Patrick Industries Inc (PATK)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 178,570 | 199,962 | 199,791 | 192,760 | 191,258 | 201,118 | 224,381 | 326,291 | 435,410 | 461,550 | 461,928 | 383,389 | 293,822 | 266,803 | 238,288 | 158,887 | 130,372 | 104,977 | 84,462 | 119,770 |
| 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 |
| Pretax margin | 4.81% | 5.48% | 5.55% | 5.51% | 5.51% | 5.53% | 5.78% | 7.35% | 8.92% | 9.09% | 9.19% | 8.39% | 7.20% | 7.20% | 7.13% | 5.78% | 5.24% | 4.64% | 3.97% | 5.17% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $178,570K ÷ $3,715,679K
= 4.81%
The pretax margin of Patrick Industries Inc has fluctuated over the past few years. Initially, starting at around 5%, the pretax margin showed a slight decrease in the middle of 2020, but then gradually improved reaching over 7% by the end of 2021. Subsequently, there was a notable increase in the pretax margin to around 9% in mid-2022, indicating improved profitability. However, the pretax margin started to decline, dropping to 5.51% by the end of 2023 and further decreasing to 4.81% by the end of 2024. Overall, while there have been periods of improvement, the recent trend shows a decrease in the pretax margin, suggesting potential challenges impacting the company's profitability.
Peer comparison
Dec 31, 2024