Patrick IndustriesM/I Homes

Patrick Industries vs M/I Homes

Patrick Industries and M/I Homes are compared on this page to illuminate differences in business models, financial performance, and market context. The aim is to present neutral, accessible informatio...

Which Baskets Do They Appear In?

Tariff Protected Stocks | Domestic Manufacturing Edge

Tariff Protected Stocks | Domestic Manufacturing Edge

New tariffs on imported pharmaceuticals, trucks, and furnishings create a potential advantage for U.S.-based manufacturers. This theme identifies domestic companies poised to benefit from reduced foreign competition and increased demand for American-made goods.

Published: September 28, 2025

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The Protectionist Pivot

The Protectionist Pivot

A carefully selected group of US companies positioned to benefit from rising trade barriers and tariffs. These stocks represent businesses with strong domestic operations that may gain advantages as protectionist policies reshape global trade.

Published: July 2, 2025

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Open Road Portfolio

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

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Investment Analysis

Pros

  • Patrick Industries showed strong Q3 2025 financial performance, exceeding EPS and revenue expectations with a 6% year-over-year sales increase.
  • The company benefits from a diversified business model and has demonstrated solid organic growth alongside strategic acquisitions such as Lily Pad Marine.
  • Patrick Industries holds a solid market position with a growing enterprise value and favorable analyst momentum scores reflecting growth potential.

Considerations

  • Despite revenue growth, the company experienced declines in operating income, net income, and adjusted EBITDA compared to the previous year.
  • Margins have contracted, with operating margin falling from 8.1% to 6.8%, which may pressure profitability moving forward.
  • Diluted EPS included dilution from convertible notes and warrants, increasing the share base and slightly reducing per-share earnings compared to the prior year.

Pros

  • M/I Homes is a prominent homebuilder capitalising on strong U.S. housing demand and favorable demographic trends supporting growth.
  • The company has expanded its geographic footprint and diversified product offerings, improving resilience to local market fluctuations.
  • Recent operational improvements and disciplined cost management have enhanced margins and free cash flow generation.

Considerations

  • M/I Homes faces exposure to potential housing market volatility including interest rate sensitivity that could impact demand and pricing.
  • Supply chain disruptions and rising raw material costs pose ongoing challenges that may affect profitability and project timelines.
  • Competitive pressure from both regional and national homebuilders could constrain market share growth and margin expansion.

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