Mohawk Industries (MHK) financial statements
Mohawk Industries reported revenue of $10.8B in fiscal 2025, up 2.1% a year over 9 years.
Net income was $370M and the operating margin 4.5%, against 14.3% in 2016.
Free cash flow was $616M, and the company returned $150M in net buybacks.
The diluted share count fell 16% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Mohawk Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.0B | $9.5B | $10.0B | $10.0B | $9.6B | $11.2B | $11.7B | $11.1B | $10.8B | $10.8B |
| Cost of revenue | $6.1B | $6.5B | $7.1B | $7.3B | $7.1B | $7.9B | $8.8B | $8.4B | $8.2B | $8.2B |
| Gross profit | $2.8B | $3.0B | $2.8B | $2.7B | $2.4B | $3.3B | $2.9B | $2.7B | $2.7B | $2.6B |
| Selling, general and admin | $1.5B | $1.6B | $1.7B | $1.8B | $1.8B | $1.9B | $2.0B | $2.1B | $2.0B | $2.1B |
| Operating income | $1.3B | $1.4B | $1.1B | $827M | $636M | $1.3B | $244M | -$292M | $694M | $490M |
| Interest expense | $41M | $31M | $39M | $41M | $52M | $57M | $52M | $78M | $48M | $18M |
| Pre-tax income | $1.2B | $1.3B | $1.0B | $750M | $584M | $1.3B | $184M | -$364M | $643M | $469M |
| Income tax | $308M | $343M | $184M | $5M | $69M | $256M | $158M | $85M | $128M | $99M |
| Net income | $930M | $972M | $862M | $744M | $516M | $1.0B | $25M | -$449M | $515M | $370M |
| EPS (diluted) | $12.48 | $12.98 | $11.47 | $10.30 | $7.22 | $14.94 | $0.39 | -$7.05 | $8.09 | $5.93 |
| Diluted shares | 75M | 75M | 75M | 72M | 71M | 69M | 64M | 64M | 64M | 62M |
| Gross margin | 31.4% | 31.6% | 28.4% | 26.8% | 25.4% | 29.2% | 25.1% | 24.3% | 24.8% | 23.9% |
| Operating margin | 14.3% | 14.3% | 11.0% | 8.3% | 6.7% | 11.9% | 2.1% | -2.6% | 6.4% | 4.5% |
| Net margin | 10.4% | 10.2% | 8.6% | 7.5% | 5.4% | 9.2% | 0.2% | -4.0% | 4.7% | 3.4% |
Balance sheet
Fiscal years, from Mohawk Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $122M | $85M | $119M | $177M | $1.3B | $592M | $668M | $643M | $667M | $856M |
| Receivables | $1.4B | $1.6B | $1.6B | $1.5B | $1.7B | $1.8B | $1.9B | $1.9B | $1.8B | $1.9B |
| Inventory | $1.7B | $1.9B | $2.3B | $2.3B | $1.9B | $2.4B | $2.8B | $2.6B | $2.5B | $2.7B |
| Total current assets | $3.5B | $4.1B | $4.5B | $4.4B | $5.4B | $5.2B | $5.9B | $5.6B | $5.5B | $6.0B |
| Property, plant and equipment | $3.4B | $4.3B | $4.7B | $4.7B | $4.6B | $4.6B | $4.7B | $5.0B | $4.6B | $4.8B |
| Goodwill | $2.3B | $2.5B | $2.5B | $2.6B | $2.7B | $2.6B | $1.9B | $1.2B | $1.1B | $1.2B |
| Total assets | $10.2B | $12.1B | $13.1B | $13.4B | $14.3B | $14.2B | $14.1B | $13.5B | $12.7B | $13.7B |
| Total current liabilities | $2.7B | $2.7B | $3.3B | $2.7B | $2.4B | $2.9B | $3.1B | $3.1B | $2.7B | $2.7B |
| Long-term debt | $1.1B | $1.6B | $1.5B | $1.5B | $2.4B | $1.7B | $2.0B | $1.7B | $1.7B | $1.7B |
| Total liabilities | $4.4B | $5.0B | $5.7B | $5.3B | $5.8B | $5.8B | $6.1B | $5.9B | $5.2B | $5.3B |
| Shareholders' equity | $5.8B | $7.1B | $7.4B | $8.1B | $8.5B | $8.4B | $8.0B | $7.6B | $7.5B | $8.4B |
| Net debt | $2.4B | $2.7B | $3.1B | $2.4B | $2.0B | $2.1B | $2.3B | $2.1B | $1.6B | $1.2B |
Cash flow
Fiscal years, from Mohawk Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.3B | $1.2B | $1.2B | $1.4B | $1.8B | $1.3B | $669M | $1.3B | $1.1B | $1.1B |
| Capital spending | $672M | $906M | $794M | $545M | $426M | $676M | $581M | $613M | $454M | $440M |
| Free cash flow | $673M | $288M | $387M | $873M | $1.3B | $633M | $88M | $716M | $680M | $616M |
| Stock-based compensation | $35M | $36M | $31M | $24M | $20M | $26M | $22M | $21M | $28M | $30M |
| Share buybacks (net) | $0 | $0 | -$274M | -$100M | -$189M | -$900M | -$308M | $0 | -$163M | -$150M |
| Net borrowing | $0 | $0 | — | — | — | — | — | — | — | — |
| Free cash flow margin | 7.5% | 3.0% | 3.9% | 8.8% | 14.1% | 5.7% | 0.8% | 6.4% | 6.3% | 5.7% |
Questions
What was Mohawk Industries's revenue in 2025?
$10.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Mohawk Industries generate?
$616M in fiscal 2025 (operating cash flow minus capital spending).
From Mohawk Industries's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.