PATKNasdaqMotor Vehicle Parts & AccessoriesFiscal year ends December 31
PATRICK INDUSTRIES INC
Financials through Q2 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 6, 2026
$66.39−1.65 (-2.43%)
Close on Oct 19, 2026
- Market cap
- $2.26B
- P/E (TTM)
- 15.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
23.1%+4.6 pts over 5 years
Operating margin
7.0%+0.0 pts over 5 years
Net margin
3.4%−0.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.3% | -6.8% | +9.7% | +15.7% | |
| Gross profit | +9.2% | -4.9% | +14.7% | +19.6% | |
| Operating income | +7.0% | -17.8% | +9.7% | +14.7% | |
| Net income | -2.4% | -25.6% | +6.8% | +12.3% | |
| EPS, diluted | -5.1% | -24.3% | +6.9% | +12.4% | |
| Free cash flow | -1.9% | -9.4% | +14.0% | +15.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 35.4% | 18.4% | 11.7% | |
| Return on assets | 12.1% | 6.0% | 4.4% | |
| Current ratio | 2.01 | 2.32 | 2.51 | |
| Debt to equity | 1.47 | 1.46 | 1.09 | |
| Net debt to EBITDA | 2.31× | 3.14× | 2.83× | |
| Inventory turnover | 9.7× | 7.2× | 5.3× | |
| Capex to revenue | 1.3% | 1.3% | 2.1% | |
| Diluted shares | 34M | 35M | 35M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Patrick Industries generated $1.73B from operations and spent $751.27M on capital expenditure, dividends and share buybacks. 48% of that went back into the business.
Generated
$1.73B
Used
$751.27M
Capital expenditure$362.28M48%Dividends$207.49M28%Share buybacks$181.50M24%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.4%
×Asset turnover1.30×
×Equity multiplier2.64×
=Return on equity, FY202511.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.4% | 1.30× | 2.64× | 11.7% |
| FY2024 | 3.7% | 1.33× | 2.57× | 12.7% |
| FY2023 | 4.1% | 1.30× | 2.67× | 14.3% |
| FY2022 | 6.7% | 1.80× | 3.15× | 38.1% |
| FY2021 | 5.5% | 1.85× | 3.32× | 33.9% |
| FY2020 | 3.9% | 1.54× | 3.05× | 18.4% |
| FY2019 | 3.8% | 1.73× | 2.98× | 19.8% |
| FY2018 | 5.3% | 2.16× | 2.69× | 30.7% |
| FY2017 | 5.2% | 2.33× | 2.52× | 30.8% |
| FY2016 | 4.5% | 2.67× | 2.92× | 35.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$135.06M
- Cash generatingOperating cash flow above zero$329.41M
- Return on assets improvedROA up on the prior year5.4% → 4.5%
- Earnings backed by cashOperating cash flow above net income$329.41M vs $135.06M
- Less leverageLong-term debt to assets fell43.4% → 41.7%
- Better liquidityCurrent ratio rose2.33 → 2.51
- No dilutionShare count did not rise34M → 35M
- Gross margin improvedGross margin up on the prior year22.50% → 23.11%
- More efficientAsset turnover rose1.45 → 1.31