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Patrick Industries Inc (PATK) stock

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NASDAQ: PATK Nasdaq Automotive Parts & Equipment Next results ~January 28, 2027

C+ Fundamentals grade

Patrick Industries Inc is a US-listed company in the automotive parts & equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$77

Cash-flow model

Base case. Range ~$47–$120 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 5% above our base value.

Price used: $81.42, November 3, 2026

Patrick Industries Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Patrick Industries files

Where Patrick Industries stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.94bn, up 3.2% on a year earlier, slower than the 4.2% growth a quarter earlier. Free-cash-flow margin fell to 3.2% from 6.9% a year earlier. The diluted share count is up 2.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 6 financial-health checks. Our cash-flow model value is $72.56 a share, against a share price of $70.89. At that price, our model says the market is pricing in about 1.7% a year of cash-flow growth for five years, faster than the -0.7% a year revenue growth it has delivered.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

Patrick Industries Inc's trailing-twelve-month revenue grew 3.2% year on year, with a free-cash-flow margin of 3.2%. Where it stands out: days sales outstanding of 26 days ranks 2 of 17 automotive parts & equipment companies we cover. Where it lags: change in share count of 2.7% ranks 20 of 24 automotive parts & equipment companies we cover.

Our discounted-cash-flow model values the business at ~$77 per share in the base case (~$47–$120 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 51.2% while net income grew 16.8%: a 68pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Share dilution. Diluted shares rose 2.7% in a year.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 44.0% ranks 17 of 22 automotive parts & equipment companies we cover (median 20.8%).
  • Heavily shorted. 25.5% of the shares available to trade are sold short (8.6 days of average volume to cover).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 10.6% over 90 days.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$1.03 against an average estimate of $0.99: beat by 4.5%
Revenue
$1.04bn, down 0.6% on a year earlier
Share reaction
+11.1% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate $0.80

Patrick Industries' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.4%
  • 1 week+13.2%
  • 1 month+21.2%
  • This year-23.5%
  • 1 year-19.3%
  • 5 years+71.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.9B
Operating margin
6.7%
Net margin
3.7%
EPS (TTM, diluted)
$4.20

Growth

Revenue growth
+3.2%
Change in growth rate
−1.0 pts
Share count change
+2.7%

Cash

Free cash flow (TTM)
$128M
FCF margin
3.2%
Stock pay % of revenue
0.5%

Earnings

Last results
October 29, 2026
Next results (est.)
January 28, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Deal
  3. Announcement
  4. Announcement
  5. Dividend
  6. Announcement
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Patrick Industries Inc valuation models and calculator

What the price is pricing in

The share price implies about 2.6% a year of cash-flow growth for five years.That is close to the -0.7% a year revenue growth Patrick Industries has delivered.

  • Priced in2.6%
  • Last 12 months3.2%
  • 3 years a year0.5%
  • 5 years a year-0.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($81.31, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$77
Price used
$81.31close November 3, 2026
Implied change
▼ 5%
Uncertainty
High

How we got here: a discounted-cash-flow model of Patrick Industries Inc's free cash flow after stock-based pay with after-tax interest added back ($233M, FY2026 Q2 TTM), growing 0.9% and 2.9% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$47–~$120 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Patrick Industries Inc's free cash flow after stock-based pay ( $233M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Patrick Industries Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.02 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$77 ~$47–$120 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$42 ~$36–$53 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$100 ~$76–$140 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$94 ~$82–$110 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$79 ~$42–$100 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Patrick Industries Inc with Automotive Parts & Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −65%
  • Revenue growth 5 points higher ▲ +86%
  • Free-cash-flow margin 1 point lower ▼ −80%
  • Last year's free-cash-flow margin change, if it persists ▼ −74%
  • Discount rate 1 point higher ▼ −37%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $61$98$148$213$299$409
8.5% $37$64$99$146$207$285
10% $22$43$70$106$152$211

