• Mohawk Industries average return on tangible equity for 2023 was -6.87, a 162.23% decline from 2022.
• Mohawk Industries average return on tangible equity for 2022 was 11.04, a 41.8% decline from 2021.
• Mohawk Industries average return on tangible equity for 2021 was 18.97, a 50.79% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.