Patrick Industries, Inc.
NASDAQ•PATK
CEO: Mr. Andy L. Nemeth
Sector: Consumer Cyclical
Industry: Furnishings, Fixtures & Appliances
Listing Date: 1980-03-17
Patrick Industries, Inc. manufactures and distributes component products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; RV paintings; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinets; polymer-based flooring products; dash panels; and other products. 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, marine hardware; slotwall panels, components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panels, drywall and finishing products, electronic and audio system components, appliances, marine accessories, wiring products, electrical and plumbing products, fiber reinforced polyester products; cement siding products, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring products, 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.
Contact Information
107 West Franklin Street, P.O. Box 638, Elkhart, IN, 46515, United States
574-294-7511
Market Cap
$3.82B
P/E (TTM)
27.5
24.8
Dividend Yield
1.5%
52W High
$148.50
52W Low
$72.99
52W Range
Rank34Top 27.8%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$924.17M+0.00%
4-Quarter Trend
EPS
$0.90+0.00%
4-Quarter Trend
FCF
$112.67M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Revenue Growth and Segment Strength Consolidated net sales reached $3.95B USD, marking a 6% increase driven by RV and marine markets.
Gross Margin Expansion Gross profit margin expanded 60 basis points to 23.1% due to cost reduction initiatives deployed throughout 2025.
RV Market Sales Increase RV market net sales grew 9% to $1.78B USD, comprising 45% of consolidated net sales for the year.
Capital Returned to Shareholders Capital allocation strategy returned $87M USD via regular quarterly dividends and opportunistic share repurchases in 2025.
Risk Factors
Consumer Discretionary Spending Risk RV and Marine market performance highly sensitive to consumer confidence, interest rates, and discretionary spending levels.
Major Customer Concentration Loss of two major RV customers, accounting for 28% of 2025 sales, poses material financial risk.
Legal Settlement Expense Impact Recognized $24.4M USD expense for a legal settlement, negatively impacting 2025 operating results and cash flow.
Raw Material Cost Volatility Fluctuating raw material costs and supply chain issues could adversely affect gross margins and fulfillment timing.
Outlook
Strategic Acquisition Activity Completed $117M USD in acquisitions during 2025, leveraging brands to expand product lines and market presence.
RV Inventory Normalization RV dealer inventory levels are below historical norms, suggesting replenishment demand when retail recovers in 2026.
Sufficient Liquidity Position Cash and availability under 2024 Credit Facility expected sufficient for next 12 months operating needs, excluding acquisitions.
Product Innovation Focus Focus remains on developing new products and solutions aligned with evolving consumer needs across all end markets.
Peer Comparison
Revenue (TTM)
$15.53B
$8.57B
$5.27B
Gross Margin (Latest Quarter)
90.4%
70.6%
57.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| ANF | $4.00B | 7.7 | 39.0% | 33.0% |
| PATK | $3.82B | 27.5 | 11.7% | 53.4% |
| RRR | $3.41B | 18.0 | 85.6% | 1.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.7%
Flat Growth
4Q Net Income CAGR
-8.7%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Apr 23, 2026
EPS:$1.15
|Revenue:$1.03B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data