Saturday 17 October 2026 Export PATK’s income statement to Excel — free account

Patrick Industries, Inc.

PATK Consumer Cyclical Recreational Vehicles

Patrick Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 6.33% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 36.0%, free cash flow fell 49.4% and total debt rose 11.5%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

68.04 0.09 −0.13%

Follow PATK

Alert me

Market cap: $2.2B
P/E: 14.9×
Fwd P/E: 17.4×
Dividend yield: 2.76%
F-score: 7/9
Altman Z: 3.35
Beneish M: −2.76
Dividend safety: 70/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 3.82

Total sells 5.73

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	2	2	—	7	1	—	—	—	—
Sell	—	1	—	3	1	—	—	—	—	—	—	—

Insider Ownership 3.71%

Capital & Financial Ratios $m

Market Cap 2,190.00

Revenue 3,938.68

Net Income 147.28

Free Cash Flow 130.39

Net Debt 1,389.59

Current Ratio 2.67

Debt/Equity 1.25

P/E ratio 14.92

Fwd P/E 17.40

P/S ratio 0.55

P/B ratio 1.92

Past 5Y EPS Growth 6.85%

This Y EPS Growth (5.74%)

Next Y EPS Growth 22.66%

Next Y revenue growth (1.87%)

Next 5Y EPS Growth 14.98%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 44.71%

10-year low 10-year high

P/S against its own 10 years 36.97%

10-year low 10-year high

P/B against its own 10 years 19.39%

10-year low 10-year high

EV/Sales against its own 10 years 44.16%

10-year low 10-year high

EV/FCF against its own 10 years 97.64%

10-year low 10-year high

Dividends

Payout Ratio 0.45

Annual Dividend Rate 1.88

Annual Dividend Yield 2.76%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.87	0.47 0.47 0.47
2025	1.67	0.40 0.40 0.40 0.47
2024	1.50	0.37 0.37 0.37 0.40
2023	1.27	0.30 0.30 0.30 0.37
2022	0.96	0.22 0.22 0.22 0.30
2021	0.78	0.19 0.19 0.19 0.22
2020	0.69	0.17 0.17 0.17 0.19
2019	0.17	0.17
2018	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	11	34	26	29
Receivables	164	178	185	277
Inventory	510	552	595	653
Other	—	—	—	—
	735	823	873	1,022

	2023	2024	2025	Q'26
Payables	141	188	192	224
ST’ Debt	8	6	6	6
Other	—	—	0	0
	308	354	348	383

Compound Annual Growth %

	10y	5y	3y
Sales	15.68%	9.70%	(6.81%)
Cash Flow	17.29%	15.52%	(7.17%)
Earnings	12.33%	6.83%	(25.62%)
Book Value	24.86%	16.18%	7.43%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	997	1,042	—	—	—
’25	1,003	1,048	976	924	3,951
’24	933	1,017	919	846	3,716
’23	900	921	866	781	3,468
’22	1,342	1,476	1,112	952	4,882
’21	850	1,020	1,060	1,147	4,078
’20	589	424	701	773	2,487

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(14)	83	—	—	—
’25	40	149	9	131	329
’24	35	137	52	103	327
’23	(1)	179	115	115	409
’22	(23)	97	156	182	412
’21	50	28	69	105	252
’20	13	26	73	47	160

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(32)	66	—	—	—
’25	22	131	(17)	113	245
’24	20	123	34	77	226
’23	(21)	164	105	104	348
’22	(35)	72	137	166	339
’21	36	16	51	84	188
’20	6	23	63	38	128

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.10	1.28	—	—	—
’25	1.11	0.96	1.01	0.83	3.90
’24	1.06	1.44	1.20	0.42	4.11
’23	0.90	1.29	1.21	0.94	4.33
’22	3.03	3.19	1.62	1.12	8.99
’21	1.36	1.68	1.63	1.75	6.42
’20	0.61	0.02	1.08	1.09	2.80

