Patrick Industries, Inc. (PATK) vs Thor Industries, Inc. (THO)

Patrick Industries, Inc. and Thor Industries, Inc. are both Recreational Vehicles companies. Thor Industries, Inc. is the larger, with a market value of $3.4B against $2.1B — 1.6× the size. Patrick Industries, Inc. trades at the lower P/E: 13.9× against 18.8×. Patrick Industries, Inc. grew revenue faster over the last twelve months: 3.20% against 0.30%. Patrick Industries, Inc. has the higher net margin (3.74% vs 1.85%) and the higher return on invested capital (6.58% vs 2.65%). Both pay a dividend; Thor Industries, Inc. yields more (3.26% vs 2.96%). Across the 23 metrics below, Patrick Industries, Inc. leads on 15 and Thor Industries, Inc. on 8.

Valuation

Metric PATK THO Recreational Vehicles median
P/E 13.92 18.79 16.59
P/S 0.51 0.35 0.46
P/B 1.79 0.79 0.89
Price to free cash flow 22.03 14.13 10.19
EV/EBITDA 7.77 7.98 8.43
EV/Sales 0.87 0.39 0.63
Earnings yield 7.19% 5.32% 0.16%
Free cash flow yield 4.54% 7.08% 6.91%

Profitability

Metric PATK THO Recreational Vehicles median
Gross margin 23.06% 12.62% 22.03%
Operating margin 6.74% 2.05% 0.17%
Net margin 3.74% 1.85% (0.15%)
Free cash flow margin 3.31% 2.46% 4.02%
Return on equity 12.95% 4.15% 0.16%
Return on assets 4.68% 2.53% 0.10%
Return on invested capital 6.58% 2.65% 0.16%

Growth

Metric PATK THO Recreational Vehicles median
Revenue growth (TTM) 3.20% 0.30% 4.05%
EPS growth (last fiscal year) (5.11%) (29.66%) (7.99%)
Revenue growth, 5-year CAGR 9.70% (4.85%) 4.29%
Net income growth, 5-year CAGR 6.83% (23.09%) 0.00%

Health

Metric PATK THO Recreational Vehicles median
Debt to equity 1.25 0.20 0.48
Current ratio 2.67 1.77 1.81
Net debt to EBITDA 2.81 0.83 0.53

Dividend

Metric PATK THO Recreational Vehicles median
Dividend yield 2.96% 3.26% 3.11%
Payout ratio 0.45 0.61 0.50

Size

Metric PATK THO Recreational Vehicles median
Market cap 2.09b 3.41b 585.72m

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