PATK Consumer Cyclical

Patrick Industries, Inc.

$81.40-0.43%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Consumer Cyclical
Industry: Recreational Vehicles
Country: United States
Market cap: 2.6B USD
Enterprise value: 3.6B USD
Full-time employees: 10,000

Overall health

Drawback: its share price swings more than most peers’ (beta 1.15 vs a peer median of 0.63)bigger price swings (beta 1.15 vs peers 0.63)
Drawback: more debt relative to equity (1.25× vs a peer median of 0.46×)more debt vs equity (1.25× vs peers 0.46×)
About average: profitability, growth, valuation and risk (debt, liquidity and share-price swings)profitability, growth, valuation and risk

Ranks #837 of 1,502 consumer cyclical companies (bottom 45%)

See how it ranks against its peers

Worth knowing

Buybacks largely absorbed by stock pay. Stock-based pay expense $55M vs $55M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed −3.6% from December 2022 to July 2026.
Over three fiscal years Patrick Industries recorded $55M of stock-based pay expense and spent $55M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). The share count barely moved (−3.6%), so much of the repurchasing offset new employee shares rather than shrinking the count.Over three fiscal years Patrick Industries recorded $55M of stock-based pay expense and spent $55M repurchasing shares. The share count barely moved (−3.6%), so much of the repurchasing offset new employee shares rather than shrinking the count.
Profit below an unusually strong 2022. Since 2022 (an unusually strong year for operating profit): revenue −19%, operating profit −44%.Since 2022: revenue −19%, operating profit −44%.
Since 2022, Patrick Industries's revenue changed −19% while operating profit fell 44%: costs rose faster than sales.

StockQuotient Score

49/ 100▼ 1 since Oct 27 close

Oct 5 51 → Nov 4 49 (-2)

Valuation

Is the price right?

57/100

Moderate▼ 5 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Share count down 2.4%

Valuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 62 → 57

Share price +13.2%-7
Company's reported figures updated+2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ Earnings yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield5.6%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.38Sector median: 0.0439 · MAD: 0.0329

EBITDA yield11.0%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.48Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield4.9%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.23Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield43.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

48/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ EPS growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth21.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.66Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth0.5%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.60Sector median: 0.0425 · MAD: 0.0636

Revenue growth3.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.08Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

54/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Helped by:

▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin6.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.08Sector median: 0.0638 · MAD: 0.0461

Return on assets4.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.50Sector median: 0.0331 · MAD: 0.0254

Return on invested capital8.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.17Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin23.1%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity13.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Current ratio
▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.15

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.72Sector median: 0.6345 · MAD: 0.2980

Current ratio2.67×

SEC filings · latest balance sheetReported value33% base weight · Z-score 2.13Sector median: 1.4800 · MAD: 0.5570

Debt / equity1.25×

SEC filings · latest balance sheetReported value33% base weight · Z-score -2.22Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Patrick Industries

Is Patrick Industries getting weaker?: Its latest SEC filing (Aug 6, 2026) got stronger: share count down 2.4%. Its overall score is 49/100, down 1 since Oct 28, 2026.
How is Patrick Industries valued vs its peers?: Priced about in line with its peers. Valuation scores 57/100 against 1,612 consumer cyclical peers. Earnings yield 5.6% vs a peer median of 4.4% (stronger than 62% of peers).Earnings yield 5.6% vs peers 4.4% (stronger than 62% of peers).
Is Patrick Industries growing?: At about the same pace as its peers. Growth scores 48/100 against 1,612 consumer cyclical peers. Earnings per share growth 21.0% vs a peer median of 4.2% (stronger than 68% of peers).Earnings per share growth 21.0% vs peers 4.2% (stronger than 68% of peers). 3-year revenue growth 0.5% vs a peer median of 4.3% (weaker than 67% of peers).3-year revenue growth 0.5% vs peers 4.3% (weaker than 67% of peers).
How profitable is Patrick Industries?: About as profitable as its peers. Profitability scores 54/100 against 1,612 consumer cyclical peers. Return on assets 4.6% vs a peer median of 3.3% (stronger than 65% of peers).Return on assets 4.6% vs peers 3.3% (stronger than 65% of peers).
How risky is Patrick Industries?: Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.67× vs a peer median of 1.48× (stronger than 82% of peers).Current ratio 2.67× vs peers 1.48× (stronger than 82% of peers). Beta 1.15 vs a peer median of 0.63 (weaker than 80% of peers).Beta 1.15 vs peers 0.63 (weaker than 80% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 28, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 29, 2026

Got stronger

Share count down 2.4%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	3.9B USD	3.9B USD	−0.1%
Net income (12 months)	136.3M USD	147.3M USD	+8.1%
Operating margin	7.0%	6.7%	−0.2 pts
Free cash flow (12 months)	193.7M USD	127.8M USD	−34.0%
Debt	1.4B USD	1.4B USD	+2.5%
Cash	37.5M USD	29.2M USD	−22.2%
Shares outstanding	32.9M	32.1M	−2.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Recreational Vehicles companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	19.6%	21.7%	22.6%	22.5%	23.1%	▲ 0.6 pts
Operating margin	8.6%	10.2%	7.5%	6.9%	7.0%	▲ 0.0 pts
Net margin	5.5%	6.7%	4.1%	3.7%	3.4%	▼ 0.3 pts
Return on assets (ROA)	8.5%	11.8%	5.6%	4.6%	4.4%	▼ 0.2 pts
Return on equity (ROE)	29.3%	34.4%	13.7%	12.3%	11.4%	▼ 0.9 pts
Free cash flow margin	4.6%	6.8%	10.1%	6.8%	6.2%	▼ 0.5 pts
Current ratio	2.25×	2.48×	2.38×	2.33×	2.51×	▲ 7.7%
Quick ratio	0.83×	0.66×	0.73×	0.77×	0.80×	▲ 4.0%
Debt to equity	1.77×	1.36×	0.99×	1.18×	1.10×	▼ 7.0%