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$16.90$29.65$40.48$17.26$30.70$40.77$48.81$37.54$63.68$80.55$106.89$81.75
Market value$590m$1.0bn$1.5bn$630m$1.1bn$1.4bn$1.7bn$1.4bn$2.1bn$2.7bn$3.7bn$2.9bn
+ Net debt (− = net cash)$204m$267m$352m$654m$566m$795m$1.2bn$1.3bn$1.0bn$1.3bn$1.3bn$1.4bn
Enterprise value$794m$1.3bn$1.8bn$1.3bn$1.6bn$2.2bn$2.9bn$2.7bn$3.1bn$4.0bn$5.0bn$4.3bn
Multiples
Price / sales 0.6x0.8x0.9x0.3x0.5x0.6x0.4x0.3x0.6x0.7x0.9x0.7x
Price / earnings 14.0x18.3x17.5x5.3x12.0x14.5x7.6x4.2x14.7x19.6x27.4x19.5x
Price / free cash flow 10.0x12.5x19.3x3.8x6.5x11.0x9.1x4.2x6.0x10.8x15.0x22.4x
EV / EBITDA 9.2x11.2x11.9x5.5x7.5x8.9x6.5x4.2x7.7x9.5x11.2x9.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

64 /100

Moderate moat

How hard Patrick Industries's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 16.8% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 21.0%, moving by 2.1 percentage points (standard deviation) across 9 years.

  • Durability 11 / 20

    Operating margin has been a median 7.5%; its worst year was 5.9%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 9 of 9 years, at a median 6.9% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 0.7% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (70 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.18 −6% $3.9bn −2%
Next $5.08 +22% $4.0bn +5%

Next year's EPS estimate has moved −10.6% in 90 days, across 10 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −9.3% on 90 days ago. In the last 30 days, 0 analysts raised Patrick Industries Inc's forecast and 4 cut it.

Consensus EPS forecast Patrick Industries Inc, last 90 days
$4.00 $4.50 $5.00 $5.50 $6.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.61 Current fiscal year, 60 days ago: $4.29 Current fiscal year, 30 days ago: $4.28 Current fiscal year, 7 days ago: $4.20 Current fiscal year, Now: $4.18 $4.18 Next fiscal year, 90 days ago: $5.68 Next fiscal year, 60 days ago: $5.36 Next fiscal year, 30 days ago: $5.33 Next fiscal year, 7 days ago: $5.18 Next fiscal year, Now: $5.08 $5.08

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.61$5.68
60 days ago $4.29$5.36
30 days ago $4.28$5.33
7 days ago $4.20$5.18
Now $4.18$5.08

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.99 $1.03 +4.5%
Jun 2026 $1.24 $1.29 +4.4%
Mar 2026 $1.04 $1.10 +5.5%
Dec 2025 $0.73 $0.84 +15.4%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Patrick Industries Inc's revenue by +0.9% next year and +2.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+0.4%, weight 68%) and the company's own record (+2.0%, weight 32%) . How the weights are set.

Analyst recommendations

11 analysts, Oct 2026
Buy873%
Hold218%
Sell19%

Monthly trend

  1. Oct 2026262111
  2. Sep 2026262111
  3. Aug 2026252110
  4. Jul 2026252110

Counts of recommendations published by analysts covering Patrick Industries Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
25.5%
of tradable shares
Days to cover
8.61
at average volume
Short interest, 1 month
+14%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
4.1%
of shares
Employees
10,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −20.2%

$102.44 on October 31, 2025 to $81.75

ThenNowEffect
Revenue (last 12 months) $3.8bn $3.9bn +3.2%
Net margin 3.3% 3.7% +13.2%
P/E multiple 27.8x 19.5x −29.8%
Share count 34m 35m −2.6%

Biggest factor: p/e multiple.

Last 3 years +59.5%

$51.26 on November 3, 2023 to $81.75

ThenNowEffect
Revenue (last 12 months) $3.9bn $3.9bn +1.4%
Net margin 4.4% 3.7% −15.3%
P/E multiple 10.4x 19.5x +86.5%
Share count 35m 35m −0.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PATK+20%−23%+70%+27%+33%−24%
Industry peers (median)+15%−30%+7%−24%+23%−5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PATK67%50%58%58%67%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PATK−27%−46%−17%−22%−24%−56%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 73% from January 25, 2018 to March 20, 2020. Getting back needed a 265% gain, reached on December 15, 2020, 270 days after the low.

