Mohawk Industries Inc (MHK)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 745,600 | 786,856 | -159,186 | -261,540 | -461,193 | -563,171 | 208,530 | 423,411 | 643,912 | 835,932 | 1,157,947 | 1,194,444 | 1,335,011 | 1,364,646 | 1,267,416 | 802,034 | 636,002 | 508,083 | 485,559 | 813,377 |
| 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 |
| Operating profit margin | 6.88% | 7.28% | -1.47% | -2.38% | -4.14% | -5.04% | 1.84% | 3.67% | 5.49% | 7.06% | 9.86% | 10.34% | 11.92% | 12.31% | 11.69% | 8.07% | 6.66% | 5.44% | 5.23% | 8.29% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $745,600K ÷ $10,836,900K
= 6.88%
The operating profit margin of Mohawk Industries Inc has shown fluctuation over the periods provided in the data.
From March 31, 2020, to December 31, 2021, the operating profit margin generally improved, with a progressive increase from 8.29% to 11.92%. This indicates the company was managing its operating expenses efficiently relative to its revenue during this period.
However, from March 31, 2022, to June 30, 2024, the operating profit margin started to decline. It dropped to as low as -5.04% in September 30, 2023, and remained negative until March 31, 2024. This negative trend suggests that the company's operating expenses may have increased disproportionately compared to its revenue during this period.
The sudden increase to 7.28% in September 30, 2024, and subsequent improvement to 6.88% in December 31, 2024, indicated an attempt to stabilize and improve the operating profit margin. However, it is important for the company to closely monitor and manage its operating costs to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2024