Patterson Companies (PDCO) Financials

$31.34 +0.02 (+0.05%)

As of 11:26 AM Eastern

Annual Income Statements for Patterson Companies

This table shows Patterson Companies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	223	187	171	201	84	-588	156	203	208	186
Consolidated Net Income / (Loss)	223	187	171	201	83	-589	155	202	207	186
Net Income / (Loss) Continuing Operations	180	186	174	201	83	-589	155	202	207	186
Total Pre-Tax Income	274	302	251	179	106	-590	200	266	270	243
Total Operating Income	305	348	288	220	138	-572	211	157	276	253
Total Gross Profit	1,061	1,323	1,301	1,199	1,191	1,197	1,203	1,289	1,373	1,380
Total Revenue	3,911	5,387	5,593	5,466	5,575	5,490	5,912	6,499	6,471	6,568
Operating Revenue	3,911	5,387	5,593	5,466	5,575	5,490	5,912	6,499	6,471	6,568
Total Cost of Revenue	2,850	4,064	4,292	4,266	4,384	4,293	4,709	5,210	5,099	5,188
Operating Cost of Revenue	2,850	4,064	4,292	4,266	4,384	4,293	4,709	5,210	5,099	5,188
Total Operating Expenses	756	975	1,013	979	1,053	1,770	993	1,132	1,097	1,127
Selling, General & Admin Expense	756	975	1,013	979	1,053	1,094	993	1,132	1,097	1,127
Impairment Charge	-	-	-	0.00	0.00	675	0.00	0.00	0.00	0.00
Total Other Income / (Expense), net	-30	-46	-37	-41	-31	-18	-11	109	-5.81	-9.87
Interest Expense	34	50	43	47	40	42	24	20	34	45
Interest & Investment Income	-	-	-	-	-	34	0.00	102	0.00	0.00
Other Income / (Expense), net	3.43	4.05	6.01	6.12	8.18	-11	14	28	28	35
Income Tax Expense	94	116	77	-22	23	-1.04	45	65	64	58
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	-0.75	-0.92	-0.87	-1.50	-0.96	-0.41
Basic Earnings per Share	$2.26	$1.93	$1.80	$2.17	$0.90	($6.25)	$1.63	$2.09	$2.14	$2.00
Weighted Average Basic Shares Outstanding	98.99M	97.22M	94.90M	92.47M	92.76M	94.15M	95.60M	97.28M	97.03M	92.97M
Diluted Earnings per Share	$2.24	$1.91	$1.79	$2.16	$0.89	($6.25)	$1.61	$2.06	$2.12	$1.98
Weighted Average Diluted Shares Outstanding	99.69M	97.90M	95.57M	93.09M	93.48M	94.15M	96.66M	98.51M	97.82M	93.68M
Weighted Average Basic & Diluted Shares Outstanding	98.80M	97M	94.90M	92.60M	92.90M	95.98M	96.88M	96.74M	95.29M	87.76M
Cash Dividends to Common per Share	$0.82	$0.90	$0.98	$1.04	$1.04	$1.04	$1.04	$1.04	$1.04	$1.04

This table shows Patterson Companies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	25	54	54	75	31	40	48	67	14	27	31
Consolidated Net Income / (Loss)	24	54	54	75	31	40	48	67	14	27	31
Net Income / (Loss) Continuing Operations	24	54	54	75	31	40	48	67	14	27	31
Total Pre-Tax Income	31	71	69	99	41	53	62	87	18	36	43
Total Operating Income	35	60	76	105	38	57	70	88	29	38	45
Total Gross Profit	312	328	343	390	319	339	351	371	313	328	321
Total Revenue	1,523	1,626	1,601	1,721	1,577	1,653	1,616	1,723	1,542	1,674	1,572
Operating Revenue	1,523	1,626	1,601	1,721	1,577	1,653	1,616	1,723	1,542	1,674	1,572
Total Cost of Revenue	1,211	1,298	1,258	1,331	1,258	1,314	1,265	1,352	1,229	1,346	1,252
Operating Cost of Revenue	1,211	1,298	1,258	1,331	1,258	1,314	1,265	1,352	1,229	1,346	1,252
Total Operating Expenses	277	268	267	285	281	282	281	283	283	290	275
Selling, General & Admin Expense	-	268	267	-	281	282	281	283	283	290	275
Total Other Income / (Expense), net	-3.78	11	-6.64	-6.05	2.39	-3.55	-8.07	-0.64	-12	-2.09	-2.61
Interest Expense	5.56	7.54	9.73	11	9.51	11	12	13	13	12	11
Other Income / (Expense), net	1.78	18	3.10	4.75	12	7.10	3.65	12	1.71	9.71	8.15
Income Tax Expense	6.80	17	15	24	9.48	14	14	20	4.22	8.85	12
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.33	-0.42	-0.08	-0.12	-0.10	-0.10	-0.11	-0.10	-0.08	-0.07	-0.09
Basic Earnings per Share	$0.25	$0.56	$0.55	$0.78	$0.33	$0.42	$0.52	$0.73	$0.16	$0.30	$0.35
Weighted Average Basic Shares Outstanding	96.63M	96.91M	97.33M	97.03M	95.54M	94.71M	92.01M	92.97M	88.13M	88.16M	88.31M
Diluted Earnings per Share	$0.25	$0.55	$0.55	$0.77	$0.32	$0.42	$0.52	$0.72	$0.15	$0.30	$0.35
Weighted Average Diluted Shares Outstanding	97.79M	97.55M	97.98M	97.82M	96.19M	95.16M	92.52M	93.68M	88.65M	88.66M	89.07M
Weighted Average Basic & Diluted Shares Outstanding	96.90M	97.07M	97.71M	95.29M	95.85M	92.66M	89.59M	87.76M	88.15M	88.32M	88.47M

