NASDAQ : CULP
Culp, Inc. — Financial statements
Consumer Discretionary · Textile Manufacturing · United States
Last price 3.62 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 46.10M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Culp, Inc. (CULP) reported revenue of 206.76M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 206.76M | 203.48M | 213.24M | 225.33M | 234.93M | 294.84M |
| Cost of Revenue | 179.46M | 177.39M | 186.55M | 197.35M | 223.94M | 258.75M |
| Gross Profit | 27.30M | 26.09M | 26.69M | 27.98M | 10.99M | 36.09M |
| Selling, General & Admin | 34.26M | 34.67M | 35.70M | 38.61M | 37.98M | 35.41M |
| Operating Expenses | 34.26M | 34.67M | 35.70M | 38.61M | 37.98M | 35.41M |
| Operating Income | -6.96M | -8.58M | -9.02M | -10.63M | -26.98M | 678.00K |
| Interest Expense | -731.00K | -759.00K | -231.00K | -11.00K | -17.00K | |
| Interest & Investment Income | 972.00K | 1.07M | 915.00K | 1.17M | 531.00K | 373.00K |
| Currency Exchange Gain (Loss) | -1.51M | -1.27M | 117.00K | 545.00K | 500.00K | -132.00K |
| Other Non Operating Income (Expenses) | -989.00K | -1.15M | -1.14M | -1.17M | -943.00K | -1.23M |
| EBT Excluding Unusual Items | -9.21M | -10.68M | -9.35M | -10.09M | -26.90M | -325.00K |
| Merger & Restructuring Charges | -2.12M | 1.39M | -9.36M | -676.00K | -1.49M | |
| Legal Settlements | 1.00M | 1.00M | ||||
| Other Unusual Items | 6.94M | |||||
| Pretax Income | -2.57M | -8.29M | -18.71M | -10.77M | -28.39M | -325.00K |
| Income Tax Expense | 1.43M | 1.93M | 392.00K | 3.05M | 3.13M | 2.89M |
| Earnings From Continuing Operations | -4.00M | -10.21M | -19.10M | -13.82M | -31.52M | -3.21M |
| Net Income | -4.00M | -10.21M | -19.10M | -13.82M | -31.52M | -3.21M |
| Net Income to Common | -4.00M | -10.21M | -19.10M | -13.82M | -31.52M | -3.21M |
| Shares Outstanding (Basic) | 12.66M | 12.63M | 12.53M | 12.43M | 12.28M | 12.24M |
| Shares Outstanding (Diluted) | 12.66M | 12.63M | 12.53M | 12.43M | 12.28M | 12.24M |
| EPS (Basic) | -0.32 | -0.81 | -1.53 | -1.11 | -2.57 | -0.26 |
| EPS (Diluted) | -0.32 | -0.81 | -1.53 | -1.11 | -2.57 | -0.26 |
| Free Cash Flow | -1.30M | -9.97M | -20.60M | -11.94M | 5.70M | -23.14M |
| Free Cash Flow Per Share | -0.10 | -0.79 | -1.64 | -0.96 | 0.46 | -1.89 |
| Dividend Per Share | 0.45 | |||||
| Gross Margin | 13.20% | 12.82% | 12.52% | 12.42% | 4.68% | 12.24% |
| Operating Margin | -3.36% | -4.21% | -4.23% | -4.72% | -11.49% | 0.23% |
| Profit Margin | -1.93% | -5.02% | -8.96% | -6.13% | -13.42% | -1.09% |
| Free Cash Flow Margin | -0.63% | -4.90% | -9.66% | -5.30% | 2.43% | -7.85% |
| EBITDA | -2.80M | -4.15M | -3.17M | -3.72M | -19.70M | 8.23M |
| EBITDA Margin | -1.35% | -2.04% | -1.49% | -1.65% | -8.39% | 2.79% |
| D&A For EBITDA | 4.16M | 4.43M | 5.84M | 6.91M | 7.28M | 7.55M |
| EBIT | -6.96M | -8.58M | -9.02M | -10.63M | -26.98M | 678.00K |
