Mohawk Industries, Inc.MHK
NYSE•Consumer Cyclical•Furnishings, Fixtures & Appliances
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World. The company provides ceramic, porcelain, and natural stone tiles products for floor and wall applications; natural stones, porcelain slabs, and quartz countertops, as well as installation materials; floor covering products comprising broadloom carpets, carpet tiles, rugs and mats, carpet pads, laminates, medium-density fiberboards, wood floorings, vinyl tiles, hybrid flooring, and sheet vinyl; and roofing panels, insulation boards, mezzanine flooring products, medium-density fiberboard, decorative panels, and chipboards. It also licenses its intellectual property to flooring manufacturers. The company sells its products under the American Olean, Daltile, Decortiles, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, IVC Home, Karastan, Kerama Marazzi, Marazzi, Moduleo, Mohawk, Pergo, Quick-Step, Unilin, Vitromex, GH Commercial, Hycraft, Lentex Flooring, Leoline, Redbook, EmilGroup, KAI, Ragno, Aladdin Commercial, Durkan, Foss, IVC Resilient Design, Mohawk Group, Mohawk Home, and Portico. It offers its products to home centers, company-owned service centers and stores, floor covering retailers, ceramic tile specialists, e-commerce retailers, residential builders, independent distributors, commercial contractors, and commercial end users. The company was incorporated in 1988 and is headquartered in Calhoun, Georgia.
Mohawk Industries, Inc. (MHK) reported trailing twelve months revenue of $10.99B as of April 2026, a 2.9% increase year-over-year. Quarterly revenue reached $2.73B, reflecting continued top-line momentum.
Mohawk Industries, Inc. generated $414.40M in TTM net income, with quarterly EBITDA of $293.60M. The operating margin expanded from 3.8% to 4.1%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (4.1%) and net margin (4.3%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 2.9% a year ago, signaling stronger bottom-line efficiency.
MHK trades at a P/E of 15.9x (in line with broad market averages) and a P/S of 0.6x. The price-to-book ratio of 0.8x suggests the stock trades below its book value.
The company generated $7.80M in free cash flow over the trailing twelve months, a 109.1% increase year-over-year, indicating cash generation ability. The balance sheet shows $13.79B in total assets with $1.73B in long-term debt against $8.38B in stockholders equity for a debt-to-equity ratio of 0.2, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~5.3% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 23.2% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF covers net income by 1.7x on average — earnings are well-supported by cash generation.
D/E ratio is 0.2 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 3.5% — net buybacks are reducing shares outstanding and boosting per-share value.