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Patrick Industries Inc. (PATK)

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Patrick Industries Inc. (PATK) reported revenue of $1.0 billion for Q2 FY2026, the quarter ended 28 June 2026, down 0.6% on the same quarter a year earlier. Net income was $43 million, up 33.9% on the year, and diluted earnings per share $1.28. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$1.0 billiondown 0.6%
Net income$43 millionup 33.9%
Diluted EPS$1.28
QuarterQ2 FY2026ended 28 June 2026

Patrick Industries (PATK) in brief

Patrick Industries (PATK) reported revenue of $4.0 billion for fiscal 2025, the year ended 31 December 2025, up 6.3% on the year before.
Read moreNet income was $135 million and diluted earnings per share $3.90. Revenue was $3.7 billion in fiscal 2024, $3.5 billion in fiscal 2023, $4.9 billion in fiscal 2022 and $4.1 billion in fiscal 2021. Net income in the same years was $138 million, $143 million, $328 million and $225 million. Over the twelve months to 28 June 2026, Patrick Industries reported revenue of $3.9 billion and net income of $147 million. Revenue grew 9.7% a year, compounded, over the five years to fiscal 2025. Patrick Industries declared $1.27 a share in dividends over the last four quarters and had 32 million shares outstanding at the latest filed count. At 28 June 2026 it carried $1.4 billion of debt and $29 million of cash. At the close of 9 October 2026 the market cap of Patrick Industries was $2.0 billion, 15.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE13.0%
ROCE10.4%
Operating margin6.7%
Net margin3.7%
FCF margin3.2%
Interest covern/a
Debt to equity1.25
Cash conversion1.42
Share count, 1 year-3.5%
Sales CAGR, 3 years-6.8%
Profit CAGR, 3 years-25.6%
EPS, TTM$4.22

At the close of 9 October 2026

Price$63.45
Market cap$2.0 billion
Stock P/E15.04
Price to book1.80
EV / EBITDA7.84
Dividend yield2.0%
Market cap / sales0.52
52-week high$145.75
52-week low$63.45
Price, 1 year-34.7%
Price CAGR, 3 years8.9%
Price CAGR, 5 years2.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Patrick Industries Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
PATKgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PATK