| EBIT Margin | -3.36% | -4.21% | -4.23% | -4.72% | -11.49% | 0.23% |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.23M | 8.27M | 5.63M | 10.01M | 20.96M | 14.55M |
| Cash & Short-Term Investments | 10.23M | 8.27M | 5.63M | 10.01M | 20.96M | 14.55M |
| Accounts Receivable | 20.27M | 20.37M | 21.84M | 21.14M | 24.78M | 22.23M |
| Other Receivables | 142.00K | 350.00K | 857.00K | |||
| Receivables | 20.60M | 20.81M | 22.12M | 21.75M | 25.00M | 23.08M |
| Inventory | 42.25M | 47.49M | 49.31M | 44.84M | 45.08M | 66.56M |
| Other Current Assets | 5.66M | 4.12M | 6.47M | 4.27M | 4.47M | 2.99M |
| Total Current Assets | 78.75M | 80.70M | 83.53M | 80.88M | 95.52M | 107.18M |
| Property, Plant & Equipment | 22.83M | 24.00M | 30.74M | 39.38M | 44.30M | 57.28M |
| Other Intangible Assets | 323.00K | 355.00K | 960.00K | 1.88M | 2.25M | 2.63M |
| Long-Term Deferred Tax Assets | 507.00K | 503.00K | 637.00K | 518.00K | 480.00K | 528.00K |
| Other Long-Term Assets | 5.29M | 5.55M | 6.31M | 7.93M | 7.91M | 9.95M |
| Total Assets | 108.49M | 111.99M | 123.37M | 132.05M | 152.18M | 177.56M |
| Accounts Payable | 22.49M | 25.73M | 27.32M | 25.61M | 29.44M | 20.10M |
| Accrued Expenses | 6.47M | 5.58M | 6.66M | 7.63M | 9.94M | 7.83M |
| Short-Term Debt | 13.32M | 12.13M | 8.11M | |||
| Current Portion of Leases | 765.00K | 956.00K | 2.39M | 2.06M | 2.64M | 3.22M |
| Current Income Taxes Payable | 209.00K | 1.42M | 972.00K | 753.00K | 413.00K | |
| Current Unearned Revenue | 203.00K | 281.00K | 422.00K | 1.50M | 1.19M | 520.00K |
| Other Current Liabilities | 18.00K | 283.00K | 633.00K | 343.00K | 56.00K | 473.00K |
| Total Current Liabilities | 43.48M | 44.96M | 46.96M | 38.11M | 44.02M | 32.56M |
| Long-Term Debt | 7.00M | 4.60M | ||||
| Long-Term Leases | 916.00K | 1.03M | 2.54M | 2.42M | 3.61M | 7.06M |
| Long-Term Deferred Tax Liabilities | 4.04M | 4.88M | 5.16M | 6.38M | 5.95M | 6.00M |
| Other Long-Term Liabilities | 5.85M | 5.97M | 6.48M | 9.02M | 9.52M | 12.44M |
| Total Liabilities | 54.28M | 63.84M | 65.73M | 55.92M | 63.10M | 58.06M |
| Common Stock | 636.00K | 633.00K | 628.00K | 624.00K | 616.00K | 611.00K |
| Additional Paid-In Capital | 46.18M | 46.13M | 45.59M | 45.01M | 44.25M | 43.14M |
| Retained Earnings | 7.04M | 1.06M | 11.27M | 30.38M | 44.20M | 75.72M |
| Comprehensive Income & Other | 345.00K | 319.00K | 150.00K | 118.00K | 19.00K | 32.00K |
| Total Common Equity | 54.20M | 48.15M | 57.64M | 76.13M | 89.08M | 119.50M |
| Shareholders' Equity | 54.20M | 48.15M | 57.64M | 76.13M | 89.08M | 119.50M |
| Total Liabilities & Equity | 108.49M | 111.99M | 123.37M | 132.05M | 152.18M | 177.56M |
| Total Debt | 15.01M | 21.11M | 17.64M | 4.48M | 6.25M | 10.28M |
| Net Cash (Debt) | -4.77M | -12.84M | -12.01M | 5.53M | 14.71M | 4.27M |
| Net Cash Per Share | -0.38 | -1.02 | -0.96 | 0.44 | 1.20 | 0.35 |
| Filing Date Shares Outstanding | 12.74M | 12.66M | 12.56M | 12.47M | 12.34M | 12.25M |
