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Mohawk Industries, Inc.

MHK

Mohawk Industries, Inc. • NYSE
$115.90 ▲ 0.35% (+0.40)
Market Cap $7.23 B
52w High $143.13
52w Low $96.24
Dividend Yield 0%
P/E 17.25
Volume 238.34K
Outstanding Shares 62.40M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.758B ▼ $518M ▼ $108.9M ▼ 3.949% ▼ $1.75 ▼ $307.4M ▼
Q2-2025 $2.802B ▲ $525.7M ▲ $146.4M ▲ 5.225% ▲ $2.34 ▲ $341.3M ▲
Q1-2025 $2.526B ▼ $487.3M ▼ $72.6M ▼ 2.874% ▼ $1.16 ▼ $246.9M ▼
Q4-2024 $2.637B ▼ $500M ▲ $93.2M ▼ 3.534% ▼ $1.48 ▼ $277.8M ▼
Q3-2024 $2.719B $480.3M $162M 5.958% $2.57 $369.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $516.2M ▼ $13.62B ▼ $5.279B ▼ $8.336B ▲
Q2-2025 $546.7M ▼ $13.779B ▲ $5.481B ▼ $8.292B ▲
Q1-2025 $702.5M ▲ $13.409B ▲ $5.547B ▲ $7.856B ▲
Q4-2024 $666.6M ▲ $12.779B ▼ $5.222B ▼ $7.551B ▼
Q3-2024 $424M $13.313B $5.457B $7.849B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $108.8M ▼ $386.6M ▲ $-76.3M ▲ $-327.3M ▼ $-30.5M ▲ $310.3M ▲
Q2-2025 $146.5M ▲ $206.3M ▲ $-80.2M ▲ $-295.9M ▼ $-155.8M ▼ $126.1M ▲
Q1-2025 $72.6M ▼ $3.7M ▼ $-89.1M ▲ $90.8M ▲ $35.9M ▼ $-85.4M ▼
Q4-2024 $93.2M ▼ $397M ▲ $-160.8M ▼ $22.1M ▲ $242.6M ▲ $236.2M ▲
Q3-2024 $162M $319.6M $-115.4M $-270.1M $-73.4M $204.2M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Carpet And Resilient
Carpet And Resilient
 $960.00M ▲$890.00M ▼$980.00M ▲$960.00M ▼
Global Ceramic Segment
Global Ceramic Segment
 $990.00M ▲$980.00M ▼$1.10Bn ▲$1.09Bn ▼
Laminate and Wood
Laminate and Wood
 $440.00M ▲$390.00M ▼$450.00M ▲$450.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Mohawk’s income statement shows a clearly cyclical business that has gone through a tough patch and is now recovering, but not yet back to its best years. Sales have been fairly stable over the last few years, with only modest ups and downs, which suggests the company still holds its place in the market. The bigger story is in profitability: margins were strong earlier in the period, then were squeezed hard by higher costs, weaker demand, and restructuring, leading to a loss in one recent year. Since then, operating profit and net income have bounced back into positive territory, but remain below prior peaks. In plain terms, Mohawk is still selling a lot of product, but has been working through margin pressure and volatility. There are early signs that the worst may be behind it, though earnings remain sensitive to the housing cycle, renovation activity, and input costs.

Balance Sheet

Balance Sheet Mohawk’s balance sheet looks generally solid but shows some wear from recent challenging years. Total assets have edged down slightly, reflecting lower valuations or selective pruning rather than aggressive expansion. Debt was higher in the middle of the period and has since been brought down, which reduces financial risk and interest burden. Cash on hand has improved from earlier years, giving the company more flexibility, though it is not sitting on an unusually large cash cushion. Shareholders’ equity has gradually drifted lower from its prior highs, signaling that losses and weaker profitability have eroded part of the capital base. Overall, the company still appears reasonably well-capitalized with a manageable debt load, but there is less balance sheet “cushion” than a few years ago.

Cash Flow

Cash Flow Cash generation is a relative bright spot. Mohawk has consistently produced positive operating cash flow across the period, even in weaker profit years. That indicates the underlying business still converts sales into cash reasonably well. Free cash flow has also stayed positive each year, though it dipped during the more difficult period and then recovered. The company continues to invest in its plants, equipment, and technology at a steady pace, but not so aggressively that it overwhelms cash generation. In simple terms, Mohawk is still paying its own way and funding investments from its operations, which supports balance sheet stability and strategic flexibility.

Competitive Edge

Competitive Edge Mohawk holds a leading position as one of the largest flooring manufacturers globally, with meaningful advantages that support its competitive standing. Its broad product range—carpet, rugs, tile, laminate, wood, and luxury vinyl—allows it to serve many customer types, channels, and price points, reducing dependence on any single category. Strong brands like Pergo and long-standing relationships with retailers and distributors add to its staying power. A key edge is its substantial domestic manufacturing and vertically integrated operations. This provides better control over quality, costs, and supply reliability, especially when global supply chains are disrupted. Scale also helps with purchasing, logistics, and marketing efficiency. The main risks to its position are the cyclical nature of construction and remodeling, intense competition from other large flooring players and private labels, and shifting consumer preferences. Still, its size, brand portfolio, and integrated footprint form a meaningful moat.

Innovation and R&D

Innovation and R&D Innovation is one of Mohawk’s clear strengths and appears central to how it defends its moat. On the product side, the company has developed water-resistant and waterproof technologies for laminate and vinyl, more realistic visuals and textures, and easier installation systems. These features solve real customer problems—durability, appearance, and convenience—and make its offerings harder to commoditize. Mohawk is also pushing into more sustainable and differentiated materials, such as carpets made from recycled plastic bottles and flooring lines that avoid traditional PVC and use more renewable or recycled content. This aligns with growing environmental concerns among both consumers and commercial buyers. Behind the scenes, Mohawk is using automation, computer vision, and AI to improve manufacturing quality, reduce downtime, and trim costs. It is also expanding in high-growth categories like luxury vinyl and exploring new geographies. Together, this suggests an R&D and innovation agenda aimed at both defending margins and capturing emerging demand trends.

Summary

Overall, Mohawk looks like a mature, cyclical manufacturing business with a strong industry position, working through the aftermath of a difficult period and gradually rebuilding profitability. Key positives include: resilient revenue, solid and improving cash flow, a manageable debt load, strong brands, domestic and vertically integrated manufacturing, and a clear commitment to product and sustainability innovation. Key risks include: earnings volatility tied to housing and renovation cycles, margin pressure from competition and input costs, a balance sheet that has been modestly weakened by recent losses, and execution risks as it restructures, invests in new technologies, and expands in new regions and product categories. For observers, the main things to watch are whether margins keep recovering, how well Mohawk maintains pricing power and cost discipline, and whether its innovation in waterproof, sustainable, and premium flooring continues to translate into durable competitive advantages and steadier earnings over time.

NEWS

November 5, 2025 · 4:15 PM UTC

Mohawk Industries Announces Planned Leadership Transition

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October 23, 2025 · 4:15 PM UTC

Mohawk Industries Reports Q3 2025 Results

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October 1, 2025 · 4:34 PM UTC

Mohawk Industries, Inc. Invites You to Join its Third Quarter Earnings Conference Call

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