PATK Stock Analysis: Patrick Industries | NASDAQ
Recreational Vehicles | NASDAQ, USA | Market Cap: 2.661m USD | 12M Return: -34.3% | US7033431039 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 35.2M
EPS Trend: -60.4%
Qual. Beats: 1
Rev. Trend: 93.2%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 147.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -3.62 > 1.0 |
| NWC/Revenue: 16.23% < 20% (prev 11.52%; Δ 4.71% < -1%) |
| CFO/TA 0.07 > 3% & CFO 208.9m > Net Income 147.3m |
| Net Debt (1.85b) to EBITDA (436.0m): 4.25 < 3 |
| Current Ratio: 2.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (35.0m) vs 12m ago 2.57% < -2% |
| Gross Margin: 23.06% > 18% (prev 23.03%; Δ 0.02% > 0.5%) |
| Asset Turnover: 125.2% > 50% (prev 123.9%; Δ 1.28% > 0%) |
| Interest Coverage Ratio: 3.59 > 6 (EBIT TTM 265.5m / Interest Expense TTM 73.9m) |
| A: 0.20 (Total Current Assets 1.02b - Total Current Liabilities 383.3m) / Total Assets 3.21b |
| B: 0.29 (Retained Earnings 930.1m / Total Assets 3.21b) |
| C: 0.08 (EBIT TTM 265.5m / Avg Total Assets 3.15b) |
| D: 0.54 (Book Value of Equity 1.13b / Total Liabilities 2.08b) |
| Altman-Z'' = 3.39 = A |
| DSRI: 0.99 (Receivables 276.9m/270.1m, Revenue 3.94b/3.82b) |
| GMI: 1.00 (GM 23.03% / 23.06%) |
| AQI: 0.94 (AQ_t 0.48 / AQ_t-1 0.51) |
| SGI: 1.03 (Revenue 3.94b / 3.82b) |
| TATA: -0.02 (NI 147.3m - CFO 208.9m) / TA 3.21b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of September 15, 2026, the stock is trading at USD 73.40 with a total of 683,520 shares traded. Over the past week, the price has changed by -10.04%, over one month by -15.56%, over three months by -13.89% and over the past year by -34.30%.
Current recommended Stop Loss: 69.70 (which is 5% or 1.3 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 | 108 | 47.1% |
P/E Trailing = 19.7238
P/E Forward = 15.7233
P/S = 0.6755
P/B = 2.3168
P/EG = 3.4597
Revenue TTM = 3.94b USD
EBIT TTM = 265.5m USD
EBITDA TTM = 436.0m USD
Long Term Debt = 1.41b USD (from longTermDebt, last quarter)
Short Term Debt = 64.2m USD (from shortTermDebt, last quarter)
Debt = 1.88b USD (from shortLongTermDebtTotal, last quarter) + Leases 232.7m
Net Debt = 1.85b USD (calculated: Debt 1.88b - CCE 29.2m)
Enterprise Value = 4.52b USD (2.66b + Debt 1.88b - CCE 29.2m)
Interest Coverage Ratio = 3.59 (Ebit TTM 265.5m / Interest Expense TTM 73.9m)
EV/FCF = 35.33x (Enterprise Value 4.52b / FCF TTM 127.8m)
FCF Yield = 2.83% (FCF TTM 127.8m / Enterprise Value 4.52b)
FCF Margin = 3.25% (FCF TTM 127.8m / Revenue TTM 3.94b)
Net Margin = 3.74% (Net Income TTM 147.3m / Revenue TTM 3.94b)
Gross Margin = 23.06% ((Revenue TTM 3.94b - Cost of Revenue TTM 3.03b) / Revenue TTM)
Gross Margin QoQ = 23.77% (prev 22.75%)
Tobins Q-Ratio = 1.41 (Enterprise Value 4.52b / Total Assets 3.21b)
Interest Expense / Debt = 3.92% (Interest Expense 73.9m / Debt 1.88b)
Taxrate = 23.12% (44.3m / 191.6m)
NOPAT = 204.1m (EBIT 265.5m * (1 - 23.12%))
Current Ratio = 2.67 (Total Current Assets 1.02b / Total Current Liabilities 383.3m)
Debt / Equity = 1.67 (Debt 1.88b / totalStockholderEquity, last quarter 1.13b)
Debt / EBITDA = 4.25 (Net Debt 1.85b / EBITDA 436.0m)
Debt / FCF = 14.51 (Net Debt 1.85b / FCF TTM 127.8m)
Total Stockholder Equity = 1.17b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.68% (Net Income 147.3m / Total Assets 3.21b)
RoE = 12.61% (Net Income TTM 147.3m / Total Stockholder Equity 1.17b)
RoCE = 10.29% (EBIT 265.5m / Capital Employed (Equity 1.17b + L.T.Debt 1.41b))
RoIC = 7.13% (NOPAT 204.1m / Invested Capital 2.86b)
WACC = 6.31% (E(2.66b)/V(4.54b) * Re(8.64%) + D(1.88b)/V(4.54b) * Rd(3.92%) * (1-Tc(0.23)))
Discount Rate = 8.64% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 75.38 | Cagr: 22.71%
[DCF] Terminal Value 73.10% ; FCFF base≈170.3m ; Y1≈149.4m ; Y5≈120.7m
[DCF] Fair Price = 2.56 (EV 1.94b - Net Debt 1.85b = Equity 82.2m / Shares 32.1m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -60.41 | EPS CAGR: -3.36% | SUE: 1.18 | # QB: 1
Revenue Correlation: 93.18 | Revenue CAGR: 4.86% | SUE: 1.55 | # QB: 1
EPS current Quarter (2026-09-30): EPS=1.05 | Chg30d=-0.16% | Revisions=-67% | Analysts=9
EPS current Year (2026-12-31): EPS=4.29 | Chg30d=-0.00% | Revisions=-75% | GrowthEPS=-3.5% | GrowthRev=-1.8%
EPS next Year (2027-12-31): EPS=5.34 | Chg30d=-1.60% | Revisions=-73% | GrowthEPS=+24.6% | GrowthRev=+5.5%
[Analyst] Revisions Ratio: -88% (up=0, down=23)