PATK vs. AWI
PATK (Patrick Industries, Inc.) and AWI (Armstrong World Industries, Inc.) are both stocks. PATK operates in Recreational Vehicles (Consumer Cyclical), while AWI operates in Building Products & Equipment (Industrials). Over the past 10 years, PATK returned 15.77%/yr vs 14.89%/yr for AWI. At a 0.30 correlation, their price movements are largely independent.
Performance
PATK vs. AWI - Performance Comparison
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Returns By Period
In the year-to-date period, PATK achieves a -15.67% return, which is significantly higher than AWI's -19.50% return. Over the past 10 years, PATK has outperformed AWI with an annualized return of 15.77%, while AWI has yielded a comparatively lower 14.89% annualized return.
PATK
- 1D
- -0.01%
- 1M
- 7.04%
- YTD
- -15.67%
- 6M
- -15.60%
- 1Y
- 7.09%
- 3Y*
- 25.79%
- 5Y*
- 12.69%
- 10Y*
- 15.77%
AWI
- 1D
- 0.24%
- 1M
- -6.17%
- YTD
- -19.50%
- 6M
- -18.10%
- 1Y
- -0.44%
- 3Y*
- 34.52%
- 5Y*
- 8.45%
- 10Y*
- 14.89%
PATK vs. AWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PATK Patrick Industries, Inc. | -15.67% | 32.70% | 26.49% | 69.62% | -23.07% | 19.72% | 32.77% | 77.91% | -57.37% | 36.53% |
AWI Armstrong World Industries, Inc. | -19.50% | 36.23% | 45.05% | 45.37% | -40.26% | 57.44% | -19.97% | 62.79% | -3.61% | 44.86% |
Correlation
The correlation between PATK and AWI is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2006 | 0.30 |
The correlation between PATK and AWI shifts across timeframes, from 0.30 (all time) to 0.59 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
PATK:
$3.27B
AWI:
$6.62B
PATK:
$3.90
AWI:
$7.04
PATK:
23.25
AWI:
21.76
PATK:
0.80
AWI:
4.05
PATK:
2.75
AWI:
7.41
PATK:
$3.94B
AWI:
$1.65B
PATK:
$911.13M
AWI:
$664.10M
PATK:
$378.29M
AWI:
$578.40M
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Return for Risk
PATK vs. AWI — Risk / Return Rank
PATK
AWI
PATK vs. AWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Patrick Industries, Inc. (PATK) and Armstrong World Industries, Inc. (AWI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| PATK | AWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.02 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | -0.02 | +0.19 |
| Martin ratioReturn relative to average drawdown | 0.44 | -0.04 | +0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PATK | AWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | -0.02 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.32 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.50 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.30 | -0.08 |
Drawdowns
PATK vs. AWI - Drawdown Comparison
The maximum PATK drawdown since its inception was -98.61%, which is greater than AWI's maximum drawdown of -80.98%. Use the drawdown chart below to compare losses from any high point for PATK and AWI.
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Drawdown Indicators
| PATK | AWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.61% | -80.98% | -17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -41.39% | -24.54% | -16.85% |
Max Drawdown (3Y)Largest decline over 3 years | -41.39% | -24.54% | -16.85% |
Max Drawdown (5Y)Largest decline over 5 years | -49.75% | -46.06% | -3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -72.62% | -46.44% | -26.18% |
Current DrawdownCurrent decline from peak | -37.27% | -24.35% | -12.92% |
Average DrawdownAverage peak-to-trough decline | -31.86% | -18.25% | -13.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.27% | 10.37% | +5.90% |
Volatility
PATK vs. AWI - Volatility Comparison
Patrick Industries, Inc. (PATK) has a higher volatility of 10.67% compared to Armstrong World Industries, Inc. (AWI) at 7.32%. This indicates that PATK's price experiences larger fluctuations and is considered to be riskier than AWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PATK | AWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.67% | 7.32% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 27.54% | 20.10% | +7.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.81% | 25.26% | +9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.41% | 26.15% | +11.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.10% | 29.95% | +16.15% |
Dividends
PATK vs. AWI - Dividend Comparison
PATK's dividend yield for the trailing twelve months is around 2.00%, more than AWI's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AWI Armstrong World Industries, Inc. | 0.86% | 0.66% | 0.81% | 1.06% | 1.38% | 0.74% | 1.09% | 0.77% | 0.30% |
PATK Patrick Industries, Inc. | 2.00% | 1.54% | 1.81% | 1.89% | 2.38% | 1.45% | 1.51% | 0.48% | 0.00% |
Financials
PATK vs. AWI - Financials Comparison
This section allows you to compare key financial metrics between Patrick Industries, Inc. and Armstrong World Industries, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PATK vs. AWI - Profitability Comparison
PATK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Patrick Industries, Inc. reported a gross profit of 226.86M and revenue of 997.17M. Therefore, the gross margin over that period was 22.8%.
AWI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a gross profit of 155.30M and revenue of 409.90M. Therefore, the gross margin over that period was 37.9%.
PATK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Patrick Industries, Inc. reported an operating income of 64.72M and revenue of 997.17M, resulting in an operating margin of 6.5%.
AWI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported an operating income of 94.20M and revenue of 409.90M, resulting in an operating margin of 23.0%.
PATK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Patrick Industries, Inc. reported a net income of 39.48M and revenue of 997.17M, resulting in a net margin of 4.0%.
AWI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Armstrong World Industries, Inc. reported a net income of 66.80M and revenue of 409.90M, resulting in a net margin of 16.3%.
Frequently Asked Questions
PATK and AWI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PATK has higher volatility (10.67%) compared to AWI (7.32%). In terms of maximum drawdown, PATK dropped -98.61% vs AWI's -80.98%.
PATK currently has the higher Sharpe Ratio (0.21 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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