

Patrick Industries vs Harley-Davidson
Patrick Industries vs Harley-Davidson compares two established manufacturers. This page examines their business models, financial performance, and market context to show how each operates and competes. The analysis highlights structure, revenue streams, and strategic positioning in a clear, neutral way. Educational content, not financial advice.
Patrick Industries vs Harley-Davidson compares two established manufacturers. This page examines their business models, financial performance, and market context to show how each operates and competes...
Which Baskets Do They Appear In?
Open Road Portfolio
Discover a carefully curated collection of stocks that embody personal freedom and independence. Our analysts have selected companies that not only manufacture the vehicles for your adventures but also provide the financial tools to help you chart your own course in life.
Published: June 17, 2025
Explore BasketWhich Baskets Do They Appear In?
Open Road Portfolio
Discover a carefully curated collection of stocks that embody personal freedom and independence. Our analysts have selected companies that not only manufacture the vehicles for your adventures but also provide the financial tools to help you chart your own course in life.
Published: June 17, 2025
Explore BasketInvestment Analysis
Pros
- Patrick Industries demonstrated a 6% year-over-year revenue increase in Q3 2025, driven by solid organic growth and acquisitions.
- The company operates a diversified integrated business model serving multiple end markets including RV, Marine, Powersports, and Housing with over 85 leading brands.
- Patrick Industries maintains a quarterly dividend, recently declared at $0.40 per share, reflecting stable shareholder returns.
Considerations
- Operating income in Q3 2025 declined from $74 million to $66 million year-over-year, with operating margins shrinking from 8.1% to 6.8%.
- Diluted earnings per share decreased year-over-year, impacted by dilution from convertible notes and related warrants.
- Despite revenue growth, adjusted EBITDA and adjusted EBITDA margin decreased compared to the prior year, signaling some margin pressures.
Pros
- Harley-Davidson has a globally recognized brand with a loyal customer base in the motorcycle and premium lifestyle markets.
- The company has been advancing in electric motorcycle development, aligning with trends toward sustainable urban mobility.
- Harley-Davidson benefits from diversified product lines including traditional motorcycles, electric vehicles, and branded merchandise.
Considerations
- Harley-Davidson's stock price has experienced significant volatility and a decline over recent years, reflecting cyclical demand and market challenges.
- The company faces risks from regulatory changes and shifting consumer preferences away from heavyweight motorcycles.
- Profitability is subject to macroeconomic conditions affecting discretionary spending, exposing Harley-Davidson to cyclicality.
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