Patrick Industries, Inc. (PATK)
NEUTRALFundamental
67
Price
$83.62
Market Cap
$2.72B
Part 1 · What the company is worth
Overview
Patrick Industries, Inc. manufactures and distributes component and materials for recreational vehicle, marine, powersports, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. The company operates through Manufacturing and Distribution segments. Its Manufacturing segment manufactures and sells laminated for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinetry; polymer-based and other flooring products; and dash panels. This segment also provides wrapped vinyl, paper, and hardwood profile mouldings; interior passage doors; air handling products; slide-out trim and fascia; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and components; boat towers, tops, trailers, and frames; adhesives and sealants; thermoformed shower surrounds; specialty bath, and closet building products; wiring and wire harnesses; aluminum and plastic fuel tanks; CNC molds, composite parts, and marine hardware and accessories; slotwall panels and components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panels, drywall and finishing products, electronic and audio systems, appliances, and marine accessories; wiring, electrical, and plumbing products; fiber reinforced polyester products; and cement siding, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other products. This segment also offers transportation and logistics services. Patrick Industries, Inc. was incorporated in 1959 and is based in Elkhart, Indiana.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$3.94B
Trailing 12 months (through 6/28/2026)
Net Income
$147M
Trailing 12 months (through 6/28/2026)
Free Cash Flow
$246M
Total Equity
$1.18B
Total Liabilities
$1.89B
Current Ratio
2.67
Interest Coverage
-
Debt/EBITDA
3.70
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$107.26
Current Price
$83.62
Margin of Safety
+22.0%
Fair Value Range
$69.72 - $144.81
Estimation Methods
Valuation Metrics
P/E Ratio
20.22
ROE
11.4%
P/B Ratio
2.42
P/FCF
21.39
Gross Margin
23.1%
ROIC
7.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
7.4%
WACC
6.8%
ROIC − WACC
+0.7 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamental Analysis Criteria
Passed (18)
- EPS shows upward trend
- Price CAGR 9.42%
- ROIC 7.4%
- P/FCF 21.39
- P/B Ratio 2.42
- Debt/Equity ratio
- Operating Margin 6.7%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- ROE 12.6%
- Revenue Growth 5Y 9.7%
- Analyst Consensus 75% Buy
- Earnings Surprise avg 4.9%
- Earnings Quality (OCF/NI) 1.42
- Net Margin Trend 3.7% vs 3.3%
- Piotroski F-Score 7/9
Failed (7)
- Gross Margin 23.1%
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- PEG Ratio 2.77
- Share Dilution 2.8%
Unavailable (2)
- Dividend Payout NaN%
- Interest Coverage
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Andy L. Nemeth | CEO & Chairman of the Board | 56 |
| Mr. Jeffrey M. Rodino | President | 55 |
| Mr. Hugo E. Gonzalez | President of Powersports and Housing & Chief Operating Officer | 44 |
| Attorney Joel D. Duthie | Executive VP, Chief Legal Officer & Secretary | 50 |
| Mr. Matthew S. Filer | Executive VP of Finance, CFO & Treasurer | 51 |
| Mr. Stephen M. O'Hara II | Vice President of Investor Relations | - |
| Ms. Stacey L. Amundson | Executive VP of Human Resources & Chief Human Resources Officer | 58 |
| Mr. Doyle K. Stump | Executive Vice President of Aftermarket | - |
| Mr. Jacob R. Petkovich | President of Marine | 51 |
| Mr. Todd G. Gongwer | Executive Vice President of Leadership & Culture | - |
Audit Risk
7
Board Risk
7
Compensation Risk
5
Shareholder Rights Risk
3
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for PATK, sourced from Markets Gazette.
- 4/16/2026POSITIVETop 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter
Consumer discretionary stocks are showing potential for a rebound, with Patrick Industries Inc. (PATK) identified as a prime candidate. Benzinga Pro data indicates that PATK's Relative Strength Index (RSI) has fallen below 30, signaling oversold conditions. This technical indicator suggests that the stock may be undervalued and poised for a short-term upward correction. Investors looking for opportunities in the consumer discretionary sector might consider PATK as a potential short-term gain opportunity.
via Markets Gazette