Patrick Industries, Inc.
Rank #230Capital ReturnPATK · Nasdaq · Consumer Cyclical
Patrick Industries, Inc. (PATK) — Rank #230 by gross profitability (GP/assets 0.28) · ROE 11.9% · Piotroski F-Score 7 / 9.
As-of 2026-09-28 · CIK 0000076605 · all metrics point-in-time as of the filing date.
About
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.
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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.
- Industry
- Recreational Vehicles
- Sector
- Consumer Cyclical
- State
- IN
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- patrickind.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
10,000
Industry
Recreational Vehicles
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.28
Primary signal (Novy-Marx).
3rd of 11 SIC 3714 peers
Return on equity
11.9%
Gross margin
23.1%
5th of 11 SIC 3714 peers
Revenue growth (YoY)
6.3%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-6.8%
Revenue CAGR (5Y)
9.7%
Earnings CAGR (3Y)
-25.6%
FCF CAGR (3Y)
-9.4%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.84
10th of 10 SIC 3714 peers (best = lowest)
Current ratio
2.67×
4th of 11 SIC 3714 peers
Quick ratio
0.80×
Net cash
-$1.39B
Cash & equivalents minus total debt.
Recession resistance
Revenue through recessions
Worst single-year YoY revenue decline, 16 years of history
Cash-flow health
Free cash flow
$246.49M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.83
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.5%
Stock-based comp intensity.
Dividend safety
Composite score
3.2 / 5
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).