PATK
Consumer CyclicalPatrick Industries, Inc. · Furnishings, Fixtures & Appliances · $3B
What is Patrick Industries, Inc.?
Patrick Industries manufactures and distributes building products and components for the recreational vehicle, marine, manufactured housing, and industrial markets. Headquartered in Elkhart, Indiana, the company serves customers across the United States, Canada, and China.
The company operates through two segments: Manufacturing and Distribution. The Manufacturing segment produces a wide range of interior and exterior components — from cabinetry and countertops to wiring harnesses and fiberglass fixtures. The Distribution segment supplies pre-finished panels, appliances, audio systems, and marine accessories to dealers and builders. Revenue is closely tied to demand cycles in the RV and marine industries.
Patrick Industries was founded in 1980 and is headquartered in Elkhart, Indiana.
- Furniture, cabinetry, and countertop fabrication for RVs and manufactured homes
- Fiberglass bath fixtures, thermoformed shower surrounds, and specialty bath products
- Wiring harnesses, amplifiers, tower speakers, and marine audio systems
- Boat covers, helm systems, aluminum fuel tanks, and marine hardware
Is PATK a Good Stock to Buy?
UQS Score rates PATK as Below Average overall.
Among the five pillars, Valuation stands out as the relative bright spot, suggesting the market may not be pricing in a premium for PATK at current levels. Quality registers as Neutral, meaning the business shows neither standout financial discipline nor alarming deterioration.
Moat, Growth, and Risk all carry Weak ratings — pointing to limited competitive differentiation, subdued growth prospects, and meaningful exposure to cyclical demand swings in the RV and marine sectors.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does PATK pay dividends?
Yes — Patrick Industries, Inc. pays a dividend.
Patrick Industries pays a regular dividend, which is relatively uncommon among mid-cap manufacturers in cyclical end markets. The dividend reflects management's willingness to return capital to shareholders even through demand cycles. Investors focused on income should weigh the payout against the company's Weak Risk pillar before relying on dividend continuity.
When does PATK report earnings?
Patrick Industries reports earnings on a quarterly cadence, typical for US-listed equities.
Results tend to track closely with RV shipment volumes and marine market activity, making quarterly swings meaningful. Periods of industry destocking or softening consumer demand can weigh noticeably on reported figures. The Weak Growth pillar suggests recent trends have not been a consistent tailwind.
For the most recent quarter's results, visit Patrick Industries' investor relations page directly.
PATK Price History
+99.2% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Patrick Industries, Inc.?
Based on Patrick Industries, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
PATK Long-term Outlook
The combination of Weak Growth and Weak Risk pillars points to a cautious fundamental outlook. Recovery in RV and marine demand would be a key catalyst, but cyclical exposure means the path is uneven. The relatively Good Valuation rating suggests downside may be partially reflected in the current price, though structural moat concerns remain.
Growth drivers
- A rebound in recreational vehicle and marine industry shipment volumes
- Expansion of the Distribution segment into new product categories or geographies
- Manufactured housing demand supported by ongoing affordable housing trends
Key risks
- High sensitivity to consumer discretionary spending and interest rate levels
- Limited pricing power given a Weak Moat rating in a fragmented components market
- Debt levels and balance sheet flexibility in a prolonged industry downturn
PATK vs Peers
Patrick Industries competes broadly within the building products and components supply chain alongside companies serving overlapping end markets.
Whirlpool focuses on large home appliances with global brand recognition, giving it broader consumer reach than PATK's component-focused model.
Alliance Laundry specializes in commercial laundry equipment, operating in a more recurring-demand niche compared to PATK's cyclical RV and marine exposure.
Richelieu distributes specialty hardware and complementary products to manufacturers and retailers, competing with PATK's distribution segment in certain building product categories.
Frequently Asked Questions
What does Patrick Industries do?
Patrick Industries manufactures and distributes components and building products for the recreational vehicle, marine, manufactured housing, and industrial markets. Its products range from cabinetry and countertops to wiring harnesses, fiberglass fixtures, and marine audio systems. The company serves customers across the US, Canada, and China.
Does PATK pay dividends?
