Crown Crafts, Inc.
CRWS Consumer Cyclical Furnishings Fixtures & Appliances
Crown Crafts, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $82.3 million, down 5.71% from fiscal 2025. In the quarter to June 2026, revenue grew 8.32%, EPS grew 290.0%, free cash flow grew 3.72% and total debt fell 30.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Crown Crafts, Inc. (CRWS) Beneish M-score
Crown Crafts, Inc.'s Beneish M-score for fiscal 2026 is −3.03; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2026 | −3.03 | 0.79 |
| FY2025 | −3.82 | (1.32) |
| FY2024 | −2.50 | (0.01) |
| FY2023 | −2.49 | (0.40) |
| FY2022 | −2.09 | 0.85 |
| FY2021 | −2.94 | (0.46) |
| FY2020 | −2.48 | 0.17 |
| FY2019 | −2.65 | (0.51) |
| FY2018 | −2.14 | 0.94 |
| FY2017 | −3.08 | (0.01) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.82 | — | 0.75 | |
| Gross margin index | 1.00 | — | 0.53 | |
| Asset quality index | 0.91 | — | 0.37 | |
| Sales growth index | 0.94 | — | 0.84 | |
| Depreciation index | 2.05 | — | 0.24 | |
| SG&A index | 1.08 | — | −0.19 | |
| Total accruals to total assets | (0.09) | — | −0.43 | |
| Leverage index | 0.93 | — | −0.31 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −3.03 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| NCLX Northann Corp. compare | −4.1× |
| FGI FGI Industries Ltd. compare | −3.2× |
| CRWS Crown Crafts, Inc. | −3.0× |
| MWYN Marwynn Holdings, Inc. compare | −3.0× |
| KEQU Kewaunee Scientific Corporation compare | −2.7× |
| PRPL PURPLE INNOVATION, INC. compare | −2.7× |
| VIOT Viomi Technology Co., Ltd. Sponsored ADR compare | −2.6× |
| VIRC Virco Manufacturing Corporation compare | −2.4× |
| EFOI Energy Focus, Inc. compare | −2.3× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI