Filing Flows › Patrick Industries (PATK) › Q3 2026 › vs Q2 2026
Patrick Industries (PATK) Q3 2026 vs Q2 2026 (quarter over quarter)
Patrick Industries's revenue fell $66.4M (-6%) from $1.0B in Q2 2026 to $975M in Q3 2026. The biggest changes: Recreational Vehicle −$45.0M (-11%); Marine −$20.0M (-10%); Industrial −$4.8M (-3%). Gross margin 23.6% against 23.8% (-0.2 pts).
Patrick Industries, Q3 2026: revenue $975M (0% year over year), operating margin 5.1%, net earnings $21.1M, operating cash flow $77.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 23.6% | 23.8% | -0.2 pts |
| Operating margin | 5.1% | 7.4% | -2.3 pts |
| Net margin | 2.2% | 4.2% | -2.0 pts |
| Free cash flow margin | 6.0% | 6.3% | -0.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Recreational Vehicle | $362M | $407M | −$45.0M | -11% |
| Manufactured Housing | $174M | $175M | −$1.1M | -0.7% |
| Marine | $171M | $191M | −$20.0M | -10% |
| Industrial | $140M | $145M | −$4.8M | -3% |
| Powersports | $128M | $123M | $4.5M | +4% |
| Revenue | $975M | $1.0B | −$66.4M | -6% |
| Gross profit | $230M | $248M | −$17.7M | -7% |
| Cost of revenue | $745M | $794M | −$48.7M | -6% |
| Operating profit | $49.8M | $77.0M | −$27.2M | -35% |
| Operating expenses | $180M | $171M | $9.5M | +6% |
| Pre-tax earnings | $31.0M | $58.1M | −$27.1M | -47% |
| Other expense, net | $18.8M | $19.0M | −$150K | -0.8% |
| SG&A | $108M | $96.2M | $11.7M | +12% |
| Other operating costs | $72.2M | $74.4M | −$2.2M | -3% |
| Net earnings | $21.1M | $43.4M | −$22.4M | -52% |
| Income tax | $10.0M | $14.6M | −$4.7M | -32% |
| Depreciation & amortization | $42.6M | $43.0M | −$416K | -1% |
| Share-based compensation | $5.9M | $6.0M | −$138K | -2% |
| Working capital & other | $8.1M | −$9.5M | $17.6M | — |
| Operating cash flow | $77.6M | $82.9M | −$5.3M | -6% |
| Free cash flow (OCF − capex) | $58.4M | $65.3M | −$6.9M | -11% |
| Capital expenditures | $19.3M | $17.6M | $1.7M | +9% |
Questions
How much did Patrick Industries's revenue grow quarter over quarter in Q3 2026?
Patrick Industries's revenue fell $66.4M (-6%) from $1.0B in Q2 2026 to $975M in Q3 2026.
What drove Patrick Industries's revenue change in Q3 2026?
Recreational Vehicle −$45.0M (-11%); Marine −$20.0M (-10%); Industrial −$4.8M (-3%).