Mohawk Industries Inc (MHK)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -354,654 | -471,974 | -244,869 | -14,239 | 183,357 | 386,762 | 1,249,961 | 1,291,884 | 1,289,604 | 1,323,228 | 1,226,709 | 751,559 | 584,244 | 464,210 | 393,970 | 727,764 | 749,185 | 793,574 | 892,034 | 948,255 |
| 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 |
| Pretax margin | -3.20% | -4.25% | -2.18% | -0.12% | 1.57% | 3.28% | 10.70% | 11.25% | 11.58% | 12.00% | 11.37% | 7.60% | 6.15% | 5.00% | 4.26% | 7.44% | 7.54% | 7.96% | 8.93% | 9.50% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-354,654K ÷ $11,069,310K
= -3.20%
The pretax margin for Mohawk Industries, Inc. has fluctuated over the past eight quarters. The company experienced a downward trend from Q1 2022 to Q3 2023, with negative pretax margins recorded in the last four quarters. This indicates a decrease in profitability before accounting for taxes during this period. The most significant decline was observed in Q3 2022, where the pretax margin dropped to 3.27%. The company faced challenges in generating earnings before taxes, reaching its lowest point in Q4 2023 with a pretax margin of -3.18%. Factors such as changes in operating expenses, sales revenue, or pricing strategies may have influenced these fluctuations in profitability. Further analysis and comparison with industry benchmarks would provide valuable insights into Mohawk Industries, Inc.'s financial performance relative to its peers.
Peer comparison
Dec 31, 2023