CULP: Culp Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Culp Inc (CULP).
$48.23M Market Cap.
CULP Market Cap. (MRY)
CULP Shares Outstanding (MRY)
CULP Assets (MRY)
Total Assets
$123.37M
Total Liabilities
$65.73M
Total Investments
$8.51M
CULP Income (MRY)
Revenue
$213.24M
Net Income
-$19.10M
Operating Expense
$44.46M
CULP Cash Flow (MRY)
CF Operations
-$17.65M
CF Investing
$598.00K
CF Financing
$12.67M
CULP Balance Sheet (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Total Assets | $123,370,000 (-6.58%) | $132,054,000 (-13.23%) | $152,183,000 (-14.29%) | $177,563,000 (-17.06%) |
Assets Current | $83,534,000 (3.28%) | $80,881,000 (-15.32%) | $95,516,000 (-10.88%) | $107,176,000 (-25.16%) |
Assets Non-Current | $39,836,000 (-22.15%) | $51,173,000 (-9.70%) | $56,667,000 (-19.49%) | $70,387,000 (-0.69%) |
Goodwill & Intangible Assets | $960,000 (-48.83%) | $1,876,000 (-16.70%) | $2,252,000 (-14.31%) | $2,628,000 (-12.52%) |
Shareholders Equity | $57,640,000 (-24.29%) | $76,129,000 (-14.54%) | $89,080,000 (-25.46%) | $119,501,000 (-7.37%) |
Property Plant & Equipment Net | $30,744,000 (-21.94%) | $39,385,000 (-11.10%) | $44,302,000 (-22.66%) | $57,279,000 (2.77%) |
Cash & Equivalents | $5,629,000 (-43.78%) | $10,012,000 (-52.24%) | $20,964,000 (44.08%) | $14,550,000 (-60.69%) |
Accumulated Other Comprehensive Income | $150,000 (27.12%) | $118,000 (521.05%) | $19,000 (-40.63%) | $32,000 (-78.08%) |
Deferred Revenue | $422,000 (-71.77%) | $1,495,000 (25.42%) | $1,192,000 (129.23%) | $520,000 (-3.70%) |
Total Investments | $8,509,000 (-12.56%) | $9,731,000 (14.87%) | $8,471,000 (-9.47%) | $9,357,000 (-48.75%) |
Investments Current | $1,605,000 (37.53%) | $1,167,000 (-16.88%) | $1,404,000 (0%) | $0 (0%) |
Investments Non-Current | $6,904,000 (-19.38%) | $8,564,000 (21.18%) | $7,067,000 (-24.47%) | $9,357,000 (-2.08%) |
Inventory | $49,309,000 (9.96%) | $44,843,000 (-0.53%) | $45,080,000 (-32.27%) | $66,557,000 (19.03%) |
Trade & Non-Trade Receivables | $21,844,000 (3.34%) | $21,138,000 (-20.90%) | $26,723,000 (20.23%) | $22,226,000 (-41.09%) |
Trade & Non-Trade Payables | $27,346,000 (5.38%) | $25,950,000 (-12.03%) | $29,498,000 (43.39%) | $20,572,000 (-52.03%) |
Accumulated Retained Earnings (Deficit) | $11,273,000 (-62.89%) | $30,376,000 (-31.27%) | $44,195,000 (-41.63%) | $75,715,000 (-10.33%) |
Tax Assets | $637,000 (-26.61%) | $868,000 (80.83%) | $480,000 (-65.34%) | $1,385,000 (154.13%) |
Tax Liabilities | $7,365,000 (-21.97%) | $9,439,000 (0.61%) | $9,382,000 (-1.39%) | $9,514,000 (7.08%) |
Total Debt | $17,643,000 (293.55%) | $4,483,000 (-28.29%) | $6,252,000 (-39.19%) | $10,281,000 (7.58%) |
Debt Current | $10,508,000 (409.85%) | $2,061,000 (-21.93%) | $2,640,000 (-17.99%) | $3,219,000 (17.65%) |
Debt Non-Current | $7,135,000 (194.59%) | $2,422,000 (-32.95%) | $3,612,000 (-48.85%) | $7,062,000 (3.53%) |
Total Liabilities | $65,730,000 (17.53%) | $55,925,000 (-11.38%) | $63,103,000 (8.68%) | $58,062,000 (-31.75%) |
Liabilities Current | $46,964,000 (23.24%) | $38,107,000 (-13.43%) | $44,020,000 (35.21%) | $32,556,000 (-46.83%) |
Liabilities Non-Current | $18,766,000 (5.32%) | $17,818,000 (-6.63%) | $19,083,000 (-25.18%) | $25,506,000 (6.98%) |
CULP Income Statement (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Revenues | $213,237,000 (-5.37%) | $225,333,000 (-4.09%) | $234,934,000 (-20.32%) | $294,839,000 (-1.63%) |