This table details how cash moves in and out of Patterson Companies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	82	-210	-42	-34	33	-18	65	-1.23	18	-45
Net Cash From Operating Activities	263	156	163	179	48	-244	-731	-981	-755	-789
Net Cash From Continuing Operating Activities	205	195	166	179	48	-244	-731	-981	-755	-789
Net Income / (Loss) Continuing Operations	180	186	174	201	83	-589	155	202	207	186
Consolidated Net Income / (Loss)	223	187	171	201	83	-589	155	202	207	186
Depreciation Expense	24	34	40	45	44	45	42	44	46	50
Amortization Expense	21	53	44	39	38	37	37	38	38	39
Non-Cash Adjustments To Reconcile Net Income	25	37	57	43	41	689	34	-81	20	21
Changes in Operating Assets and Liabilities, net	-45	-115	-149	-149	-158	-425	-999	-1,183	-1,065	-1,084
Net Cash From Investing Activities	-9.60	-401	1.19	17	341	499	811	1,239	902	960
Net Cash From Continuing Investing Activities	-13	-1,115	1.19	17	341	499	811	1,239	902	960
Purchase of Property, Plant & Equipment	-61	-79	-47	-43	-61	-42	-26	-38	-64	-68
Acquisitions	-11	-1,107	-	-	-	0.00	0.00	-20	-33	-1.11
Purchase of Investments	-0.54	-	-	-	-	-	0.00	0.00	-15	0.00
Divestitures	-	22	51	50	402	541	834	1,213	999	1,028
Sale and/or Maturity of Investments	-	-	-	-	-	0.00	0.40	76	0.00	0.00
Other Investing Activities, net	18	0.00	-3.19	11	-0.91	0.00	2.10	7.69	15	0.00
Net Cash From Financing Activities	-151	43	-202	-230	-355	-271	-23	-253	-126	-216
Net Cash From Continuing Financing Activities	-151	43	-202	-230	-355	-271	-23	-253	-126	-216
Repayment of Debt	-250	-694	-28	-208	-266	-471	-0.46	-93	14	-29
Repurchase of Common Equity	-48	-200	-125	-88	-	0.00	0.00	-35	-55	-230
Payment of Dividends	-82	-91	-96	-99	-99	-100	-75	-101	-101	-98
Issuance of Debt	250	1,027	47	164	9.76	300	53	-24	16	141
Effect of Exchange Rate Changes	-20	-8.37	-4.24	-	-0.98	-2.06	7.80	-6.03	-2.58	0.53
Cash Interest Paid	34	38	35	37	31	26	15	15	20	26
Cash Income Taxes Paid	111	152	108	20	18	12	49	84	62	78

This table details how cash moves in and out of Patterson Companies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	7.55	-9.28	7.01	12	-51	5.31	10	-9.54	34	9.86	-23
Net Cash From Operating Activities	-303	-218	-208	-27	-253	-232	-235	-70	-285	-174	-276
Net Cash From Continuing Operating Activities	-303	-218	-208	-27	-253	-232	-235	-70	-285	-174	-276
Net Income / (Loss) Continuing Operations	24	54	54	75	31	40	48	67	14	27	31
Consolidated Net Income / (Loss)	24	54	54	75	31	40	48	67	14	27	31
Depreciation Expense	11	12	12	12	11	12	13	13	13	13	13
Amortization Expense	9.35	9.33	9.48	9.77	9.63	9.63	9.63	9.66	9.64	9.73	9.72
Non-Cash Adjustments To Reconcile Net Income	11	2.76	5.10	1.07	9.28	5.53	4.70	1.10	9.81	-6.74	3.81
Changes in Operating Assets and Liabilities, net	-358	-295	-288	-124	-315	-299	-309	-161	-331	-217	-335
Net Cash From Investing Activities	238	210	219	234	224	231	263	242	258	291	210
Net Cash From Continuing Investing Activities	238	210	219	234	224	231	263	242	258	291	210
Purchase of Property, Plant & Equipment	-15	-12	-16	-22	-17	-16	-18	-16	-14	-13	-20
Acquisitions	0.00	-15	-33	15	-1.11	-	-	-	0.00	-7.90	-4.07
Other Investing Activities, net	253	237	268	-743	242	247	281	-770	272	225	234
Net Cash From Financing Activities	73	4.06	-9.59	-194	-23	9.94	-21	-182	59	-108	46
Net Cash From Continuing Financing Activities	73	4.06	-9.59	-194	-23	9.94	-21	-182	59	-108	46
Repayment of Debt	-2.14	0.38	15	1.49	0.82	1.82	-33	1.42	-1.90	1.25	0.78
Payment of Dividends	-25	-25	-25	-25	-25	-25	-25	-23	-23	-23	-23
Issuance of Debt	116	29	1.00	-130	31	94	161	-145	134	-86	68
Effect of Exchange Rate Changes	-1.71	-5.23	5.19	-0.84	1.57	-3.77	2.46	0.28	1.47	0.20	-2.20

This table presents Patterson Companies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,945	3,521	3,508	3,472	3,269	2,715	2,752	2,742	2,879	2,897
Total Current Assets	1,573	1,748	1,804	1,773	1,604	1,543	1,616	1,679	1,783	1,779
Cash & Equivalents	347	137	95	63	96	78	143	142	160	114
Accounts Receivable	586	797	885	827	582	417	449	447	477	547
Inventories, net	408	722	712	780	761	812	737	786	795	783
Prepaid Expenses	-	-	-	-	-	-	-	-	-	334
Plant, Property, & Equipment, net	204	293	298	291	306	304	219	213	212	229
Total Noncurrent Assets	1,168	1,480	1,406	1,408	1,359	869	916	849	884	889
Noncurrent Note & Lease Receivables	72	88	102	135	113	215	224	139	122	130
Goodwill	300	817	814	816	816	139	140	141	156	156
Intangible Assets	125	509	425	389	351	314	280	253	232	193
Other Noncurrent Operating Assets	35	66	65	68	79	202	273	317	374	409
Total Liabilities & Shareholders' Equity	2,945	3,521	3,508	3,472	3,269	2,715	2,752	2,742	2,879	2,897
Total Liabilities	1,431	2,079	2,113	2,010	1,789	1,879	1,787	1,699	1,761	1,895
Total Current Liabilities	578	829	904	908	876	1,075	1,090	1,016	1,085	1,333
Short-Term Debt	0.00	37	74	93	24	0.00	154	29	81	309
Accounts Payable	323	566	617	610	648	862	609	681	725	745
Accrued Expenses	143	151	156	136	130	114	176	174	169	167
Current Employee Benefit Liabilities	72	75	57	69	74	68	118	102	82	78
Other Current Liabilities	-	-	-	-	0.00	31	32	29	28	33
Total Noncurrent Liabilities	853	1,250	1,210	1,101	913	804	697	683	675	562
Long-Term Debt	723	1,022	998	922	725	588	488	489	451	329
Other Noncurrent Operating Liabilities	40	21	20	27	24	82	85	74	105	234
Total Equity & Noncontrolling Interests	1,514	1,442	1,394	1,462	1,481	836	965	1,043	1,119	1,002
Total Preferred & Common Equity	1,514	1,442	1,394	1,462	1,477	834	963	1,042	1,118	1,001
Total Common Equity	1,514	1,442	1,394	1,462	1,477	834	963	1,042	1,118	1,001
Common Stock	22	49	74	105	132	148	170	201	235	260
Retained Earnings	1,630	1,529	1,481	1,498	1,483	800	856	922	972	831
Accumulated Other Comprehensive Income / (Loss)	-60	-68	-93	-75	-88	-97	-63	-82	-89	-90
Noncontrolling Interest	-	-	-	0.00	3.25	2.33	1.46	0.96	1.00	0.59

