PATKPATRICK INDUSTRIES INC
Motor Vehicle Parts & Accessories
- Revenue
- $4.0B
- 6.3% YoY
- Operating margin
- 7.0%
- 0.6% YoY
- EBITDA
- $446M
- 5.1% YoY
- Market cap
- $2.5B
- Employees
- —
- Net debt / EBITDA
- 0.0×
- $21M net debt
- AI in 10-K
- 0.4
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo244% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo26% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo26% of assetsOver 40% of assets
- Shareholder dissentNo95% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AIYes0.4 per 10K words · 18th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.0× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$2.5B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$2M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $4.1B | $4.9B | $3.5B | $3.7B | $4.0B | 6.3% |
| Operating income | $352M | $496M | $260M | $258M | $276M | 7.0% |
| Net income | $225M | $328M | $143M | $138M | $135M | 2.4% |
| Operating cash flow | $252M | $412M | $409M | $327M | $329M | 0.8% |
| Capex | $65M | $80M | $59M | $76M | $83M | 9.6% |
| Stock-based comp | $23M | $22M | $19M | $17M | $19M | 14% |
| Buybacks | $49M | $77M | $19M | $5M | $32M | 586% |
| Dividends | $27M | $33M | $42M | $50M | $55M | 10% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $4M · 13
- Open-market sells, 12 mo
- $6M · 5
- Net
- −$2M
Pay vs performance
No pay-versus-performance disclosure yet.