Patrick Industries, Inc. (PATK) Income Statement
PATK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPATK revenue and net income
Where PATK's revenue goes
2025Each bar shows an amount and its share of revenue. PATK kept 3.4% of revenue as net income.
PATK profit margins
PATK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.3% | −6.8% | +9.7% | +15.7% |
| Gross profit | +9.2% | −4.9% | +14.7% | +19.6% |
| Operating income | +7.0% | −17.8% | +9.7% | +14.7% |
| Net income | −2.4% | −25.6% | +6.8% | +12.3% |
| EPS (diluted) | +2.5% | −20.7% | +9.1% | +12.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PATK quarterly EPS vs estimates
Patrick Industries beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.99).
PATK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.95B | $3.72B | $3.47B | $4.88B | $4.08B | $2.49B | $2.34B | $2.26B | $1.64B | $1.22B |
| Cost of revenue | $3.04B | $2.88B | $2.69B | $3.82B | $3.28B | $2.03B | $1.91B | $1.85B | $1.36B | $1.02B |
| Gross profit | $912.9M | $835.9M | $782.2M | $1.06B | $801.2M | $459.0M | $422.9M | $415.9M | $278.9M | $202.5M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $539.6M | $481.6M | $452.3M | $490.5M | $393.2M | $244.8M | $232.5M | $203.2M | $137.6M | $98.3M |
| Total operating expenses | $636.9M | $577.9M | $522.0M | $563.8M | $449.5M | $285.6M | $268.4M | $237.5M | $157.0M | $111.6M |
| Operating income | $276.0M | $258.0M | $260.2M | $496.2M | $351.7M | $173.4M | $154.4M | $178.4M | $121.9M | $90.8M |
| Interest income | — | — | — | — | — | — | $36.6M | $26.4M | $8.8M | $7.2M |
| Interest expense | $74.5M | $79.5M | $68.9M | $60.8M | $57.9M | $43.0M | $36.6M | $26.4M | $8.8M | $7.2M |
| Income before taxes | $177.1M | $178.6M | $191.3M | $435.4M | $293.8M | $130.4M | $117.8M | $152.0M | $113.1M | $83.7M |
| Income taxes | $42.0M | $40.2M | $48.4M | $107.2M | $68.9M | $33.3M | $28.3M | $32.1M | $27.4M | $28.1M |
| Net income | $135.1M | $138.4M | $142.9M | $328.2M | $224.9M | $97.1M | $89.6M | $119.8M | $85.7M | $55.6M |
| EBITDA | $421.8M | $424.6M | $260.2M | $626.9M | $456.5M | $246.6M | $217.2M | $233.5M | $155.4M | $115.2M |
| EPS (diluted) | $4.46 | $4.35 | $4.46 | $8.96 | $6.42 | $2.88 | $2.61 | $3.67 | $2.41 | $1.78 |
| Gross margin | 23.1% | 22.5% | 22.6% | 21.7% | 19.6% | 18.5% | 18.1% | 18.4% | 17.1% | 16.6% |
| Operating margin | 7.0% | 6.9% | 7.5% | 10.2% | 8.6% | 7.0% | 6.6% | 7.9% | 7.5% | 7.4% |
| Net margin | 3.4% | 3.7% | 4.1% | 6.7% | 5.5% | 3.9% | 3.8% | 5.3% | 5.2% | 4.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $997.2M | $924.2M | $975.6M | $1.05B | $1.00B | $846.1M | $919.4M | $1.02B | $933.5M | $781.2M | $866.1M |
| Cost of revenue | $794.1M | $770.3M | $711.5M | $754.7M | $796.9M | $774.8M | $658.9M | $706.9M | $785.3M | $728.6M | $602.3M | $667.0M |
| Gross profit | $247.6M | $226.9M | $212.7M | $221.0M | $250.6M | $228.6M | $187.2M | $212.5M | $231.3M | $204.9M | $178.9M | $199.1M |
| Sales, general & admin | $146.8M | $138.1M | $131.3M | $130.5M | $139.3M | $138.5M | $122.9M | $113.6M | $122.3M | $122.7M | $102.0M | $108.5M |
