Patriot Transportation Holding Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Patriot Transportation Holding Inc (PATI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Patriot Transportation Holding Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 95M vs 42,235M combined for tracked competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+2.2% annualized vs trailing 12 months), vs accelerating (+3.4%) for its tracked peer group.
- Growth: Patriot Transportation Holding Inc generated 5.8% revenue growth year over year in Q4 2023, vs -16.0% for its tracked competitors combined.
- Profitability: Its 2.2% net margin compares with 1.9% for the peer group.
- Peer revenue share: Patriot Transportation Holding Inc accounted for 0.2% of combined revenue among its tracked peer group, up from 0.2% a year earlier.
- Peer differentiation: Revenue per employee of $0.43M compares with $3.14M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
PATI Sales vs. its Competitors, Q4 2023
Patriot Transportation Holding Inc reported revenue growth of 5.83 % year on year in Q4 2023, above its competitors' combined revenue change of -16.01 %.
With a net margin of 2.17 %, Patriot Transportation Holding Inc achieved higher profitability than its competitors (1.89 %).
Patriot Transportation Holding Inc generated 0.22 % of the combined sales of its peer group, up from 0.18 % a year earlier.
Patriot Transportation Holding Inc vs. its Competitors, Q4 2023
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Patriot Transportation Holding Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Patriot Transportation Holding Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Patriot Transportation Holding Inc's competitor groups requires a Commercial License.
For context: the Transport & Logistics industry grew revenue 7.9% year over year, combined, vs 5.8% for Patriot Transportation Holding Inc. Patriot Transportation Holding Inc's share of combined industry revenue moved from 0.03% to 0.03%, a gain of 0.00 percentage points.
Patriot Transportation Holding Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Patriot Transportation Holding Inc | Yes | Yes | Yes | No |
| Competitors combined (8) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 100.00 % (8 of 8) | 87.50 % (7 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
PATI Stock Performance relative to its Competitors
PATI Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Ngl Energy Partners Lp | 282.9% | Outperformed |
| 2 | Delek Us Holdings Inc | 282.9% | Outperformed |
| 3 | Crossamerica Partners Lp | 282.9% | Outperformed |
| 4 | Global Partners Lp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Patriot Transportation Holding Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Patriot Transportation Holding Inc's Comment on Competition and Industry Peers
The tank lines transportation business is extremely competitive and fragmented.
We have between two and six competitors in each of our markets, consisting of
other carriers of varying sizes as well as our customers’ private fleets.
Price, service and location are the major competitive factors in each local
market. Some of our competitors have greater financial resources and a more
expansive geographic footprint than our company. Some of our competitors periodically
reduce their prices to gain business, which may limit our ability to maintain
or increase prices, implement new pricing strategies or maintain significant
growth in our business.
Our largest competitors include Kenan Advantage Group, Eagle Transport, Penn
Tank Lines, CTL, and Commercial Carriers. We also compete with smaller carriers
in most of our markets.
Our strategy is to build long-term partnerships with our customers based on
the highest level of customer service and reliability. The current trend is
that hypermarkets and super regional and national chains have emerged to replace
many of the independent convenience stores and service stations historically
served by many of our competitors. As this continues, we believe that our size,
capabilities, scope of services and geographic reach will provide us a competitive
advantage over smaller carriers with fewer resources.
Publicly Traded Peers of Patriot Transportation Holding Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Patriot Transportation Holding Inc | 58.44 | 94.79 |
| Delek Us Holdings Inc | 4,294.69 | 12,056.50 |
| Crossamerica Partners Lp | 817.07 | 2,413.36 |
| Sprague Resources Lp | 524.73 | 4,895.98 |
| Macquarie Infrastructure Holdings Llc | 367.53 | 480.12 |
| Adams Resources and Energy Inc | 97.72 | 2,784.46 |
| SUBTOTAL | 6,245.04 | 47,722.83 |
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Sources: Patriot Transportation Holding Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Patriot Transportation Holding Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Patriot Transportation Holding Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Penn Tank Lines | Named by the company | 85% |
| Eagle Transport | Named by the company | 85% |
| Kenan Advantage Group | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Patriot Transportation Holding Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Patriot Transportation Holding Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Delek Us Holdings Inc | Refining 95.07 % |
| Sprague Resources Lp | Refined Products 93.03 % |
| Adams Resources and Energy Inc | Crude oil marketing 95.06 % |
| Ngl Energy Partners Lp | Crude Oil Logistics 44.39 % |
| Global Partners Lp | Wholesale segment 71.69 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Patriot Transportation Holding Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Patriot Transportation Holding Inc | 58 | 430,841 | 12,150 |
