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.

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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.

Net Income Gross Profit

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.

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

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.

Total Revenue Gross Profit Other Operating Expenses Operating Income Total Other Income Expense Net Net Income From Continuing Ops

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.

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

Gross Profit Total Revenue

Patrick Industries income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Interest Income	Non Recurring	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.99	0.93	0.96	0.93	0.87	0.87	0.82	0.92	0.99	0.82	-0.98	0.81	0.8	0.99	0.98	0.77	-0.25	0.76	0.93	-0.67	-0.99	0.95	-0.67
Interest Expense	0.99		0.94	0.95	0.94	0.87	0.87	0.83	0.93	0.98	0.81	-1.0	0.81	0.79	0.97	0.98	0.78	-0.28	0.73	0.97	-0.62	-1.0	0.94	-0.62
Total Revenue	0.93	0.94		0.99	1.0	0.98	0.98	0.96	1.0	0.98	0.96	-0.95	0.95	0.94	0.96	0.98	0.93	-0.41	0.87	0.9	-0.41	-0.93	0.92	-0.41
Gross Profit	0.96	0.95	0.99		0.99	0.98	0.98	0.94	0.99	0.99	0.95	-0.96	0.95	0.93	0.98	0.99	0.92	-0.36	0.88	0.9	-0.48	-0.95	0.94	-0.48
Other Operating Expenses	0.93	0.94	1.0	0.99		0.98	0.98	0.95	1.0	0.98	0.95	-0.95	0.95	0.93	0.96	0.98	0.92	-0.41	0.86	0.91	-0.42	-0.94	0.92	-0.42
Operating Income	0.87	0.87	0.98	0.98	0.98		1.0	0.99	0.98	0.93	0.99	-0.88	0.99	0.98	0.93	0.94	0.98	-0.38	0.95	0.82	-0.31	-0.87	0.89	-0.31
Ebit	0.87	0.87	0.98	0.98	0.98	1.0		0.99	0.98	0.93	0.99	-0.88	0.99	0.98	0.93	0.94	0.98	-0.38	0.95	0.82	-0.31	-0.87	0.89	-0.31
Ebitda	0.82	0.83	0.96	0.94	0.95	0.99	0.99		0.96	0.88	0.99	-0.84	0.99	0.97	0.87	0.9	0.99	-0.38	0.95	0.79	-0.18	-0.83	0.85	-0.18
Cost Of Revenue	0.92	0.93	1.0	0.99	1.0	0.98	0.98	0.96		0.97	0.96	-0.94	0.95	0.94	0.95	0.98	0.93	-0.43	0.87	0.9	-0.39	-0.93	0.91	-0.39
Total Operating Expenses	0.99	0.98	0.98	0.99	0.98	0.93	0.93	0.88	0.97		0.89	-0.98	0.89	0.87	1.0	0.99	0.85	-0.34	0.81	0.93	-0.59	-0.98	0.95	-0.59
Income Before Tax	0.82	0.81	0.96	0.95	0.95	0.99	0.99	0.99	0.96	0.89		-0.83	1.0	0.98	0.88	0.89	0.99	-0.39	0.96	0.75	-0.23	-0.81	0.85	-0.23
Total Other Income Expense Net	-0.98	-1.0	-0.95	-0.96	-0.95	-0.88	-0.88	-0.84	-0.94	-0.98	-0.83		-0.83	-0.8	-0.97	-0.99	-0.8	0.29	-0.75	-0.97	0.58	1.0	-0.95	0.58
Net Income	0.81	0.81	0.95	0.95	0.95	0.99	0.99	0.99	0.95	0.89	1.0	-0.83		0.97	0.88	0.89	0.99	-0.39	0.96	0.76	-0.22	-0.82	0.85	-0.22
Income Tax Expense	0.8	0.79	0.94	0.93	0.93	0.98	0.98	0.97	0.94	0.87	0.98	-0.8	0.97		0.87	0.88	0.96	-0.41	0.94	0.72	-0.24	-0.79	0.83	-0.24
Selling General Administrative	0.99	0.97	0.96	0.98	0.96	0.93	0.93	0.87	0.95	1.0	0.88	-0.97	0.88	0.87		0.98	0.84	-0.29	0.82	0.91	-0.62	-0.97	0.95	-0.62
Selling And Marketing Expenses	0.98	0.98	0.98	0.99	0.98	0.94	0.94	0.9	0.98	0.99	0.89	-0.99	0.89	0.88	0.98		0.86	-0.35	0.81	0.96	-0.53	-0.98	0.94	-0.53
