PATRICK INDUSTRIES INC
PATK · Motor Vehicle Parts & Accessories · 32.9M shares · +9%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$621K (gross $19M, SBC $19M)
Reference price $83.85 · est. market cap ~$2.8B — last insider purchase, 2026-06-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C68Above-median but unremarkable cyclical components supplier with elevated leverage and customer concentration.
Strengths
- Solid FCF ($246M, 77.3th pct) and current ratio 77.8th; revenue grew 6% with RV/marine/powersports gains
- ROE 11.4% and gross margin (62.5th) modestly above sector median
Risks
- Net margin only 3.4% and returns cluster mid-pack; high leverage (D/E 1.08, 78.9th pct) and low cash
- Two RV customers are 28% of sales; deeply cyclical RV/marine/MH end markets tied to discretionary demand and financing
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~28% of revenue from one customer/distributor — Two customers in the RV market accounted for a combined 28% of our consolidated net sales in 2025
- Insider buyingInsider buying — 13 open-market buy(s) by 6 insider(s) (cluster of 6 insiders, ~$4M, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 4 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$3M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
23.1%
Operating margin
7.0%
Net margin
3.4%
Return on equity
11.4%
Return on assets
4.4%
ROIC
8.8%
Revenue growth (QoQ)
7.9%
Net-income growth
-2.4%
Debt / equity
1.1×
Net debt / EBITDA
2.8×
Current ratio
2.5×
Free cash flow
$246M
EBITDA
$446M
Tangible book value
-$398M
Cash & investments
$26M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | WELCH M SCOTT | Buy | 100 | $83.85 |
| 2026-05-28 | Rodino Jeffrey M | Gift | 500 | — |
| 2026-05-19 | WELCH M SCOTT | Buy | 100 | $89.44 |
| 2026-05-14 | Cleveland Todd M | Grant | 1.6K | — |
| 2026-05-14 | Suggs Denis G | Grant | 1.6K | — |
| 2026-05-14 | Augsburger Blake | Grant | 1.6K | — |
| 2026-05-14 | WELCH M SCOTT | Grant | 1.6K | — |
| 2026-05-14 | Kitson Michael A | Grant | 1.6K | — |
| 2026-05-14 | Forbes John A | Grant | 1.6K | — |
| 2026-05-14 | Cerulli Joseph M | Grant | 1.6K | — |
| 2026-05-14 | Brown Natalie A | Grant | 1.6K | — |
| 2026-05-06 | Petkovich Jacob R | Buy | 1.3K | $95.57 |
| 2026-05-05 | WELCH M SCOTT | Buy | 50 | $88.41 |
| 2026-05-05 | WELCH M SCOTT | Buy | 10K | $88.22 |
| 2026-05-05 | Augsburger Blake | Buy | 400 | $85.19 |
| 2026-05-05 | Filer Matthew S | Buy | 1.0K | $85.50 |
| 2026-05-05 | Roeder Charles R | Buy | 5.8K | $87.83 |
| 2026-05-05 | NEMETH ANDY L | Buy | 10K | $88.00 |
| 2026-03-12 | Gonzalez Hugo E | Sell | 14K | $113.10 |
| 2026-03-12 | WELCH M SCOTT | Buy | 10K | $113.68 |
