• Mohawk Industries average gross margin for 2024 was 24.86%, a 4.37% decline from 2023.
• Mohawk Industries average gross margin for 2023 was 23.82%, a 11.38% increase from 2022.
• Mohawk Industries average gross margin for 2022 was 26.88%, a 5.58% decline from 2021.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.