MOHAWK INDUSTRIES INC MHK

Consumer discretionary SIC 2273 - Carpets & Rugs NAICS Manufacturing › Textile Product Mills › Textile Furnishings Mills › Carpet and Rug Mills derived 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 124.72 2026-10-23
Market cap $8.45B 2026-07-04 share count
52-week range 92.99 - 140.30

Valuation FY2025 figures against the last close

P/S0.8x
P/E21.0x
P/FCF13.7x
EV/EBITDA8.4x
Dividend yield—
Diluted EPS5.93

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Europe
  • Other
  • Latin America
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 5.8B (53.9%) 54% United States Europe, FY2025: 3.4B (31.2%) 31% Europe Other, FY2025: 876.9M (8.1%) 8% Other Latin America, FY2025: 728M (6.7%) 7% FY2024 United States, FY2024: 5.9B (54.8%) 55% Europe, FY2024: 3.2B (29.5%) 29% Other, FY2024: 952.6M (8.8%) 9% Latin America, FY2024: 750.5M (6.9%) 7% FY2023 United States, FY2023: 6B (54.2%) 54% Europe, FY2023: 3.4B (30.4%) 30% Other, FY2023: 946.3M (8.5%) 8% Latin America, FY2023: 767.8M (6.9%) 7%
Region FY2025FY2024FY2023
United States $5.81B $5.94B $6.04B
Europe $3.37B $3.19B $3.38B
Other $876.9M $952.6M $946.3M
Latin America $728.0M $750.5M $767.8M

As the company reported it, from the “Revenue from Contracts with Customers - Summary of Disaggregated Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

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.) 62.4M63.6M63.7M64.1M69.1M71.4M72.3M74.8M74.8M74.6M

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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 9B Gross profit, FY2016: 2.8B Net income, FY2016: 930.4M Revenue, FY2017: 9.5B Gross profit, FY2017: 3B Net income, FY2017: 971.6M Revenue, FY2018: 10B Gross profit, FY2018: 2.8B Net income, FY2018: 861.7M Revenue, FY2019: 10B Gross profit, FY2019: 2.7B Net income, FY2019: 744.2M Revenue, FY2020: 9.6B Gross profit, FY2020: 2.4B Net income, FY2020: 515.6M Revenue, FY2021: 11.2B Gross profit, FY2021: 3.3B Net income, FY2021: 1B Revenue, FY2022: 11.7B Gross profit, FY2022: 2.9B Net income, FY2022: 25.2M Revenue, FY2023: 11.1B Gross profit, FY2023: 2.7B Net income, FY2023: -449M Revenue, FY2024: 10.8B Gross profit, FY2024: 2.7B Net income, FY2024: 514.7M Revenue, FY2025: 10.8B Gross profit, FY2025: 2.6B Net income, FY2025: 369.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $8.96B $9.49B $9.98B $9.97B $9.55B $11.20B $11.74B $11.14B $10.84B $10.79B
Gross profit $2.81B $3.00B $2.84B $2.68B $2.43B $3.27B $2.94B $2.71B $2.69B $2.57B
Net income $930.4M $971.6M $861.7M $744.2M $515.6M $1.03B $25.2M -$449.0M $514.7M $369.9M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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