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	13.01	26.71	18.21	19.19	11.13	44.38	27.83	39.63	60.67	72.99	Analyst estimates 2026–2028 Powerpack
	High	35.18	46.93	48.23	37.25	48.56	65.89	55.46	68.33	98.90	116.78
People
People	Employees	4,497	6,721	8,113	7,500	8,700	11,000	11,000	10,000	10,000	10,000
	Revenue/emp, $m	0.27	0.24	0.28	0.31	0.29	0.37	0.44	0.35	0.37	0.40
Income, $m
Income, $m	Revenue	1,222	1,636	2,263	2,337	2,487	4,078	4,882	3,468	3,716	3,951
	Gross margin, %	16.57	17.05	18.38	18.09	18.46	19.65	21.71	22.56	22.50	23.11
	EBT	84	113	152	118	130	294	435	191	179	177
	EBT margin, %	6.85	6.92	6.72	5.04	5.24	7.20	8.92	5.51	4.81	4.48
	Net income	56	86	120	90	97	225	328	143	138	135
	Depreciation	24	34	61	70	80	113	135	148	170	173
Per share, $
Per share, $	Revenue	36.18	45.01	62.88	67.58	72.94	119.36	147.00	107.44	114.09	121.61
	Earnings	1.64	2.36	3.33	2.59	2.85	6.58	9.88	4.43	4.25	4.16
	Cash flow	2.88	2.75	5.56	5.56	4.70	7.38	12.40	12.66	10.04	10.14
	Capex	(0.45)	(0.59)	(0.78)	(0.67)	(0.94)	(1.89)	(2.19)	(1.88)	(3.10)	(2.61)
	Free cash flow	2.43	2.16	4.78	4.89	3.76	5.49	10.21	10.78	6.93	7.53
	Book value	5.49	10.20	11.36	14.38	16.41	22.47	28.76	32.39	34.65	36.45
	Shares, m	34	36	36	35	34	34	33	32	33	32
Valuation, ×
Valuation, ×	P/E	21.39	19.77	5.92	13.51	15.97	8.17	4.13	15.01	19.55	26.06
	P/S	0.95	1.04	0.31	0.52	0.62	0.45	0.28	0.62	0.73	0.89
	P/B	6.27	4.58	1.74	2.43	2.78	2.39	1.41	2.05	2.40	2.97
	EV/Sales	1.17	1.25	0.59	0.75	0.94	0.74	0.53	0.91	1.07	1.21
	EV/FCF	17.42	26.04	7.76	10.31	18.14	16.01	7.69	9.32	18.41	22.70
Cash, $m
Cash, $m	Operating cash flow	97	100	200	192	160	252	412	409	327	329
	Capex	(15)	(21)	(28)	(23)	(32)	(65)	(73)	(61)	(101)	(85)
	Free cash flow	82	79	172	169	128	188	339	348	226	245
Balance, $m
Balance, $m	Working capital	87	138	227	330	301	541	543	426	469	525
	Total debt	273	354	631	675	818	1,286	1,284	1,026	1,318	1,289
	Net debt	266	351	624	536	774	1,164	1,261	1,014	1,284	1,263
	Shareholders’ equity	185	371	409	497	559	768	955	1,045	1,128	1,184
Returns, %
Returns, %	ROA	12.13	12.23	11.42	6.63	6.02	10.21	12.08	5.35	4.96	4.43
	ROIC	12.57	10.56	10.80	9.34	8.13	11.38	13.99	7.90	6.68	7.05
	ROE	35.39	30.83	30.75	19.77	18.37	33.90	38.10	14.29	12.73	11.68

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BC Brunswick Corporation	$4.3B	— (loss-making)	21.9×	+7.66% (above 0%: growing)	+88.76% (above 0%: growing)	+0.80% (above 0%: growing)	28.10%	8.31%	Compare
DOO BRP Inc.	$4.0B	48.0×	—	+16.59% (above 0%: growing)	n/m	+116.16% (above 0%: growing)	11.74%	(2.24%)	Compare
THO Thor Industries, Inc.	$3.6B	20.1×	15.7×	−8.41% (below 0%: shrinking)	−66.96% (below 0%: shrinking)	−26.73% (below 0%: shrinking)	12.36%	2.19%	Compare
PII Polaris Inc.	$3.0B	— (loss-making)	70.0×	+9.18% (above 0%: growing)	n/m	−33.49% (below 0%: shrinking)	23.65%	7.36%	Compare
HOG Harley-Davidson, Inc.	$2.9B	15.9×	65.6×	−5.86% (below 0%: shrinking)	−14.61% (below 0%: shrinking)	−53.23% (below 0%: shrinking)	31.74%	6.18%	Compare
PATK Patrick Industries, Inc.	$2.2B	14.9×	17.4×	−0.56% (below 0%: shrinking)	+36.00% (above 0%: growing)	−49.38% (below 0%: shrinking)	23.77%	7.40%
LCII LCI Industries	$2.0B	9.7×	10.6×	−12.52% (below 0%: shrinking)	+20.52% (above 0%: growing)	+88.04% (above 0%: growing)	31.09%	9.91%	Compare
WGO Winnebago Industries, Inc.	$697.1M	17.6×	16.1×	−9.86% (below 0%: shrinking)	−19.05% (below 0%: shrinking)	+155.68% (above 0%: growing)	13.58%	3.29%	Compare
MCFT MASTERCRAFT BOAT HOLDINGS, INC.	$462.9M	— (loss-making)	12.7×	+63.41% (above 0%: growing)	n/m	−18.29% (below 0%: shrinking)	22.56%	(4.86%)	Compare
Median of peers	$3.0B	17.6×	16.1×	+0.90%	−14.61%	−8.74%	23.10%	4.74%

All 16 Recreational Vehicles stocks →

Patrick Industries, Inc. (PATK) key facts

Concern: Net income was $135.1 million, or $4.16 per share (basic), a net margin of 3.42%.
Strength: Patrick Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 6.33% from fiscal 2024.
Patrick Industries, Inc. (PATK) is a Recreational Vehicles company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, PATK traded at $68.04, a market capitalization of $2.2 billion.
At that price the stock trades at 14.9× trailing-twelve-month earnings and 0.6× sales; its P/E is higher than 45% of its own readings over the past ten years.
Patrick Industries, Inc. pays an annual dividend of $1.88 per share, a yield of 2.76%, with a payout ratio of 44.6%.
Return on equity was 11.7% and debt-to-equity 1.25.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.35 (safe zone) for fiscal 2025.