Revenue distribution by industries:

• Recreational vehicles: approx. 60%
• Residential construction: approx. 20%
• Marine: approx. 15%
• Commercial construction: approx. 5%

TOP 3 markets and their percentage shares:

• USA: approx. 80%
• Canada: approx. 10%
• Europe: approx. 5%

Patrick Industries, Inc. generates the majority of its revenues from the recreational vehicle industry, which is due to the strong demand for motorhomes and similar vehicles. The U.S. market dominates the revenues as this is where the company's main activities take place. Canada and Europe follow with significantly lower shares, indicating the geographical expansion and market diversification.

Production Sites: USA, Canada, China

Patrick Industries, Inc. mainly produces its products in the United States, where the majority of its production facilities are located. Additionally, the company also has production capacities in Canada and China to serve international markets and optimize the supply chain.

This geographical distribution enables Patrick Industries to efficiently supply both local and international customers and benefit from cost advantages in different regions.

Revenue Growth: Estimated 8-10% annually (2025) Market Share Expansion: Focus on acquisitions and organic growth

Patrick Industries, Inc. pursues a growth strategy that relies on both organic growth and strategic acquisitions. In recent years, the company has consistently acquired smaller businesses to expand its market presence and leverage synergies.

Another focus is on diversifying the product portfolio to reduce dependencies on specific market segments. This is supported by investments in research and development as well as the introduction of new products.

Additionally, Patrick Industries emphasizes optimizing the supply chain and increasing production efficiency to improve cost structure and increase margins. This strategy is intended to enable the company to grow profitably even in a highly competitive environment.

Main raw materials: Wood, Aluminum, Glass, Plastics

Countries of origin:

• Wood: Canada, Brazil
• Aluminum: China, Russia
• Glass: Germany, Italy
• Plastics: USA, China

Patrick Industries, Inc. imports a variety of raw materials needed for the production of their products in the recreational vehicle, marine, and manufactured housing industries. Wood is one of the most important raw materials and is mainly sourced from Canada and Brazil to ensure high quality and availability.

Aluminum is imported from China and Russia as these countries are among the largest producers globally and offer competitive prices. Glass is imported from European countries such as Germany and Italy, known for their high-quality glass products.

Plastics, used in many products by Patrick Industries, are sourced from both the USA and China to ensure a stable supply chain and cost efficiency.

Market Share: 20% in the RV sector (estimated 2025)
EBITDA Margin: 11.5% (2024)
ROE (Return on Equity): 18% (2024)

Patrick Industries, Inc. has a significant competitive advantage in the recreational vehicle (RV) sector, where it holds an estimated market share of 20%. This position is supported by strategic acquisitions and a diversified product range.

The EBITDA margin of 11.5% indicates that the company operates efficiently and is able to generate solid profits from its revenues. This is an indicator of strong operational efficiency compared to some competitors.

A Return on Equity of 18% suggests that Patrick Industries effectively deploys capital to generate profits, which is considered above average in the industry comparison. This strengthens the company's position against its competitors.

Overall, Patrick Industries benefits from a strong market position, solid financial metrics, and an effective growth strategy that underscores the company's competitive advantage.

Institutional Investor Share: 90% (2025, estimated)

Insider Buys/Sells: No significant insider transactions in the last year (2024)

The institutional investor share at Patrick Industries, Inc. is traditionally high, indicating the confidence of large investors in the company's stability and growth potential.

In 2024, there were no significant insider buys or sells, suggesting that the management and other insiders are satisfied with the current corporate strategy and do not expect any short-term changes.

Market share of Patrick Industries, Inc.: Estimated around 5% (2025)

Top competitors and their market shares:

1. Thor Industries, Inc.: around 20%
2. Winnebago Industries, Inc.: around 15%
3. Forest River, Inc.: around 12%
4. REV Group, Inc.: around 10%
5. LCI Industries: around 8%
6. Patrick Industries, Inc.: around 5%
7. Drew Industries, Inc.: around 4%
8. Skyline Champion Corporation: around 3%
9. Cavco Industries, Inc.: around 2%
10. Nobility Homes, Inc.: around 1%

Moat of Patrick Industries, Inc.:

Patrick Industries, Inc. has a moderate moat, mainly due to its vertical integration and diversification of its product lines. The company is heavily involved in manufacturing components for the recreational vehicle and manufactured housing industries, providing it with a certain level of stability and market penetration.

However, compared to its competitors, Patrick Industries does not have a significant technological or brand-related advantage. Companies like Thor Industries and Winnebago Industries have a larger moat due to their strong brand presence and extensive product offerings. These companies benefit from high customer loyalty and an established distribution network.

In summary, while Patrick Industries is well positioned in its niche, it has a less pronounced moat compared to the industry's leading companies. To remain competitive, the company could benefit from strategic partnerships or innovations to strengthen its market position.

Revenue (estimated): $4.5 billion USD (2025)
EBITDA margin (estimated): 10.5% (2025)
Market share in the RV sector: 20% (2025)

Patrick Industries, Inc. is a leading provider of components and products for the recreational vehicle (RV), marine, and residential industries. The company has strengthened its market position in recent years through strategic acquisitions and organic growth.

Revenue estimates for 2025 are around $4.5 billion USD, indicating solid demand in core markets. The 10.5% EBITDA margin demonstrates an efficient cost structure and the ability to achieve stable profits. Additionally, Patrick Industries holds a significant 20% market share in the RV sector, indicating a strong competitive position.

Given these factors, Patrick Industries' stock could be an attractive investment, especially for investors interested in the long-term development of the recreational vehicle and marine industries. The company's continuous expansion and the potential for further growth through new market segments and product innovations support this assessment.

Dividend Yield: 1.8% (estimated for 2025)
Dividend History: Continuous payout over the last 5 years

Patrick Industries, Inc. pays a dividend that currently has an estimated dividend yield of 1.8%. The company has been consistently distributing dividends over the past five years, indicating a certain level of reliability.

The stability of the dividend is supported by the solid financial performance and strategic direction of the company. Patrick Industries has proven in the past that it is able to pay dividends even in economically challenging times. Analysts view the company's dividend policy as sustainable as long as market conditions remain stable and the company maintains its financial health.