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Side-by-side financial comparison of PATRICK INDUSTRIES INC (PATK) and Insulet Corporation (PODD). Click either name above to swap in a different company.
PATRICK INDUSTRIES INC is the larger business by last-quarter revenue ($924.2M vs $783.7M, roughly 1.2× Insulet Corporation). Insulet Corporation runs the higher net margin — 13.0% vs 3.1%, a 9.8% gap on every dollar of revenue. On growth, Insulet Corporation posted the faster year-over-year revenue change (31.2% vs 9.2%). PATRICK INDUSTRIES INC produced more free cash flow last quarter ($112.7M vs $48.2M). Over the past eight quarters, Insulet Corporation's revenue compounded faster (33.2% CAGR vs -0.5%).
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
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PATK vs PODD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $924.2M | $783.7M |
| Net Profit | $29.1M | $101.6M |
| Gross Margin | 23.0% | 72.6% |
| Operating Margin | 6.2% | 18.7% |
| Net Margin | 3.1% | 13.0% |
| Revenue YoY | 9.2% | 31.2% |
| Net Profit YoY | 99.7% | 0.9% |
| EPS (diluted) | $0.82 | $1.42 |
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 | $783.7M | ||
| Q3 25 | $975.6M | $706.3M | ||
| Q2 25 | $1.0B | $649.1M | ||
| Q1 25 | $1.0B | $569.0M | ||
| Q4 24 | $846.1M | $597.5M | ||
| Q3 24 | $919.4M | $543.9M | ||
| Q2 24 | $1.0B | $488.5M | ||
| Q1 24 | $933.5M | $441.7M |
| Q4 25 | $29.1M | $101.6M | ||
| Q3 25 | $35.3M | $87.6M | ||
| Q2 25 | $32.4M | $22.5M | ||
| Q1 25 | $38.2M | $35.4M | ||
| Q4 24 | $14.6M | $100.7M | ||
| Q3 24 | $40.9M | $77.5M | ||
| Q2 24 | $47.9M | $188.6M | ||
| Q1 24 | $35.1M | $51.5M |
| Q4 25 | 23.0% | 72.6% | ||
| Q3 25 | 22.6% | 72.2% | ||
| Q2 25 | 23.9% | 69.7% | ||
| Q1 25 | 22.8% | 71.9% | ||
| Q4 24 | 22.1% | 72.1% | ||
| Q3 24 | 23.1% | 69.3% | ||
| Q2 24 | 22.8% | 67.7% | ||
| Q1 24 | 21.9% | 69.5% |
| Q4 25 | 6.2% | 18.7% | ||
| Q3 25 | 6.8% | 16.7% | ||
| Q2 25 | 8.3% | 18.7% | ||
| Q1 25 | 6.5% | 15.6% | ||
| Q4 24 | 4.7% | 18.3% | ||
| Q3 24 | 8.1% | 16.2% | ||
| Q2 24 | 8.3% | 11.2% | ||
| Q1 24 | 6.4% | 12.9% |
| Q4 25 | 3.1% | 13.0% | ||
| Q3 25 | 3.6% | 12.4% | ||
| Q2 25 | 3.1% | 3.5% | ||
| Q1 25 | 3.8% | 6.2% | ||
| Q4 24 | 1.7% | 16.9% | ||
| Q3 24 | 4.4% | 14.2% | ||
| Q2 24 | 4.7% | 38.6% | ||
| Q1 24 | 3.8% | 11.7% |
| Q4 25 | $0.82 | $1.42 | ||
| Q3 25 | $1.01 | $1.24 | ||
| Q2 25 | $0.96 | $0.32 | ||
| Q1 25 | $1.11 | $0.50 | ||
| Q4 24 | $-1.44 | $1.38 | ||
| Q3 24 | $1.80 | $1.08 | ||
| Q2 24 | $2.16 | $2.59 | ||
| Q1 24 | $1.59 | $0.73 |
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 | $930.8M |
