PTRNPattern Group Inc.
Retail-Catalog & Mail-Order Houses
- Revenue
- $2.5B
- 39% YoY
- Operating margin
- 1.0%
- 79% YoY
- EBITDA
- $42M
- 59% YoY
- Market cap
- $3.0B
- Employees
- 2,300
- $1M revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 15.5
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo612% of net incomeCash flow under 80% of net income
- Dilutive SBCNo4% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo4% of assetsOver 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$1M · 61st pctBottom quartile of its SIC industry
- Quiet on AINo15.5 per 10K words · 97th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$3.0B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$167M netNet sales over $10M in 12 months
Financials
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $1.4B | $1.8B | $2.5B | 39% |
| Operating income | $53M | $87M | $25M | 71% |
| Net income | $41M | $68M | $16M | 76% |
| Operating cash flow | $41M | $70M | $99M | 41% |
| Capex | $14M | $20M | $20M | 0.2% |
| Stock-based comp | −$206K | $0 | $97M | |
| Buybacks | $0 | $3M | $0 | 100% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Sep 25, 2025 | Wright David K. | SCHEDULE 13D | 62.6% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $167M · 3
- Net
- −$167M
Pay vs performance
No pay-versus-performance disclosure yet.