| Total Common Shares Outstanding | 12.72M | 12.66M | 12.56M | 12.47M | 12.33M | 12.23M |
| Working Capital | 35.28M | 35.74M | 36.57M | 42.77M | 51.50M | 74.62M |
| Book Value Per Share | 4.26 | 3.80 | 4.59 | 6.11 | 7.23 | 9.77 |
| Tangible Book Value | 53.88M | 47.79M | 56.68M | 74.25M | 86.83M | 116.87M |
| Tangible Book Value Per Share | 4.24 | 3.77 | 4.51 | 5.95 | 7.04 | 9.56 |
| Land | 596.00K | 596.00K | 947.00K | 947.00K | 947.00K | |
| Buildings | 25.43M | 25.29M | 30.77M | 30.41M | 31.63M | |
| Machinery | 56.28M | 60.11M | 77.76M | 77.75M | 78.18M | |
| Construction In Progress | 139.00K | 549.00K | 1.60M | 455.00K | 613.00K | |
| Leasehold Improvements | 1.93M | 2.04M | 2.39M | 2.37M | 3.47M | |
| Order Backlog | 8.50M | 6.50M |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -4.00M | -10.21M | -19.10M | -13.82M | -31.52M | -3.21M |
| Depreciation & Amortization | 4.16M | 4.43M | 5.84M | 6.91M | 7.28M | 7.55M |
| Loss (Gain) From Sale of Assets | -38.00K | -38.00K | -27.00K | -299.00K | -314.00K | |
| Asset Writedown & Restructuring Costs | 349.00K | -3.31M | 2.71M | 330.00K | 791.00K | |
| Loss (Gain) From Sale of Investments | 450.00K | |||||
| Stock-Based Compensation | 619.00K | 625.00K | 650.00K | 915.00K | 1.15M | 1.13M |
| Other Operating Activities | 3.08M | 3.18M | -3.91M | -1.83M | 5.28M | 2.63M |
| Change in Accounts Receivable | -1.80M | 1.57M | -722.00K | 3.56M | -2.64M | 15.42M |
| Change in Inventory | 5.23M | 7.00K | -2.06M | 1.59M | 15.37M | -12.71M |
| Change in Accounts Payable | -2.73M | -2.46M | 1.85M | -2.93M | 10.27M | -22.13M |
| Change in Unearned Revenue | -282.00K | -141.00K | -1.07M | 303.00K | 672.00K | -20.00K |
| Change in Income Taxes | -2.11M | -1.48M | -485.00K | -643.00K | 823.00K | -907.00K |
| Change in Other Net Operating Assets | -3.05M | -1.53M | -1.32M | -2.31M | 642.00K | -5.64M |
| Operating Cash Flow | -574.00K | -9.37M | -17.65M | -8.22M | 7.80M | -17.44M |
| Capital Expenditures | -731.00K | -596.00K | -2.95M | -3.71M | -2.11M | -5.70M |
| Sale of Property, Plant & Equipment | 137.00K | 1.10M | 1.95M | 385.00K | 468.00K | |
| Investment in Securities | 9.22M | |||||
| Other Investing Activities | 5.99M | 5.88M | 1.60M | 895.00K | 888.00K | -1.03M |
| Investing Cash Flow | 5.39M | 6.38M | 598.00K | -2.43M | -752.00K | 2.50M |
| Long-Term Debt Issued | 16.41M | 21.65M | 4.17M | 9.00M | ||
| Total Debt Issued | 16.65M | 16.41M | 21.65M | 4.17M | 9.00M | |
| Long-Term Debt Repaid | -10.69M | -8.91M | -4.15M | -9.00M | ||
| Total Debt Repaid | -22.22M | -10.69M | -8.91M | -4.15M | -9.00M | |
| Net Debt Issued (Repaid) | -5.57M | 5.73M | 12.74M | 20.00K | ||
| Repurchase of Common Stock | -119.00K | -76.00K | -68.00K | -146.00K | -33.00K | -1.80M |
| Common Dividends Paid | -5.51M | |||||
| Other Financing Activities | -49.00K | -169.00K | -403.00K | -110.00K | ||
