Patrick Industries (NASDAQ:PATK) Issues Earnings Results

Patrick Industries (NASDAQ:PATK) announced its quarterly earnings data on Thursday. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.10, FiscalAI reports. Patrick Industries had a return on equity of 13.28% and a net margin of 3.42%.The firm had revenue of $924.17 million during the quarter, compared to the consensus estimate of $858.62 million. During the same period in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis.

Here are the key takeaways from Patrick Industries’ conference call:

• Patrick reported strong results with Q4 net sales up 9% to $924M and full-year sales of ~ $4.0B, delivered $246M of free cash flow in 2025, raised the dividend 17.5%, and repurchased shares—supporting capital returns while reducing leverage to 2.6x.
• Management highlighted meaningful content-per-unit gains across RV, marine and powersports driven by product innovation and model-year changeovers and guided to a 70–90 bps improvement in adjusted operating margin for 2026 with expected operating cash flow of $380–$400M.
• Strategic M&A and aftermarket expansion remain priorities: the company added Medallion, QES, Egis, LilliPad and Elkhart Composites, increased aftermarket penetration to 10% of revenue, and now has 500+ Patrick SKUs on RecPro to drive long-term aftermarket growth.
• Near-term risks include macro and tariff-driven uncertainty, commodity and wood (Lauan) cost volatility, a strategic inventory build (>$30M added to support composites) that could pressure working capital, and potential EPS dilution from convertible notes and related warrants if stock prices remain elevated.

Patrick Industries Price Performance

Patrick Industries stock opened at $140.85 on Friday. The business’s 50-day simple moving average is $118.40 and its 200 day simple moving average is $109.51. The company has a quick ratio of 0.86, a current ratio of 2.51 and a debt-to-equity ratio of 1.08. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 36.02, a P/E/G ratio of 1.47 and a beta of 1.34. Patrick Industries has a 12-month low of $72.99 and a 12-month high of $144.40.

Patrick Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, February 23rd will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, February 23rd. Patrick Industries’s dividend payout ratio is 53.71%.

Analyst Ratings Changes

PATK has been the topic of several research analyst reports. Loop Capital assumed coverage on shares of Patrick Industries in a report on Friday, October 31st. They set a “hold” rating and a $99.00 price target on the stock. Benchmark reiterated a “buy” rating on shares of Patrick Industries in a research note on Friday. Weiss Ratings lowered shares of Patrick Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. BMO Capital Markets reiterated an “outperform” rating and issued a $155.00 target price on shares of Patrick Industries in a research note on Friday. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $155.00 price target (up previously from $135.00) on shares of Patrick Industries in a report on Friday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.88.

Insider Transactions at Patrick Industries

In other news, CEO Andy L. Nemeth sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $115.00, for a total value of $2,875,000.00. Following the transaction, the chief executive officer owned 301,641 shares of the company’s stock, valued at approximately $34,688,715. This trade represents a 7.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.40% of the company’s stock.

Institutional Trading of Patrick Industries

A number of hedge funds and other institutional investors have recently modified their holdings of PATK. HighTower Advisors LLC boosted its holdings in shares of Patrick Industries by 19.9% in the 4th quarter. HighTower Advisors LLC now owns 4,592 shares of the construction company’s stock valued at $498,000 after buying an additional 763 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Patrick Industries during the 3rd quarter worth $358,000. Coldstream Capital Management Inc. acquired a new stake in shares of Patrick Industries during the third quarter worth $215,000. Advisory Services Network LLC acquired a new stake in shares of Patrick Industries during the third quarter worth $25,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Patrick Industries by 2.2% in the third quarter. CANADA LIFE ASSURANCE Co now owns 27,772 shares of the construction company’s stock valued at $2,873,000 after acquiring an additional 599 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

Patrick Industries News Summary

Here are the key news stories impacting Patrick Industries this week:

• Positive Sentiment: Q4 results beat expectations — PATK posted $0.84 EPS vs. ~$0.74 consensus and revenue of $924.2M vs. ~$858.6M, with revenue up ~9% year-over-year; investors typically reward beats like this. Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results and Declares Quarterly Cash Dividend
• Positive Sentiment: Management expects 70–90 basis points of operating-margin improvement in 2026 and is expanding composite and aftermarket strategies — this guidance points to margin leverage and higher long-term profitability if execution holds. Patrick Industries outlines 70–90 bps operating margin improvement for 2026 while expanding composite and aftermarket strategies
• Positive Sentiment: Market commentary says recent stock surge has alleviated valuation doubts — momentum and positive sentiment from results/guidance are reinforcing investor confidence. Patrick Industries’ Surge Removes Doubts About Its Valuation
• Positive Sentiment: Quarterly dividend declared (next record/ex-div dates set) — a cash return and yield (~1.3% annualized) can support investor demand from income-focused holders. Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results and Declares Quarterly Cash Dividend
• Neutral Sentiment: Quarterly earnings snapshot and call highlights provide color on sales strength across end markets but no major change to long-term guidance beyond margin targets. Patrick Industries: Q4 Earnings Snapshot
• Neutral Sentiment: Media earnings summaries and call highlights emphasize strong sales growth but suggest investors should watch execution on composites and aftermarket rollouts. Patrick Industries Inc (PATK) Q4 2025 Earnings Call Highlights: Strong Sales Growth Amid Market …
• Neutral Sentiment: Analyst notes (Zacks et al.) compare key metrics to Street estimates and prior-year results — consensus still expects ~5.33 EPS for the year, but that depends on margin recovery. Patrick Industries (PATK) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
• Negative Sentiment: Valuation and balance-sheet metrics are risk factors — PATK trades at a high P/E (~40x) with leverage (debt/equity ~1.13) and modest net margin (~3.1%); if margin improvement stalls, valuation could come under pressure. Patrick Industries Earnings Report & Materials

Patrick Industries Company Profile

Patrick Industries, Inc is a leading manufacturer and distributor of component products and building materials for the recreational vehicle (RV), manufactured housing, marine and industrial markets. The company supplies a broad array of interior and exterior products, including cabinetry, countertops, flooring, wall panels and decorative trim. Patrick Industries also offers engineered composites, adhesives, sealants and insulation solutions that cater to both original equipment manufacturers (OEMs) and aftermarket customers across North America.

Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.