PATRICK INDUSTRIES INCPATKEarnings & Financial Report
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
Revenue
$933.5M
Gross Profit
$204.9M
Operating Profit
$59.3M
Net Profit
$35.1M
Gross Margin
21.9%
Operating Margin
6.4%
Net Margin
3.8%
YoY Growth
N/A
EPS
$1.59
PATRICK INDUSTRIES INC Q1 FY2024 Financial Summary
PATRICK INDUSTRIES INC reported revenue of $933.5M for Q1 FY2024, with a net profit of $35.1M (3.8% margin). Cost of goods sold was $728.6M, operating expenses totaled $145.5M.
Key Financial Metrics
| Total Revenue | $933.5M |
|---|---|
| Net Profit | $35.1M |
| Gross Margin | 21.9% |
| Operating Margin | 6.4% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
PATRICK INDUSTRIES INC Q1 FY2024 revenue of $933.5M breaks down across 6 segments, led by Recreational Vehicle at $291.8M (31.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Recreational Vehicle | $291.8M | 31.3% |
| Distribution | $235.9M | 25.3% |
| Marine | $146.0M | 15.6% |
| Industrial | $110.3M | 11.8% |
| Powersports | $80.0M | 8.6% |
| Manufactured Housing | $69.4M | 7.4% |
PATRICK INDUSTRIES INC Revenue by Segment — Quarterly Trend
PATRICK INDUSTRIES INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Recreational Vehicle and Distribution) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Recreational Vehicle | $276.3M | $292.6M | $331.3M | $346.0M |
| Distribution | $222.4M | $257.0M | $275.9M | $252.7M |
| Marine | $141.9M | $141.1M | $144.4M | $139.4M |
| Industrial | $110.8M | $117.8M | $122.7M | $111.9M |
| Powersports | $104.8M | $94.0M | $91.7M | $77.2M |
PATRICK INDUSTRIES INC Annual Revenue by Year
PATRICK INDUSTRIES INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.0B |
| 2024 | $3.7B |
| 2022 | $4.9B |
PATRICK INDUSTRIES INC Quarterly Revenue & Net Profit History
PATRICK INDUSTRIES INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $924.2M | +9.2% | $29.1M | 3.1% |
| Q3 FY2025 | $975.6M | +6.1% | $35.3M | 3.6% |
| Q2 FY2025 | $1.0B | +3.0% | $32.4M | 3.1% |
| Q1 FY2025 | $1.0B | +7.5% | $38.2M | 3.8% |
| Q4 FY2024 | $846.1M | -2.3% | $14.6M | 1.7% |
| Q3 FY2024 | $919.4M | -0.1% | $40.9M | 4.4% |
| Q2 FY2024 | $1.0B | +12.9% | $47.9M | 4.7% |
| Q1 FY2024 | $933.5M | — | $35.1M | 3.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $933.5M | $1.02B | $919.4M | $846.1M | $1.00B | $1.05B | $975.6M | $924.2M |
| YoY Growth | N/A | 12.9% | -0.1% | -2.3% | 7.5% | 3.0% | 6.1% | 9.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.03B | $3.00B | $3.12B | $3.02B | $3.19B | $3.08B | $3.15B | $3.08B |
| Liabilities | $1.97B | $1.91B | $1.99B | $1.89B | $2.05B | $1.94B | $1.98B | $1.89B |
| Equity | $1.06B | $1.10B | $1.13B | $1.13B | $1.14B | $1.14B | $1.17B | $1.18B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $35.2M | $137.5M | $51.5M | $102.7M | $40.1M | $149.4M | $9.1M | $130.8M |