PATRICK INDUSTRIES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.95B | $3.72B | $3.47B | $4.88B | $4.08B | $2.49B | $2.34B | $2.26B |
| Cost of Revenue | $3.04B | $2.88B | $2.69B | $3.82B | $3.28B | $2.03B | $1.91B | $1.85B |
| Gross Profit | $912.9M | $835.9M | $782.2M | $1.06B | $801.2M | $459.0M | $422.9M | $415.9M |
| Gross Margin | 23.1% | 22.5% | 22.6% | 21.7% | 19.6% | 18.5% | 18.1% | 18.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $361.6M | $325.8M | $299.4M | $327.5M | $253.5M | $146.4M | $134.5M | $128.2M |
| Operating Income | $276.0M | $258.0M | $260.2M | $496.2M | $351.7M | $173.4M | $154.4M | $178.4M |
| Operating Margin | 7.0% | 6.9% | 7.5% | 10.2% | 8.6% | 7.0% | 6.6% | 7.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $177.1M | $178.6M | $191.3M | $435.4M | $293.8M | $130.4M | $117.8M | $152.0M |
| Income Tax Expense | $42.0M | $40.2M | $48.4M | $107.2M | $68.9M | $33.3M | $28.3M | $32.1M |
| Net Income | $135.1M | $138.4M | $142.9M | $328.2M | $224.9M | $97.1M | $89.6M | $119.8M |
| Net Margin | 3.4% | 3.7% | 4.1% | 6.7% | 5.5% | 3.9% | 3.8% | 5.3% |
| EPS (Basic) | $4.16 | $4.25 | $4.43 | $9.88 | $9.87 | $4.27 | $3.88 | $4.99 |
| EPS (Diluted) | $3.90 | $4.11 | $4.33 | $8.99 | $9.63 | $4.20 | $3.85 | $4.93 |
| Shares Outstanding (Basic) | 32.5M | 32.6M | 32.3M | 33.2M | 22.8M | 22.7M | 23.1M | 24.0M |
| Shares Outstanding (Diluted) | 34.6M | 33.7M | 33.0M | 36.7M | 23.4M | 23.1M | 23.3M | 24.3M |
| Dividends Per Share | — | — | $1.90 | $1.44 | $1.17 | $1.03 | $0.25 | $0.00 |