This table presents Patterson Companies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	2,863	2,758	2,880	2,942	2,884	2,890	2,940	2,875	2,846	2,833
Total Current Assets	1,790	1,706	1,826	1,845	1,772	1,791	1,833	1,762	1,842	1,838
Cash & Equivalents	165	150	140	147	109	114	124	148	158	135
Accounts Receivable	467	370	455	423	409	490	485	442	532	470
Inventories, net	869	875	877	939	913	858	903	850	824	889
Prepaid Expenses	290	311	353	336	342	328	321	322	328	343
Plant, Property, & Equipment, net	214	216	208	214	221	219	226	226	225	228
Total Noncurrent Assets	859	836	847	884	890	880	881	886	778	767
Noncurrent Note & Lease Receivables	153	136	114	131	125	121	132	133	119	117
Goodwill	141	141	140	156	157	156	156	156	160	160
Intangible Assets	263	243	233	241	223	212	203	184	181	171
Other Noncurrent Operating Assets	302	317	360	355	386	391	390	414	318	320
Total Liabilities & Shareholders' Equity	2,863	2,758	2,880	2,942	2,884	2,890	2,940	2,875	2,846	2,833
Total Liabilities	1,819	1,731	1,838	1,840	1,772	1,835	1,968	1,922	1,882	1,843
Total Current Liabilities	1,132	1,044	1,144	1,174	1,088	1,149	1,284	1,358	1,344	1,305
Short-Term Debt	135	145	177	211	112	206	335	444	359	429
Accounts Payable	716	656	715	702	717	689	683	657	731	645
Accrued Expenses	150	154	158	159	177	169	161	173	167	137
Current Employee Benefit Liabilities	101	60	66	73	52	55	73	50	53	68
Other Current Liabilities	30	29	28	28	30	30	31	34	34	27
Total Noncurrent Liabilities	687	688	695	666	685	686	684	565	538	537
Long-Term Debt	488	489	486	452	451	450	448	327	325	322
Other Noncurrent Operating Liabilities	199	199	209	214	234	236	236	238	212	215
Total Equity & Noncontrolling Interests	1,044	1,027	1,042	1,102	1,111	1,055	972	953	963	990
Total Preferred & Common Equity	1,043	1,026	1,041	1,101	1,110	1,054	971	952	963	990
Total Common Equity	1,043	1,026	1,041	1,101	1,110	1,054	971	952	963	990
Common Stock	192	207	210	228	243	250	255	266	273	280
Retained Earnings	918	906	935	963	949	903	803	772	776	807
Accumulated Other Comprehensive Income / (Loss)	-68	-86	-104	-89	-82	-99	-86	-86	-85	-97
Noncontrolling Interest	0.94	1.13	1.21	1.12	0.90	0.79	0.68	0.51	0.44	0.35