| Total operating expenses | $170.5M | $162.1M | $155.3M | $154.7M | $163.9M | $163.0M | $147.6M | $138.1M | $146.6M | $145.5M | $121.6M | $128.0M |
| Operating income | $77.0M | $64.7M | $57.4M | $66.3M | $86.7M | $65.6M | $39.6M | $74.4M | $84.7M | $59.3M | $57.3M | $71.1M |
| Interest expense | $19.0M | $18.4M | $18.1M | $18.5M | $18.9M | $19.1M | $19.0M | $20.1M | $20.3M | $20.1M | $15.3M | $16.9M |
| Income before taxes | $58.1M | $46.3M | $39.3M | $47.8M | $43.4M | $46.5M | $20.6M | $54.4M | $64.3M | $39.3M | $42.0M | $54.2M |
| Income taxes | $14.6M | $6.9M | $10.3M | $12.5M | $11.0M | $8.2M | $6.0M | $13.5M | $16.5M | $4.2M | $11.2M | $14.6M |
| Net income | $43.4M | $39.5M | $29.1M | $35.3M | $32.4M | $38.2M | $14.6M | $40.9M | $47.9M | $35.1M | $30.8M | $39.5M |
| EBITDA | $120.0M | $107.5M | $100.4M | $108.3M | $104.9M | $108.2M | $82.1M | $116.6M | $126.2M | $99.7M | $93.9M | $107.6M |
| EPS (diluted) | $1.29 | $1.10 | $0.84 | $1.01 | $1.50 | $1.11 | $0.52 | $1.20 | $1.44 | $1.19 | $0.99 | $1.21 |
| Gross margin | 23.8% | 22.8% | 23.0% | 22.6% | 23.9% | 22.8% | 22.1% | 23.1% | 22.8% | 21.9% | 22.9% | 23.0% |
| Operating margin | 7.4% | 6.5% | 6.2% | 6.8% | 8.3% | 6.5% | 4.7% | 8.1% | 8.3% | 6.4% | 7.3% | 8.2% |
| Net margin | 4.2% | 4.0% | 3.1% | 3.6% | 3.1% | 3.8% | 1.7% | 4.4% | 4.7% | 3.8% | 3.9% | 4.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PATK's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PATK financial results
In fiscal year 2025 (ended December 31, 2025), Patrick Industries reported revenue of $4.0 billion, up 6.3% from the year before. It had net income of $135.1 million (down 2.4%), a net profit margin of 3.4%. Diluted earnings per share came to $4.46. Over five years revenue grew at an average rate of 9.7% a year.
See the PATK stock overview for the latest quote and news, or the PATK chart for price history and technical indicators.
PATK income statement FAQ
What is Patrick Industries's annual revenue?
Patrick Industries reported total revenue of $4.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 6.3% from $3.7 billion the previous year.
Is Patrick Industries profitable?
Yes. Patrick Industries reported net income of $135.1 million in fiscal 2025, a net profit margin of 3.4%; its operating margin was 7.0%.
What is Patrick Industries's gross margin?
Patrick Industries's gross margin was 23.1% in fiscal 2025: for every $100 of revenue, Patrick Industries kept $23 after the direct cost of its products and services.
How fast is Patrick Industries growing?
Revenue grew 9.7% a year on average over the last five fiscal years, from $2.5 billion to $4.0 billion.
What are Patrick Industries's earnings per share?
Patrick Industries earned $4.46 per diluted share in fiscal 2025, compared with $4.35 a year earlier.
When will Patrick Industries report its next earnings?
Patrick Industries is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Patrick Industries's fiscal year end?
Patrick Industries's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.