Patrick Industries Inc (PATK)

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.

Symbol
PATK
Exchange
Nasdaq
Sector
Consumer Cyclical
Industry
Recreational Vehicles
Market cap
$2.22B
52 week range
67 - 148.5

Valuation

Share price
$69.00 (close of 2026-09-28)
P/E (TTM)
15.13x
Price to book
1.96x
Price to free cash flow
17.34x
Enterprise value
$3.84B
Book value per share
$35.21

Price performance

PeriodChange
1 day+0.74%
5 days-0.16%
1 month-17.34%
3 months-27.62%
6 months-35.75%
Year to date-36.36%
1 year-33.40%
3 years+35.75%
5 years+23.68%
10 years+139.42%
All time+34400.00%

Members of Congress who disclosed PATK trades

Gilbert Ray Cisneros · Josh Gottheimer · Lisa McClain

Profitability and growth

Return on equity
11.40%
Return on invested capital
8.83%
Return on assets
4.39%
Return on capital employed
10.12%
Gross margin
23.11%
Net margin
3.42%
EBITDA margin
11.29%
Revenue growth
6.33%
Net income growth
-2.42%
Free cash flow growth
-1.86%

Cash flow and balance sheet

Free cash flow yield (TTM)
5.77%
Current ratio
2.67x
Net debt to EBITDA
3.72x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$3.95B
Cost of revenue
$3.04B
Gross profit
$912.86M
EBITDA
$446.20M
Net income
$135.06M
Earnings per share
$4.16
Shares outstanding
32.49M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$3.95B$912.86M$135.06M$4.16
2024-12-31$3.72B$835.89M$138.40M$4.25
2023-12-31$3.47B$782.23M$142.90M$4.43
2022-12-31$4.88B$1.06B$328.20M$9.88
2021-12-31$4.08B$801.19M$224.91M$6.58
2020-12-31$2.49B$459.02M$97.06M$2.85
2019-12-31$2.34B$422.87M$89.57M$2.59
2018-12-31$2.26B$415.87M$119.83M$3.33
2017-12-31$1.64B$278.92M$85.72M$2.36
2016-12-31$1.22B$202.47M$55.58M$1.65

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3123.11%3.42%11.40%8.83%
2024-12-3122.50%3.72%12.27%8.32%
2023-12-3122.56%4.12%13.67%9.45%
2022-12-3121.71%6.72%34.36%16.32%
2021-12-3119.65%5.52%29.30%13.52%
2020-12-3118.46%3.90%17.35%9.65%
2019-12-3118.09%3.83%18.00%11.19%
2018-12-3118.38%5.30%29.32%14.17%
2017-12-3117.05%5.24%23.12%13.09%
2016-12-3116.57%4.55%29.97%13.90%

Cash and debt by year

Period endCashDebt
2025-12-31$26.43M$1.28B
2024-12-31$33.56M$1.31B
2023-12-31$11.41M$1.02B
2022-12-31$22.85M$1.28B
2021-12-31$122.85M$1.28B
2020-12-31$44.77M$810.91M
2019-12-31$139.39M$670.35M
2018-12-31$6.89M$621.75M
2017-12-31$2.77M$338.11M
2016-12-31$6.45M$256.81M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$246.49M$19.07M
2024-12-31$251.16M$16.77M
2023-12-31$349.69M$19.43M
2022-12-31$331.86M$21.75M
2021-12-31$187.33M$22.89M
2020-12-31$128.05M$15.96M
2019-12-31$164.75M$15.44M
2018-12-31$165.53M$13.98M
2017-12-31$77.40M$10.41M
2016-12-31$81.74M$6.47M

Dividend history

Most recent payment
2026-08-24
Paid in the last twelve months
$1.88
Payment dateDividend per share
2026-08-24$0.47
2026-05-26$0.47
2026-02-23$0.47
2025-12-01$0.47
2025-08-25$0.40
2025-05-27$0.40
2025-02-18$0.40
2024-11-25$0.60

Investor relations

Next earnings report

Next confirmed report
2026-10-29
Consensus EPS estimate
$1.03

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$1.23
2026-04-30--
2026-02-05--
2025-10-30--
2025-07-31--
2025-05-01--
2025-02-06--
2024-10-31--

Filings and sources

Company website
patrickind.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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