Filings22 in twelve months: 13 current reports (8-K), about 7 regulation FD disclosure; 4 other events; 3 results of operations; 2 officer or director change; 1 material agreement
Planned insider sales5 Form 144 notices in twelve months, $5.7 million; latest 12 March 2026
Options tapeput/call 0.85 by open interest at the 9 October 2026 close; the straddle prices a 10.1% move to 16 October 2026
13F holders6 of the followed funds hold it; largest FMR LLC; 6 Schedule 13D or 13G filings in twelve months
Insider trading5 sales and 13 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest5.8 million shares short, 9.59 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 3 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue8667819331,0179198461,0031,0489769249971,042
Cost of revenue667602729785707659775797755711770794
Gross profit199179205231213187229251221213227248
Gross margin23%23%22%23%23%22%23%24%23%23%23%24%
SG&A70.967.685.283.675.881.193.993.286.088.493.196.2
Operating income71.157.359.384.774.439.665.686.766.357.464.777.0
Operating margin8%7%6%8%8%5%7%8%7%6%6%7%
Pre-tax income54.242.039.364.354.420.646.543.447.839.346.358.1
Tax rate27%27%11%26%25%29%18%25%26%26%15%25%
Net income39.530.835.147.940.914.638.232.435.329.139.543.4
Net margin5%4%4%5%4%2%4%3%4%3%4%4%
Diluted EPS$1.21$0.94$1.06$1.44$1.20$0.42$1.11$0.96$1.01$0.83$1.10$1.28
Operating cash flow11511535.213751.510340.11499.1131-14.082.9
Capital expenditure10.911.615.516.917.925.420.218.326.318.218.917.6
Free cash flow10510319.712133.777.219.9131-17.2113-32.965.3
Buybacks0.56.60.00.00.04.78.523.50.00.014.791.4
Dividends paid9.811.913.012.012.013.113.913.113.015.316.314.9
Shares outstanding33m33m34m34m34m34m34m33m33m33m33m32m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue7369201,2221,6362,2632,3372,4874,0784,8823,4683,7163,9513,939
Cost of revenue6177681,0191,3571,8471,9142,0283,2773,8222,6862,8803,0383,031
Gross profit1191522022794164234598011,060782836913908
Gross margin16.1%16.5%16.6%17.1%18.4%18.1%18.5%19.6%21.7%22.6%22.5%23.1%23.1%
Selling, general and administrative36.446.462.290.7128134146254328299326362364
Operating income51.569.990.8122178154173352496260258276265
Operating margin7.0%7.6%7.4%7.5%7.9%6.6%7.0%8.6%10.2%7.5%6.9%7.0%6.7%
Interest expense2.44.3n/an/an/an/an/an/an/an/an/an/an/a
Pre-tax income49.165.683.7113152118130294435191179177192
Income tax18.423.428.127.432.128.333.368.910748.440.242.044.3
Effective tax rate37.5%35.6%33.6%24.2%21.2%24.0%25.6%23.5%24.6%25.3%22.5%23.7%23.1%
Net income30.742.255.685.712089.697.1225328143138135147
Net margin4.2%4.6%4.5%5.2%5.3%3.8%3.9%5.5%6.7%4.1%3.7%3.4%3.7%
Diluted EPS$0.85$1.21$1.62$2.32$3.29$2.57$2.80$6.42$8.99$4.33$4.11$3.90$4.22
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2024FY2025Share
latest year
Manufacturing2,7572,95974.5%
Distribution9801,01425.5%
ManufacturingDistribution
3,737FY20243,973FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Recreational Vehicle1,5031,6251,77645.0%
Manufactured Housing56868268117.2%
Marine78357160615.3%
Industrial49248550312.7%
Powersports1223523849.7%
Recreational VehicleManufactured HousingMarineIndustrialPowersports
3,468FY20233,716FY20243,951FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow46.366.997.199.9200192160252412409327329209
Capital expenditure6.58.015.422.534.527.732.164.879.959.075.782.981.0
Free cash flow39.858.981.777.4166165128187332350251246128
Free cash flow margin5.4%6.4%6.7%4.7%7.3%7.0%5.1%4.6%6.8%10.1%6.8%6.2%3.2%
Cash from investing-78.6-147-154-273-371-79.2-338-575-321-86.5-513-206-164
Cash from financing32.480.563.217017519.383.1401-190-334208-130-37.6
Depreciation and amortisation10.416.824.433.555.162.873.3105131145167170171
Share-based compensation3.34.76.510.414.015.416.022.921.819.416.819.119.7
Buybacks13.922.65.20.01083.823.148.977.118.84.732.0106
Dividends paidn/an/an/an/a0.05.823.627.032.942.150.255.359.5
Dividend per sharen/an/an/a$0.00$0.00$0.17$0.69$0.78$0.96$1.27n/an/an/a
Diluted shares, weighted36m35m34m37m36m35m35m35m37m33m34m35m34m
Shares outstanding at period end52m34m52m38m35m35m35m35m33m33m34m33m32m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1031291853714094975597689551,0451,1281,1841,131
Debt1012042733386617058401,3611,2981,0381,3321,3011,412
Operating lease liabilitiesn/an/an/an/a0.066.588.2120122132151149175
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/a0.01.6n/a
Other liabilities51.748.576.9158161202266402406347409440493
Total liabilities and equity2563825358671,2311,4711,7532,6512,7822,5623,0213,0763,211
Owned
Fixed assets57.467.985.5118177181251319351354385409410
Goodwill31.668.6110208282319396551629637797840840
Intangible assets49.5107165263383357456640720651803743699
Cash and equivalents0.10.16.42.86.913944.812322.811.433.626.429.2
Receivables32.638.238.577.882.587.5133172173164178185277
Inventory71.089.5120175273254313614668510552595653
Other assets13.310.610.120.827.1133160230219235273278303
Total assets2563825358671,2311,4711,7532,6512,7822,5623,0213,0763,211
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded15.7%9.7%-6.8%3.2%
Profit growth, compounded12.3%6.8%-25.6%16.8%
Return on equity, average21.9%20.2%12.4%11.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Patrick Industries' revenue in fiscal 2025?

Patrick Industries (PATK) reported revenue of $4.0 billion for fiscal 2025, the year ended 31 December 2025, up 6.3% on the year before.

How much did Patrick Industries earn in fiscal 2025?

Net income was $135 million for fiscal 2025, and diluted earnings per share $3.90.

What is Patrick Industries' P/E ratio?

At the close of 9 October 2026, Patrick Industries traded at 15.0 times its earnings over the twelve months to 28 June 2026.

What is Patrick Industries' market cap?

The market cap of Patrick Industries was $2.0 billion at the close of 9 October 2026.

Does Patrick Industries pay a dividend?

Yes. Patrick Industries declared $1.27 a share in dividends over the four quarters to 28 June 2026.