Price behaviour

52-week range
$63.31 – $143.68
From 52-week high
−43.1%
vs 50-day average
+13.0%
vs 200-day average
−13.6%
Volatility (1 year)
38%
Beta vs S&P 500
0.69

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±5.9%
After a week
6 up, 5 down
typical move ±5.7%
After a month
8 up, 3 down
typical move ±8.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +11.1% −2.1% — —
July 30, 2026 −4.7% +2.4% −0.1% −3.1%
February 5, 2026 +4.6% +0.6% +4.9% −13.4%
October 30, 2025 +5.5% −0.8% +5.3% +8.5%
July 31, 2025 −3.0% −2.0% 0.0% +11.0%
May 1, 2025 +7.6% +2.2% +8.3% +7.8%
February 6, 2025 −3.0% −0.6% −3.2% −9.8%
October 31, 2024 −13.6% −1.5% −5.4% +1.2%
August 1, 2024 −4.8% −3.3% −6.6% +1.3%
May 2, 2024 +6.8% +2.2% +10.5% +9.7%
February 8, 2024 +6.5% +0.6% +7.2% +8.7%
October 26, 2023 0.0% −1.6% +10.8% +18.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Patrick Industries Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Patrick Industries Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Patrick Industries Inc
$3.4B $3.6B $3.8B $4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $3.6B Revenue (TTM), FY23 Q4: $3.5B Revenue (TTM), FY24 Q1: $3.5B Revenue (TTM), FY24 Q2: $3.6B Revenue (TTM), FY24 Q3: $3.7B Revenue (TTM), FY24 Q4: $3.7B Revenue (TTM), FY25 Q1: $3.8B Revenue (TTM), FY25 Q2: $3.8B Revenue (TTM), FY25 Q3: $3.9B Revenue (TTM), FY25 Q4: $4B Revenue (TTM), FY26 Q1: $3.9B Revenue (TTM), FY26 Q2: $3.9B $3.9B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $3.6B
FY23 Q4 $3.5B
FY24 Q1 $3.5B
FY24 Q2 $3.6B
FY24 Q3 $3.7B
FY24 Q4 $3.7B
FY25 Q1 $3.8B
FY25 Q2 $3.8B
FY25 Q3 $3.9B
FY25 Q4 $4B
FY26 Q1 $3.9B
FY26 Q2 $3.9B
Revenue growth, TTM YoY Patrick Industries Inc
-30% -20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -28.3% Revenue growth, TTM YoY, FY23 Q4: -29.0% Revenue growth, TTM YoY, FY24 Q1: -21.1% Revenue growth, TTM YoY, FY24 Q2: -7.4% Revenue growth, TTM YoY, FY24 Q3: 0.3% Revenue growth, TTM YoY, FY24 Q4: 7.1% Revenue growth, TTM YoY, FY25 Q1: 8.1% Revenue growth, TTM YoY, FY25 Q2: 6.1% Revenue growth, TTM YoY, FY25 Q3: 6.1% Revenue growth, TTM YoY, FY25 Q4: 6.3% Revenue growth, TTM YoY, FY26 Q1: 4.2% Revenue growth, TTM YoY, FY26 Q2: 3.2% 3.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -28.3%
FY23 Q4 -29.0%
FY24 Q1 -21.1%
FY24 Q2 -7.4%
FY24 Q3 0.3%
FY24 Q4 7.1%
FY25 Q1 8.1%
FY25 Q2 6.1%
FY25 Q3 6.1%
FY25 Q4 6.3%
FY26 Q1 4.2%
FY26 Q2 3.2%
Operating margin (TTM) Patrick Industries Inc
6.5% 7% 7.5% 8% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 7.4% Operating margin (TTM), FY23 Q4: 7.5% Operating margin (TTM), FY24 Q1: 7.5% Operating margin (TTM), FY24 Q2: 7.6% Operating margin (TTM), FY24 Q3: 7.6% Operating margin (TTM), FY24 Q4: 6.9% Operating margin (TTM), FY25 Q1: 7.0% Operating margin (TTM), FY25 Q2: 7.0% Operating margin (TTM), FY25 Q3: 6.7% Operating margin (TTM), FY25 Q4: 7.0% Operating margin (TTM), FY26 Q1: 7.0% Operating margin (TTM), FY26 Q2: 6.7% 6.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 7.4%
FY23 Q4 7.5%
FY24 Q1 7.5%
FY24 Q2 7.6%
FY24 Q3 7.6%
FY24 Q4 6.9%
FY25 Q1 7.0%
FY25 Q2 7.0%
FY25 Q3 6.7%
FY25 Q4 7.0%
FY26 Q1 7.0%
FY26 Q2 6.7%
FCF margin (TTM) Patrick Industries Inc
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 11.3% FCF margin (TTM), FY23 Q4: 10.1% FCF margin (TTM), FY24 Q1: 11.2% FCF margin (TTM), FY24 Q2: 9.7% FCF margin (TTM), FY24 Q3: 7.6% FCF margin (TTM), FY24 Q4: 6.8% FCF margin (TTM), FY25 Q1: 6.6% FCF margin (TTM), FY25 Q2: 6.9% FCF margin (TTM), FY25 Q3: 5.4% FCF margin (TTM), FY25 Q4: 6.2% FCF margin (TTM), FY26 Q1: 4.9% FCF margin (TTM), FY26 Q2: 3.2% 3.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 11.3%
FY23 Q4 10.1%
FY24 Q1 11.2%
FY24 Q2 9.7%
FY24 Q3 7.6%
FY24 Q4 6.8%
FY25 Q1 6.6%
FY25 Q2 6.9%
FY25 Q3 5.4%
FY25 Q4 6.2%
FY26 Q1 4.9%
FY26 Q2 3.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Patrick Industries took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $4B
  2. Cost of revenue $3B · 76.9%
  3. Gross profit $913M · 23.1%
  4. Selling, general and admin $362M · 9.2%
  5. Other operating costs $275M · 7.0%
  6. Operating income $276M · 7.0%
  7. Income tax $42M · 1.1%
  8. Interest and other $98.9M · 2.5%
  9. Net income $135M · 3.4%

