Patrick Industries Inc (PATK) - Net Assets
Based on the latest financial reports, Patrick Industries Inc (PATK) has net assets worth $1.18 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.08 Billion) and total liabilities ($1.89 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Patrick Industries Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.18 Billion |
| % of Total Assets | 38.5% |
| Annual Growth Rate | 12.54% |
| 5-Year Change | 54.29% |
| 10-Year Change | 538.61% |
| Growth Volatility | 31.24 |
Patrick Industries Inc - Net Assets Trend (1985–2025)
This chart illustrates how Patrick Industries Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Patrick Industries Inc for the complete picture of this company's asset base.
Annual Net Assets for Patrick Industries Inc (1985–2025)
The table below shows the annual net assets of Patrick Industries Inc from 1985 to 2025. For live valuation and market cap data, see Patrick Industries Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.18 Billion | +4.96% |
| 2024-12-31 | $1.13 Billion | +7.94% |
| 2023-12-31 | $1.05 Billion | +9.44% |
| 2022-12-31 | $955.17 Million | +24.44% |
| 2021-12-31 | $767.56 Million | +37.20% |
| 2020-12-31 | $559.44 Million | +12.45% |
| 2019-12-31 | $497.48 Million | +21.71% |
| 2018-12-31 | $408.75 Million | +10.27% |
| 2017-12-31 | $370.69 Million | +99.89% |
| 2016-12-31 | $185.45 Million | +44.21% |
| 2015-12-31 | $128.60 Million | +25.13% |
| 2014-12-31 | $102.77 Million | +24.85% |
| 2013-12-31 | $82.31 Million | +34.04% |
| 2012-12-31 | $61.41 Million | +112.91% |
| 2011-12-31 | $28.84 Million | +59.03% |
| 2010-12-31 | $18.14 Million | +10.93% |
| 2009-12-31 | $16.35 Million | -21.25% |
| 2008-12-31 | $20.76 Million | -71.14% |
| 2007-12-31 | $71.93 Million | +8.86% |
| 2006-12-31 | $66.08 Million | +5.42% |
| 2005-12-31 | $62.68 Million | +3.19% |
| 2004-12-31 | $60.74 Million | +2.52% |
| 2003-12-31 | $59.25 Million | -0.05% |
| 2002-12-31 | $59.28 Million | -0.38% |
| 2001-12-31 | $59.50 Million | -10.18% |
| 2000-12-31 | $66.25 Million | -16.74% |
| 1999-12-31 | $79.57 Million | +4.28% |
| 1998-12-31 | $76.30 Million | +11.06% |
| 1997-12-31 | $68.70 Million | +10.27% |
| 1996-12-31 | $62.30 Million | +17.55% |
| 1995-12-31 | $53.00 Million | +22.12% |
| 1994-12-31 | $43.40 Million | +18.90% |
| 1993-12-31 | $36.50 Million | +90.10% |
| 1992-12-31 | $19.20 Million | +7.87% |
| 1991-12-31 | $17.80 Million | -1.66% |
| 1990-12-31 | $18.10 Million | +0.56% |
| 1989-12-31 | $18.00 Million | +1.69% |
| 1988-12-31 | $17.70 Million | +14.94% |
| 1987-12-31 | $15.40 Million | +10.00% |
| 1986-12-31 | $14.00 Million | +33.33% |
| 1985-12-31 | $10.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Patrick Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.18 Billion | 100.00% |
| Total Equity | $1.18 Billion | 100.00% |
Patrick Industries Inc Competitors by Market Cap
The table below lists competitors of Patrick Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solvay SA
BR:SOLB
|
$2.96 Billion |
|
Hercules Capital Inc
NYSE:HTGC
|
$2.96 Billion |
|
Zhuzhou Hongda Electronics Corp Ltd Class A
SHE:300726
|
$2.96 Billion |
|
Hand Enterprise Solutions Co
SHE:300170
|
$2.96 Billion |
|
Risen Energy
SHE:300118
|
$2.96 Billion |
|
Wuhan Raycus Fiber Laser Technologies Co Ltd Class A
SHE:300747
|
$2.96 Billion |
|
Kemira Oyj
HE:KEMIRA
|
$2.96 Billion |
|
Songcheng Performance Develop
SHE:300144
|
$2.96 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Patrick Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,128,366,000 to 1,184,297,000, a change of 55,931,000 (5.0%).
