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Side-by-side financial comparison of PATRICK INDUSTRIES INC (PATK) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $924.2M, roughly 1.5× PATRICK INDUSTRIES INC). PATRICK INDUSTRIES INC runs the higher net margin — 3.1% vs 3.1%, a 0.0% gap on every dollar of revenue. On growth, PATRICK INDUSTRIES INC posted the faster year-over-year revenue change (9.2% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $112.7M). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% CAGR vs -0.5%).
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
PATK vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $924.2M | $1.4B |
| Net Profit | $29.1M | $43.8M |
| Gross Margin | 23.0% | 28.6% |
| Operating Margin | 6.2% | 11.4% |
| Net Margin | 3.1% | 3.1% |
| Revenue YoY | 9.2% | 2.6% |
| Net Profit YoY | 99.7% | 700.0% |
| EPS (diluted) | $0.82 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $975.6M | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $846.1M | $1.4B | ||
| Q3 24 | $919.4M | $1.3B | ||
| Q2 24 | $1.0B | $1.3B | ||
| Q1 24 | $933.5M | $1.3B |
| Q4 25 | $29.1M | $43.8M | ||
| Q3 25 | $35.3M | $255.1M | ||
| Q2 25 | $32.4M | $93.1M | ||
| Q1 25 | $38.2M | $113.5M | ||
| Q4 24 | $14.6M | $-7.3M | ||
| Q3 24 | $40.9M | $91.7M | ||
| Q2 24 | $47.9M | $98.3M | ||
| Q1 24 | $35.1M | $82.0M |
| Q4 25 | 23.0% | 28.6% | ||
| Q3 25 | 22.6% | 29.8% | ||
| Q2 25 | 23.9% | 30.7% | ||
| Q1 25 | 22.8% | 30.9% | ||
| Q4 24 | 22.1% | 30.0% | ||
| Q3 24 | 23.1% | 30.1% | ||
| Q2 24 | 22.8% | 31.2% | ||
| Q1 24 | 21.9% | 30.3% |
| Q4 25 | 6.2% | 11.4% | ||
| Q3 25 | 6.8% | 13.8% | ||
| Q2 25 | 8.3% | 15.0% | ||
| Q1 25 | 6.5% | 14.5% | ||
| Q4 24 | 4.7% | 11.7% | ||
| Q3 24 | 8.1% | 13.9% | ||
| Q2 24 | 8.3% | 15.4% | ||
| Q1 24 | 6.4% | 14.0% |
| Q4 25 | 3.1% | 3.1% | ||
| Q3 25 | 3.6% | 19.0% | ||
| Q2 25 | 3.1% | 7.0% | ||
| Q1 25 | 3.8% | 9.0% | ||
| Q4 24 | 1.7% | -0.5% | ||
| Q3 24 | 4.4% | 6.9% | ||
| Q2 24 | 4.7% | 7.4% | ||
| Q1 24 | 3.8% | 6.2% |
| Q4 25 | $0.82 | $0.30 | ||
| Q3 25 | $1.01 | $1.73 | ||
| Q2 25 | $0.96 | $0.63 | ||
| Q1 25 | $1.11 | $0.77 | ||
| Q4 24 | $-1.44 | $-0.05 | ||
| Q3 24 | $1.80 | $0.63 | ||
| Q2 24 | $2.16 | $0.67 | ||
| Q1 24 | $1.59 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $1.3B | $3.3B |
| Stockholders' EquityBook value | $1.2B | $1.2B |
| Total Assets | $3.1B | $7.0B |
| Debt / EquityLower = less leverage | 1.10× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $344.0M | ||
| Q3 25 | $20.7M | $282.5M | ||
| Q2 25 | $22.0M | $354.4M | ||
| Q1 25 | $86.6M | $335.2M | ||
| Q4 24 | $33.6M | $371.8M | ||
| Q3 24 | $52.6M | $386.0M | ||
| Q2 24 | $44.0M | $388.6M | ||
| Q1 24 | $17.6M | $352.8M |
| Q4 25 | $1.3B | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $1.3B | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $953.1M | ||
| Q1 25 | $1.1B | $797.9M | ||
| Q4 24 | $1.1B | $624.5M | ||
| Q3 24 | $1.1B | $771.2M | ||
| Q2 24 | $1.1B | $650.1M | ||
| Q1 24 | $1.1B | $598.3M |
| Q4 25 | $3.1B | $7.0B | ||
| Q3 25 | $3.1B | $7.1B | ||
| Q2 25 | $3.1B | $7.2B | ||
| Q1 25 | $3.2B | $7.0B | ||
| Q4 24 | $3.0B | $7.0B | ||
| Q3 24 | $3.1B | $7.3B | ||
| Q2 24 | $3.0B | $7.3B | ||
| Q1 24 | $3.0B | $7.2B |
| Q4 25 | 1.10× | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | 1.18× | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $112.7M | $257.7M |
| FCF MarginFCF / Revenue | 12.2% | 18.5% |
| Capex IntensityCapex / Revenue | 2.0% | 2.6% |
| Cash ConversionOCF / Net Profit | 4.50× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $246.5M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.8M | $293.6M | ||
| Q3 25 | $9.1M | $165.9M | ||
| Q2 25 | $149.4M | $136.6M | ||
| Q1 25 | $40.1M | $31.9M | ||
| Q4 24 | $102.7M | $244.2M | ||
| Q3 24 | $51.5M | $170.5M | ||
| Q2 24 | $137.5M | $188.2M | ||
| Q1 24 | $35.2M | $125.1M |
| Q4 25 | $112.7M | $257.7M | ||
| Q3 25 | $-17.2M | $119.6M | ||
| Q2 25 | $131.1M | $93.2M | ||
| Q1 25 | $19.9M | $-12.0M | ||
| Q4 24 | $77.2M | $185.1M | ||
| Q3 24 | $33.7M | $115.2M | ||
| Q2 24 | $120.6M | $129.5M | ||
| Q1 24 | $19.7M | $78.0M |
| Q4 25 | 12.2% | 18.5% | ||
| Q3 25 | -1.8% | 8.9% | ||
| Q2 25 | 12.5% | 7.0% | ||
| Q1 25 | 2.0% | -0.9% | ||
| Q4 24 | 9.1% | 13.6% | ||
| Q3 24 | 3.7% | 8.6% | ||
| Q2 24 | 11.9% | 9.7% | ||
| Q1 24 | 2.1% | 5.9% |
| Q4 25 | 2.0% | 2.6% | ||
| Q3 25 | 2.7% | 3.4% | ||
| Q2 25 | 1.7% | 3.3% | ||
| Q1 25 | 2.0% | 3.5% | ||
| Q4 24 | 3.0% | 4.4% | ||
| Q3 24 | 1.9% | 4.1% | ||
| Q2 24 | 1.7% | 4.4% | ||
| Q1 24 | 1.7% | 3.6% |
| Q4 25 | 4.50× | 6.70× | ||
| Q3 25 | 0.26× | 0.65× | ||
| Q2 25 | 4.61× | 1.47× | ||
| Q1 25 | 1.05× | 0.28× | ||
| Q4 24 | 7.05× | — | ||
| Q3 24 | 1.26× | 1.86× | ||
| Q2 24 | 2.87× | 1.91× | ||
| Q1 24 | 1.00× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