Shares of revenue. Source: Patrick Industries's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 12 8 29 595 736 920 1,222 1,636 2,263 2,337 2,487 4,078 4,882 3,468 3,716 3,951 3,939
Gross profit 30 44 66 91 119 152 202 279 416 423 459 801 1,060 782 836 913 908
EBITDA 11 18 33 48 62 87 115 155 233 217 247 457 627 405 425 446 436
Operating income 6 13 27 41 51 70 91 122 178 154 173 352 496 260 258 276 265
Net income 1 8 28 24 31 42 56 86 120 90 97 225 328 143 138 135 147
Diluted EPS $0.04 $0.25 $0.78 $0.66 $0.85 $1.21 $1.62 $2.32 $3.29 $2.57 $2.80 $6.42 $8.99 $4.33 $4.11 $3.90 $4.20
Growth (year on year)
Revenue — −33.3% +262.5% +>999% +23.7% +25.1% +32.8% +33.9% +38.4% +3.3% +6.4% +64.0% +19.7% −29.0% +7.1% +6.3% +3.2%
EBITDA — +61.7% +77.4% +47.9% +28.3% +40.0% +32.9% +34.9% +50.2% −7.0% +13.5% +85.1% +37.3% −35.4% +4.9% +5.1% −0.0%
Operating income — +110.3% +100.7% +51.4% +25.7% +35.8% +29.9% +34.2% +46.4% −13.4% +12.3% +102.9% +41.1% −47.6% −0.8% +7.0% −0.3%
Net income — +590.9% +231.7% −14.4% +27.6% +37.6% +31.6% +54.2% +39.8% −25.3% +8.4% +131.7% +45.9% −56.5% −3.1% −2.4% +16.8%
Diluted EPS — +591.7% +218.1% −15.3% +28.2% +42.1% +34.3% +43.2% +41.7% −21.9% +9.1% +129.3% +40.0% −51.8% −5.1% −5.1% +13.7%
Margins
Gross margin — — — 15.3% 16.1% 16.5% 16.6% 17.1% 18.4% 18.1% 18.5% 19.6% 21.7% 22.6% 22.5% 23.1% 23.1%
EBITDA margin 94.8% 229.9% 112.5% 8.1% 8.4% 9.4% 9.4% 9.5% 10.3% 9.3% 9.9% 11.2% 12.8% 11.7% 11.4% 11.3% 11.1%
Operating margin 53.4% 168.4% 93.2% 6.9% 7.0% 7.6% 7.4% 7.5% 7.9% 6.6% 7.0% 8.6% 10.2% 7.5% 6.9% 7.0% 6.7%
Net margin 10.2% 105.9% 96.9% 4.0% 4.2% 4.6% 4.5% 5.2% 5.3% 3.8% 3.9% 5.5% 6.7% 4.1% 3.7% 3.4% 3.7%
Free-cash-flow margin 54.4% 117.2% 45.2% 2.3% 5.4% 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 flow
Cash from operations 8 12 21 22 46 67 97 100 200 192 160 252 412 409 327 329 209
Capital spending 1 2 8 9 7 8 15 22 34 28 32 65 80 59 76 83 81
Free cash flow 7 9 13 14 40 59 82 77 166 165 128 187 332 350 251 246 128
Stock-based pay 0 0 1 1 3 5 6 10 14 15 16 23 22 19 17 19 20
Free cash flow after stock pay 6 9 12 12 36 54 75 67 152 149 112 164 310 330 234 227 108
Balance sheet
Cash 2 1 0 0 0 0 6 3 7 139 45 123 23 11 34 26 29
Total debt 36 33 50 55 101 204 273 354 661 705 840 1,361 1,298 1,038 1,332 1,301 1,429
Net debt (negative = net cash) 34 32 49 55 101 204 267 352 654 566 795 1,238 1,276 1,027 1,299 1,274 1,400
Diluted shares 33m 34m 36m 36m 36m 35m 34m 37m 36m 35m 35m 35m 37m 33m 34m 35m 35m
Returned to shareholders
Dividends — — — — — — — — 0 6 24 27 33 42 50 55 60
Buybacks — — — 6 14 23 5 0 108 4 23 49 77 19 5 32 106
Total returned — — — 6 14 23 5 0 108 10 47 76 110 61 55 87 166

