Patrick Historical Income Statement
| PATK Stock | USD 134.42 3.93 2.84% |
Historical analysis of Patrick Industries income statement accounts such as Other Operating Expenses of 3.4 B, Operating Income of 273.2 M, EBIT of 273.2 M or Ebitda of 273.2 M can show how well Patrick Industries performed in making a profits. Evaluating Patrick Industries income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Patrick Industries's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Patrick Industries latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Patrick Industries is a good buy for the upcoming year.
Patrick |
About Patrick Income Statement Analysis
Patrick Industries Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Patrick Industries shareholders. The income statement also shows Patrick investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Patrick Industries Income Statement Chart
Add Fundamental
Total Revenue
Total revenue comprises all receipts Patrick Industries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Patrick Industries minus its cost of goods sold. It is profit before Patrick Industries operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Patrick Industries. It is also known as Patrick Industries overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Patrick Industries operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Patrick Industries is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from Patrick Industries' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Patrick Industries current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patrick Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.At this time, Patrick Industries' Operating Income is quite stable compared to the past year. EBIT is expected to rise to about 273.2 M this year, although the value of Tax Provision will most likely fall to about 48.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 801.2M | 1.1B | 782.2M | 821.3M | Total Revenue | 4.1B | 4.9B | 3.5B | 3.6B |
Patrick Industries income statement Correlations
Click cells to compare fundamentals
Patrick Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patrick Industries income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 62.8M | 73.3M | 104.8M | 130.8M | 144.5M | 151.8M | |
| Interest Expense | 36.6M | 43.0M | 57.9M | 60.8M | 68.9M | 72.4M | |
| Total Revenue | 2.3B | 2.5B | 4.1B | 4.9B | 3.5B | 3.6B | |
| Gross Profit | 422.9M | 459.0M | 801.2M | 1.1B | 782.2M | 821.3M | |
| Other Operating Expenses | 2.2B | 2.3B | 3.7B | 4.4B | 3.2B | 3.4B | |
| Operating Income | 154.4M | 173.4M | 351.7M | 496.2M | 260.2M | 273.2M | |
| Ebit | 154.4M | 173.4M | 351.7M | 496.2M | 260.2M | 273.2M | |
| Ebitda | 217.2M | 246.6M | 456.5M | 626.9M | 260.2M | 273.2M | |
| Cost Of Revenue | 1.9B | 2.0B | 3.3B | 3.8B | 2.7B | 2.8B | |
| Total Operating Expenses | 268.4M | 285.6M | 449.5M | 563.8M | 522.0M | 548.1M | |
| Income Before Tax | 117.8M | 130.4M | 293.8M | 435.4M | 191.3M | 200.8M | |
| Total Other Income Expense Net | (36.6M) | (43.0M) | (57.9M) | (60.8M) | (68.9M) | (65.5M) | |
| Net Income | 89.6M | 97.1M | 224.9M | 328.2M | 142.9M | 150.0M | |
| Income Tax Expense | 28.3M | 33.3M | 68.9M | 107.2M | 48.4M | 50.8M | |
| Selling General Administrative | 134.5M | 146.4M | 253.5M | 327.5M | 308.4M | 323.8M | |
| Net Income Applicable To Common Shares | 89.6M | 97.1M | 224.9M | 328.2M | 377.4M | 396.3M | |
| Selling And Marketing Expenses | 98.1M | 98.4M | 139.6M | 163.0M | 143.9M | 151.1M | |
| Net Income From Continuing Ops | 89.6M | 97.1M | 224.9M | 328.2M | 152.3M | 108.9M | |
| Tax Provision | 28.3M | 33.3M | 68.9M | 107.2M | 48.9M | 48.6M | |
| Net Interest Income | (36.6M) | (43.0M) | (57.9M) | (60.8M) | (69.4M) | (65.9M) | |
| Reconciled Depreciation | 62.8M | 73.3M | 104.8M | 130.8M | 142.5M | 94.7M |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patrick Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patrick Industries. If investors know Patrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patrick Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 2.2 | Earnings Share 6.76 | Revenue Per Share 168.682 | Quarterly Revenue Growth 0.062 |
The market value of Patrick Industries is measured differently than its book value, which is the value of Patrick that is recorded on the company's balance sheet. Investors also form their own opinion of Patrick Industries' value that differs from its market value or its book value, called intrinsic value, which is Patrick Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patrick Industries' market value can be influenced by many factors that don't directly affect Patrick Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patrick Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patrick Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patrick Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.