Patrick Industries, Inc. (PATK) AI Stock Analysis

Patrick Industries, Inc. manufactures and distributes components, building products, and materials for recreational vehicles, marine vessels, manufactured housing, and industrial markets across the United States, China, and Canada. Operating through Manufacturing and Distribution segments, the company produces furniture, shelving, countertops, cabinets, solid surface fabrication, fiberglass, and plastic components. It also provides polymer-based flooring, specialty dash panels, wiring harnesses, aluminum products, CNC molds, composite parts, and marine hardware. Its Distribution segment delivers pre-finished wall and ceiling panels, drywall products, and related electrical and building materials to its customer base.

Patrick Industries achieved a 5-year revenue compound annual growth rate of 9.7% from FY2020 to FY2025. Annual revenue grew from $4.08B in FY2021 to a peak of $4.88B in FY2022, before dropping 29.0% to $3.47B in FY2023. Revenue subsequently rebounded to $3.72B in FY2024 and $3.95B in FY2025, when gross margin reached 23.1% and operating margin was 7.0%. Net income was $135.1M in FY2025, generating EPS of $4.46. Over the trailing twelve months, revenue totaled $3.94B with an operating margin of 7.4%. For the latest quarter ended June 30, 2026, quarterly revenue fell 0.6% year-over-year, while quarterly earnings grew 33.3%.

As of June 30, 2026, Patrick Industries held $29.2M in cash and short-term investments against total debt of $1.65B, resulting in net debt of $1.62B. Total assets stood at $3.21B and shareholders' equity was $1.13B, reflecting a debt-to-equity ratio of 1.46 and a current ratio of 2.67. Free cash flow reached $241.9M in FY2025 from $329.4M in operating cash flow. In FY2025, capital expenditures consumed $87.5M, while capital returns included $55.3M in dividends paid and $32.0M in share buybacks.

At $68.04 per share, Patrick Industries trades at a trailing P/E of 16.2x and a forward P/E of 13.3x, compared to medians of 18.0x and 14.1x for its US-listed Consumer Cyclical peers. Its EV/EBITDA multiple of 8.8x sits below the peer median of 11.1x, and its price-to-sales ratio is 0.6x versus the peer median of 0.7x. Over the past year, PATK declined 30.0%, lagging the S&P 500 (SPY) return of 16.8%. Over five years, PATK has gained 39.3% compared to 83.0% for the index.

Patrick Industries pays a quarterly dividend with an annualized forward payout of $1.88 per share, representing a 2.76% dividend yield at the last close of $68.04. The payout ratio stands at 44.3%, and the company has paid dividends for 8 consecutive years. Its 5-year annualized dividend growth rate is 19.5%, with the most recent ex-dividend date on August 24, 2026.

Wall Street coverage includes 6 Strong Buy, 2 Buy, 2 Hold, and 1 Sell recommendations. The mean price target of $100.82 implies 48.2% upside over the last close of $68.04. Analysts project FY2026 revenue of $3.87B and EPS of $4.20, followed by expected FY2027 revenue of $4.07B and EPS of $5.18. Patrick Industries beat EPS estimates in each of the last 4 quarters, with its next earnings report scheduled for October 29, 2026.

This page is an AI-written research summary of Patrick Industries, Inc. (PATK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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