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · June 28, 2026
What it owns · $3.2bn
Short-term assets $1.0bnLonger-term assets $2.2bn
What it owes, and who funded it · $3.2bn
Short-term liabilities $383mLonger-term liabilities $1.7bnShareholders' equity $1.1bn
  • Short-term assets cover short-term liabilities $1.0bn of assets due within a year against $383m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.0bn short-term assets against $1.7bn of longer-dated liabilities.
  • More cash than debt $29m of cash against $1.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 125% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 167% to 125% over five years.
  • A year's operating cash flow covers at least 20% of debt $209m of operating cash flow against $1.4bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Patrick Industries Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$106M
Dividends (TTM)
$59.5M
Returned to shareholders
130%
of free cash flow
Buybacks, last 3 fiscal years
$55.4M
Diluted share count
+2.7%
year over year
Total shareholder yield
6.3%
dividends 2.3% + buybacks 4.0% of market value
Dividend payout ratio
40%
of net income paid out
Sales & admin spending
9.2%
of revenue
Days sales outstanding
26 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in automotive parts & equipment
Last 12 months unless stated PATK LCII VC GTX PHIN CPS Median
Revenue, last 12 months $3.9bn $4.0bn $3.8bn $3.8bn $3.6bn $2.8bn $2.4bn
Revenue growth, last 12 months 3.2% 4.1% 1.9% 6.9% 5.6% 2.1% 4.6%
Revenue growth, 3-year average 0.5% 0.1% −1.6% −0.5% 1.4% 0.8% 1.4%
Revenue growth, latest quarter −0.6% −12.5% 5.8% 3.1% 0.4% 2.2% 2.0%
Gross margin 23.1% 25.7% 10.4% 21.1% 22.1% 11.7% 20.5%
Operating margin 6.7% 7.5% — — 8.3% 2.3% 6.0%
Operating margin, 3-year average 7.1% 6.3% — — 7.9% 2.9% 5.7%
Net margin 3.7% 5.2% 4.1% 10.0% 5.2% −2.0% 3.5%
Cash from operations / revenue 5.3% 8.6% 5.2% 12.6% 9.0% 2.0% 6.8%
Free-cash-flow margin 3.2% 7.1% 2.1% 10.4% 6.3% −0.2% 4.3%
Free-cash-flow margin, 3-year average 6.6% 8.3% 6.1% 9.9% 5.5% 0.4% 5.5%
Stock pay / revenue 0.5% 0.6% 1.2% 0.8% 0.6% 0.4% 0.7%
Change in share count 2.7% −3.5% −1.5% −6.7% −6.9% 0.9% −0.0%

