What is Patrick Industries's net debt?

Patrick Industries (PATK) reported net debt of $1.57B in Q1 2026.

How has Patrick Industries's net debt changed year-over-year?

Patrick Industries's net debt increased by 1.5% year-over-year, from $1.55B to $1.57B.

What is the long-term trend for Patrick Industries's net debt?

Over 5 years (2020 to 2025), Patrick Industries's net debt has grown at a 10.5% compound annual growth rate (CAGR), from $892.72M to $1.47B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Patrick Industries PATK Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

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

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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

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Operating cash flow-$14.0M-135%

CapEx$18.9M-6.2%

Free cash flow-$32.9M-265%

Valuation

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Market cap$2.87B+29.3%

Enterprise value$4.44B+19.5%

P/E21×+5.4×

P/S0.7×+0.1×

Profitability

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Gross margin23.1%+0.4pp

Operating margin7%0.0pp

Net margin3.5%-0.3pp

FCF margin5.3%-1.3pp

Returns & leverage

See full

Return on equity11.7%-1.2pp

Debt / equity1.4×-0.1×

Current ratio2.7×+0.3×

Where this comes from

Calculated from Patrick Industries’s reported figures.

$1.6Btotal debt−$37.5Mcash and equivalents=$1.57B

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 net debt?: Patrick Industries (PATK) reported net debt of $1.57B in Q1 2026.
How has Patrick Industries's net debt changed year-over-year?: Patrick Industries's net debt increased by 1.5% year-over-year, from $1.55B to $1.57B.
What is the long-term trend for Patrick Industries's net debt?: Over 5 years (2020 to 2025), Patrick Industries's net debt has grown at a 10.5% compound annual growth rate (CAGR), from $892.72M to $1.47B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.