Patrick Industries (PATK)
Market Price (12/4/2025): $106.86 | Market Cap: $3.5 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Patrick Industries (PATK)
Market Price (12/4/2025): $106.86Market Cap: $3.5 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 5.5% | Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.23 | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.3% |
| Low stock price volatilityVol 12M is 33% | ||
| Megatrend and thematic driversMegatrends include Outdoor & Recreational Economy, and Future of Housing. Themes include RV & Marine Components, and Modular & Prefabricated Housing. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 5.5% |
| Low stock price volatilityVol 12M is 33% |
| Megatrend and thematic driversMegatrends include Outdoor & Recreational Economy, and Future of Housing. Themes include RV & Marine Components, and Modular & Prefabricated Housing. |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.23 |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.3% |
Valuation, Metrics & Events
PATK Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are the key points explaining why Patrick Industries (PATK) stock moved by -2.7% during the approximate time period from August 31, 2025, to December 4, 2025:
1. Continued Softness in the Marine Market: The recreational boating industry experienced ongoing retail softness and a notable decline in wholesale shipments throughout 2025. This was primarily driven by high financing costs and general consumer caution, directly impacting Patrick Industries, a significant supplier to this market.
2. Decline in Operating Income and Margin in Q3 2025: While Patrick Industries' third-quarter 2025 earnings reported revenue and earnings per share that exceeded analyst expectations, the company's operating income decreased, and its operating margin declined to 6.8% from 8.1% in the prior year. This reduction was attributed to temporary factors like model-year changeovers, which may have led to investor concerns about profitability despite top-line growth.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PATK Return | 33% | 20% | -23% | 70% | 26% | 33% | 249% |
| Peers Return | 123% | 3% | -23% | -9% | -44% | -4% | -13% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| PATK Win Rate | 67% | 67% | 50% | 58% | 58% | 60% | |
| Peers Win Rate | 63% | 47% | 35% | 43% | 30% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| PATK Max Drawdown | -63% | -0% | -46% | 0% | -6% | -10% | |
| Peers Max Drawdown | -58% | -11% | -45% | -25% | -51% | -39% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: VC, CVGI, PRTS, APTV, MGA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | PATK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -55.8% | -25.4% |
| % Gain to Breakeven | 126.3% | 34.1% |
| Time to Breakeven | 425 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -69.3% | -33.9% |
| % Gain to Breakeven | 225.5% | 51.3% |
| Time to Breakeven | 117 days | 148 days |
| 2018 Correction | ||
| % Loss | -61.0% | -19.8% |
| % Gain to Breakeven | 156.6% | 24.7% |
| Time to Breakeven | 722 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -98.6% | -56.8% |
| % Gain to Breakeven | 7088.0% | 131.3% |
| Time to Breakeven | 1292 days | 1480 days |
Compare to VC, CVGI, PRTS, APTV, MGA
In The Past
Patrick Industries's stock fell -55.8% during the 2022 Inflation Shock from a high on 5/7/2021. A -55.8% loss requires a 126.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
Trade Ideas
Select past ideas related to PATK. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 6.8% | 6.8% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.5% | 0.5% | 0.0% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -2.6% | -2.6% | -2.6% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.7% | 3.7% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.3% | 1.3% | -1.6% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 6.8% | 6.8% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.5% | 0.5% | 0.0% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -2.6% | -2.6% | -2.6% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.7% | 3.7% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.3% | 1.3% | -1.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Patrick Industries
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 63.80 |
| Mkt Cap | 3.1 |
| Rev LTM | 3,816 |
| Op Inc LTM | 300 |
| FCF LTM | 275 |
| FCF 3Y Avg | 274 |
| CFO LTM | 398 |
| CFO 3Y Avg | 378 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -3.0% |
| Rev Chg 3Y Avg | 0.4% |
| Rev Chg Q | 2.4% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Mgn LTM | 5.7% |
| Op Mgn 3Y Avg | 5.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 8.1% |
| CFO/Rev 3Y Avg | 8.8% |
| FCF/Rev LTM | 4.8% |
| FCF/Rev 3Y Avg | 4.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.1 |
| P/S | 0.6 |
| P/EBIT | 8.0 |
| P/E | 11.8 |
| P/CFO | 5.2 |
| Total Yield | 5.3% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 7.2% |
| D/E | 0.5 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.5% |
| 3M Rtn | -2.4% |
| 6M Rtn | 23.1% |
| 12M Rtn | 10.6% |
| 3Y Rtn | -28.3% |
| 1M Excs Rtn | -1.5% |
| 3M Excs Rtn | -9.1% |
| 6M Excs Rtn | 8.4% |
| 12M Excs Rtn | -1.4% |
| 3Y Excs Rtn | -98.8% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11062025 | 10-Q 9/28/2025 |
| 6302025 | 8072025 | 10-Q 6/29/2025 |
| 3312025 | 5082025 | 10-Q 3/30/2025 |
| 12312024 | 2202025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/29/2024 |
| 6302024 | 8082024 | 10-Q 6/30/2024 |
| 3312024 | 5092024 | 10-Q 3/31/2024 |
| 12312023 | 2292024 | 10-K 12/31/2023 |
| 9302023 | 11092023 | 10-Q 10/1/2023 |
| 6302023 | 8102023 | 10-Q 7/2/2023 |
| 3312023 | 5112023 | 10-Q 4/2/2023 |
| 12312022 | 2242023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/25/2022 |
| 6302022 | 8042022 | 10-Q 6/26/2022 |
| 3312022 | 5052022 | 10-Q 3/27/2022 |
| 12312021 | 2252022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |