Harley-Davidson, Inc. (HOG) vs Patrick Industries, Inc. (PATK)

Harley-Davidson, Inc. and Patrick Industries, Inc. are both Recreational Vehicles companies. Harley-Davidson, Inc. is the larger, with a market value of $2.7B against $2.2B — 1.2× the size. Patrick Industries, Inc. trades at the lower P/E: 15.0× against 15.1×. Patrick Industries, Inc. grew revenue faster over the last twelve months: 3.20% against −5.25%. Harley-Davidson, Inc. has the higher net margin (4.78% vs 3.74%) and the lower return on invested capital (3.85% vs 6.58%). Both pay a dividend; Harley-Davidson, Inc. yields more (2.13% vs 1.75%). Across the 22 metrics below, Patrick Industries, Inc. leads on 13 and Harley-Davidson, Inc. on 9.

Valuation

Metric HOG PATK Recreational Vehicles median
P/E 15.15 15.02 17.55
P/S 0.63 0.55 0.53
P/B 0.86 1.93 0.91
Price to free cash flow n/m 23.77 10.77
EV/EBITDA 7.25 8.13 9.09
EV/Sales 0.71 0.91 0.63
Earnings yield 6.60% 6.66% 0.15%
Free cash flow yield (4.97%) 4.21% 6.30%

Profitability

Metric HOG PATK Recreational Vehicles median
Gross margin 26.89% 23.06% 22.03%
Operating margin 5.03% 6.74% 0.17%
Net margin 4.78% 3.74% (0.15%)
Free cash flow margin (3.14%) 3.31% 4.02%
Return on equity 6.31% 12.95% 0.16%
Return on assets 2.10% 4.68% 0.10%
Return on invested capital 3.85% 6.58% 0.16%

Growth

Metric HOG PATK Recreational Vehicles median
Revenue growth (TTM) (5.25%) 3.20% 4.05%
EPS growth (last fiscal year) (19.19%) (5.11%) —
Revenue growth, 5-year CAGR 1.99% 9.70% 4.29%
Net income growth, 5-year CAGR 204.31% 6.83% 0.00%

Health

Metric HOG PATK Recreational Vehicles median
Debt to equity 0.72 1.25 0.48
Current ratio 1.90 2.67 1.81
Net debt to EBITDA (0.20) 2.81 0.53

Dividend

Metric HOG PATK Recreational Vehicles median
Dividend yield 2.13% 1.75% 1.87%
Payout ratio 0.12 0.23 0.05

Size

Metric HOG PATK Recreational Vehicles median
Market cap 2.66b 2.18b 628.11m

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