Median of all 26 companies we cover in automotive parts & equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

26 automotive parts & equipment companies
Measure Company Peer median Rank
Revenue growth Growth 3.2% 5.0% 18 of 26
Change in growth rate Growth -1.0pp -1.1pp 12 of 26
Gross margin Profitability 23.1% 21.1% 11 of 26
Operating margin Profitability 6.7% 6.4% 10 of 22
Net margin Profitability 3.7% 3.7% 13 of 26
Free-cash-flow margin Cash generation 3.2% 5.4% 14 of 26
Stock pay as % of revenue Cash generation 0.5% 0.8% 7 of 22
Long-term debt as % of assets Balance sheet 44.0% 20.8% 17 of 22
Change in share count Balance sheet 2.7% -0.0% 20 of 24
Days sales outstanding Balance sheet 26 days 61 days 2 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Manufacturing $2.9B 74.5% ▲ 7.4%
Distribution $1B 25.5% ▲ 3.4%
Products and services
Line of business Revenue Share YoY
Recreational Vehicle $1.8B 45.0% ▲ 9.3%
Manufactured Housing $681M 17.2% ▼ 0.1%
Marine $606M 15.3% ▲ 6.3%
Industrial $503M 12.7% ▲ 3.5%
Powersports $384M 9.7% ▲ 9.1%

From Patrick Industries Inc's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.2B
Institutions reporting
328
Shares held vs prior quarter
▼ 0.2%
Positions opened / closed
40 / 52

