Mohawk Industries Inc (MHK)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -439,516 | -545,548 | -319,058 | -139,844 | 25,247 | 180,880 | 985,827 | 1,041,681 | 1,033,159 | 1,092,292 | 1,026,431 | 641,889 | 515,596 | 532,041 | 482,442 | 733,140 | 744,211 | 708,883 | 780,378 | 774,523 |
| Revenue (ttm) | US$ in thousands | 11,069,310 | 11,102,500 | 11,254,030 | 11,474,710 | 11,672,300 | 11,785,660 | 11,686,880 | 11,483,230 | 11,131,870 | 11,030,910 | 10,787,740 | 9,889,430 | 9,505,800 | 9,288,550 | 9,244,070 | 9,776,680 | 9,939,820 | 9,963,930 | 9,986,970 | 9,980,730 |
| Net profit margin | -3.97% | -4.91% | -2.84% | -1.22% | 0.22% | 1.53% | 8.44% | 9.07% | 9.28% | 9.90% | 9.51% | 6.49% | 5.42% | 5.73% | 5.22% | 7.50% | 7.49% | 7.11% | 7.81% | 7.76% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-439,516K ÷ $11,069,310K
= -3.97%
The net profit margin of Mohawk Industries, Inc. has been fluctuating over the past eight quarters, with values ranging from -4.88% to 9.02%. The company experienced negative net profit margins in the most recent quarters, Q4 2023 (-3.95%) and Q3 2023 (-4.88%), indicating that its profitability relative to its revenue has been declining. This suggests that the company may be facing challenges in controlling its costs and expenses or generating sufficient revenue to cover its operating costs. The positive net profit margins reported in the earlier quarters of 2022 (ranging from 0.22% to 9.02%) demonstrate that the company had previously been more successful in generating profit from its operations. Overall, the downward trend in net profit margins in the recent quarters may warrant further investigation into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023