Mohawk Inds Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mohawk Inds has an operating margin of 6.4%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 32/100, indicating healthy but not exceptional operating efficiency. This is up from -2.6% the prior year.
Mohawk Inds's revenue declined 2.7% year-over-year, from $11.1B to $10.8B. This contraction results in a growth score of 21/100.
Mohawk Inds carries a low D/E ratio of 0.22, meaning only $0.22 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Mohawk Inds's current ratio of 2.06 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.
Mohawk Inds has a free cash flow margin of 6.3%, earning a moderate score of 31/100. The company generates positive cash flow after capital investments, but with room for improvement.
Mohawk Inds generates a 6.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 27/100.
Mohawk Inds scores 3.04, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Mohawk Inds passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Mohawk Inds generates $2.19 in operating cash flow ($1.1B OCF vs $517.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Mohawk Inds earns $14.3 in operating income for every $1 of interest expense ($694.7M vs $48.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Mohawk Inds (MHK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Mohawk Inds generated $10.8B in revenue in fiscal year 2024. This represents a decrease of 2.7% from the prior year.
Mohawk Inds's EBITDA was $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 289.2% from the prior year.
Mohawk Inds generated $679.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 5.1% from the prior year.
Mohawk Inds reported $517.7M in net income in fiscal year 2024. This represents an increase of 217.8% from the prior year.
Mohawk Inds earned $8.14 per diluted share (EPS) in fiscal year 2024. This represents an increase of 218.0% from the prior year.
Mohawk Inds held $666.6M in cash against $1.7B in long-term debt as of fiscal year 2024.
Mohawk Inds's gross margin was 24.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.
Mohawk Inds's operating margin was 6.4% in fiscal year 2024, reflecting core business profitability. This is up 9.0 percentage points from the prior year.
Mohawk Inds's net profit margin was 4.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8.7 percentage points from the prior year.
Mohawk Inds's ROE was 6.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Mohawk Inds spent $162.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Mohawk Inds invested $454.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 25.9% from the prior year.
MHK Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8B-1.6% | $2.8B+10.9% | $2.5B-4.2% | $2.6B-5.9% | $2.8B+4.5% | $2.7B+2.6% | $2.6B-5.6% | $2.8B |
| Cost of Revenue | $2.1B+0.7% | $2.1B+7.5% | $1.9B-3.6% | $2.0B-3.0% | $2.1B+2.3% | $2.0B+3.0% | $2.0B-5.0% | $2.1B |
| Gross Profit | $654.9M-8.3% | $714.4M+22.5% | $583.3M-6.2% | $621.8M-14.1% | $723.8M+11.4% | $649.5M+1.1% | $642.2M-7.2% | $692.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $518.2M-1.4% | $525.7M+7.9% | $487.3M-0.9% | $491.8M-3.5% | $509.8M+1.4% | $502.9M+6.2% | $473.5M-13.8% | $549.6M |
| Operating Income | $136.7M-27.6% | $188.7M+96.6% | $96.0M-21.2% | $121.8M-43.1% | $214.0M+46.0% | $146.6M-12.3% | $167.1M+122.8% | -$733.7M |
