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Patrick Industries, Inc. PATK R2K

Consumer Cyclical · Recreational Vehicles · United States
https://www.patrickind.com

Patrick Industries, Inc. manufactures and distributes component and materials for recreational vehicle, marine, powersports, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. The company operates through Manufacturing and Distribution segments. Its Manufacturing segment manufactures and sells laminated for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinetry; polymer-based and other flooring products; and dash panels. This segment also provides wrapped vinyl, paper, and hardwood profile mouldings; interior passage doors; air handling products; slide-out trim and fascia; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and components; boat towers, tops, trailers, and frames; adhesives and sealants; thermoformed shower surrounds; specialty bath, and closet building products; wiring and wire harnesses; aluminum and plastic fuel tanks; CNC molds, composite parts, and marine hardware and accessories; slotwall panels and components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panels, drywall and finishing products, electronic and audio systems, appliances, and marine accessories; wiring, electrical, and plumbing products; fiber reinforced polyester products; and cement siding, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other products. This segment also offers transportation and logistics services. Patrick Industries, Inc. was incorporated in 1959 and is based in Elkhart, Indiana.

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$90.52
+7.17% 1Y

Market & Price

Market Cap
$2.98B
Current Price
$90.52
High / Low (52W)
$144.50 / $81.26
Beta
1.11

Valuation

Stock P/E
23.27
Industry PE
22.37
Forward P/E
15.21
PEG Ratio
3.46
Book Value
$35.65
Price to Book
2.54
P/S
0.75
EV/EBITDA
10.20
Dividend Yield
2.08%

Profitability & Returns

ROCE
9.22%
ROE
11.70%
ROA
5.37%
Profit Margin
3.45%
Op Margin
6.49%
EPS (Latest Qtr)
$1.10
EPS (TTM)
$3.89

Balance Sheet & Liquidity

Debt/Equity
1.35
Quick Ratio
0.86
Current Ratio
2.71
Debt
$1.61B
Total Assets
$3.08B
Current Assets
$873.12M
Working Capital
$524.63M

Ownership

Promoter Holding
3.99%
Chg in Prom Hold
-0.00%
FII / Inst Holding
112.73%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
$4.55B
Total Revenue (TTM)
$3.94B
EBITDA
$445.48M
Free Cash Flow
$112.37M
Operating Cash Flow
$275.33M
Shares Outstanding
32.89M
Gross Margin
23.10%
Payout Ratio
44.73%

Growth (CAGR)

Revenue 5Y
-6.81%
Profit 5Y
-25.62%
Revenue (YoY)
-0.60%
Earnings (YoY)
-0.90%

PROS

  • Generates positive free cash flow.

CONS

  • Revenue declined at -6.8% CAGR over 5 years.
  • Earnings shrank at -25.6% CAGR over 5 years.
  • Trading 37.4% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 PATK Patrick Industries, Inc. R2K 90.52 23.27 $2.98B 2.08% 9.22% 11.70% -6.81% -25.62%
2 AMZN Amazon.com, Inc. NDXSPXAI 270.64 31.65 $2.91T - 16.60% 24.29% 11.73% 984.47%
3 TSLA Tesla, Inc. NDXSPXAI 435.79 399.81 $1.64T - 5.29% 4.90% 5.19% -32.94%
4 HD The Home Depot, Inc. SPX 317.14 22.52 $316.23B 2.94% 28.92% 128.38% 1.52% -6.11%
5 MCD McDonald's Corporation SPX 279.20 23.04 $198.37B 2.66% 22.63% - 5.06% 11.50%
6 TJX The TJX Companies, Inc. SPX 154.75 30.11 $171.12B 1.24% 32.91% 61.25% 6.53% 16.24%
7 BKNG Booking Holdings Inc. NDXSPX 167.43 22.09 $129.74B 0.96% 67.24% - 16.35% 20.90%
8 LOW Lowe's Companies, Inc. SPX 214.36 18.12 $120.26B 2.24% 29.62% - -3.85% 1.11%
9 PDD PDD Holdings Inc. NDX 84.44 8.87 $120.19B - 28.69% 25.40% 49.00% 45.85%
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Quarterly Results

Figures in USD.

