PATK on Nasdaq

PATRICK INDUSTRIES INC

American motor vehicle parts and accessories company based in Elkhart. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerPATK on Nasdaq2
  • IndustryMotor Vehicle Parts & Accessories2
  • HeadquartersElkhart, United States2
  • Incorporated inIN3
  • Business address107 West Franklin Street, Elkhart, In 465163
  • Filer categoryLarge accelerated filer3
  • Legal formFor-Profit Corporation2
  • LEI549300FZ5ZTCCJ3Z5W142
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O C T Corporation System, 46204 Indianapolis, United States2
  • Registered withBusiness Services Division (Secretary of State), 194321-0042

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Patrick is a leading component solutions provider for the recreational vehicle ("RV"), marine, powersports, manufactured housing ("MH") and various industrial markets – including single and multi-family housing, hospitality, institutional and commercial markets.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

23.1%Gross margin5
7.0%Operating margin5
3.4%Net margin5
6.3%Revenue growth, 20255
11.4%Return on equity5
1.08×Debt to equity5
$246.5MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Recreational Vehicle brought in 45% of the revenue PATRICK INDUSTRIES INC broke down this way in fiscal 2025.

  1. Recreational Vehicle$1.8B545%up 9% from 2024
  2. Manufactured Housing$681.5M517%down 0% from 2024
  3. Marine$606.4M515%up 6% from 2024
  4. Industrial$502.7M513%up 4% from 2024
  5. Powersports$384.1M510%up 9% from 2024
Products and services by year
Products and services202320242025
Recreational Vehicle$1.5B$1.6B$1.8B
Manufactured Housing$568.2M$682.1M$681.5M
Marine$782.6M$570.7M$606.4M
Industrial$492.0M$485.4M$502.7M
Powersports$122.0M$352.2M$384.1M

Business segments

Manufacturing brought in 74% of the revenue PATRICK INDUSTRIES INC broke down this way in fiscal 2025.

  1. Manufacturing$3.0B574%up 7% from 2024
  2. Distribution$1.0B526%up 3% from 2024
Business segments by year
Business segments202320242025
Manufacturing$2.7B$2.8B$3.0B
Distribution$889.4M$980.1M$1.0B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue77¢$3.0B
  • Selling, general and admin9¢$361.6M
  • Other costs9¢$374.2M
  • Income tax1¢$42.0M
  • Profit3¢$135.1M

Out of $4.0B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending25¢$82.9M
  • Dividends paid17¢$55.3M
  • Share buybacks10¢$32.0M
  • Kept or used elsewhere48¢$159.2M

Out of $329.4M of cash from operations.5

Financial statements

Revenue67895$4.0B in 2025+69% since 2019
0$2.0B$4.0B$6.0B2019: $2.3B$2.3B20192020: $2.5B$2.5B2020+6%2021: $4.1B$4.1B2021+64%2022: $4.9B$4.9B2022+20%2023: $3.5B$3.5B2023−29%2024: $3.7B$3.7B2024+7%2025: $4.0B$4.0B2025+6%
Gross profit67895$912.9M in 2025+116% since 2019
0$500.0M$1.0B$1.5B2019: $422.9M$422.9M20192020: $459.0M$459.0M2020+9%2021: $801.2M$801.2M2021+75%2022: $1.1B$1.1B2022+32%2023: $782.2M$782.2M2023−26%2024: $835.9M$835.9M2024+7%2025: $912.9M$912.9M2025+9%
Operating income67895$276.0M in 2025+79% since 2019
0$200.0M$400.0M$600.0M2019: $154.4M$154.4M20192020: $173.4M$173.4M2020+12%2021: $351.7M$351.7M2021+103%2022: $496.2M$496.2M2022+41%2023: $260.2M$260.2M2023−48%2024: $258.0M$258.0M2024−1%2025: $276.0M$276.0M2025+7%
Net income67895$135.1M in 2025+51% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $89.6M$89.6M20192020: $97.1M$97.1M2020+8%2021: $224.9M$224.9M2021+132%2022: $328.2M$328.2M2022+46%2023: $142.9M$142.9M2023−56%2024: $138.4M$138.4M2024−3%2025: $135.1M$135.1M2025−2%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Net sales$4.0B$3.7B$3.5B
Cost of goods sold$3.0B$2.9B$2.7B
Gross profit$912.9M$835.9M$782.2M
Warehouse and delivery$178.0M$155.8M$143.9M
Selling, general and administrative$361.6M$325.8M$299.4M
Amortization of intangible assets$97.3M$96.3M$78.7M
Total operating expenses$636.9M$577.9M$522.0M
Operating Income$276.0M$258.0M$260.2M
Interest expense, net$74.5M$79.5M$68.9M
Other expenses$24.4M$0$0
Income before income taxes$177.1M$178.6M$191.3M
Income taxes$42.0M$40.2M$48.4M
Net income$135.1M$138.4M$142.9M
Basic earnings per common share (in dollars per share)$4.16$4.25$4.43
Diluted earnings per common share (in dollars per share)$3.90$4.11$4.33
Weighted average shares outstanding - Basic (in shares)32.5M shares32.6M shares32.3M shares
Weighted average shares outstanding - Diluted (in shares)34.6M shares33.7M shares33.0M shares