This table displays calculated financial ratios and metrics derived from Patterson Companies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.09%	37.74%	3.83%	-2.28%	1.99%	-1.52%	7.69%	9.93%	-0.43%	1.50%
EBITDA Growth	3.86%	24.61%	-14.01%	-17.98%	-26.19%	-319.00%	160.53%	-12.00%	45.28%	-2.94%
EBIT Growth	3.72%	14.20%	-16.44%	-23.11%	-35.45%	-499.57%	138.46%	-17.61%	64.45%	-5.21%
NOPAT Growth	3.81%	7.03%	-6.80%	23.60%	-56.42%	-472.74%	140.80%	-27.20%	77.43%	-8.52%
Net Income Growth	11.29%	-16.16%	-8.70%	17.60%	-58.76%	-811.14%	126.32%	30.05%	2.42%	-10.20%
EPS Growth	13.71%	-14.73%	-6.28%	20.67%	-58.80%	-802.25%	125.76%	27.95%	2.91%	-6.60%
Operating Cash Flow Growth	34.14%	-40.49%	4.09%	9.94%	-73.08%	-605.72%	-199.95%	-34.29%	23.05%	-4.57%
Free Cash Flow Firm Growth	1,193.87%	-206.30%	119.51%	7.17%	89.02%	0.19%	-87.89%	248.33%	-15.52%	15.28%
Invested Capital Growth	-38.09%	101.85%	0.36%	1.77%	-11.57%	-36.92%	8.65%	-3.05%	5.14%	2.27%
Revenue Q/Q Growth	11.76%	8.43%	-0.16%	-0.81%	0.65%	-2.66%	4.88%	1.20%	1.29%	0.02%
EBITDA Q/Q Growth	18.28%	6.98%	-3.46%	-14.92%	1.28%	-333.74%	174.42%	20.20%	6.76%	-2.12%
EBIT Q/Q Growth	18.10%	5.43%	-3.53%	-19.45%	2.52%	-573.88%	147.01%	32.00%	8.46%	-3.25%
NOPAT Q/Q Growth	15.25%	6.68%	-1.22%	-12.77%	6.84%	-853.64%	152.90%	28.85%	12.47%	-5.83%
Net Income Q/Q Growth	4.13%	0.59%	-2.25%	-16.86%	8.88%	-1,350.91%	132.17%	20.91%	5.86%	-4.08%
EPS Q/Q Growth	4.67%	0.53%	-0.56%	-16.60%	9.88%	-1,325.49%	131.26%	19.77%	6.53%	-2.46%
Operating Cash Flow Q/Q Growth	28.66%	764.94%	-29.32%	-16.94%	-77.62%	-23.54%	-7.51%	-2.21%	13.74%	-5.74%
Free Cash Flow Firm Q/Q Growth	390.47%	-107.56%	-17.94%	-11.55%	-21.35%	169.19%	-82.23%	151.25%	91.59%	-16.87%
Invested Capital Q/Q Growth	-36.30%	-5.84%	-4.33%	-4.61%	-0.23%	-34.27%	-0.85%	-5.61%	-7.85%	-6.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.12%	24.56%	23.27%	21.94%	21.36%	21.81%	20.35%	19.83%	21.22%	21.01%
EBITDA Margin	9.01%	8.16%	6.75%	5.67%	4.10%	-9.12%	5.13%	4.10%	5.99%	5.73%
Operating Margin	7.79%	6.46%	5.15%	4.02%	2.47%	-10.42%	3.56%	2.42%	4.26%	3.85%
EBIT Margin	7.88%	6.53%	5.26%	4.14%	2.62%	-10.62%	3.79%	2.84%	4.69%	4.38%
Profit (Net Income) Margin	5.71%	3.47%	3.06%	3.68%	1.49%	-10.74%	2.62%	3.10%	3.19%	2.82%
Tax Burden Percent	81.39%	62.04%	68.12%	112.11%	78.02%	99.82%	77.58%	75.76%	76.47%	76.33%
Interest Burden Percent	89.06%	85.77%	85.35%	79.32%	72.81%	101.28%	89.17%	144.13%	88.93%	84.40%
Effective Tax Rate	34.35%	38.45%	30.73%	-12.11%	21.98%	0.00%	22.42%	24.24%	23.53%	23.67%
Return on Invested Capital (ROIC)	13.06%	12.11%	8.43%	10.30%	4.73%	-23.01%	11.63%	8.26%	14.51%	12.80%
ROIC Less NNEP Spread (ROIC-NNEP)	74.55%	2.83%	5.42%	5.58%	1.66%	-55.48%	9.99%	27.21%	13.32%	11.12%
Return on Net Nonoperating Assets (RNNOA)	1.89%	0.55%	3.63%	3.77%	0.91%	-27.86%	5.59%	11.84%	4.61%	4.70%
Return on Equity (ROE)	14.95%	12.67%	12.05%	14.07%	5.63%	-50.87%	17.22%	20.10%	19.12%	17.50%
Cash Return on Invested Capital (CROIC)	60.12%	-55.37%	8.06%	8.55%	17.01%	22.26%	3.34%	11.35%	9.50%	10.56%
Operating Return on Assets (OROA)	10.60%	10.88%	8.36%	6.48%	4.33%	-19.48%	8.20%	6.73%	10.81%	9.97%
Return on Assets (ROA)	7.69%	5.79%	4.86%	5.76%	2.46%	-19.70%	5.67%	7.34%	7.35%	6.42%
Return on Common Equity (ROCE)	14.95%	12.67%	12.05%	14.07%	5.63%	-50.75%	17.19%	20.07%	19.10%	17.49%
Return on Equity Simple (ROE_SIMPLE)	14.75%	12.98%	12.26%	13.75%	5.61%	-70.66%	16.10%	19.36%	18.49%	18.53%
Net Operating Profit after Tax (NOPAT)	200	214	199	247	107	-400	163	119	211	193
NOPAT Margin	5.11%	3.97%	3.57%	4.51%	1.93%	-7.29%	2.76%	1.83%	3.26%	2.94%
Net Nonoperating Expense Percent (NNEP)	-61.49%	9.29%	3.01%	4.72%	3.06%	32.47%	1.64%	-18.95%	1.19%	1.68%
Cost of Revenue to Revenue	72.88%	75.44%	76.73%	78.06%	78.64%	78.19%	79.65%	80.17%	78.78%	78.99%
SG&A Expenses to Revenue	19.33%	18.10%	18.12%	17.92%	18.89%	19.94%	16.79%	17.42%	16.95%	17.16%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.33%	18.10%	18.12%	17.92%	18.89%	32.23%	16.79%	17.42%	16.95%	17.16%
Earnings before Interest and Taxes (EBIT)	308	352	294	226	146	-583	224	185	304	288
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	353	439	378	310	229	-501	303	267	388	376
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.36	2.18	2.32	1.19	1.14	1.51	2.99	2.66	2.26	2.28
Price to Tangible Book Value (P/TBV)	3.28	27.17	20.82	6.78	5.45	3.30	5.29	4.27	3.47	3.51
Price to Revenue (P/Rev)	0.91	0.58	0.58	0.32	0.30	0.23	0.49	0.43	0.39	0.35
Price to Earnings (P/E)	16.01	16.82	18.94	8.65	20.18	0.00	18.45	13.61	12.19	12.29
Dividend Yield	2.37%	2.83%	2.94%	5.66%	5.87%	7.92%	3.49%	3.67%	4.01%	4.08%
Earnings Yield	6.24%	5.95%	5.28%	11.56%	4.96%	0.00%	5.42%	7.35%	8.20%	8.13%
Enterprise Value to Invested Capital (EV/IC)	3.33	1.72	1.78	1.11	1.10	1.32	2.31	2.22	1.95	1.84
Enterprise Value to Revenue (EV/Rev)	1.00	0.76	0.75	0.49	0.42	0.32	0.57	0.48	0.45	0.43
Enterprise Value to EBITDA (EV/EBITDA)	11.05	9.26	11.16	8.68	10.25	0.00	11.14	11.78	7.50	7.47
Enterprise Value to EBIT (EV/EBIT)	12.65	11.57	14.34	11.90	16.07	0.00	15.07	17.01	9.56	9.76
Enterprise Value to NOPAT (EV/NOPAT)	19.49	19.02	21.13	10.91	21.82	0.00	20.67	26.42	13.76	14.55
Enterprise Value to Operating Cash Flow (EV/OCF)	14.83	26.03	25.90	15.03	48.68	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	4.23	0.00	22.08	13.15	6.06	4.57	71.97	19.22	21.03	17.65
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.48	0.73	0.77	0.69	0.51	0.70	0.66	0.50	0.48	0.64
Long-Term Debt to Equity	0.48	0.71	0.72	0.63	0.49	0.70	0.51	0.47	0.40	0.33
Financial Leverage	0.03	0.20	0.67	0.68	0.55	0.50	0.56	0.44	0.35	0.42
Leverage Ratio	1.95	2.19	2.48	2.44	2.29	2.58	3.04	2.74	2.60	2.72
Compound Leverage Factor	1.73	1.88	2.12	1.94	1.67	2.62	2.71	3.94	2.31	2.30