| 2026-03-06 | WELCH M SCOTT | Buy | 50 | $116.40 |
| 2026-02-27 | WELCH M SCOTT | Buy | 60 | $122.75 |
| 2026-02-17 | Duthie Joel D | Sell | 2.7K | $141.03 |
| 2026-02-12 | Amundson Stacey L | Sell | 3.9K | $145.61 |
| 2026-02-06 | Forbes John A | Sell | 2.7K | $140.75 |
| 2026-02-06 | Filer Matthew S | Buy | 1.0K | $139.91 |
| 2026-01-27 | NEMETH ANDY L | Other | 38K | — |
| 2026-01-27 | NEMETH ANDY L | Tax withheld | 17K | $129.93 |
| 2026-01-27 | NEMETH ANDY L | Grant | 7.7K | — |
| 2026-01-27 | NEMETH ANDY L | Grant | 31K | — |
| 2026-01-27 | Petkovich Jacob R | Grant | 1.5K | — |
| 2026-01-27 | Roeder Charles R | Other | 810 | — |
| 2026-01-27 | Roeder Charles R | Tax withheld | 1.0K | $129.93 |
| 2026-01-27 | Roeder Charles R | Grant | 1.7K | — |
| 2026-01-27 | Roeder Charles R | Grant | 6.8K | — |
| 2026-01-27 | Gonzalez Hugo E | Other | 1.4K | — |
| 2026-01-27 | Gonzalez Hugo E | Tax withheld | 1.9K | $129.93 |
| 2026-01-27 | Gonzalez Hugo E | Grant | 1.8K | — |
| 2026-01-27 | Gonzalez Hugo E | Grant | 7.4K | — |
| 2026-01-27 | Filer Matthew S | Other | 945 | — |
| 2026-01-27 | Filer Matthew S | Tax withheld | 889 | $129.93 |
| 2026-01-27 | Filer Matthew S | Grant | 1.4K | — |
| 2026-01-27 | Filer Matthew S | Grant | 5.5K | — |
| 2026-01-27 | Duthie Joel D | Other | 6.4K | — |
| 2026-01-27 | Duthie Joel D | Tax withheld | 2.6K | $129.93 |
| 2026-01-27 | Duthie Joel D | Grant | 1.2K | — |
| 2026-01-27 | Duthie Joel D | Grant | 4.9K | — |
| 2026-01-27 | Petkovich Jacob R | Grant | 5.8K | — |
| 2026-01-27 | Amundson Stacey L | Other | 3.8K | — |
| 2026-01-27 | Amundson Stacey L | Tax withheld | 1.2K | $129.93 |
| 2026-01-27 | Amundson Stacey L | Grant | 808 | — |
| 2026-01-27 | Amundson Stacey L | Grant | 3.2K | — |
| 2026-01-27 | Rodino Jeffrey M | Other | 16K | — |
| 2026-01-27 | Rodino Jeffrey M | Tax withheld | 7.4K | $129.93 |
| 2026-01-27 | Rodino Jeffrey M | Grant | 2.8K | — |
| 2026-01-27 | Rodino Jeffrey M | Grant | 11K | — |
| 2026-01-26 | Roeder Charles R | Tax withheld | 246 | $128.92 |
| 2026-01-26 | Gonzalez Hugo E | Tax withheld | 410 | $128.92 |
| 2026-01-26 | Filer Matthew S | Tax withheld | 287 | $128.92 |
| 2026-01-26 | Duthie Joel D | Tax withheld | 603 | $128.92 |
| 2026-01-26 | Amundson Stacey L | Tax withheld | 362 | $128.92 |
| 2026-01-26 | Rodino Jeffrey M | Tax withheld | 2.1K | $128.92 |
| 2026-01-26 | NEMETH ANDY L | Tax withheld | 5.4K | $128.92 |
| 2025-12-16 | NEMETH ANDY L | Sell | 25K | $115.00 |
| 2025-12-16 | NEMETH ANDY L | Gift | 2.0K | — |
| 2025-12-04 | Cerulli Joseph M | Gift | 2.0K | — |
| 2025-11-12 | Forbes John A | Gift | 615 | — |
| 2025-08-26 | Ellis Kip B | Gift | 650 | — |
