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 |
| 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 |
| Operating Income | - | 940 | 585.80 | 701.70 | 509.70 |
| EBITDA | - | 831.30 | 343.80 | 1,329.80 | 1,139.10 |
| EBIT | - | 235.80 | -286.50 | 691.50 | 486.50 |
| Pretax Income | - | 183.90 | -364 | 643 | 468.70 |
| Tax Provision | - | 158.10 | 84.90 | 128.20 | 98.80 |
| Net Income | - | 25.20 | -449 | 514.70 | 369.90 |
| Net Income Common Stockholders | - | 25.20 | -449 | 514.70 | 369.90 |
| Total Expenses | - | 10,797.10 | 10,549.30 | 10,135.20 | 10,275.70 |
| Interest Expense | - | 51.90 | 77.50 | 48.50 | 17.80 |
| Selling General And Administration | - | 2,003.40 | 2,119.70 | 1,984.80 | 2,065 |
| Normalized EBITDA | - | 1,549.80 | 1,237.20 | 1,349.20 | 1,171.70 |
| Normalized Income | - | 592.82 | 256.79 | 530.24 | 395.62 |
| Market Cap | 6,593.44 | 6,593.44 | 6,593.44 | 6,593.44 | 6,593.44 |
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 | $6.7B | 17.82β discount | 0.79 | 4.4% | 7.19 |
| Installed Building Products, Inc. | IBP | $8.2B | 30.71 | 11.48 | 37.4% | 16.53 |
| Brinker International, Inc. | EAT | $6.2B | 15.76 | 16.28 | 103.3% | 10.72 |
| CarMax, Inc. | KMX | $5.9B | 10.84 | 0.87 | 8.0% | 13.30 |
| Acushnet Holdings Corp. | GOLF | $5.9B |
| - |
| - |
| - |
| - |
| - |
| - |
| 30.47 |
| 7.33 |
| 24.1% |
| 18.74 |
| Rush Enterprises, Inc. | RUSHA | $5.9B | 22.24 | 2.66 | 12.0% | 10.97 |
| Boot Barn Holdings, Inc. | BOOT | $5.1B | 28.36 | 4.54 | 16.0% | 18.50 |
| Atmus Filtration Technologies Inc. | ATMU | $5.1B | 24.51 | 13.43 | 54.8% | 16.56 |
| Champion Homes, Inc. | SKY | $4.7B | 23.09 | 2.97 | 12.8% | 13.33 |
| Peer Median | - | 23.80 | 5.93 | 20.0% | 14.93 | |