| Financing Cash Flow | -5.74M | 5.48M | 12.67M | -126.00K | -436.00K | -7.42M |
| Foreign Exchange Rate Adjustments | 58.00K | 150.00K | -4.00K | -171.00K | -202.00K | -91.00K |
| Net Cash Flow | -859.00K | 2.64M | -4.38M | -10.95M | 6.41M | -22.46M |
| Free Cash Flow | -1.30M | -9.97M | -20.60M | -11.94M | 5.70M | -23.14M |
| Free Cash Flow Margin | -0.63% | -4.90% | -9.66% | -5.30% | 2.43% | -7.85% |
| Free Cash Flow Per Share | -0.10 | -0.79 | -1.64 | -0.96 | 0.46 | -1.89 |
| Levered Free Cash Flow | 3.34M | -481.00K | -8.86M | -4.19M | 19.57M | -20.89M |
| Unlevered Free Cash Flow | 3.79M | -6.62K | -8.71M | -4.18M | 19.57M | -20.88M |
| Cash Interest Paid | 750.00K | 750.00K | 258.00K | 11.00K | 8.00K | 10.00K |
| Cash Income Tax Paid | 4.84M | 3.56M | 2.30M | 3.28M | 2.32M | 3.10M |
| Change in Working Capital | -4.74M | -4.04M | -3.81M | -428.00K | 25.14M | -26.00M |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 44.19M | 43.05M | 48.23M | 57.36M | 67.22M | 78.93M |
| Enterprise Value | 48.96M | 54.18M | 53.48M | 49.96M | 57.68M | 76.54M |
| Last Close Price | 3.47 | 3.40 | 3.84 | 4.60 | 5.46 | 6.46 |
| Forward PE | 43.20 | 38.40 | 49.47 | 48.42 | 29.59 | |
| PS Ratio | 0.21 | 0.21 | 0.23 | 0.26 | 0.29 | 0.27 |
| PB Ratio | 0.81 | 0.89 | 0.84 | 0.75 | 0.76 | 0.66 |
| P/TBV Ratio | 0.82 | 0.90 | 0.85 | 0.77 | 0.77 | 0.68 |
| P/FCF Ratio | 11.80 | |||||
| P/OCF Ratio | 8.61 | |||||
| PEG Ratio | 2.75 | 2.75 | 2.75 | 2.85 | 1.74 | |
| EV/Sales Ratio | 0.24 | 0.27 | 0.25 | 0.22 | 0.25 | 0.26 |
| EV/EBITDA Ratio | 9.30 | |||||
| EV/EBIT Ratio | 112.89 | |||||
| EV/FCF Ratio | 10.13 | |||||
| Debt / Equity Ratio | 0.28 | 0.44 | 0.31 | 0.06 | 0.07 | 0.09 |
| Debt / EBITDA Ratio | 0.84 | |||||
| Debt / FCF Ratio | 1.10 | |||||
| Net Debt / Equity Ratio | 0.09 | 0.27 | 0.21 | -0.07 | -0.17 | -0.04 |
| Net Debt / EBITDA Ratio | -1.71 | -3.09 | -3.79 | 1.49 | 0.75 | -0.52 |
| Net Debt / FCF Ratio | -3.65 | -1.29 | -0.58 | 0.46 | -2.58 | 0.18 |
| Asset Turnover | 1.76 | 1.73 | 1.67 | 1.59 | 1.43 | 1.51 |
| Inventory Turnover | 3.89 | 3.67 | 3.96 | 4.39 | 4.01 | 4.22 |
| Quick Ratio | 0.70 | 0.64 | 0.58 | 0.83 | 1.04 | 1.16 |
| Current Ratio | 1.81 | 1.79 | 1.78 | 2.12 | 2.17 | 3.29 |
| Return on Equity (ROE) | -7.15% | -19.30% | -28.56% | -16.73% | -30.22% | -2.58% |
| Return on Assets (ROA) | -3.70% | -4.55% | -4.41% | -4.68% | -10.23% | 0.22% |
| Return on Invested Capital (ROIC) | -11.60% | -13.13% | -12.86% | -14.67% | -28.46% | 0.65% |
| Return on Capital Employed (ROCE) | -10.70% | -12.80% | -11.80% | -11.30% | -24.90% | 0.50% |
| Earnings Yield | -9.11% | -23.72% | -39.61% | -24.09% | -46.89% | -4.07% |
| FCF Yield | -2.95% | -23.15% | -42.71% | -20.81% | 8.47% | -29.31% |
| Dividend Yield | 6.97% | |||||
| Buyback Yield / Dilution | -0.84% | -0.84% | -0.75% | -1.21% | -0.34% | 0.65% |
| Total Shareholder Return | -0.84% | -0.84% | -0.75% | -1.21% | -0.34% | 7.62% |