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Side-by-side financial comparison of PATRICK INDUSTRIES INC (PATK) and SM Energy Co (SM). Click either name above to swap in a different company.
PATRICK INDUSTRIES INC is the larger business by last-quarter revenue ($924.2M vs $704.9M, roughly 1.3× SM Energy Co). On growth, PATRICK INDUSTRIES INC posted the faster year-over-year revenue change (9.2% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs -0.5%).
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
PATK vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $924.2M | $704.9M |
| Net Profit | $29.1M | — |
| Gross Margin | 23.0% | — |
| Operating Margin | 6.2% | 25.9% |
| Net Margin | 3.1% | — |
| Revenue YoY | 9.2% | -17.3% |
| Net Profit YoY | 99.7% | — |
| EPS (diluted) | $0.82 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $975.6M | $811.6M | ||
| Q2 25 | $1.0B | $792.9M | ||
| Q1 25 | $1.0B | $844.5M | ||
| Q4 24 | $846.1M | $852.0M | ||
| Q3 24 | $919.4M | $643.6M | ||
| Q2 24 | $1.0B | $634.6M | ||
| Q1 24 | $933.5M | $559.9M |
| Q4 25 | $29.1M | — | ||
| Q3 25 | $35.3M | $155.1M | ||
| Q2 25 | $32.4M | $201.7M | ||
| Q1 25 | $38.2M | $182.3M | ||
| Q4 24 | $14.6M | — | ||
| Q3 24 | $40.9M | $240.5M | ||
| Q2 24 | $47.9M | $210.3M | ||
| Q1 24 | $35.1M | $131.2M |
| 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% | 25.9% | ||
| Q3 25 | 6.8% | 30.4% | ||
| Q2 25 | 8.3% | 37.2% | ||
| Q1 25 | 6.5% | 32.7% | ||
| Q4 24 | 4.7% | 33.7% | ||
| Q3 24 | 8.1% | 51.4% | ||
| Q2 24 | 8.3% | 44.0% | ||
| Q1 24 | 6.4% | 31.9% |
| Q4 25 | 3.1% | — | ||
| Q3 25 | 3.6% | 19.1% | ||
| Q2 25 | 3.1% | 25.4% | ||
| Q1 25 | 3.8% | 21.6% | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 4.4% | 37.4% | ||
| Q2 24 | 4.7% | 33.1% | ||
| Q1 24 | 3.8% | 23.4% |
| Q4 25 | $0.82 | $0.94 | ||
| Q3 25 | $1.01 | $1.35 | ||
| Q2 25 | $0.96 | $1.76 | ||
| Q1 25 | $1.11 | $1.59 | ||
| Q4 24 | $-1.44 | $1.63 | ||
| Q3 24 | $1.80 | $2.09 | ||
| Q2 24 | $2.16 | $1.82 | ||
| Q1 24 | $1.59 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.2B | $4.8B |
| Total Assets | $3.1B | $9.3B |
| Debt / EquityLower = less leverage | 1.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $368.0M | ||
| Q3 25 | $20.7M | $162.3M | ||
| Q2 25 | $22.0M | $101.9M | ||
| Q1 25 | $86.6M | $54.0K | ||
| Q4 24 | $33.6M | — | ||
| Q3 24 | $52.6M | $1.7B | ||
| Q2 24 | $44.0M | $487.9M | ||
| Q1 24 | $17.6M | $506.3M |
| Q4 25 | $1.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $4.8B | ||
| Q3 25 | $1.2B | $4.7B | ||
| Q2 25 | $1.1B | $4.6B | ||
| Q1 25 | $1.1B | $4.4B | ||
| Q4 24 | $1.1B | $4.2B | ||
| Q3 24 | $1.1B | $4.1B | ||
| Q2 24 | $1.1B | $3.8B | ||
| Q1 24 | $1.1B | $3.7B |
| Q4 25 | $3.1B | $9.3B | ||
| Q3 25 | $3.1B | $9.1B | ||
| Q2 25 | $3.1B | $9.0B | ||
| Q1 25 | $3.2B | $8.8B | ||
| Q4 24 | $3.0B | $8.6B | ||
| Q3 24 | $3.1B | $8.0B | ||
| Q2 24 | $3.0B | $6.7B | ||
| Q1 24 | $3.0B | $6.4B |
| 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 | $451.9M |
| Free Cash FlowOCF − Capex | $112.7M | — |
| FCF MarginFCF / Revenue | 12.2% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | 4.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.8M | $451.9M | ||
| Q3 25 | $9.1M | $505.0M | ||
| Q2 25 | $149.4M | $571.1M | ||
| Q1 25 | $40.1M | $483.0M | ||
| Q4 24 | $102.7M | $578.4M | ||
| Q3 24 | $51.5M | $452.3M | ||
| Q2 24 | $137.5M | $476.4M | ||
| Q1 24 | $35.2M | $276.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 4.50× | — | ||
| Q3 25 | 0.26× | 3.26× | ||
| Q2 25 | 4.61× | 2.83× | ||
| Q1 25 | 1.05× | 2.65× | ||
| Q4 24 | 7.05× | — | ||
| Q3 24 | 1.26× | 1.88× | ||
| Q2 24 | 2.87× | 2.27× | ||
| Q1 24 | 1.00× | 2.10× |
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% |
SM
Segment breakdown not available.
