Mohawk Historical Income Statement

MHK Stock  USD 138.83  0.27  0.19%   
Historical analysis of Mohawk Industries income statement accounts such as Gross Profit of 1.7 B can show how well Mohawk Industries performed in making a profits. Evaluating Mohawk Industries income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Mohawk Industries's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Mohawk Industries latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Mohawk Industries is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mohawk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
For more information on how to buy Mohawk Stock please use our How to buy in Mohawk Stock guide.

About Mohawk Income Statement Analysis

Mohawk Industries Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Mohawk Industries shareholders. The income statement also shows Mohawk investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Mohawk Industries Income Statement Chart

At this time, Mohawk Industries' Depreciation And Amortization is quite stable compared to the past year. Income Tax Expense is expected to rise to about 110.5 M this year, although the value of Gross Profit will most likely fall to about 1.7 B.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Mohawk Industries minus its cost of goods sold. It is profit before Mohawk Industries operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Mohawk Industries. It is also known as Mohawk Industries overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Mohawk Industries income statement and represents the costs associated with goods and services Mohawk Industries provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from Mohawk Industries' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Mohawk Industries current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mohawk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
For more information on how to buy Mohawk Stock please use our How to buy in Mohawk Stock guide.At this time, Mohawk Industries' Depreciation And Amortization is quite stable compared to the past year. Income Tax Expense is expected to rise to about 110.5 M this year, although the value of Gross Profit will most likely fall to about 1.7 B.
 2021 2022 2023 2024 (projected)
Interest Expense57.3M51.9M77.5M71.2M
Depreciation And Amortization649.8M647.9M630.3M661.8M

Mohawk Industries income statement Correlations

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0.020.06-0.040.11-0.21-0.24-0.240.10.14-0.31-0.23-0.3-0.270.14-0.43-0.35-0.29-0.260.22-0.290.47-0.21-0.08-0.18
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0.73-0.040.970.940.510.540.620.940.940.570.080.510.660.90.250.42-0.190.850.050.33-0.62-0.090.40.09
0.820.111.00.940.260.30.441.00.990.30.080.250.410.98-0.010.16-0.280.80.210.05-0.58-0.270.580.0
-0.11-0.210.340.510.260.710.680.270.230.82-0.080.760.770.130.630.750.060.22-0.60.75-0.060.65-0.480.58
0.15-0.240.380.540.30.710.960.310.290.92-0.060.890.70.20.460.880.320.31-0.590.66-0.130.43-0.190.57
0.29-0.240.50.620.440.680.960.440.420.890.040.880.610.320.350.860.190.37-0.640.51-0.190.43-0.070.63
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0.06-0.310.380.570.30.820.920.890.30.290.180.990.690.190.560.970.070.33-0.630.62-0.20.61-0.320.62
0.02-0.230.080.080.08-0.08-0.060.040.080.10.180.28-0.30.07-0.040.28-0.680.13-0.21-0.4-0.310.270.050.2
0.02-0.30.320.510.250.760.890.880.250.250.990.280.580.150.480.990.010.26-0.690.51-0.150.66-0.340.67
0.23-0.270.480.660.410.770.70.610.410.390.69-0.30.580.340.730.530.320.55-0.130.91-0.420.14-0.090.1
0.840.140.970.90.980.130.20.320.980.990.190.070.150.34-0.060.05-0.30.80.35-0.03-0.59-0.370.64-0.11
-0.15-0.430.060.25-0.010.630.460.35-0.01-0.010.56-0.040.480.73-0.060.480.160.17-0.20.79-0.370.44-0.420.19
-0.07-0.350.230.420.160.750.880.860.160.150.970.280.990.530.050.480.050.18-0.740.5-0.080.71-0.40.73
-0.15-0.29-0.25-0.19-0.280.060.320.19-0.27-0.320.07-0.680.010.32-0.30.160.05-0.15-0.040.50.18-0.12-0.060.04
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-0.1-0.290.130.330.050.750.660.510.050.030.62-0.40.510.91-0.030.790.50.50.19-0.26-0.180.28-0.350.17
-0.70.47-0.6-0.62-0.58-0.06-0.13-0.19-0.58-0.58-0.2-0.31-0.15-0.42-0.59-0.37-0.080.18-0.81-0.32-0.180.34-0.620.35
-0.59-0.21-0.22-0.09-0.270.650.430.43-0.27-0.290.610.270.660.14-0.370.440.71-0.12-0.39-0.820.280.34-0.810.85
0.86-0.080.540.40.58-0.48-0.19-0.070.580.58-0.320.05-0.34-0.090.64-0.42-0.4-0.060.650.57-0.35-0.62-0.81-0.54
-0.36-0.180.030.090.00.580.570.630.01-0.040.620.20.670.1-0.110.190.730.04-0.24-0.80.170.350.85-0.54
Click cells to compare fundamentals