PATK price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Sanrio Company, Ltd.8136.T96/ 100

Track & Field Co S.A.TFCO4.SA92/ 100

Pop Mart International Group Limited9992.HK91/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: its share price swings more than most peers’ (beta 1.15 vs a peer median of 0.63)bigger price swings (beta 1.15 vs peers 0.63)

Drawback: more debt relative to equity (1.25× vs a peer median of 0.46×)more debt vs equity (1.25× vs peers 0.46×)

About average: profitability, growth, valuation and risk (debt, liquidity and share-price swings)profitability, growth, valuation and risk

Ranks #837 of 1,502 consumer cyclical companies (bottom 45%)

See how it ranks against its peers

Worth knowing

Buybacks largely absorbed by stock pay. Stock-based pay expense $55M vs $55M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed −3.6% from December 2022 to July 2026.

Over three fiscal years Patrick Industries recorded $55M of stock-based pay expense and spent $55M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). The share count barely moved (−3.6%), so much of the repurchasing offset new employee shares rather than shrinking the count.Over three fiscal years Patrick Industries recorded $55M of stock-based pay expense and spent $55M repurchasing shares. The share count barely moved (−3.6%), so much of the repurchasing offset new employee shares rather than shrinking the count.

Profit below an unusually strong 2022. Since 2022 (an unusually strong year for operating profit): revenue −19%, operating profit −44%.Since 2022: revenue −19%, operating profit −44%.

Since 2022, Patrick Industries's revenue changed −19% while operating profit fell 44%: costs rose faster than sales.

Questions investors ask about Patrick Industries

Is Patrick Industries getting weaker?

Its latest SEC filing (Aug 6, 2026) got stronger: share count down 2.4%. Its overall score is 49/100, down 1 since Oct 28, 2026.

How is Patrick Industries valued vs its peers?

Priced about in line with its peers. Valuation scores 57/100 against 1,612 consumer cyclical peers. Earnings yield 5.6% vs a peer median of 4.4% (stronger than 62% of peers).Earnings yield 5.6% vs peers 4.4% (stronger than 62% of peers).

Is Patrick Industries growing?

At about the same pace as its peers. Growth scores 48/100 against 1,612 consumer cyclical peers. Earnings per share growth 21.0% vs a peer median of 4.2% (stronger than 68% of peers).Earnings per share growth 21.0% vs peers 4.2% (stronger than 68% of peers). 3-year revenue growth 0.5% vs a peer median of 4.3% (weaker than 67% of peers).3-year revenue growth 0.5% vs peers 4.3% (weaker than 67% of peers).

How profitable is Patrick Industries?

About as profitable as its peers. Profitability scores 54/100 against 1,612 consumer cyclical peers. Return on assets 4.6% vs a peer median of 3.3% (stronger than 65% of peers).Return on assets 4.6% vs peers 3.3% (stronger than 65% of peers).

How risky is Patrick Industries?

Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.67× vs a peer median of 1.48× (stronger than 82% of peers).Current ratio 2.67× vs peers 1.48× (stronger than 82% of peers). Beta 1.15 vs a peer median of 0.63 (weaker than 80% of peers).Beta 1.15 vs peers 0.63 (weaker than 80% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

3.9B USD

3.9B USD

−0.1%

Net income (12 months)

136.3M USD

147.3M USD

+8.1%

Operating margin

7.0%

6.7%

−0.2 pts

Free cash flow (12 months)

193.7M USD

127.8M USD

−34.0%

Debt

1.4B USD

1.4B USD

+2.5%

Cash

37.5M USD

29.2M USD

−22.2%

Shares outstanding

32.9M

32.1M

−2.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

19.6%

21.7%

22.6%

22.5%

23.1%

▲ 0.6 pts

Operating margin

8.6%

10.2%

7.5%

6.9%

7.0%

▲ 0.0 pts

Net margin

5.5%

6.7%

4.1%

3.7%

3.4%

▼ 0.3 pts

Return on assets (ROA)

8.5%

11.8%

5.6%

4.6%

4.4%

▼ 0.2 pts

Return on equity (ROE)

29.3%

34.4%

13.7%

12.3%

11.4%

▼ 0.9 pts

Free cash flow margin

4.6%

6.8%

10.1%

6.8%

6.2%

▼ 0.5 pts

Current ratio

2.25×

2.48×

2.38×

2.33×

2.51×

▲ 7.7%

Quick ratio

0.83×

0.66×

0.73×

0.77×

0.80×

▲ 4.0%

Debt to equity

1.77×

1.36×

0.99×

1.18×

1.10×

▼ 7.0%