CULP INCCULPEarnings & Financial Report
Culp Inc is a leading global textile manufacturer specializing in upholstery fabrics for residential and commercial furniture, as well as mattress fabrics for bedding producers. It runs production and distribution facilities across North America, Asia, and Europe, serving clients across the global home furnishing and bedding sectors.
Revenue
$60.4M
Gross Profit
$7.7M
Operating Profit
$-1.7M
Net Profit
$-3.2M
Gross Margin
12.7%
Operating Margin
-2.9%
Net Margin
-5.3%
YoY Growth
15.0%
EPS
$-0.26
CULP INC Q4 FY2023 Financial Summary
CULP INC reported revenue of $60.4M (up 15.0% YoY) for Q4 FY2023, with a net profit of $-3.2M (up 64.5% YoY) (-5.3% margin). Cost of goods sold was $52.7M, operating expenses totaled $9.4M.
Key Financial Metrics
| Total Revenue | $60.4M |
|---|---|
| Net Profit | $-3.2M |
| Gross Margin | 12.7% |
| Operating Margin | -2.9% |
| Report Period | Q4 FY2023 |
Revenue Breakdown
CULP INC Q4 FY2023 revenue of $60.4M breaks down across 2 segments, led by Upholstery Fabrics at $30.4M (50.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Upholstery Fabrics | $30.4M | 50.3% |
| Other | $30.0M | 49.7% |
CULP INC Revenue by Segment — Quarterly Trend
CULP INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Upholstery Fabrics and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Upholstery Fabrics | — | — | $21.7M | $23.6M |
CULP INC Annual Revenue by Year
CULP INC annual revenue history includes year-by-year totals (for example, 2024 revenue was $214.0M).
| Year | Annual Revenue |
|---|---|
| 2024 | $214.0M |
| 2023 | $231.0M |
| 2022 | $258.2M |
CULP INC Quarterly Revenue & Net Profit History
CULP INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $53.2M | -4.4% | $-4.3M | -8.1% |
| Q3 FY2025 | $50.7M | -10.3% | $-231.0K | -0.5% |
| Q1 FY2025 | $48.8M | -1.5% | $-2.1M | -4.2% |
| Q4 FY2024 | $52.3M | -13.5% | $-4.1M | -7.9% |
| Q3 FY2024 | $55.7M | -5.2% | $-5.6M | -10.1% |
| Q2 FY2024 | $56.5M | -0.2% | $-7.3M | -12.8% |
| Q1 FY2024 | $49.5M | -19.4% | $-4.9M | -9.8% |
| Q4 FY2023 | $60.4M | +15.0% | $-3.2M | -5.3% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $60.4M | $49.5M | $56.5M | $55.7M | $52.3M | $48.8M | $50.7M | $53.2M |
| YoY Growth | 15.0% | -19.4% | -0.2% | -5.2% | -13.5% | -1.5% | -10.3% | -4.4% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $142.0M | $132.1M | $129.1M | $129.0M | $127.6M | $123.4M | $126.4M | $125.2M |
| Liabilities | $61.2M | $55.9M | $60.0M | $65.4M | $67.9M | $65.7M | $68.8M | $71.7M |
| Equity | $80.8M | $76.1M | $69.1M | $63.6M | $59.6M | $57.6M | $57.6M | $53.6M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-1.5M | $-2.3M | $-206000 | $-2.4M | $-6.8M | $-8.2M | $-695000 | $-471000 |