Mohawk Industries(NYSE) MHK

Mohawk makes surfaces that people walk on, sit near, and live around every day. It provides floors, walls, and countertops for houses and office buildings globally. These products help people build new spaces or refresh their current homes and businesses.

What Mohawk Makes

• Global Ceramic: Ceramic, porcelain, and natural stone tiles for walls and floors; accounted for 40% of net sales in 2025.
• Flooring North America: Carpets, rugs, laminate, wood, and vinyl products sold in the United States; accounted for 34% of net sales in 2025.
• Flooring Rest of World: Flooring, insulation, and wood panels sold primarily in Europe, Australia, and New Zealand; accounted for 26% of net sales in 2025.
• Countertops and Slabs: Natural stone, quartz countertops, and large porcelain slabs for residential and commercial surfaces.
• Building Materials: Roofing panels, mezzanine flooring, and decorative panels used for European construction projects.

Recent Growth and New Moves

• Acquired Elizabeth Revestimentos in 2023 to expand its ceramic tile manufacturing and sales in Brazil.
• Purchased Vitromex in 2023 to increase its market share and production capacity in Mexico.
• Expanded the European wood panels business by acquiring Berghoef, Otto Schneider, and Panneaux De Correze.
• Extended the insulation segment into the United Kingdom and Ireland by acquiring Xtratherm and Ballytherm.
• Acquired Lentex Flooring to move its sheet vinyl business into the Eastern European market.

A Global Vertical Powerhouse

Mohawk controls its entire production process by making its own raw materials, including recycled plastic fibers and clay from its own mines. This vertical integration allows the company to manage costs and distribute products to roughly 180 countries.

The Financial Picture

• Net sales reached $10.8 billion for the full year 2025, with 46% of sales coming from outside the United States.
• Free cash flow rose to $265.2 million in Q4 2025, a 12.3% increase from the same period in 2024.
• Net income was $42 million in Q4 2025, down 54.9% from $93.2 million in Q4 2024.
• Operating cash flow grew to $459.6 million in Q4 2025, up 15.8% year-over-year.

The Bottom Line

Mohawk has transitioned from a domestic carpet maker into a global flooring giant through aggressive international acquisitions and diverse product lines. Its focus on manufacturing its own raw materials helps it adapt to changing construction and remodeling demands worldwide.