A Business at a Glance
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CULP INC
CULP
$44M
Mkt Cap
$3.55
+1.14%
CULP INC (CULP) has a 5-year average return on invested capital (ROIC) of -13.4%. This is below average and may indicate limited pricing power.
CULP INC (CULP) has a market capitalization of $45M. It is classified as a small-cap stock.
CULP INC (CULP) does not currently pay a regular dividend.
CULP INC (CULP) operates in the Broadwoven Fabric Mills, Cotton industry, within the Consumer Cyclical sector.
CULP INC (CULP) reported annual revenue of $213 million in its most recent fiscal year, based on SEC EDGAR filings.
CULP INC (CULP) has a net profit margin of -9.0%. The company is currently unprofitable.
CULP INC (CULP) generated $-21 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
CULP INC (CULP) has a debt-to-equity ratio of 0.30. This indicates a conservatively financed balance sheet.
As used in this document, the terms “Culp,” the “company,” “we,” “our,” and “us” refer to Culp, Inc. and its consolidated subsidiaries (unless the context indicates another meaning). The term “common stock” means the common stock of Culp, Inc., par value $.05 per share. The terms “Read Window Products” and “Read” refer to our wholly-owned subsidiary, Read Window Products, LLC. Culp is one of the largest marketers of mattress fabrics for bedding and upholstery fabrics for residential, commercial, and hospitality furniture 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.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 213M | 225M | 235M | 295M | 300M |
| Net Income | 0 | -19M | -14M | -32M | -3.2M | 2.4M |
| EPS | $0.00 | $-1.53 | $-1.11 | $-2.57 | $-0.26 | $0.26 |
| Free Cash Flow | 0 | -21M | -12M | 5.7M | -23M | 15M |
| ROIC | - | -27.6% | -16.7% | -30.2% | 0.7% | 6.8% |
| Gross Margin | - | 11.8% | 12.4% | 4.6% | 12.2% | 16.6% |
| Debt/Equity | 0.00 | 0.30 | 0.00 | 0.71 | 0.49 | 0.66 |
| Dividends/Share | $0.00 | - | - | - | $0.45 | $0.57 |
| Operating Income | 0 | -18M | -11M | -28M | 678K | 12M |
| Operating Margin | 0.0% | -8.6% | -5.0% | -12.1% | 0.2% | 4.0% |
| ROE | 0.0% | -28.6% | -16.7% | -30.2% | -2.6% | 1.7% |
| Shares Outstanding | 13M | 12M | 12M | 12M | 12M | 9M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 287M | 310M | 313M | 310M | 324M | 281M | 256M | 300M | 295M | 235M | 225M | 213M | 0 |
| Gross Margin | 17.0% | 17.9% | 20.8% | 22.4% | 20.0% | 16.3% | 15.8% | 16.6% | 12.2% | 4.6% | 12.4% | 11.8% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 29M | 33M | 37M | 39M | 37M | 33M | 34M | 38M | 35M | 38M | 39M | 36M | 36M |
| EBIT | 20M | 23M | 28M | 30M | 27M | 13M | -7.6M | 12M | 678K | -28M | -11M | -18M | 0 |
| Op. Margin | 7.1% | 7.3% | 9.1% | 9.7% | 8.5% | 4.7% | -3.0% | 4.0% | 0.2% | -12.1% | -5.0% | -8.6% | 0.0% |
