Mohawk Industries, Inc. (MHK) is the world’s largest flooring manufacturer, headquartered in Calhoun, Georgia. Valued at a market cap of $6.5 billion, the company operates through three main segments, Global Ceramic, Flooring North America, and Flooring Rest of the World, producing a wide range of products including ceramic and porcelain tiles, natural stone countertops, carpet, vinyl, laminate, wood flooring, insulation, and panels

Companies valued between $2 billion and $10 billion are generally classified as “mid-cap stocks," and Mohawk Industries fits this criterion perfectly. Its competitive edge lies in its scale, geographic reach, diversified brand portfolio, and vertically integrated operations, all backed by consistent cash flow and a disciplined capital structure.

But it’s not all sunshine and rainbows for the stock. MHK touched its 52-week high of $164.29 on Oct. 21 and is currently trading 37.5% below the peak. It has declined 11.6% in the past three months, underperforming the broader Nasdaq Composite’s ($NASX) 9.3% rise over the same time frame.

Mohawk Industries has declined 13.9% in 2025, trailing the Nasdaq’s 3.4% gain. Over the past 52 weeks, the stock is down 3.5%, significantly underperforming the Nasdaq’s 12.7% increase during the same period. 

MHK has remained below its 200-day moving average since December and has also traded under its 50-day moving average since late January, both signaling a sustained downward trend.

On May 28, Mohawk Industries’ shares fell over 3% as homebuilding stocks and suppliers came under pressure from rising Treasury yields, which raised concerns about weakening housing demand.

Its top rival, MasterBrand, Inc. (MBC), has lagged behind MHK, dropping 25.7% over the past 52 weeks and 25.4% on a YTD basis. 

The stock has a consensus rating of “Moderate Buy” from the 15 analysts covering it, and its mean price target of $127.07 implies a premium of 23.8% from the prevailing price levels.