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Leadership

Who has led PATRICK INDUSTRIES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Paul E. Hassler2006–2008
  2. Todd M. Cleveland2009–2019
  3. Andy L. Nemeth2020–now

Chair

  1. Todd M. Cleveland2019–2022

President

  1. Paul E. Hassler2006–2008
  2. Todd M. Cleveland2008–2015
  3. Andy L. Nemeth2016–2021
  4. Jeff Rodino2022–2024
  5. Kip B. Ellis2024
  6. Richard N. Reyenger2024–2025
  7. Jacob R. Petkovich2025–2026
  8. Charles R. Roeder2026–now

Chief financial officer

  1. Andy L. Nemeth2011–2015
  2. Joshua A. Boone2016–2020
  3. Jacob R. Petkovich2020–2023
  4. Matthew S. Filer2023–2024
  5. Andrew C. Roeder2024–now

Chief operating officer

  1. Todd M. Cleveland2008
  2. Jeff Rodino2013–2016
  3. Kip B. Ellis2016–2024
  4. Hugo E. Gonzalez2024–now
2010201520202025
Board members and other officers (30)

Timeline

  1. Jan 27, 2020New chief executive Andy L. Nemeth becomes CEO13
  2. Apr 21, 2009New chief executive Todd M. Cleveland becomes CEO14
  3. Jan 4, 2006New chief executive Paul E. Hassler becomes CEO15
  4. Jan 3, 1961Founded PATRICK INDUSTRIES INC is founded2

Filings

459 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 94 major events, 256 insider forms, 28 large holders, 61 other. The latest 20:

  1. Oct 15, 2026S-4/A EDGAR
  2. Oct 13, 2026425 EDGAR
  3. Oct 13, 20268-K EDGAR
  4. Oct 8, 2026SCHEDULE 13G EDGAR
  5. Sep 29, 2026425 EDGAR
  6. Sep 23, 2026S-4 EDGAR
  7. Sep 10, 2026425 EDGAR
  8. Sep 10, 20268-K EDGAR
  9. Aug 13, 2026SCHEDULE 13G/A EDGAR
  10. Aug 10, 2026425 EDGAR
  11. Aug 10, 20268-K EDGAR
  12. Aug 6, 2026SCHEDULE 13G/A EDGAR
  13. Aug 6, 202610-Q EDGAR
  14. Aug 3, 2026425 EDGAR
  15. Jul 30, 20268-K EDGAR
  16. Jun 30, 2026425 EDGAR
  17. Jun 30, 2026425 EDGAR
  18. Jun 30, 2026425 EDGAR
  19. Jun 30, 2026425 EDGAR
  20. Jun 30, 20268-K EDGAR