- Net income of 135,056,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 926,000.
- Other factors decreased equity by 80,051,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $135.06 Million | +11.4% |
| Other Comprehensive Income | $926.00K | +0.08% |
| Other Changes | $-80.05 Million | -6.76% |
| Total Change | $- | 4.96% |
Book Value vs Market Value Analysis
This analysis compares Patrick Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.60x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 69.34x to 2.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.28 | $88.94 | x |
| 1986-12-31 | $1.35 | $88.94 | x |
| 1987-12-31 | $1.48 | $88.94 | x |
| 1988-12-31 | $1.75 | $88.94 | x |
| 1989-12-31 | $1.79 | $88.94 | x |
| 1990-12-31 | $1.85 | $88.94 | x |
| 1991-12-31 | $1.85 | $88.94 | x |
| 1992-12-31 | $1.98 | $88.94 | x |
| 1993-12-31 | $2.63 | $88.94 | x |
| 1994-12-31 | $3.16 | $88.94 | x |
| 1995-12-31 | $3.96 | $88.94 | x |
| 1996-12-31 | $4.61 | $88.94 | x |
| 1997-12-31 | $5.11 | $88.94 | x |
| 1998-12-31 | $5.72 | $88.94 | x |
| 1999-12-31 | $6.16 | $88.94 | x |
| 2000-12-31 | $5.78 | $88.94 | x |
| 2001-12-31 | $5.87 | $88.94 | x |
| 2002-12-31 | $5.57 | $88.94 | x |
| 2003-12-31 | $4.75 | $88.94 | x |
| 2004-12-31 | $5.84 | $88.94 | x |
| 2005-12-31 | $5.87 | $88.94 | x |
| 2006-12-31 | $5.92 | $88.94 | x |
| 2007-12-31 | $5.66 | $88.94 | x |
| 2008-12-31 | $1.15 | $88.94 | x |
| 2009-12-31 | $0.79 | $88.94 | x |
| 2010-12-31 | $0.82 | $88.94 | x |
| 2011-12-31 | $1.26 | $88.94 | x |
| 2012-12-31 | $2.57 | $88.94 | x |
| 2013-12-31 | $3.39 | $88.94 | x |
| 2014-12-31 | $4.27 | $88.94 | x |
| 2015-12-31 | $5.53 | $88.94 | x |
| 2016-12-31 | $8.10 | $88.94 | x |
| 2017-12-31 | $15.04 | $88.94 | x |
| 2018-12-31 | $16.81 | $88.94 | x |
| 2019-12-31 | $21.37 | $88.94 | x |
| 2020-12-31 | $24.23 | $88.94 | x |
| 2021-12-31 | $32.86 | $88.94 | x |
| 2022-12-31 | $39.30 | $88.94 | x |
| 2023-12-31 | $47.46 | $88.94 | x |
| 2024-12-31 | $33.48 | $88.94 | x |
| 2025-12-31 | $34.19 | $88.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Patrick Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.40%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.42%
- • Asset Turnover: 1.28x
- • Equity Multiplier: 2.60x
- Recent ROE (11.40%) is above the historical average (3.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 12.38% | 1.06% | 3.75x | 3.10x | $250.00K |
| 1986 | 9.29% | 1.08% | 3.65x | 2.36x | $-100.00K |
| 1987 | 10.39% | 1.26% | 3.15x | 2.62x | $60.00K |
| 1988 | 11.86% | 1.42% | 3.33x | 2.51x | $330.00K |
| 1989 | 2.78% | 0.34% | 3.39x | 2.41x | $-1.30 Million |
| 1990 | 1.10% | 0.14% | 3.21x | 2.44x | $-1.61 Million |
| 1991 | -1.12% | -0.14% | 3.18x | 2.52x | $-1.98 Million |
| 1992 | 6.77% | 0.71% | 3.69x | 2.60x | $-620.00K |
| 1993 | 15.89% | 2.24% | 3.80x | 1.86x | $2.15 Million |
| 1994 | 20.51% | 2.69% | 3.79x | 2.01x | $4.56 Million |
| 1995 | 19.06% | 2.79% | 3.78x | 1.81x | $4.80 Million |
| 1996 | 17.34% | 2.68% | 3.79x | 1.71x | $4.57 Million |
