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Side-by-side financial comparison of PATRICK INDUSTRIES INC (PATK) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
PATRICK INDUSTRIES INC is the larger business by last-quarter revenue ($924.2M vs $766.5M, roughly 1.2× SCANSOURCE, INC.). PATRICK INDUSTRIES INC runs the higher net margin — 3.1% vs 2.2%, a 1.0% gap on every dollar of revenue. On growth, PATRICK INDUSTRIES INC posted the faster year-over-year revenue change (9.2% vs 2.5%). PATRICK INDUSTRIES INC produced more free cash flow last quarter ($112.7M vs $28.9M). Over the past eight quarters, SCANSOURCE, INC.'s revenue compounded faster (0.9% CAGR vs -0.5%).
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
PATK vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $924.2M | $766.5M |
| Net Profit | $29.1M | $16.5M |
| Gross Margin | 23.0% | 13.4% |
| Operating Margin | 6.2% | 2.3% |
| Net Margin | 3.1% | 2.2% |
| Revenue YoY | 9.2% | 2.5% |
| Net Profit YoY | 99.7% | -3.3% |
| EPS (diluted) | $0.82 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $975.6M | $739.6M | ||
| Q2 25 | $1.0B | $812.9M | ||
| Q1 25 | $1.0B | $704.8M | ||
| Q4 24 | $846.1M | $747.5M | ||
| Q3 24 | $919.4M | $775.6M | ||
| Q2 24 | $1.0B | $746.1M | ||
| Q1 24 | $933.5M | $752.6M |
| Q4 25 | $29.1M | $16.5M | ||
| Q3 25 | $35.3M | $19.9M | ||
| Q2 25 | $32.4M | $20.1M | ||
| Q1 25 | $38.2M | $17.4M | ||
| Q4 24 | $14.6M | $17.1M | ||
| Q3 24 | $40.9M | $17.0M | ||
| Q2 24 | $47.9M | $16.1M | ||
| Q1 24 | $35.1M | $12.8M |
| Q4 25 | 23.0% | 13.4% | ||
| Q3 25 | 22.6% | 14.5% | ||
| Q2 25 | 23.9% | 12.9% | ||
| Q1 25 | 22.8% | 14.2% | ||
| Q4 24 | 22.1% | 13.6% | ||
| Q3 24 | 23.1% | 13.1% | ||
| Q2 24 | 22.8% | 13.0% | ||
| Q1 24 | 21.9% | 12.6% |
| Q4 25 | 6.2% | 2.3% | ||
| Q3 25 | 6.8% | 3.5% | ||
| Q2 25 | 8.3% | 3.3% | ||
| Q1 25 | 6.5% | 3.2% | ||
| Q4 24 | 4.7% | 2.5% | ||
| Q3 24 | 8.1% | 2.3% | ||
| Q2 24 | 8.3% | 2.9% | ||
| Q1 24 | 6.4% | 2.3% |
| Q4 25 | 3.1% | 2.2% | ||
| Q3 25 | 3.6% | 2.7% | ||
| Q2 25 | 3.1% | 2.5% | ||
| Q1 25 | 3.8% | 2.5% | ||
| Q4 24 | 1.7% | 2.3% | ||
| Q3 24 | 4.4% | 2.2% | ||
| Q2 24 | 4.7% | 2.2% | ||
| Q1 24 | 3.8% | 1.7% |
| Q4 25 | $0.82 | $0.75 | ||
| Q3 25 | $1.01 | $0.89 | ||
| Q2 25 | $0.96 | $0.87 | ||
| Q1 25 | $1.11 | $0.74 | ||
| Q4 24 | $-1.44 | $0.70 | ||
| Q3 24 | $1.80 | $0.69 | ||
| Q2 24 | $2.16 | $0.66 | ||
| Q1 24 | $1.59 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.2B | $910.9M |
| Total Assets | $3.1B | $1.7B |
| Debt / EquityLower = less leverage | 1.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $83.5M | ||
| Q3 25 | $20.7M | $124.9M | ||
| Q2 25 | $22.0M | $126.2M | ||
| Q1 25 | $86.6M | $146.3M | ||
| Q4 24 | $33.6M | $110.5M | ||
| Q3 24 | $52.6M | $145.0M | ||
| Q2 24 | $44.0M | $185.5M | ||
| Q1 24 | $17.6M | $159.1M |
| Q4 25 | $1.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $910.9M | ||
| Q3 25 | $1.2B | $914.0M | ||
| Q2 25 | $1.1B | $906.4M | ||
| Q1 25 | $1.1B | $901.7M | ||
| Q4 24 | $1.1B | $900.7M | ||
| Q3 24 | $1.1B | $920.9M | ||
| Q2 24 | $1.1B | $924.3M | ||
| Q1 24 | $1.1B | $944.1M |
| Q4 25 | $3.1B | $1.7B | ||
| Q3 25 | $3.1B | $1.7B | ||
| Q2 25 | $3.1B | $1.8B | ||
| Q1 25 | $3.2B | $1.7B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $3.0B | $1.8B | ||
| Q1 24 | $3.0B | $1.8B |
| 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 | $130.8M | $30.8M |
| Free Cash FlowOCF − Capex | $112.7M | $28.9M |
| FCF MarginFCF / Revenue | 12.2% | 3.8% |
| Capex IntensityCapex / Revenue | 2.0% | 0.3% |
| Cash ConversionOCF / Net Profit | 4.50× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $246.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.8M | $30.8M | ||
| Q3 25 | $9.1M | $23.2M | ||
| Q2 25 | $149.4M | — | ||
| Q1 25 | $40.1M | $66.1M | ||
| Q4 24 | $102.7M | $-6.2M | ||
| Q3 24 | $51.5M | $44.8M | ||
| Q2 24 | $137.5M | — | ||
| Q1 24 | $35.2M | $160.2M |
| Q4 25 | $112.7M | $28.9M | ||
| Q3 25 | $-17.2M | $20.8M | ||
| Q2 25 | $131.1M | — | ||
| Q1 25 | $19.9M | $64.6M | ||
| Q4 24 | $77.2M | $-8.2M | ||
| Q3 24 | $33.7M | $42.5M | ||
| Q2 24 | $120.6M | — | ||
| Q1 24 | $19.7M | $157.7M |
| Q4 25 | 12.2% | 3.8% | ||
| Q3 25 | -1.8% | 2.8% | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 2.0% | 9.2% | ||
| Q4 24 | 9.1% | -1.1% | ||
| Q3 24 | 3.7% | 5.5% | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 2.1% | 21.0% |
| Q4 25 | 2.0% | 0.3% | ||
| Q3 25 | 2.7% | 0.3% | ||
| Q2 25 | 1.7% | 0.3% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 3.0% | 0.3% | ||
| Q3 24 | 1.9% | 0.3% | ||
| Q2 24 | 1.7% | 0.2% | ||
| Q1 24 | 1.7% | 0.3% |
| Q4 25 | 4.50× | 1.87× | ||
| Q3 25 | 0.26× | 1.17× | ||
| Q2 25 | 4.61× | — | ||
| Q1 25 | 1.05× | 3.79× | ||
| Q4 24 | 7.05× | -0.36× | ||
| Q3 24 | 1.26× | 2.64× | ||
| Q2 24 | 2.87× | — | ||
| Q1 24 | 1.00× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
