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Side-by-side financial comparison of PATRICK INDUSTRIES INC (PATK) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
PATRICK INDUSTRIES INC is the larger business by last-quarter revenue ($924.2M vs $629.0M, roughly 1.5× Park Hotels & Resorts Inc.). PATRICK INDUSTRIES INC runs the higher net margin — 3.1% vs -32.6%, a 35.7% gap on every dollar of revenue. On growth, PATRICK INDUSTRIES INC posted the faster year-over-year revenue change (9.2% vs 0.6%). PATRICK INDUSTRIES INC produced more free cash flow last quarter ($112.7M vs $-3.0M). Over the past eight quarters, PATRICK INDUSTRIES INC's revenue compounded faster (-0.5% CAGR vs -0.8%).
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
PATK vs PK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $924.2M | $629.0M |
| Net Profit | $29.1M | $-205.0M |
| Gross Margin | 23.0% | — |
| Operating Margin | 6.2% | -26.1% |
| Net Margin | 3.1% | -32.6% |
| Revenue YoY | 9.2% | 0.6% |
| Net Profit YoY | 99.7% | -410.6% |
| EPS (diluted) | $0.82 | $-1.04 |
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 | $629.0M | ||
| Q3 25 | $975.6M | $610.0M | ||
| Q2 25 | $1.0B | $672.0M | ||
| Q1 25 | $1.0B | $630.0M | ||
| Q4 24 | $846.1M | $625.0M | ||
| Q3 24 | $919.4M | $649.0M | ||
| Q2 24 | $1.0B | $686.0M | ||
| Q1 24 | $933.5M | $639.0M |
| Q4 25 | $29.1M | $-205.0M | ||
| Q3 25 | $35.3M | $-16.0M | ||
| Q2 25 | $32.4M | $-5.0M | ||
| Q1 25 | $38.2M | $-57.0M | ||
| Q4 24 | $14.6M | $66.0M | ||
| Q3 24 | $40.9M | $54.0M | ||
| Q2 24 | $47.9M | $64.0M | ||
| Q1 24 | $35.1M | $28.0M |
| 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% | -26.1% | ||
| Q3 25 | 6.8% | 9.7% | ||
| Q2 25 | 8.3% | 9.7% | ||
| Q1 25 | 6.5% | 1.1% | ||
| Q4 24 | 4.7% | 13.3% | ||
| Q3 24 | 8.1% | 14.6% | ||
| Q2 24 | 8.3% | 17.6% | ||
| Q1 24 | 6.4% | 14.4% |
| Q4 25 | 3.1% | -32.6% | ||
| Q3 25 | 3.6% | -2.6% | ||
| Q2 25 | 3.1% | -0.7% | ||
| Q1 25 | 3.8% | -9.0% | ||
| Q4 24 | 1.7% | 10.6% | ||
| Q3 24 | 4.4% | 8.3% | ||
| Q2 24 | 4.7% | 9.3% | ||
| Q1 24 | 3.8% | 4.4% |
| Q4 25 | $0.82 | $-1.04 | ||
| Q3 25 | $1.01 | $-0.08 | ||
| Q2 25 | $0.96 | $-0.02 | ||
| Q1 25 | $1.11 | $-0.29 | ||
| Q4 24 | $-1.44 | $0.32 | ||
| Q3 24 | $1.80 | $0.26 | ||
| Q2 24 | $2.16 | $0.30 | ||
| Q1 24 | $1.59 | $0.13 |
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 | $232.0M |
| Total DebtLower is stronger | $1.3B | $3.9B |
| Stockholders' EquityBook value | $1.2B | $3.1B |
| Total Assets | $3.1B | $7.7B |
| Debt / EquityLower = less leverage | 1.10× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $232.0M | ||
| Q3 25 | $20.7M | $278.0M | ||
| Q2 25 | $22.0M | $319.0M | ||
| Q1 25 | $86.6M | $233.0M | ||
| Q4 24 | $33.6M | $402.0M | ||
| Q3 24 | $52.6M | $480.0M | ||
| Q2 24 | $44.0M | $449.0M | ||
| Q1 24 | $17.6M | $378.0M |
| Q4 25 | $1.3B | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | $1.3B | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | $1.2B | $3.1B | ||
| Q3 25 | $1.2B | $3.4B | ||
| Q2 25 | $1.1B | $3.4B | ||
| Q1 25 | $1.1B | $3.5B | ||
| Q4 24 | $1.1B | $3.6B | ||
| Q3 24 | $1.1B | $3.8B | ||
| Q2 24 | $1.1B | $3.8B | ||
| Q1 24 | $1.1B | $3.8B |
| Q4 25 | $3.1B | $7.7B | ||
| Q3 25 | $3.1B | $8.8B | ||
| Q2 25 | $3.1B | $8.9B | ||
| Q1 25 | $3.2B | $8.9B | ||
| Q4 24 | $3.0B | $9.2B | ||
| Q3 24 | $3.1B | $9.2B | ||
| Q2 24 | $3.0B | $9.2B | ||
| Q1 24 | $3.0B | $9.1B |
| Q4 25 | 1.10× | 1.23× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | 1.18× | 1.06× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.00× |
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 | $130.8M | $105.0M |
| Free Cash FlowOCF − Capex | $112.7M | $-3.0M |
| FCF MarginFCF / Revenue | 12.2% | -0.5% |
| Capex IntensityCapex / Revenue | 2.0% | 17.2% |
| Cash ConversionOCF / Net Profit | 4.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.5M | $102.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.8M | $105.0M | ||
| Q3 25 | $9.1M | $99.0M | ||
| Q2 25 | $149.4M | $108.0M | ||
| Q1 25 | $40.1M | $86.0M | ||
| Q4 24 | $102.7M | $80.0M | ||
| Q3 24 | $51.5M | $140.0M | ||
| Q2 24 | $137.5M | $117.0M | ||
| Q1 24 | $35.2M | $92.0M |
| Q4 25 | $112.7M | $-3.0M | ||
| Q3 25 | $-17.2M | $31.0M | ||
| Q2 25 | $131.1M | $65.0M | ||
| Q1 25 | $19.9M | $9.0M | ||
| Q4 24 | $77.2M | $17.0M | ||
| Q3 24 | $33.7M | $97.0M | ||
| Q2 24 | $120.6M | $66.0M | ||
| Q1 24 | $19.7M | $22.0M |
| Q4 25 | 12.2% | -0.5% | ||
| Q3 25 | -1.8% | 5.1% | ||
| Q2 25 | 12.5% | 9.7% | ||
| Q1 25 | 2.0% | 1.4% | ||
| Q4 24 | 9.1% | 2.7% | ||
| Q3 24 | 3.7% | 14.9% | ||
| Q2 24 | 11.9% | 9.6% | ||
| Q1 24 | 2.1% | 3.4% |
| Q4 25 | 2.0% | 17.2% | ||
| Q3 25 | 2.7% | 11.1% | ||
| Q2 25 | 1.7% | 6.4% | ||
| Q1 25 | 2.0% | 12.2% | ||
| Q4 24 | 3.0% | 10.1% | ||
| Q3 24 | 1.9% | 6.6% | ||
| Q2 24 | 1.7% | 7.4% | ||
| Q1 24 | 1.7% | 11.0% |
| Q4 25 | 4.50× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 4.61× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 7.05× | 1.21× | ||
| Q3 24 | 1.26× | 2.59× | ||
| Q2 24 | 2.87× | 1.83× | ||
| Q1 24 | 1.00× | 3.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
