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PATRICK INDUSTRIES INC

PATK Clue Score44
United States Fiscal year ends December CIK 0000076605
$63.46 -2.47% Close, 9 Oct 2026
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Price $63.46 −26.75% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,221.9Operating income90.8Net income55.6EPS, diluted2.43Fiscal year 2017Revenue1,635.7 +33.9%Operating income121.9Net income85.7 +54.2%EPS, diluted3.48Fiscal year 2018Revenue2,263.1 +38.4%Operating income178.4Net income119.8 +39.8%EPS, diluted4.93Fiscal year 2019Revenue2,337.1 +3.3%Operating income154.4Net income89.6 −25.3%EPS, diluted3.85Fiscal year 2020Revenue2,486.6 +6.4%Operating income173.4Net income97.1 +8.4%EPS, diluted4.20Fiscal year 2021Revenue4,078.1 +64.0%Operating income351.7Net income224.9 +131.7%EPS, diluted9.63Fiscal year 2022Revenue4,881.9 +19.7%Operating income496.2Net income328.2 +45.9%EPS, diluted8.99Fiscal year 2023Revenue3,468.0 −29.0%Operating income260.2Net income142.9 −56.5%EPS, diluted4.33Fiscal year 2024Revenue3,715.7 +7.1%Operating income258.0Net income138.4 −3.1%EPS, diluted4.11Fiscal year 2025Revenue3,950.8 +6.3%Operating income276.0Net income135.1 −2.4%EPS, diluted3.90
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,221.9 1,635.7 2,263.1 2,337.1 2,486.6 4,078.1 4,881.9 3,468.0 3,715.7 3,950.8
Growth +33.9% +38.4% +3.3% +6.4% +64.0% +19.7% −29.0% +7.1% +6.3%
Operating income 90.8 121.9 178.4 154.4 173.4 351.7 496.2 260.2 258.0 276.0
Net income 55.6 85.7 119.8 89.6 97.1 224.9 328.2 142.9 138.4 135.1
Growth +54.2% +39.8% −25.3% +8.4% +131.7% +45.9% −56.5% −3.1% −2.4%
EPS, diluted 2.43 3.48 4.93 3.85 4.20 9.63 8.99 4.33 4.11 3.90