The 459 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

92 open-market trades by officers, directors and large owners since October 2021: 21 buys and 71 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 10, 2026WELCH M SCOTTDirectorBuy100$83.85$8.4KForm 4
May 19, 2026WELCH M SCOTTDirectorBuy100$89.44$8.9KForm 4
May 6, 2026Petkovich Jacob RPresident - MarineBuy1,300$95.57$124.2KForm 4
May 5, 2026Roeder Charles RPresident - RVBuy5,750$87.83$505.0KForm 4
May 5, 2026Filer Matthew SBuy1,000$85.50$85.5KForm 4
May 5, 2026Augsburger BlakeDirectorBuy400$85.19$34.1KForm 4
May 5, 2026NEMETH ANDY LChief Executive OfficerBuy10,000$88.00$880.0KForm 4
May 5, 2026WELCH M SCOTTDirectorBuy10,050$88.23$886.7KForm 4
Mar 12, 2026Gonzalez Hugo EPres Powersports & Housing/COOSale13,514$113.10$1.5MForm 4
Mar 12, 2026WELCH M SCOTTDirectorBuy10,000$113.68$1.1MForm 4
Mar 6, 2026WELCH M SCOTTDirectorBuy50$116.40$5.8KForm 4
Feb 27, 2026WELCH M SCOTTDirectorBuy60$122.75$7.4KForm 4
Feb 17, 2026Duthie Joel DChief Legal Officer/SecretarySale2,660$141.03$375.1KForm 4
Feb 12, 2026Amundson Stacey LEVP & CHROSale3,903$145.61$568.3KForm 4
Feb 6, 2026Filer Matthew SBuy1,000$139.92$139.9KForm 4
Feb 6, 2026Forbes John ADirectorSale2,704$140.75$380.6KForm 4
Dec 16, 2025NEMETH ANDY LChief Executive OfficerSale25,000$115.00$2.9MForm 4
Aug 19, 2025Kitson Michael ADirectorSale4,572$112.67$515.1KForm 4
Aug 13, 2025Rodino JeffPresidentSale22,389$110.32$2.5MForm 4
Aug 13, 2025Ellis Kip BPresident-Powersports/ HousingSale21,452$110.01$2.4MForm 4

All 92 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,003,334$449.2M0.0%+238,798
Fmr LLC4,312,882$387.2M0.0%+731,555
Wellington Management Group Llp1,623,974$145.8M0.0%−130,522
Dimensional Fund Advisors LP1,493,427$134.1M0.0%+42,213
Vanguard Capital Management LLC1,427,875$128.2M0.0%−4,678
Capital Research Global Investors1,401,767$125.9M0.0%+41,237
Capital World Investors1,319,956$118.5M0.0%+35,555
State Street Corp1,285,188$115.4M0.0%+34,611
Geode Capital Management, LLC863,601$77.5M0.0%+46,704
Vanguard Portfolio Management LLC829,389$74.5M0.0%+54,993
Bank of New York Mellon Corp725,530$65.1M0.0%+81,238
Copeland Capital Management, LLC647,753$58.2M1.2%+84,246
Jpmorgan Chase & Co584,285$54.6M0.0%+382,035
Silvercrest Asset Management Group LLC582,841$52.3M0.3%−63,668
Invesco Ltd.558,064$50.1M0.0%−381,761
Massachusetts Financial Services Co /ma/541,840$48.6M0.0%+140,733
Charles Schwab Investment Management Inc511,853$46.0M0.0%+649
Ameriprise Financial Inc503,844$45.2M0.0%+331,057
Goldman Sachs Group Inc470,159$42.2M0.0%+79,090
Nomura Asset Management International Inc.452,038$40.6M0.1%−20,761
Franklin Resources Inc440,325$39.5M0.0%−180,933
Loomis Sayles & Co L P420,255$37.7M0.0%−29,969
Northern Trust Corp417,459$37.5M0.0%+18,973
Morgan Stanley367,939$33.0M0.0%−28,032
Bank Of America Corp /de/341,345$30.6M0.0%−9,894

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

7 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 3, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−58.0%Report
Jun 11, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−53.2%Report
Apr 9, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+57.1%Report
Jan 20, 2022Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+17.8%Report
Jul 17, 2020Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−79.1%Report
Mar 19, 2019Donna Shalala, HouseSale$1,001 - $15,000+46.2%Report
Feb 6, 2019Donna Shalala, HouseBuy$1,001 - $15,000−27.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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