MARKETS / NASDAQ / PATK

NASDAQ · MOTOR VEHICLE PARTS & ACCESSORIES · LARGE CAP

Patrick Industries Inc. PATK

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$4.0B

▲ 6.3% YoY

Net income

$135.1M

▼ 2.4% YoY

Free cash flow

$246.5M

▼ 1.9% YoY

In brief

What this company does

Patrick Industries, Inc. provides component solutions for the recreational vehicle, marine, powersports, manufactured housing, and various industrial markets, including single and multi-family housing, hospitality, institutional, and commercial markets. As of December 31, 2025, it operated through a nationwide network of approximately 191 manufacturing plants and 50 warehouse and distribution facilities located in 25 states, with a small presence in Mexico, China, and Canada. As of December 31, 2025, its team members totaled approximately 10,000, of which 80% were hourly team members and 20% were salaried employees. In 2025, its net sales by end market consisted of 45% RV, 15% marine, 10% powersports, 17% MH, and 13% industrial. It operates within two reportable segments, Manufacturing and Distribution, which accounted for 74% and 26%, respectively, of its consolidated net sales for the year ended December 31, 2025. The Company was incorporated in 1959 in Indiana.

Written from the business description in PATRICK INDUSTRIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

USD 4.0B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 4.0 · Net income 0.1

Compound annual growth

Revenue

−6.8%

+9.7%

+15.7%

+19.3%

Net income

−25.6%

+6.8%

+12.3%

+36.8%

Returned to shareholders

−7.4%

+13.6%

+14.4%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +9.7% a year over five years — but profit grew slower: net income at +6.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

3 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 7.0% · Net 3.4%

ROE

FY2025 · ROE 11.7%

Gross margin23.1%

Operating margin7.0%

Net margin3.4%

Return on assets4.4%

EBITDAUSD 446.2M

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders

USD 87.2M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 246.5

Net buybacks $M Dividends $M

FY2025 · Dividends 55.3 · Net buybacks 32.0

Dividends paidUSD 55.3M

Net buybacksUSD 32.0M

Share of profit64.6%

Consecutive raises—

USD 55.3M in dividends and USD 32.0M in buybacks — 65% of the year's profit went back to shareholders.

Total assetsUSD 3.1B

EquityUSD 1.2B

CashUSD 26.4M

Gross debtUSD 1.3B

Net debtUSD 1.3B

Current ratio2.51×

Net debt stands at 107% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	4.0	3.7	3.5	4.9	4.1	2.5	2.3	2.3	1.6	1.2	0.9	0.7	0.6	0.4	0.3	0.3	0.2
Operating income $B	0.3	0.3	0.3	0.5	0.4	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0
EBITDA $B	0.4	0.4	0.4	0.6	0.5	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0
Income tax $B	0.0	0.0	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	−0.0	−0.0
Net income $B	0.1	0.1	0.1	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	−0.0
Free cash flow $B	0.2	0.3	0.3	0.3	0.2	0.1	0.2	0.2	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0
EPS, diluted $	3.90	4.11	4.33	8.99	9.63	4.20	3.85	4.93	3.48	2.43	1.81	1.91	1.49	2.64	0.83	0.12	−0.49
Dividend / sh $	·	·	1.90	1.44	1.17	1.03	0.25	0.00	0.00	·	·	·	·	·	·	·	·
Payout %	41	36	29	10	12	24	6	0	·	·	·	·	·	·	·	·	·
ROE %	11.7	12.7	14.3	38.1	33.9	18.4	19.8	30.7	30.8	35.4	36.5	33.1	33.5	62.3	36.1	6.8	·
Shares out B	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.03	0.02	0.02	0.02	0.01	0.01	·	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityMotor Vehicle Parts & Accessories

Listed onNASDAQ

Incorporated inIndiana

Fiscal year endsDecember 31

Data on record since2009