The financials
Patrick Industries, Inc. by the numbers
Patrick Industries, Inc. (PATK) reported revenue of $997M in Q1 2026 (quarter ended March 29, 2026), down 0.6% from the same quarter a year earlier. That came with a gross margin of 23% and net income of $39M (4.0% of revenue). For the full year FY2025, revenue was $3.95B (+6.3% year on year) and net income $135M. Its largest product in 2026-Q2 was Recreational Vehicle at $291M, 36% of the disclosed total, just ahead of Marine at 22%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $997M | $1.00B | −0.6% |
| Gross profit | $227M | $229M | −0.8% |
| Operating income | $65M | $66M | −1.3% |
| Net income | $39M | $38M | +3.2% |
| Diluted EPS | $1.10 | $1.11 | −0.9% |
| Product | Revenue | Share |
|---|---|---|
| Recreational Vehicle | $291M | 36% |
| Marine | $179M | 22% |
| Industrial | $135M | 17% |
| Powersports | $117M | 15% |
| Manufactured Housing | $80M | 10% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $802.6M (+3.4%)
Powersports grew +28% year on yearRecreational Vehicle -12% year on year
Segment Latestquarter on quarteryear on year
- Recreational Vehicle$291.1M$291.1MQoQ -12%year on year -12%-12%-12%
- Marine$178.8M$178.8MQoQ +11%year on year +24%+11%+24%
- Industrial$135.1M$135.1MQoQ +19%year on year +10%+19%+10%
- Powersports$117.2M$117.2MQoQ +19%year on year +28%+19%+28%
- Manufactured Housing$80.5M$80.5MQoQ +13%year on year -1.3%+13%-1.3%
Consumer Cyclical
Ranks #126 of 255 by Smart Score