| Delek Us Holdings Inc | 4,295 | 6,338,854 | 147,792 |
| Crossamerica Partners Lp | 817 | 792,046 | 18,133 |
| Sprague Resources Lp | 525 | 8,159,965 | -165,740 |
| Macquarie Infrastructure Holdings Llc | 368 | 133,365 | 744,919 |
| Adams Resources and Energy Inc | 98 | 3,757,702 | -10,987 |
| PEERS TOTAL | 6,187 | 3,141,899 | 196,313 |
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Patriot Transportation Holding Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Sprague Resources Lp | United States 92.23 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Patriot Transportation Holding Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Transport & Logistics industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (24 companies). See the full Transport & Logistics industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 79.92 % | 67.99 % (avg) | +11.9 pp |
| Operating Margin | 3.46 % | industry median | -3.4 pp |
| EBITDA Margin | 10.01 % | 10.81 % (avg) | -0.8 pp |
| Capital Intensity (Capex / Revenue) | 12.75 % | 6.32 % (avg) | +6.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Patriot Transportation Holding Inc's Valuation vs Competitive Position
Valuation multiples vs the Transport & Logistics industry average (24 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Transport & Logistics industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 11.3x | 26.1x | -14.8x |
| EV / EBITDA | 2.5x | 15.7x | -13.3x |
| P/B | 0.9x | 3.1x | -2.2x |
| Return on Equity | 8.07 % | industry aggregate | -15.37 % |
| Return on Invested Capital | 4.50 % | 4.30 % (avg) | 0.20 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Patriot Transportation Holding Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue Growth | -0.81 % | -6.90 % | 2.61 % | -7.66 % | -20.23 % | -3.00 % | 10.48 % |
| Operating Margin | 7.06 % | 1.68 % | 2.11 % | 0.14 % | 0.79 % | 11.91 % | 1.53 % |
| Return on Invested Capital | 8.74 % | 1.78 % | 2.16 % | 0.13 % | 0.71 % | 12.65 % | 2.03 % |
| P/E | 14.8x | 13.0x | 27.1x | 137.2x | 69.6x | 5.0x | 22.7x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Patriot Transportation Holding Inc's Strategic Group Map
Every company in Patriot Transportation Holding Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Patriot Transportation Holding Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Patriot Transportation Holding Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 12.75 % vs industry average 6.32 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Patriot Transportation Holding Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Patriot Transportation Holding Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Patriot Transportation Holding Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Patriot Transportation Holding Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Patriot Transportation Holding Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+2.2% annualized vs trailing 12 months).
Weaknesses
- Return on equity 15.4 points below the industry aggregate.
Opportunities
- Trades at a lower P/E than the industry average (11.3x vs 26.1x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of tracked competitors (66.70 %) show financial-distress signals, a possible opening to gain share.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Patriot Transportation Holding Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Patriot Transportation Holding Inc | 0.90 | 2.44 | - |
| Delek Us Holdings Inc | 0.21 | 0.80 | 7.45 |
| Crossamerica Partners Lp | 0.03 | 0.74 | - |
| Sprague Resources Lp | 0.00 | 0.80 | - |
| Macquarie Infrastructure Holdings Llc | 1.06 | 1.14 | 0.50 |
| Adams Resources and Energy Inc | 0.15 | 1.07 | 0.20 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Patriot Transportation Holding Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Patriot Transportation Holding Inc | Q3 2023 | +5.8 % | +11.9 % |
| Delek Us Holdings Inc | Q2 2026 | +47.8 % | - |
| Crossamerica Partners Lp | Q2 2026 | +24.1 % | -17.3 % |
| Sprague Resources Lp | Q2 2022 | +94.4 % | - |
| Macquarie Infrastructure Holdings Llc | Q1 2022 | -74.0 % | -17.0 % |
| Adams Resources and Energy Inc | Q3 2024 | -8.6 % | - |
| PEERS TOTAL | +41.7 % | +33,201.0 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Patriot Transportation Holding Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Patriot Transportation Holding Inc | Q3 2023 | +343.0 % | +37.0 % |
| Delek Us Holdings Inc | Q2 2026 | +37.2 % | +5.2 % |
| Crossamerica Partners Lp | Q2 2026 | +23.8 % | -37.1 % |
| Sprague Resources Lp | Q2 2022 | +91.3 % | +3.4 % |
| Macquarie Infrastructure Holdings Llc | Q1 2022 | -51.4 % | -68.3 % |
| Adams Resources and Energy Inc | Q3 2024 | -7.5 % | - |
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Patriot Transportation Holding Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Patriot Transportation Holding Inc | 5.34% | 6.72% | 8.07% |
| Delek Us Holdings Inc | 3.87% | 6.58% | 65.49% |
| Crossamerica Partners Lp | 5.60% | 5.68% | - |
| Sprague Resources Lp | - | - | - |
| Macquarie Infrastructure Holdings Llc | 140.81% | 157.20% | 387.09% |
| Adams Resources and Energy Inc | - | - | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Patriot Transportation Holding Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Patriot Transportation Holding Inc | 21.68 | 0.62 |
| Delek Us Holdings Inc | 19.14 | 0.36 |
| Crossamerica Partners Lp | 15.56 | 0.34 |
| Sprague Resources Lp | - | 0.11 |
| Macquarie Infrastructure Holdings Llc | 0.13 | 0.77 |
| Adams Resources and Energy Inc | - | 0.04 |
| PEERS AVERAGE | 2.10 | 0.13 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.