Cost of Revenue | $188,170,000 (-4.67%) | $197,394,000 (-11.89%) | $224,038,000 (-13.41%) | $258,746,000 (3.54%) |
Selling General & Administrative Expense | $35,705,000 (-7.53%) | $38,611,000 (1.67%) | $37,978,000 (7.24%) | $35,415,000 (-6.20%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $44,462,000 (11.51%) | $39,872,000 (0.14%) | $39,817,000 (8.27%) | $36,774,000 (-7.98%) |
Interest Expense | $231,000 (2000.00%) | $11,000 (0%) | $0 (0%) | $17,000 (-66.67%) |
Income Tax Expense | $392,000 (-87.14%) | $3,049,000 (-2.59%) | $3,130,000 (8.45%) | $2,886,000 (-62.49%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$19,103,000 (-38.24%) | -$13,819,000 (56.16%) | -$31,520,000 (-881.63%) | -$3,211,000 (-199.78%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$19,103,000 (-38.24%) | -$13,819,000 (56.16%) | -$31,520,000 (-881.63%) | -$3,211,000 (-199.78%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$19,103,000 (-38.24%) | -$13,819,000 (56.16%) | -$31,520,000 (-881.63%) | -$3,211,000 (-199.78%) |
Weighted Average Shares | $12,559,129 (0.72%) | $12,469,903 (1.29%) | $12,311,583 (0.77%) | $12,218,067 (-0.73%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | -$18,480,000 (-71.76%) | -$10,759,000 (62.10%) | -$28,390,000 (-9117.53%) | -$308,000 (-102.81%) |
Gross Profit | $25,067,000 (-10.28%) | $27,939,000 (156.42%) | $10,896,000 (-69.81%) | $36,093,000 (-27.57%) |
Operating Income | -$19,395,000 (-62.53%) | -$11,933,000 (58.74%) | -$28,921,000 (-4146.84%) | -$681,000 (-106.90%) |
CULP Cash Flow Statement (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Net Cash Flow from Investing | $598,000 (124.60%) | -$2,431,000 (-223.27%) | -$752,000 (-130.13%) | $2,496,000 (123.37%) |
Net Cash Flow from Financing | $12,673,000 (10157.94%) | -$126,000 (71.10%) | -$436,000 (94.13%) | -$7,423,000 (83.02%) |
Net Cash Flow from Operations | -$17,650,000 (-114.62%) | -$8,224,000 (-205.38%) | $7,804,000 (144.75%) | -$17,441,000 (-181.20%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$4,383,000 (59.98%) | -$10,952,000 (-270.75%) | $6,414,000 (128.56%) | -$22,459,000 (31.49%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $1,600,000 (78.77%) | $895,000 (0.79%) | $888,000 (-89.16%) | $8,191,000 (368.91%) |
Capital Expenditure | -$1,002,000 (69.87%) | -$3,326,000 (-102.80%) | -$1,640,000 (71.20%) | -$5,695,000 (14.39%) |
Issuance (Repayment) of Debt Securities | $12,741,000 (63605.00%) | $20,000 (104.96%) | -$403,000 (-266.36%) | -$110,000 (99.71%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $0 (0%) | -$1,752,000 (0%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | -$5,511,000 (-4.14%) |
Effect of Exchange Rate Changes on Cash | -$4,000 (97.66%) | -$171,000 (15.35%) | -$202,000 (-121.98%) | -$91,000 (-169.47%) |
Share Based Compensation | $650,000 (-28.96%) | $915,000 (-20.09%) | $1,145,000 (1.06%) | $1,133,000 (-9.43%) |
Depreciation Amortization & Accretion | $5,845,000 (-15.42%) | $6,911,000 (-5.11%) | $7,283,000 (-3.57%) | $7,553,000 (3.30%) |
CULP Financial Metrics (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Gross Margin | 11.80% (-4.84%) | 12.40% (169.57%) | 4.60% (-62.30%) | 12.20% (-26.51%) |
Profit Margin | -9.00% (-47.54%) | -6.10% (54.48%) | -13.40% (-1118.18%) | -1.10% (-200.00%) |
