PATK Stock Analysis: Patrick Industries | NASDAQ
Recreational Vehicles | NASDAQ, USA | Market Cap: 2.926m USD | 12M Return: -11.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 70.4M
EPS Trend: -65.8%
Qual. Beats: 0
Rev. Trend: 64.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Patrick Industries, Inc. (NASDAQ: PATK) is a U.S.-based manufacturer and distributor of components and materials serving the recreational vehicle (RV), marine, powersports, manufactured housing, and industrial markets, with operations in the United States, Mexico, China, and Canada. The company operates through two segments: Manufacturing and Distribution.
The Manufacturing segment produces a broad range of products, including laminated panels for furniture, shelving, and cabinetry; cabinet doors; fiberglass bath fixtures and tile systems; audio components such as amplifiers, speakers, and subwoofers; solid surface, granite, and quartz countertops; aluminum and fiberglass components; vinyl printing; softwood lumber; custom cabinetry; flooring products; mouldings; interior doors; slide-out trim; plywood; helm systems and boat towers; adhesives and sealants; thermoformed shower surrounds; wiring and wire harnesses; fuel tanks; CNC molds; and slotwall panels.
The Distribution segment supplies pre-finished wall and ceiling panels, drywall and finishing products, electronic and audio systems, appliances, marine accessories, wiring, electrical and plumbing products, fiber reinforced polyester products, cement siding, lumber, roofing, flooring, shower doors, furniture, fireplaces, and lighting products. This segment also provides transportation and logistics services.
Patrick Industries was incorporated in 1959 and is headquartered in Elkhart, Indiana, a region commonly associated with U.S. RV manufacturing. As a supplier to RV OEMs and adjacent industries, the companys revenue tends to track cyclical demand for recreational and housing-related durable goods, and its business model relies on serving a concentrated set of original equipment manufacturer customers across multiple end markets.
- RV industry production cuts pressure top-line revenue growth
- Lumber and aluminum cost inflation squeezes manufacturing margins
- Acquisition strategy drives revenue and product line expansion
| 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 (1.79b) to EBITDA (421.1m): 4.25 < 3 |
| Current Ratio: 2.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (36.0m) vs 12m ago 4.74% < -2% |
| Gross Margin: 23.10% > 18% (prev 22.71%; Δ 0.39% > 0.5%) |
| Asset Turnover: 123.2% > 50% (prev 118.8%; Δ 4.37% > 0%) |
| Interest Coverage Ratio: 3.40 > 6 (EBIT TTM 250.7m / 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: 0.59 (Book Value of Equity 1.19b / Total Liabilities 2.03b) |
| Altman-Z'' = 3.45 = A |
| DSRI: 0.95 (Receivables 285.4m/289.1m, Revenue 3.94b/3.79b) |
| GMI: 0.98 (GM 22.71% / 23.10%) |
| 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 = -3.08 (Cap -4..+1) = AA |
As of July 23, 2026, the stock is trading at USD 86.42 with a total of 421,754 shares traded. Over the past week, the price has changed by +2.15%, over one month by -0.06%, over three months by -14.31% and over the past year by -11.43%.
Current recommended Stop Loss: 80.10 (which is 7.3% or 1.8 ATR below the current price).
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 | 116.9 | 35.3% |
P/E Trailing = 22.6864
P/E Forward = 20.5339
P/S = 0.7418
P/B = 2.3604
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 = 1.83b USD (from shortLongTermDebtTotal, last quarter) + Leases 221.0m
Net Debt = 1.79b USD (calculated: Debt 1.83b - CCE 37.5m)
Enterprise Value = 4.72b USD (2.93b + Debt 1.83b - CCE 37.5m)
Interest Coverage Ratio = 3.40 (Ebit TTM 250.7m / Interest Expense TTM 73.8m)
EV/FCF = 24.35x (Enterprise Value 4.72b / FCF TTM 193.7m)
FCF Yield = 4.11% (FCF TTM 193.7m / Enterprise Value 4.72b)
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 = 23.10% ((Revenue TTM 3.94b - Cost of Revenue TTM 3.03b) / Revenue TTM)
Gross Margin QoQ = 22.75% (prev 23.01%)
Tobins Q-Ratio = 1.47 (Enterprise Value 4.72b / Total Assets 3.22b)
Interest Expense / Debt = 4.04% (Interest Expense 73.8m / Debt 1.83b)
Taxrate = 22.97% (40.6m / 176.9m)
NOPAT = 193.1m (EBIT 250.7m * (1 - 22.97%))
Current Ratio = 2.71 (Total Current Assets 1.01b / Total Current Liabilities 374.0m)
Debt / Equity = 1.54 (Debt 1.83b / totalStockholderEquity, last quarter 1.19b)
Debt / EBITDA = 4.25 (Net Debt 1.79b / EBITDA 421.1m)
Debt / FCF = 9.24 (Net Debt 1.79b / 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 = 6.73% (NOPAT 193.1m / Invested Capital 2.87b)
WACC = 6.90% (E(2.93b)/V(4.75b) * Re(9.26%) + D(1.83b)/V(4.75b) * Rd(4.04%) * (1-Tc(0.23)))
Discount Rate = 9.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.22 | Cagr: 24.76%
[DCF] Terminal Value 73.39% ; FCFF base≈205.6m ; Y1≈183.2m ; Y5≈152.7m
[DCF] Fair Price = 19.69 (EV 2.44b - Net Debt 1.79b = Equity 652.9m / Shares 33.2m; r=8.35% [WACC [floored]]; 5y FCF grow -13.37% → 2.50% )
EPS Correlation: -65.85 | EPS CAGR: -4.10% | SUE: 0.59 | # QB: 0
Revenue Correlation: 64.43 | Revenue CAGR: 3.24% | SUE: 0.20 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.32 | Chg30d=-4.64% | Revisions=-40% | Analysts=10
EPS next Quarter (2026-09-30): EPS=1.23 | Chg30d=-5.09% | Revisions=-40% | Analysts=10
EPS current Year (2026-12-31): EPS=4.70 | Chg30d=-3.54% | Revisions=-50% | GrowthEPS=+5.9% | GrowthRev=+0.8%
EPS next Year (2027-12-31): EPS=5.77 | Chg30d=-3.09% | Revisions=-50% | GrowthEPS=+22.7% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: -77% (up=0, down=10)