Patrick Industries Inc (PATK)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 263,040 | 280,764 | 277,422 | 268,308 | 260,200 | 270,511 | 292,197 | 390,649 | 496,170 | 523,235 | 523,747 | 444,986 | 351,712 | 319,179 | 285,735 | 202,575 | 173,373 | 147,191 | 124,772 | 157,895 |
| 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 |
| Operating profit margin | 7.08% | 7.69% | 7.71% | 7.66% | 7.50% | 7.43% | 7.52% | 8.80% | 10.16% | 10.31% | 10.42% | 9.74% | 8.62% | 8.62% | 8.55% | 7.37% | 6.97% | 6.50% | 5.86% | 6.81% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $263,040K ÷ $3,715,679K
= 7.08%
The operating profit margin of Patrick Industries Inc has displayed fluctuations over the past few years. Starting at 6.81% in March 2020, the margin decreased to 5.86% in June 2020 before gradually improving to 10.42% in June 2022. However, the margin saw a decline in the following quarters, dropping to 7.08% by December 2024. Overall, the company has maintained an average operating profit margin of around 7% to 10% during the period under review. It is important for the company to closely monitor and manage its operating expenses in order to sustain healthy profit margins in the future.
Peer comparison
Dec 31, 2024