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Patrick Industries Inc   (PATK)
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Patrick Industries Inc 's

Competitiveness


 

PATK Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Patrick Industries Inc reported Revenue decrease in the 4 quarter 2023 year on year by -17.84 %, faster than the overall decrease of Patrick Industries Inc 's competitors by -10.76 %, recorded in the same quarter.

List of PATK Competitors

With a net margin of 3.94 % Patrick Industries Inc achieved higher profitability than its competitors.

More on PATK Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Patrick Industries Inc Net Income in the 4 quarter 2023 fell year on year by -23.3%, while most of its competitors have experienced a net loss.

<<  PATK Stock Performance Comparisons


Patrick Industries Inc 's Comment on Competitors and Industry Peers


The RV and MH industries are highly competitive, both among manufacturers and the suppliers of RV and MH components. The barriers to entry for each industry are generally low and include compliance with industry standards, codes and safety requirements, and the initial capital investment required to establish manufacturing operations. In addition, the Company competes with manufacturers of manufactured homes with vertically integrated operations. Across the Company’s range of products and services, competition exists primarily on price, product features and innovation, quality and customer service. Several competitors compete with Patrick in each product line on a regional and local basis. However, in order for a competitor to compete with Patrick on a national basis, the Company believes that a substantial capital commitment and investment in personnel and facilities would be required. The industrial markets that it serves are also highly competitive.




  

Overall company Market Share Q4 2023

Overall company, revenue fell by -17.84 % and company lost market share, to approximately 10.6 %.




<<  More on PATK Market Share.
 
*Market share is calculated based on total revenue.





Who are Patrick Industries Inc 's Competitors?




American Woodmark Corporation
Share Performance



+10.75%
This Year



American Woodmark Corporation
Profile

American Woodmark Corp operates as a leading manufacturer and distributor of kitchen cabinets and vanities in the United States. Their business model revolves around creating high-quality, customized cabinetry solutions for both new construction and remodeling projects, catering to various customer needs and preferences. By maintaining strong relationships with professional builders, contractors, and homeowners, the company aims to deliver exceptional products and services while maintaining a competitive edge in the market.

More about American Woodmark Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,674.425 mill. $ 1,932.203 mill. $ 113.060 mill.


Fortune Brands Innovations Inc
Share Performance



+44.33%
One Year



Fortune Brands Innovations Inc
Profile

Fortune Brands Innovations Inc operates under a diversified business model, focusing on different industries including home and security, plumbing, and spirits. By leveraging its expertise and brand strength, the company develops innovative products and solutions for consumers across these sectors. Through strategic acquisitions and a commitment to quality, Fortune Brands Innovations Inc strives to enhance its market presence and deliver value to its customers.

More about Fortune Brands Innovations Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 82.544 mill. $ 4,596.900 mill. $ 432.800 mill.


Leggett and Platt Inc
Share Performance



-38.33%
One Year



Leggett and Platt Inc
Profile

Leggett and Platt Inc operates as a diversified manufacturer that designs and produces a range of engineered components and products for various industries such as bedding, furniture, automotive, and aerospace, among others. Their business model focuses on providing innovative solutions and strategic partnerships, leveraging their expertise in engineering and manufacturing to deliver high-quality products to meet customer needs and drive long-term growth.

More about Leggett and Platt Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,616.300 mill. $ 4,724.800 mill. $ -136.800 mill.


Masco Corporation
Share Performance



+16.38%
This Quarter



Masco Corporation
Profile

Masco Corporation's business model focuses on manufacturing and distributing a variety of home improvement and building products to customers.

More about Masco Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 17,669.861 mill. $ 7,967.000 mill. $ 960.000 mill.


Newell Brands Inc
Share Performance



+3.98%
Over The Past 5 Days



Newell Brands Inc
Profile

Newell Brands Inc operates under a diversified business model, focusing on delivering a wide range of consumer and commercial products. Leveraging various brands, the company primarily engages in the design, manufacturing, and distribution of household consumer goods, office supplies, storage solutions, and commercial products. Newell Brands strives to meet the needs of consumers and businesses through innovation, efficiency, and strategic partnerships.

More about Newell Brands Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,287.681 mill. $ 8,133.000 mill. $ -388.000 mill.


Ufp Industries inc
Share Performance



+2.83%
Over The Past 5 Days



Ufp Industries inc
Profile

UFP Industries Inc's business model focuses on providing and distributing a wide range of wood and wood-related products for various industries.

More about Ufp Industries inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,807.090 mill. $ 7,217.938 mill. $ 514.457 mill.



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