0000076605-26-000013
SEC filingPatrick Industries, Inc. reported net sales of $3.95 billion for fiscal year 2025, generating gross profit of $912.9 million and net income of $135.1 million. The company achieved operating income of $276.0 million with operating cash flow of $329.4 million. Key financial metrics include a gross margin of 23.1% and operating margin of 7.0%. The balance sheet shows total assets of $3.08 billion, with total liabilities of $1.89 billion and shareholders' equity of $1.18 billion. The company maintained a strong liquidity position with $329.4 million in operating cash flow, though cash decreased by $7.1 million due to $206.5 million in investing activities (primarily business acquisitions and capital expenditures) and $130.1 million in financing activities (including dividends and share repurchases).
Patrick Industries, Inc. reported solid financial results for fiscal year 2025 with net sales of $3.95 billion. The company generated gross profit of $912.9 million and achieved operating income of $276.0 million. Net income for the period was $135.1 million, resulting in basic earnings per share of $4.00. The company maintained strong operating cash flow of $329.4 million, though net cash decreased by $7.1 million due to significant investing and financing activities. Total assets stood at $3.08 billion as of December 31, 2025, with shareholders' equity of $1.18 billion.
The company reported net sales of $3.95 billion for fiscal year 2025. No segment breakdown or geographic mix information was provided in the available data. The revenue figure represents the total consolidated sales for the period ending December 31, 2025. Cost of goods sold was $3.04 billion, resulting in gross profit of $912.9 million. The document does not disclose specific revenue drivers, segment performance, or growth rates by business unit.
Patrick Industries achieved a gross margin of 23.1% based on net sales of $3.95 billion and gross profit of $912.9 million. Operating margin was 7.0% with operating income of $276.0 million. Total operating expenses were $636.9 million, consisting of warehouse and delivery expenses ($178.0 million), selling, general and administrative expenses ($361.6 million), and amortization of intangible assets ($97.3 million). The company's net income margin was 3.4% based on net income of $135.1 million.
The company generated strong operating cash flow of $329.4 million, primarily from net income of $135.1 million adjusted for non-cash items including depreciation and amortization of $170.2 million. Investing activities used $206.5 million in cash, with $121.7 million for business acquisitions and $82.9 million for property, plant, and equipment purchases. Financing activities used $130.1 million, including $55.3 million in dividends and $32.0 million in stock repurchases. The balance sheet shows total debt of $1.28 billion (long-term) plus $6.2 million (current maturities), with cash and equivalents of $26.4 million.
The provided data does not include management guidance, strategic priorities, or specific risk factors for future periods. No forward-looking statements, outlook commentary, or future projections were included in the available financial statements. The analysis is limited to the historical financial results for fiscal year 2025 as presented in the 10-K filing dated February 19, 2026.