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Side-by-side financial comparison of Magnera Corp (MAGN) 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 $792.0M, roughly 1.2× Magnera Corp). PATRICK INDUSTRIES INC runs the higher net margin — 3.1% vs -4.3%, a 7.4% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 9.2%). PATRICK INDUSTRIES INC produced more free cash flow last quarter ($112.7M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs -0.5%).
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
MAGN vs PATK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $924.2M |
| Net Profit | $-34.0M | $29.1M |
| Gross Margin | 12.2% | 23.0% |
| Operating Margin | 1.8% | 6.2% |
| Net Margin | -4.3% | 3.1% |
| Revenue YoY | 12.8% | 9.2% |
| Net Profit YoY | 43.3% | 99.7% |
| EPS (diluted) | $-0.95 | $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 | $792.0M | $924.2M | ||
| Q3 25 | — | $975.6M | ||
| Q2 25 | $839.0M | $1.0B | ||
| Q1 25 | $824.0M | $1.0B | ||
| Q4 24 | $702.0M | $846.1M | ||
| Q3 24 | $332.1M | $919.4M | ||
| Q2 24 | $556.0M | $1.0B | ||
| Q1 24 | $558.0M | $933.5M |
| Q4 25 | $-34.0M | $29.1M | ||
| Q3 25 | — | $35.3M | ||
| Q2 25 | $-18.0M | $32.4M | ||
| Q1 25 | $-41.0M | $38.2M | ||
| Q4 24 | $-60.0M | $14.6M | ||
| Q3 24 | $-15.2M | $40.9M | ||
| Q2 24 | $19.0M | $47.9M | ||
| Q1 24 | $14.0M | $35.1M |
| Q4 25 | 12.2% | 23.0% | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | 10.7% | 23.9% | ||
| Q1 25 | 10.7% | 22.8% | ||
| Q4 24 | 10.1% | 22.1% | ||
| Q3 24 | 10.7% | 23.1% | ||
| Q2 24 | 6.6% | 22.8% | ||
| Q1 24 | 6.2% | 21.9% |
| Q4 25 | 1.8% | 6.2% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | 1.5% | 8.3% | ||
| Q1 25 | 0.5% | 6.5% | ||
| Q4 24 | -3.1% | 4.7% | ||
| Q3 24 | 0.9% | 8.1% | ||
| Q2 24 | 3.1% | 8.3% | ||
| Q1 24 | 3.8% | 6.4% |
| Q4 25 | -4.3% | 3.1% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | -2.1% | 3.1% | ||
| Q1 25 | -5.0% | 3.8% | ||
| Q4 24 | -8.5% | 1.7% | ||
| Q3 24 | -4.6% | 4.4% | ||
| Q2 24 | 3.4% | 4.7% | ||
| Q1 24 | 2.5% | 3.8% |
| Q4 25 | $-0.95 | $0.82 | ||
| Q3 25 | — | $1.01 | ||
| Q2 25 | $-0.51 | $0.96 | ||
| Q1 25 | $-1.15 | $1.11 | ||
| Q4 24 | $-1.69 | $-1.44 | ||
| Q3 24 | $-0.33 | $1.80 | ||
| Q2 24 | $0.60 | $2.16 | ||
| Q1 24 | $0.44 | $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 | $264.0M | $26.4M |
| Total DebtLower is stronger | $1.9B | $1.3B |
| Stockholders' EquityBook value | $1.0B | $1.2B |
| Total Assets | $3.9B | $3.1B |
| Debt / EquityLower = less leverage | 1.86× | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $264.0M | $26.4M | ||
| Q3 25 | — | $20.7M | ||
| Q2 25 | $276.0M | $22.0M | ||
| Q1 25 | $282.0M | $86.6M | ||
| Q4 24 | $215.0M | $33.6M | ||
| Q3 24 | $230.0M | $52.6M | ||
| Q2 24 | $33.9M | $44.0M | ||
| Q1 24 | $30.2M | $17.6M |
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $877.4M | — | ||
| Q1 24 | $884.7M | — |
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.4B | $1.1B | ||
| Q1 24 | $2.4B | $1.1B |
| Q4 25 | $3.9B | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | $4.1B | $3.1B | ||
| Q1 25 | $4.1B | $3.2B | ||
| Q4 24 | $4.0B | $3.0B | ||
| Q3 24 | $2.8B | $3.1B | ||
| Q2 24 | $1.5B | $3.0B | ||
| Q1 24 | $1.5B | $3.0B |
| Q4 25 | 1.86× | 1.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.80× | 1.18× | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.36× | — |
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 | $2.0M | $130.8M |
| Free Cash FlowOCF − Capex | $-13.0M | $112.7M |
| FCF MarginFCF / Revenue | -1.6% | 12.2% |
| Capex IntensityCapex / Revenue | 1.9% | 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 | $2.0M | $130.8M | ||
| Q3 25 | — | $9.1M | ||
| Q2 25 | $0 | $149.4M | ||
| Q1 25 | $65.0M | $40.1M | ||
| Q4 24 | $-58.0M | $102.7M | ||
| Q3 24 | $12.2M | $51.5M | ||
| Q2 24 | $38.0M | $137.5M | ||
| Q1 24 | $20.0M | $35.2M |
| Q4 25 | $-13.0M | $112.7M | ||
| Q3 25 | — | $-17.2M | ||
| Q2 25 | — | $131.1M | ||
| Q1 25 | $42.0M | $19.9M | ||
| Q4 24 | $-74.0M | $77.2M | ||
| Q3 24 | $3.6M | $33.7M | ||
| Q2 24 | $23.0M | $120.6M | ||
| Q1 24 | $12.5M | $19.7M |
| Q4 25 | -1.6% | 12.2% | ||
| Q3 25 | — | -1.8% | ||
| Q2 25 | — | 12.5% | ||
| Q1 25 | 5.1% | 2.0% | ||
| Q4 24 | -10.5% | 9.1% | ||
| Q3 24 | 1.1% | 3.7% | ||
| Q2 24 | 4.1% | 11.9% | ||
| Q1 24 | 2.2% | 2.1% |
| Q4 25 | 1.9% | 2.0% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | 1.5% | 1.7% | ||
| Q1 25 | 2.8% | 2.0% | ||
| Q4 24 | 2.3% | 3.0% | ||
| Q3 24 | 2.6% | 1.9% | ||
| Q2 24 | 2.7% | 1.7% | ||
| Q1 24 | 1.3% | 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 | 2.00× | 2.87× | ||
| Q1 24 | 1.43× | 1.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
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% |
