Latest Ratios: P/E Ratio 17.4x · EV/EBITDA 8.2x · ROE 4.6%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.2B | $6.8B | $7.6B | $6.6B | $6.5B | $12.6B | $10.1B | $9.9B | $8.7B | $20.6B | $14.9B |
| Enterprise Value | $10.8B | $8.4B | $9.5B | $9.1B | $9.3B | $15.1B | $12.4B | $12.6B | $11.9B | $23.3B | $17.3B |
| P/E Ratio → | 17.42 | 18.43 | 14.64 | — | 262.10 | 12.19 | 19.52 | 13.24 | 10.15 | 21.26 | 16.00 |
| P/S Ratio | 0.82 | 0.63 | 0.70 | 0.59 | 0.56 | 1.12 | 1.05 | 0.99 | 0.88 | 2.18 | 1.66 |
| P/B Ratio | 1.12 | 0.81 | 1.00 | 0.86 | 0.82 | 1.49 | 1.18 | 1.21 | 1.18 | 2.92 | 2.57 |
| P/FCF | 10.29 | 11.07 | 11.15 | 9.27 | 74.07 | 19.90 | 7.49 | 11.29 | 22.58 | 71.80 | 22.72 |
| P/OCF | 8.69 | 6.46 | 6.68 | 4.98 | 9.79 | 9.62 | 5.69 | 6.95 | 7.40 | 17.30 | 11.22 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.78 | 0.88 | 0.82 | 0.79 | 1.34 | 1.29 | 1.27 | 1.19 | 2.46 | 1.93 |
| EV / EBITDA | 8.15 | 7.25 | 7.16 | 26.56 | 11.03 | 7.81 | 9.94 | 8.99 | 7.35 | 12.95 | 10.23 |
| EV / EBIT | 21.14 | 17.31 | 13.73 | — | 39.27 | 11.17 | 19.41 | 15.96 | 10.92 | 17.29 | 13.48 |
| EV / FCF | — | 13.67 | 14.04 | 12.80 | 104.73 | 23.78 | 9.20 | 14.45 | 30.69 | 81.11 | 26.36 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.9% | 23.9% | 24.8% | 24.3% | 25.1% | 29.2% | 25.4% | 26.8% | 28.4% | 31.6% | 31.4% |
| Operating Margin | 4.7% | 4.7% | 6.4% | -2.6% | 2.1% | 11.9% | 6.7% | 8.3% | 11.0% | 14.3% | 14.3% |
| Net Profit Margin | 3.4% | 3.4% | 4.8% | -3.9% | 0.2% | 9.2% | 5.4% | 7.5% | 8.6% | 10.2% | 10.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.6% | 4.6% | 6.8% | -5.6% | 0.3% | 12.2% | 6.2% | 9.6% | 11.9% | 15.1% | 17.5% |
| ROA | 2.8% | 2.8% | 3.9% | -3.2% | 0.2% | 7.2% | 3.7% | 5.6% | 6.8% | 8.7% | 9.2% |
| ROIC | 3.9% | 3.9% | 5.3% | -2.1% | 1.7% | 9.2% | 4.4% | 5.8% | 8.1% | 11.3% | 11.9% |
| ROCE | 4.8% | 4.8% | 6.8% | -2.7% | 2.2% | 11.5% | 5.6% | 8.1% | 11.4% | 16.0% | 18.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 0.35 | 0.41 | 0.40 | 0.32 | 0.36 | 0.36 | 0.44 | 0.39 | 0.43 |
| Debt / EBITDA | 2.11 | 2.11 | 1.97 | 9.20 | 3.84 | 1.42 | 2.47 | 2.07 | 2.01 | 1.53 | 1.49 |
| Net Debt / Equity | — | 0.19 | 0.26 | 0.33 | 0.34 | 0.29 | 0.27 | 0.34 | 0.42 | 0.38 | 0.41 |
| Net Debt / EBITDA | 1.38 | 1.38 | 1.47 | 7.32 | 3.23 | 1.28 | 1.85 | 1.97 | 1.94 | 1.49 | 1.41 |
| Debt / FCF | — | 2.60 | 2.89 | 3.53 | 30.66 | 3.88 | 1.71 | 3.17 | 8.11 | 9.31 | 3.65 |
| Interest Coverage | 27.33 | 27.33 | 14.32 | -3.57 | 4.54 | 23.53 | 12.16 | 19.16 | 28.02 | 43.36 | 31.61 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.19 | 2.19 | 2.06 | 1.78 | 1.92 | 1.78 | 2.26 | 1.63 | 1.38 | 1.53 | 1.28 |
| Quick Ratio | 1.21 | 1.21 | 1.12 | 0.97 | 1.01 | 0.97 | 1.46 | 0.79 | 0.68 | 0.80 | 0.66 |
| Cash Ratio | 0.31 | 0.31 | 0.25 | 0.20 | 0.22 | 0.20 | 0.57 | 0.07 | 0.04 | 0.03 | 0.04 |
| Asset Turnover | — | 0.79 | 0.85 | 0.82 | 0.83 | 0.79 | 0.67 | 0.74 | 0.76 | 0.78 | 0.88 |
| Inventory Turnover | 3.08 | 3.08 | 3.24 | 3.30 | 3.15 | 3.32 | 3.72 | 3.20 | 3.12 | 3.33 | 3.67 |
| Days Sales Outstanding | — | 65.12 | 60.77 | 61.45 | 59.23 | 59.96 | 65.32 | 55.89 | 58.72 | 59.92 | 56.07 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 5.4% | 6.8% | — | 0.4% | 8.2% | 5.1% | 7.6% | 9.8% | 4.7% | 6.3% |
| FCF Yield | 9.7% | 9.0% | 9.0% | 10.8% | 1.4% | 5.0% | 13.4% | 8.9% | 4.4% | 1.4% | 4.4% |
| Buyback Yield | 1.6% | 2.2% | 2.1% | 0.0% | 4.7% | 7.1% | 1.9% | 1.0% | 3.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.6% | 2.2% | 2.1% | 0.0% | 4.7% | 7.1% | 1.9% | 1.0% | 3.1% | 0.0% | 0.0% |
| Shares Outstanding | — | $62M | $64M | $64M | $64M | $69M | $71M | $72M | $75M | $75M | $75M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MHK stock.
