Patrick Industries (PATK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Patrick Industries

NasdaqGS•Consumer Cyclical•Recreational Vehicles

$70.41-0.39(-0.01%)Pre-market

Market Cap

$2.23B

P/E

15.2x

P/S

0.6x

P/B

2.0x

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.

How this company scores

GoodMetricSide Score: 62/100

Strongest: Profitability (19/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability19/25

Growth19/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality14/25

Strengths

Rising earningsCash-backed earningsProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.2x5y range 2.8x – 27.8x

Currently near its 20-quarter median.

P/S · 0.6x5y range 0.2x – 0.9x

Currently near its 20-quarter median.

P/B · 2.0x5y range 1.0x – 3.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $2.23B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.94B
Q. Revenue: $1.04B
TTM EBITDA: $436.20M
TTM Op. Income: $265.45M
Q. Op. Income: $77.03M
TTM Net Income: $147.28M
Q. Net Income: $43.42M
EPS: $1.36
Shares Out.: $31.91M

$3.94B in TTM revenue grew 3.2% YoY, reaching $1.04B last quarter. TTM EBITDA of $436.20M and TTM operating income of $265.45M show growth is flowing through to the bottom line. TTM net income of $147.28M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 23.8%
EBITDA Margin: 11.5%
Op. Margin: 7.4%
Net Margin: 4.2%

Op. margin of 7.4% is down 0.9% YoY — costs are rising relative to revenue. Net margin at 4.2% and gross margin of 23.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 15.2x
P/S Ratio: 0.6x
P/B Ratio: 2.0x

At 15.2x P/E, the stock trades within typical market levels. P/S of 0.6x and P/B of 2.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.21B
Cash: $29.16M
Long-Term Debt: $1.41B
Book Value: $1.13B
D/E Ratio: 1.2
Debt/EBITDA: 11.8

With $3.21B in assets and $1.41B in long-term debt, D/E is 1.2and book value is $1.13B — moderate leverage. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $82.92M
TTM Free Cash Flow: $127.82M
FCF Margin: 3.2%
FCF / Net Income: 0.9

TTM FCF of $127.82M on $82.92M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.