Inc (PATK) reported $3.7B in total revenue for fiscal year 2024. This represents a 7.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Patrick Inds Inc's revenue growing?
Patrick Inds Inc (PATK) revenue grew by 7.1% year-over-year, from $3.5B to $3.7B in fiscal year 2024.
Is Patrick Inds Inc profitable?
Yes, Patrick Inds Inc (PATK) reported a net income of $138.4M in fiscal year 2024, with a net profit margin of 3.7%.
What is Patrick Inds Inc's earnings per share (EPS)?
Patrick Inds Inc (PATK) reported diluted earnings per share of $4.11 for fiscal year 2024. This represents a -5.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Patrick Inds Inc's EBITDA?
Patrick Inds Inc (PATK) had EBITDA of $424.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Patrick Inds Inc have?
As of fiscal year 2024, Patrick Inds Inc (PATK) had $33.6M in cash and equivalents against $1.3B in long-term debt.
What is Patrick Inds Inc's gross margin?
Patrick Inds Inc (PATK) had a gross margin of 22.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Patrick Inds Inc's operating margin?
Patrick Inds Inc (PATK) had an operating margin of 6.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Patrick Inds Inc's net profit margin?
Patrick Inds Inc (PATK) had a net profit margin of 3.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Patrick Inds Inc's return on equity (ROE)?
Patrick Inds Inc (PATK) has a return on equity of 12.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Patrick Inds Inc's free cash flow?
Patrick Inds Inc (PATK) generated $251.2M in free cash flow during fiscal year 2024. This represents a -28.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Patrick Inds Inc's operating cash flow?
Patrick Inds Inc (PATK) generated $326.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Patrick Inds Inc's total assets?
Patrick Inds Inc (PATK) had $3.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Patrick Inds Inc's capital expenditures?
Patrick Inds Inc (PATK) invested $75.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Patrick Inds Inc buy back shares?
Yes, Patrick Inds Inc (PATK) spent $4.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Patrick Inds Inc have outstanding?
Patrick Inds Inc (PATK) had 34M shares outstanding as of fiscal year 2024.
What is Patrick Inds Inc's current ratio?
Patrick Inds Inc (PATK) had a current ratio of 2.33 as of fiscal year 2024, which is generally considered healthy.
What is Patrick Inds Inc's debt-to-equity ratio?
Patrick Inds Inc (PATK) had a debt-to-equity ratio of 1.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Patrick Inds Inc's return on assets (ROA)?
Patrick Inds Inc (PATK) had a return on assets of 4.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Patrick Inds Inc's Altman Z-Score?
Patrick Inds Inc (PATK) has an Altman Z-Score of 3.64, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Patrick Inds Inc's Piotroski F-Score?
Patrick Inds Inc (PATK) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Patrick Inds Inc's earnings high quality?
Patrick Inds Inc (PATK) has an earnings quality ratio of 2.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Patrick Inds Inc?
Patrick Inds Inc (PATK) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.