Mohawk Industries
MHKNYSEUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $151.73 Prior regular-session close from the quote source.
- $149.69–$152.58 Regular-session low and high so far today.
- 736.0K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Feb 11 projected Projected for 2027-02-11 from the company’s own results filings (SEC 8-K Item 2.02). The company has not confirmed the date.
- $92.99–$158.81 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own MHK if the current earnings pressure is mainly a housing/remodel and factory-utilization trough rather than a structural loss of product relevance or pricing power.
MHK price history
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Investment thesis
What must happen next
Residential and commercial flooring replacement and construction demand must normalize enough for Mohawk’s global flooring scale to convert back into volume, rather than leaving the company with structurally lower demand.HoldingMateriality: High
GAAP annual revenue remained large and relatively stable at $10.785 billion in FY2025 despite being below $11.737 billion in FY2022. If demand normalizes, Mohawk gets volume recovery on an existing manufacturing base; if it does not, the company remains an asset-heavy manufacturer with limited operating leverage.
Watch: A prolonged high-rate housing and remodeling downturn suppresses discretionary flooring replacement before Mohawk can regain volume.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual revenue remained large and relatively stable at $10.785 billion in FY2025 despite being below $11.737 billion in FY2022.
Open source ↗Mohawk’s manufacturing scale must regain cost absorption and pricing discipline as volume improves; otherwise higher sales would be low-quality growth with little margin recovery.HoldingMateriality: High
GAAP annual operating income recovered from a loss of $291.9 million in FY2023 to $693.5 million in FY2024, showing the model can rebound when costs and volumes improve. The equity upside depends on operating leverage, not just revenue stabilization; a failure to recover margins would cap normalized earnings power.
Watch: Competitors such as Shaw Industries or low-cost importers force price concessions that prevent Mohawk from recovering input and labor costs.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating income recovered from a loss of $291.9 million in FY2023 to $693.5 million in FY2024, showing the.
Open source ↗Mohawk must remain relevant as flooring demand shifts across carpet, rugs, hard surfaces, ceramic, laminate, vinyl, and other alternatives, rather than being overexposed to categories losing share.HoldingMateriality: Medium
The company profile identifies Mohawk as a leading global flooring manufacturer, not solely a single-product producer. If Mohawk keeps product and channel relevance, cyclical recovery can accrue to the company; if the mix shift bypasses it, a housing rebound may not restore revenue or margins.
Watch: Luxury vinyl tile, private-label hard-surface products, or imported alternatives gain permanent shelf space at major retailers and dealers.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
The company profile identifies Mohawk as a leading global flooring manufacturer, not solely a single-product producer.
Open source ↗Mohawk’s working-capital discipline and mature manufacturing base must keep converting earnings into cash through the cycle, giving the company time to wait for demand recovery without financial stress.StrengtheningMateriality: Medium
GAAP annual operating cash flow was $1.056 billion in FY2025 and $1.134 billion in FY2024. Durable cash generation lets owners benefit from a cyclical recovery; weak cash conversion would make the downturn more dangerous and reduce capital-allocation flexibility.
Watch: Inventory builds or customer receivable pressure absorb cash because demand weakens faster than production can be reduced.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating cash flow was $1.056 billion in FY2025 and $1.134 billion in FY2024.
Open source ↗Mohawk’s balance sheet must remain strong enough to absorb a slow flooring cycle without forcing value-destructive issuance, distressed asset sales, or cuts to essential investment.StrengtheningMateriality: Medium
Total liabilities declined from $6.103 billion at FY2022 year-end to $5.309 billion at FY2025 year-end. Financial staying power preserves upside to a cyclical recovery; balance-sheet pressure would transfer value away from shareholders or weaken the franchise.
Watch: A multi-year flooring downturn causes cash flow to fall while fixed manufacturing and restructuring obligations remain high.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Total liabilities declined from $6.103 billion at FY2022 year-end to $5.309 billion at FY2025 year-end.
Open source ↗
Full investment case & evidence
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Original research
Residential and commercial flooring replacement and construction demand must normalize enough for Mohawk’s global flooring scale to convert back into volume, rather than leaving the company with structurally lower demand. If demand normalizes, Mohawk gets volume recovery on an existing manufacturing base; if it does not, the company remains an asset-heavy manufacturer with limited operating leverage.
Mohawk’s manufacturing scale must regain cost absorption and pricing discipline as volume improves; otherwise higher sales would be low-quality growth with little margin recovery. The equity upside depends on operating leverage, not just revenue stabilization; a failure to recover margins would cap normalized earnings power.
Mohawk must remain relevant as flooring demand shifts across carpet, rugs, hard surfaces, ceramic, laminate, vinyl, and other alternatives, rather than being overexposed to categories losing share. If Mohawk keeps product and channel relevance, cyclical recovery can accrue to the company; if the mix shift bypasses it, a housing rebound may not restore revenue or margins.
Mohawk’s working-capital discipline and mature manufacturing base must keep converting earnings into cash through the cycle, giving the company time to wait for demand recovery without financial stress. Durable cash generation lets owners benefit from a cyclical recovery; weak cash conversion would make the downturn more dangerous and reduce capital-allocation flexibility.