Top buyers and sellers, Q2 2026: 161 institutions bought and 166 sold ; the biggest buyer was FMR LLC (+732K shares) and the biggest seller Price T Rowe Associates Inc (−660K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $449M 5.0M 13.9% ▲ 5.0%
FMR LLC $387M 4.3M 12.0% ▲ 20.4%
Wellington Management Group LLP $146M 1.6M 4.5% ▼ 7.4%
Dimensional Fund Advisors LP $134M 1.5M 4.2% ▲ 2.9%
Vanguard Capital Management LLC $128M 1.4M 4.0% ▼ 0.3%
Capital Research Global Investors $126M 1.4M 3.9% ▲ 3.0%
Capital World Investors $119M 1.3M 3.7% ▲ 2.8%
State Street Corp $115M 1.3M 3.6% ▲ 2.8%
Geode Capital Management, LLC $77.5M 864K 2.4% ▲ 5.7%
Vanguard Portfolio Management LLC $74.5M 829K 2.3% ▲ 7.1%
Bank Of New York Mellon Corp $65.1M 726K 2.0% ▲ 12.6%
Copeland Capital Management, LLC $58.2M 648K 1.8% ▲ 15.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Patrick Industries Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $3.8M 13 trades by 6 insiders, last 12 months Insider sales History → $5.7M 5 trades by 5 insiders · 0% under pre-set plans
Net ▼ $1.9M net selling
Insider Date Trade Shares Price Value
Welch M Scott Director June 10, 2026 Buy 100 $83.85 $8,385
Welch M Scott Director May 19, 2026 Buy 100 $89.44 $8,944
Petkovich Jacob R President - Marine May 6, 2026 Buy 1,300 $95.57 $124,241
Roeder Charles R President - RV May 5, 2026 Buy 5,750 $87.83 $505,022
Filer Matthew S 10% owner May 5, 2026 Buy 1,000 $85.50 $85,500
Welch M Scott Director May 5, 2026 Buy 10,000 $88.23 $882,300
Welch M Scott Director May 5, 2026 Buy 50 $88.41 $4,420
Nemeth Andy L Chief Executive Officer May 5, 2026 Buy 10,000 $88.00 $880,000
Augsburger Blake Director May 5, 2026 Buy 400 $85.19 $34,076
Welch M Scott Director March 12, 2026 Buy 10,000 $113.68 $1.1M
Gonzalez Hugo E Pres Powersports & Housing/COO March 12, 2026 Sell 13,514 $113.10 $1.5M
Welch M Scott Director March 6, 2026 Buy 50 $116.40 $5,820

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 13 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of Patrick Industries Inc shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded March 3, 2026, filed April 7, 2026
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded June 17, 2025, filed August 13, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded June 11, 2025, filed August 13, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • February 5, 2026
  • October 30, 2025
  • July 31, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on Patrick Industries Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Patrick Industries Inc in brief

What does Patrick Industries Inc do?
Patrick Industries Inc is a US-listed company in the automotive parts & equipment industry. Its financial year ends in December.
What is Patrick Industries Inc's stock ticker?
Patrick Industries Inc trades under the ticker PATK on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Patrick Industries Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Patrick Industries Inc reported revenue of $3.9B, 3.2% higher than a year earlier, according to its SEC filings.
What is Patrick Industries Inc's free cash flow?
Patrick Industries Inc's free-cash-flow margin is 3.2% of revenue over the trailing twelve months, ranking 14 of the 26 automotive parts & equipment companies we cover.
What is Patrick Industries Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Patrick Industries Inc's free cash flow after stock-based pay gives ~$77 per share in the base case, and ~$47–$120 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Patrick Industries Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Wellington Management Group LLP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Patrick Industries Inc buying back stock, and does it pay a dividend?
Patrick Industries Inc spent $106M on share repurchases over the trailing twelve months, and its diluted share count still rose 2.7% over the year.
What is Patrick Industries Inc's market cap?
On November 2, 2026, Patrick Industries Inc's market capitalisation was about $2.9B, with a price-to-earnings ratio of 19.5 and net debt of $1.4B. Market figures come from third-party market data and may be delayed.
Does Patrick Industries Inc pay a dividend?
Yes: Patrick Industries Inc paid $59.5M in dividends over the trailing twelve months, a dividend yield of 2.27% and a payout ratio of 40.4%.
How much debt does Patrick Industries Inc have?
Patrick Industries Inc's debt-to-equity ratio is 125.4%, from its latest balance sheet (166.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Patrick Industries Inc's competitors?
In our Automotive Parts & Equipment peer group, the companies closest to Patrick Industries Inc are LCI Industries, Visteon Corp, Garrett Motion Inc., Phinia Inc. and Cooper-standard Holdings Inc. The side-by-side comparison below sets their revenue, margins and growth against Patrick Industries Inc's.
Are insiders buying or selling Patrick Industries Inc stock?
Over the last 12 months, Patrick Industries Inc's directors and officers reported 13 open-market purchases and 5 sales on Form 4. The insider trading page charts every trade.
When is Patrick Industries Inc's next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Patrick Industries Inc announces its own schedule.