Mohawk Industries Inc (MHK)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,687,700 | 2,709,650 | 2,943,430 | 3,268,730 | 2,430,690 |
| Revenue | US$ in thousands | 10,836,900 | 11,135,100 | 11,737,100 | 11,200,600 | 9,552,200 |
| Gross profit margin | 24.80% | 24.33% | 25.08% | 29.18% | 25.45% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,687,700K ÷ $10,836,900K
= 24.80%
The gross profit margin of Mohawk Industries Inc has seen fluctuations over the past five years. In December 31, 2020, the gross profit margin was 25.45%, showing a moderate level of profitability. Over the following year, there was an improvement as the gross profit margin increased to 29.18% by December 31, 2021, indicating better cost management or revenue growth.
However, in the subsequent years, there was a decline in the gross profit margin. By December 31, 2022, the margin fell to 25.08%, and then further dropped to 24.33% by December 31, 2023. This downward trend suggests challenges in maintaining profitability, possibly due to factors such as rising costs or pricing pressures in the industry.
In the most recent period ending on December 31, 2024, the gross profit margin slightly improved to 24.80%. This suggests some stabilization in the profitability, but it is important for Mohawk Industries Inc to closely monitor and address the factors affecting its gross profit margin to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2024