Patrick Industries (Patrick Industries) Pretax Margin % : 5.38% (As of Dec. 2023)

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What is Patrick Industries Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Patrick Industries's Pre-Tax Income for the three months ended in Dec. 2023 was $42 Mil. Patrick Industries's Revenue for the three months ended in Dec. 2023 was $781 Mil. Therefore, Patrick Industries's pretax margin for the quarter that ended in Dec. 2023 was 5.38%.

The historical rank and industry rank for Patrick Industries's Pretax Margin % or its related term are showing as below:

PATK' s Pretax Margin % Range Over the Past 10 Years
Min: 5.04 Med: 6.79 Max: 8.92
Current: 5.52

PATK's Pretax Margin % is ranked better than
50.71% of 420 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.36 vs PATK: 5.52

Patrick Industries Pretax Margin % Historical Data

The historical data trend for Patrick Industries's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Patrick Industries Pretax Margin % Chart

Patrick Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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5.04

5.24

7.20

8.92

5.51

Patrick Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pretax Margin %	Get a 7-Day Free Trial															5.45	4.19	6.23	6.26	5.38

Competitive Comparison of Patrick Industries's Pretax Margin %

For the Furnishings, Fixtures & Appliances subindustry, Patrick Industries's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Patrick Industries's Pretax Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Patrick Industries's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Patrick Industries's Pretax Margin % falls into.

Patrick Industries Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Patrick Industries's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	191.258	/	3468.045
	=	5.51 %

Patrick Industries's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	41.997	/	781.187
	=	5.38 %

Patrick Industries (NAS:PATK) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Patrick Industries Pretax Margin % Related Terms

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Patrick Industries (Patrick Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Patrick Industries Inc (NAS:PATK) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

PK2:Germany

Address

107 West Franklin Street, P.O. Box 638, Elkhart, IN, USA, 46515

Website

https://www.patrickind.com

Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured-housing industries. One of the firm's RV customers makes up a significant portion of revenue. Nearly all of Patrick Industries' revenue comes from North America.

Executives

Andy L Nemeth	director, officer: President	C/O PATRICK INDUSTRIES, INC.,, P.O. BOX 638, ELKHART IN 46515-0638
Kip B Ellis	officer: EVP Operations & COO	107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515
Jeff Rodino	officer: EVP-Sales, Chief Sales Officer	107 W. FRANKLIN STREET, P.O.BOX 638, ELKHART IN 46515
Todd M Cleveland	director, officer: CEO	107 W. FRANKLIN ST., ELKHART IN 46515
Derrick B Mayes	director	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Matthew S Filer	officer: Interim CFO, Treasurer & PAO	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
M Scott Welch	director	6 LONGWOOD COURT, ELKHART IN 46516
Stacey L Neu	officer: EVP & CHRO	C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562
Michael A Kitson	director	107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515
Pamela R Klyn	director	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Joel D Duthie	officer: Chief Legal Officer/Secretary	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Blosser Courtney	officer: Chief Human Resource Officer	107 W. FRANKLIN STREET, P.O.BOX 638, ELKHART IN 46515
Jacob R Petkovich	officer: EVP Finance, CFO & Treasurer	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
James E Rose	other: Principal Accounting Officer	107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Joshua A Boone	officer: VP - Finance & CFO	107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515