NYSE : MHK
Mohawk Industries, Inc. — Financial statements
Consumer Discretionary · Furnishings, Fixtures & Appliances · United States
Last price 139.41 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.10B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Mohawk Industries, Inc. (MHK) reported revenue of 11.21B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 11.21B | 10.79B | 10.84B | 11.14B | 11.74B | 11.20B |
| Cost of Revenue | 8.32B | 8.07B | 8.07B | 8.32B | 8.73B | 7.91B |
| Gross Profit | 2.89B | 2.72B | 2.77B | 2.81B | 3.01B | 3.29B |
| Selling, General & Admin | 2.05B | 2.00B | 1.96B | 2.00B | 1.99B | 1.93B |
| Operating Expenses | 2.05B | 2.00B | 1.96B | 2.00B | 1.99B | 1.93B |
| Operating Income | 832.90M | 713.90M | 805.70M | 809.70M | 1.02B | 1.36B |
| Interest Expense | -9.70M | -17.80M | -48.50M | -77.50M | -51.90M | -57.25M |
| Currency Exchange Gain (Loss) | -7.60M | -12.70M | -11.20M | -15.70M | -15.40M | -6.30M |
| Other Non Operating Income (Expenses) | 1.80M | 9.40M | 9.20M | 21.10M | 14.30M | 18.53M |
| EBT Excluding Unusual Items | 817.40M | 692.80M | 755.20M | 737.60M | 968.70M | 1.31B |
| Merger & Restructuring Charges | -140.50M | -153.30M | -94.10M | -136.10M | -89.00M | -23.64M |
| Asset Writedown | -19.90M | -19.90M | -8.20M | -877.70M | -695.80M | |
| Legal Settlements | -50.90M | -50.90M | -9.90M | -87.80M | ||
| Pretax Income | 606.10M | 468.70M | 643.00M | -364.00M | 183.90M | 1.29B |
| Income Tax Expense | 87.60M | 98.80M | 128.20M | 84.90M | 158.10M | 256.44M |
| Earnings From Continuing Operations | 518.50M | 369.90M | 514.80M | -448.90M | 25.80M | 1.03B |
| Minority Interest in Earnings | -100.00K | -100.00K | -100.00K | -600.00K | -389.00K | |
| Net Income | 518.40M | 369.90M | 514.70M | -449.00M | 25.20M | 1.03B |
| Net Income to Common | 518.40M | 369.90M | 514.70M | -449.00M | 25.20M | 1.03B |
| Shares Outstanding (Basic) | 60.83M | 62.10M | 63.30M | 63.70M | 63.80M | 68.85M |
| Shares Outstanding (Diluted) | 61.12M | 62.40M | 63.60M | 63.70M | 64.10M | 69.14M |
| EPS (Basic) | 8.52 | 5.96 | 8.13 | -7.05 | 0.39 | 15.01 |
| EPS (Diluted) | 8.48 | 5.93 | 8.09 | -7.05 | 0.39 | 14.94 |
| Free Cash Flow | 891.50M | 616.20M | 679.50M | 716.30M | 88.50M | 633.00M |
| Free Cash Flow Per Share | 14.59 | 9.88 | 10.68 | 11.24 | 1.38 | 9.15 |
| Gross Margin | 25.77% | 25.19% | 25.53% | 25.27% | 25.66% | 29.35% |
| Operating Margin | 7.43% | 6.62% | 7.43% | 7.27% | 8.71% | 12.13% |
| Profit Margin | 4.63% | 3.43% | 4.75% | -4.03% | 0.21% | 9.22% |
| Free Cash Flow Margin | 7.96% | 5.71% | 6.27% | 6.43% | 0.75% | 5.65% |
| EBITDA | 1.50B | 1.37B | 1.44B | 1.44B | 1.62B | 1.95B |
| EBITDA Margin | 13.40% | 12.67% | 13.33% | 12.93% | 13.78% | 17.41% |
| D&A For EBITDA | 668.80M | 652.60M | 638.30M | 630.30M | 595.50M | 591.71M |
| EBIT | 832.90M | 713.90M | 805.70M | 809.70M | 1.02B | 1.36B |
| EBIT Margin | 7.43% | 6.62% | 7.43% | 7.27% | 8.71% | 12.13% |
| Effective Tax Rate | 14.45% | 21.08% | 19.94% | 85.97% | 19.88% | |
