(PATK) Patrick Industries - Overview
Sector: Consumer Cyclical | Industry: Recreational Vehicles | Exchange: NASDAQ (USA) | Market Cap: 2.983m USD | Total Return: 7% in 12m
Avg Turnover: 58.9M
EPS Trend: -93.0%
Qual. Beats: -1
Rev. Trend: 64.4%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Patrick Industries, Inc. (PATK) is a major manufacturer and distributor of specialized components for the recreational vehicle (RV), marine, powersports, and manufactured housing markets. Operating through two primary segments, Manufacturing and Distribution, the company provides a vast array of interior and exterior products ranging from laminated furniture and cabinetry to marine electronics and structural aluminum components.
The company utilizes a highly acquisitive business model to expand its product portfolio and market share across diverse outdoor enthusiast and housing sectors. This strategy allows Patrick Industries to serve as a comprehensive tier-one supplier, often providing a significant percentage of the total content found in a single RV or boat unit.
Investors can evaluate the companys long-term valuation trends and historical performance metrics on ValueRay. Founded in 1959 and headquartered in Elkhart, Indiana-a global hub for RV production-the company maintains operations throughout North America and China to support its international supply chain.
- RV market demand fluctuations significantly impact primary manufacturing revenue streams
- Interest rate volatility affects consumer financing for marine and powersports vehicles
- Acquisition integration strategy determines long-term margin expansion and market share
- Fluctuating raw material costs for aluminum and lumber pressure operating margins
- Housing starts and residential remodeling activity drive manufactured housing segment growth
| Net Income: 136.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -1.00 > 1.0 |
| NWC/Revenue: 16.24% < 20% (prev 15.08%; Δ 1.16% < -1%) |
| CFO/TA 0.09 > 3% & CFO 275.3m > Net Income 136.3m |
| Net Debt (1.63b) to EBITDA (421.1m): 3.86 < 3 |
| Current Ratio: 2.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (36.0m) vs 12m ago 4.74% < -2% |
| Gross Margin: 22.49% > 18% (prev 0.23%; Δ 2.23k% > 0.5%) |
| Asset Turnover: 123.2% > 50% (prev 118.8%; Δ 4.37% > 0%) |
| Interest Coverage Ratio: 3.40 > 6 (EBITDA TTM 421.1m / Interest Expense TTM 73.8m) |
| A: 0.20 (Total Current Assets 1.01b - Total Current Liabilities 374.0m) / Total Assets 3.22b |
| B: 0.31 (Retained Earnings 987.0m / Total Assets 3.22b) |
| C: 0.08 (EBIT TTM 250.7m / Avg Total Assets 3.20b) |
| D: 0.49 (Book Value of Equity 987.0m / Total Liabilities 2.03b) |
| Altman-Z'' = 3.34 = A |
| DSRI: 0.95 (Receivables 285.4m/289.1m, Revenue 3.94b/3.79b) |
| GMI: 1.01 (GM 22.49% / 22.71%) |
| AQI: 0.97 (AQ_t 0.49 / AQ_t-1 0.50) |
| SGI: 1.04 (Revenue 3.94b / 3.79b) |
| TATA: -0.04 (NI 136.3m - CFO 275.3m) / TA 3.22b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 90.21 with a total of 686,038 shares traded.
Over the past week, the price has changed by -0.35%,
over one month by -10.36%,
over three months by -30.11% and
over the past year by +7.01%.
Patrick Industries has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy PATK.
- StrongBuy: 3
- Buy: 4
- Hold: 1
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 119.5 | 32.5% |
P/E Forward = 19.4175
P/S = 0.7404
P/B = 2.5249
P/EG = 3.4597
Revenue TTM = 3.94b USD
EBIT TTM = 250.7m USD
EBITDA TTM = 421.1m USD
Long Term Debt = 1.38b USD (from longTermDebt, last quarter)
Short Term Debt = 63.5m USD (from shortTermDebt, last quarter)
Debt = 1.66b USD (corrected: LT Debt 1.38b + ST Debt 63.5m) + Leases 221.0m
Net Debt = 1.63b USD (calculated: Debt 1.66b - CCE 37.5m)
Enterprise Value = 4.61b USD (2.98b + Debt 1.66b - CCE 37.5m)
Interest Coverage Ratio = 3.40 (Ebit TTM 250.7m / Interest Expense TTM 73.8m)
EV/FCF = 23.80x (Enterprise Value 4.61b / FCF TTM 193.7m)
FCF Yield = 4.20% (FCF TTM 193.7m / Enterprise Value 4.61b)
FCF Margin = 4.91% (FCF TTM 193.7m / Revenue TTM 3.94b)
Net Margin = 3.46% (Net Income TTM 136.3m / Revenue TTM 3.94b)
Gross Margin = 22.49% ((Revenue TTM 3.94b - Cost of Revenue TTM 3.06b) / Revenue TTM)
Gross Margin QoQ = 20.34% (prev 23.01%)
Tobins Q-Ratio = 1.43 (Enterprise Value 4.61b / Total Assets 3.22b)
Interest Expense / Debt = 4.44% (Interest Expense 73.8m / Debt 1.66b)
Taxrate = 14.79% (6.85m / 46.3m)
NOPAT = 213.6m (EBIT 250.7m * (1 - 14.79%))
Current Ratio = 2.71 (Total Current Assets 1.01b / Total Current Liabilities 374.0m)
Debt / Equity = 1.40 (Debt 1.66b / totalStockholderEquity, last quarter 1.19b)
Debt / EBITDA = 3.86 (Net Debt 1.63b / EBITDA 421.1m)
Debt / FCF = 8.39 (Net Debt 1.63b / FCF TTM 193.7m)
Total Stockholder Equity = 1.17b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.26% (Net Income 136.3m / Total Assets 3.22b)
RoE = 11.64% (Net Income TTM 136.3m / Total Stockholder Equity 1.17b)
RoCE = 9.83% (EBIT 250.7m / Capital Employed (Equity 1.17b + L.T.Debt 1.38b))
RoIC = 7.44% (NOPAT 213.6m / Invested Capital 2.87b)
WACC = 7.13% (E(2.98b)/V(4.65b) * Re(9.0%) + D(1.66b)/V(4.65b) * Rd(4.44%) * (1-Tc(0.15)))
Discount Rate = 9.0% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.22 | Cagr: 24.76%
[DCF] Terminal Value 73.39% ; FCFF base≈205.6m ; Y1≈183.2m ; Y5≈152.7m
[DCF] Fair Price = 24.83 (EV 2.44b - Net Debt 1.63b = Equity 816.6m / Shares 32.9m; r=8.35% [WACC [floored]]; 5y FCF grow -13.37% → 2.50% )
EPS Correlation: -92.98 | EPS CAGR: -20.06% | SUE: -0.92 | # QB: -1
Revenue Correlation: 64.43 | Revenue CAGR: 3.24% | SUE: 0.20 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.39 | Chg30d=-21.62% | Revisions=-64% | Analysts=8
EPS next Quarter (2026-09-30): EPS=1.29 | Chg30d=-4.97% | Revisions=-40% | Analysts=8
EPS current Year (2026-12-31): EPS=4.87 | Chg30d=-9.45% | Revisions=-69% | GrowthEPS=+9.8% | GrowthRev=+1.9%
EPS next Year (2027-12-31): EPS=5.95 | Chg30d=-7.00% | Revisions=-64% | GrowthEPS=+22.1% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: -69%