EBITDA Margin | -5.90% (-247.06%) | -1.70% (81.11%) | -9.00% (-460.00%) | 2.50% (-59.02%) |
Return on Average Equity (ROAE) | -30.60% (-81.07%) | -16.90% (46.52%) | -31.60% (-1164.00%) | -2.50% (-200.00%) |
Return on Average Assets (ROAA) | -15.00% (-51.52%) | -9.90% (49.49%) | -19.60% (-1125.00%) | -1.60% (-200.00%) |
Return on Sales (ROS) | -8.70% (-81.25%) | -4.80% (60.33%) | -12.10% (-12000.00%) | -0.10% (-102.70%) |
Return on Invested Capital (ROIC) | -22.90% (-89.26%) | -12.10% (54.51%) | -26.60% (-13200.00%) | -0.20% (-102.08%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 7.00% (133.33%) |
Price to Earnings Ratio (P/E) | -2.51 (39.43%) | -4.14 (-95.01%) | -2.13 (91.45%) | -24.85 (-145.65%) |
Price to Sales Ratio (P/S) | 0.23 (-11.37%) | 0.26 (-10.84%) | 0.29 (6.72%) | 0.27 (-53.87%) |
Price to Book Ratio (P/B) | 0.84 (11.16%) | 0.75 (-0.26%) | 0.76 (14.39%) | 0.66 (-51.11%) |
Debt to Equity Ratio (D/E) | 1.14 (55.10%) | 0.73 (3.81%) | 0.71 (45.68%) | 0.49 (-26.25%) |
Earnings Per Share (EPS) | -1.53 (-37.84%) | -1.11 (56.81%) | -2.57 (-888.46%) | -0.26 (-200.00%) |
Sales Per Share (SPS) | 16.98 (-6.04%) | 18.07 (-5.30%) | 19.08 (-20.92%) | 24.13 (-0.90%) |
Free Cash Flow Per Share (FCFPS) | -1.49 (-60.37%) | -0.93 (-284.83%) | 0.5 (126.45%) | -1.89 (-257.18%) |
Book Value Per Share (BVPS) | 4.59 (-24.83%) | 6.11 (-15.62%) | 7.24 (-26.03%) | 9.78 (-6.68%) |
Tangible Assets Book Value Per Share (TABVPS) | 9.75 (-6.63%) | 10.44 (-14.28%) | 12.18 (-14.95%) | 14.32 (-16.51%) |
Enterprise Value Over EBIT (EV/EBIT) | -3 (40.00%) | -5 (-150.00%) | -2 (99.21%) | -254 (-2053.85%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -4.23 (67.39%) | -12.98 (-375.01%) | -2.73 (-125.29%) | 10.81 (36.54%) |
Asset Turnover | 1.68 (3.97%) | 1.61 (10.64%) | 1.46 (0.14%) | 1.46 (-1.29%) |
Current Ratio | 1.78 (-16.16%) | 2.12 (-2.21%) | 2.17 (-34.08%) | 3.29 (40.74%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0.45 (4.65%) |
Free Cash Flow (FCF) | -$18,652,000 (-61.49%) | -$11,550,000 (-287.38%) | $6,164,000 (126.64%) | -$23,136,000 (-256.05%) |
Enterprise Value (EV) | $53,484,055 (7.06%) | $49,956,554 (-13.39%) | $57,680,243 (-26.33%) | $78,291,713 (-45.87%) |
Earnings Before Tax (EBT) | -$18,711,000 (-73.73%) | -$10,770,000 (62.06%) | -$28,390,000 (-8635.38%) | -$325,000 (-102.98%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$12,635,000 (-228.35%) | -$3,848,000 (81.77%) | -$21,107,000 (-391.33%) | $7,245,000 (-60.35%) |
Invested Capital | $87,460,000 (1.06%) | $86,542,000 (-5.11%) | $91,199,000 (-33.97%) | $138,110,000 (12.84%) |
Working Capital | $36,570,000 (-14.50%) | $42,774,000 (-16.94%) | $51,496,000 (-30.99%) | $74,620,000 (-8.97%) |
Tangible Asset Value | $122,410,000 (-5.97%) | $130,178,000 (-13.17%) | $149,931,000 (-14.29%) | $174,935,000 (-17.12%) |
Market Capitalization | $48,227,055 (-15.92%) | $57,361,554 (-14.67%) | $67,221,243 (-14.83%) | $78,928,713 (-54.68%) |
Average Equity | $62,509,250 (-23.46%) | $81,667,500 (-18.06%) | $99,671,750 (-20.93%) | $126,059,500 (-1.22%) |
Average Assets | $127,262,750 (-8.95%) | $139,778,500 (-13.30%) | $161,225,250 (-20.45%) | $202,675,750 (-0.33%) |
Invested Capital Average | $80,744,250 (-9.07%) | $88,793,750 (-16.94%) | $106,904,250 (-24.35%) | $141,307,500 (23.91%) |
Shares | 12,559,129 (0.72%) | 12,469,903 (1.29%) | 12,311,583 (0.77%) | 12,218,067 (-0.73%) |
