Filing Flows › Patrick Industries (PATK) › Q3 2026
Patrick Industries (PATK) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Patrick Industries (PATK) reported revenue of $975M for the third quarter 2026 (Q3 2026), 0% from a year earlier and -6% from the quarter before. Operating margin was 5.1%, net earnings $21.1M (2.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $975M | -6% | 0% |
| Gross profit | $230M | -7% | +4% |
| Operating profit | $49.8M | -35% | -25% |
| Net earnings | $21.1M | -52% | -40% |
| Operating cash flow | $77.6M | -6% | +753% |
| Free cash flow | $58.4M | -11% | — |
What changed
Revenue was $975.3M in Q3 2026, roughly flat year over year and down 6% from the previous quarter. Recreational Vehicle was the largest line at 37% of revenue. Recreational Vehicle lost $63.6M year over year (down 15%), 17957% of the total change.
Gross margin was 23.6%, up 0.9 points from Q3 2025. Operating profit was $49.8M, a 5.1% margin (down 1.7 points year over year). Operating expenses grew 16% against flat revenue. The fastest-growing cost line was SG&A (+25%). Net earnings were $21.1M, down 40% year over year. The effective tax rate was 32.1%.
Operating cash flow was $77.6M (up 753% year over year), 369% of net earnings. Non-cash charges added back $42.6M of depreciation and amortization and $5.9M of share-based compensation. Working capital and other items added $8.1M. Capital expenditures of $19.3M left free cash flow of $58.4M.
Questions
What was Patrick Industries' revenue in the third quarter 2026?
Patrick Industries (PATK) reported revenue of $975M for the third quarter 2026 (Q3 2026), 0% from a year earlier and -6% from the quarter before.
Was Patrick Industries profitable in the third quarter 2026?
Operating profit was $49.8M (5.1% of revenue) and net earnings $21.1M.
Source: Patrick Industries 10-Q on SEC EDGAR.