Filing Flows › Patrick Industries (PATK) › Q2 2026 › vs Q2 2025
Patrick Industries (PATK) Q2 2026 vs Q2 2025 (year over year)
Patrick Industries's revenue fell $5.8M (-0.6%) from $1.0B in Q2 2025 to $1.0B in Q2 2026. The biggest changes: Recreational Vehicle −$72.3M (-15%); Marine +$34.9M (+22%); Powersports +$26.7M (+28%). Gross margin 23.8% against 23.9% (-0.2 pts).
Patrick Industries, Q2 2026: revenue $1.0B (-0.6% year over year), operating margin 7.4%, net earnings $43.4M, operating cash flow $82.9M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 23.8% | 23.9% | -0.2 pts |
| Operating margin | 7.4% | 8.3% | -0.9 pts |
| Net margin | 4.2% | 3.1% | +1.1 pts |
| Free cash flow margin | 6.3% | 12.5% | -6.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Recreational Vehicle | $407M | $479M | −$72.3M | -15% |
| Marine | $191M | $156M | $34.9M | +22% |
| Manufactured Housing | $175M | $182M | −$7.3M | -4% |
| Industrial | $145M | $133M | $12.1M | +9% |
| Powersports | $123M | $96.4M | $26.7M | +28% |
| Revenue | $1.0B | $1.0B | −$5.8M | -0.6% |
| Gross profit | $248M | $251M | −$3.1M | -1% |
| Cost of revenue | $794M | $797M | −$2.8M | -0.4% |
| Operating profit | $77.0M | $86.7M | −$9.7M | -11% |
| Operating expenses | $171M | $164M | $6.6M | +4% |
| Pre-tax earnings | $58.1M | $43.4M | $14.6M | +34% |
| Other expense, net | $19.0M | $43.3M | −$24.3M | -56% |
| SG&A | $96.2M | $93.2M | $3.0M | +3% |
| Other operating costs | $74.4M | $70.7M | $3.6M | +5% |
| Net earnings | $43.4M | $32.4M | $11.0M | +34% |
| Income tax | $14.6M | $11.0M | $3.6M | +33% |
| Depreciation & amortization | $43.0M | $42.6M | $404K | +0.9% |
| Share-based compensation | $6.0M | $6.1M | −$43K | -0.7% |
| Working capital & other | $9.5M | −$68.3M | $77.8M | — |
| Operating cash flow | $82.9M | $149M | −$66.5M | -44% |
| Free cash flow (OCF − capex) | $65.3M | $131M | −$65.8M | -50% |
| Capital expenditures | $17.6M | $18.3M | −$643K | -4% |
Questions
How much did Patrick Industries's revenue grow year over year in Q2 2026?
Patrick Industries's revenue fell $5.8M (-0.6%) from $1.0B in Q2 2025 to $1.0B in Q2 2026.
What drove Patrick Industries's revenue change in Q2 2026?
Recreational Vehicle −$72.3M (-15%); Marine +$34.9M (+22%); Powersports +$26.7M (+28%).