| Advertising Expenses | 126.90M | 139.54M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 816.80M | 856.10M | 666.60M | 642.60M | 509.62M | 268.89M |
| Short-Term Investments | 158.00M | 323.00M | ||||
| Cash & Short-Term Investments | 816.80M | 856.10M | 666.60M | 642.60M | 667.62M | 591.89M |
| Accounts Receivable | 1.92B | 1.70B | 1.57B | 1.65B | 1.63B | 1.65B |
| Other Receivables | 207.50M | 223.50M | 189.30M | 225.20M | 279.44M | 191.55M |
| Receivables | 2.12B | 1.92B | 1.76B | 1.87B | 1.90B | 1.84B |
| Inventory | 2.59B | 2.66B | 2.51B | 2.55B | 2.79B | 2.39B |
| Prepaid Expenses | 531.00M | 512.20M | 490.20M | 515.80M | 498.22M | 394.65M |
| Other Current Assets | 8.80M | 13.00M | 22.30M | 19.30M | 30.70M | 20.16M |
| Total Current Assets | 6.07B | 5.97B | 5.45B | 5.60B | 5.90B | 5.24B |
| Property, Plant & Equipment | 4.90B | 5.18B | 4.95B | 5.42B | 5.05B | 5.03B |
| Goodwill | 1.17B | 1.21B | 1.11B | 1.16B | 1.93B | 2.61B |
| Other Intangible Assets | 782.50M | 813.20M | 791.90M | 875.30M | 857.95M | 899.98M |
| Long-Term Deferred Tax Assets | 434.10M | 457.20M | 362.40M | 432.10M | 331.62M | 401.80M |
| Long-Term Deferred Charges | 73.10M | 58.80M | 61.40M | 66.70M | 59.02M | 49.64M |
| Total Assets | 13.44B | 13.69B | 12.74B | 13.56B | 14.12B | 14.22B |
| Accounts Payable | 1.20B | 1.09B | 978.50M | 1.04B | 1.09B | 1.23B |
| Accrued Expenses | 1.22B | 1.20B | 994.90M | 957.50M | 989.19M | 940.58M |
| Short-Term Debt | 35.00M | 266.60M | 535.40M | 828.81M | 613.86M | |
| Current Portion of Long-Term Debt | 586.90M | 3.60M | 985.60M | 1.08M | ||
| Current Portion of Leases | 116.70M | 145.10M | 128.90M | 125.00M | 117.03M | 113.99M |
| Other Current Liabilities | 24.70M | 26.00M | 31.00M | 39.80M | 41.22M | 48.22M |
| Total Current Liabilities | 3.18B | 2.72B | 2.67B | 3.15B | 3.07B | 2.95B |
| Long-Term Debt | 1.07B | 1.68B | 1.62B | 1.65B | 1.94B | 1.66B |
| Long-Term Leases | 399.90M | 364.50M | 344.80M | 392.60M | 336.42M | 335.78M |
| Pension & Post-Retirement Benefits | 6.00M | 4.45M | 6.34M | |||
| Long-Term Deferred Tax Liabilities | 129.30M | 185.40M | 255.20M | 391.50M | 444.66M | 495.52M |
| Other Long-Term Liabilities | 347.10M | 355.50M | 333.80M | 348.00M | 308.42M | 350.41M |
| Total Liabilities | 5.13B | 5.31B | 5.22B | 5.93B | 6.10B | 5.80B |
| Common Stock | 700.00K | 700.00K | 700.00K | 700.00K | 709.00K | 729.00K |
| Additional Paid-In Capital | 2.01B | 1.99B | 1.97B | 1.95B | 1.93B | 1.91B |
| Retained Earnings | 7.59B | 7.50B | 7.28B | 6.97B | 7.41B | 7.69B |
| Treasury Stock | -215.00M | -215.20M | -215.30M | -215.30M | -215.49M | -215.55M |
| Comprehensive Income & Other | -1.08B | -907.90M | -1.53B | -1.08B | -1.11B | -966.95M |
| Total Common Equity | 8.30B | 8.37B | 7.51B | 7.62B | 8.01B | 8.42B |
| Minority Interest | 4.10M | 5.40M | 5.50M | 6.00M | 6.41M | 6.79M |
| Shareholders' Equity | 8.31B | 8.38B | 7.51B | 7.63B | 8.02B | 8.43B |
| Total Liabilities & Equity | 13.44B | 13.69B | 12.74B | 13.56B | 14.12B | 14.22B |
