CULP INC CULP

Consumer discretionary SIC 2211 - Broadwoven Fabric Mills, Cotton NAICS Manufacturing › Textile Mills › Fabric Mills › Broadwoven Fabric Mills derived Nasdaq

Culp is one of the largest marketers of mattress fabrics for bedding and upholstery fabrics for residential, commercial, and hospitality furniture and other applications in North America. The company markets a variety of fabrics to its global customer base of leading bedding and furniture companies, including fabrics produced at Culp's manufacturing facilities and fabrics sourced through other suppliers. The company competes in a business driven by fashion and product performance, and we strive to differentiate ourselves by placing a sustained focus on creativity and product innovation. In addition, we place great emphasis on providing excellent and dependable service to our customers as well as a supply chain that provides customers with sourcing optionality across a variety of jurisdictions. Our focused efforts to protect our financial strength and manufacturing flexibility have allowed us to maintain our position as a stable and trusted supplier of innovative fabrics to bedding and furniture manufacturers.

Last close 3.54 2026-10-23
Market cap —
52-week range 2.70 - 4.44

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.81

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $203.5M$213.2M$225.3M$234.9M$294.8M$299.7M$256.2M$281.3M$323.7M$309.5M
Cost of revenue $178.3M$188.2M$197.4M$224.0M$258.7M$249.9M$215.7M$235.6M$259.1M$240.3M
Gross profit $25.2M$25.1M$27.9M$10.9M$36.1M$49.8M$40.5M$45.8M$64.6M$69.2M
SG&A $34.7M$35.7M$38.6M$38.0M$35.4M$37.8M$34.4M$33.2M$37.2M$39.2M
Operating income -$7.2M-$18.4M-$11.3M-$28.5M$678.0K$12.1M-$7.6M$13.4M$27.5M$30.1M
Interest expense $759.0K$231.0K$11.0K—$17.0K$51.0K$106.0K$35.0K$94.0K$0
Pre-tax income -$8.3M-$18.7M-$10.8M-$28.4M-$325.0K$10.9M-$7.7M$12.7M$26.9M$29.7M
Income tax $1.9M$392.0K$3.0M$3.1M$2.9M$7.7M$3.4M$6.5M$5.7M$7.3M
Net income -$10.2K-$19.1K-$13.8K-$31.5M-$3.2M$3.2M-$28.7M$5.5M$20.9M$22.3M
EPS, basic -0.81-1.53-1.11-2.57-0.260.26-2.320.441.681.81
EPS, diluted -0.81-1.53-1.11-2.57-0.260.26-2.320.431.651.78
Shares, diluted (wtd. avg.) 12.6M12.5M12.4M12.3M12.2M12.3M12.4M12.5M12.6M12.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $8.3M$5.6M$10.0M$21.0M$14.6M$37.0M$69.8M$40.0M$21.2M$20.8M
Short-term investments —————$5.5M$923.0K$0$2.5M$2.4M
Receivables $20.4M$21.8M$21.1M$24.8M$22.2M$37.7M$25.1M$23.4M$26.3M$24.6M
Inventory $47.5M$49.3M$44.8M$45.1M$66.6M$55.9M$47.9M$47.6M$53.5M$51.5M
Total current assets $80.7M$83.5M$80.9M$95.5M$107.2M$143.2M$151.7M$123.2M$132.1M$102.2M
Property, plant and equipment $21.0M$24.8M$33.2M$36.1M$41.7M$44.0M$43.1M$51.0M$52.9M$41.7M
Goodwill ————$0$0$0$13.6M$13.6M$11.5M
Other intangibles $355.0K$960.0K$1.9M$2.3M$2.6M$3.0M$3.4M$3.9M$4.3M—
Total assets $112.0M$123.4M$132.1M$152.2M$177.6M$214.1M$215.1M$227.1M$207.9M$183.4M
Short-term debt ——————$7.6M———
Total current liabilities $45.0M$47.0M$38.1M$44.0M$32.6M$61.2M$40.1M$35.2M$40.6M$46.1M
Total liabilities $63.8M$65.7M$55.9M$63.1M$58.1M$85.1M$85.4M$56.3M$54.6M$57.0M
Retained earnings $1.1M$11.3M$30.4M$44.2M$75.7M$84.4M$86.5M$115.6M$114.6M$100.6M
Total equity $48.1M$57.6M$76.1M$89.1M$119.5M$129.0M$129.7M$164.2M$163.4M$148.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$9.4M-$17.6M-$8.2M$7.8M-$17.4M$21.5M$5.0M$13.9M$27.5M$34.1M
Depreciation and amortisation $4.1M$5.4M$6.5M$6.8M$7.0M$6.8M$7.8M$8.1M$7.7M$7.1M
Stock-based compensation $625.0K$650.0K$915.0K$1.1M$1.1M$1.3M$614.0K$130.0K$2.2M$3.4M
Capital expenditure $596.0K$2.9M$3.7M$2.1M$5.7M$6.7M$4.6M$3.3M$8.0M$11.9M
Investing cash flow $6.4M$598.0K-$2.4M-$752.0K$2.5M-$10.7M-$5.7M$15.2M-$15.1M-$43.3M
Financing cash flow $5.5M$12.7M-$126.0K-$436.0K-$7.4M-$43.7M$30.6M-$10.2M-$12.0M-$7.7M
Dividends paid ————$5.5M$5.3M$5.1M$4.7M$6.8M$6.3M
Buybacks ————$1.8M—$1.7M$3.3M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-348933.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M 400M Revenue, FY2016: 309.5M Gross profit, FY2016: 69.2M Net income, FY2016: 22.3M Revenue, FY2017: 323.7M Gross profit, FY2017: 64.6M Net income, FY2017: 20.9M Revenue, FY2018: 281.3M Gross profit, FY2018: 45.8M Net income, FY2018: 5.5M Revenue, FY2019: 256.2M Gross profit, FY2019: 40.5M Net income, FY2019: -28.7M Revenue, FY2020: 299.7M Gross profit, FY2020: 49.8M Net income, FY2020: 3.2M Revenue, FY2021: 294.8M Gross profit, FY2021: 36.1M Net income, FY2021: -3.2M Revenue, FY2022: 234.9M Gross profit, FY2022: 10.9M Net income, FY2022: -31.5M Revenue, FY2023: 225.3M Gross profit, FY2023: 27.9M Net income, FY2023: -13.8K Revenue, FY2024: 213.2M Gross profit, FY2024: 25.1M Net income, FY2024: -19.1K Revenue, FY2025: 203.5M Gross profit, FY2025: 25.2M Net income, FY2025: -10.2K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $309.5M $323.7M $281.3M $256.2M $299.7M $294.8M $234.9M $225.3M $213.2M $203.5M
Gross profit $69.2M $64.6M $45.8M $40.5M $49.8M $36.1M $10.9M $27.9M $25.1M $25.2M
Net income $22.3M $20.9M $5.5M -$28.7M $3.2M -$3.2M -$31.5M -$13.8K -$19.1K -$10.2K

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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