A Business at a Glance
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MOHAWK INDUSTRIES INC
MHK
$7.1B
Mkt Cap
$113.27
+2.96%
MOHAWK INDUSTRIES INC (MHK) has a current P/E ratio of 19.1, compared to its historical median P/E of 15.4. The stock is currently considered Expensive based on its historical valuation range.
MOHAWK INDUSTRIES INC (MHK) has a 5-year average return on invested capital (ROIC) of 1.8%. This is below average and may indicate limited pricing power.
MOHAWK INDUSTRIES INC (MHK) has a market capitalization of $7.7B. It is classified as a mid-cap stock.
MOHAWK INDUSTRIES INC (MHK) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.44%.
Based on historical P/E analysis, MOHAWK INDUSTRIES INC (MHK) appears expensive. The current P/E of 19.1 is 24% above its historical median of 15.4. The estimated fair value CAGR (P/E method) is -10.9%.
MOHAWK INDUSTRIES INC (MHK) operates in the Carpets & Rugs industry, within the Consumer Cyclical sector.
MOHAWK INDUSTRIES INC (MHK) reported annual revenue of $10.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Unless this Form 10-K indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Mohawk,” or “the Company” as used in this Form 10-K refer to Mohawk Industries, Inc. Mohawk is a leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world. The Company’s vertically integrated manufacturing and distribution processes provide competitive advantages in ceramic tile, carpet, rugs, laminate, wood, stone, luxury vinyl tile (“LVT”), hybrid and sheet vinyl flooring. The Company’s industry-leading innovation develops products and technologies that differentiate its brands in the marketplace and satisfy all flooring-related remodeling and new construction requirements.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 11.0B | 10.8B | 10.8B | 11.1B | 11.7B | 11.2B |
| Net Income | 414M | 370M | 515M | -449M | 25M | 1.0B |
| EPS | $6.00 | $5.93 | $8.09 | $-7.05 | $0.39 | $14.94 |
| Free Cash Flow | 709M | 616M | 680M | 716M | 89M | 633M |
| ROIC | 3.4% | 2.1% | 2.4% | -4.6% | 0.7% | 8.3% |
| Gross Margin | 24.0% | 23.9% | 24.8% | 24.3% | 25.1% | 29.2% |
| Debt/Equity | 0.61 | 1.22 | 1.77 | 2.46 | 2.85 | 0.46 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 506M | 490M | 694M | -292M | 244M | 1.3B |
| Operating Margin | 4.6% | 4.5% | 6.4% | -2.6% | 2.1% | 11.9% |
| ROE | 4.9% | 4.7% | 6.8% | -5.7% | 0.3% | 12.2% |
| Shares Outstanding | 68M | 62M | 64M | 64M | 65M | 69M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | 8.1B | 9.0B | 9.5B | 10.0B | 10.0B | 9.6B | 11.2B | 11.7B | 11.1B | 10.8B | 10.8B | 11.0B |
| Gross Margin | N/A | 29.9% | 31.4% | 31.6% | 28.4% | 26.8% | 25.4% | 29.2% | 25.1% | 24.3% | 24.8% | 23.9% | 24.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.4B | 1.6B | 1.5B | 1.6B | 1.7B | 1.8B | 1.8B | 1.9B | 2.0B | 2.1B | 2.0B | 2.1B | 2.1B |
| EBIT | 773M | 838M | 1.3B | 1.4B | 1.1B | 827M | 636M | 1.3B | 244M | -292M | 694M | 490M | 506M |
| Op. Margin | N/A | 10.4% | 14.3% | 14.3% | 11.0% | 8.3% | 6.7% | 11.9% | 2.1% | -2.6% | 6.4% | 4.5% | 4.6% |
| Net Income | 532M | 615M | 930M | 972M | 858M | 744M | 516M | 1.0B | 25M | -449M | 515M | 370M | 414M |