| Net Income | 17M | 15M | 17M | 22M | 21M | 5.7M | -29M | 2.4M | -3.2M | -32M | -14M | -19M | 0 |
| Net Margin | 6.1% | 4.9% | 5.4% | 7.2% | 6.4% | 2.0% | -11.2% | 0.8% | -1.1% | -13.4% | -6.1% | -9.0% | 0.0% |
| Non-Recurring | 283K | 78K | 35K | 131K | 0 | 3.0M | 14M | 939K | 1.5M | 7.5M | 2.6M | 10M | 10M |
| Returns on Capital | |||||||||||||
| ROIC | 22.8% | 17.6% | 17.5% | 15.4% | 13.3% | 6.0% | -6.1% | 6.8% | 0.7% | -30.2% | -16.7% | -27.6% | N/A |
| ROE | 16.4% | 12.8% | 13.1% | 15.6% | 13.4% | 3.5% | -17.9% | 1.7% | -2.6% | -30.2% | -16.7% | -28.6% | 0.0% |
| ROA | 11.2% | 9.3% | 9.7% | 11.5% | 9.7% | 2.5% | -12.8% | 1.1% | -1.6% | -19.1% | -9.7% | -15.0% | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 20M | 26M | 28M | 34M | 27M | 14M | 5.0M | 21M | -17M | 7.8M | -8.2M | -18M | 0 |
| Free Cash Flow | 15M | 16M | 17M | 22M | 19M | 11M | 385K | 15M | -23M | 5.7M | -12M | -21M | 0 |
| Owner Earnings | 14M | 20M | 19M | 24M | 18M | 5.6M | -3.5M | 13M | -26M | -186K | -16M | -24M | -6.1M |
| CapEx | 5.3M | 10M | 11M | 12M | 8.0M | 3.3M | 4.6M | 6.7M | 5.7M | 2.1M | 3.7M | 2.9M | 0 |
| Maint. CapEx | 5.3M | 5.8M | 6.7M | 7.1M | 7.7M | 8.1M | 7.8M | 6.8M | 7.0M | 6.8M | 6.5M | 5.4M | 5.4M |
| Growth CapEx | 0 | 4.7M | 4.8M | 4.8M | 333K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 5.3M | 5.8M | 6.7M | 7.1M | 7.7M | 8.1M | 7.8M | 6.8M | 7.0M | 6.8M | 6.5M | 5.4M | 5.4M |
| CapEx/OCF | 26.0% | 40.1% | 42.8% | 34.8% | 29.1% | N/A | 92.3% | 31.0% | N/A | 27.0% | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 2.2M | 7.6M | 8.1M | 6.3M | 6.8M | 4.7M | 5.1M | 5.3M | 5.5M | 0 | 0 | 0 | 0 |
| Dividend Yield | 1.2% | 2.6% | 2.7% | 1.8% | 2.3% | N/A | 4.1% | 4.1% | 7.4% | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 745K | 2.4M | 0 | 0 | 3.3M | 1.7M | 0 | 1.8M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 0.3% | 0.6% | N/A | N/A | 0.0% | 0.9% | N/A | 3.1% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 710K | 786K | 2.7M | 3.4M | 2.2M | 130K | 614K | 1.3M | 1.1M | 1.1M | 915K | 650K | 650K |
| Debt Repayment | 2.2M | 2.2M | 2.2M | 2K | 0 | 50K | 0 | 15K | 110K | 403K | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -31M | -38M | -35M | -18M | -20M | -39M | -33M | N/A | N/A | N/A | -10M | 12M | 0 |
| Cash & Equiv. | 29M | 30M | 38M | 21M | 21M | 40M | 70M | 37M | 15M | 21M | 10M | 5.6M | N/A |
| Long-Term Debt | 2.2M | 2.2M | 0 | N/A | N/A | 675K | 30M | N/A | N/A | N/A | N/A | 4.6M | 4.6M |
| Debt/Equity | 0.04 | 0.02 | 0.05 | 0.03 | 0.02 | 0.01 | 0.23 | 0.66 | 0.49 | 0.71 | 0.00 | 0.30 | 0.00 |
| Interest Coverage | 47.4 | 356.1 | 298.3 | N/A | 292.1 | 381.5 | -71.4 | 236.8 | 39.9 | N/A | -1028.0 | -79.6 | -79.6 |
| Equity | 112M | 123M | 136M | 150M | 163M | 162M | 160M | 129M | 120M | 89M | 76M | 58M | 0 |
| Total Assets | 156M | 169M | 179M | 208M | 223M | 234M | 215M | 214M | 178M | 152M | 132M | 123M | 0 |