Debt to Total Capital	32.30%	42.34%	43.46%	40.97%	33.60%	41.27%	39.93%	33.17%	32.24%	38.90%
Short-Term Debt to Total Capital	0.00%	1.46%	2.99%	3.74%	1.08%	0.00%	9.57%	1.86%	4.91%	18.83%
Long-Term Debt to Total Capital	32.30%	40.88%	40.47%	37.23%	32.53%	41.27%	30.36%	31.31%	27.33%	20.06%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.15%	0.16%	0.09%	0.06%	0.06%	0.04%
Common Equity to Total Capital	67.70%	57.66%	56.54%	59.03%	66.25%	58.57%	59.98%	66.77%	67.70%	61.07%
Debt to EBITDA	2.05	2.41	2.84	3.27	3.28	-1.17	2.12	1.94	1.37	1.70
Net Debt to EBITDA	0.91	2.10	2.59	3.07	2.86	-1.02	1.64	1.41	0.96	1.39
Long-Term Debt to EBITDA	2.05	2.33	2.64	2.98	3.17	-1.17	1.61	1.83	1.16	0.87
Debt to NOPAT	3.61	4.95	5.37	4.12	6.97	-1.47	3.92	4.35	2.52	3.30
Net Debt to NOPAT	1.61	4.30	4.90	3.86	6.08	-1.27	3.05	3.16	1.77	2.71
Long-Term Debt to NOPAT	3.61	4.78	5.01	3.74	6.75	-1.47	2.98	4.11	2.14	1.70
Altman Z-Score	4.35	3.69	3.69	3.21	3.32	2.33	4.05	4.33	4.22	3.91
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.11%	0.24%	0.21%	0.12%	0.09%	0.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.72	2.11	2.00	1.95	1.83	1.44	1.48	1.65	1.64	1.33
Quick Ratio	1.71	1.13	1.08	0.98	0.77	0.46	0.54	0.58	0.59	0.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	920	-978	191	205	387	387	47	163	138	159
Operating Cash Flow to CapEx	1,320.92%	510.71%	346.07%	413.51%	79.29%	-582.52%	-2,832.79%	-2,560.81%	-1,175.42%	-1,167.27%
Free Cash Flow to Firm to Interest Expense	27.31	-19.54	4.43	4.38	9.75	9.27	1.93	8.06	4.11	3.55
Operating Cash Flow to Interest Expense	7.80	3.12	3.78	3.83	1.21	-5.83	-30.08	-48.35	-22.44	-17.58
Operating Cash Flow Less CapEx to Interest Expense	7.21	2.51	2.69	2.90	-0.32	-6.83	-31.14	-50.24	-24.35	-19.08
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.35	1.67	1.59	1.57	1.65	1.83	2.16	2.37	2.30	2.27
Accounts Receivable Turnover	6.55	7.79	6.65	6.39	7.91	11.00	13.66	14.50	14.00	12.82
Inventory Turnover	6.75	7.19	5.99	5.72	5.69	5.46	6.08	6.85	6.45	6.58
Fixed Asset Turnover	19.12	21.66	18.90	18.56	18.69	18.01	22.60	30.05	30.42	29.76
Accounts Payable Turnover	8.57	9.14	7.26	6.95	6.97	5.68	6.40	8.07	7.25	7.06
Days Sales Outstanding (DSO)	55.71	46.85	54.87	57.15	46.13	33.20	26.73	25.17	26.07	28.47
Days Inventory Outstanding (DIO)	54.10	50.77	60.98	63.81	64.15	66.89	60.03	53.32	56.58	55.51
Days Payable Outstanding (DPO)	42.60	39.95	50.31	52.50	52.40	64.22	57.02	45.20	50.34	51.72
Cash Conversion Cycle (CCC)	67.21	57.68	65.54	68.47	57.87	35.86	29.73	33.29	32.31	32.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,171	2,363	2,372	2,413	2,134	1,346	1,463	1,418	1,491	1,525
Invested Capital Turnover	2.55	3.05	2.36	2.28	2.45	3.15	4.21	4.51	4.45	4.36
Increase / (Decrease) in Invested Capital	-720	1,192	8.55	42	-279	-788	116	-45	73	34
Enterprise Value (EV)	3,897	4,070	4,214	2,690	2,344	1,771	3,378	3,142	2,905	2,809
Market Capitalization	3,575	3,148	3,237	1,738	1,688	1,258	2,878	2,766	2,531	2,286
Book Value per Share	$14.67	$14.55	$14.36	$15.45	$15.52	$8.71	$9.97	$10.67	$11.44	$11.17
Tangible Book Value per Share	$10.55	$1.17	$1.60	$2.71	$3.26	$3.99	$5.63	$6.64	$7.46	$7.27
Total Capital	2,237	2,500	2,466	2,476	2,230	1,424	1,606	1,560	1,651	1,639
Total Debt	723	1,059	1,072	1,015	749	588	641	518	532	638
Total Long-Term Debt	723	1,022	998	922	725	588	488	489	451	329
Net Debt	322	921	977	952	654	510	498	376	373	523
Capital Expenditures (CapEx)	20	31	47	43	61	42	26	38	64	68
Debt-free, Cash-free Net Working Capital (DFCFNWC)	595	817	878	894	657	390	537	550	619	641
Debt-free Net Working Capital (DFNWC)	996	955	973	957	753	468	680	692	779	755
Net Working Capital (NWC)	996	918	900	864	729	468	526	663	698	446
Net Nonoperating Expense (NNE)	-23	27	29	46	25	189	8.28	-83	4.44	7.53
Net Nonoperating Obligations (NNO)	-344	921	977	952	654	510	498	376	373	523
Total Depreciation and Amortization (D&A)	45	88	84	84	83	82	79	82	84	88
Debt-free, Cash-free Net Working Capital to Revenue	15.21%	15.17%	15.71%	16.36%	11.79%	7.10%	9.08%	8.47%	9.57%	9.75%
Debt-free Net Working Capital to Revenue	25.46%	17.72%	17.40%	17.51%	13.50%	8.52%	11.50%	10.65%	12.03%	11.49%
Net Working Capital to Revenue	25.46%	17.05%	16.09%	15.81%	13.07%	8.52%	8.90%	10.21%	10.78%	6.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.26	$1.93	$1.80	$2.17	$0.90	($6.25)	$1.63	$2.09	$2.14	$2.00
Adjusted Weighted Average Basic Shares Outstanding	98.99M	97.22M	94.90M	92.47M	92.76M	94.15M	95.60M	97.28M	97.03M	92.97M
Adjusted Diluted Earnings per Share	$2.24	$1.91	$1.79	$2.16	$0.89	($6.25)	$1.61	$2.06	$2.12	$1.98
Adjusted Weighted Average Diluted Shares Outstanding	99.69M	97.90M	95.57M	93.09M	93.48M	94.15M	96.66M	98.51M	97.82M	93.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($6.25)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	103.22M	99.10M	96.34M	94.72M	95.32M	95.98M	96.88M	96.74M	95.29M	87.76M
Normalized Net Operating Profit after Tax (NOPAT)	200	214	199	154	107	72	163	119	211	193
Normalized NOPAT Margin	5.11%	3.97%	3.57%	2.82%	1.93%	1.31%	2.76%	1.83%	3.26%	2.94%
Pre Tax Income Margin	7.01%	5.60%	4.49%	3.28%	1.91%	-10.75%	3.38%	4.10%	4.17%	3.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.14	7.03	6.83	4.84	3.68	-13.95	9.23	9.11	9.03	6.41
NOPAT to Interest Expense	5.93	4.27	4.63	5.27	2.71	-9.58	6.73	5.86	6.27	4.30
EBIT Less CapEx to Interest Expense	8.55	6.41	5.73	3.91	2.15	-14.95	8.17	7.22	7.12	4.91
NOPAT Less CapEx to Interest Expense	5.34	3.66	3.54	4.35	1.18	-10.58	5.67	3.97	4.37	2.79
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.62%	48.40%	56.12%	49.36%	120.02%	-17.04%	48.47%	50.13%	49.05%	53.00%
Augmented Payout Ratio	57.91%	155.25%	129.49%	92.90%	120.02%	-17.04%	48.47%	67.48%	75.91%	176.72%

