Mohawk Industries Inc (MHK)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -439,516 | 25,247 | 1,033,160 | 515,595 | 744,211 |
| Revenue | US$ in thousands | 11,044,200 | 11,671,300 | 11,133,200 | 9,486,860 | 9,935,830 |
| Net profit margin | -3.98% | 0.22% | 9.28% | 5.43% | 7.49% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-439,516K ÷ $11,044,200K
= -3.98%
The net profit margin of Mohawk Industries, Inc. has fluctuated over the past five years. In 2023, the company reported a negative net profit margin of -3.95%, indicating that its expenses exceeded its revenue, resulting in a loss for the year. This is a significant decline from the previous year, where the net profit margin was 0.22%.
In 2021, Mohawk Industries, Inc. achieved a healthy net profit margin of 9.22%, showcasing strong profitability relative to its revenue. The company also performed well in 2020 with a net profit margin of 5.40%.
The highest net profit margin in the past five years was recorded in 2019 at 7.46%, indicating a stable level of profitability. However, the recent decline in the net profit margin in 2023 raises concerns about the company's ability to control costs and generate profits.
Overall, the fluctuating trend in Mohawk Industries, Inc.'s net profit margin suggests some volatility in its financial performance and emphasizes the importance of closely monitoring expenses and revenue generation to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023