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Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World. The company provides ceramic, porcelain, and natural stone tiles products for floor and wall applications; natural stones, porcelain slabs, and quartz countertops, as well as installation materials; floor covering products comprising broadloom carpets, carpet tiles, rugs and mats, carpet pads, laminates, medium-density fiberboards, wood floorings, vinyl tiles, hybrid flooring, and sheet vinyl; and roofing panels, insulation boards, mezzanine flooring products, medium-density fiberboard, decorative panels, and chipboards. It also licenses its intellectual property to flooring manufacturers. The company sells its products under the American Olean, Daltile, Decortiles, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, IVC Home, Karastan, Kerama Marazzi, Marazzi, Moduleo, Mohawk, Pergo, Quick-Step, Unilin, Vitromex, GH Commercial, Hycraft, Lentex Flooring, Leoline, Redbook, EmilGroup, KAI, Ragno, Aladdin Commercial, Durkan, Foss, IVC Resilient Design, Mohawk Group, Mohawk Home, and Portico. It offers its products to home centers, company-owned service centers and stores, floor covering retailers, ceramic tile specialists, e-commerce retailers, residential builders, independent distributors, commercial contractors, and commercial end users. The company was incorporated in 1988 and is headquartered in Calhoun, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $10.8B | $1.1B | $370M | $616M | 4.4% | -0.5% | -28.1% |
| 2024 | $10.8B | $1.3B | $515M | $680M | 6.9% | -2.7% | -214.6% |
| 2023 | $11.1B | $344M | $-449M | $716M | -5.9% | -5.1% | -1881.7% |
| 2022 | $11.7B | $831M | $25M | $89M | 0.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 11,737.10 | 11,135.10 | 10,836.90 | 10,785.40 |
| Operating Revenue | - | 11,737.10 | 11,135.10 | 10,836.90 | 10,785.40 |
| Cost Of Revenue | - | 8,793.70 | 8,429.60 | 8,150.40 | 8,210.70 |
| Gross Profit | - | 2,943.40 | 2,705.50 | 2,686.50 | 2,574.70 |
| Operating Expense | - | 2,003.40 | 2,119.70 | 1,984.80 | 2,065 |
| Selling General And Administration | - | 2,003.40 | 2,119.70 | 1,984.80 | 2,065 |
| Total Expenses | - | 10,797.10 | 10,549.30 | 10,135.20 | 10,275.70 |
| Operating Income | - | 940 | 585.80 | 701.70 | 509.70 |
| Total Operating Income As Reported | - | 244.20 | -291.90 | 693.50 | 489.80 |
| EBITDA | - | 831.30 | 343.80 | 1,329.80 | 1,139.10 |
| Normalized EBITDA | - | 1,549.80 | 1,237.20 | 1,349.20 | 1,171.70 |
| EBIT | - | 235.80 | -286.50 | 691.50 | 486.50 |
| Interest Expense | - | 51.90 | 77.50 | 48.50 | 17.80 |
| Net Interest Income | - | -51.90 | -77.50 | -48.50 | -17.80 |
| Other Non Operating Income Expenses | - | 14.30 | 21.10 | 9.20 | 9.40 |
| Other Income Expense | - | -704.20 | -872.30 | -10.20 | -23.20 |
| Interest Expense Non Operating | - | 51.90 | 77.50 | 48.50 | 17.80 |
| Net Non Operating Interest Income Expense | - | -51.90 | -77.50 | -48.50 | -17.80 |
| Pretax Income | - | 183.90 | -364 | 643 | 468.70 |
| Tax Provision | - | 158.10 | 84.90 | 128.20 | 98.80 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -150.88 | -187.61 | -3.86 | -6.88 |
| Net Income Continuous Operations | - | 25.80 | -448.90 | 514.80 | 369.90 |
| Net Income From Continuing And Discontinued Operation | - | 25.20 | -449 | 514.70 | 369.90 |
| Net Income From Continuing Operation Net Minority Interest | - | 25.20 | -449 | 514.70 | 369.90 |
| Net Income | - | 25.20 | -449 | 514.70 | 369.90 |
| Net Income Common Stockholders | - | 25.20 | -449 | 514.70 | 369.90 |
| Net Income Including Noncontrolling Interests | - | 25.80 | -448.90 | 514.80 | 369.90 |
| Normalized Income | - | 592.82 | 256.79 | 530.24 | 395.62 |
| Diluted NI Availto Com Stockholders | - | 25.20 | -449 | 514.70 | 369.90 |
| Basic Average Shares | - | 63.83 | 63.66 | 63.30 | 62.10 |
| Diluted Average Shares | - | 64.06 | 63.66 | 63.60 | 62.40 |
| Reconciled Depreciation | - | 595.50 | 630.30 | 638.30 | 652.60 |
| Reconciled Cost Of Revenue | - | 8,793.70 | 8,429.60 | 8,150.40 | 8,210.70 |
| Total Unusual Items | - | -718.50 | -893.40 | -19.40 | -32.60 |
| Total Unusual Items Excluding Goodwill | - | -718.50 | -893.40 | -19.40 | -32.60 |
| Minority Interests | - | -0.60 | -0.10 | -0.10 | 0 |
| Special Income Charges | - | -703.10 | -877.70 | -8.20 | -19.90 |
| Other Special Charges | - | 7.30 | - | - | - |
| Write Off | 0 | 0 | - | - | - |
| Impairment Of Capital Assets | - | 695.80 | 877.70 | 8.20 | 19.90 |
| Gain On Sale Of Security | - | -15.40 | -15.70 | -11.20 | -12.70 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Mohawk Industries, Inc.this co. | MHK | $6.4B | 17.34 | 0.77 | 4.4% | 7.03 |
| Life Time Group Holdings, Inc. | LTH | $7.2B | 19.39 | 2.32 | 12.0% | 14.40 |
| CarMax, Inc. | KMX | $6.7B | 26.91 | 1.13 | 4.2% | 15.58 |
| Urban Outfitters, Inc. | URBN | $6.5B | 14.06 | 2.32 | 16.5% | 9.68 |
| LKQ Corporation | LKQ | $6.4B | 10.60 |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.98 |
| 9.3% |
| 7.75 |
| Etsy, Inc. | ETSY | $6.4B | 39.04 | - | -14.8% | 21.30 |
| Caesars Entertainment, Inc. | CZR | $6.0B | -11.87 | 1.70 | -14.3% | 9.10 |
| Brinker International, Inc. | EAT | $5.9B | 15.28 | 15.78 | 103.3% | 10.46 |
| Red Rock Resorts, Inc. | RRR | $5.7B | 30.56 | 27.59 | 90.3% | 11.29 |
| Peer Median | - | 17.34 | 2.32 | 10.6% | 10.87 | |