Mohawk Inds Financials
This page shows Mohawk Inds (MHK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).
Cash generation has stayed resilient even as lower volume and fixed overhead kept margins well below their FY2021 peak.
From FY2023 through FY2025, operating cash flow totaled$3.5B while net income summed to only$436M , so weak reported earnings overstated how weak the cash engine really was. With capex down to$440M in FY2025, more of that internally generated cash could rebuild liquidity instead of merely sustaining the asset base.
The main profit squeeze sits below gross profit: gross margin moved from
The balance-sheet posture improved as the current ratio moved above 2.0x in the latest year while debt-to-equity stayed near 0.2x, so flexibility rose without a new leverage push. That discipline shows up in interest expense, which fell to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Mohawk Inds's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Mohawk Inds has an operating margin of 4.5%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 44/100, indicating healthy but not exceptional operating efficiency. This is down from 6.4% the prior year.
Mohawk Inds's revenue declined 0.5% year-over-year, from $10.8B to $10.8B. This contraction results in a growth score of 27/100.
Mohawk Inds has a moderate D/E ratio of 0.21. This balance of debt and equity financing earns a leverage score of 52/100.
Mohawk Inds's current ratio of 2.19 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 5.7%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.
Mohawk Inds's ROE of 4.4% shows moderate profitability relative to equity, earning a score of 42/100. This is down from 6.9% the prior year.
Mohawk Inds scores 2.71, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Mohawk Inds passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Mohawk Inds generates $2.86 in operating cash flow ($1.1B OCF vs $369.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Mohawk Inds earns $27.5 in operating income for every $1 of interest expense ($489.8M vs $17.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Mohawk Inds generated $10.8B in revenue in fiscal year 2025. This represents a decrease of 0.5% from the prior year.
Mohawk Inds's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.2% from the prior year.
Mohawk Inds reported $369.9M in net income in fiscal year 2025. This represents a decrease of 28.1% from the prior year.
Mohawk Inds earned $5.93 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 26.7% from the prior year.
Cash & Balance Sheet
Mohawk Inds generated $616.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 9.3% from the prior year.
Mohawk Inds held $856.1M in cash against $1.7B in long-term debt as of fiscal year 2025.
Margins & Returns
Mohawk Inds's gross margin was 23.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the prior year.
Mohawk Inds's operating margin was 4.5% in fiscal year 2025, reflecting core business profitability. This is down 1.9 percentage points from the prior year.
Mohawk Inds's net profit margin was 3.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.
Mohawk Inds's ROE was 4.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.4 percentage points from the prior year.
Capital Allocation
