Pattern PTRN

Specialty Retail, Consumer Cyclical

$16.19

−2.06%

Market cap: $2.9B
PE: n/m; a loss over the last year
Forward PE: n/m; not a meaningful number
Price to sales: 1.0×
EV/EBIT: 62.9×
Revenue, 12 months: $3B; +44% on a year ago
Net margin: 0.9%
Free cash flow yield: 3.7%

Pattern trades at 1.0× sales. Its trailing earnings are negative, so it has no PE. Revenue was $3B over the last twelve months, up 44% on a year earlier with a 1% net margin.

Charts

Financials

Income statement for PTRN, by quarter
Income statement	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$439.4M	$515.5M	$540.4M	$598.1M	$639.7M+46%	$723.1M+40%	$773.7M+43%	$876.8M+47%
Cost of revenue	$249M	$295M	$304.6M	$341.3M	$356.1M+43%	$408.8M+39%	$433.5M+42%	$492.4M+44%
Gross profit	$190.4M	$220.5M	$235.8M	$256.8M	$283.5M+49%	$314.3M+43%	$340.2M+44%	$384.4M+50%
R&D	$4.1M	$5.3M	$5.6M	$6.5M	$24.6M+504%	$9.6M+82%	$11.2M+98%	$13M+101%
SG&A	$168.7M	$192.1M	$200.8M	$220.2M	$319.1M+89%	$278.6M+45%	$289.5M+44%	$335.9M+53%
	$17.7M	$23.1M	$29.4M	$30.1M	−$60.2M	$26M+13%	$39.6M+35%	$35.5M+18%
Pre-tax income	$19.4M	$24.3M	$30.8M	$31.8M	−$91.3M	$27.9M+15%	$41.5M+35%	$37.5M+18%
	$5.2M	$6M	$8M	$8.1M	−$32.2M	−$838K	$12.3M+55%	$10M+24%
Net income	$14.2M	$18.2M	$22.8M	$23.8M	−$59.1M	$28.7M+58%	$29.2M+28%	$27.5M+16%
	$0.09	$0.13	$0.17	$0.18	−$2.19	$0.16+23%	$0.16−6%	$0.15−17%
	90.8M	90.8M	90.6M	90.6M	101.7M+12%	176.3M+94%	179.5M+98%	181.2M+100%

Gross profit: 8 periods, Q3 FY24 to Q2 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: Q4 FY24 and Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY24 and Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Specialty Retail nearest Pattern's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
PTRNPattern	$2.9B	n/m	n/a	1.0×	+44%	0.9%
AAPAdvance Auto Parts	$2.8B	34.2×	22.7×	0.3×	−1%	1.0%
RHRH	$2.6B	24.5×	32.7×	0.8×	+3%	3.2%
ASOAcademy Sports & Outdoors	$3.7B	10.1×	8.1×	0.6×	+4%	6.4%
GCTGigaCloud Technology	$2.1B	13.8×	8.7×	1.4×	+23%	10.6%
BBWIBath & Body Works	$4.2B	5.5×	9.4×	0.6×	−2%	10.8%
SIGSignet Jewelers	$4.5B	13.5×	10.1×	0.7×	+1%	5.2%
EZPWEzcorp	$1.8B	14.6×	17.6×	1.1×	+29%	10.0%
ARHSArhaus	$1.7B	23.4×	17.5×	1.2×	+5%	4.9%
SBHSally Beauty	$1.6B	9.1×	8.3×	0.4×	+1%	5.2%
NSITInsight Enterprises	$5.2B	25.9×	17.0×	0.6×	+3%	2.5%
Peer median	$2.7B	14.2×	13.5×	0.6×	+3%	5.2%