Filing Flows › Patrick Industries (PATK) › Q3 2026 › vs Q3 2025
Patrick Industries (PATK) Q3 2026 vs Q3 2025 (year over year)
Patrick Industries's revenue fell $354K (0%) from $976M in Q3 2025 to $975M in Q3 2026. The biggest changes: Recreational Vehicle −$63.6M (-15%); Powersports +$29.8M (+30%); Marine +$20.9M (+14%). Gross margin 23.6% against 22.6% (+0.9 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 23.6% | 22.6% | +0.9 pts |
| Operating margin | 5.1% | 6.8% | -1.7 pts |
| Net margin | 2.2% | 3.6% | -1.5 pts |
| Free cash flow margin | 6.0% | -1.8% | +7.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Recreational Vehicle | $362M | $426M | −$63.6M | -15% |
| Manufactured Housing | $174M | $175M | −$638K | -0.4% |
| Marine | $171M | $150M | $20.9M | +14% |
| Industrial | $140M | $127M | $13.2M | +10% |
| Powersports | $128M | $97.8M | $29.8M | +30% |
| Revenue | $975M | $976M | −$354K | 0% |
| Gross profit | $230M | $221M | $8.9M | +4% |
| Cost of revenue | $745M | $755M | −$9.3M | -1% |
| Operating profit | $49.8M | $66.3M | −$16.5M | -25% |
| Operating expenses | $180M | $155M | $25.4M | +16% |
| Pre-tax earnings | $31.0M | $47.8M | −$16.8M | -35% |
| Other expense, net | $18.8M | $18.5M | $377K | +2% |
| SG&A | $108M | $86.0M | $21.9M | +25% |
| Other operating costs | $72.2M | $68.6M | $3.5M | +5% |
| Net earnings | $21.1M | $35.3M | −$14.2M | -40% |
| Income tax | $10.0M | $12.5M | −$2.6M | -21% |
| Depreciation & amortization | $42.6M | $42.0M | $630K | +2% |
| Share-based compensation | $5.9M | $3.9M | $2.0M | +52% |
| Working capital & other | $8.1M | −$72.0M | $80.2M | — |
| Operating cash flow | $77.6M | $9.1M | $68.5M | +753% |
| Free cash flow (OCF − capex) | $58.4M | −$17.2M | $75.5M | — |
| Capital expenditures | $19.3M | $26.3M | −$7.0M | -27% |
Questions
How much did Patrick Industries's revenue grow year over year in Q3 2026?
Patrick Industries's revenue fell $354K (0%) from $976M in Q3 2025 to $975M in Q3 2026.
What drove Patrick Industries's revenue change in Q3 2026?
Recreational Vehicle −$63.6M (-15%); Powersports +$29.8M (+30%); Marine +$20.9M (+14%).