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Side-by-side financial comparison of Lineage, Inc. (LINE) and PATRICK INDUSTRIES INC (PATK). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $924.2M, roughly 1.5× PATRICK INDUSTRIES INC). PATRICK INDUSTRIES INC runs the higher net margin — 3.1% vs -7.3%, a 10.4% gap on every dollar of revenue. On growth, PATRICK INDUSTRIES INC posted the faster year-over-year revenue change (9.2% vs 3.1%). PATRICK INDUSTRIES INC produced more free cash flow last quarter ($112.7M vs $35.0M).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
LINE vs PATK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $924.2M |
| Net Profit | $-100.0M | $29.1M |
| Gross Margin | 32.3% | 23.0% |
| Operating Margin | 2.5% | 6.2% |
| Net Margin | -7.3% | 3.1% |
| Revenue YoY | 3.1% | 9.2% |
| Net Profit YoY | 79.4% | 99.7% |
| EPS (diluted) | $-0.44 | $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 | $1.4B | $975.6M | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $846.1M | ||
| Q3 24 | $1.3B | $919.4M | ||
| Q2 24 | $1.3B | $1.0B | ||
| Q1 24 | $1.3B | $933.5M |
| Q4 25 | — | $29.1M | ||
| Q3 25 | $-100.0M | $35.3M | ||
| Q2 25 | $-6.0M | $32.4M | ||
| Q1 25 | $0 | $38.2M | ||
| Q4 24 | $-71.0M | $14.6M | ||
| Q3 24 | $-485.0M | $40.9M | ||
| Q2 24 | $-68.0M | $47.9M | ||
| Q1 24 | $-40.0M | $35.1M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | 32.3% | 22.6% | ||
| Q2 25 | 31.9% | 23.9% | ||
| Q1 25 | 32.2% | 22.8% | ||
| Q4 24 | 32.3% | 22.1% | ||
| Q3 24 | 32.8% | 23.1% | ||
| Q2 24 | 33.4% | 22.8% | ||
| Q1 24 | 33.4% | 21.9% |
| Q4 25 | — | 6.2% | ||
| Q3 25 | 2.5% | 6.8% | ||
| Q2 25 | 1.7% | 8.3% | ||
| Q1 25 | 4.3% | 6.5% | ||
| Q4 24 | -1.6% | 4.7% | ||
| Q3 24 | -38.6% | 8.1% | ||
| Q2 24 | 5.5% | 8.3% | ||
| Q1 24 | 7.6% | 6.4% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | -7.3% | 3.6% | ||
| Q2 25 | -0.4% | 3.1% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | -5.3% | 1.7% | ||
| Q3 24 | -36.3% | 4.4% | ||
| Q2 24 | -5.1% | 4.7% | ||
| Q1 24 | -3.0% | 3.8% |
| Q4 25 | — | $0.82 | ||
| Q3 25 | $-0.44 | $1.01 | ||
| Q2 25 | $-0.03 | $0.96 | ||
| Q1 25 | $0.01 | $1.11 | ||
| Q4 24 | $-0.52 | $-1.44 | ||
| Q3 24 | $-2.44 | $1.80 | ||
| Q2 24 | $-0.46 | $2.16 | ||
| Q1 24 | $-0.28 | $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 | — | $26.4M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $8.4B | $1.2B |
| Total Assets | $19.2B | $3.1B |
| Debt / EquityLower = less leverage | — | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $26.4M | ||
| Q3 25 | — | $20.7M | ||
| Q2 25 | — | $22.0M | ||
| Q1 25 | — | $86.6M | ||
| Q4 24 | $173.0M | $33.6M | ||
| Q3 24 | $409.0M | $52.6M | ||
| Q2 24 | $73.0M | $44.0M | ||
| Q1 24 | — | $17.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $8.4B | $1.2B | ||
| Q2 25 | $8.6B | $1.1B | ||
| Q1 25 | $8.6B | $1.1B | ||
| Q4 24 | $8.6B | $1.1B | ||
| Q3 24 | $9.0B | $1.1B | ||
| Q2 24 | $4.9B | $1.1B | ||
| Q1 24 | $5.6B | $1.1B |
| Q4 25 | — | $3.1B | ||
| Q3 25 | $19.2B | $3.1B | ||
| Q2 25 | $19.4B | $3.1B | ||
| Q1 25 | $18.8B | $3.2B | ||
| Q4 24 | $18.7B | $3.0B | ||
| Q3 24 | $19.3B | $3.1B | ||
| Q2 24 | $18.8B | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | — | 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 | $230.0M | $130.8M |
| Free Cash FlowOCF − Capex | $35.0M | $112.7M |
| FCF MarginFCF / Revenue | 2.5% | 12.2% |
| Capex IntensityCapex / Revenue | 14.2% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 4.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $246.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $130.8M | ||
| Q3 25 | $230.0M | $9.1M | ||
| Q2 25 | $258.0M | $149.4M | ||
| Q1 25 | $139.0M | $40.1M | ||
| Q4 24 | — | $102.7M | ||
| Q3 24 | $186.0M | $51.5M | ||
| Q2 24 | $155.0M | $137.5M | ||
| Q1 24 | $105.0M | $35.2M |
| Q4 25 | — | $112.7M | ||
| Q3 25 | $35.0M | $-17.2M | ||
| Q2 25 | $95.0M | $131.1M | ||
| Q1 25 | $-12.0M | $19.9M | ||
| Q4 24 | — | $77.2M | ||
| Q3 24 | $33.0M | $33.7M | ||
| Q2 24 | $-31.0M | $120.6M | ||
| Q1 24 | $-42.0M | $19.7M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | 2.5% | -1.8% | ||
| Q2 25 | 7.0% | 12.5% | ||
| Q1 25 | -0.9% | 2.0% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 2.5% | 3.7% | ||
| Q2 24 | -2.3% | 11.9% | ||
| Q1 24 | -3.2% | 2.1% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 14.2% | 2.7% | ||
| Q2 25 | 12.1% | 1.7% | ||
| Q1 25 | 11.7% | 2.0% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 11.5% | 1.9% | ||
| Q2 24 | 13.9% | 1.7% | ||
| Q1 24 | 11.1% | 1.7% |
| Q4 25 | — | 4.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 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
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
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% |
