Consumer Cyclical · Furnishings, Fixtures & Appliances
Price
$95.33
Market Cap
$3.1B
Employees
10,000
Beta
1.09
Avg Volume
511,509
CEO
Andy L. Nemeth
Business Description
Patrick Industries, Inc. serves as a primary provider of essential components, construction products, and various materials to key sectors such as the recreational vehicle (RV), marine, manufactured housing, and industrial markets. The company's operational footprint covers the United States, China, and Canada, executed through its distinct Manufacturing and Distribution divisions. Within its Manufacturing segment, the company produces a comprehensive range of specialized parts and finished goods. This includes numerous interior furnishings like furniture, shelving, wall panels, various countertop options (including solid surface, granite, and quartz fabrications), bespoke cabinetry, and cabinet doors. Patrick Industries also fabricates fiberglass bath fixtures, tile systems, decorative laminated panels, and polymer-based flooring. Tailored for the marine and RV industries, it manufactures aluminum and plastic goods, fiberglass and plastic components, dash panels, and offers RV painting services. Acoustic products such as amplifiers, tower speakers, soundbars, and subwoofers are also part of its production capabilities. Additionally, this division supplies wrapped profile mouldings, interior passage doors, air handling systems, slide-out trim and fascia, various types of plywood, fiberglass and plastic helm systems, boat covers, adhesives, sealants, thermoformed shower surrounds, specialty bath and closet items, wiring harnesses, fuel tanks, CNC molds, composite parts, marine hardware, and slotwall panels. The company's Distribution division focuses on supplying a broad assortment of finished goods and raw materials. Its offerings include pre-finished wall and ceiling panels, drywall and finishing products, and a variety of electronic and audio system components. This segment also distributes major appliances, marine accessories, diverse wiring products, and crucial electrical and plumbing fixtures. Building materials such as fiber reinforced polyester and cement siding, along with raw and processed lumber, are also provided. Furthermore, the division handles various flooring types (including interior passage, roofing, laminate, and ceramic), shower doors, furniture, fireplaces with surrounds, and both interior and exterior lighting solutions. Beyond product supply, this division also delivers comprehensive transportation and logistics services. Established in 1959, Patrick Industries, Inc. is headquartered in Elkhart, Indiana.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
22.73
Stock Price: $95.33
EPS (Diluted): 4.16
EPS (Diluted): 4.16
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.97
Stock Price: $95.33
Total Equity: $1.18B
Shares: 34,637,000
Total Equity: $1.18B
Shares: 34,637,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
11.17
Market Cap: $3.14B
Total Debt: $1.49B
Cash: $26.43M
EBITDA: $421.78M
Total Debt: $1.49B
Cash: $26.43M
EBITDA: $421.78M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$5.1B
Market Cap: $3.14B
Total Debt: $1.49B
Cash: $26.43M
Total Debt: $1.49B
Cash: $26.43M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
23.1%
Gross Profit: $912.86M
Revenue: $3.95B
Revenue: $3.95B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
7.0%
Operating Income: $275.99M
Revenue: $3.95B
Revenue: $3.95B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