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin16.6%Operating margin7.4%Net margin4.5%Free cash flow margin6.7%Fiscal year 2017Gross margin17.1%Operating margin7.5%Net margin5.2%Free cash flow margin4.7%Fiscal year 2018Gross margin18.4%Operating margin7.9%Net margin5.3%Free cash flow margin7.3%Fiscal year 2019Gross margin18.1%Operating margin6.6%Net margin3.8%Free cash flow margin7.0%Fiscal year 2020Gross margin18.5%Operating margin7.0%Net margin3.9%Free cash flow margin5.1%Fiscal year 2021Gross margin19.6%Operating margin8.6%Net margin5.5%Free cash flow margin4.6%Fiscal year 2022Gross margin21.7%Operating margin10.2%Net margin6.7%Free cash flow margin6.8%Fiscal year 2023Gross margin22.6%Operating margin7.5%Net margin4.1%Free cash flow margin10.1%Fiscal year 2024Gross margin22.5%Operating margin6.9%Net margin3.7%Free cash flow margin6.8%Fiscal year 2025Gross margin23.1%Operating margin7.0%Net margin3.4%Free cash flow margin6.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 16.6% 17.1% 18.4% 18.1% 18.5% 19.6% 21.7% 22.6% 22.5% 23.1%
Operating margin 7.4% 7.5% 7.9% 6.6% 7.0% 8.6% 10.2% 7.5% 6.9% 7.0%
Net margin 4.5% 5.2% 5.3% 3.8% 3.9% 5.5% 6.7% 4.1% 3.7% 3.4%
Free cash flow margin 6.7% 4.7% 7.3% 7.0% 5.1% 4.6% 6.8% 10.1% 6.8% 6.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow97.1Capital expenditure−15.4Free cash flow81.7Buybacks−5.2Fiscal year 2017Operating cash flow99.9Capital expenditure−22.5Free cash flow77.4 −5.3%Buybacks0.0Fiscal year 2018Operating cash flow200.0Capital expenditure−34.5Free cash flow165.5 +113.8%Buybacks−107.6Dividends paid0.0Fiscal year 2019Operating cash flow192.4Capital expenditure−27.7Free cash flow164.7 −0.5%Buybacks−3.8Dividends paid−5.8Fiscal year 2020Operating cash flow160.2Capital expenditure−32.1Free cash flow128.1 −22.3%Buybacks−23.1Dividends paid−23.6Fiscal year 2021Operating cash flow252.1Capital expenditure−64.8Free cash flow187.3 +46.3%Buybacks−48.9Dividends paid−27.0Fiscal year 2022Operating cash flow411.7Capital expenditure−79.9Free cash flow331.9 +77.2%Buybacks−77.1Dividends paid−32.9Fiscal year 2023Operating cash flow408.7Capital expenditure−59.0Free cash flow349.7 +5.4%Buybacks−18.8Dividends paid−42.1Fiscal year 2024Operating cash flow326.8Capital expenditure−75.7Free cash flow251.2 −28.2%Buybacks−4.7Dividends paid−50.2Fiscal year 2025Operating cash flow329.4Capital expenditure−82.9Free cash flow246.5 −1.9%Buybacks−32.0Dividends paid−55.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 97.1 99.9 200.0 192.4 160.2 252.1 411.7 408.7 326.8 329.4
Capital expenditure −15.4 −22.5 −34.5 −27.7 −32.1 −64.8 −79.9 −59.0 −75.7 −82.9
Free cash flow 81.7 77.4 165.5 164.7 128.1 187.3 331.9 349.7 251.2 246.5
Growth −5.3% +113.8% −0.5% −22.3% +46.3% +77.2% +5.4% −28.2% −1.9%
Buybacks −5.2 0.0 −107.6 −3.8 −23.1 −48.9 −77.1 −18.8 −4.7 −32.0
Dividends paid n/a n/a 0.0 −5.8 −23.6 −27.0 −32.9 −42.1 −50.2 −55.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash6.4Total debt272.6Net cash (debt)−266.1Shareholders’ equity185.4Debt to equity1.47Fiscal year 2017Cash2.8Total debt353.9Net cash (debt)−351.1Shareholders’ equity370.7Debt to equity0.95Fiscal year 2018Cash6.9Total debt630.5Net cash (debt)−623.6Shareholders’ equity408.8Debt to equity1.54Fiscal year 2019Cash139.4Total debt675.4Net cash (debt)−536.0Shareholders’ equity497.5Debt to equity1.36Fiscal year 2020Cash44.8Total debt818.4Net cash (debt)−773.6Shareholders’ equity559.4Debt to equity1.46Fiscal year 2021Cash122.8Total debt1,286.5Net cash (debt)−1,163.6Shareholders’ equity767.6Debt to equity1.68Fiscal year 2022Cash22.8Total debt1,283.6Net cash (debt)−1,260.8Shareholders’ equity955.2Debt to equity1.34Fiscal year 2023Cash11.4Total debt1,025.9Net cash (debt)−1,014.4Shareholders’ equity1,045.3Debt to equity0.98Fiscal year 2024Cash33.6Total debt1,317.9Net cash (debt)−1,284.4Shareholders’ equity1,128.4Debt to equity1.17Fiscal year 2025Cash26.4Total debt1,289.1Net cash (debt)−1,262.6Shareholders’ equity1,184.3Debt to equity1.09
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 6.4 2.8 6.9 139.4 44.8 122.8 22.8 11.4 33.6 26.4
Total debt 272.6 353.9 630.5 675.4 818.4 1,286.5 1,283.6 1,025.9 1,317.9 1,289.1
Net cash (debt) −266.1 −351.1 −623.6 −536.0 −773.6 −1,163.6 −1,260.8 −1,014.4 −1,284.4 −1,262.6
Shareholders’ equity 185.4 370.7 408.8 497.5 559.4 767.6 955.2 1,045.3 1,128.4 1,184.3
Debt to equity 1.47 0.95 1.54 1.36 1.46 1.68 1.34 0.98 1.17 1.09

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
97.1 99.9 200.0 192.4 160.2 252.1 411.7 408.7 326.8 329.4
Growth +2.8% +100.2% −3.8% −16.8% +57.4% +63.3% −0.7% −20.0% +0.8%
24.4 33.5 55.1 62.8 73.3 104.8 130.8 144.5 166.5 170.2
Investment
−15.4 −22.5 −34.5 −27.7 −32.1 −64.8 −79.9 −59.0 −75.7 −82.9
calc 81.7 77.4 165.5 164.7 128.1 187.3 331.9 349.7 251.2 246.5
Growth −5.3% +113.8% −0.5% −22.3% +46.3% +77.2% +5.4% −28.2% −1.9%
calc 3.57 3.14 6.81 7.08 5.55 8.02 9.04 10.58 7.45 7.12
−154.0 −273.1 −371.4 −79.2 −337.9 −574.7 −321.5 −86.5 −512.8 −206.5
Financing
63.2 169.6 175.5 19.3 83.1 400.7 −190.3 −333.6 208.2 −130.1
n/a n/a 0.0 −5.8 −23.6 −27.0 −32.9 −42.1 −50.2 −55.3
−5.2 0.0 −107.6 −3.8 −23.1 −48.9 −77.1 −18.8 −4.7 −32.0

† The diluted share count jumps at 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.