CULP
CULP INC
Next earnings Jul 1, 2026 (after close) · consensus $-0.11 EPS, $51.1M rev
Last earnings +10.3% on 2026-07-01
$3.43
▲ +10.29%$3.43▼ -12.50%
over 1Y
L $2.71H $4.72
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+10.3%
1W+11.0%
1M+7.2%
3M+26.6%
YTD-2.3%
1Y-12.5%
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 7 analysts
Buy
Chronic loss-maker burning cash into a thin balance sheet — a below-book turnaround bet with real solvency risk, not investable yet.
Revenue $213M · FY2025
CULP is a shrinking, structurally unprofitable textile manufacturer in secular decline. Revenue has fallen every year from $300M (FY2021) to $213M (FY2025), a -5.4% latest-year drop compounding a four-year slide, while the company has posted net losses in four straight years (-$3.2M, -$31.5M, -$13.8M, -$19.1M). Gross margin is a razor-thin 11.8%, operating margin is -8.6%, and ROE is -33.1% — this is not a temporary stumble but a business whose cost structure no longer fits its revenue base.
The balance sheet is the disqualifier. Operating cash flow was -$17.6M in FY2025 (worse by $9.5M YoY per the MD&A), yet cash fell to just $5.63M (-43.8%), of which only $151K sits in the U.S. — the $4.7M in China is not freely deployable to fund domestic operations. The company plugged the gap by drawing $12.7M on its credit lines and selling the Quebec property ($5.7M in fiscal 2026). Against a ~$17.6M annual burn, the remaining $21.4M U.S. line availability is roughly a single year of runway if the restructuring does not quickly turn cash flow. Equity fell -24.3% to $57.6M and retained earnings collapsed -62.9%; liabilities rose +17.5% (current liabilities +23.2%) as the firm leaned on vendors extending payment terms — a classic sign of working-capital strain, not health.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 3, 2026, 11:47 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Is CULP a buy? The one-page verdict, explained →
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $300M | $295M | $235M | $225M | $213M |
| Gross profit | $49.8M | $36.1M | $10.9M | $27.9M | $25.1M |
| Operating income | $12.1M | $678K | -$28.5M | -$11.3M | -$18.4M |
| Net income | $3.22M | -$3.21M | -$31.5M | -$13.8M | -$19.1M |
| Diluted EPS | $0.26 | -$0.26 | -$2.57 | -$1.11 | -$1.53 |
| Net margin | 1.1% | -1.1% | -13.4% | -6.1% | -9.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$47.6M
EV / EBITDA—
EV / Sales0.2
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-44.0%
FCF yield-47.4%
Quality & risk
ROIC (est.)-21.5%
Free cash flow-$20.6M
Total debt$9.81M
Net cash-$4.18M
Altman Z-Score2.12 grey
Piotroski F-Score3/9
Capital returns
Buyback yield4.0%
Dividend yield (est.)12.7%
Shareholder yield16.7%
Shares Δ YoY+0.7%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Earnings results2026-07-01
Q4/FY2026 results release; stock +11% suggests restructuring is narrowing losses
- 10-Q Quarterly report2026-03-13
Q3 FY2026 report; continued losses as integrated Culp-brand model rolls out
- 8-K Earnings results2026-03-11
Q3 FY2026 earnings release; losses persist amid strategic transformation
- 8-K Delisting notice2026-02-23
NYSE listing-deficiency notice (Item 3.01) — delisting risk for shareholders
- 8-K Officer / director change2026-01-27
Officer/director change (Item 5.02) amid leadership reshaping
- 8-K Officer / director change2026-01-16
Executive/board change (Item 5.02); management transition continues
- 10-Q Quarterly report2025-12-12
Q2 FY2026 report; restructuring costs weigh, liquidity tight at ~$5-6M cash
- 8-K Earnings results2025-12-10
Q2 FY2026 earnings release; ongoing operating losses
- 10-Q Quarterly report2025-09-12
Q1 FY2026 report; first quarter under consolidated operating model
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-07-012026-07-01open ↗11-KPeriod ending 2025-12-312026-06-18open ↗SDFiling2026-05-29open ↗4Period ending 2026-04-022026-04-06open ↗4Period ending 2026-03-302026-03-31open ↗4Period ending 2026-03-262026-03-27open ↗4Period ending 2026-03-182026-03-20open ↗4Period ending 2026-03-182026-03-20open ↗4Period ending 2026-03-162026-03-18open ↗10-QPeriod ending 2026-02-012026-03-13open ↗8-KPeriod ending 2026-03-112026-03-11open ↗CERTFiling2026-03-05open ↗
Frequently asked
- Is CULP INC (CULP) a buy?
- CULP currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Chronic loss-maker burning cash into a thin balance sheet — a below-book turnaround bet with real solvency risk, not investable yet.
- What is CULP INC's quality score?
- CULP scores 49.0879357233127/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000723603, latest 10-Q filed 2026-03-13) · EODHD · Proprietary analysis · as of 7/4/2026, 3:47:18 AM.
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