Gentex vs Patrick Industries
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KIRA’s take AI analyst
I put Gentex and Patrick Industries side by side, using each one’s latest annual report. Here is what stands out:
- Patrick Industries is the larger business, with $4.0B of revenue in fiscal 2025 against $2.5B for Gentex, about 1.6 times as much.
- Gentex grew revenue faster (9.6%, against 6.3%).
- Gentex kept more of each dollar of sales as operating profit (18.7% operating margin, against 7.0%).
- Gentex turned more of its sales into free cash flow (18.1% FCF margin, against 6.2%).
- Gentex earned a higher return on the capital invested in it (17.4%, against 8.6%).
- Investors pay more for each dollar of Patrick Industries’s earnings: a P/E of 16.7x against 10.9x for Gentex.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
Gentex
GNTX
9/11
Revenue growthGross marginOperating marginNet marginFCF marginReturn on capitalReturn on equityNet debt / EBITDAShare count change
Patrick Industries
PATK
1/11
5-year growth
Side by side
Best in the row
| Latest fiscal year | GNTX FY25 | PATK FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.3B | $2.4B |
| Revenue | $2.5B | $4.0B |
| Free cash flow | $458M | $246M |
| Net income | $385M | $135M |
| Growth | ||
| Revenue growth | 9.6% | 6.3% |
| 5-year growth | 8.5% | 9.7% |
| Share count change | −3.6% | 2.8% |
| Profitability | ||
| Gross margin | 34.2% | 23.1% |
| Operating margin | 18.7% | 7.0% |
| Net margin | 15.2% | 3.4% |
| FCF margin | 18.1% | 6.2% |
| Return on capital | 17.4% | 8.6% |
| Return on equity | 15.5% | 11.7% |
| Balance sheet | ||
| Net debt | −$147M | $1.3B |
| Net debt / EBITDA | −0.3x | 2.9x |
| Dividends and buybacks | $422M | $87.3M |
| Valuation & quality | ||
| P/E | 10.9x | 16.7x |
| Piotroski F-score | 6 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.