Brunswick Corporation (BC) vs Patrick Industries, Inc. (PATK)

Brunswick Corporation and Patrick Industries, Inc. are both Recreational Vehicles companies. Brunswick Corporation is the larger, with a market value of $4.3B against $2.2B — 2.0× the size. Brunswick Corporation has negative trailing earnings, so its P/E is not meaningful; Patrick Industries, Inc. trades at 15.0×. Brunswick Corporation grew revenue faster over the last twelve months: 10.5% against 3.20%. Patrick Industries, Inc. has the higher net margin (3.74% vs −1.53%) and the higher return on invested capital (6.58% vs −0.37%). Both pay a dividend; Brunswick Corporation yields more (1.98% vs 1.75%). Across the 22 metrics below, Patrick Industries, Inc. leads on 15 and Brunswick Corporation on 7.

Valuation

Metric BC PATK Recreational Vehicles median
P/E n/m 15.02 17.55
P/S 0.78 0.55 0.53
P/B 2.62 1.93 0.91
Price to free cash flow 12.34 23.77 10.77
EV/EBITDA 22.35 8.13 9.09
EV/Sales 1.10 0.91 0.63
Earnings yield (1.93%) 6.66% 0.15%
Free cash flow yield 8.11% 4.21% 6.30%

Profitability

Metric BC PATK Recreational Vehicles median
Gross margin 25.58% 23.06% 22.03%
Operating margin (0.37%) 6.74% 0.17%
Net margin (1.53%) 3.74% (0.15%)
Free cash flow margin 6.33% 3.31% 4.02%
Return on equity (4.80%) 12.95% 0.16%
Return on assets (1.52%) 4.68% 0.10%
Return on invested capital (0.37%) 6.58% 0.16%

Growth

Metric BC PATK Recreational Vehicles median
Revenue growth (TTM) 10.46% 3.20% 4.05%
EPS growth (last fiscal year) (207.77%) (5.11%) —
Revenue growth, 5-year CAGR 4.29% 9.70% 4.29%
Net income growth, 5-year CAGR 0.00% 6.83% 0.00%

Health

Metric BC PATK Recreational Vehicles median
Debt to equity 1.25 1.25 0.48
Current ratio 1.45 2.67 1.81
Net debt to EBITDA 7.25 2.81 0.53

Dividend

Metric BC PATK Recreational Vehicles median
Dividend yield 1.98% 1.75% 1.87%
Payout ratio 0.20 0.23 0.05

Size

Metric BC PATK Recreational Vehicles median
Market cap 4.29b 2.18b 628.11m

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