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Side-by-side financial comparison of PACS Group, Inc. (PACS) and PATRICK INDUSTRIES INC (PATK). Click either name above to swap in a different company.

PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $924.2M, roughly 1.5× PATRICK INDUSTRIES INC). PACS Group, Inc. runs the higher net margin — 4.4% vs 3.1%, a 1.3% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 9.2%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs -0.5%).

PACS vs PATK — Head-to-Head

Bigger by revenue
PACS
PACS
1.5× larger
PACS
$1.4B
$924.2M
PATK
Growing faster (revenue YoY)
PACS
PACS
+9.2% gap
PACS
18.4%
9.2%
PATK
Higher net margin
PACS
PACS
1.3% more per $
PACS
4.4%
3.1%
PATK
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
-0.5%
PATK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PACS
PACS
PATK
PATK
Revenue
$1.4B
$924.2M
Net Profit
$59.7M
$29.1M
Gross Margin
23.0%
Operating Margin
7.0%
6.2%
Net Margin
4.4%
3.1%
Revenue YoY
18.4%
9.2%
Net Profit YoY
3022.5%
99.7%
EPS (diluted)
$0.42
$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.

Revenue
PACS
PACS
PATK
PATK
Q4 25
$1.4B
$924.2M
Q3 25
$1.3B
$975.6M
Q2 25
$1.3B
$1.0B
Q1 25
$1.3B
$1.0B
Q4 24
$1.1B
$846.1M
Q3 24
$1.0B
$919.4M
Q2 24
$981.4M
$1.0B
Q1 24
$934.3M
$933.5M
Net Profit
PACS
PACS
PATK
PATK
Q4 25
$59.7M
$29.1M
Q3 25
$52.4M
$35.3M
Q2 25
$51.0M
$32.4M
Q1 25
$28.5M
$38.2M
Q4 24
$1.9M
$14.6M
Q3 24
$15.6M
$40.9M
Q2 24
$-10.9M
$47.9M
Q1 24
$49.1M
$35.1M
Gross Margin
PACS
PACS
PATK
PATK
Q4 25
23.0%
Q3 25
22.6%
Q2 25
23.9%
Q1 25
22.8%
Q4 24
22.1%
Q3 24
17.1%
23.1%
Q2 24
22.3%
22.8%
Q1 24
21.2%
21.9%
Operating Margin
PACS
PACS
PATK
PATK
Q4 25
7.0%
6.2%
Q3 25
6.4%
6.8%
Q2 25
6.2%
8.3%
Q1 25
3.8%
6.5%
Q4 24
1.7%
4.7%
Q3 24
2.2%
8.1%
Q2 24
0.1%
8.3%
Q1 24
8.6%
6.4%
Net Margin
PACS
PACS
PATK
PATK
Q4 25
4.4%
3.1%
Q3 25
3.9%
3.6%
Q2 25
3.9%
3.1%
Q1 25
2.2%
3.8%
Q4 24
0.2%
1.7%
Q3 24
1.5%
4.4%
Q2 24
-1.1%
4.7%
Q1 24
5.3%
3.8%
EPS (diluted)
PACS
PACS
PATK
PATK
Q4 25
$0.42
$0.82
Q3 25
$0.32
$1.01
Q2 25
$0.31
$0.96
Q1 25
$0.17
$1.11
Q4 24
$-0.03
$-1.44
Q3 24
$0.10
$1.80
Q2 24
$-0.07
$2.16
Q1 24
$0.38
$1.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PACS
PACS
PATK
PATK
Cash + ST InvestmentsLiquidity on hand
$197.0M
$26.4M
Total DebtLower is stronger
$353.2M
$1.3B
Stockholders' EquityBook value
$946.8M
$1.2B
Total Assets
$5.6B
$3.1B
Debt / EquityLower = less leverage
0.37×
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACS
PACS
PATK
PATK
Q4 25
$197.0M
$26.4M
Q3 25
$355.7M
$20.7M
Q2 25
$294.2M
$22.0M
Q1 25
$287.5M
$86.6M
Q4 24
$157.7M
$33.6M
Q3 24
$49.5M
$52.6M
Q2 24
$73.4M
$44.0M
Q1 24
$81.2M
$17.6M
Total Debt
PACS
PACS
PATK
PATK
Q4 25
$353.2M
$1.3B
Q3 25
Q2 25
Q1 25
Q4 24
$411.9M
$1.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PACS
PACS
PATK
PATK
Q4 25
$946.8M
$1.2B
Q3 25
$871.3M
$1.2B
Q2 25
$806.8M
$1.1B
Q1 25
$750.2M
$1.1B
Q4 24
$709.6M
$1.1B
Q3 24
$660.0M
$1.1B
Q2 24
$572.1M
$1.1B
Q1 24
$128.0M
$1.1B
Total Assets
PACS
PACS
PATK
PATK
Q4 25
$5.6B
$3.1B
Q3 25
$5.6B
$3.1B
Q2 25
$5.5B
$3.1B
Q1 25
$5.5B
$3.2B
Q4 24
$5.2B
$3.0B
Q3 24
$4.5B
$3.1B
Q2 24
$3.9B
$3.0B
Q1 24
$3.9B
$3.0B
Debt / Equity
PACS
PACS
PATK
PATK
Q4 25
0.37×
1.10×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
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
PACS
PACS
PATK
PATK
Operating Cash FlowLast quarter
$-3.4M
$130.8M
Free Cash FlowOCF − Capex
$112.7M
FCF MarginFCF / Revenue
12.2%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
-0.06×
4.50×
TTM Free Cash FlowTrailing 4 quarters
$246.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACS
PACS
PATK
PATK
Q4 25
$-3.4M
$130.8M
Q3 25
$204.8M
$9.1M
Q2 25
$52.6M
$149.4M
Q1 25
$150.2M
$40.1M
Q4 24
$64.6M
$102.7M
Q3 24
$209.2M
$51.5M
Q2 24
$34.8M
$137.5M
Q1 24
$58.8M
$35.2M
Free Cash Flow
PACS
PACS
PATK
PATK
Q4 25
$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
FCF Margin
PACS
PACS
PATK
PATK
Q4 25
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%
Capex Intensity
PACS
PACS
PATK
PATK
Q4 25
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%
Cash Conversion
PACS
PACS
PATK
PATK
Q4 25
-0.06×
4.50×
Q3 25
3.91×
0.26×
Q2 25
1.03×
4.61×
Q1 25
5.28×
1.05×
Q4 24
33.78×
7.05×
Q3 24
13.39×
1.26×
Q2 24
2.87×
Q1 24
1.20×
1.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PACS
PACS

Segment breakdown not available.

PATK
PATK

Recreational Vehicle$276.3M30%
Distribution$222.4M24%
Marine$141.9M15%
Industrial$110.8M12%
Powersports$104.8M11%
Manufactured Housing$67.9M7%

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