Patrick Industries, Inc. logo

Patrick Industries, Inc.

PATK

NASDAQConsumer CyclicalFurnishings, Fixtures & Appliances

Latest quote

$83.44

−$2.07 · -2.42%

Aug 21, 3:59 PM ET

PATK company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

76

Undervalued

Momentum

29

Weakening

Sentiment

77

Bullish

Risk resilience

48

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

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.

Industry
Furnishings, Fixtures & Appliances
Sector
Consumer Cyclical
Headquarters
US
CEO
Andy L. Nemeth
Listed since
Mar 17, 1980
Employees
10,000

Market position

Volume
525.89K
0.85× average
Average volume
619.27K
Average daily volume
Market cap
2.74B USD
Beta
1.1
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.14B USD
P/E (TTM)
18.29×
P/B (TTM)
2.37×
P/S (TTM)
0.7×
EV / EBITDA
12.18×
Earnings yield
3.83%
Free cash flow yield
6.87%
Dividend yield
2.17%

Profitability & efficiency

Gross margin
23.06%
Operating margin
6.74%
Net margin
3.74%
Return on equity
11.40%
Return on assets
4.39%
Return on invested capital
7.55%

Financial health

Debt / equity
1.46×
Current ratio
2.51×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends25%17%9%1%Gross margin, FY2021: 19.65%Gross margin, FY2022: 21.71%Gross margin, FY2023: 22.56%Gross margin, FY2024: 22.50%Gross margin, FY2025: 23.11%Operating margin, FY2021: 8.62%Operating margin, FY2022: 10.16%Operating margin, FY2023: 7.50%Operating margin, FY2024: 6.94%Operating margin, FY2025: 6.99%Net margin, FY2021: 5.52%Net margin, FY2022: 6.72%Net margin, FY2023: 4.12%Net margin, FY2024: 3.72%Net margin, FY2025: 3.42%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.65%. Gross margin FY2022 21.71%. Gross margin FY2023 22.56%. Gross margin FY2024 22.50%. Gross margin FY2025 23.11%. Operating margin FY2021 8.62%. Operating margin FY2022 10.16%. Operating margin FY2023 7.50%. Operating margin FY2024 6.94%. Operating margin FY2025 6.99%. Net margin FY2021 5.52%. Net margin FY2022 6.72%. Net margin FY2023 4.12%. Net margin FY2024 3.72%. Net margin FY2025 3.42%.

Income trends

Revenue

3.95B USD+6.33%

Operating income

275.99M USD+6.96%

Net income

135.06M USD-2.42%
Income trends across reported periods5.36B USD3.46B USD1.56B USD−339.63M USDRevenue, FY2021: 4.08B USDRevenue, FY2022: 4.88B USDRevenue, FY2023: 3.47B USDRevenue, FY2024: 3.72B USDRevenue, FY2025: 3.95B USDOperating income, FY2021: 351.71M USDOperating income, FY2022: 496.17M USDOperating income, FY2023: 260.2M USDOperating income, FY2024: 258.04M USDOperating income, FY2025: 275.99M USDNet income, FY2021: 224.92M USDNet income, FY2022: 328.2M USDNet income, FY2023: 142.9M USDNet income, FY2024: 138.4M USDNet income, FY2025: 135.06M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.08B USD. Revenue FY2022 4.88B USD. Revenue FY2023 3.47B USD. Revenue FY2024 3.72B USD. Revenue FY2025 3.95B USD. Operating income FY2021 351.71M USD. Operating income FY2022 496.17M USD. Operating income FY2023 260.2M USD. Operating income FY2024 258.04M USD. Operating income FY2025 275.99M USD. Net income FY2021 224.92M USD. Net income FY2022 328.2M USD. Net income FY2023 142.9M USD. Net income FY2024 138.4M USD. Net income FY2025 135.06M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.95B USD3.72B USD3.47B USD4.88B USD4.08B USD
Cost of goods sold3.04B USD2.88B USD2.69B USD3.82B USD3.28B USD
Gross profit912.86M USD835.89M USD782.23M USD1.06B USD801.19M USD
Selling, general, and administrative539.56M USD481.58M USD443.34M USD490.54M USD393.15M USD
Operating expenses636.87M USD577.85M USD522.03M USD563.77M USD449.48M USD
Interest expense74.51M USD79.47M USD68.94M USD60.76M USD57.89M USD
Depreciation and amortization170.21M USD166.55M USD144.54M USD130.76M USD104.81M USD
Operating income275.99M USD258.04M USD260.2M USD496.17M USD351.71M USD
Net income135.06M USD138.4M USD142.9M USD328.2M USD224.92M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+5.09%
11 comparable reports
Latest EPS result
1.29
Estimate 1.24 · Beat by 4.03%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.581.20.820.44Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 0.52, estimate 0.79, surprise -34.18%, Miss. Q2 2025, reported May 1, 2025: actual 1.11, estimate 0.98, surprise +13.27%, Beat. Q3 2025, reported Jul 31, 2025: actual 1.5, estimate 1.41, surprise +6.38%, Beat. Q4 2025, reported Oct 30, 2025: actual 1.01, estimate 0.95, surprise +6.32%, Beat. Q1 2026, reported Feb 5, 2026: actual 0.84, estimate 0.74, surprise +13.51%, Beat. Q2 2026, reported Apr 30, 2026: actual 1.1, estimate 1.08, surprise +1.85%, Beat. Q3 2026, reported Jul 30, 2026: actual 1.29, estimate 1.24, surprise +4.03%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 1.05, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.1B1B903.21M803.73MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 846.12M USD, estimate 951.2M USD, surprise -11.05%, Miss. Q2 2025, reported May 1, 2025: actual 1B USD, estimate 1.06B USD, surprise -5.32%, Miss. Q3 2025, reported Jul 31, 2025: actual 1.05B USD, estimate 886.58M USD, surprise +18.16%, Beat. Q4 2025, reported Oct 30, 2025: actual 975.63M USD, estimate 858.62M USD, surprise +13.63%, Beat. Q1 2026, reported Feb 5, 2026: actual 924.17M USD, estimate 859.62M USD, surprise +7.51%, Beat. Q2 2026, reported Apr 30, 2026: actual 997.17M USD, estimate 989.06M USD, surprise +0.82%, Beat. Q3 2026, reported Jul 30, 2026: actual 1.04B USD, estimate 994.95M USD, surprise +4.70%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 949.38M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$112.29

34.62% upside
Past 12 months12-month forecastHigh $150Average $112.29Low $85.00

Rating distribution

17 ratings
Strong buy00%
Buy1271%
Hold318%
Sell212%
Strong sell00%

PATK peers

ETFs holding PATK

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research PATK

research.disclaimer