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Side-by-side financial comparison of Pattern Group Inc. (PTRN) and Spectrum Brands Holdings, Inc. (SPB). Click either name above to swap in a different company.

Spectrum Brands Holdings, Inc. is the larger business by last-quarter revenue ($677.0M vs $639.7M, roughly 1.1× Pattern Group Inc.). Spectrum Brands Holdings, Inc. runs the higher net margin — 4.2% vs -9.2%, a 13.4% gap on every dollar of revenue. Pattern Group Inc. produced more free cash flow last quarter ($75.7M vs $59.3M).

Pattern Energy Group LP is an American company that develops, owns and operates utility scale wind and solar power facilities in the United States, Canada, and Mexico. It is headquartered in San Francisco, California with an operations center in Houston, Texas.

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

PTRN vs SPB — Head-to-Head

Bigger by revenue
SPB
SPB
1.1× larger
SPB
$677.0M
$639.7M
PTRN
Higher net margin
SPB
SPB
13.4% more per $
SPB
4.2%
-9.2%
PTRN
More free cash flow
PTRN
PTRN
$16.4M more FCF
PTRN
$75.7M
$59.3M
SPB

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
PTRN
PTRN
SPB
SPB
Revenue
$639.7M
$677.0M
Net Profit
$-59.1M
$28.4M
Gross Margin
44.3%
35.7%
Operating Margin
-9.4%
4.0%
Net Margin
-9.2%
4.2%
Revenue YoY
-3.3%
Net Profit YoY
20.9%
EPS (diluted)
$-2.19
$1.21

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.

Revenue
PTRN
PTRN
SPB
SPB
Q4 25
$677.0M
Q3 25
$639.7M
$733.5M
Q2 25
$699.6M
Q1 25
$675.7M
Q4 24
$700.2M
Q3 24
$773.8M
Q2 24
$779.4M
Q1 24
$718.5M
Net Profit
PTRN
PTRN
SPB
SPB
Q4 25
$28.4M
Q3 25
$-59.1M
$55.6M
Q2 25
$19.9M
Q1 25
$900.0K
Q4 24
$23.5M
Q3 24
$28.5M
Q2 24
$6.1M
Q1 24
$61.1M
Gross Margin
PTRN
PTRN
SPB
SPB
Q4 25
35.7%
Q3 25
44.3%
35.0%
Q2 25
37.8%
Q1 25
37.5%
Q4 24
36.8%
Q3 24
37.2%
Q2 24
38.9%
Q1 24
38.1%
Operating Margin
PTRN
PTRN
SPB
SPB
Q4 25
4.0%
Q3 25
-9.4%
4.0%
Q2 25
4.5%
Q1 25
2.9%
Q4 24
6.4%
Q3 24
2.8%
Q2 24
6.1%
Q1 24
10.6%
Net Margin
PTRN
PTRN
SPB
SPB
Q4 25
4.2%
Q3 25
-9.2%
7.6%
Q2 25
2.8%
Q1 25
0.1%
Q4 24
3.4%
Q3 24
3.7%
Q2 24
0.8%
Q1 24
8.5%
EPS (diluted)
PTRN
PTRN
SPB
SPB
Q4 25
$1.21
Q3 25
$-2.19
$2.19
Q2 25
$0.80
Q1 25
$0.03
Q4 24
$0.84
Q3 24
$1.03
Q2 24
$0.21
Q1 24
$2.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PTRN
PTRN
SPB
SPB
Cash + ST InvestmentsLiquidity on hand
$312.8M
$126.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$541.4M
$1.9B
Total Assets
$843.1M
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTRN
PTRN
SPB
SPB
Q4 25
$126.6M
Q3 25
$312.8M
$123.6M
Q2 25
$122.0M
Q1 25
$96.0M
Q4 24
$179.9M
Q3 24
$368.9M
Q2 24
$306.8M
Q1 24
$1.2B
Total Debt
PTRN
PTRN
SPB
SPB
Q4 25
Q3 25
$496.1M
Q2 25
Q1 25
Q4 24
Q3 24
$496.1M
Q2 24
Q1 24
Stockholders' Equity
PTRN
PTRN
SPB
SPB
Q4 25
$1.9B
Q3 25
$541.4M
$1.9B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$2.0B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.3B
Total Assets
PTRN
PTRN
SPB
SPB
Q4 25
$3.4B
Q3 25
$843.1M
$3.4B
Q2 25
$3.5B
Q1 25
$3.5B
Q4 24
$3.6B
Q3 24
$3.8B
Q2 24
$3.8B
Q1 24
$4.8B
Debt / Equity
PTRN
PTRN
SPB
SPB
Q4 25
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
Q3 24
0.23×
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
PTRN
PTRN
SPB
SPB
Operating Cash FlowLast quarter
$90.9M
$67.4M
Free Cash FlowOCF − Capex
$75.7M
$59.3M
FCF MarginFCF / Revenue
11.8%
8.8%
Capex IntensityCapex / Revenue
2.4%
1.2%
Cash ConversionOCF / Net Profit
2.37×
TTM Free Cash FlowTrailing 4 quarters
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTRN
PTRN
SPB
SPB
Q4 25
$67.4M
Q3 25
$90.9M
$171.1M
Q2 25
$81.8M
Q1 25
$23.1M
Q4 24
$-72.4M
Q3 24
$80.7M
Q2 24
$82.7M
Q1 24
$3.5M
Free Cash Flow
PTRN
PTRN
SPB
SPB
Q4 25
$59.3M
Q3 25
$75.7M
$157.9M
Q2 25
$71.8M
Q1 25
$13.9M
Q4 24
$-78.3M
Q3 24
$67.7M
Q2 24
$72.6M
Q1 24
$-9.0M
FCF Margin
PTRN
PTRN
SPB
SPB
Q4 25
8.8%
Q3 25
11.8%
21.5%
Q2 25
10.3%
Q1 25
2.1%
Q4 24
-11.2%
Q3 24
8.7%
Q2 24
9.3%
Q1 24
-1.3%
Capex Intensity
PTRN
PTRN
SPB
SPB
Q4 25
1.2%
Q3 25
2.4%
1.8%
Q2 25
1.4%
Q1 25
1.4%
Q4 24
0.8%
Q3 24
1.7%
Q2 24
1.3%
Q1 24
1.7%
Cash Conversion
PTRN
PTRN
SPB
SPB
Q4 25
2.37×
Q3 25
3.08×
Q2 25
4.11×
Q1 25
25.67×
Q4 24
-3.08×
Q3 24
2.83×
Q2 24
13.56×
Q1 24
0.06×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PTRN
PTRN

Amazon.com$549.2M86%
Amazon Marketplaces International$43.4M7%
Other Online Marketplaces And Channels$39.4M6%
Saa S Logistics And Other Revenue$7.7M1%

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

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