Mohawk Industries (NYSE: MHK), the global flooring manufacturer behind brands in ceramic tile, laminate, vinyl and carpet, enters December 2025 trading around $110–111 per share, with a market capitalization of roughly $6.8–6.9 billion. [1]
Year to date, the stock is up about 7%, meaning it has lagged the S&P 500’s roughly 17% year‑to‑date gain as of December 5. [2] Despite that underperformance, Mohawk recently posted an earnings beat, had its BBB+ credit rating affirmed with a Stable outlook by Fitch, and still carries a “Moderate Buy” / “Buy”‑level analyst consensus with 20–25% implied upside based on current price targets. [3]
At the same time, technical indicators on several platforms still flash “Strong Sell”, and some research pieces highlight structural concerns around growth and returns on capital. [4] The result is a classic cyclical value puzzle: fundamentally solid but operating in a very tough demand environment.
Below is a detailed look at Mohawk’s stock on December 6, 2025, weaving together the latest price action, earnings, credit view, analyst forecasts, and key risks.
1. Mohawk Industries Share Price Today (6 December 2025)
As of the latest trade on December 6, 2025, MHK changes hands at about $110.69. [5]
Key snapshot:
- Price: $110.69
- Day range: roughly $110–113 [6]
- 52‑week range: about $96.24 (low) to $143.13 (high) [7]
- Market cap: around $6.8–6.9 billion [8]
- Beta: ~1.2–1.3 vs the market, confirming it’s modestly more volatile than the S&P 500 [9]
- Trailing EPS (last twelve months): about $6.7 per share [10]
- Dividend:No regular dividend, consistent with Mohawk’s focus on reinvestment and buybacks rather than payouts. [11]
At today’s price, Mohawk trades roughly 23% below its 52‑week high and about 15% above its 52‑week low, putting it squarely in “mid‑range, bruised cyclical” territory. [12]
Using trailing earnings, the stock sits at a mid‑teens price‑to‑earnings multiple, while on consensus forward earnings it trades closer to ~12x 2025 EPS and ~11x 2026 EPS (see section 4). [13]
2. Recent Trading Action: From Post‑Earnings Moves to Early‑December Weakness
The past few weeks have been busy for MHK shareholders:
- Post‑earnings volatility: After Mohawk reported Q3 2025 results that beat revenue and EPS expectations, the stock initially rose in reaction to better‑than‑feared numbers and a detailed long‑term outlook. [14] However, several recaps note that shares dropped about 5% in post‑market trading as investors focused on soft demand and cautious guidance. [15]
- Late‑November bounce: By late November, MHK logged a double‑digit gain in a single week, but was still down mid‑teens over the prior 12 months, according to analysis flagging the stock as a potential “hidden opportunity” after a 10% weekly rally. [16]
- Macro‑driven surges: A TradingView recap highlighted Mohawk among a group of stocks that spiked intraday after comments from a Federal Reserve official strengthened hopes for lower interest rates, underlining how rate expectations still heavily influence housing‑linked names. [17]
- Early‑December softness: On December 4, Mohawk fell about 2.8% to close near $112, underperforming both the S&P 500 and key flooring peers such as Interface, before sliding again into December 5–6. [18]
Taken together, the trading pattern is exactly what you’d expect from a cyclical, housing‑sensitive stock: sharp moves around macro headlines and rate expectations layered on top of company‑specific news.
3. Fundamentals: Q3 2025 Earnings and Guidance
Mohawk’s Q3 2025 results, released on October 23, form the core fundamental backdrop for the stock right now. [19]
Key numbers (Q3 2025):
- Net sales: about $2.76–2.8 billion, up 1.4% year on year, modestly ahead of consensus expectations. [20]
- GAAP EPS:$1.75
- Adjusted EPS:$2.67, beating analyst estimates by a small margin but down from $2.90 in Q3 2024, reflecting margin pressure. [21]
- Free cash flow: roughly $310 million generated in the quarter. [22]
- Share repurchases: around 315,000 shares bought back in Q3, with roughly $108 million of buybacks year‑to‑date. [23]
For the first nine months of 2025, Mohawk reported:
- Net sales: about $8.1 billion, slightly down 1–2% year on year.
