Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $9,552 | $11,201 | $11,737 | $11,135 | $10,837 |
| Gross Profit | $2,431 | $3,269 | $2,943 | $2,710 | $2,688 |
| Operating Income | $636 | $1,335 | $244 | -$288 | $695 |
| Net Income | $516 | $1,033 | $25 | -$440 | $518 |
Over the five-year period, Mohawk Industries displayed a mix of growth and volatility across key income statement items. Revenue increased from approximately 9.55 billion USD in 2020 to a peak of around 11.74 billion USD in 2022, though it then trended lower to about 10.84 billion USD in 2024. The gross profit followed a similar pattern—rising notably from 2.43 billion USD in 2020 to 3.27 billion USD in 2021 (a significant jump of nearly 35%) before declining to roughly 2.69 billion USD in both 2023 and 2024. The sharp increase in revenue and gross profit in 2021 suggests successful market expansion or favorable pricing strategies, while the subsequent decline may reflect shifts in market conditions, cost pressures, or competitive dynamics within the flooring and building materials sector. Operating and net income exhibited even greater variability. Operating income more than doubled from 636 million USD in 2020 to 1.34 billion USD in 2021—a dramatic improvement that indicates strong operational performance. However, a steep downturn occurred in 2022, with operating income plunging to about 244 million USD and turning negative (−288 million USD) in 2023. Net income experienced a correspondingly steep decline, from roughly 515 million USD in 2020 and 1.03 billion USD in 2021 to a marginal 25 million USD in 2022, before reversing to positive territory in 2024 at 518 million USD. These fluctuations, particularly the year‐over‐year swings exceeding 20%, likely stem from internal restructuring, shifts in input costs, or transient market challenges. Overall, while Mohawk Industries has demonstrated an ability to rebound, the volatility underscores the importance of ongoing operational discipline and market adaptation to ensure long‑term financial health and sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.