Park National Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Park National's revenue grew 14.4% year-over-year to $645.6M, a solid pace of expansion. This earns a growth score of 70/100.
Park National has elevated debt relative to equity (D/E of 6.88), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Park National converts 26.3% of revenue into free cash flow ($169.7M). This strong cash generation earns a score of 100/100.
Park National's ROE of 12.2% shows moderate profitability relative to equity, earning a score of 49/100. This is up from 11.1% the prior year.
Park National passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Park National generates $1.18 in operating cash flow ($178.8M OCF vs $151.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Park National (PRK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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
Park National generated $645.6M in revenue in fiscal year 2024. This represents an increase of 14.4% from the prior year.
Park National generated $169.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 18.2% from the prior year.
Park National reported $151.4M in net income in fiscal year 2024. This represents an increase of 19.5% from the prior year.
Park National earned $9.32 per diluted share (EPS) in fiscal year 2024. This represents an increase of 19.5% from the prior year.
Park National held $160.6M in cash against $0 in long-term debt as of fiscal year 2024.
Park National paid $4.74 per share in dividends in fiscal year 2024. This represents an increase of 12.9% from the prior year.
Park National's net profit margin was 23.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.
Park National's ROE was 12.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.
Park National spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Park National invested $9.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 21.0% from the prior year.
PRK Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $169.5M+0.5% | $168.7M+6.8% | $157.9M-4.1% | $164.7M+4.4% | $157.7M+3.2% | $152.8M-29.8% | $217.8M+80.2% | $120.9M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $27.9M+1.6% | $27.5M-1.1% | $27.8M-7.8% | $30.2M-2.9% | $31.1M+0.2% | $31.0M+2.9% | $30.1M+13.2% | $26.6M |
| Income Tax | $10.9M-2.6% | $11.2M+24.1% | $9.0M+3.9% | $8.7M-2.9% | $9.0M+24.3% | $7.2M+37.6% | $5.2M-40.7% | $8.8M |
| Net Income | $47.2M-2.0% | $48.1M+14.1% | $42.2M+9.1% | $38.6M-1.9% | $39.4M+11.8% | $35.2M+43.7% | $24.5M-33.6% | $36.9M |
| EPS (Diluted) | $2.92-1.7% | $2.97+14.2% | $2.60+9.2% | $2.38-1.7% | $2.42+11.5% | $2.17+43.7% | $1.51-33.8% | $2.28 |
PRK Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.9B-0.9% | $9.9B+0.6% | $9.9B+0.8% | $9.8B-1.2% | $9.9B+0.4% | $9.9B+0.5% | $9.8B-1.6% | $10.0B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $218.9M+13.4% | $193.1M-18.7% | $237.6M+48.0% | $160.6M-38.6% | $261.5M-14.6% | $306.1M+40.2% | $218.3M-2.4% | $223.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $159.6M0.0% | $159.6M0.0% | $159.6M0.0% | $159.6M0.0% | $159.6M0.0% | $159.6M0.0% | $159.6M0.0% | $159.6M |
| Total Liabilities | $8.5B-1.4% | $8.7B+0.6% | $8.6B+0.5% | $8.6B-2.0% | $8.7B+0.2% | $8.7B+0.3% | $8.7B-2.5% | $8.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.3B+2.9% | $1.3B+1.2% | $1.3B+2.8% | $1.2B+5.1% | $1.2B+1.8% | $1.2B+1.5% | $1.1B+5.5% | $1.1B |
| Retained Earnings | $1.1B+2.9% | $1.0B+3.1% | $1.0B+2.5% | $977.6M+3.7% | $943.1M+2.4% | $921.1M+1.9% | $903.9M+0.8% | $896.6M |
PRK Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $52.6M+5.8% | $49.7M+31.2% | $37.9M-23.1% | $49.2M-3.2% | $50.9M+45.3% | $35.0M-34.9% | $53.8M+35.4% | $39.7M |