Mohawk Inds spent $149.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 8.0% from the prior year.
Mohawk Inds invested $440.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.2% from the prior year.
MHK Income Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B+1.1% | $2.7B-2.1% | $2.8B-1.6% | $2.8B+10.9% | $2.5B-4.2% | $2.6B-3.0% | $2.7B-2.9% | $2.8B |
| Cost of Revenue | $2.1B+0.4% | $2.1B-1.2% | $2.1B+0.7% | $2.1B+7.5% | $1.9B-3.7% | $2.0B-0.5% | $2.0B-2.5% | $2.1B |
| Gross Profit | $641.9M+3.2% | $622.1M-5.0% | $654.9M-8.3% | $714.4M+22.5% | $583.3M-6.0% | $620.6M-10.4% | $692.6M-4.3% | $723.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $530.1M-0.7% | $533.8M+3.0% | $518.2M-1.4% | $525.7M+7.9% | $487.3M-0.9% | $491.8M+2.4% | $480.3M-5.8% | $509.8M |
| Operating Income | $111.8M+63.5% | $68.4M-50.0% | $136.7M-27.6% | $188.7M+96.6% | $96.0M-20.4% | $120.6M-43.2% | $212.3M-0.8% | $214.0M |
| Interest Expense | $2.4M+100.0% | $1.2M-76.0% | $5.0M-3.8% | $5.2M-18.8% | $6.4M-34.7% | $9.8M-12.5% | $11.2M-11.1% | $12.6M |
| Income Tax | -$8.9M-137.1% | $24.0M+3.0% | $23.3M-31.5% | $34.0M+94.3% | $17.5M-4.4% | $18.3M-54.0% | $39.8M-5.9% | $42.3M |
| Net Income | $117.1M+178.8% | $42.0M-61.4% | $108.8M-25.7% | $146.5M+101.8% | $72.6M-19.6% | $90.3M-44.3% | $162.0M+2.9% | $157.4M |
| EPS (Diluted) | $1.90 | N/A | $1.75-25.2% | $2.34+103.5% | $1.15 | N/A | $2.55+3.7% | $2.46 |
MHK Balance Sheet
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.8B+0.8% | $13.7B+0.5% | $13.6B-1.1% | $13.8B+2.8% | $13.4B+5.3% | $12.7B-4.3% | $13.3B+0.3% | $13.3B |
| Current Assets | $6.2B+3.9% | $6.0B-0.7% | $6.0B-0.9% | $6.1B+1.5% | $6.0B+9.6% | $5.5B-3.0% | $5.6B-0.4% | $5.6B |
| Cash & Equivalents | $872.3M+1.9% | $856.1M+65.8% | $516.2M-5.6% | $546.7M-22.2% | $702.5M+5.4% | $666.6M+57.2% | $424.0M-14.8% | $497.4M |
| Inventory | $2.7B+0.7% | $2.7B-1.2% | $2.7B-0.6% | $2.7B+3.8% | $2.6B+3.9% | $2.5B-3.8% | $2.6B+1.2% | $2.6B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.2B-1.2% | $1.2B+1.0% | $1.2B-0.2% | $1.2B+5.3% | $1.1B+2.5% | $1.1B-4.8% | $1.2B+2.8% | $1.1B |
| Total Liabilities | $5.4B+1.9% | $5.3B+0.6% | $5.3B-3.7% | $5.5B-1.2% | $5.5B+6.2% | $5.2B-4.3% | $5.5B-3.0% | $5.6B |
| Current Liabilities | $2.9B+5.5% | $2.7B+1.8% | $2.7B-6.3% | $2.9B-4.0% | $3.0B+11.2% | $2.7B-3.6% | $2.8B-5.7% | $2.9B |
| Long-Term Debt | $1.7B-0.6% | $1.7B-0.1% | $1.7B+0.1% | $1.7B+2.6% | $1.7B+1.2% | $1.7B-2.3% | $1.7B+1.5% | $1.7B |
| Total Equity | $8.4B0.0% | $8.4B+0.5% | $8.3B+0.5% | $8.3B+5.5% | $7.9B+4.6% | $7.5B-4.3% | $7.8B+2.7% | $7.6B |
| Retained Earnings | $7.6B+0.7% | $7.5B-0.5% | $7.5B+0.9% | $7.5B+1.4% | $7.4B+1.2% | $7.3B-0.3% | $7.3B+2.3% | $7.1B |
MHK Cash Flow Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $110.1M-76.0% | $459.6M+18.9% | $386.6M+87.4% | $206.3M+5475.7% | $3.7M-99.1% | $397.0M+24.2% | $319.6M+36.8% | $233.6M |
| Capital Expenditures | $102.3M-47.4% | $194.4M+154.8% | $76.3M-4.9% | $80.2M-10.0% | $89.1M-44.6% | $160.8M+39.3% | $115.4M+26.3% | $91.4M |
| Free Cash Flow | $7.8M-97.1% | $265.2M-14.5% | $310.3M+146.1% | $126.1M+247.7% | -$85.4M-136.2% | $236.2M+15.7% | $204.2M+43.6% | $142.2M |
| Investing Cash Flow | -$102.3M+47.9% | -$196.3M-157.3% | -$76.3M+4.9% | -$80.2M+10.0% | -$89.1M+44.6% | -$160.8M-39.3% | -$115.4M-26.3% | -$91.4M |