| Total Debt | 2.21B | 2.46B | 2.63B | 3.15B | 3.22B | 2.73B |
| Net Cash (Debt) | -1.39B | -1.60B | -1.96B | -2.51B | -2.55B | -2.13B |
| Net Cash Per Share | -22.79 | -25.66 | -30.84 | -39.36 | -39.83 | -30.87 |
| Filing Date Shares Outstanding | 58.13M | 61.46M | 62.59M | 63.70M | 63.54M | 65.07M |
| Total Common Shares Outstanding | 58.50M | 61.50M | 62.60M | 63.69M | 63.53M | 65.61M |
| Working Capital | 2.89B | 3.25B | 2.78B | 2.46B | 2.82B | 2.29B |
| Book Value Per Share | 141.92 | 136.15 | 119.96 | 119.70 | 126.10 | 128.36 |
| Tangible Book Value | 6.35B | 6.35B | 5.61B | 5.59B | 5.23B | 4.91B |
| Tangible Book Value Per Share | 108.53 | 103.25 | 89.54 | 87.74 | 82.25 | 74.89 |
| Land | 535.30M | 485.50M | 519.20M | 466.82M | 465.24M | |
| Buildings | 2.25B | 2.05B | 2.11B | 1.85B | 1.86B | |
| Machinery | 7.58B | 6.95B | 6.95B | 6.47B | 6.18B | |
| Construction In Progress | 556.60M | 545.90M | 703.00M | 749.18M | 638.72M | |
| Leasehold Improvements | 113.70M | 107.50M | 110.10M | 107.08M | 102.77M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 518.40M | 369.90M | 514.70M | -449.00M | 25.20M | 1.03B |
| Depreciation & Amortization | 668.80M | 652.60M | 638.30M | 630.30M | 716.20M | 591.71M |
| Loss (Gain) From Sale of Assets | 5.20M | -14.20M | 13.80M | -100.00K | 700.00K | 5.46M |
| Asset Writedown & Restructuring Costs | 89.80M | 120.70M | 68.20M | 960.40M | 743.50M | 10.78M |
| Stock-Based Compensation | 30.10M | 30.00M | 27.50M | 20.90M | 22.40M | 25.65M |
| Other Operating Activities | -107.00M | -131.80M | -58.10M | -109.80M | -171.20M | -4.54M |
| Change in Accounts Receivable | 57.20M | -16.60M | -46.20M | 160.10M | -84.40M | -207.05M |
| Change in Inventory | 72.20M | -28.30M | -79.10M | 281.30M | -409.60M | -519.23M |
| Change in Accounts Payable | 60.40M | 71.50M | 43.80M | -194.00M | -94.10M | 360.79M |
| Change in Other Net Operating Assets | -37.70M | 2.40M | 11.00M | 29.10M | -79.50M | 12.38M |
| Operating Cash Flow | 1.36B | 1.06B | 1.13B | 1.33B | 669.20M | 1.31B |
| Capital Expenditures | -465.90M | -440.00M | -454.40M | -612.90M | -580.70M | -676.12M |
| Cash Acquisitions | -6.90M | -6.90M | -515.40M | -209.60M | -123.97M | |
| Divestitures | 11.70M | 5.00M | ||||
| Investment in Securities | 158.00M | 165.00M | 243.34M | |||
| Investing Cash Flow | -461.10M | -441.90M | -454.40M | -970.30M | -625.30M | -556.75M |
| Short-Term Debt Issued | 7.73B | 10.69B | 15.58B | 19.63B | 1.19B | |
| Long-Term Debt Issued | 526.30M | 287.50M | 1.67B | 913.00M | ||
| Total Debt Issued | 10.59B | 8.26B | 10.98B | 17.25B | 20.55B | 1.19B |
| Short-Term Debt Repaid | -8.01B | -10.16B | -16.40B | -19.41B | -573.00M | |
| Long-Term Debt Repaid | -526.80M | -1.27B | -1.02B | -605.00M | -932.25M | |
| Total Debt Repaid | -10.71B | -8.54B | -11.42B | -17.42B | -20.02B | -1.51B |
| Net Debt Issued (Repaid) | -117.10M | -281.10M | -442.50M | -166.00M | 527.90M | -320.24M |
| Repurchase of Common Stock | -426.60M | -149.80M | -162.80M | -307.60M | -900.33M | |