| Total Liabilities | 49M | 52M | 46M | 57M | 55M | 56M | 85M | 85M | 58M | 63M | 56M | 66M | 66M |
| Intangibles | N/A | N/A | N/A | N/A | 4.3M | 3.9M | 3.4M | 3.0M | 2.6M | 2.3M | 1.9M | 960K | 386K |
| Retained Earnings | 68M | 76M | 85M | 101M | 115M | 116M | 87M | 84M | 76M | 44M | 30M | 11M | 11M |
| Working Capital | 74M | 71M | 78M | 56M | 91M | 88M | 112M | 82M | 75M | 51M | 43M | 37M | 37M |
| Current Assets | 112M | 114M | 115M | 102M | 132M | 123M | 152M | 143M | 107M | 96M | 81M | 84M | 84M |
| Current Liabilities | 39M | 43M | 36M | 46M | 41M | 35M | 40M | 61M | 33M | 44M | 38M | 47M | 47M |
| Per Share Data | |||||||||||||
| EPS | 1.41 | 1.21 | 1.36 | 1.78 | 1.65 | 0.43 | -2.32 | 0.26 | -0.26 | -2.57 | -1.11 | -1.53 | 0.00 |
| Owner EPS | 1.15 | 1.57 | 1.52 | 1.88 | 1.39 | 0.43 | -0.28 | 1.43 | -2.07 | -0.02 | -1.26 | -1.90 | -0.48 |
| Book Value | 9.03 | 9.87 | 10.92 | 11.93 | 12.88 | 12.24 | 12.88 | 13.80 | 9.68 | 7.26 | 6.12 | 4.62 | 0.00 |
| Cash Flow/Share | 1.63 | 2.10 | 2.28 | 2.72 | 2.17 | 1.05 | 0.40 | 2.30 | -1.41 | 0.64 | -0.66 | -1.41 | 0.43 |
| Dividends/Share | 0.18 | 0.61 | 0.65 | 0.50 | 0.54 | 0.36 | 0.41 | 0.57 | 0.45 | N/A | N/A | N/A | 0.00 |
| Shares Out. | 12.4M | 12.5M | 12.5M | 12.5M | 12.7M | 13.2M | 12.4M | 9.3M | 12.3M | 12.3M | 12.4M | 12.5M | 12.7M |
| Valuation | |||||||||||||
| P/E Ratio | 12.4 | 18.0 | 23.7 | 15.9 | 10.2 | N/A | N/A | 33.7 | N/A | N/A | N/A | N/A | N/A |
| P/FCF | 14.5 | 17.3 | 23.7 | 16.0 | 11.0 | N/A | 475.6 | 5.5 | N/A | 12.4 | N/A | N/A | N/A |
| EV/EBIT | 9.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 1.9 | 2.3 | 3.1 | 2.4 | 1.3 | N/A | 1.4 | 0.8 | 0.5 | 0.8 | 1.0 | 0.8 | N/A |
| Price/Sales | 0.7 | 0.9 | 1.0 | 1.1 | 0.9 | N/A | 0.5 | 0.6 | 0.3 | 0.3 | 0.3 | 0.3 | N/A |
| FCF Yield | 6.9% | 5.8% | 4.2% | 6.2% | 9.1% | N/A | 0.2% | 13.7% | -40.8% | 8.1% | -16.4% | -47.1% | N/A |
| Market Cap | 216M | 271M | 401M | 356M | 214M | 0 | 182M | 108M | 57M | 71M | 73M | 44M | 45M |
| Avg. Price | 15.31 | 23.07 | 24.30 | 27.64 | 23.61 | 0.00 | 10.09 | 13.78 | 6.03 | 5.32 | 5.03 | 4.41 | 3.55 |
| Year-End Price | 17.48 | 21.78 | 32.24 | 28.33 | 16.90 | 0.00 | 14.75 | 8.76 | 4.59 | 5.75 | 5.86 | 3.50 | 3.55 |
CULP INC passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 11.5%. At current prices, the estimated annualized return to fair value is -32.8%.
CULP INC (CULP) reported earnings per share (EPS) of $-1.53 in its most recent fiscal year.
CULP INC (CULP) has a return on equity (ROE) of -28.6%. A negative ROE may indicate losses or negative equity.
CULP INC (CULP) has a 5-year average gross margin of 11.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for CULP INC (CULP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CULP INC (CULP) has a book value per share of $4.62, based on its most recent annual SEC filing.