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. The company operates through Manufacturing and Distribution segments. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile …
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Competitive advantage assessment
Key strengths
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.93), demonstrating pricing resilience across cycles.
ROIC Sustainably Above PeersROIC at 80.0th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Key risks
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.07), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Where PATK ranks in Furnishings, Fixtures & Appliances
Patrick Industries, Inc. ranks #8 of 34
scored companies in Furnishings, Fixtures & Appliances by moat score — the top 24%.
The widest moat in the group is SharkNinja, Inc. (SN)
at 81/100.
Moat scores for companies ranked near PATK in Furnishings, Fixtures & Appliances
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 87
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 52
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 73
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 66
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 56
· 15% of the moat score
Scale matters only when it converts into economics.
Patrick Industries, Inc. (PATK) scores 67 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #8 of 34 scored companies in Furnishings, Fixtures & Appliances, the top 24%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Furnishings, Fixtures & Appliances. Its strongest defense is Cost Advantage (87/100) and its weakest is Customer Stickiness (52/100).
How does Patrick Industries, Inc. compare with other Furnishings, Fixtures & Appliances companies?
Patrick Industries, Inc. ranks #8 of 34 scored companies in Furnishings, Fixtures & Appliances by moat score. The widest moat in Furnishings, Fixtures & Appliances is SharkNinja, Inc. (SN) at 81/100. The companies ranked closest are Kewaunee Scientific Corporation (KEQU) at 71 just above it and Leggett & Platt, Incorporated (LEG) at 66 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Furnishings, Fixtures & Appliances. The defenses are then weighted to produce the overall score out of 100.
Why is Patrick Industries, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Patrick Industries, Inc.?
The Corporate Default template measures 6 defenses, and PATK scores: Pricing Power (69), Cost Advantage (87), Customer Stickiness (52), Capital Efficiency (73), Resilience (66), Scale & Market Position (56). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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