Mohawk Industries Inc (MHK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -287,808 | 244,217 | 1,335,010 | 636,002 | 827,224 |
| Revenue | US$ in thousands | 11,044,200 | 11,671,300 | 11,133,200 | 9,486,860 | 9,935,830 |
| Operating profit margin | -2.61% | 2.09% | 11.99% | 6.70% | 8.33% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-287,808K ÷ $11,044,200K
= -2.61%
The operating profit margin of Mohawk Industries, Inc. has exhibited fluctuations over the past five years. In 2023, the operating profit margin decreased to 5.30% from 8.01% in 2022, representing a decline in profitability. This trend contrasts with the significant improvement seen in 2021 when the operating profit margin reached 11.92%, indicating strong operational efficiency and profitability. The operating profit margin was lower in 2020 at 6.66% compared to 2019 where it stood at 8.30%. Overall, the company's operating profit margin has shown variability, suggesting changes in cost management, pricing strategies, and overall business performance during the period under review.
Peer comparison
Dec 31, 2023