- Adjusted EPS: around $6.96 for the nine‑month period. [24]
Guidance:
Management guided Q4 2025 adjusted EPS to roughly $1.90–2.00, below prior Street expectations (around $2.10+), and described 2026 as a “transitional” year in which lower interest rates should gradually support demand in remodeling and new construction. [25]
CFO transition:
Mohawk also announced that long‑time CFO James F. Brunk will retire in April 2026, to be succeeded by Nicholas P. Manthey, a move that adds some leadership change to the story but was generally framed as orderly succession. [26]
The earnings picture is therefore a mixed one: Mohawk is beating estimates and throwing off solid cash, but volumes are soft, margins compressed versus last year, and near‑term guidance reflects ongoing end‑market weakness.
4. Credit Quality and Balance Sheet: Fitch Affirms ‘BBB+’ With Stable Outlook
On December 3, 2025, Fitch Ratings affirmed Mohawk Industries’ Issuer Default Rating at ‘BBB+’ with a Stable outlook, signaling continued confidence in the company’s ability to service its debt despite weak demand. [27]
In its brief, Fitch highlighted:
- Expectations that 2025 EBITDA margin will decline about 100–150 basis points to ~12%, reflecting volume headwinds and pricing pressure.
- A forecast for modest margin expansion (25–50 bps) in 2026 as demand normalizes and cost actions gain traction.
- Solid free‑cash‑flow margins, aided by working‑capital discipline and controlled capex. [28]
Market data show a capital structure with roughly $2.3–2.4 billion of total debt and a market cap near $6.9 billion, positioning Mohawk within typical leverage ranges for an investment‑grade, cyclical manufacturer. [29]
In short: the credit market still views Mohawk as a solid, investment‑grade issuer whose cyclical swings are manageable rather than existential.
5. Analyst Ratings and Price Targets: Cautiously Constructive
Across major data providers, Mohawk currently sits in the “Moderate Buy” to “Buy” zone:
- MarketBeat reports a consensus rating of “Moderate Buy” from around 15 analysts (one Strong Buy, eight Buy, six Hold), with an average 12‑month price target near $138–139. [30]
- StockAnalysis and other aggregators show a similar average target of about $138, with a range roughly $118 on the low end to $155 on the high end. [31]
- Investing.com’s forecast block cites an average target around $138–139 as well, implying ~25% upside from the current price. [32]
Breaking down some notable recent moves:
- Wells Fargo on December 4 cut its price target from $130 to $125 and maintained an “Equal Weight” (Hold) rating, implying low‑double‑digit upside but no call for outperformance. [33]
- Evercore ISI and Barclays previously nudged targets lower (to around $118 and $122, respectively) while keeping Hold‑type ratings. [34]
- Raymond James stands out with a Strong Buy and a $150 target, betting on a stronger recovery scenario. [35]
On the earnings side, consensus estimates cluster roughly at:
- 2025 EPS: about $8.9–9.0 per share
- 2026 EPS: about $10.0–10.7 per share [36]
At today’s price near $111, that implies:
- ~12× 2025 EPS
- ~11× 2026 EPS
— a valuation that is cheaper than the broader market but in line with many cyclical building‑products names that are still working through a housing slowdown.