| 2025-08-25 | NEMETH ANDY L | Gift | 2.0K | — |
| 2025-08-19 | Gonzalez Hugo E | Gift | 1.8K | — |
| 2025-08-19 | Kitson Michael A | Sell | 4.6K | $112.67 |
| 2025-08-15 | Duthie Joel D | Gift | 450 | — |
| 2025-08-13 | NEMETH ANDY L | Sell | 5.0K | $113.39 |
| 2025-08-13 | Rodino Jeff | Sell | 22K | $110.32 |
| 2025-08-13 | Ellis Kip B | Sell | 21K | $110.01 |
| 2025-08-13 | NEMETH ANDY L | Sell | 20K | $110.00 |
| 2025-06-13 | Forbes John A | Sell | 2.9K | $91.62 |
| 2025-06-12 | Forbes John A | Gift | 150 | — |
| 2025-06-09 | NEMETH ANDY L | Gift | 1.0K | — |
| 2025-06-03 | Cleveland Todd M | Buy | 1.0K | $82.75 |
| 2025-06-02 | Cleveland Todd M | Buy | 2.0K | $82.55 |
| 2025-06-02 | WELCH M SCOTT | Buy | 71 | $82.59 |
| 2025-05-29 | NEMETH ANDY L | Gift | 1.0K | — |
| 2025-05-28 | Cerulli Joseph M | Gift | 575 | — |
| 2025-05-19 | Cleveland Todd M | Buy | 5.0K | $87.49 |
| 2025-05-15 | Suggs Denis | Grant | 1.7K | — |
| 2025-05-15 | Cleveland Todd M | Grant | 1.7K | — |
| 2025-05-15 | Cleveland Todd M | Buy | 6.0K | $85.80 |
| 2025-05-15 | Rodino Jeff | Gift | 300 | — |
| 2025-05-15 | WELCH M SCOTT | Grant | 1.7K | — |
| 2025-05-15 | Forbes John A | Grant | 1.7K | — |
| 2025-05-15 | Cerulli Joseph M | Grant | 1.7K | — |
| 2025-05-15 | Kitson Michael A | Grant | 1.7K | — |
| 2025-05-06 | Ellis Kip B | Gift | 913 | — |
| 2025-03-18 | Reyenger Richard N | Tax withheld | 305 | $83.40 |
| 2025-03-18 | Reyenger Richard N | Grant | 1.2K | — |
| 2025-03-13 | WELCH M SCOTT | Buy | 2.5K | $84.62 |
| 2025-03-11 | WELCH M SCOTT | Other | 11K | — |
| 2025-03-11 | Neu Stacey L | Sell | 2.9K | $85.53 |
| 2025-03-11 | WELCH M SCOTT | Buy | 10K | $86.22 |
| 2025-03-05 | Roeder Andrew C | Tax withheld | 200 | $86.66 |
| 2025-03-05 | Roeder Andrew C | Tax withheld | 2.6K | $86.66 |
| 2025-02-11 | Mayes Derrick B | Sell | 1.8K | $93.27 |
| 2025-02-07 | Duthie Joel D | Sell | 7.3K | $95.17 |
| 2025-01-28 | Neu Stacey L | Other | 1.6K | — |
| 2025-01-28 | Roeder Andrew C | Grant | 6.2K | — |
| 2025-01-28 | Roeder Andrew C | Grant | 1.6K | — |
| 2025-01-28 | Reyenger Richard N | Grant | 5.0K | — |
| 2025-01-28 | Reyenger Richard N | Grant | 1.2K | — |
| 2025-01-28 | Filer Matthew S | Grant | 1.0K | — |
| 2025-01-28 | Roeder Charles R | Tax withheld | 672 | $96.01 |
| 2025-01-28 | Roeder Charles R | Grant | 7.5K | — |
| 2025-01-28 | Roeder Charles R | Grant | 1.9K | — |
| 2025-01-28 | Gonzalez Hugo E | Tax withheld | 2.0K | $96.01 |
| 2025-01-28 | Gonzalez Hugo E | Grant | 8.3K | — |
| 2025-01-28 | Gonzalez Hugo E | Grant | 2.1K | — |
| 2025-01-28 | Duthie Joel D | Other | 3.9K | — |
| 2025-01-28 | Duthie Joel D | Tax withheld | 2.9K | $96.01 |