| Interest Expense | $5.0M-3.8% | $5.2M-18.8% | $6.4M-34.7% | $9.8M-22.2% | $12.6M-15.4% | $14.9M-14.4% | $17.4M-13.6% | $20.1M |
| Income Tax | $23.3M-31.5% | $34.0M+94.3% | $17.5M-4.4% | $18.3M-56.7% | $42.3M+52.2% | $27.8M+95.8% | $14.2M-5.3% | $15.0M |
| Net Income | $108.8M-25.7% | $146.5M+101.8% | $72.6M-22.2% | $93.3M-40.7% | $157.4M+49.9% | $105.0M-24.7% | $139.5M+118.3% | -$760.4M |
| EPS (Diluted) | $1.75-25.2% | $2.34+103.5% | $1.15-22.8% | $1.49-39.4% | $2.46+50.0% | $1.64-25.5% | $2.20+118.4% | $-11.94 |
MHK Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.6B-1.1% | $13.8B+2.8% | $13.4B+4.9% | $12.8B-3.8% | $13.3B-1.9% | $13.5B-0.2% | $13.6B+3.2% | $13.1B |
| Current Assets | $6.0B-0.9% | $6.1B+1.5% | $6.0B+8.8% | $5.5B-2.6% | $5.6B-1.4% | $5.7B+2.1% | $5.6B+1.8% | $5.5B |
| Cash & Equivalents | $516.2M-5.6% | $546.7M-22.2% | $702.5M+5.4% | $666.6M+34.0% | $497.4M-24.5% | $658.5M+2.5% | $642.6M+23.9% | $518.5M |
| Inventory | $2.7B-0.6% | $2.7B+3.8% | $2.6B+3.9% | $2.5B-2.6% | $2.6B+2.1% | $2.5B-0.9% | $2.6B+1.3% | $2.5B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.2B-0.2% | $1.2B+5.3% | $1.1B+2.5% | $1.1B-2.2% | $1.1B-0.3% | $1.1B-1.7% | $1.2B+3.0% | $1.1B |
| Total Liabilities | $5.3B-3.7% | $5.5B-1.2% | $5.5B+6.2% | $5.2B-7.2% | $5.6B-4.4% | $5.9B-0.8% | $5.9B+1.1% | $5.9B |
| Current Liabilities | $2.7B-6.3% | $2.9B-4.0% | $3.0B+11.2% | $2.7B-9.0% | $2.9B-5.8% | $3.1B-0.8% | $3.1B-1.3% | $3.2B |
| Long-Term Debt | $1.7B+0.1% | $1.7B+2.6% | $1.7B+1.2% | $1.7B-0.8% | $1.7B-0.2% | $1.7B-0.4% | $1.7B+1.6% | $1.7B |
| Total Equity | $8.3B+0.5% | $8.3B+5.5% | $7.9B+4.0% | $7.6B-1.2% | $7.6B+0.1% | $7.6B+0.2% | $7.6B+4.9% | $7.3B |
| Retained Earnings | $7.5B+0.9% | $7.5B+1.4% | $7.4B+0.6% | $7.3B+2.5% | $7.1B+1.0% | $7.1B+1.5% | $7.0B+2.0% | $6.8B |
MHK Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $386.6M+87.4% | $206.3M+5475.7% | $3.7M-99.1% | $397.0M+69.9% | $233.6M+27.2% | $183.7M-38.0% | $296.3M-42.1% | $512.0M |
| Capital Expenditures | $76.3M-4.9% | $80.2M-10.0% | $89.1M-44.6% | $160.8M+75.9% | $91.4M+5.3% | $86.8M-63.9% | $240.3M+88.6% | $127.4M |
| Free Cash Flow | $310.3M+146.1% | $126.1M+247.7% | -$85.4M-136.2% | $236.2M+66.1% | $142.2M+46.7% | $96.9M+73.0% | $56.0M-85.4% | $384.6M |
| Investing Cash Flow | -$76.3M+4.9% | -$80.2M+10.0% | -$89.1M+44.6% | -$160.8M-75.9% | -$91.4M-5.3% | -$86.8M+63.9% | -$240.3M-88.6% | -$127.4M |
| Financing Cash Flow | -$327.3M-10.6% | -$295.9M-425.9% | $90.8M+310.9% | $22.1M+107.2% | -$305.4M-301.3% | -$76.1M-220.4% | $63.2M+114.7% | -$430.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $40.6M-4.7% | $42.6M+67.1% | $25.5M-66.0% | $74.9M-14.7% | $87.8M | $0 | $0 | $0 |
MHK Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.8%-1.8pp | 25.5%+2.4pp | 23.1%-0.5pp | 23.6%-2.3pp | 25.8%+1.6pp | 24.2%-0.3pp | 24.6%-0.4pp | 25.0% |
| Operating Margin | 5.0%-1.8pp | 6.7%+2.9pp | 3.8%-0.8pp | 4.6%-3.0pp | 7.6%+2.2pp | 5.5%-0.9pp | 6.4%+32.9pp | -26.5% |
| Net Margin | 4.0%-1.3pp | 5.2%+2.4pp | 2.9%-0.7pp | 3.5%-2.1pp | 5.6%+1.7pp | 3.9%-1.4pp | 5.3%+32.8pp | -27.5% |
| Return on Equity | 1.3%-0.5pp | 1.8%+0.9pp | 0.9%-0.3pp | 1.2%-0.8pp | 2.1%+0.7pp | 1.4%-0.5pp | 1.8% | N/A |
| Return on Assets | 0.8%-0.3pp | 1.1%+0.5pp | 0.5%-0.2pp | 0.7%-0.5pp | 1.2%+0.4pp | 0.8%-0.3pp | 1.0%+6.8pp | -5.8% |
| Current Ratio | 2.25+0.1 | 2.13+0.1 | 2.01-0.0 | 2.06+0.1 | 1.92+0.1 | 1.83+0.1 | 1.78+0.1 | 1.73 |
