Mohawk Industries Inc (MHK)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 694,700 | -287,808 | 931,602 | 755,534 | 29,246 |
| Revenue | US$ in thousands | 10,836,900 | 11,135,100 | 11,737,100 | 11,200,600 | 9,552,200 |
| Operating profit margin | 6.41% | -2.58% | 7.94% | 6.75% | 0.31% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $694,700K ÷ $10,836,900K
= 6.41%
Based on the data provided, Mohawk Industries Inc's operating profit margin has shown fluctuations over the years.
In December 31, 2020, the operating profit margin was 0.31%, indicating a relatively low profitability level. The company's performance improved significantly by December 31, 2021, with an operating profit margin of 6.75%, reflecting better operational efficiency and profitability.
By December 31, 2022, Mohawk Industries Inc further improved its operating profit margin to 7.94%, indicating a continued positive trend in profitability. However, there was a notable decline in performance by December 31, 2023, with an operating profit margin of -2.58%, suggesting potential challenges or downturn in the company's operations.
Mohawk Industries Inc rebounded in December 31, 2024, with an operating profit margin of 6.41%, showing a recovery in profitability compared to the previous year. Overall, the company has demonstrated an ability to adapt to changing market conditions, although there are fluctuations in its operating profit margin that may require further analysis and attention.
Peer comparison
Dec 31, 2024