Patrick Industries Inc. (PATK) financial statements: income statement, balance sheet and cash flow
Patrick Industries Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Patrick Industries Inc. reported revenue of $4.0B (+6.3% year on year) and net income of $135.1M (-2.4% year on year).
Income statement
Patrick Industries Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$4.0B
$3.7B
$3.5B
$4.9B
Cost of goods sold
$3.0B
$2.9B
$2.7B
$3.8B
Gross profit
$912.9M
$835.9M
$782.2M
$1.1B
Warehouse and delivery
$178.0M
$155.8M
$143.9M
$163.0M
Selling, general and administrative
$361.6M
$325.8M
$299.4M
$327.5M
Amortization of intangible assets
$97.3M
$96.3M
$78.7M
$73.2M
Total operating expenses
$636.9M
$577.9M
$522.0M
$563.8M
Operating Income
$276.0M
$258.0M
$260.2M
$496.2M
Interest expense, net
$74.5M
$79.5M
$68.9M
$60.8M
Other expenses
$24.4M
—
—
—
Income before income taxes
$177.1M
$178.6M
$191.3M
$435.4M
Income taxes
$42.0M
$40.2M
$48.4M
$107.2M
Net income
$135.1M
$138.4M
$142.9M
$328.2M
Basic earnings per common share (in dollars per share)
$4.16
$4.25
$6.64
$14.82
Diluted earnings per common share (in dollars per share)
$3.90
$4.11
$6.50
$13.49
Weighted average shares outstanding - Basic (in shares)
32.5M
32.6M
21.5M
22.1M
Weighted average shares outstanding - Diluted (in shares)
34.6M
33.7M
22.0M
24.5M
Patrick Industries Inc. income statement, quarters
Line item
Jun 28, 2026 · Q2
Mar 29, 2026 · Q1
Sep 28, 2025 · Q3
Jun 29, 2025 · Q2
Net sales
$1.0B
$997.2M
$975.6M
$1.0B
Cost of goods sold
$794.1M
$770.3M
$754.7M
$796.9M
Gross profit
$247.6M
$226.9M
$221.0M
$250.6M
Warehouse and delivery
$50.6M
$45.0M
$44.4M
$46.1M
Selling, general and administrative
$96.2M
$93.1M
$86.0M
$93.2M
Amortization of intangible assets
$23.7M
$24.0M
$24.2M
$24.6M
Total operating expenses
$170.5M
$162.1M
$154.7M
$163.9M
Operating income
$77.0M
$64.7M
$66.3M
$86.7M
Interest expense, net
$19.0M
$18.4M
$18.5M
$18.9M
Other expenses
$0
—
$0
$24.4M
Income before income taxes
$58.1M
$46.3M
$47.8M
$43.4M
Income taxes
$14.6M
$6.9M
$12.5M
$11.0M
Net income
$43.4M
$39.5M
$35.3M
$32.4M
Basic earnings per common share (in dollars per share)
$1.36
$1.21
$1.09
$1.00
Diluted earnings per common share (in dollars per share)
$1.28
$1.10
$1.01
$0.96
Weighted average shares outstanding - Basic (in shares)
31.9M
32.5M
32.4M
32.5M
Weighted average shares outstanding - Diluted (in shares)
34.0M
36.0M
35.1M
33.8M
Balance sheet
Patrick Industries Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$26.4M
$33.6M
$11.4M
$22.8M
Trade and other receivables, net
$185.4M
$178.2M
$163.8M
$172.9M
Inventories
$595.3M
$551.6M
$510.1M
$667.8M
Prepaid expenses and other
$66.0M
$59.2M
$49.3M
$46.3M
Total current assets
$873.1M
$822.6M
$734.6M
$909.9M
Property, plant and equipment, net
$408.5M
$384.9M
$353.6M
$350.6M
Operating lease right-of-use-assets
$199.1M
$200.7M
$177.7M
$163.7M
Goodwill
$840.1M
$797.2M
$637.4M
$629.3M
Intangible assets, net
$742.6M
$802.9M
$651.2M
$720.2M
Other non-current assets
$12.8M
$12.6M
$7.9M
$8.8M
Total assets
$3.1B
$3.0B
$2.6B
$2.8B
Current maturities of long-term debt
$6.3M
$6.3M
$7.5M
$7.5M
Current operating lease liabilities
$55.0M
$53.7M
$48.8M
$44.2M
Accounts payable
$192.4M
$187.9M
$140.5M
$142.9M
Accrued liabilities
$94.4M
$105.8M
$111.7M
$172.6M
Other current liabilities
$424.0K
—
—
—
Total current liabilities
$348.5M
$353.6M
$308.5M
$367.2M
Long-term debt, less current maturities, net
$1.3B
$1.3B
$1.0B
$1.3B
Long-term operating lease liabilities
$148.9M
$151.0M