Peers: Automobiles and Trucks

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Borgwarner Inc. BWA$12.5 billion30.667.4%5.0%2.2%0.690.9%
Aptiv plc APTV$9.1 billion41.322.5%5.3%-5.4%0.610.0%
Allison Transmission Holdings Inc. ALSN$9.1 billion17.4726.7%19.6%37.6%2.071.0%
Autoliv Inc. ALV$8.0 billion12.9425.8%9.2%5.9%0.682.8%
Lear Corp. LEA$5.8 billion10.9910.7%3.7%3.5%0.520.7%
Gentex Corp. GNTX$4.4 billion11.1316.0%19.3%10.1%0.002.3%
Dorman Products, Inc. DORM$3.6 billion16.6614.5%14.5%3.3%0.29n/a
Atmus Filtration Technologies Inc. ATMU$3.5 billion16.4147.3%17.2%13.1%2.200.5%
Dana Inc. DAN$3.2 billion2.9258.1%n/a3.7%0.691.5%
Versigent plc VGNT$3.1 billionn/a468.2%5.9%n/a26.16n/a
Visteon Corp. VC$2.3 billion11.178.9%n/a-1.1%0.180.4%
Phinia Inc. PHIN$2.1 billion16.568.8%7.0%7.7%0.631.9%
All 36 in Automobiles and Trucks
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Tesla, Inc. TSLA$1.51 trillion354.334.4%4.2%11.8%0.09n/a
Toyota Motor Corp. TM *$219.3 billion9.909.6%7.4%5.5%1.083.8%
General Motors Co. GM$72.6 billion41.793.1%1.0%-1.1%2.060.7%
Ferrari N.V. RACE *$69.1 billion38.6440.9%29.5%7.0%0.740.9%
Paccar Inc. PCAR$56.9 billion22.7012.3%n/a-10.6%0.722.5%
Ford Motor Co. F$48.5 billionn/a-20.7%-3.7%1.5%4.516.2%
Honda Motor Co. Ltd. HMC *$42.4 billionn/a-3.6%-1.9%0.5%1.144.5%
Stellantis N.V. STLA *$13.0 billionn/a-41.8%-17.1%-2.1%0.8617.1%
Borgwarner Inc. BWA$12.5 billion30.667.4%5.0%2.2%0.690.9%
Li Auto Inc. LI *$11.7 billion71.661.5%-0.5%-22.3%0.13n/a
XPeng Inc. XPEV *$9.5 billionn/a-3.8%-3.6%87.7%0.42n/a
Aptiv plc APTV$9.1 billion41.322.5%5.3%-5.4%0.610.0%
Allison Transmission Holdings Inc. ALSN$9.1 billion17.4726.7%19.6%37.6%2.071.0%
NIO Inc. NIO *$8.9 billionn/a-374.3%-16.0%33.1%3.36n/a
Autoliv Inc. ALV$8.0 billion12.9425.8%9.2%5.9%0.682.8%
Oshkosh Corp. OSK$7.7 billion14.3412.3%7.5%2.2%0.131.6%
Federal Signal Corp. FSS$6.9 billion24.5018.9%16.2%24.0%0.300.5%
Lear Corp. LEA$5.8 billion10.9910.7%3.7%3.5%0.520.7%
Terex Corp. TEX$5.8 billion25.853.0%5.7%29.2%0.541.3%
Gentex Corp. GNTX$4.4 billion11.1316.0%19.3%10.1%0.002.3%
Dorman Products, Inc. DORM$3.6 billion16.6614.5%14.5%3.3%0.29n/a
Atmus Filtration Technologies Inc. ATMU$3.5 billion16.4147.3%17.2%13.1%2.200.5%
Thor Industries Inc. THO$3.3 billion18.844.2%n/a0.3%0.203.3%
Dana Inc. DAN$3.2 billion2.9258.1%n/a3.7%0.691.5%
Versigent plc VGNT$3.1 billionn/a468.2%5.9%n/a26.16n/a
Polaris Inc. PII$2.9 billionn/a-31.1%-2.6%8.4%2.295.2%
Visteon Corp. VC$2.3 billion11.178.9%n/a-1.1%0.180.4%
Phinia Inc. PHIN$2.1 billion16.568.8%7.0%7.7%0.631.9%
Patrick Industries Inc. PATK$2.0 billion15.0413.0%6.7%3.2%1.252.0%
LCI Industries LCII$1.9 billion9.1014.8%7.5%4.1%0.605.9%
Dauch Corp. DCH$1.3 billionn/a-11.0%1.0%41.0%3.39n/a
Goodyear Tire & Rubber Co. GT$1.3 billionn/an/an/a-4.3%2.320.0%
Adient plc ADNT$1.3 billion29.022.8%n/a5.0%1.381.6%
Gentherm Inc. THRM$912 million34.133.7%4.0%8.7%0.38n/a
Standard Motor Products, Inc. SMP$819 million16.377.1%8.4%11.3%0.823.4%
Winnebago Industries Inc. WGO$660 million17.183.1%2.4%3.4%0.365.9%
17 companies share its SEC industry code (Motor Vehicle Parts & Accessories); the rest are the names nearest in size in its wider industry, Automobiles and Trucks, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q28 June 20266 August 2026EDGAR
10-Q29 March 20267 May 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q28 September 20256 November 2025EDGAR
10-Q29 June 20257 August 2025EDGAR
10-Q30 March 20258 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q29 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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