Mohawk’s balance sheet must remain strong enough to absorb a slow flooring cycle without forcing value-destructive issuance, distressed asset sales, or cuts to essential investment. Financial staying power preserves upside to a cyclical recovery; balance-sheet pressure would transfer value away from shareholders or weaken the franchise.
All standing thesis claims
Original report summary
the current earnings pressure is mainly a housing/remodel and factory-utilization trough rather than a structural loss of product relevance or pricing power.
Bull case and bear case
Bull case and bear case for Mohawk Industries
Where the evidence on Mohawk Industries stands: Holding on the latest evidence (Oct 12, 2026). Of its 5 thesis points, 2 strengthening and 3 holding.
Bull case: what the evidence supports
Residential and commercial flooring replacement and construction demand must normalize enough for Mohawk’s global flooring scale to convert back into volume, rather than leaving the company with structurally lower demand.
Mohawk’s manufacturing scale must regain cost absorption and pricing discipline as volume improves; otherwise higher sales would be low-quality growth with little margin recovery.
Mohawk must remain relevant as flooring demand shifts across carpet, rugs, hard surfaces, ceramic, laminate, vinyl, and other alternatives, rather than being overexposed to categories losing share.
Mohawk’s working-capital discipline and mature manufacturing base must keep converting earnings into cash through the cycle, giving the company time to wait for demand recovery without financial stress.
Mohawk’s balance sheet must remain strong enough to absorb a slow flooring cycle without forcing value-destructive issuance, distressed asset sales, or cuts to essential investment.
Bear case: what would count against it
A prolonged high-rate housing and remodeling downturn suppresses discretionary flooring replacement before Mohawk can regain volume.
Competitors such as Shaw Industries or low-cost importers force price concessions that prevent Mohawk from recovering input and labor costs.
Luxury vinyl tile, private-label hard-surface products, or imported alternatives gain permanent shelf space at major retailers and dealers.
Thesis-Break Engine
What has broken in Mohawk Industries’s thesis
Each break OptimistFi flagged on Mohawk Industries, dated — with what has historically followed the same kind of break across the market, not a forecast for Mohawk Industries.
- Insider-selling clustercondition set before this filing
Across all companies, this kind of break has happened 9,137 times before. Those stocks beat comparable companies by a median of 1% over the next six months, and 30% of them trailed it by 10 points or more.
- Price target fell below the stockcondition set before this filing
Across all companies, this kind of break has happened 1,809 times before. Those stocks trailed comparable companies by a median of 1% over the next six months, and 33% of them trailed it by 10 points or more.
- CEO / officer changecondition set before this filing
Across all companies, this kind of break has happened 16,849 times before. Those stocks trailed comparable companies by a median of 2% over the next six months, and 38% of them trailed it by 10 points or more.
Several kinds of break have stacked on Mohawk Industries at once. A cluster is a stronger read than any one signal alone.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedDirector or principal officer change.
Mohawk Industries filed an SEC 8-K on 2026-09-01: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Mohawk Industries filed an SEC 8-K on 2026-07-30: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedDirector or principal officer change.
Mohawk Industries filed an SEC 8-K on 2026-06-11: Director or principal officer change. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- A prolonged high-rate housing and remodeling downturn suppresses discretionary flooring replacement before Mohawk can regain volume.
- Competitors such as Shaw Industries or low-cost importers force price concessions that prevent Mohawk from recovering input and labor costs.
- Luxury vinyl tile, private-label hard-surface products, or imported alternatives gain permanent shelf space at major retailers and dealers.
- Inventory builds or customer receivable pressure absorb cash because demand weakens faster than production can be reduced.
- A multi-year flooring downturn causes cash flow to fall while fixed manufacturing and restructuring obligations remain high.
MHK news
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Financial statements
MHK income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
MHK: quick answers
- When does Mohawk Industries (MHK) report earnings next?
- Mohawk Industries's next results are projected for February 11, 2027, from the dates of its own results filings with the SEC. The company has not confirmed the date. It last reported on October 29, 2026. Earnings calendar
- What is MHK's short interest?
- As of October 30, 2026, 7.2M MHK shares were sold short, 12.3% of its shares outstanding, up 17.8% from the count before. At the stock's average daily volume that is 4.5 days to cover. FINRA publishes the count twice a month. MHK short interest history
- Have members of Congress traded MHK?
- Reports made public in the last 90 days disclose 3 trades in MHK by 1 filer: 2 purchases and 1 sale. They are filed under the STOCK Act by members of Congress, the President and senior officials. Every disclosed MHK trade
- Which well-known investors own MHK?
- 1 of the 37 well-known funds tracked here reported MHK shares in their latest 13F filing. By share of the fund's portfolio: Bridgewater Associates (Ray Dalio), 0.0%. Fund portfolios
MHK in well-known investors’ portfolios
1 of 37 funds reported MHK shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Ray DalioBridgewater Associates | 0.01% | $2.9M | +58.6% | Q2 2026 |