Patrick IndustriesFRA:PK2 +9.21%71 Net Margin % is 3.96% as of Mar. 2026, which is 9% below its 10-year median of 4.34. GuruFocus rates FRA:PK2 with a GF Score™ of 71/100 and a GF Value™ of €72.86 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,326 Vehicles & Parts companies, Patrick Industries ranks better than 52.26% on this metric.
The historical rank and industry rank for Patrick Industries's Net Margin % or its related term are showing as below:
FRA:PK2'
s Net Margin % Range Over the Past 10 Years
Min: 3.42 Med: 4.34 Max: 6.72
Current: 3.46
FRA:PK2's Net Margin % is ranked better than 52.26% of 1326
companies
in the Vehicles & Parts industry
Industry Median: 3.205
vs FRA:PK2: 3.46
Patrick Industries (FRA:PK2) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Patrick Industries Net Margin % Related Terms
Patrick Industries Net Margin % Historical Data
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The historical data trend for Patrick Industries's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:PK2 vs LCII, HOG, PII: Net Margin % Comparison
For the Recreational Vehicles subindustry, Patrick Industries's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Patrick Industries Net Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Patrick Industries's Net Margin % distribution charts can be found below:
* The bar in red indicates where Patrick Industries's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Patrick Industries (FRA:PK2) has a Net Margin % of 3.96% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Patrick Industries and its competitors. This is near median its historical median of 4.34. Over the past decade, Patrick Industries' Net Margin % has ranged from 3.42 to 6.72. According to the industry distribution chart, Patrick Industries ranks #633 out of 1326 companies in the Vehicles & Parts industry, placing it in the top 47.7%.
Is Patrick Industries' Net Margin % too high?
Patrick Industries' current Net Margin % of 3.96% is near median its 10-year median of 4.34. Over the past 10 years, this metric has ranged from a low of 3.42 to a high of 6.72. The Vehicles & Parts industry median Net Margin % is 3.21. Patrick Industries' value of 3.96% is 23.6% above this industry median. Based on the distribution chart, Patrick Industries ranks #633 out of 1326 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Patrick Industries has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patrick Industries' Net Margin % compare to LCII and HOG?
According to the Vehicles & Parts industry distribution chart, Patrick Industries ranks #633 out of 1326 companies for Net Margin %. This puts Patrick Industries in the upper half of its industry. The industry median Net Margin % is 3.21. Patrick Industries' value of 3.96% is 23.6% above this benchmark. Historically, Patrick Industries' own Net Margin % has ranged from 3.42 to 6.72 over the past decade. While the company's 10-year median is 4.34 vs. the industry median of 3.21, Patrick Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Vehicles & Parts company?
The median Net Margin % among Vehicles & Parts companies is 3.21, based on 1,326 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Patrick Industries's current Net Margin % of 3.96% is 23.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Patrick Industries and its competitors. For the Vehicles & Parts industry, the median Net Margin % is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patrick Industries's current Net Margin % is 3.96%, which is near median its own 10-year median of 4.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patrick Industries stock overvalued right now?
Based on GuruFocus' analysis, Patrick Industries (FRA:PK2) is currently considered Modestly Overvalued. The stock's GF Value™ is €72.86, compared to a current price of €83.00 — trading 13.9% above its estimated fair value. The current Net Margin % is 3.96%, which is near median its 10-year median of 4.34 and 23.6% above the Vehicles & Parts industry median of 3.21. Patrick Industries' overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Patrick Industries (FRA:PK2), the current Net Margin % is 3.96% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Patrick Industries (FRA:PK2) Overvalued in 2026?
Based on GuruFocus' analysis, Patrick Industries stock appears to be overvalued.
The current stock price of €83.00 is trading 13.9% above its estimated GF Value™ of €72.86.
GuruFocus considers Patrick Industries to be Modestly Overvalued.
Key valuation signals for FRA:PK2:
Net Margin %: 3.96% (near median its 10-year median of 4.34)
GF Value™: €72.86 vs. price of €83.00 (13.9% above fair value)
Industry Position: 23.6% above the Vehicles & Parts median (#633 of 1326)
No single metric tells the full story. See the FRA:PK2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patrick Industries Inc is a 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. The company operates within two reportable segments, Manufacturing and Distribution. The majority of its revenue is generated from the Manufacturing segment, which offers laminated products utilized to produce furniture, shelving, walls, and countertops; fabricated aluminum products; cabinet products, doors, components, and custom cabinetry; interior passage doors and baggage doors; RV and marine furniture, etc. Geographically, the company mainly operates in the United States, with a small presence in Mexico, China, and Canada.
71GF Score
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