| Debt-to-Equity | 0.210.0 | 0.210.0 | 0.220.0 | 0.220.0 | 0.220.0 | 0.220.0 | 0.220.0 | 0.23 |
| FCF Margin | 11.3%+6.8pp | 4.5%+7.9pp | -3.4%-12.3pp | 9.0%+3.9pp | 5.1%+1.5pp | 3.6%+1.5pp | 2.1%-11.8pp | 13.9% |
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Frequently Asked Questions
What is Mohawk Inds's annual revenue?
Mohawk Inds (MHK) reported $10.8B in total revenue for fiscal year 2024. This represents a -2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mohawk Inds's revenue growing?
Mohawk Inds (MHK) revenue declined by 2.7% year-over-year, from $11.1B to $10.8B in fiscal year 2024.
Is Mohawk Inds profitable?
Yes, Mohawk Inds (MHK) reported a net income of $517.7M in fiscal year 2024, with a net profit margin of 4.8%.
What is Mohawk Inds's earnings per share (EPS)?
Mohawk Inds (MHK) reported diluted earnings per share of $8.14 for fiscal year 2024. This represents a 218.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Mohawk Inds's EBITDA?
Mohawk Inds (MHK) had EBITDA of $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mohawk Inds have?
As of fiscal year 2024, Mohawk Inds (MHK) had $666.6M in cash and equivalents against $1.7B in long-term debt.
What is Mohawk Inds's gross margin?
Mohawk Inds (MHK) had a gross margin of 24.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mohawk Inds's operating margin?
Mohawk Inds (MHK) had an operating margin of 6.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Mohawk Inds's net profit margin?
Mohawk Inds (MHK) had a net profit margin of 4.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Mohawk Inds's return on equity (ROE)?
Mohawk Inds (MHK) has a return on equity of 6.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Mohawk Inds's free cash flow?
Mohawk Inds (MHK) generated $679.5M in free cash flow during fiscal year 2024. This represents a -5.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Mohawk Inds's operating cash flow?
Mohawk Inds (MHK) generated $1.1B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Mohawk Inds's total assets?
Mohawk Inds (MHK) had $12.8B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Mohawk Inds's capital expenditures?
Mohawk Inds (MHK) invested $454.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Mohawk Inds buy back shares?
Yes, Mohawk Inds (MHK) spent $162.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Mohawk Inds's current ratio?
Mohawk Inds (MHK) had a current ratio of 2.06 as of fiscal year 2024, which is generally considered healthy.
What is Mohawk Inds's debt-to-equity ratio?
Mohawk Inds (MHK) had a debt-to-equity ratio of 0.22 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mohawk Inds's return on assets (ROA)?
Mohawk Inds (MHK) had a return on assets of 4.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Mohawk Inds's Altman Z-Score?
Mohawk Inds (MHK) has an Altman Z-Score of 3.04, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Mohawk Inds's Piotroski F-Score?
Mohawk Inds (MHK) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mohawk Inds's earnings high quality?
Mohawk Inds (MHK) has an earnings quality ratio of 2.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mohawk Inds cover its interest payments?
Mohawk Inds (MHK) has an interest coverage ratio of 14.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Mohawk Inds?
Mohawk Inds (MHK) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.