| 1997 | 12.08% | 2.02% | 3.66x | 1.63x | $1.43 Million |
| 1998 | 12.19% | 2.05% | 3.55x | 1.67x | $1.67 Million |
| 1999 | 9.31% | 1.62% | 3.62x | 1.59x | $-552.42K |
| 2000 | -6.84% | -1.25% | 3.53x | 1.55x | $-11.16 Million |
| 2001 | -9.70% | -1.97% | 3.19x | 1.55x | $-11.72 Million |
| 2002 | 0.16% | 0.03% | 3.57x | 1.46x | $-5.83 Million |
| 2003 | -0.09% | -0.02% | 3.39x | 1.37x | $-5.98 Million |
| 2004 | 0.99% | 0.20% | 3.26x | 1.52x | $-5.47 Million |
| 2005 | 2.27% | 0.44% | 3.24x | 1.59x | $-4.84 Million |
| 2006 | 3.98% | 0.76% | 3.18x | 1.65x | $-3.98 Million |
| 2007 | -8.12% | -1.34% | 2.22x | 2.73x | $-13.04 Million |
| 2008 | -344.45% | -21.99% | 3.24x | 4.84x | $-73.58 Million |
| 2009 | -27.65% | -2.13% | 2.76x | 4.71x | $-6.16 Million |
| 2010 | 6.76% | 0.44% | 3.72x | 4.13x | $-587.60K |
| 2011 | 29.37% | 2.75% | 3.59x | 2.97x | $5.59 Million |
| 2012 | 45.75% | 6.42% | 3.05x | 2.34x | $21.95 Million |
| 2013 | 29.21% | 4.04% | 3.42x | 2.12x | $15.81 Million |
| 2014 | 29.85% | 4.17% | 2.88x | 2.49x | $20.40 Million |
| 2015 | 32.83% | 4.59% | 2.38x | 3.00x | $29.36 Million |
| 2016 | 29.97% | 4.55% | 2.28x | 2.88x | $37.03 Million |
| 2017 | 23.12% | 5.24% | 1.89x | 2.34x | $48.65 Million |
| 2018 | 29.32% | 5.30% | 1.84x | 3.01x | $78.96 Million |
| 2019 | 18.00% | 3.83% | 1.59x | 2.96x | $39.82 Million |
| 2020 | 17.35% | 3.90% | 1.42x | 3.13x | $41.12 Million |
| 2021 | 29.30% | 5.52% | 1.54x | 3.45x | $148.16 Million |
| 2022 | 34.36% | 6.72% | 1.75x | 2.91x | $232.68 Million |
| 2023 | 13.67% | 4.12% | 1.30x | 2.56x | $38.36 Million |
| 2024 | 12.27% | 3.72% | 1.23x | 2.68x | $25.56 Million |
| 2025 | 11.40% | 3.42% | 1.28x | 2.60x | $16.63 Million |
Industry Comparison
This section compares Patrick Industries Inc's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $471,294,066
- Average return on equity (ROE) among peers: 9.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Patrick Industries Inc (PATK) | $1.18 Billion | 12.38% | 1.60x | $2.96 Billion |
| Brunswick Corporation (BC) | $1.31 Billion | 11.44% | 1.46x | $5.17 Billion |
| BRP Inc. (DOO) | $-69.66 Million | 0.00% | 0.00x | $2.03 Billion |
| EZGO Technologies Ltd (EZGO) | $12.33 Million | 14.10% | 0.55x | $27.15 Million |
| Forza X1 Inc (FRZA) | $1.54 Million | -34.59% | 0.45x | $3.15 Million |
| Harley-Davidson Inc (HOG) | $2.96 Billion | 25.73% | 0.66x | $2.68 Billion |
| Kandi Technologies Group Inc (KNDI) | $443.20 Million | 5.16% | 0.17x | $60.71 Million |
| LCI Industries (LCII) | $23.70 Million | 7.59% | 1.52x | $2.83 Billion |
| Massimo Group Common Stock (MAMO) | $12.91 Million | 36.55% | 1.80x | $41.64 Million |
| Malibu Boats Inc (MBUU) | $20.01 Million | 26.72% | 2.29x | $478.27 Million |
| MCBC Holdings Inc (MCFT) | $-3.79 Million | 0.00% | 0.00x | $381.72 Million |
About Patrick Industries Inc
Patrick Industries, Inc. manufactures and distributes component products and materials for the recreational vehicle, marine, powersports, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fix… Read more