Net Income From Continuing Ops	0.77	0.78	0.93	0.92	0.92	0.98	0.98	0.99	0.93	0.85	0.99	-0.8	0.99	0.96	0.84	0.86		-0.37	0.96	0.72	-0.13	-0.78	0.84	-0.13
Non Operating Income Net Other	-0.25	-0.28	-0.41	-0.36	-0.41	-0.38	-0.38	-0.38	-0.43	-0.34	-0.39	0.29	-0.39	-0.41	-0.29	-0.35	-0.37		-0.22	-0.31	0.04	0.25	-0.22	0.04
Tax Provision	0.76	0.73	0.87	0.88	0.86	0.95	0.95	0.95	0.87	0.81	0.96	-0.75	0.96	0.94	0.82	0.81	0.96	-0.22		0.64	-0.18	-0.75	0.82	-0.18
Interest Income	0.93	0.97	0.9	0.9	0.91	0.82	0.82	0.79	0.9	0.93	0.75	-0.97	0.76	0.72	0.91	0.96	0.72	-0.31	0.64		-0.53	-0.96	0.87	-0.53
Non Recurring	-0.67	-0.62	-0.41	-0.48	-0.42	-0.31	-0.31	-0.18	-0.39	-0.59	-0.23	0.58	-0.22	-0.24	-0.62	-0.53	-0.13	0.04	-0.18	-0.53		0.6	-0.48	1.0
Net Interest Income	-0.99	-1.0	-0.93	-0.95	-0.94	-0.87	-0.87	-0.83	-0.93	-0.98	-0.81	1.0	-0.82	-0.79	-0.97	-0.98	-0.78	0.25	-0.75	-0.96	0.6		-0.96	0.6
Reconciled Depreciation	0.95	0.94	0.92	0.94	0.92	0.89	0.89	0.85	0.91	0.95	0.85	-0.95	0.85	0.83	0.95	0.94	0.84	-0.22	0.82	0.87	-0.48	-0.96		-0.48
Extraordinary Items	-0.67	-0.62	-0.41	-0.48	-0.42	-0.31	-0.31	-0.18	-0.39	-0.59	-0.23	0.58	-0.22	-0.24	-0.62	-0.53	-0.13	0.04	-0.18	-0.53	1.0	0.6	-0.48

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Patrick Industries Account Relationship Matchups

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

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When determining whether Patrick Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Patrick Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Patrick Industries Stock. Highlighted below are key reports to facilitate an investment decision about Patrick Industries Stock:

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Is Patrick Stock a good investment?

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What is Patrick Industries' Net Worth?

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For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.

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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.

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Patrick Historical Income Statement

About Patrick Income Statement Analysis

Patrick Industries Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Patrick Industries income statement Correlations

Patrick Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Patrick Industries income statement Accounts

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Selling General Administrative	+ 1.0	Total Operating Expenses
Net Income	+ 1.0	Income Before Tax

Net Interest Income	- 1.0	Interest Expense
Total Other Income Expense Net	- 1.0	Interest Expense
Selling And Marketing Expenses	- 0.99	Total Other Income Expense Net
Net Interest Income	- 0.99	Depreciation And Amortization
Net Interest Income	- 0.98	Selling And Marketing Expenses
Net Interest Income	- 0.98	Total Operating Expenses