MOHAWK INDUSTRIES INC MHK

Consumer discretionary SIC 2273 - Carpets & Rugs NYSE

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. The Company's brands are among the most recognized in the industry and include American Olean®, Daltile®, Decortiles®, Durkan®, Eliane®, Elizabeth®, Feltex®, Godfrey Hirst®, IVC Home®, Karastan®, Kerama Marazzi®, Marazzi®, Moduleo®, Mohawk®, Pergo®, Quick-Step®, Unilin® and Vitromex®. During the past two decades, the Company has transformed its business from an American carpet manufacturer into the world's largest flooring company with operations in Asia, Europe, North America, Oceania and South America. The Company had annual net sales in 2025 of $10.8 billion. Approximately 54% of this amount was generated by sales in the United States, and approximately 46% was generated by sales outside the United States. The Company has three reporting segments: Global Ceramic, Flooring North America ("Flooring NA") and Flooring Rest of the World ("Flooring ROW") with their 2025 net sales representing 40%, 34% and 26%, respectively, of the Company's total revenue. Selected financial information for the three segments, geographic net sales and the location of long-lived assets are set forth in Note 17, Segment Reporting.

Last close 133.63 2026-09-04
Market cap $9.05B 2026-07-04 share count
52-week range 92.99 - 140.30

Valuation FY2025 figures against the last close

P/S0.8x
P/E22.5x
P/FCF14.7x
EV/EBITDA9.0x
Dividend yield
Diluted EPS5.93

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $10.79B$10.84B$11.14B$11.74B$11.20B$9.55B$9.97B$9.98B$9.49B$8.96B
Cost of revenue $8.21B$8.15B$8.43B$8.79B$7.93B$7.12B$7.29B$7.15B$6.49B$6.15B
Gross profit $2.57B$2.69B$2.71B$2.94B$3.27B$2.43B$2.68B$2.84B$3.00B$2.81B
SG&A $2.06B$1.98B$2.12B$2.00B$1.93B$1.79B$1.85B$1.74B$1.64B$1.53B
Total operating expenses $103.4M$58.5M$133.9M
Operating income $489.8M$693.5M-$291.9M$244.2M$1.34B$636.0M$827.2M$1.10B$1.35B$1.28B
Interest expense $17.8M$48.5M$77.5M$51.9M$57.3M$52.4M$41.3M$38.8M$31.1M$40.5M
Pre-tax income $468.7M$643.0M-$364.0M$183.9M$1.29B$584.4M$749.5M$1.05B$1.32B$1.24B
Income tax $98.8M$128.2M$84.9M$158.1M$256.4M$68.6M$5.0M$184.3M$343.2M$307.6M
Net income $369.9M$514.7M-$449.0M$25.2M$1.03B$515.6M$744.2M$861.7M$971.6M$930.4M
EPS, basic 5.968.13-7.050.4015.017.2410.3411.5313.0712.55
EPS, diluted 5.938.09-7.050.3914.947.2210.3011.4712.9812.48
Shares, diluted (wtd. avg.) $62.4M$63.6M$63.7M$64.1M$69.1M$71.4M$72.3M$74.8M$74.8M$74.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $856.1M$666.6M$642.6M$509.6M$268.9M$768.6M$134.8M$119.0M$84.9M$121.7M
Short-term investments $0$0$0$158.0M$323.0M$571.7M$42.5M
Receivables $1.92B$1.76B$1.87B$1.90B$1.84B$1.71B$1.53B$1.61B$1.56B$1.38B
Inventory $2.66B$2.51B$2.55B$2.79B$2.39B$1.91B$2.28B$2.29B$1.95B$1.68B
Total current assets $5.97B$5.45B$5.60B$5.90B$5.24B$5.36B$4.43B$4.51B$4.07B$3.47B
Property, plant and equipment $4.77B$4.58B$4.99B$4.66B$4.64B$4.59B$4.70B$4.70B$4.27B$3.37B
Goodwill $1.21B$1.11B$1.16B$1.93B$2.61B$2.65B$2.57B$2.52B$2.47B$2.27B
Other intangibles $117.4M$134.1M$169.6M$189.6M$205.1M$224.3M$226.1M$254.4M$247.6M$254.5M
Total assets $13.69B$12.74B$13.52B$14.12B$14.22B$14.33B$13.39B$13.10B$12.09B$10.23B
Accounts payable $2.31B$2.00B$2.04B$2.12B$2.22B$1.90B$1.56B$1.52B$1.45B$1.34B
Short-term debt $289.3M$559.4M$1.00B$840.6M$624.5M$377.3M$1.05B$1.74B$1.20B$1.38B
Total current liabilities $2.72B$2.67B$3.15B$3.07B$2.95B$2.37B$2.71B$3.27B$2.66B$2.72B
Long-term debt $1.74B$1.68B$1.70B$1.98B$1.70B$2.36B$1.52B$1.52B$1.56B$1.13B
Total liabilities $5.31B$5.22B$5.93B$6.10B$5.80B$5.79B$5.26B$5.66B$5.00B$4.42B
Retained earnings $7.50B$7.28B$6.97B$7.41B$7.69B$7.56B$7.23B$6.59B$6.00B$5.03B
Total equity $8.37B$7.51B$7.59B$7.99B$8.43B$8.54B$8.13B$7.44B$7.07B$5.78B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.06B$1.13B$1.33B$669.2M$1.31B$1.77B$1.42B$1.18B$1.19B$1.35B
Depreciation and amortisation $652.6M$638.3M$630.3M$595.5M$591.7M$607.5M$576.5M$521.8M$446.7M$409.5M
Stock-based compensation $30.0M$27.5M$20.9M$22.4M$25.7M$19.7M$23.6M$31.4M$36.3M$35.1M
Capital expenditure $440.0M$454.4M$612.9M$580.7M$676.1M$425.6M$545.5M$794.1M$906.0M$672.1M
Investing cash flow -$441.9M-$454.4M-$970.3M-$625.3M-$556.8M-$954.8M-$616.0M-$1.33B-$1.24B-$672.1M
Financing cash flow -$470.0M-$629.5M-$210.6M$194.3M-$1.23B-$188.2M-$789.9M$198.0M-$7.0M-$641.6M
Buybacks $149.8M$162.8M$0$307.6M$900.3M$188.6M$100.1M$274.1M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000851968-26-000011.

Others in SIC 2273

TickerCompanyMarket capP/ERevenue growth
TILE INTERFACE INC $2.15B 19.0x 5.4%