| Stockholders' EquityBook value | $1.2B | $1.5B |
| Total Assets | $3.1B | $3.2B |
| Debt / EquityLower = less leverage | 1.10× | 0.61× |
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 | $33.6M | — | ||
| Q3 24 | $52.6M | — | ||
| Q2 24 | $44.0M | — | ||
| Q1 24 | $17.6M | — |
| Q4 25 | $1.3B | $930.8M | ||
| Q3 25 | — | $934.9M | ||
| Q2 25 | — | $939.0M | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $998.4M | ||
| Q1 24 | $1.1B | $790.7M |
| Q4 25 | $3.1B | $3.2B | ||
| Q3 25 | $3.1B | $3.0B | ||
| Q2 25 | $3.1B | $3.5B | ||
| Q1 25 | $3.2B | $3.5B | ||
| Q4 24 | $3.0B | $3.1B | ||
| Q3 24 | $3.1B | $3.0B | ||
| Q2 24 | $3.0B | $2.9B | ||
| Q1 24 | $3.0B | $2.6B |
| Q4 25 | 1.10× | 0.61× | ||
| Q3 25 | — | 0.68× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | 1.18× | 1.07× | ||
| Q3 24 | — | 1.21× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.72× |
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 | $183.3M |
| Free Cash FlowOCF − Capex | $112.7M | $48.2M |
| FCF MarginFCF / Revenue | 12.2% | 6.2% |
| Capex IntensityCapex / Revenue | 2.0% | 17.2% |
| Cash ConversionOCF / Net Profit | 4.50× | 1.80× |
| TTM Free Cash FlowTrailing 4 quarters | $246.5M | $377.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.8M | $183.3M | ||
| Q3 25 | $9.1M | $125.7M | ||
| Q2 25 | $149.4M | $196.5M | ||
| Q1 25 | $40.1M | $63.8M | ||
| Q4 24 | $102.7M | $147.7M | ||
| Q3 24 | $51.5M | $98.5M | ||
| Q2 24 | $137.5M | $96.5M | ||
| Q1 24 | $35.2M | $87.6M |
| Q4 25 | $112.7M | $48.2M | ||
| Q3 25 | $-17.2M | $100.1M | ||
| Q2 25 | $131.1M | $177.9M | ||
| Q1 25 | $19.9M | $51.5M | ||
| Q4 24 | $77.2M | $94.1M | ||
| Q3 24 | $33.7M | $71.8M | ||
| Q2 24 | $120.6M | $74.0M | ||
| Q1 24 | $19.7M | $65.5M |
| Q4 25 | 12.2% | 6.2% | ||
| Q3 25 | -1.8% | 14.2% | ||
| Q2 25 | 12.5% | 27.4% | ||
| Q1 25 | 2.0% | 9.1% | ||
| Q4 24 | 9.1% | 15.7% | ||
| Q3 24 | 3.7% | 13.2% | ||
| Q2 24 | 11.9% | 15.1% | ||
| Q1 24 | 2.1% | 14.8% |
| Q4 25 | 2.0% | 17.2% | ||
| Q3 25 | 2.7% | 3.6% | ||
| Q2 25 | 1.7% | 2.9% | ||
| Q1 25 | 2.0% | 2.2% | ||
| Q4 24 | 3.0% | 9.0% | ||
| Q3 24 | 1.9% | 4.9% | ||
| Q2 24 | 1.7% | 4.6% | ||
| Q1 24 | 1.7% | 5.0% |
| Q4 25 | 4.50× | 1.80× | ||
| Q3 25 | 0.26× | 1.43× | ||
| Q2 25 | 4.61× | 8.73× | ||
| Q1 25 | 1.05× | 1.80× | ||
| Q4 24 | 7.05× | 1.47× | ||
| Q3 24 | 1.26× | 1.27× | ||
| Q2 24 | 2.87× | 0.51× | ||
| Q1 24 | 1.00× | 1.70× |
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% |
PODD
| U.S.Omnipod | $567.8M | 72% |
| International Omnipod | $214.0M | 27% |
| Drug Delivery | $1.9M | 0% |