Yes, Patrick Industries pays a regular dividend. This is notable for a mid-cap manufacturer in cyclical end markets. Income-focused investors should review the company's Risk pillar profile, which is rated Weak, before factoring the dividend into their expectations.
When does PATK report earnings?
Patrick Industries follows a standard quarterly earnings cadence. Results are heavily influenced by RV and marine industry shipment trends. For the exact schedule and most recent results, check the investor relations section of the Patrick Industries website.
Is PATK a good stock to buy?
UQS Score rates PATK as Below Average, with Weak ratings across Moat, Growth, and Risk. Valuation is the relative strength. Whether that profile fits your portfolio depends on your risk tolerance and view on a cyclical recovery — the full pillar breakdown is available to Pro members.
Is PATK overvalued?
The UQS Valuation pillar for PATK is rated Good, suggesting the stock is not trading at a significant premium relative to its fundamentals. However, a favorable valuation rating does not offset the Weak ratings in Moat and Growth when assessing overall quality.
How does PATK compare to its competitors?
PATK operates in a fragmented components and distribution space alongside companies like Whirlpool, Alliance Laundry, and Richelieu Hardware. Each competitor serves different end markets or product niches. The UQS platform provides side-by-side pillar comparisons for Pro members.
What is PATK's market cap bracket?
Patrick Industries is classified as a mid-cap company. This places it in a segment of the market that can offer growth potential but may carry more volatility than large-cap peers, particularly given its exposure to cyclical consumer spending in RV and marine markets.
Who founded Patrick Industries?
Patrick Industries was founded in 1980. The company has grown significantly over the decades through organic expansion and acquisitions, becoming a major supplier to the RV and marine industries. Detailed founding history is publicly available through the company's official communications.
Is PATK a long-term quality indicator?
As a long-term quality indicator, PATK's Below Average UQS Score reflects meaningful concerns — particularly the Weak Moat rating, which suggests limited durable competitive advantages. Long-term investors typically look for stronger moat and growth profiles. The full analysis is available to Pro members.
What sector does PATK belong to?
Patrick Industries is classified in the Consumer Cyclical sector. This means its business performance is closely tied to consumer confidence and discretionary spending, particularly demand for recreational vehicles and boats — categories that tend to contract during economic downturns.
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Pro Analysis
PATK — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 48.3 | 45.4 | 26.0 | 34.2 | 71.8 | 85.8 | -0.2 |
| May 19, 2026 | 48.5 | 45.7 | 26.0 | 34.2 | 71.8 | 86.4 | +0.2 |
| May 18, 2026 | 48.3 | 45.4 | 26.0 | 34.2 | 71.8 | 85.9 | +6.8 |
| May 7, 2026 | 41.5 | 44.8 | 26.0 | 34.7 | 30.8 | 81.4 | -0.3 |
| May 4, 2026 | 41.8 | 44.8 | 26.0 | 34.7 | 30.8 | 83.4 | -0.4 |
| May 3, 2026 | 42.2 | 44.8 | 26.0 | 36.3 | 30.8 | 84.3 | +0.3 |
| May 2, 2026 | 41.9 | 44.8 | 26.0 | 36.3 | 30.8 | 81.9 | 0.0 |
| Apr 26, 2026 | 41.9 | 44.8 | 26.0 | 36.4 | 30.8 | 82.2 | +0.4 |
| Apr 21, 2026 | 41.5 | 44.8 | 26.0 | 36.4 | 30.8 | 79.7 | -0.1 |
| Apr 19, 2026 | 41.6 | 44.8 | 26.0 | 36.7 | 30.8 | 79.8 | +0.2 |
PATK — Pillar Breakdown
Quality
— 45.4/100 (25%)Patrick Industries, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 34.2/100 (20%)Patrick Industries, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 71.8/100 (15%)Patrick Industries, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 86.1/100 (15%)Patrick Industries, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 26/100 (25%)Patrick Industries, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for PATK.
Score Composition
Financial Data
More Stock Analysis
How is the PATK UQS Score Calculated?
The UQS (Unified Quality Score) for Patrick Industries, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Patrick Industries, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Patrick Industries, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.