This table displays calculated financial ratios and metrics derived from Patterson Companies' official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.67%	-1.39%	0.27%	5.03%	3.51%	1.63%	0.95%	0.09%	-2.22%	1.31%	-2.70%
EBITDA Growth	422.96%	10.08%	14.62%	22.97%	25.27%	-13.51%	-4.19%	-6.19%	-24.35%	-18.15%	-20.09%
EBIT Growth	196.11%	12.39%	17.90%	27.51%	36.86%	-18.26%	-6.77%	-8.81%	-37.99%	-26.03%	-27.25%
NOPAT Growth	190.69%	-3.01%	28.98%	41.62%	7.66%	-6.72%	-8.83%	-15.09%	-23.45%	-33.49%	-38.53%
Net Income Growth	-28.23%	11.91%	-4.82%	18.05%	28.32%	-25.71%	-11.61%	-10.56%	-56.19%	-33.02%	-34.51%
EPS Growth	-28.57%	12.24%	-5.17%	20.31%	28.00%	-23.64%	-5.45%	-6.49%	-53.13%	-28.57%	-32.69%
Operating Cash Flow Growth	3.47%	3.53%	29.51%	81.85%	16.25%	-6.57%	-12.76%	-160.85%	-12.47%	25.10%	-17.83%
Free Cash Flow Firm Growth	78.24%	-394.56%	-405.62%	-93.55%	-151.96%	133.24%	171.31%	417.59%	149.57%	1,300.64%	46.36%
Invested Capital Growth	2.51%	5.01%	7.69%	5.14%	3.57%	2.10%	0.83%	2.27%	0.65%	-6.72%	-1.59%
Revenue Q/Q Growth	-7.05%	6.76%	-1.56%	7.51%	-8.39%	4.82%	-2.22%	6.59%	-10.50%	8.60%	-6.09%
EBITDA Q/Q Growth	-46.79%	74.66%	1.02%	30.97%	-45.79%	20.58%	11.92%	28.23%	-56.28%	30.46%	9.26%
EBIT Q/Q Growth	-57.49%	113.79%	0.92%	39.03%	-54.37%	27.68%	15.10%	35.99%	-68.97%	52.31%	13.20%
NOPAT Q/Q Growth	-51.47%	67.43%	29.49%	34.59%	-63.11%	45.07%	26.57%	25.35%	-66.74%	26.04%	16.97%
Net Income Q/Q Growth	-61.73%	121.14%	0.37%	38.99%	-58.41%	28.03%	19.42%	40.65%	-79.63%	95.73%	16.76%
EPS Q/Q Growth	-60.94%	120.00%	0.00%	40.00%	-58.44%	31.25%	23.81%	38.46%	-79.17%	100.00%	16.67%
Operating Cash Flow Q/Q Growth	-106.01%	28.07%	4.40%	87.19%	-850.54%	8.47%	-1.15%	70.36%	-309.86%	39.04%	-59.12%
Free Cash Flow Firm Q/Q Growth	-109.75%	-196.87%	-94.25%	111.48%	-480.61%	139.16%	316.73%	-16.68%	-63.54%	1,006.50%	-56.45%
Invested Capital Q/Q Growth	6.56%	3.51%	3.43%	-7.85%	4.97%	2.04%	2.15%	-6.53%	3.31%	-5.43%	7.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.49%	20.18%	21.42%	22.65%	20.24%	20.51%	21.72%	21.55%	20.28%	19.59%	20.40%
EBITDA Margin	3.73%	6.10%	6.26%	7.63%	4.51%	5.19%	5.94%	7.15%	3.49%	4.19%	4.88%
Operating Margin	2.29%	3.70%	4.74%	6.11%	2.42%	3.44%	4.33%	5.10%	1.90%	2.25%	2.89%
EBIT Margin	2.40%	4.81%	4.94%	6.38%	3.18%	3.87%	4.56%	5.82%	2.02%	2.83%	3.41%
Profit (Net Income) Margin	1.59%	3.30%	3.36%	4.35%	1.97%	2.41%	2.94%	3.89%	0.88%	1.59%	1.98%
Tax Burden Percent	78.10%	75.82%	77.72%	75.55%	76.65%	74.70%	76.84%	76.82%	76.37%	75.11%	72.77%
Interest Burden Percent	84.81%	90.37%	87.69%	90.17%	81.02%	83.37%	84.08%	86.99%	57.46%	75.08%	79.93%
Effective Tax Rate	21.90%	24.18%	22.28%	24.45%	23.35%	25.31%	23.16%	23.18%	23.63%	24.89%	27.23%
Return on Invested Capital (ROIC)	7.67%	11.72%	15.09%	20.53%	7.88%	10.66%	13.45%	17.05%	6.05%	7.17%	8.46%
ROIC Less NNEP Spread (ROIC-NNEP)	7.06%	13.33%	14.03%	19.30%	8.27%	10.16%	12.40%	16.94%	4.42%	6.88%	8.16%
Return on Net Nonoperating Assets (RNNOA)	3.44%	6.49%	6.37%	6.68%	3.63%	5.16%	7.02%	7.16%	2.31%	3.64%	5.30%
Return on Equity (ROE)	11.11%	18.21%	21.46%	27.21%	11.51%	15.81%	20.48%	24.21%	8.36%	10.81%	13.76%
Cash Return on Invested Capital (CROIC)	9.30%	6.53%	4.62%	9.50%	10.35%	11.22%	11.79%	10.56%	11.21%	18.09%	10.94%
Operating Return on Assets (OROA)	5.59%	10.63%	10.86%	14.70%	7.35%	8.79%	10.18%	13.23%	4.57%	6.46%	7.69%
Return on Assets (ROA)	3.70%	7.28%	7.40%	10.01%	4.57%	5.48%	6.58%	8.84%	2.01%	3.64%	4.47%
Return on Common Equity (ROCE)	11.10%	18.19%	21.44%	27.18%	11.50%	15.80%	20.46%	24.19%	8.35%	10.80%	13.76%
Return on Equity Simple (ROE_SIMPLE)	18.73%	19.01%	17.72%	0.00%	19.23%	18.94%	19.91%	0.00%	17.65%	16.08%	13.99%
Net Operating Profit after Tax (NOPAT)	27	46	59	79	29	43	54	67	22	28	33
NOPAT Margin	1.79%	2.80%	3.69%	4.61%	1.86%	2.57%	3.33%	3.91%	1.45%	1.69%	2.10%
Net Nonoperating Expense Percent (NNEP)	0.60%	-1.62%	1.06%	1.22%	-0.39%	0.50%	1.06%	0.11%	1.63%	0.29%	0.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	3.06%	-	-	-	1.90%
Cost of Revenue to Revenue	79.51%	79.82%	78.58%	77.35%	79.77%	79.49%	78.28%	78.45%	79.72%	80.41%	79.60%
SG&A Expenses to Revenue	0.00%	16.48%	16.68%	0.00%	17.81%	17.07%	17.39%	16.45%	18.37%	17.35%	17.51%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.20%	16.48%	16.68%	16.54%	17.81%	17.07%	17.39%	16.45%	18.37%	17.35%	17.51%
Earnings before Interest and Taxes (EBIT)	37	78	79	110	50	64	74	100	31	47	54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	57	99	100	131	71	86	96	123	54	70	77
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.72	2.33	2.54	2.26	2.69	2.64	2.77	2.28	2.42	1.92	2.76
Price to Tangible Book Value (P/TBV)	4.34	3.63	3.97	3.47	4.09	4.05	4.40	3.51	3.77	2.97	4.14
Price to Revenue (P/Rev)	0.44	0.38	0.44	0.39	0.46	0.42	0.41	0.35	0.35	0.28	0.42
Price to Earnings (P/E)	14.40	12.14	14.23	12.19	13.94	13.90	13.89	12.29	13.70	11.90	19.68
Dividend Yield	3.61%	4.16%	3.61%	4.01%	3.32%	3.58%	3.58%	4.08%	3.96%	4.96%	3.36%
Earnings Yield	6.95%	8.24%	7.03%	8.20%	7.17%	7.19%	7.20%	8.13%	7.30%	8.40%	5.08%
Enterprise Value to Invested Capital (EV/IC)	2.17	1.88	2.05	1.95	2.20	2.08	2.06	1.84	1.86	1.59	2.09
Enterprise Value to Revenue (EV/Rev)	0.51	0.46	0.52	0.45	0.53	0.51	0.51	0.43	0.45	0.36	0.51
Enterprise Value to EBITDA (EV/EBITDA)	9.60	8.41	9.12	7.50	8.56	8.56	8.73	7.47	8.17	6.92	10.33
Enterprise Value to EBIT (EV/EBIT)	12.62	10.99	11.82	9.56	10.85	10.97	11.27	9.76	10.90	9.41	14.42
Enterprise Value to NOPAT (EV/NOPAT)	18.62	16.89	17.65	13.76	16.14	15.81	16.36	14.55	15.74	13.81	22.15
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	23.59	29.54	45.94	21.03	21.62	18.74	17.51	17.65	16.65	8.50	18.90
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.62	0.64	0.60	0.48	0.51	0.62	0.81	0.64	0.81	0.71	0.76
Long-Term Debt to Equity	0.48	0.47	0.41	0.40	0.41	0.43	0.46	0.33	0.34	0.34	0.33
Financial Leverage	0.49	0.49	0.45	0.35	0.44	0.51	0.57	0.42	0.52	0.53	0.65
Leverage Ratio	2.74	2.82	2.70	2.60	2.64	2.75	2.84	2.72	2.79	2.84	2.94
Compound Leverage Factor	2.33	2.54	2.37	2.35	2.14	2.29	2.38	2.37	1.60	2.13	2.35