Mohawk Industries Account Relationship Matchups

Mohawk Industries income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization576.5M789.6M649.8M647.9M630.3M661.8M
Interest Expense41.3M52.4M57.3M51.9M77.5M71.2M
Total Revenue10.0B9.6B11.2B11.7B11.1B6.4B
Gross Profit2.7B2.4B3.3B2.9B2.7B1.7B
Other Operating Expenses9.1B8.9B9.9B10.8B10.5B5.9B
Operating Income214.4M29.2M755.5M931.6M(287.8M)(273.4M)
Ebit214.4M636.8M1.3B235.8M(287.8M)(273.4M)
Ebitda790.8M1.4B2.0B883.7M(287.8M)(273.4M)
Cost Of Revenue7.3B7.1B7.9B8.8B8.4B4.7B
Total Operating Expenses1.8B1.8B1.9B2.0B2.1B1.3B
Income Before Tax749.5M584.4M1.3B183.9M(354.5M)(336.8M)
Total Other Income Expense Net535.2M(51.6M)(45.0M)(60.3M)(66.7M)(63.4M)
Net Income744.2M515.6M1.0B25.2M(439.5M)(417.5M)
Income Tax Expense5.0M68.6M256.4M158.1M84.9M110.5M
Selling General Administrative1.7B1.7B1.8B1.9B2.1B1.3B
Net Income Applicable To Common Shares744.2M515.6M1.0B25.2M29.0M27.6M
Minority Interest360K132K(389K)(536K)(301K)(286.0K)
Net Income From Continuing Ops744.6M515.7M1.0B25.8M(545.2M)(518.0M)
Non Operating Income Net Other(36.4M)751K12.2M(8.4M)(7.5M)(7.9M)
Selling And Marketing Expenses130.2M106.0M139.5M126.9M135.2M115.6M
Tax Provision5.0M68.6M256.4M158.1M73.6M135.9M
Interest Income34.1M52.4M57.3M51.9M46.7M40.6M
Net Interest Income(41.3M)(52.4M)(57.3M)(51.9M)(74.7M)(78.5M)
Reconciled Depreciation576.5M607.5M591.7M595.5M635.1M624.6M

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When determining whether Mohawk Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mohawk Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mohawk Industries Stock. Highlighted below are key reports to facilitate an investment decision about Mohawk Industries Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mohawk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
For more information on how to buy Mohawk Stock please use our How to buy in Mohawk Stock guide.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mohawk Industries. If investors know Mohawk will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mohawk Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.557
Earnings Share
8.86
Revenue Per Share
170.048
Quarterly Revenue Growth
(0.02)
Return On Assets
0.0432
The market value of Mohawk Industries is measured differently than its book value, which is the value of Mohawk that is recorded on the company's balance sheet. Investors also form their own opinion of Mohawk Industries' value that differs from its market value or its book value, called intrinsic value, which is Mohawk Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mohawk Industries' market value can be influenced by many factors that don't directly affect Mohawk Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mohawk Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mohawk Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mohawk Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.