PATRICK INDUSTRIES INC (PATK)
Consumer Discretionary · RV and marine component manufacturing and distribution · NASDAQ
A leading supplier of component solutions—from laminated surfaces to electrical systems to marine hardware—serving RV, marine, powersports, and manufactured housing OEMs across a nationwide manufacturing and distribution network.
What PATRICK INDUSTRIES INC does
Patrick Industries manufactures and distributes a comprehensive range of component solutions for recreational vehicles (RVs), marine vessels, powersports, and manufactured housing, as well as industrial and residential markets. The company operates through 191 manufacturing plants and 50 warehouse/distribution facilities across 25 states, with approximately 74% of sales from manufacturing and 26% from distribution. Its products span laminated surfaces, cabinetry, electrical/wiring systems, fiberglass components, furniture, flooring, lighting, and marine hardware, delivered through a nationwide strategic network to reduce delivery time and costs to regional customers.
Themes: ["RV component manufacturing","Marine products and components","Manufactured housing components","Powersports products","Laminated products and surfaces","Electrical and wiring systems","Interior furnishings and cabinetry"]
Fundamentals
- Price$83.67 as of 2026-07-09 close
- Market cap$2.7B as of 2026-07-10
- 1-year return-16.1% as of 2026-07-09 close
- P/E20.15 as of 2026-07-10
- Net margin+3.5% as of 2026-07-10
- Gross margin+23.1% as of 2026-07-10
- ROE+11.6% as of 2026-07-10
- Debt / equity1.17 as of 2026-07-10
- Revenue growth (YoY)+4.2% as of 2026-07-10
- Revenue CAGR (3y)-6.8% SEC XBRL
- Beta1.10 as of 2026-07-10
Dividend: yield +2.3%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Cyclical dependence on RV, marine, and manufactured housing demand, which are discretionary purchases sensitive to economic conditions and consumer confidence","Substantial debt obligations ($1.38 billion long-term debt as of Q1 2026) and interest expenses ($18.4 million in Q1 2026) that limit financial flexibility","Integration challenges and goodwill/intangible asset exposure ($839.7 million goodwill and $721.5 million intangibles as of Q1 2026) from recent acquisitions totaling ~$560 million over three years"]
Competitors & peers
- Winnebago Industries (WGO)
- LCI Industries
- MasterCraft Boat Holdings
- Installed Building Products
- Ultratech Industries
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.