Mohawk Industries, Inc.'s current P/E ratio is 17.4x. The historical average is 16.9x. This places it at the 62th percentile of its historical range.
Mohawk Industries, Inc.'s current EV/EBITDA is 8.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
Mohawk Industries, Inc.'s return on equity (ROE) is 4.6%. The historical average is 10.2%.
Based on historical data, Mohawk Industries, Inc. is trading at a P/E of 17.4x. This is at the 62th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Mohawk Industries, Inc. has 23.9% gross margin and 4.7% operating margin.
Mohawk Industries, Inc.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Thin net margin buffer
Metrics are mathematically derived from official filings.
Premium Trailing Multiple Versus Forward Discount
Based on reported figures, MHK trades at 25.44x trailing earnings but only 15.41x forward earnings, a gap that suggests the market is pricing in a meaningful recovery in earnings from the depressed levels of the past several quarters.
The compression from trailing to forward P/E implies analysts expect the latest quarter's $3.22 EPS strength to be only partially sustainable against the $2.50 to $2.60 guidance band. Relative to peers, MHK's 9.29x trailing EV/EBITDA sits well below Armstrong World Industries at 13.83x and Interface at 11.60x, which may reflect the lower net margin of 3.43% and cyclical housing exposure rather than a clear mispricing. Investors should monitor whether forward earnings revisions follow through, since the discount depends on that recovery occurring.
Margin Band Narrow, Operating Leverage Wide
As reported in the ten-quarter ratio series, MHK's gross margin held within 23.1% to 26.6%, while operating margin swung between 3.7% and 8.5%, indicating that earnings power is driven far more by volume and fixed-cost absorption than by pricing.
A stable gross margin alongside a volatile operating margin implies that SG&A and fixed manufacturing costs absorb much of any revenue change, which is consistent with the high-fixed-cost kiln and extrusion footprint. The latest 6.7% operating margin and 5.9% net margin sit below the 19.0% net margin reported for Armstrong World Industries, suggesting a structural rather than purely temporary gap. Operating margin rather than net margin is the more reliable gauge of earning power here, since net margin is further compressed by interest and restructuring charges.
Returns Subdued Relative to Capital Base
Based on MHK's reported quarterly data, ROIC ranged from 0.7% to 1.9% and ROE from 0.5% to 2.3%, both well below the 11.3% and 18.5% ROIC and ROE reported for Interface and the 24.9% ROIC reported for Armstrong World Industries.
Returns have shown no sustained compounding across the period, with ROIC oscillating in a narrow low band rather than trending upward despite deleveraging. This pattern suggests that a large invested capital base, including goodwill and PPE, is absorbing earnings growth without generating proportionate returns. Analysts should monitor whether margin recovery translates into a rising ROIC trajectory, since current levels may indicate capital that is not yet earning its cost.
Deleveraging Improves Coverage Comfort
According to reported quarterly figures, MHK's debt-to-equity fell from 0.37 to 0.27 and interest coverage improved to 115.56x in the latest quarter, though the coverage series is volatile across periods.
The steady reduction in leverage implies debt service has become materially less burdensome, with D/EBITDA easing toward 6.52x in 2026Q3 from above 8x in earlier quarters. However, a D/EBITDA above 6x still reflects a meaningful debt load relative to operating earnings, and the sharp swings in interest coverage suggest the metric is sensitive to quarterly EBIT timing. Refinancing risk appears contained on the reported figures, though the conclusion depends on sustained earnings rather than the current quarter alone.
Cash Conversion Mask Earnings Quality Risk
As reported in the quarterly cash flow data, working capital releases of $128M to $141M coincided with MHK's strongest free cash flow quarters, suggesting that a material share of recent cash generation may reflect timing rather than durable earnings.
The current ratio of 1.91 and quick ratio of 1.09 appear comfortable, yet they may be flattered by working capital unwinds that do not recur. The DSO of 72 days against a DPO of 80 days yields a cash conversion cycle of 105 days, which is the metric most commonly misapplied here because it obscures the seasonal inventory build. Investors should monitor free cash flow normalized for working capital rather than relying on the 14.0% quarterly FCF margin.