Debt to Total Capital	38.16%	38.87%	37.55%	32.24%	33.61%	38.34%	44.62%	38.90%	44.74%	41.53%	43.13%
Short-Term Debt to Total Capital	8.73%	10.38%	11.95%	4.91%	6.69%	12.04%	19.09%	18.83%	25.75%	21.79%	24.64%
Long-Term Debt to Total Capital	29.43%	28.48%	25.60%	27.33%	26.92%	26.30%	25.53%	20.06%	18.98%	19.75%	18.49%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.07%	0.07%	0.06%	0.06%	0.05%	0.05%	0.04%	0.04%	0.03%	0.03%	0.02%
Common Equity to Total Capital	61.77%	61.06%	62.38%	67.70%	66.34%	61.62%	55.34%	61.07%	55.23%	58.44%	56.85%
Debt to EBITDA	1.86	1.89	1.83	1.37	1.40	1.69	2.04	1.70	2.15	1.99	2.32
Net Debt to EBITDA	1.42	1.49	1.42	0.96	1.13	1.40	1.72	1.39	1.74	1.53	1.90
Long-Term Debt to EBITDA	1.43	1.39	1.25	1.16	1.12	1.16	1.17	0.87	0.91	0.95	0.99
Debt to NOPAT	3.60	3.80	3.53	2.52	2.64	3.12	3.82	3.30	4.14	3.98	4.97
Net Debt to NOPAT	2.75	2.99	2.75	1.77	2.13	2.58	3.22	2.71	3.35	3.06	4.07
Long-Term Debt to NOPAT	2.78	2.78	2.41	2.14	2.11	2.14	2.19	1.70	1.76	1.89	2.13
Altman Z-Score	4.08	3.84	3.90	4.00	4.08	3.95	3.74	3.69	3.57	3.54	3.87
Noncontrolling Interest Sharing Ratio	0.12%	0.10%	0.10%	0.09%	0.09%	0.10%	0.09%	0.07%	0.07%	0.06%	0.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.63	1.60	1.57	1.64	1.63	1.56	1.43	1.33	1.30	1.37	1.41
Quick Ratio	0.50	0.52	0.49	0.59	0.48	0.53	0.47	0.50	0.43	0.51	0.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9.81	-29	-57	6.49	-25	9.68	40	34	12	136	59
Operating Cash Flow to CapEx	-2,078.73%	-1,780.14%	-1,328.20%	-122.39%	-1,482.80%	-1,415.81%	-1,323.10%	-423.18%	-2,109.79%	-1,369.05%	-1,366.12%
Free Cash Flow to Firm to Interest Expense	-1.76	-3.86	-5.81	0.60	-2.60	0.91	3.44	2.58	0.93	11.49	5.49
Operating Cash Flow to Interest Expense	-54.38	-28.85	-21.38	-2.47	-26.64	-21.79	-20.01	-5.34	-21.55	-14.72	-25.70
Operating Cash Flow Less CapEx to Interest Expense	-57.00	-30.47	-22.99	-4.49	-28.43	-23.33	-21.52	-6.60	-22.57	-15.80	-27.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.33	2.21	2.20	2.30	2.31	2.27	2.23	2.27	2.27	2.29	2.26
Accounts Receivable Turnover	17.23	13.64	14.36	14.00	16.75	13.86	14.48	12.82	15.35	12.82	13.64
Inventory Turnover	6.18	5.93	5.60	6.45	5.76	5.95	5.61	6.58	5.86	6.17	5.78
Fixed Asset Turnover	29.62	30.30	29.84	30.42	29.82	30.68	29.86	29.76	29.20	29.50	28.70
Accounts Payable Turnover	8.14	6.80	7.13	7.25	7.49	7.35	7.46	7.06	7.51	7.31	7.80
Days Sales Outstanding (DSO)	21.19	26.77	25.42	26.07	21.80	26.33	25.21	28.47	23.78	28.47	26.75
Days Inventory Outstanding (DIO)	59.05	61.59	65.23	56.58	63.40	61.37	65.04	55.51	62.33	59.11	63.16
Days Payable Outstanding (DPO)	44.82	53.67	51.17	50.34	48.70	49.63	48.94	51.72	48.62	49.91	46.81
Cash Conversion Cycle (CCC)	35.42	34.69	39.48	32.31	36.50	38.07	41.32	32.26	37.50	37.67	43.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,511	1,564	1,618	1,491	1,565	1,597	1,632	1,525	1,575	1,490	1,606
Invested Capital Turnover	4.29	4.18	4.09	4.45	4.24	4.14	4.04	4.36	4.16	4.25	4.02
Increase / (Decrease) in Invested Capital	37	75	116	73	54	33	13	34	10	-107	-26
Enterprise Value (EV)	3,275	2,946	3,312	2,905	3,442	3,324	3,353	2,809	2,931	2,374	3,348
Market Capitalization	2,790	2,422	2,795	2,531	2,987	2,781	2,693	2,286	2,307	1,848	2,732
Book Value per Share	$10.60	$10.74	$11.35	$11.44	$11.65	$11.00	$10.48	$11.17	$10.85	$10.93	$11.20
Tangible Book Value per Share	$6.64	$6.89	$7.25	$7.46	$7.67	$7.16	$6.60	$7.27	$6.97	$7.05	$7.47
Total Capital	1,661	1,705	1,765	1,651	1,674	1,711	1,756	1,639	1,724	1,648	1,741
Total Debt	634	663	663	532	563	656	783	638	771	684	751
Total Long-Term Debt	489	486	452	451	451	450	448	329	327	325	322
Net Debt	484	522	516	373	454	542	659	523	623	526	616
Capital Expenditures (CapEx)	15	12	16	22	17	16	18	16	14	13	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	658	718	735	619	688	734	760	641	700	699	826
Debt-free Net Working Capital (DFNWC)	807	859	882	779	796	848	884	755	848	857	961
Net Working Capital (NWC)	662	682	671	698	684	642	549	446	405	498	532
Net Nonoperating Expense (NNE)	2.95	-8.08	5.16	4.57	-1.83	2.65	6.20	0.49	8.79	1.57	1.90
Net Nonoperating Obligations (NNO)	484	522	516	373	454	542	659	523	623	526	616
Total Depreciation and Amortization (D&A)	20	21	21	21	21	22	22	23	23	23	23
Debt-free, Cash-free Net Working Capital to Revenue	10.27%	11.25%	11.50%	9.57%	10.54%	11.21%	11.57%	9.75%	10.72%	10.66%	12.69%
Debt-free Net Working Capital to Revenue	12.60%	13.45%	13.80%	12.03%	12.21%	12.95%	13.46%	11.49%	12.99%	13.07%	14.76%
Net Working Capital to Revenue	10.34%	10.68%	10.50%	10.78%	10.49%	9.80%	8.36%	6.79%	6.19%	7.59%	8.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	$0.56	$0.55	$0.78	$0.33	$0.42	$0.52	$0.73	$0.16	$0.30	$0.35
Adjusted Weighted Average Basic Shares Outstanding	96.63M	96.91M	97.33M	97.03M	95.54M	94.71M	92.01M	92.97M	88.13M	88.16M	88.31M
Adjusted Diluted Earnings per Share	$0.25	$0.55	$0.55	$0.77	$0.32	$0.42	$0.52	$0.72	$0.15	$0.30	$0.35
Adjusted Weighted Average Diluted Shares Outstanding	97.79M	97.55M	97.98M	97.82M	96.19M	95.16M	92.52M	93.68M	88.65M	88.66M	89.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	96.90M	97.07M	97.71M	95.29M	95.85M	92.66M	89.59M	87.76M	88.15M	88.32M	88.47M
Normalized Net Operating Profit after Tax (NOPAT)	27	46	59	79	29	43	54	67	22	28	33
Normalized NOPAT Margin	1.79%	2.80%	3.69%	4.61%	1.86%	2.57%	3.33%	3.91%	1.45%	1.69%	2.10%
Pre Tax Income Margin	2.04%	4.35%	4.33%	5.76%	2.58%	3.23%	3.83%	5.06%	1.16%	2.12%	2.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.58	10.38	8.12	10.17	5.27	6.01	6.28	7.69	2.35	4.01	4.98
NOPAT to Interest Expense	4.89	6.04	6.06	7.35	3.08	3.99	4.59	5.17	1.70	2.40	3.08
EBIT Less CapEx to Interest Expense	3.97	8.76	6.51	8.16	3.47	4.47	4.77	6.43	1.33	2.94	3.10
NOPAT Less CapEx to Interest Expense	2.28	4.42	4.45	5.34	1.28	2.45	3.08	3.91	0.67	1.32	1.19
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	52.76%	51.26%	51.92%	49.05%	47.48%	50.55%	51.91%	53.00%	57.26%	60.84%	66.80%
Augmented Payout Ratio	78.78%	76.53%	77.54%	75.91%	80.27%	116.15%	183.79%	176.72%	206.04%	182.89%	113.69%

