Company Analysis

Patrick Industries, Inc. (PATK)

Nasdaq: PATK · Motor Vehicle Parts & Accessories · Elkhart, IN · filing with the SEC since 1994
Grade5.5
◀ Past 6.1● Present 5.4▶ Future 4.9

The grade of Patrick Industries, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.5/10
◀ Past6.130% of the headline
● Present5.440% of the headline
▶ Future4.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.1/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.3/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2019-06-07.

weight 33% of this tense · 53rd percentile among 36 sector filers · read for itself

From the record

Patrick Industries, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2019-06-07) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.8/10

What has it actually done, year after year?

+13.9% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 68th percentile among 34 sector filers · read for its customers

From the record

Patrick Industries, Inc.'s 10 filed years say what it did: revenue went from $1.2 billion in fiscal 2016 to $4.0 billion in fiscal 2025, up 13.9% a year; it rose in 8 of 9 years; the deepest fall was 29% from fiscal 2022 to fiscal 2023; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span13.9%top 22% of its family
  • the share of years revenue rosetop 13% of its family
  • the share of filed years with a profittop 22% of its family
  • the deepest fall from a revenue peak29.0%bottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.0/10

How has it treated the people who own it?

Share count shrank 1.9% a year. 19% of cash flow returned. Insiders: 5 sales, 13 purchases.

weight 22% of this tense · 60th percentile among 27 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Patrick Industries, Inc.'s diluted share count shrank about 1.9% a year, and dividends and buybacks returned about 19% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 5 sales and 13 purchases of their own stock on the open market in the year to 2026-09-30, buying about $4 million (their Form 4 filings).

What it rests on

  • the share count over the yearstop 30% of its family
  • cash returned against operating cash flowtop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.4/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.7/10

Is it financially healthy right now?

ROE 11%: 11¢ of profit per shareholder dollar. Leverage 62%: owes 62¢ per asset dollar.

weight 45% of this tense · 57th percentile among 35 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Patrick Industries, Inc. earned about 11 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 30 cents per dollar of everything the company owns. Leverage: it owed about 62 cents per dollar of assets, and net share issuance: its share count grew 2.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 47% of its family
  • return on equitytop 24% of its family
  • gross profit against assetstop 16% of its family
  • the share count against the year beforebottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.2/10

How strong is its position in its industry?

top 48% of 35 in its family; net margin 3.4%.

weight 33% of this tense · 52nd percentile among 35 sector filers · read for its customers

From the record

Patrick Industries, Inc.'s standing among 35 graded names in its industry family: revenue of $4.0 billion in fiscal 2025 ranks in the top 25% by size; a net margin of 3.4% ranks in the top 39%; revenue growth of -6.8% a year over the last 3 filed years ranks in the bottom 19% (its annual reports).

What it rests on

  • revenue against the family$3.95Btop 25% of its family
  • net margin3.4%top 39% of its family
  • three-year revenue growth-6.8%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.2/10

What are the people in charge doing?

top 48% of 27 in its family for leadership; chief executive since 2020.

weight 22% of this tense · 52nd percentile among 27 sector filers · read for its shareholders

From the record

Patrick Industries, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Nemeth, Andy L (Chief Executive Officer, as filed), filing under that title since 2020-01-27, 6.8 years (top 50% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 7.6 years (top 28%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (bottom 34%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 17 peoplebottom 34% of its family
  • the median years the people in charge have filed7.6 yearstop 28% of its family
  • the chief executive's years on the record6.8 yearstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.7/10

How much room does it have to grow?

bottom 46% of 35 in its family for room to expand.

weight 45% of this tense · 46th percentile among 35 sector filers · read for itself

From the record

Patrick Industries, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $26 million against debt of $1.3 billion leaves -40.8% of its assets as net cash, bottom 14% of its family; cash from operations less capital spending is 6.2% of revenue (top 39%); a gross margin of 23.1% (top 36%) (its annual report).

What it rests on

  • cash less debt against assets-40.8%bottom 14% of its family
  • cash from operations less capital spending against revenue6.2%top 39% of its family
  • gross margin23.1%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.0/10

What could actually drive growth from here?

bottom 50% of 34 in its family for growth drivers.

weight 33% of this tense · 50th percentile among 34 sector filers · read for its customers

From the record

Patrick Industries, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -6.8% a year over the last three filed years against 13.9% over all 10, slowing (bottom 16% of its family); the newest year grew 6.3% (top 31%); capital spending grew 1.3% a year (top 36%) (its annual reports). Patrick Industries, Inc. reported 2 lines of business in fiscal 2025: Manufacturing at $2.9 billion (75%), Distribution at $1.0 billion (26%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-20.7 points a yearbottom 16% of its family
  • the newest year's revenue growth6.3%top 31% of its family
  • three-year growth of capital spending1.3%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.4/10

Did its newest year beat what its own record pointed to?

top 46% of 33 in its family for expectations against reality.

weight 22% of this tense · 54th percentile among 33 sector filers · read for its shareholders

From the record

Patrick Industries, Inc.'s newest year against its own record: revenue of $4.0 billion in fiscal 2025 came in 21.9% above the $3.2 billion its prior three years' pace pointed to (top 14% of its family); net income of $135 million against a prior three-year average of $203 million (bottom 35%); a net margin of 3.4% against 4.9% before (bottom 41%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace21.9%top 14% of its family
  • net income against the prior three years' average-34%bottom 35% of its family
  • net margin against its prior average-1.4 pointsbottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PATK · research, not advice