Metric Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Apr 2018Jul 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Apr 2023Jul 2023Oct 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ----345.43M407.14M407.51M475.57M551.83M604.88M575.14M531.21M608.22M613.22M566.19M549.46M589.23M424.05M700.71M772.61M850.48M1.02B1.06B1.15B1.34B1.48B1.11B951.91M900.10M920.68M866.07M933.49M1.02B--1.00B1.05B975.63M924.17M997.17M
Cost of Revenue -----------------------------------774.83M796.92M754.67M711.50M770.31M
Gross Profit 45.35M55.28M48.85M52.98M57.55M71.50M69.18M80.68M97.75M114.79M106.66M96.67M106.55M112.66M104.33M99.33M109.48M73.72M133.50M142.32M161.53M204.48M208.16M227.02M295.35M327.10M236.45M201.04M194.24M209.97M199.12M204.85M231.29M--228.59M250.63M220.96M212.67M226.86M
Operating Expenses -----------------------------------163.02M163.91M154.67M155.27M162.14M
Operating Income 20.61M28.01M20.12M-23.91M33.71M30.17M-41.76M53.05M44.71M-35.83M45.23M37.41M-39.28M12.11M59.83M-68.48M95.27M93.27M-161.75M174.03M92.76M-56.23M75.58M71.08M59.34M84.69M--65.57M86.72M66.29M57.41M64.72M
EBITDA -----------------------------------108.22M104.91M108.26M100.39M107.50M
Interest Expense -----------------------------------19.11M18.87M18.45M18.07M18.39M
Pretax Income -----------------------------------46.46M43.43M47.84M39.33M46.33M
Tax Provision -----------------------------------8.22M11.00M12.54M10.25M6.85M
Net Income 12.97M16.97M12.07M13.56M17.47M21.26M17.95M29.05M30.07M34.86M27.93M26.97M20.85M27.42M21.32M19.98M21.19M714.00K37.34M37.82M47.51M58.98M57.40M61.02M112.67M116.52M58.82M40.18M30.17M42.36M39.55M35.09M47.88M--38.24M32.44M35.30M29.08M39.48M
Diluted EPS 0.570.740.530.590.750.850.721.161.201.421.151.150.901.180.920.860.910.031.621.642.042.522.452.624.544.792.431.681.351.941.811.061.44--1.110.961.010.831.10

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -------1.22B1.64B2.26B2.34B2.49B-4.88B3.47B3.72B3.95B
Cost of Revenue -------------3.82B2.69B2.88B3.04B
Gross Profit 22.88M29.64M44.31M65.74M91.02M118.50M152.28M202.47M278.92M415.87M422.87M459.02M-1.06B782.23M835.89M912.86M
Operating Expenses -------------563.77M522.03M577.85M636.87M
Operating Income 1.35M6.41M13.47M27.04M40.95M51.47M69.92M90.84M121.90M178.41M154.44M173.37M-496.17M260.20M258.04M275.99M
EBITDA -------------626.93M404.74M424.58M421.78M
Interest Expense -------------60.76M68.94M79.47M74.51M
Pretax Income -------------435.41M191.26M178.57M177.06M
Tax Provision -------------107.21M48.36M40.17M42.01M
Net Income -4.52M1.23M8.47M28.09M24.04M30.67M42.22M55.58M85.72M119.83M89.57M97.06M-328.20M142.90M138.40M135.06M
Diluted EPS -0.490.120.832.641.491.911.812.433.484.933.854.20-8.994.334.113.90

Compounded Sales Growth

5 Years:-6.81%
1 Year:-0.60%

Compounded Profit Growth

5 Years:-25.62%
1 Year:-0.90%

Stock Price Performance

1 Year:+7.17%
6 Months:-14.32%
3 Months:-26.50%
1 Month:-2.48%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --74.82M85.77M143.47M174.19M255.56M381.58M534.95M866.64M1.23B1.47B1.75B-2.78B2.56B3.02B3.08B
Current Assets --------------909.90M734.63M822.62M873.12M
Cash & Equivalents 2.67M60.00K1.96M550.00K434.00K34.00K123.00K87.00K6.45M2.77M6.89M139.39M44.77M-22.85M11.41M33.56M26.43M
Inventory --------------667.84M510.13M551.62M595.26M
Receivables --------------144.30M136.80M149.15M171.74M
Total Liabilities --56.68M56.93M82.06M91.88M152.79M252.99M349.50M495.96M822.48M973.51M1.19B-1.83B1.52B1.89B1.89B
Current Liabilities --50.06M19.85M29.15M32.41M45.14M57.93M86.09M136.43M157.75M186.94M227.39M-367.24M308.50M353.62M348.49M
Long Term Debt --031.95M49.72M55.00M101.05M193.14M256.81M338.11M621.75M670.35M810.91M-1.28B1.02B1.31B1.28B
Total Debt --------------1.45B1.21B1.52B1.49B
Total Equity --18.14M28.84M61.41M82.31M102.77M128.60M185.45M370.69M408.75M497.48M559.44M-955.17M1.05B1.13B1.18B
Shares Outstanding --------------33.32M33.24M33.57M33.22M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 3.91M7.89M11.81M21.00M22.43M46.32M66.86M97.15M99.90M200.01M192.41M160.15M-411.74M408.67M326.84M329.41M
Investing Cash Flow 13.22M1.19M-9.74M-37.22M-24.26M-78.62M-147.39M-154.00M-273.14M-371.37M-79.21M-337.88M--321.47M-86.55M-512.85M-206.49M
Financing Cash Flow -19.75M-7.18M-3.48M16.11M1.43M32.39M80.50M63.21M169.55M175.49M19.30M83.11M--190.27M-333.56M208.16M-130.06M
Capital Expenditure -309.00K-1.36M-2.44M-7.89M-8.67M-6.54M-7.96M-15.41M-22.50M-34.49M-27.66M-32.10M--80.19M-62.05M-103.51M-87.50M
Free Cash Flow 3.60M6.53M9.38M13.10M13.76M39.78M58.90M81.74M77.40M165.53M164.75M128.05M-331.55M346.62M223.33M241.91M
Net Change in Cash --------------100.00M-11.44M22.15M-7.13M
Share Buybacks ----6.08M13.93M22.64M5.21M0107.57M3.81M23.11M48.94M77.12M18.81M4.66M31.97M
Dividends Paid ---------05.80M23.63M27.02M32.87M42.14M50.19M55.27M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -------16.6%17.1%18.4%18.1%18.5%-21.7%22.6%22.5%23.1%
Operating Margin % -------7.4%7.5%7.9%6.6%7.0%-10.2%7.5%6.9%7.0%
Net Margin % -------4.5%5.2%5.3%3.8%3.9%-6.7%4.1%3.7%3.4%
ROE % -6.8%29.4%45.8%29.2%29.8%32.8%30.0%23.1%29.3%18.0%17.3%-34.4%13.7%12.3%11.4%
ROCE % -25.9%20.4%23.7%28.9%24.5%21.6%20.2%16.7%16.6%12.0%11.4%-20.5%11.5%9.7%10.1%

Shareholding Pattern

Insiders
3.99%
Institutions
112.73%
Public Float
117.42%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 14.48% 4.76M $431.29M
2 FMR, LLC 10.89% 3.58M $324.18M
3 Wellington Management Group, LLP 5.33% 1.75M $158.82M
4 Dimensional Fund Advisors LP 4.41% 1.45M $131.36M
5 Vanguard Capital Management LLC 4.36% 1.43M $129.67M
6 Capital Research Global Investors 4.14% 1.36M $123.16M
7 Capital World Investors 3.90% 1.28M $116.26M
8 State Street Corporation 3.80% 1.25M $113.20M
9 Invesco Ltd. 2.86% 939.83K $85.07M
10 Geode Capital Management, LLC 2.48% 816.90K $73.95M

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