3.4%
Net Income: $135.06M
Revenue: $3.95B
Revenue: $3.95B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
11.6%
Net Income: $135.06M
Total Equity: $1.18B
Total Equity: $1.18B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
7.3%
Operating Income: $275.99M
Tax Rate: 23.7%
Equity: $1.18B
Total Debt: $1.49B
Cash: $26.43M
Tax Rate: 23.7%
Equity: $1.18B
Total Debt: $1.49B
Cash: $26.43M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.51
Current Assets: $873.12M
Current Liabilities: $348.49M
Current Liabilities: $348.49M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.26
Short-Term Debt: $61.21M
Long-Term Debt: $1.43B
Total Debt: $1.49B
Total Equity: $1.18B
Long-Term Debt: $1.43B
Total Debt: $1.49B
Total Equity: $1.18B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$114.06
Revenue: $3.95B
Shares: 34,637,000
Shares: 34,637,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$34.19
Total Equity: $1.18B
Shares: 34,637,000
Shares: 34,637,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$6.98
Operating CF: $329.41M
CapEx: -$87.50M
Shares: 34,637,000
CapEx: -$87.50M
Shares: 34,637,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.6%
Last Dividend: N/A
Stock Price: $95.33
Stock Price: $95.33
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $135.06M
Net Income: $135.06M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares PATK against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:32pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.1B | $4.9B | $3.5B | $3.7B | $4.0B |
| Cost of Revenue | $3.3B | $3.8B | $2.7B | $2.9B | $3.0B |
| Gross Profit | $801.2M | $1.1B | $782.2M | $835.9M | $912.9M |
| Operating Expenses | $449.5M | $563.8M | $522.0M | $577.9M | $636.9M |
| Operating Income | $351.7M | $496.2M | $260.2M | $258.0M | $276.0M |
| Net Income | $224.9M | $328.2M | $142.9M | $138.4M | $135.1M |
| EBITDA | $456.5M | $626.9M | $404.7M | $424.6M | $421.8M |
| EPS | $9.87 | $14.97 | $6.65 | $4.25 | $4.16 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:32pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $122.8M | $22.8M | $11.4M | $33.6M | $26.4M |
| Total Current Assets | $974.1M | $909.9M | $734.6M | $822.6M | $873.1M |
| Total Assets | $2.7B | $2.8B | $2.7B | $3.0B | $3.1B |
| Current Liabilities | $432.8M | $367.2M | $308.5M | $353.6M | $348.5M |
| Long-Term Debt | $1.3B | $1.3B | $1.0B | $1.3B | $1.4B |
| Total Liabilities | $1.9B | $1.8B | $1.6B | $1.9B | $1.9B |
| Total Equity | $767.6M | $955.2M | $1.0B | $1.1B | $1.2B |
| Retained Earnings | $513.7M | $758.9M | $843.1M | $926.9M | $977.0M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:32pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $252.1M | $411.7M | $408.7M | $326.8M | $329.4M |
| Capital Expenditure | -$64.8M | -$80.2M | -$59.0M | -$75.7M | -$87.5M |
| Free Cash Flow | $187.3M | $331.6M | $349.7M | $251.2M | $241.9M |
| Acquisitions (net) | -$508.1M | -$248.9M | -$25.9M | -$411.7M | -$121.7M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$48.9M | -$77.1M | -$18.8M | -$4.7M | -$32.0M |
| Net Change in Cash | $78.1M | -$100.0M | -$11.4M | $22.2M | -$7.1M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 6:02am (4h ago)| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$3.7B $3.7B – $3.7B
|
$3.9B $3.8B – $3.9B
|
$4.0B $4.0B – $4.1B
|
$4.2B $4.2B – $4.3B
|
| EBITDA |
$426.1M $424.9M – $427.2M
|
$447.6M $439.5M – $451.1M
|
$464.6M $461.1M – $471.5M
|
$491.3M $484.3M – $499.4M
|
| Net Income |
$148.9M $147.7M – $150.1M
|
