Mohawk Industries Inc (MHK)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,730,000 | 2,753,323 | 2,752,730 | 2,725,639 | 2,712,481 | 2,621,798 | 2,643,452 | 2,784,740 | 2,943,426 | 3,126,429 | 3,250,083 | 3,279,093 | 3,268,734 | 3,269,375 | 3,138,259 | 2,606,019 | 2,430,690 | 2,315,413 | 2,300,905 | 2,667,556 |
| Revenue (ttm) | US$ in thousands | 10,836,900 | 10,811,980 | 10,859,170 | 11,008,300 | 11,135,120 | 11,173,520 | 11,324,870 | 11,527,630 | 11,737,070 | 11,847,130 | 11,746,610 | 11,547,250 | 11,200,620 | 11,081,640 | 10,839,490 | 9,935,460 | 9,552,190 | 9,334,940 | 9,279,250 | 9,813,930 |
| Gross profit margin | 25.19% | 25.47% | 25.35% | 24.76% | 24.36% | 23.46% | 23.34% | 24.16% | 25.08% | 26.39% | 27.67% | 28.40% | 29.18% | 29.50% | 28.95% | 26.23% | 25.45% | 24.80% | 24.80% | 27.18% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,730,000K ÷ $10,836,900K
= 25.19%
The gross profit margin of Mohawk Industries Inc has shown some fluctuations over the past few years. It was around 27%-29.5% from March 2021 to September 2021. There was a slight decrease in the margin to around 26%-28.4% in the subsequent quarters up to March 2022. From June 2022 to September 2023, there was a declining trend in the gross profit margin, reaching as low as 23.34% in June 2023. However, by December 2023, the margin started to improve, reaching 24.36%.
In the following quarters up to December 2024, the gross profit margin stayed relatively stable between 24.76% and 25.47%. Overall, while there were fluctuations in the gross profit margin of Mohawk Industries Inc, the company managed to maintain a margin above 24% throughout the period, indicating efficient management of production costs and pricing strategies.
Peer comparison
Dec 31, 2024