Mohawk Industries Inc (MHK)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 517,600 | 563,888 | -358,571 | -414,771 | -439,571 | -545,603 | -318,857 | -139,626 | 25,503 | 181,136 | 985,827 | 1,041,681 | 1,033,159 | 1,092,292 | 1,026,431 | 641,889 | 515,596 | 532,041 | 482,442 | 733,140 |
| 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 |
| Net profit margin | 4.78% | 5.22% | -3.30% | -3.77% | -3.95% | -4.88% | -2.82% | -1.21% | 0.22% | 1.53% | 8.39% | 9.02% | 9.22% | 9.86% | 9.47% | 6.46% | 5.40% | 5.70% | 5.20% | 7.47% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $517,600K ÷ $10,836,900K
= 4.78%
The net profit margin of Mohawk Industries Inc has demonstrated fluctuations over the past several quarters. The trend shows that the net profit margin started at 7.47% in March 2020, dipped to 1.53% in September 2022, then declined significantly to -4.88% by September 2023. This negative trend continued until June 2024, with the net profit margin ranging between -3.77% and -3.30%.
However, there was a noticeable turnaround in the net profit margin in the subsequent quarters, with a positive shift to 5.22% in September 2024 and 4.78% in December 2024. This improvement suggests that Mohawk Industries Inc may have implemented corrective measures to enhance profitability.
Overall, the net profit margin of Mohawk Industries Inc has experienced volatility, but the recent positive trajectory indicates potential recovery and signals the company's efforts to strengthen its financial performance.
Peer comparison
Dec 31, 2024