| 2025-01-28 | Duthie Joel D | Grant | 5.6K | — |
| 2025-01-28 | Duthie Joel D | Grant | 1.4K | — |
| 2025-01-28 | Ellis Kip B | Other | 8.6K | — |
| 2025-01-28 | Ellis Kip B | Tax withheld | 7.3K | $96.01 |
| 2025-01-28 | Ellis Kip B | Grant | 12K | — |
| 2025-01-28 | Ellis Kip B | Grant | 2.9K | — |
| 2025-01-28 | Filer Matthew S | Grant | 4.0K | — |
| 2025-01-28 | Neu Stacey L | Tax withheld | 872 | $96.01 |
| 2025-01-28 | Neu Stacey L | Grant | 2.9K | — |
| 2025-01-28 | Neu Stacey L | Grant | 729 | — |
| 2025-01-28 | Rodino Jeff | Other | 9.9K | — |
| 2025-01-28 | Rodino Jeff | Tax withheld | 8.4K | $96.01 |
| 2025-01-28 | Rodino Jeff | Grant | 13K | — |
| 2025-01-28 | Rodino Jeff | Grant | 3.2K | — |
| 2025-01-28 | NEMETH ANDY L | Other | 23K | — |
| 2025-01-28 | NEMETH ANDY L | Tax withheld | 20K | $96.01 |
| 2025-01-28 | NEMETH ANDY L | Grant | 32K | — |
| 2025-01-28 | NEMETH ANDY L | Grant | 8.1K | — |
| 2025-01-27 | Roeder Charles R | Tax withheld | 165 | $97.50 |
| 2025-01-27 | Gonzalez Hugo E | Tax withheld | 390 | $97.50 |
| 2025-01-27 | Duthie Joel D | Tax withheld | 535 | $97.50 |
| 2025-01-27 | Ellis Kip B | Tax withheld | 1.8K | $97.50 |
| 2025-01-27 | Neu Stacey L | Tax withheld | 218 | $97.50 |
| 2025-01-27 | Rodino Jeff | Tax withheld | 2.1K | $97.50 |
| 2025-01-27 | NEMETH ANDY L | Tax withheld | 5.0K | $97.50 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (3)
- Forest River, Inc.
- Thor Industries, Inc.
- Winnebago Industries, Inc.
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-18 | Shareholder voteOtherExhibits | filing ↗ |
| 2026-05-07 | Reg FDExhibits | filing ↗ |
| 2026-04-30 | Reg FDExhibits | filing ↗ |
| 2026-04-22 | Reg FDExhibits | filing ↗ |
| 2026-02-05 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-05 | Exec/director changeExhibits | filing ↗ |
| 2025-12-15 | Exec/director changeExhibits | filing ↗ |
| 2025-11-20 | Other | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-18 | 2026-05-14 | 0000076605-26-000052 ↗ |
| 8-K | 2026-05-07 | 2026-05-04 | 0000076605-26-000048 ↗ |
| 10-Q | 2026-05-07 | 2026-03-29 | 0000076605-26-000050 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0000076605-26-000045 ↗ |
| 8-K | 2026-04-22 | 2026-04-17 | 0000076605-26-000043 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0000076605-26-000013 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0000076605-26-000007 ↗ |
| 8-K | 2026-01-05 | 2025-12-29 | 0000076605-26-000004 ↗ |
| 8-K | 2025-12-15 | 2025-12-12 | 0000076605-25-000228 ↗ |
| 8-K | 2025-11-20 | 2025-11-19 | 0000076605-25-000224 ↗ |
| 10-Q | 2025-11-06 | 2025-09-28 | 0000076605-25-000221 ↗ |
| 8-K | 2025-10-30 | 2025-10-30 | 0000076605-25-000216 ↗ |