| Capital Expenditures | $1.5M+14.1% | $1.3M+22.2% | $1.1M-48.5% | $2.1M+12.3% | $1.9M-40.7% | $3.1M+81.5% | $1.7M-4.4% | $1.8M |
| Free Cash Flow | $51.1M+5.6% | $48.4M+31.5% | $36.8M-22.0% | $47.1M-3.8% | $49.0M+53.8% | $31.9M-38.8% | $52.0M+37.3% | $37.9M |
| Investing Cash Flow | $105.8M+198.9% | -$107.0M-1072.9% | $11.0M-66.7% | $33.0M+145.3% | -$72.9M-327.3% | $32.1M-82.6% | $184.6M+255.1% | -$119.0M |
| Financing Cash Flow | -$132.6M-1137.2% | $12.8M-54.7% | $28.2M+122.9% | -$123.4M-445.5% | -$22.6M-209.0% | $20.8M+108.5% | -$243.7M-435.9% | $72.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | N/A | N/A | $0 | $0 | $0 | $0-100.0% | $5.2M |
PRK Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 27.8%-0.7pp | 28.5%+1.8pp | 26.7%+3.2pp | 23.5%-1.5pp | 25.0%+1.9pp | 23.0%+11.8pp | 11.3%-19.3pp | 30.5% |
| Return on Equity | 3.5%-0.2pp | 3.7%+0.4pp | 3.3%+0.2pp | 3.1%-0.2pp | 3.3%+0.3pp | 3.0%+0.9pp | 2.1%-1.3pp | 3.4% |
| Return on Assets | 0.5%0.0pp | 0.5%+0.0pp | 0.4%+0.0pp | 0.4%-0.0pp | 0.4%+0.0pp | 0.4%+0.1pp | 0.3%-0.1pp | 0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 6.41-0.3 | 6.69-0.0 | 6.73-0.2 | 6.88-0.5 | 7.38-0.1 | 7.50-0.1 | 7.59-0.6 | 8.21 |
| FCF Margin | 30.1%+1.5pp | 28.7%+5.4pp | 23.3%-5.3pp | 28.6%-2.4pp | 31.1%+10.2pp | 20.8%-3.0pp | 23.9%-7.5pp | 31.3% |
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Frequently Asked Questions
What is Park National's annual revenue?
Park National (PRK) reported $645.6M in total revenue for fiscal year 2024. This represents a 14.4% 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 Park National's revenue growing?
Park National (PRK) revenue grew by 14.4% year-over-year, from $564.3M to $645.6M in fiscal year 2024.
Is Park National profitable?
Yes, Park National (PRK) reported a net income of $151.4M in fiscal year 2024, with a net profit margin of 23.5%.
What is Park National's earnings per share (EPS)?
Park National (PRK) reported diluted earnings per share of $9.32 for fiscal year 2024. This represents a 19.5% 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 Park National's net profit margin?
Park National (PRK) had a net profit margin of 23.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Park National pay dividends?
Yes, Park National (PRK) paid $4.74 per share in dividends during fiscal year 2024.
What is Park National's return on equity (ROE)?
Park National (PRK) has a return on equity of 12.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Park National's free cash flow?
Park National (PRK) generated $169.7M in free cash flow during fiscal year 2024. This represents a 18.2% 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 Park National's operating cash flow?
Park National (PRK) generated $178.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Park National's total assets?
Park National (PRK) had $9.8B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Park National's capital expenditures?
Park National (PRK) invested $9.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Park National's debt-to-equity ratio?
Park National (PRK) had a debt-to-equity ratio of 6.88 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Park National's return on assets (ROA)?
Park National (PRK) had a return on assets of 1.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Park National's Piotroski F-Score?
Park National (PRK) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Park National's earnings high quality?
Park National (PRK) has an earnings quality ratio of 1.18x, 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 Park National?
Park National (PRK) scores 55 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.