Frequently Asked Questions About Patterson Companies' Financials

When does Patterson Companies's financial year end?

According to the most recent income statement we have on file, Patterson Companies' fiscal year ends in April. Their fiscal year 2024 ended on April 27, 2024.

How has Patterson Companies' net income changed over the last 9 years?

Patterson Companies' net income appears to be on a downward trend, with a most recent value of $185.52 million in 2024, falling from $223.26 million in 2015. The previous period was $206.60 million in 2023.

What is Patterson Companies's operating income?

Patterson Companies's total operating income in 2024 was $252.92 million, based on the following breakdown:

Total Gross Profit: $1.38 billion
Total Operating Expenses: $1.13 billion

How has Patterson Companies revenue changed over the last 9 years?

Over the last 9 years, Patterson Companies' total revenue changed from $3.91 billion in 2015 to $6.57 billion in 2024, a change of 67.9%.

How much debt does Patterson Companies have?

Patterson Companies' total liabilities were at $1.90 billion at the end of 2024, a 7.6% increase from 2023, and a 32.4% increase since 2015.

How much cash does Patterson Companies have?

In the past 9 years, Patterson Companies' cash and equivalents has ranged from $62.98 million in 2018 to $347.26 million in 2015, and is currently $114.46 million as of their latest financial filing in 2024.

How has Patterson Companies' book value per share changed over the last 9 years?

Over the last 9 years, Patterson Companies' book value per share changed from 14.67 in 2015 to 11.17 in 2024, a change of -23.8%.

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This page (NASDAQ:PDCO) was last updated on 4/16/2025 by MarketBeat.com Staff

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Patterson Companies (PDCO) Financials

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Patterson Companies (PDCO) Financials

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