Latest Ratios: P/E Ratio 19.3x · EV/EBITDA 10.0x · ROE 11.7%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.6B | $3.8B | $2.8B | $1.5B | $982M | $1.3B | $1.1B | $814M | $480M | $1.1B | $776M |
| Enterprise Value | $4.2B | $5.4B | $4.3B | $2.7B | $2.4B | $2.6B | $1.9B | $1.4B | $1.1B | $1.5B | $1.0B |
| P/E Ratio → | 19.34 | 27.80 | 20.21 | 10.29 | 2.99 | 5.59 | 10.85 | 9.08 | 4.00 | 13.30 | 13.95 |
| P/S Ratio | 0.66 | 0.95 | 0.75 | 0.42 | 0.20 | 0.31 | 0.42 | 0.35 | 0.21 | 0.70 | 0.64 |
| P/B Ratio | 2.30 | 3.17 | 2.48 | 1.41 | 1.03 | 1.64 | 1.88 | 1.64 | 1.17 | 3.08 | 4.19 |
| P/FCF | 12.75 | 15.52 | 11.15 | 4.21 | 2.96 | 6.71 | 8.22 | 4.94 | 2.90 | 14.74 | 9.50 |
| P/OCF | 7.87 | 11.40 | 8.57 | 3.61 | 2.38 | 4.98 | 6.57 | 4.23 | 2.40 | 11.42 | 7.99 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.36 | 1.15 | 0.77 | 0.49 | 0.63 | 0.78 | 0.62 | 0.49 | 0.91 | 0.85 |
| EV / EBITDA | 10.01 | 12.04 | 10.10 | 6.59 | 3.84 | 5.65 | 7.89 | 6.67 | 4.73 | 9.60 | 9.05 |
| EV / EBIT | 15.24 | 21.35 | 16.62 | 10.26 | 4.86 | 7.34 | 11.22 | 9.39 | 6.19 | 12.24 | 11.48 |
| EV / FCF | — | 22.20 | 17.08 | 7.63 | 7.27 | 13.77 | 15.19 | 8.80 | 6.67 | 19.28 | 12.75 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.1% | 23.1% | 22.5% | 22.6% | 21.7% | 19.6% | 18.5% | 18.1% | 18.4% | 17.1% | 16.6% |
| Operating Margin | 7.0% | 7.0% | 6.9% | 7.5% | 10.2% | 8.6% | 7.0% | 6.6% | 7.9% | 7.5% | 7.4% |
| Net Profit Margin | 3.4% | 3.4% | 3.7% | 4.1% | 6.7% | 5.5% | 3.9% | 3.8% | 5.3% | 5.2% | 4.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.7% | 11.7% | 12.7% | 14.3% | 38.1% | 33.9% | 18.4% | 19.8% | 30.7% | 30.8% | 35.4% |
| ROA | 4.4% | 4.4% | 4.9% | 5.2% | 12.1% | 10.2% | 6.0% | 6.6% | 11.4% | 12.2% | 12.1% |
| ROIC | 7.6% | 7.6% | 8.0% | 8.4% | 16.6% | 14.9% | 10.1% | 10.7% | 15.3% | 15.6% | 17.4% |
| ROCE | 10.2% | 10.2% | 10.3% | 10.9% | 21.4% | 18.8% | 12.3% | 13.1% | 19.8% | 20.7% | 23.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.39 | 1.39 | 1.35 | 1.15 | 1.52 | 1.89 | 1.68 | 1.56 | 1.54 | 0.95 | 1.47 |
| Debt / EBITDA | 3.68 | 3.68 | 3.59 | 2.98 | 2.31 | 3.17 | 3.80 | 3.57 | 2.70 | 2.28 | 2.37 |
| Net Debt / Equity | — | 1.36 | 1.32 | 1.14 | 1.49 | 1.73 | 1.60 | 1.28 | 1.53 | 0.95 | 1.44 |
| Net Debt / EBITDA | 3.62 | 3.62 | 3.51 | 2.95 | 2.28 | 2.90 | 3.62 | 2.93 | 2.67 | 2.26 | 2.31 |
| Debt / FCF | — | 6.68 | 5.93 | 3.42 | 4.31 | 7.07 | 6.97 | 3.86 | 3.77 | 4.54 | 3.26 |
| Interest Coverage | 3.38 | 3.38 | 3.25 | 3.77 | 8.17 | 6.08 | 4.03 | 4.22 | 6.75 | 13.87 | 12.64 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.51 | 2.51 | 2.33 | 2.38 | 2.48 | 2.25 | 2.32 | 2.76 | 2.44 | 2.01 | 2.01 |
| Quick Ratio | 0.80 | 0.80 | 0.77 | 0.73 | 0.66 | 0.83 | 0.95 | 1.41 | 0.71 | 0.72 | 0.61 |
| Cash Ratio | 0.08 | 0.08 | 0.09 | 0.04 | 0.06 | 0.28 | 0.20 | 0.75 | 0.04 | 0.02 | 0.07 |
| Asset Turnover | — | 1.28 | 1.23 | 1.30 | 1.75 | 1.54 | 1.42 | 1.59 | 1.84 | 1.89 | 2.28 |
| Inventory Turnover | 5.10 | 5.10 | 5.22 | 5.26 | 5.72 | 5.33 | 6.48 | 7.54 | 6.77 | 7.74 | 8.49 |
| Days Sales Outstanding | — | 17.13 | 18.48 | 18.22 | 13.85 | 16.21 | 20.41 | 13.67 | 14.94 | 17.36 | 11.49 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.0% | 1.5% | 1.8% | 2.9% | 3.3% | 2.2% | 2.2% | 0.7% | — | — | — |
| Payout Ratio | 40.9% | 40.9% | 36.3% | 29.5% | 10.0% | 12.0% | 24.3% | 6.5% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.2% | 3.6% | 4.9% | 9.7% | 33.4% | 17.9% | 9.2% | 11.0% | 25.0% | 7.5% | 7.2% |
| FCF Yield | 7.8% | 6.4% | 9.0% | 23.7% | 33.8% | 14.9% | 12.2% | 20.2% | 34.5% | 6.8% | 10.5% |
| Buyback Yield | 1.2% | 0.9% | 0.2% | 1.3% | 7.9% | 3.9% | 2.2% | 0.5% | 22.4% | 0.0% | 0.7% |
| Total Shareholder Yield | 3.3% | 2.3% | 2.0% | 4.1% | 11.2% | 6.0% | 4.4% | 1.2% | 22.4% | 0.0% | 0.7% |
| Shares Outstanding | — | $35M | $34M | $22M | $24M | $23M | $23M | $23M | $24M | $25M | $23M |
Includes 30+ ratios · 30 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying PATK stock.