| Financing Cash Flow | $11.8M-81.1% | $62.4M+119.1% | -$327.3M-10.6% | -$295.9M-425.9% | $90.8M+310.9% | $22.1M+108.2% | -$270.1M+11.6% | -$305.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $64.7M+57.4% | $41.1M+1.2% | $40.6M-4.7% | $42.6M+67.1% | $25.5M-66.0% | $74.9M+74800.0% | $100K-99.9% | $87.8M |
MHK Financial Ratios
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.5%+0.5pp | 23.0%-0.7pp | 23.8%-1.8pp | 25.5%+2.4pp | 23.1%-0.4pp | 23.5%-1.9pp | 25.5%-0.4pp | 25.8% |
| Operating Margin | 4.1%+1.6pp | 2.5%-2.4pp | 5.0%-1.8pp | 6.7%+2.9pp | 3.8%-0.8pp | 4.6%-3.2pp | 7.8%+0.2pp | 7.6% |
| Net Margin | 4.3%+2.7pp | 1.6%-2.4pp | 4.0%-1.3pp | 5.2%+2.4pp | 2.9%-0.6pp | 3.4%-2.5pp | 6.0%+0.3pp | 5.6% |
| Return on Equity | 1.4%+0.9pp | 0.5%-0.8pp | 1.3%-0.5pp | 1.8%+0.9pp | 0.9%-0.3pp | 1.2%-0.9pp | 2.1%0.0pp | 2.1% |
| Return on Assets | 0.9%+0.5pp | 0.3%-0.5pp | 0.8%-0.3pp | 1.1%+0.5pp | 0.5%-0.2pp | 0.7%-0.5pp | 1.2%+0.0pp | 1.2% |
| Current Ratio | 2.16-0.0 | 2.19-0.1 | 2.25+0.1 | 2.13+0.1 | 2.01-0.0 | 2.04+0.0 | 2.03+0.1 | 1.92 |
| Debt-to-Equity | 0.210.0 | 0.210.0 | 0.210.0 | 0.210.0 | 0.220.0 | 0.220.0 | 0.220.0 | 0.22 |
| FCF Margin | 0.3%-9.5pp | 9.8%-1.4pp | 11.3%+6.8pp | 4.5%+7.9pp | -3.4%-12.3pp | 9.0%+1.4pp | 7.5%+2.4pp | 5.1% |
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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 2025. This represents a -0.5% 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 0.5% year-over-year, from $10.8B to $10.8B in fiscal year 2025.
Is Mohawk Inds profitable?
Yes, Mohawk Inds (MHK) reported a net income of $369.9M in fiscal year 2025, with a net profit margin of 3.4%.
What is Mohawk Inds's EBITDA?
Mohawk Inds (MHK) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mohawk Inds have?
As of fiscal year 2025, Mohawk Inds (MHK) had $856.1M 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 23.9% in fiscal year 2025, 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 4.5% in fiscal year 2025, 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 3.4% in fiscal year 2025, 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 4.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Mohawk Inds's free cash flow?
Mohawk Inds (MHK) generated $616.2M in free cash flow during fiscal year 2025. This represents a -9.3% 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 2025, representing cash generated from core business activities.
What are Mohawk Inds's total assets?
Mohawk Inds (MHK) had $13.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Mohawk Inds's capital expenditures?
Mohawk Inds (MHK) invested $440.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Mohawk Inds's current ratio?
Mohawk Inds (MHK) had a current ratio of 2.19 as of fiscal year 2025, which is generally considered healthy.
What is Mohawk Inds's debt-to-equity ratio?
Mohawk Inds (MHK) had a debt-to-equity ratio of 0.21 as of fiscal year 2025, 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 2.7% for fiscal year 2025, 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 2.71, placing it in the Grey Zone (moderate 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 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 2.86x, 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 27.5x, 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 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.