Mohawk Industries Inc key statistics and ratios

In fiscal 2025, Mohawk Industries Inc had return on equity of 4.7%, an operating margin of 4.5%, debt equal to 24.3% of equity and a current ratio of 2.19. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Mohawk Industries Inc: financial ratios, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMOct 2026
Gross margin	—	—	—	—	31.4%	31.6%	28.4%	26.8%	25.4%	29.2%	25.1%	24.3%	24.8%	23.9%	24.7%
Operating margin	—	—	—	—	14.3%	14.3%	11.0%	8.3%	6.7%	11.9%	2.1%	−2.6%	6.4%	4.5%	5.5%
Net margin	—	—	—	—	10.4%	10.2%	8.6%	7.5%	5.4%	9.2%	0.2%	−4.0%	4.7%	3.4%	4.6%
Free-cash-flow margin	—	—	—	—	7.5%	3.0%	3.9%	8.8%	14.1%	5.7%	0.8%	6.4%	6.3%	5.7%	8.0%
Return on equity	5.1%	7.0%	8.5%	12.0%	18.3%	15.1%	11.9%	9.6%	6.2%	12.2%	0.3%	−5.7%	6.8%	4.7%	6.2%
Return on assets	2.8%	4.0%	4.7%	6.3%	10.0%	8.7%	6.8%	5.6%	3.7%	7.2%	0.2%	−3.2%	3.9%	2.8%	3.8%
Asset turnover	—	—	—	—	0.97	0.85	0.79	0.75	0.69	0.78	0.83	0.81	0.83	0.82	0.83
Current ratio	2.18	3.08	2.34	1.53	1.28	1.53	1.38	1.63	2.26	1.78	1.92	1.78	2.04	2.19	1.91
Debt to equity	46.4%	37.2%	50.7%	51.0%	43.5%	39.1%	43.9%	31.7%	32.2%	27.7%	35.3%	35.6%	29.9%	24.3%	21.5%
Interest cover (operating income ÷ interest)	3.1x	5.1x	5.9x	7.9x	31.6x	43.5x	28.2x	20.0x	12.1x	23.3x	4.7x	n/m	14.3x	27.5x	62.1x
Effective tax rate	10.8%	17.6%	17.6%	19.8%	24.8%	26.0%	17.6%	0.7%	11.7%	19.9%	86.0%	—	19.9%	21.1%	14.4%
SG&A as % of revenue	—	—	—	—	17.1%	17.3%	17.5%	18.5%	18.8%	17.3%	17.1%	19.0%	18.3%	19.1%	19.0%
Capital spending as % of revenue	—	—	—	—	7.5%	9.5%	8.0%	5.5%	4.5%	6.0%	4.9%	5.5%	4.2%	4.1%	4.2%
Free cash flow ÷ net income	14.6%	151.6%	45.5%	18.9%	72.4%	29.6%	44.9%	117.3%	260.7%	61.3%	351.2%	—	132.0%	166.6%	172.0%
Dividends and buybacks ÷ free cash flow	—	—	—	—	0.0%	0.0%	70.8%	11.5%	14.0%	142.2%	347.6%	0.0%	24.0%	24.3%	47.9%

US$ thousands unless shown otherwise. Fiscal quarters.

Mohawk Industries Inc: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Apr 2026	2026 Q2Jul 2026	2026 Q3Oct 2026
Gross margin	23.5%	23.1%	25.5%	23.7%	23.0%	23.5%	26.6%	25.5%
Operating margin	4.6%	3.8%	6.7%	5.0%	2.5%	4.1%	8.5%	6.7%
Net margin	3.4%	2.9%	5.2%	3.9%	1.6%	4.3%	6.6%	5.9%
Free-cash-flow margin	9.0%	−3.4%	4.5%	11.3%	9.8%	0.3%	7.6%	14.0%
Current ratio	2.04	2.01	2.13	2.25	2.19	2.16	1.92	1.91
Debt to equity	29.8%	30.4%	26.5%	23.0%	24.2%	25.2%	22.4%	21.5%
SG&A as % of revenue	18.6%	19.3%	18.8%	18.8%	19.8%	19.4%	18.1%	18.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 7 checks passed · October 3, 2026

What it owns · $13.4bn

Short-term assets $6.1bnLonger-term assets $7.4bn

What it owes, and who funded it · $13.4bn

Short-term liabilities $3.2bnLonger-term liabilities $1.9bnShareholders' equity $8.3bn

Short-term assets cover short-term liabilities $6.1bn of assets due within a year against $3.2bn of liabilities due within a year.
Short-term assets cover long-term liabilities $6.1bn short-term assets against $1.9bn of longer-dated liabilities.
More cash than debt $817m of cash against $1.8bn of debt.
Debt below 40% of shareholders' equity Debt is 21% of equity.
Debt burden no higher than five years ago Debt to equity moved from 13% to 21% over five years.
A year's operating cash flow covers at least 20% of debt $1.4bn of operating cash flow against $1.8bn of debt.
Operating profit covers interest at least five times over Operating income of $622m against $10m of interest.

From Mohawk Industries Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

34 /100

Weak moat

How hard Mohawk Industries's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 7 / 20

Cash operating profit has been a median 6.3% of total assets over 10 years.
Pricing power 2 / 20

Gross margin has been a median 24.9%, moving by 563.3 percentage points (standard deviation) across 10 years.
Durability 0 / 20

Operating margin has been a median 5.5%; its worst year was -664.2%.
Cash conversion 11 / 20

Free cash flow was positive in 8 of 10 years, at a median 6.1% of revenue.
Discipline 20 / 20

The diluted share count fell 12.8% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (40 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: MHK vs SGI LZB vs MHK ETD vs MHK

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Figures from Mohawk Industries Inc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Mohawk Industries Inc.