Patrick Industries, Inc.'s current P/E ratio is 19.3x. The historical average is 12.2x. This places it at the 83th percentile of its historical range.
Patrick Industries, Inc.'s current EV/EBITDA is 10.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.8x.
Patrick Industries, Inc.'s return on equity (ROE) is 11.7%. The historical average is 10.4%.
Based on historical data, Patrick Industries, Inc. is trading at a P/E of 19.3x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Patrick Industries, Inc.'s current dividend yield is 2.03% with a payout ratio of 40.9%.
Patrick Industries, Inc. has 23.1% gross margin and 7.0% operating margin.
Patrick Industries, Inc.'s Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Leverage swings with goodwill exposure
Metrics are mathematically derived from official filings.
Discount to Peers Reflects Cyclical Earnings
Based on PATK's reported figures, the trailing P/E of 20.20 and EV/EBITDA of 9.43 sit above LCII's 12.92 and 8.45 respectively, yet below UFPI's 15.98 P/E is not the case, so the premium is best read as a bet on margin recovery rather than current earnings power.
PATK trades at a 20.2x trailing P/E against LCII at 12.9x and UFPI at 16.0x, implying the market is capitalizing a recovery in earnings from a depressed base rather than paying for demonstrated growth. The forward P/E of 19.5x offers little compression, which suggests analysts are not forecasting a sharp earnings rebound. Investors should monitor whether the premium narrows as quarterly net margins, which fell to 2.2% in 2026Q3, stabilize.
Gross Margin Holds While Operating Margin Swings
As reported in financial statements, PATK's gross margin held between 22.1% and 23.9% across ten quarters, while operating margin ranged from 4.7% to 8.3%, indicating that cost leverage below gross profit drives earnings volatility.
The stability of gross margin near 23% points to reasonable pricing discipline, but the operating margin's wider range shows that SG&A absorbs a large share of gross profit swings. The latest 5.1% operating margin sits near the low end of the observed range, which may indicate negative operating leverage as volumes soften. Earnings quality therefore depends more on overhead control than on product pricing, warranting further investigation of the SG&A trajectory.
Returns Fluctuate Without Clear Compounding
Based on PATK's reported figures, ROIC oscillated between 1.1% and 2.8% over ten quarters, with the latest reading of 1.8% well below UFPI's 11.4% and LCII's 9.1%, suggesting limited capital efficiency.
ROIC at these levels indicates that the company has not been compounding returns on its invested capital, and the gap to peers is substantial enough to question whether goodwill-heavy acquisitions have diluted returns. ROE similarly ranged from 1.3% to 4.4%, which appears more reflective of a thin net margin than of asset productivity. Management's ability to lift returns likely depends on margin recovery rather than on asset turnover improvements, which remain roughly flat.
Debt Service Comfort Varies Sharply by Quarter
According to recent SEC filings, PATK's debt-to-equity swung from 0.21 to 1.43 and interest coverage from 1.99x to 18.54x, showing that leverage metrics are dominated by timing of working capital borrowings rather than a steady capital structure.
The wide range in interest coverage makes single-quarter readings unreliable as indicators of debt service capacity, and the latest 2.65x coverage sits at the weaker end of the range. The jump in total debt within a single quarter in 2026Q3 suggests reliance on revolving facilities for seasonal needs. Investors should monitor refinancing terms and whether coverage stabilizes above current levels as working capital normalizes.
Goodwill May Mask Equity Weakness
Based on the supplied data, the most commonly misapplied metric here is book value multiples, since PATK's P/B of 2.30 is inflated by a goodwill step-up that rose from about $758M to roughly $1.5B in 2026.
Applying P/B to a company whose asset base has been reshaped by acquisition goodwill can overstate tangible asset value and make the stock look more expensive or cheaper than its operating economics justify. Tangible book value or EV/EBITDA adjusted for goodwill amortization offers a cleaner read. If cyclical RV and marine demand weakens further, impairment risk could materially reduce reported equity, which investors should weigh against the headline P/B.