$132.4M
$122.5M
Deferred tax liabilities, net
$96.9M
$61.3M
$46.7M
$48.4M
Other long-term liabilities
$14.8M
$14.9M
$11.1M
$13.1M
Total liabilities
$1.9B
$1.9B
$1.5B
$1.8B
Preferred stock, no par value; authorized 1,000,000 shares; none issued or outstanding
0
0
0
0
Common stock, no par value, 60,000,000 shares authorized 33,224,772 and 33,567,048 issued and outstanding as of December 31, 2025 and 2024, respectively
208.2M
202.4M
203.3M
197.0M
Accumulated other comprehensive loss
($876.0K)
($926.0K)
($999.0K)
($695.0K)
Retained earnings
$977.0M
$926.9M
$843.1M
$758.9M
Total shareholders' equity
$1.2B
$1.1B
$1.0B
$955.2M
Total liabilities and shareholders' equity
$3.1B
$3.0B
$2.6B
$2.8B
Patrick Industries Inc. balance sheet, quarters
Line item
Jun 28, 2026
Mar 29, 2026
Sep 28, 2025
Jun 29, 2025
Cash and cash equivalents
$29.2M
$37.5M
$20.7M
$22.0M
Trade and other receivables, net
$276.9M
$285.4M
$278.4M
$270.1M
Inventories
$653.3M
$626.1M
$599.7M
$554.6M
Prepaid expenses and other
$63.2M
$65.8M
$53.1M
$53.2M
Total current assets
$1.0B
$1.0B
$951.9M
$900.0M
Property, plant and equipment, net
$410.2M
$414.0M
$412.1M
$406.9M
Operating lease right-of-use assets
$227.5M
$216.1M
$201.2M
$190.6M
Goodwill
$839.7M
$839.7M
$815.1M
$801.8M
Intangible assets, net
$699.3M
$721.5M
$753.5M
$766.3M
Other non-current assets
$12.0M
$12.4M
$13.4M
$13.7M
Total assets
$3.2B
$3.2B
$3.1B
$3.1B
Current maturities of long-term debt
$6.3M
$6.3M
$6.3M
$6.3M
Current operating lease liabilities
$58.0M
$57.2M
$54.6M
$55.2M
Accounts payable
$224.5M
$217.6M
$222.0M
$284.5M
Accrued liabilities
$94.1M
$92.5M
$124.6M
$114.4M
Other current liabilities
$416.0K
$430.0K
—
—
Total current liabilities
$383.3M
$374.0M
$407.6M
$460.3M
Long-term debt, less current maturities, net
$1.4B
$1.4B
$1.3B
$1.3B
Long-term operating lease liabilities
$174.7M
$163.8M
$151.0M
$139.7M
Deferred tax liabilities, net
$96.1M
$100.7M
$83.1M
$53.6M
Other long-term liabilities
$13.7M
$13.2M
$16.6M
$16.2M
Total liabilities
$2.1B
$2.0B
$2.0B
$1.9B
Preferred shares, no par value per share, 1,000,000 shares authorized, none issued and outstanding
$0.00
$0.00
$0.00
$0.00
Common stock, no par value per share, 60,000,000 shares authorized, 32,124,821 and 33,224,772 issued and outstanding as of June 28, 2026 and December 31, 2025, respectively
$201986000.00
$202231000.00
$206324000.00
$202765000.00
Accumulated other comprehensive loss
($1.1M)
($825.0K)
($932.0K)
($928.0K)
Retained earnings
$930.1M
$987.0M
$963.1M
$941.3M
Total shareholders' equity
$1.1B
$1.2B
$1.2B
$1.1B
Total liabilities and shareholders' equity
$3.2B
$3.2B
$3.1B
$3.1B
Cash flow statement
Patrick Industries Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$135.1M
$138.4M
$142.9M
$328.2M
Depreciation and amortization
$170.2M
$166.5M
$144.5M
$130.8M
Amortization of deferred debt financing costs
$3.3M
$3.3M
$1.1M
$1.9M
Stock-based compensation expense
$19.1M
$16.8M
$19.4M
$21.8M
Deferred income taxes
$35.5M
($6.5M)
($591.0K)
($9.3M)
Loss (gain) on sale of property, plant and equipment
$2.1M
($237.0K)
$585.0K
($5.6M)
Loss on extinguishment of debt
$0
$2.5M
—
—
Other
($3.0M)
$376.0K
$1.8M
$4.8M
Trade and other receivables, net
$1.8M
$10.8M
$8.9M
$26.1M
Inventories
($25.0M)
($1.9M)
$162.2M
($11.9M)
Prepaid expenses and other assets
($8.8M)
($7.6M)
($3.9M)
$20.1M
Accounts payable, accrued liabilities and other
($976.0K)
$4.3M
($68.3M)
($95.0M)
Net cash provided by operating activities
$329.4M
$326.8M
$408.7M
$411.7M
Purchases of property, plant, and equipment
