Filing Flows › Mohawk Industries (MHK) › Q1 2025
Mohawk Industries (MHK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Mohawk Industries (MHK) reported revenue of $2.5B for the first quarter 2025 (Q1 2025), -6% from a year earlier and -4% from the quarter before. Operating margin was 3.8%, net earnings $72.6M (2.9% of revenue).
Mohawk Industries, Q1 2025: revenue $2.5B (-6% year over year), operating margin 3.8%, net earnings $72.6M, operating cash flow $3.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | -4% | -6% |
| Gross profit | $583M | -6% | -10% |
| Operating profit | $96.0M | -20% | -35% |
| Net earnings | $72.6M | -20% | -31% |
| Operating cash flow | $3.7M | -99% | -98% |
What changed
Revenue was $2.5B in Q1 2025, down 6% year over year and down 4% from the previous quarter. Ceramic & Stone was the largest line at 39% of revenue. Ceramic & Stone lost $0.06B year over year (down 6%), 40% of the total change.
Gross margin was 23.1%, down 1.1 points from a year earlier. Operating profit was $0.10B, a 3.8% margin (down 1.7 points year over year). Operating expenses fell 3% while revenue fell 6%. Net earnings were $0.07B, down 31% year over year. The effective tax rate was 19.4%.
Operating cash flow was $3.7M (down 98% year over year), 5% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.23B. Capital expenditures of $0.09B exceeded it, leaving free cash flow of −$0.09B.
Questions
What was Mohawk Industries' revenue in the first quarter 2025?
Mohawk Industries (MHK) reported revenue of $2.5B for the first quarter 2025 (Q1 2025), -6% from a year earlier and -4% from the quarter before.
Was Mohawk Industries profitable in the first quarter 2025?
Operating profit was $96.0M (3.8% of revenue) and net earnings $72.6M.
Source: Mohawk Industries 10-Q on SEC EDGAR.