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Patrick Industries PATK Work in process

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Other financials

Income statement

Revenue$997.2M-0.6%

Gross profit$226.9M-0.8%

Operating income$64.7M-1.3%

Net income$39.5M+3.2%

EPS (diluted)$1.10-0.9%

Balance sheet

Cash & equivalents$37.5M-56.7%

Total debt$1.6B-1.6%

Total equity$1.2B+4.1%

Total assets$3.2B+1.0%

Cash flow

Operating cash flow-$14.0M-135%

CapEx$18.9M-6.2%

Free cash flow-$32.9M-265%

Valuation

Market cap$2.87B+29.3%

Enterprise value$4.44B+19.5%

P/E21×+5.4×

P/S0.7×+0.1×

Profitability

Gross margin23.1%+0.4pp

Operating margin7%0.0pp

Net margin3.5%-0.3pp

FCF margin5.3%-1.3pp

Returns & leverage

Return on equity11.7%-1.2pp

Debt / equity1.4×-0.1×

Current ratio2.7×+0.3×

Where this comes from

Reported directly by Patrick Industries in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Patrick Industries’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Patrick Industries's work in process?: Patrick Industries (PATK) reported work in process of $21.17M in Q1 2026.
How has Patrick Industries's work in process changed year-over-year?: Patrick Industries's work in process increased by 20.6% year-over-year, from $17.55M to $21.17M.
What is the long-term trend for Patrick Industries's work in process?: Over 5 years (2020 to 2025), Patrick Industries's work in process has grown at a 0.3% compound annual growth rate (CAGR), from $19.28M to $19.59M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.