$150.1M $148.7M – $151.5M
|
$175.6M $161.9M – $183.7M
|
$207.3M $202.9M – $211.7M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:32pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +19.7% | -29.0% | +7.1% | +6.3% |
| Gross Profit Growth | +32.3% | -26.2% | +6.9% | +9.2% |
| Operating Income Growth | +41.1% | -47.6% | -0.8% | +7.0% |
| Net Income Growth | +45.9% | -56.5% | -3.1% | -2.4% |
| EBITDA Growth | +37.3% | -35.4% | +4.9% | -0.7% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 6:02am (4h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-06 | Petkovich Jacob R | P-Purchase | 1,300.00 | $95.57 | $124,247 |
| 2026-06-10 | WELCH M SCOTT | P-Purchase | 100.00 | $83.85 | $8,385 |
| 2026-05-28 | Rodino Jeffrey M | G-Gift | 500.00 | $0.00 | $0 |
| 2026-05-19 | WELCH M SCOTT | P-Purchase | 100.00 | $89.44 | $8,944 |
| 2026-05-14 | Suggs Denis G | A-Award | 1,594.00 | $0.00 | $0 |
| 2026-05-14 | WELCH M SCOTT | A-Award | 1,594.00 | $0.00 | $0 |
| 2026-05-14 | Kitson Michael A | A-Award | 1,594.00 | $0.00 | $0 |
| 2026-05-14 | Cleveland Todd M | A-Award | 1,594.00 | $0.00 | $0 |
| 2026-05-14 | Forbes John A | A-Award | 1,594.00 | $0.00 | $0 |
| 2026-05-14 | Cerulli Joseph M | A-Award | 1,594.00 | $0.00 | $0 |
| 2026-05-14 | Brown Natalie A | A-Award | 1,594.00 | $0.00 | $0 |
| 2026-05-14 | Augsburger Blake | A-Award | 1,594.00 | $0.00 | $0 |
| 2026-05-05 | Augsburger Blake | P-Purchase | 400.00 | $85.19 | $34,076 |
| 2026-05-05 | NEMETH ANDY L | P-Purchase | 10,000.00 | $88.00 | $880,000 |
| 2026-05-05 | WELCH M SCOTT | P-Purchase | 10,000.00 | $88.23 | $882,250 |
| 2026-05-05 | WELCH M SCOTT | P-Purchase | 50.00 | $88.41 | $4,421 |
| 2026-05-05 | Filer Matthew S | P-Purchase | 1,000.00 | $85.50 | $85,500 |
| 2026-05-05 | Roeder Charles R | P-Purchase | 5,750.00 | $87.83 | $505,018 |
| 2026-03-12 | Gonzalez Hugo E | S-Sale | 13,514.00 | $113.10 | $1.5M |
| 2026-03-12 | WELCH M SCOTT | P-Purchase | 10,000.00 | $113.68 | $1.1M |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:32pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-26 | $0.47 | 2026-05-14 | 2026-05-26 | 2026-06-08 |
| 2026-02-23 | $0.47 | 2026-02-02 | 2026-02-23 | 2026-03-09 |
| 2025-12-01 | $0.47 | 2025-11-19 | 2025-12-01 | 2025-12-15 |
| 2025-08-25 | $0.40 | 2025-08-14 | 2025-08-25 | 2025-09-08 |
| 2025-05-27 | $0.40 | 2025-05-15 | 2025-05-27 | 2025-06-09 |
| 2025-02-18 | $0.40 | 2025-02-03 | 2025-02-18 | 2025-03-03 |
| 2024-11-25 | $0.60 | 2024-11-14 | 2024-11-25 | 2024-12-09 |
| 2024-08-26 | $0.55 | 2024-08-15 | 2024-08-26 | 2024-09-09 |
| 2024-06-03 | $0.55 | 2024-05-16 | 2024-06-03 | 2024-06-17 |
| 2024-02-16 | $0.55 | 2024-02-05 | 2024-02-20 | 2024-03-04 |
| 2023-11-24 | $0.55 | 2023-11-15 | 2023-11-27 | 2023-12-11 |
| 2023-08-25 | $0.45 | 2023-08-17 | 2023-08-28 | 2023-09-11 |
| 2023-06-09 | $0.45 | 2023-05-25 | 2023-06-12 | 2023-06-26 |
| 2023-02-17 | $0.45 | 2023-02-06 | 2023-02-21 | 2023-03-06 |
| 2022-11-25 | $0.45 | 2022-11-11 | 2022-11-28 | 2022-12-12 |
| 2022-08-26 | $0.33 | 2022-08-10 | 2022-08-29 | 2022-09-12 |
| 2022-05-27 | $0.33 | 2022-05-13 | 2022-05-31 | 2022-06-13 |
| 2022-03-04 | $0.33 | 2022-02-22 | 2022-03-07 | 2022-03-21 |
| 2021-11-26 | $0.33 | 2021-11-11 | 2021-11-29 | 2021-12-13 |
| 2021-08-27 | $0.28 | 2021-08-13 | 2021-08-30 | 2021-09-13 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for PATK — it's generated by the pipeline (
market-narrative step).
No community reviews yet for PATK.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30