| Net Margin | N/A | 7.6% | 10.4% | 10.2% | 8.6% | 7.5% | 5.4% | 9.2% | 0.2% | -4.0% | 4.7% | 3.4% | 3.8% |
| Non-Recurring | 14M | 33M | 35M | 33M | 59M | 89M | 119M | 14M | 765M | 987M | 79M | 167M | 165M |
| Returns on Capital | |||||||||||||
| ROIC | 5.9% | 7.0% | 3.6% | 3.7% | 3.5% | 3.1% | 2.8% | 8.3% | 0.7% | -4.6% | 2.4% | 2.1% | 3.4% |
| ROE | 12.0% | 12.7% | 17.5% | 15.1% | 11.8% | 9.6% | 6.2% | 12.2% | 0.3% | -5.7% | 6.8% | 4.7% | 4.9% |
| ROA | 6.3% | 6.2% | 9.2% | 8.7% | 6.8% | 5.6% | 3.7% | 7.2% | 0.2% | -3.2% | 3.9% | 2.8% | 3.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 662M | 912M | 1.3B | 1.2B | 1.2B | 1.4B | 1.8B | 1.3B | 669M | 1.3B | 1.1B | 1.1B | 1.2B |
| Free Cash Flow | 100M | 408M | 673M | 288M | 387M | 873M | 1.3B | 633M | 89M | 716M | 680M | 616M | 709M |
| Owner Earnings | 289M | 517M | 901M | 711M | 628M | 819M | 1.1B | 692M | 51M | 678M | 468M | 374M | 449M |
| CapEx | 562M | 504M | 672M | 906M | 794M | 545M | 426M | 676M | 581M | 613M | 454M | 440M | 453M |
| Maint. CapEx | 346M | 363M | 409M | 447M | 522M | 576M | 608M | 592M | 596M | 630M | 638M | 653M | 684M |
| Growth CapEx | 216M | 141M | 263M | 459M | 272M | 0 | 0 | 84M | 0 | 0 | 0 | 0 | 0 |
| D&A | 346M | 363M | 409M | 447M | 522M | 576M | 608M | 592M | 596M | 630M | 638M | 653M | 684M |
| CapEx/OCF | 84.8% | 55.2% | 50.0% | 75.9% | 67.2% | 38.4% | 24.0% | 51.6% | 86.8% | 46.1% | 40.1% | 41.7% | 39.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 274M | 100M | 189M | 900M | 308M | 0 | 163M | 150M | 189M |
| Buyback Yield | N/A | N/A | N/A | N/A | 3.1% | 1.0% | 1.9% | 7.4% | 4.9% | N/A | 2.2% | 2.2% | 2.4% |
| Stock-Based Comp | 28M | 33M | 35M | 36M | 31M | 24M | 20M | 26M | 22M | 21M | 28M | 30M | 30M |
| Debt Repayment | 1.6B | 1.4B | 707M | 455M | 813M | 489M | 633M | 0 | 2.5M | 1.0B | 353M | 527M | 527M |
| Balance Sheet | |||||||||||||
| Net Debt | 9.9B | 5.0B | 22.7B | 18.4B | 19.5B | 17.3B | 5.9B | 3.3B | 22.2B | 18.1B | 12.7B | 9.3B | 4.3B |
| Cash & Equiv. | 98M | 82M | 122M | 85M | 119M | 135M | 769M | 269M | 510M | 643M | 667M | 856M | 872M |
| Long-Term Debt | 1.4B | 1.2B | 1.1B | 1.6B | 1.5B | 1.5B | 2.4B | 1.7B | 2.0B | 1.7B | 1.7B | 1.7B | 1.7B |
| Debt/Equity | 2.26 | 1.07 | 3.95 | 2.62 | 2.72 | 2.15 | 0.85 | 0.46 | 2.85 | 2.46 | 1.77 | 1.22 | 0.61 |
| Interest Coverage | 7.9 | 11.8 | 31.6 | 43.5 | 28.2 | 20.0 | 12.1 | 23.3 | 4.7 | -3.8 | 14.3 | 27.5 | 27.5 |
| Equity | 4.4B | 4.9B | 5.8B | 7.1B | 7.4B | 8.1B | 8.5B | 8.4B | 8.0B | 7.6B | 7.5B | 8.4B | 8.4B |
| Total Assets | 8.3B | 9.9B | 10.2B | 12.1B | 13.1B | 13.4B | 14.3B | 14.2B | 14.1B | 13.5B | 12.7B | 13.7B | 13.8B |
| Total Liabilities | 3.9B | 5.1B | 4.4B | 5.0B | 5.7B | 5.3B | 5.8B | 5.8B | 6.1B | 5.9B | 5.2B | 5.3B | 5.4B |
| Intangibles | 79M | 304M | 254M | 248M | 254M | 226M | 224M | 205M | 190M | 170M | 134M | 117M | 109M |
| Retained Earnings | 3.5B | 4.1B | 5.0B | 6.0B | 6.6B | 7.2B | 7.6B | 7.7B | 7.4B | 7.0B | 7.3B | 7.5B | 7.6B |
| Working Capital | 1.0B | -9.1M | 753M | 1.4B | 1.2B | 1.7B | 3.0B | 2.3B | 2.8B | 2.5B | 2.8B | 3.2B | 3.3B |
