Patrick Industries Inc (PATK)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	138,401	154,660	153,344	147,817	142,897	152,260	171,529	245,696	328,196	349,036	347,614	290,075	224,915	201,719	181,658	123,387	97,061	79,221	63,202	89,904
Revenue (ttm)	US$ in thousands	3,715,679	3,650,743	3,597,372	3,501,437	3,468,045	3,638,773	3,884,790	4,439,795	4,881,875	5,077,440	5,025,530	4,569,790	4,078,093	3,703,226	3,343,753	2,747,848	2,486,597	2,263,444	2,128,923	2,318,096
Net profit margin		3.72%	4.24%	4.26%	4.22%	4.12%	4.18%	4.42%	5.53%	6.72%	6.87%	6.92%	6.35%	5.52%	5.45%	5.43%	4.49%	3.90%	3.50%	2.97%	3.88%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $138,401K ÷ $3,715,679K
= 3.72%

The net profit margin of Patrick Industries Inc has shown fluctuations over the past few years, indicating varying levels of profitability. The trend shows an increase from 3.88% in March 2020 to 6.92% in June 2022, reflecting an improvement in the company's ability to convert revenue into profit during that period.

However, there was a slight decline in the net profit margin from June 2022 to December 2024, dropping to 3.72%. This decline may suggest challenges in managing costs or generating sufficient profits relative to revenue.

It is important for stakeholders to monitor the net profit margin closely as it provides insights into the company's efficiency in managing expenses and overall profitability. Further analysis of the underlying factors driving these fluctuations would be essential to understand the company's financial performance and prospects.