Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
PATK 
Patrick Industries Inc (PATK)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/09/2025: PATK (3-star) is a STRONG-BUY. BUY since 5 days. Simulated Profits (0.18%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
9 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $110.2
1 Year Target Price $110.2
| 3 | Strong Buy |
| 4 | Buy |
| 1 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 77.92% | Avg. Invested days 59 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 12/09/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.61B USD | Price to earnings Ratio 31.1 | 1Y Target Price 110.2 |
Price to earnings Ratio 31.1 | 1Y Target Price 110.2 | ||
Volume (30-day avg) 9 | Beta 1.33 | 52 Weeks Range 72.09 - 115.87 | Updated Date 12/10/2025 |
52 Weeks Range 72.09 - 115.87 | Updated Date 12/10/2025 | ||
Dividends yield (FY) 1.49% | Basic EPS (TTM) 3.49 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.11% | Operating Margin (TTM) 6.8% |
Management Effectiveness
Return on Assets (TTM) 5.15% | Return on Equity (TTM) 10.49% |
Valuation
Trailing PE 31.1 | Forward PE 19.19 | Enterprise Value 5096689583 | Price to Sales(TTM) 0.93 |
Enterprise Value 5096689583 | Price to Sales(TTM) 0.93 | ||
Enterprise Value to Revenue 1.32 | Enterprise Value to EBITDA 12.63 | Shares Outstanding 33276096 | Shares Floating 31818603 |
Shares Outstanding 33276096 | Shares Floating 31818603 | ||
Percent Insiders 4.14 | Percent Institutions 111.12 |
Upturn AI SWOT
Patrick Industries Inc
Company Overview
History and Background
Patrick Industries Inc. was founded in 1994. It has grown into a leading manufacturer of component products and building materials for the recreational vehicle (RV), manufactured housing, and industrial markets. The company has achieved significant growth through a combination of organic expansion and strategic acquisitions, consistently broadening its product offerings and market reach.
Core Business Areas
- Marine: Patrick Industries serves the marine industry by providing a wide range of component products, including fiberglass and composite components, interior woodwork, and various other finished goods for boat manufacturers.
- RV: The company is a major supplier to the recreational vehicle (RV) industry, offering a comprehensive suite of products such as interior and exterior components, chassis, cabinetry, countertops, and flooring.
- Manufactured Housing: Patrick Industries supplies essential components to the manufactured housing sector, including wall panels, roofing, flooring, cabinetry, and other interior and exterior building materials.
- Industrial Markets: Beyond its core markets, Patrick Industries also serves various industrial applications with its diverse manufacturing capabilities and product lines.
Leadership and Structure
Patrick Industries Inc. is led by a seasoned management team with extensive experience in the manufacturing and distribution sectors. The company operates through a decentralized structure, with acquired entities often maintaining their operational autonomy while benefiting from the parent company's resources and strategic direction. Key leadership roles include the Chief Executive Officer, Chief Financial Officer, and various divisional presidents overseeing specific market segments.
Top Products and Market Share
Key Offerings
- Flooring and Countertops: Patrick Industries offers a broad selection of flooring materials (e.g., vinyl, laminate) and countertop solutions for RVs, manufactured homes, and marine applications. Competitors include companies like Daltile, Shaw Industries, and various specialized surfacing manufacturers. Market share data is proprietary but the company is a significant supplier in its served segments.
- Cabinetry and Millwork: The company manufactures and supplies a wide range of custom and standard cabinetry, interior woodwork, and millwork for recreational vehicles, manufactured housing, and marine vessels. Competitors include cabinet manufacturers and millwork specialists. Patrick Industries holds a substantial position in OEM supply for RV and manufactured housing.
- Fiberglass and Composite Components: Patrick Industries provides molded fiberglass and composite components for the marine industry and other applications. Key competitors include specialized composite manufacturers and suppliers to the marine OEM market. The company is a significant player in its niche.
- Chassis Components: For the RV market, the company supplies various chassis components and related parts. Major competitors in this space include chassis manufacturers and their direct suppliers. Patrick Industries is a key supplier to RV OEMs.
Market Dynamics
Industry Overview
The industries served by Patrick Industries (RV, manufactured housing, marine) are cyclical and influenced by consumer spending, interest rates, and economic confidence. The RV and marine sectors are particularly sensitive to discretionary spending, while manufactured housing is driven by housing demand and affordability. The demand for components is directly tied to OEM production volumes in these sectors.
Positioning
Patrick Industries is positioned as a leading, vertically integrated supplier of component products and building materials. Its competitive advantages lie in its broad product portfolio, extensive customer relationships with OEMs, strong acquisition strategy, and operational efficiencies gained through scale and integration. The company benefits from being a one-stop-shop for many of its customers' component needs.