| Current Assets | 3.0B | 3.2B | 3.5B | 4.1B | 4.5B | 4.4B | 5.4B | 5.2B | 5.9B | 5.6B | 5.5B | 6.0B | 6.2B |
| Current Liabilities | 1.9B | 3.3B | 2.7B | 2.7B | 3.3B | 2.7B | 2.4B | 2.9B | 3.1B | 3.1B | 2.7B | 2.7B | 2.9B |
| Per Share Data | |||||||||||||
| EPS | 7.25 | 8.31 | 12.48 | 12.98 | 11.47 | 10.30 | 7.22 | 14.94 | 0.39 | -7.05 | 8.09 | 5.93 | 6.00 |
| Owner EPS | 3.93 | 6.98 | 12.08 | 9.49 | 8.40 | 11.33 | 16.00 | 10.00 | 0.79 | 10.65 | 7.36 | 5.99 | 6.56 |
| Book Value | 60.21 | 65.56 | 77.50 | 94.31 | 99.40 | 112.38 | 119.51 | 121.78 | 123.50 | 119.69 | 118.03 | 134.24 | 122.45 |
| Cash Flow/Share | 9.02 | 12.32 | 18.05 | 15.95 | 15.80 | 19.64 | 24.78 | 18.93 | 10.32 | 20.87 | 17.82 | 16.93 | 16.06 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 73.4M | 74.0M | 74.5M | 74.9M | 74.8M | 72.3M | 71.4M | 69.2M | 64.9M | 63.7M | 63.6M | 62.4M | 68.4M |
| Valuation | |||||||||||||
| P/E Ratio | 21.4 | 22.9 | 16.2 | 21.3 | 10.2 | 13.1 | 19.5 | 11.8 | 247.1 | N/A | 14.7 | 18.6 | 18.9 |
| P/FCF | 113.5 | 34.5 | 22.3 | 71.9 | 22.6 | 11.1 | 7.5 | 19.2 | 70.6 | 9.3 | 11.1 | 11.2 | 10.9 |
| EV/EBIT | 18.5 | 22.8 | 14.6 | 18.1 | 12.4 | 15.9 | 18.6 | 10.9 | 37.8 | N/A | 13.0 | 15.3 | 23.7 |
| Price/Book | 2.6 | 2.9 | 2.6 | 2.9 | 1.2 | 1.2 | 1.2 | 1.4 | 0.8 | 0.9 | 1.0 | 0.8 | 0.9 |
| Price/Sales | 1.3 | 1.7 | 1.6 | 1.9 | 1.5 | 1.0 | 0.8 | 1.1 | 0.7 | 0.6 | 0.8 | 0.7 | 0.7 |
| FCF Yield | 0.9% | 2.9% | 4.5% | 1.4% | 4.4% | 9.0% | 13.4% | 5.2% | 1.4% | 10.7% | 9.0% | 9.0% | 9.2% |
| Market Cap | 11.4B | 14.1B | 15.0B | 20.7B | 8.8B | 9.7B | 10.0B | 12.2B | 6.2B | 6.7B | 7.6B | 6.9B | 7.7B |
| Avg. Price | 139.75 | 186.76 | 192.75 | 242.71 | 202.07 | 133.13 | 103.97 | 185.13 | 125.08 | 98.78 | 128.30 | 115.67 | 113.27 |
| Year-End Price | 155.30 | 190.44 | 201.77 | 276.14 | 117.20 | 134.42 | 140.49 | 175.81 | 96.36 | 104.87 | 118.82 | 110.23 | 113.27 |
MOHAWK INDUSTRIES INC passes 1 of 9 quality checks, indicating weak fundamentals.
MOHAWK INDUSTRIES INC trades at 19.1x trailing earnings, compared to its 15-year median P/E of 15.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 11.3x vs a median of 15.2x. The company's 5-year average ROIC is 1.8% with a gross margin of 25.4%. Total shareholder yield (buybacks) is 2.4%. At current prices, the estimated annualized return to fair value is -3.5%.
MOHAWK INDUSTRIES INC (MHK) has a net profit margin of 3.4%. This is a modest margin.
MOHAWK INDUSTRIES INC (MHK) generated $616 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MOHAWK INDUSTRIES INC (MHK) has a debt-to-equity ratio of 1.22. This indicates moderate leverage.
MOHAWK INDUSTRIES INC (MHK) reported earnings per share (EPS) of $5.93 in its most recent fiscal year.
MOHAWK INDUSTRIES INC (MHK) has a return on equity (ROE) of 4.7%. This indicates moderate shareholder returns.
MOHAWK INDUSTRIES INC (MHK) has a 5-year average gross margin of 25.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for MOHAWK INDUSTRIES INC (MHK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MOHAWK INDUSTRIES INC (MHK) has a book value per share of $134.24, based on its most recent annual SEC filing.