Culp, Inc.
CULP Consumer Cyclical Textile Manufacturing
Culp, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $203.5 million, down 4.57% from fiscal 2025. In the quarter to July 2026, revenue grew 6.47%, EPS grew 2,450.0%, free cash flow grew 8,365.2% and total debt rose 52.2%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.
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Culp, Inc. (CULP) Altman Z-score
Culp, Inc.'s Altman Z-score for fiscal 2026 is 2.39, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.39 | 0.24 |
| FY2025 | 2.16 | (0.59) |
| FY2024 | 2.74 | 0.37 |
| FY2023 | 2.38 | (1.22) |
| FY2022 | 3.59 | (0.23) |
| FY2021 | 3.83 | 0.95 |
| FY2020 | 2.88 | (2.53) |
| FY2019 | 5.41 | (1.76) |
| FY2018 | 7.18 | 0.02 |
| FY2017 | 7.16 | (0.55) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.32 | — | 0.38 | |
| Retained earnings / total assets | 0.01 | — | 0.01 | |
| EBIT / total assets | (0.06) | — | −0.21 | |
| Market value of equity / total liabilities | 0.65 | — | 0.39 | |
| Sales / total assets | 1.82 | — | 1.82 | |
| Altman Z-score | Grey zone | 2.39 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.48 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| SMJF SMJ International Holdings Inc. compare | 6.9× |
| PASW Ping An Biomedical Co., Ltd. compare | 4.3× |
| UFI Unifi, Inc. compare | 2.8× |
| AIN Albany International Corporation compare | 2.7× |
| CULP Culp, Inc. | 2.4× |
| DXYN The Dixie Group, Inc. compare | −0.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets