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Side-by-side financial comparison of Diversified Energy Co (DEC) 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 $666.5M, roughly 1.4× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs 3.1%, a 26.2% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $112.7M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
DEC vs PATK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $924.2M |
| Net Profit | $195.5M | $29.1M |
| Gross Margin | — | 23.0% |
| Operating Margin | 37.6% | 6.2% |
| Net Margin | 29.3% | 3.1% |
| Revenue YoY | — | 9.2% |
| Net Profit YoY | — | 99.7% |
| EPS (diluted) | — | $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 | $666.5M | $924.2M | ||
| Q3 25 | $499.8M | $975.6M | ||
| Q2 25 | $600.3M | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $846.1M | ||
| Q3 24 | — | $919.4M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $933.5M |
| Q4 25 | $195.5M | $29.1M | ||
| Q3 25 | $171.1M | $35.3M | ||
| Q2 25 | $297.7M | $32.4M | ||
| Q1 25 | — | $38.2M | ||
| Q4 24 | — | $14.6M | ||
| Q3 24 | — | $40.9M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $35.1M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | 44.7% | 23.9% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | 37.6% | 6.2% | ||
| Q3 25 | 36.2% | 6.8% | ||
| Q2 25 | 48.5% | 8.3% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 8.3% | ||
| Q1 24 | — | 6.4% |
| Q4 25 | 29.3% | 3.1% | ||
| Q3 25 | 34.2% | 3.6% | ||
| Q2 25 | 49.6% | 3.1% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | 3.8% |
| Q4 25 | — | $0.82 | ||
| Q3 25 | $2.14 | $1.01 | ||
| Q2 25 | $3.67 | $0.96 | ||
| Q1 25 | — | $1.11 | ||
| Q4 24 | — | $-1.44 | ||
| Q3 24 | — | $1.80 | ||
| Q2 24 | — | $2.16 | ||
| Q1 24 | — | $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 | $29.7M | $26.4M |
| Total DebtLower is stronger | $2.7B | $1.3B |
| Stockholders' EquityBook value | $984.1M | $1.2B |
| Total Assets | $6.2B | $3.1B |
| Debt / EquityLower = less leverage | 2.76× | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | $26.4M | ||
| Q3 25 | — | $20.7M | ||
| Q2 25 | $23.7M | $22.0M | ||
| Q1 25 | — | $86.6M | ||
| Q4 24 | — | $33.6M | ||
| Q3 24 | — | $52.6M | ||
| Q2 24 | — | $44.0M | ||
| Q1 24 | — | $17.6M |
| Q4 25 | $2.7B | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $984.1M | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $727.7M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $6.2B | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | $5.7B | $3.1B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | 2.76× | 1.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $464.6M | $130.8M |
| Free Cash FlowOCF − Capex | $280.0M | $112.7M |
| FCF MarginFCF / Revenue | 42.0% | 12.2% |
| Capex IntensityCapex / Revenue | 27.7% | 2.0% |
| Cash ConversionOCF / Net Profit | 2.38× | 4.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $246.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $130.8M | ||
| Q3 25 | — | $9.1M | ||
| Q2 25 | $264.1M | $149.4M | ||
| Q1 25 | — | $40.1M | ||
| Q4 24 | — | $102.7M | ||
| Q3 24 | — | $51.5M | ||
| Q2 24 | — | $137.5M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | $280.0M | $112.7M | ||
| Q3 25 | — | $-17.2M | ||
| Q2 25 | — | $131.1M | ||
| Q1 25 | — | $19.9M | ||
| Q4 24 | — | $77.2M | ||
| Q3 24 | — | $33.7M | ||
| Q2 24 | — | $120.6M | ||
| Q1 24 | — | $19.7M |
| Q4 25 | 42.0% | 12.2% | ||
| Q3 25 | — | -1.8% | ||
| Q2 25 | — | 12.5% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | 2.1% |
| Q4 25 | 27.7% | 2.0% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 2.38× | 4.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | 0.89× | 4.61× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 7.05× | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | — | 2.87× | ||
| Q1 24 | — | 1.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEC
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% |