One complication: short‑term technical models (moving‑average and momentum‑based systems) on Investing.com currently flag Mohawk as a “Strong Sell” on the daily timeframe, reflecting recent price weakness rather than a fundamental call. [37]
6. Demand Environment and SWOT: Flooring Giant in a Weak Housing Cycle
An extended SWOT analysis published in mid‑November highlights how brutal 2025 has been for flooring demand: housing turnover has been depressed by high interest rates, and discretionary renovation has softened as consumers react to tighter financial conditions. [38]
Key themes from that and other research:
- Strengths
- Global scale across Global Ceramic, Flooring North America, and Flooring Rest of World segments. [39]
- Productivity and cost advantages from domestic manufacturing and prior restructuring. [40]
- Product breadth, including premium ceramic, LVT (luxury vinyl tile) and laminate collections that have been outperforming lower‑priced lines. [41]
- Weaknesses & threats
- Persistent volume pressure through the first three quarters of 2025 with “little improvement” over time, leading analysts to trim both near‑ and medium‑term expectations. [42]
- Margin compression versus 2024, even as pricing and mix help offset some volume declines. [43]
- Exposure to housing and renovation cycles, plus competition from lower‑cost imports and smaller regional players. [44]
- Opportunities
Independent housing specialists such as Zelman & Associates have repeatedly emphasized that flooring recovery will likely be slow and uneven, flagging ERP rollout issues and macro headwinds as reasons to be cautious on near‑term margins. [47]
7. Insider and Institutional Activity: Mixed Signals
Recent filings show a blend of insider selling and institutional accumulation:
- Insider sales:
- Suzanne (Helen) L., listed as a possible group member at Mohawk, has filed multiple sales:
- Even after these transactions, she still holds well over 200,000 shares combined (direct and indirect), indicating portfolio management rather than an exit. [50]
- Institutional buying:
- Grantham Mayo Van Otterloo & Co. disclosed a new position of 10,009 shares in Mohawk, acquired during the second quarter. [51]
- A recent MarketBeat summary noted that Eisler Capital Management also lifted its holdings, and that institutional investors collectively own around 79% of Mohawk, while insiders own roughly 17%. [52]
This mix — insiders trimming modestly while long‑only institutions and hedge funds add — is typical of a mature cyclical name where valuation is attractive but the macro picture is still cloudy.
8. Valuation: Cheap, or Just Appropriately Discounted?
Several recent analyses explicitly tackle the valuation versus risk discussion:
- A StockStory/WRAL piece on “3 Consumer Stocks with Warning Signs” highlighted Mohawk’s lack of organic revenue growth over the last two years, flat projected free‑cash‑flow margins, and declining returns on capital, even while noting that the stock trades at roughly 11–12× forward earnings and a price modestly above book value. [53]
- Using current data:
- Forward P/E (2025): ~12x
- Forward P/E (2026): ~11x
- Price‑to‑sales (TTM): about 0.6–0.7x (market cap ~$6.8–6.9B vs. revenue ~$10.7B). [54]
That combination — low price‑to‑sales, mid‑teens trailing P/E, low‑teens forward P/E — is classic for a cyclical industrial in the trough of a demand cycle. Bulls argue that if earnings recover toward the high‑single‑digit to low‑double‑digit EPS range and margins move back above 13–14%, today’s price could look conservative. [55]
Bears respond that returns on capital have trended lower, organic growth has been scarce, and competitive intensity in flooring is high — so the market may be assigning a permanent discount rather than a temporary one. [56]
9. Key Catalysts to Watch Into 2026
For investors tracking Mohawk, several near‑ and medium‑term catalysts stand out:
- Q4 2025 earnings (expected February 5, 2026) – The first big test of management’s guidance range of $1.90–2.00 in EPS, and a crucial update on order trends, pricing, and backlogs. [57]
- Interest‑rate path and housing turnover – Lower mortgage rates in 2026 could unlock pent‑up demand for both new homes and renovations, benefiting high‑ticket categories like flooring. [58]
- Execution on cost and productivity initiatives – With Fitch expecting modest margin improvement from a ~12% EBITDA base in 2026, any evidence of faster‑than‑expected efficiency gains could support multiple expansion. [59]
- CFO transition and capital allocation – How incoming CFO Nicholas Manthey approaches buybacks, capex and potential M&A will shape the long‑term equity story. [60]
- Further analyst revisions – As the macro picture evolves, expect target price changes and rating tweaks, like the recent Wells Fargo cut to $125 and other downward adjustments from Evercore and Barclays. [61]
10. Bottom Line: A Cyclical Value Story With Real Macro Risk
As of December 6, 2025, Mohawk Industries sits at an interesting intersection:
- Fundamentals: earnings beats, strong free cash flow, stable investment‑grade credit rating. [62]
- Valuation: low‑teens forward P/E and sub‑1× sales, with consensus targets implying around 20–25% upside. [63]
- Risks: prolonged housing sluggishness, shrinking margins versus prior cycles, and questions about organic growth and capital efficiency. [64]
For readers, the key question isn’t simply whether MHK is “cheap”, but how comfortable you are underwriting a cyclical recovery in flooring and renovation over the next 3–5 years.
References
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