| Other Financing Activities | -39.50M | -39.10M | -24.20M | -44.60M | -26.00M | -11.66M |
| Financing Cash Flow | -583.20M | -470.00M | -629.50M | -210.60M | 194.30M | -1.23B |
| Foreign Exchange Rate Adjustments | -12.50M | 45.20M | -26.00M | -15.30M | 2.50M | -19.87M |
| Net Cash Flow | 300.60M | 189.50M | 24.00M | 133.00M | 240.70M | -499.73M |
| Free Cash Flow | 891.50M | 616.20M | 679.50M | 716.30M | 88.50M | 633.00M |
| Free Cash Flow Margin | 7.96% | 5.71% | 6.27% | 6.43% | 0.75% | 5.65% |
| Free Cash Flow Per Share | 14.59 | 9.88 | 10.68 | 11.24 | 1.38 | 9.15 |
| Levered Free Cash Flow | 1.05B | 660.86M | 827.25M | 672.55M | 90.04M | 452.91M |
| Unlevered Free Cash Flow | 1.05B | 671.99M | 857.56M | 720.99M | 122.48M | 488.69M |
| Cash Income Tax Paid | 197.70M | 158.30M | 137.50M | 187.00M | 248.70M | 323.72M |
| Change in Working Capital | 152.10M | 29.00M | -70.50M | 276.50M | -667.60M | -353.11M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.10B | 6.76B | 7.52B | 6.59B | 6.49B | 12.34B |
| Enterprise Value | 9.50B | 8.58B | 9.69B | 9.10B | 9.04B | 13.91B |
| Last Close Price | 139.41 | 109.30 | 119.13 | 103.50 | 102.22 | 182.18 |
| PE Ratio | 16.44 | 18.27 | 14.61 | 257.72 | 11.94 | |
| Forward PE | 15.17 | 11.12 | 11.52 | 10.73 | 10.53 | 12.08 |
| PS Ratio | 0.72 | 0.63 | 0.69 | 0.59 | 0.55 | 1.10 |
| PB Ratio | 0.98 | 0.81 | 1.00 | 0.86 | 0.81 | 1.46 |
| P/TBV Ratio | 1.28 | 1.06 | 1.34 | 1.18 | 1.24 | 2.51 |
| P/FCF Ratio | 9.09 | 10.97 | 11.07 | 9.20 | 73.38 | 19.49 |
| P/OCF Ratio | 5.97 | 6.40 | 6.63 | 4.96 | 9.71 | 9.43 |
| PEG Ratio | 2.13 | 2.02 | 1.22 | 1.63 | 1.63 | 0.62 |
| EV/Sales Ratio | 0.85 | 0.80 | 0.89 | 0.82 | 0.77 | 1.24 |
| EV/EBITDA Ratio | 6.32 | 6.28 | 6.71 | 6.32 | 5.59 | 7.13 |
| EV/EBIT Ratio | 11.40 | 12.03 | 12.03 | 11.24 | 8.85 | 10.24 |
| EV/FCF Ratio | 10.65 | 13.93 | 14.27 | 12.70 | 102.14 | 21.98 |
| Debt / Equity Ratio | 0.27 | 0.29 | 0.35 | 0.41 | 0.40 | 0.32 |
| Debt / EBITDA Ratio | 1.28 | 1.55 | 1.58 | 1.90 | 1.76 | 1.27 |
| Debt / FCF Ratio | 2.48 | 3.99 | 3.87 | 4.40 | 36.39 | 4.31 |
| Net Debt / Equity Ratio | 0.17 | 0.19 | 0.26 | 0.33 | 0.32 | 0.25 |
| Net Debt / EBITDA Ratio | 0.93 | 1.17 | 1.36 | 1.74 | 1.58 | 1.09 |
| Net Debt / FCF Ratio | 1.56 | 2.60 | 2.89 | 3.50 | 28.85 | 3.37 |
| Asset Turnover | 0.83 | 0.82 | 0.82 | 0.81 | 0.83 | 0.79 |
| Inventory Turnover | 3.15 | 3.12 | 3.19 | 3.11 | 3.37 | 3.68 |
| Quick Ratio | 0.93 | 1.02 | 0.91 | 0.80 | 0.84 | 0.82 |
| Current Ratio | 1.91 | 2.19 | 2.04 | 1.78 | 1.92 | 1.78 |
| Return on Equity (ROE) | 6.23% | 4.66% | 6.80% | -5.74% | 0.31% | 12.18% |
| Return on Assets (ROA) | 3.85% | 3.38% | 3.83% | 3.66% | 4.51% | 5.95% |
| Return on Invested Capital (ROIC) | 7.21% | 5.79% | 6.58% | 7.82% | 1.36% | 10.45% |
| Return on Capital Employed (ROCE) | 8.10% | 6.50% | 8.00% | 7.80% | 9.20% | 12.00% |
| Earnings Yield | 6.08% | 5.47% | 6.84% | -6.81% | 0.39% | 8.37% |
| FCF Yield | 11.00% | 9.12% | 9.04% | 10.87% | 1.36% | 5.13% |
| Buyback Yield / Dilution | 2.51% | 1.89% | 0.16% | 0.62% | 7.30% | 3.16% |