Mohawk Industries Inc (MHK)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 517,700 | -439,516 | 25,247 | 1,033,160 | 515,595 |
| Revenue | US$ in thousands | 10,836,900 | 11,135,100 | 11,737,100 | 11,200,600 | 9,552,200 |
| Net profit margin | 4.78% | -3.95% | 0.22% | 9.22% | 5.40% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $517,700K ÷ $10,836,900K
= 4.78%
The net profit margin of Mohawk Industries Inc has displayed fluctuations over the past five years. In December 2020, the net profit margin stood at 5.40%, indicating that the company was generating a profit of 5.40 cents for every dollar of revenue. By December 2021, the net profit margin improved significantly to 9.22%, reflecting better cost management or increased revenue generation.
However, the situation worsened in December 2022, with a net profit margin of only 0.22%, signaling reduced profitability potentially due to increased costs or lower revenue. The following year, in December 2023, the net profit margin turned negative at -3.95%, indicating that the company incurred losses instead of profits.
Fortunately, by December 2024, the net profit margin recovered to 4.78%, suggesting a return to profitability, albeit lower than in 2021. The variance in net profit margins reflects the company's ability to control costs, manage expenses, and generate revenue efficiently. Monitoring this metric is crucial for assessing Mohawk Industries Inc's financial health and performance over time.
Peer comparison
Dec 31, 2024