MHKMOHAWK INDUSTRIES INC

Carpets & Rugs

Revenue: $10.8B; 0.5% YoY
Operating margin: 4.5%; 29% YoY
EBITDA: $1.1B; 14% YoY
Market cap: $9.8B
Employees: 40,500; $266K revenue each
Net debt / EBITDA: 0.3×; $356M net debt
AI in 10-K: 2.3; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
286% of net income
Cash flow under 80% of net income
Dilutive SBCNo
0% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
14% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
9% of assets
Over 40% of assets
Shareholder dissentNo
93% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$266K per employee
Bottom quartile of its SIC industry
Quiet on AINo
2.3 per 10K words · 60th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
0.3× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$9.8B market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingYes
−$32M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$11.2B	$11.7B	$11.1B	$10.8B	$10.8B	0.5%
Operating income	$1.3B	$244M	−$292M	$694M	$490M	29%
Net income	$1.0B	$25M	−$449M	$515M	$370M	28%
Operating cash flow	$1.3B	$669M	$1.3B	$1.1B	$1.1B	6.9%
Capex	$676M	$581M	$613M	$454M	$440M	3.2%
Stock-based comp	$26M	$22M	$21M	$28M	$30M	9.1%
Buybacks	$900M	$308M	$0	$163M	$150M	8.0%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $32M · 89
Net: −$32M

Pay vs performance

No pay-versus-performance disclosure yet.