Total Addressable Market (TAM)
The TAM for the RV, manufactured housing, and marine component markets is substantial, estimated to be in the tens of billions of dollars annually. Patrick Industries holds a significant share of the OEM component market within these sectors, with potential for further expansion through market penetration and diversification.
Upturn SWOT Analysis
Strengths
- Strong relationships with major OEMs in RV, manufactured housing, and marine industries.
- Diversified product portfolio across multiple end markets.
- Proven track record of successful strategic acquisitions.
- Vertical integration providing cost advantages and supply chain control.
- Established manufacturing and distribution network.
Weaknesses
- Cyclicality of end markets leading to revenue volatility.
- Reliance on a few large OEM customers.
- Potential integration challenges with newly acquired companies.
- Exposure to raw material price fluctuations.
Opportunities
- Growth in the RV and marine leisure markets.
- Increasing demand for affordable housing solutions (manufactured housing).
- Expansion into new geographic markets or adjacent product categories through acquisition.
- Development of new, innovative component solutions.
- Increasing outsourcing by OEMs.
Threats
- Economic downturns impacting consumer discretionary spending.
- Rising interest rates affecting affordability of recreational vehicles and homes.
- Increased competition from new entrants or existing players.
- Supply chain disruptions and labor shortages.
- Changes in consumer preferences and regulatory environments.
Competitors and Market Share
Key Competitors
- Collins Bus Corp (Private)
- Forest River, Inc. (Private)
- Fleetwood Enterprises, Inc. (Defunct)
- Thor Industries, Inc. (THO)
- Winnebago Industries, Inc. (WGO)
Competitive Landscape
Patrick Industries competes with a mix of large, publicly traded companies and privately held entities. Its strength lies in its diversified product offering to OEMs and its acquisition-driven growth strategy, which allows it to quickly expand its market presence and capabilities. Competitors may focus on specific niches within the RV, manufactured housing, or marine sectors. Patrick's advantage is its broad reach and integrated supply chain.
Major Acquisitions
Primex Plastics Corporation
- Year: 2022
- Acquisition Price (USD millions): 517.3
- Strategic Rationale: Acquired to expand Patrick's capabilities in extruded plastics, serving diverse markets including RV, manufactured housing, and industrial applications, enhancing its vertical integration and product offering.
Lexington Manufacturing
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to strengthen Patrick's position in the manufactured housing and RV markets by adding expertise in structural wood components and interior finishing.
VFP Inc.
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to expand Patrick's presence in the marine industry by adding capabilities in fiberglass and composite components.
Growth Trajectory and Initiatives
Historical Growth: Patrick Industries has achieved significant historical growth primarily through a consistent strategy of acquiring complementary businesses. Organic growth has also contributed, driven by increased production from its OEM customers and expansion of its product offerings within existing markets.
Future Projections: Future growth is anticipated to be driven by continued strategic acquisitions, expansion within existing customer bases, and potential diversification into new product lines or markets. Analyst estimates typically project continued revenue and earnings growth, contingent on the health of the RV, manufactured housing, and marine industries.
Recent Initiatives: Recent initiatives likely include ongoing integration of acquired businesses, optimization of manufacturing processes, and efforts to expand its market share through both organic means and further M&A activity. The company continuously evaluates strategic opportunities to enhance its product portfolio and geographic reach.
Summary
Patrick Industries Inc. is a robust player in the component manufacturing sector, excelling through strategic acquisitions and strong OEM relationships. Its diversified portfolio across RV, manufactured housing, and marine markets provides resilience. While market cyclicality and raw material costs are key considerations, the company's integration strategy and market position suggest continued growth potential. It needs to closely monitor economic indicators and maintain efficient operations.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Patrick Industries Inc. Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial news and data providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Industry reports
Disclaimers:
This JSON output is generated based on publicly available information and analytical interpretations. It is not financial advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Market share data and acquisition prices are estimates or based on reported figures which may be subject to revision. Competitor market share is illustrative and may not reflect precise current figures.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Patrick Industries Inc
Exchange NASDAQ | Headquaters Elkhart, IN, United States | ||
IPO Launch date 1978-01-13 | CEO & Chairman of the Board Mr. Andy L. Nemeth | ||
Sector Consumer Cyclical | Industry Furnishings, Fixtures & Appliances | Full time employees 10000 | Website https://ir.patrickind.com |
Full time employees 10000 | Website https://ir.patrickind.com | ||
Patrick Industries, Inc. manufactures and distributes component products and materials for the recreational vehicle, marine, powersports, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; RV paintings; 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 system components, 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 products, 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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.