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.

Revenue
−0.04%
EPS
−38.6%
Free cash flow
+437.9%
Total debt
+3.94%

Quarter to September 2026, against a year earlier

83.09 1.59 −1.88%
Market cap
$2.7B
P/E
20.1×
Fwd P/E
18.8×
Dividend yield
2.26%
F-score
7/9
Altman Z
3.35
Beneish M
−2.76
Dividend safety
70/100

Patrick Industries, Inc. (PATK) Gross margin

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Patrick Industries, Inc.'s gross margin over the twelve months to 30 September 2026 was 23.3%, up 0.2 percentage points from fiscal 2025 (23.1%). Over the past ten years it has ranged from 16.6% (fiscal 2015) to 23.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Recreational Vehicles industry median of 20.9% and below the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 23.1% 0.61
FY2024 22.5% (0.06)
FY2023 22.6% 0.85
FY2022 21.7% 2.06
FY2021 19.7% 1.19
FY2020 18.5% 0.37
FY2019 18.1% (0.29)
FY2018 18.4% 1.33
FY2017 17.1% 0.48
FY2016 16.6% 0.02

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 23.6% (0.20)
Jun 2026 23.8% 1.02
Mar 2026 22.8% (0.26)
Dec 2025 23.0% 0.36
43 more quarters

Against its own ten years

Low 16.6% High 23.1%
Ten-year median 18.5%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
LCII LCI Industries compare 26.2%
BC Brunswick Corporation compare 26.2%
HOG Harley-Davidson, Inc. compare 24.0%
PATK Patrick Industries, Inc. 23.3%
MCFT MASTERCRAFT BOAT HOLDINGS, INC. compare 22.9%
PII Polaris Inc. compare 21.3%
DOO BRP Inc. compare 20.6%
WGO Winnebago Industries, Inc. compare 13.0%
THO Thor Industries, Inc. compare 12.6%
Recreational Vehicles industry median 20.9%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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