What is Mohawk Industries's net debt?

Mohawk Industries (MHK) reported net debt of $1.65B in Q1 2026.

How has Mohawk Industries's net debt changed year-over-year?

Mohawk Industries's net debt decreased by 20.8% year-over-year, from $2.09B to $1.65B.

What is the long-term trend for Mohawk Industries's net debt?

Over 5 years (2020 to 2025), Mohawk Industries's net debt has grown at a -6.4% compound annual growth rate (CAGR), from $2.34B to $1.68B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Mohawk Industries MHK Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cleveland-CliffsCLF

40×—

Armstrong World IndustriesAWI

0.9×-0.1×

LAD

Lithia MotorsLAD

0.4×0.0×

Albertsons CompaniesACI

4.1×+0.4×

Karman Holdings Inc.KRMN

5.9×+2.7×

Pilgrim's Pride CorporationPPC

1.5×+0.9×

Other financials

Income statement

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Revenue$2.7B+8.0%

Gross profit$641.9M+10.0%

Operating income$111.8M+16.5%

Net income$117.1M+61.3%

EPS (diluted)$1.90+65.2%

Balance sheet

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Cash & equivalents$872.3M+24.2%

Total debt$2.5B-9.5%

Total equity$8.4B+6.6%

Total assets$13.8B+2.9%

Cash flow

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Operating cash flow$110.1M+2,876%

CapEx$102.3M+14.8%

Free cash flow$7.8M+109%

Valuation

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Market cap$6.85B-15.3%

Enterprise value$8.5B-16.6%

P/E16.5×-0.2×

P/S0.6×-0.1×

Profitability

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Gross margin24%-0.6pp

Operating margin4.6%-1.4pp

Net margin3.8%-0.7pp

FCF margin6.5%+1.8pp

Returns & leverage

See full

Return on equity5.1%-1.1pp

Debt / equity0.3×-0.1×

Current ratio2.2×+0.1×

Where this comes from

Calculated from Mohawk Industries’s reported figures.

$2.5Btotal debt−$872.3Mcash and equivalents=$1.65B

The official record: Mohawk Industries’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mohawk Industries's net debt?: Mohawk Industries (MHK) reported net debt of $1.65B in Q1 2026.
How has Mohawk Industries's net debt changed year-over-year?: Mohawk Industries's net debt decreased by 20.8% year-over-year, from $2.09B to $1.65B.
What is the long-term trend for Mohawk Industries's net debt?: Over 5 years (2020 to 2025), Mohawk Industries's net debt has grown at a -6.4% compound annual growth rate (CAGR), from $2.34B to $1.68B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.