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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and PATRICK INDUSTRIES INC (PATK). Click either name above to swap in a different company.
PATRICK INDUSTRIES INC is the larger business by last-quarter revenue ($924.2M vs $789.6M, roughly 1.2× Atour Lifestyle Holdings Ltd). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 3.1%, a 14.5% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 9.2%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $112.7M).
Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
ATAT vs PATK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $924.2M |
| Net Profit | $139.1M | $29.1M |
| Gross Margin | — | 23.0% |
| Operating Margin | 22.5% | 6.2% |
| Net Margin | 17.6% | 3.1% |
| Revenue YoY | 252.5% | 9.2% |
| Net Profit YoY | 322.2% | 99.7% |
| EPS (diluted) | $0.33 | $0.82 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $924.2M | ||
| Q3 25 | $789.6M | $975.6M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $846.1M | ||
| Q3 24 | $224.0M | $919.4M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | $203.4M | $933.5M |
| Q4 25 | — | $29.1M | ||
| Q3 25 | $139.1M | $35.3M | ||
| Q2 25 | — | $32.4M | ||
| Q1 25 | — | $38.2M | ||
| Q4 24 | — | $14.6M | ||
| Q3 24 | $33.0M | $40.9M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | $35.6M | $35.1M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | — | 6.2% | ||
| Q3 25 | 22.5% | 6.8% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 14.7% | 8.1% | ||
| Q2 24 | — | 8.3% | ||
| Q1 24 | 22.1% | 6.4% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | 17.6% | 3.6% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | 14.7% | 4.4% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | 17.5% | 3.8% |
| Q4 25 | — | $0.82 | ||
| Q3 25 | $0.33 | $1.01 | ||
| Q2 25 | — | $0.96 | ||
| Q1 25 | — | $1.11 | ||
| Q4 24 | — | $-1.44 | ||
| Q3 24 | $0.08 | $1.80 | ||
| Q2 24 | — | $2.16 | ||
| Q1 24 | $0.09 | $1.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $669.2M | $26.4M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $405.0M | $1.2B |
| Total Assets | $1.1B | $3.1B |
| Debt / EquityLower = less leverage | — | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $26.4M | ||
| Q3 25 | $669.2M | $20.7M | ||
| Q2 25 | — | $22.0M | ||
| Q1 25 | — | $86.6M | ||
| Q4 24 | — | $33.6M | ||
| Q3 24 | $506.0M | $52.6M | ||
| Q2 24 | — | $44.0M | ||
| Q1 24 | $520.7M | $17.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $277.0K | — |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $405.0M | $1.2B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $291.3M | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $323.5M | $1.1B |
| Q4 25 | — | $3.1B | ||
| Q3 25 | $1.1B | $3.1B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | $927.8M | $3.1B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | $936.3M | $3.0B |
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.00× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $216.6M | $130.8M |
| Free Cash FlowOCF − Capex | $210.7M | $112.7M |
| FCF MarginFCF / Revenue | 26.7% | 12.2% |
| Capex IntensityCapex / Revenue | 0.8% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.56× | 4.50× |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | $246.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $130.8M | ||
| Q3 25 | $216.6M | $9.1M | ||
| Q2 25 | — | $149.4M | ||
| Q1 25 | — | $40.1M | ||
| Q4 24 | — | $102.7M | ||
| Q3 24 | $84.8M | $51.5M | ||
| Q2 24 | — | $137.5M | ||
| Q1 24 | $19.8M | $35.2M |
| Q4 25 | — | $112.7M | ||
| Q3 25 | $210.7M | $-17.2M | ||
| Q2 25 | — | $131.1M | ||
| Q1 25 | — | $19.9M | ||
| Q4 24 | — | $77.2M | ||
| Q3 24 | $83.3M | $33.7M | ||
| Q2 24 | — | $120.6M | ||
| Q1 24 | $18.1M | $19.7M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | 26.7% | -1.8% | ||
| Q2 25 | — | 12.5% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 37.2% | 3.7% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | 8.9% | 2.1% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 0.8% | 2.7% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 0.7% | 1.9% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | 0.9% | 1.7% |
| Q4 25 | — | 4.50× | ||
| Q3 25 | 1.56× | 0.26× | ||
| Q2 25 | — | 4.61× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 7.05× | ||
| Q3 24 | 2.57× | 1.26× | ||
| Q2 24 | — | 2.87× | ||
| Q1 24 | 0.56× | 1.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATAT
Segment breakdown not available.
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