($82.9M)
($75.7M)
($59.0M)
($79.9M)
Proceeds from sale of property, plant, and equipment
$2.8M
$2.4M
$1.4M
$7.6M
Business acquisitions, net of cash acquired
($121.7M)
($411.7M)
($25.9M)
($248.9M)
Purchase of intangible assets and other investing activities
($4.6M)
($27.8M)
($3.1M)
($305.0K)
Net cash used in investing activities
($206.5M)
($512.8M)
($86.5M)
($321.5M)
Term debt borrowings
$0
$125.0M
$0
$0
Term debt repayments
($6.3M)
($130.9M)
($7.5M)
($7.5M)
Borrowing on revolver
$744.4M
$1.3B
$488.4M
$839.4M
Repayments on revolver
($769.4M)
($1.2B)
($568.7M)
($894.1M)
Repayment of convertible notes
$0
$0
($172.5M)
—
Proceeds from senior notes offering
$0
$500.0M
$0
$0
Repayment of senior notes
$0
($300.0M)
—
—
Cash dividends paid to shareholders
($55.3M)
($50.2M)
($42.1M)
($32.9M)
Stock repurchases under buyback program
($32.0M)
($4.7M)
($18.8M)
($77.1M)
Taxes paid for share-based payment arrangements
($10.9M)
($17.3M)
($12.1M)
($10.2M)
Payment of deferred financing costs
$0
($9.2M)
$0
($2.5M)
Payment of contingent consideration from business acquisitions
($48.0K)
($4.7M)
($1.5M)
($5.6M)
Proceeds from exercise of common stock options
$0
$21.0K
$1.4M
$195.0K
Other financing activities
($584.0K)
$123.0K
($150.0K)
—
Net cash (used in) provided by financing activities
($130.1M)
$208.2M
($333.6M)
($190.3M)
Net (decrease) increase in cash and cash equivalents
($7.1M)
$22.2M
($11.4M)
($100.0M)
Cash and cash equivalents at beginning of year
$33.6M
$11.4M
$22.8M
$122.8M
Cash and cash equivalents at end of year
$26.4M
$33.6M
$11.4M
$22.8M
Patrick Industries Inc. cash flow statement, quarters
Line item
Jun 28, 2026 · YTD
Mar 29, 2026 · Q1
Sep 28, 2025 · YTD
Jun 29, 2025 · YTD
Net income
$82.9M
$39.5M
$106.0M
$70.7M
Depreciation and amortization
$85.8M
$42.8M
$127.2M
$85.3M
Stock-based compensation expense
$12.0M
$6.0M
$15.2M
$11.3M
Deferred income taxes
($796.0K)
$3.8M
$21.8M
($7.8M)
Amortization of deferred debt financing costs
$1.7M
$823.0K
$2.4M
$1.6M
(Gain) loss on sale of property, plant and equipment
($584.0K)
($155.0K)
$2.1M
$2.1M
Other
$706.0K
$211.0K
($1.3M)
($1.4M)
Trade and other receivables, net
($91.0M)
($99.5M)
($96.3M)
($88.9M)
Inventories
($56.5M)
($29.2M)
($38.1M)
$4.7M
Prepaid expenses and other assets
$3.4M
$443.0K
$3.9M
$4.5M
Accounts payable, accrued liabilities and other
$31.4M
$21.3M
$55.7M
$107.5M
Net cash provided by operating activities
$68.9M
($14.0M)
$198.6M
$189.5M
Purchases of property, plant and equipment
($36.6M)
($18.9M)
($64.7M)
($38.4M)
Proceeds from sale of property, plant and equipment
$1.6M
$489.0K
$2.2M
$1.8M
Business acquisitions, net of cash acquired
($7.3M)
($7.2M)
($70.3M)
($48.1M)
Other investing activities
($2.0M)
($281.0K)
($4.1M)
($1.9M)
Net cash used in investing activities
($44.2M)
($25.9M)
($136.9M)
($86.6M)
Term debt repayments
($1.6M)
—
($3.1M)
($1.6M)
Borrowings on revolver
$560.7M
$292.8M
$619.9M
$345.5M
Repayments on revolver
($430.7M)
($197.8M)
($609.9M)
($390.5M)
Stock repurchases under buyback program
($106.1M)
($14.7M)
($32.0M)
($32.0M)
Cash dividends paid to shareholders
($31.2M)
($16.3M)
($40.0M)
($27.0M)
Taxes paid for share-based payment arrangements
($11.3M)
($11.2M)
($8.9M)
($8.6M)
Payment of contingent consideration from business acquisitions
($1.8M)
($1.8M)
($48.0K)
($33.0K)
Other financing activities
($38.0K)
($105.0K)
($504.0K)
($309.0K)
Net cash used in financing activities
($22.0M)
$51.0M
($74.5M)
($114.4M)
Net increase (decrease) in cash and cash equivalents