PATK Stock Analysis: Patrick Industries | NASDAQ
Recreational Vehicles | NASDAQ, USA | Market Cap: 2.531m USD | 12M Return: -20% | US7033431039 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 59.8M
EPS Trend: -63.6%
Qual. Beats: 2
Rev. Trend: 96.5%
Qual. Beats: 2
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 also in Mexico, Canada, and China. The company runs through two segments: Manufacturing, which produces a broad range of interior and structural products including laminated panels, cabinetry, countertops, fiberglass components, audio equipment, flooring, mouldings, doors, wiring, and marine hardware; and Distribution, which supplies wall and ceiling panels, drywall, electronics, appliances, flooring, lighting, roofing, lumber, and other building products, along with transportation and logistics services. Headquartered in Elkhart, Indiana, and incorporated in 1959, Patrick Industries is classified in the Industrials sector (GICS Sub-Industry: Building Products).
The companys business model is vertically integrated across the RV and manufactured housing value chains, supplying OEMs with both fabricated components and finished materials-a structure that ties its revenue closely to production cycles in the RV industry, where it is one of the largest suppliers. Its Elkhart, Indiana base places it at the center of the U.S. RV manufacturing cluster, often referred to as the RV Capital of the World.
- shipment trends remain primary revenue driver
- Raw material deflation supports gross margin recovery
- Serial acquisitions expand adjacent market exposure
| Net Income: 133.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.53 > 1.0 |
| NWC/Revenue: 15.59% < 20% (prev 14.06%; Δ 1.53% < -1%) |
| CFO/TA 0.09 > 3% & CFO 277.4m > Net Income 133.0m |
| Net Debt (1.83b) to EBITDA (420.4m): 4.35 < 3 |
| Current Ratio: 2.51 > 1.5 & < 3 |
| Outstanding Shares: last quarter (32.7m) vs 12m ago -5.18% < -2% |
| Gross Margin: 23.28% > 18% (prev 22.91%; Δ 0.37% > 0.5%) |
| Asset Turnover: 124.1% > 50% (prev 123.1%; Δ 1.04% > 0%) |
| Interest Coverage Ratio: 3.35 > 6 (EBIT TTM 249.0m / Interest Expense TTM 74.3m) |
| A: 0.19 (Total Current Assets 1.02b - Total Current Liabilities 405.4m) / Total Assets 3.20b |
| B: 0.29 (Retained Earnings 936.1m / Total Assets 3.20b) |
| C: 0.08 (EBIT TTM 249.0m / Avg Total Assets 3.17b) |
| D: 0.56 (Book Value of Equity 1.14b / Total Liabilities 2.06b) |
| Altman-Z'' = 3.32 = A |
| DSRI: 1.01 (Receivables 286.2m/278.4m, Revenue 3.94b/3.87b) |
| GMI: 0.98 (GM 22.91% / 23.28%) |
| AQI: 0.96 (AQ_t 0.48 / AQ_t-1 0.50) |
| SGI: 1.02 (Revenue 3.94b / 3.87b) |
| TATA: -0.05 (NI 133.0m - CFO 277.4m) / TA 3.20b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of November 10, 2026, the stock is trading at USD 82.12 with a total of 521,668 shares traded. Over the past week, the price has changed by +0.45%, over one month by +29.40%, over three months by -3.41% and over the past year by -20.01%.
Current recommended Stop Loss: 78.00 (which is 5% or 1.3 ATR below the current price).
Patrick Industries has received a consensus analysts rating of 4.18. Therefore, it is recommended to buy PATK.
- StrongBuy: 6
- Buy: 2
- Hold: 2
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 97.8 | 19.1% |
P/E Trailing = 20.4119
P/E Forward = 16.3399
P/S = 0.6426
P/B = 2.2134
P/EG = 3.4597
Revenue TTM = 3.94b USD
EBIT TTM = 249.0m USD
EBITDA TTM = 420.4m USD
Long Term Debt = 1.28b USD (from longTermDebt, last fiscal year)
Short Term Debt = 64.4m USD (from shortTermDebt, last quarter)
Debt = 1.84b USD (from shortLongTermDebtTotal, last quarter) + Leases 232.7m
Net Debt = 1.83b USD (calculated: Debt 1.84b - CCE 16.0m)
Enterprise Value = 4.36b USD (2.53b + Debt 1.84b - CCE 16.0m)
Interest Coverage Ratio = 3.35 (Ebit TTM 249.0m / Interest Expense TTM 74.3m)
EV/FCF = 21.43x (Enterprise Value 4.36b / FCF TTM 203.4m)
FCF Yield = 4.67% (FCF TTM 203.4m / Enterprise Value 4.36b)
FCF Margin = 5.16% (FCF TTM 203.4m / Revenue TTM 3.94b)
Net Margin = 3.38% (Net Income TTM 133.0m / Revenue TTM 3.94b)
Gross Margin = 23.28% ((Revenue TTM 3.94b - Cost of Revenue TTM 3.02b) / Revenue TTM)
Gross Margin QoQ = 23.57% (prev 23.77%)
Tobins Q-Ratio = 1.36 (Enterprise Value 4.36b / Total Assets 3.20b)
Interest Expense / Debt = 4.03% (Interest Expense 74.3m / Debt 1.84b)
Taxrate = 23.86% (41.7m / 174.7m)
NOPAT = 189.6m (EBIT 249.0m * (1 - 23.86%))
Current Ratio = 2.51 (Total Current Assets 1.02b / Total Current Liabilities 405.4m)
Debt / Equity = 1.61 (Debt 1.84b / totalStockholderEquity, last quarter 1.14b)
Debt / EBITDA = 4.35 (Net Debt 1.83b / EBITDA 420.4m)
Debt / FCF = 8.98 (Net Debt 1.83b / FCF TTM 203.4m)
Total Stockholder Equity = 1.16b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.19% (Net Income 133.0m / Total Assets 3.20b)
RoE = 11.45% (Net Income TTM 133.0m / Total Stockholder Equity 1.16b)
RoCE = 10.19% (EBIT 249.0m / Capital Employed (Equity 1.16b + L.T.Debt 1.28b))
RoIC = 6.67% (NOPAT 189.6m / Invested Capital 2.84b)
WACC = 5.93% (E(2.53b)/V(4.37b) * Re(8.01%) + D(1.84b)/V(4.37b) * Rd(4.03%) * (1-Tc(0.24)))
Discount Rate = 8.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 51.64 | Cagr: 18.78%
[DCF] Terminal Value 76.77% ; FCFF base≈195.3m ; Y1≈213.9m ; Y5≈269.6m
[DCF] Fair Price = 71.41 (EV 4.12b - Net Debt 1.83b = Equity 2.29b / Shares 32.1m; r=8.35% [WACC [floored]]; 5y FCF grow 10.99% → 2.50% )
EPS Correlation: -63.60 | EPS CAGR: -3.60% | SUE: 1.18 | # QB: 2
Revenue Correlation: 96.45 | Revenue CAGR: 5.21% | SUE: 1.21 | # QB: 2
EPS current Quarter (2027-03-31): EPS=1.22 | Chg30d=-6.12% | Revisions=-62% | Analysts=7
EPS current Year (2026-12-31): EPS=4.24 | Chg30d=-0.79% | Revisions=-29% | GrowthEPS=-4.4% | GrowthRev=-1.3%
EPS next Year (2027-12-31): EPS=5.04 | Chg30d=-5.31% | Revisions=-67% | GrowthEPS=+18.9% | GrowthRev=+3.9%
[Analyst] Revisions Ratio: -72% (up=1, down=14)