Company / Income Tax
CULP INC Income Tax History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$392.0K
FY2024
5-year range
$392.0K / $6.5M
FY2020-FY2024
Trend
-87.1%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Income Tax has declined for 4 consecutive years, from $8M in FY2020 to $392,000 in FY2024.
Based on SEC 10-K filings.
$392,000 in FY2024 with a 5-year CAGR of -34.9%.
Improved from $3M to $392,000 over the past 2 years.
Income Tax over time
Growth rates
- 3-Year CAGR
- -60.9%
- 5-Year CAGR
- -34.9%
- 10-Year CAGR
- -
Key checks
Key Insights
- CULP INC's income tax has declined for 4 consecutive years.
- 5-year CAGR of -34.9%, indicating a declining trend.
- In FY2024, income tax decreased 87.1% year-over-year.
- Peak income tax was recorded in FY2017.
Company context
Key Data Points
- Low Piotroski F-Score: 0/9 (multiple financial health concerns)
- Altman Z-Score 0.66 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $392.0K | -87.1% |
| FY2023 | $3.0M | -9.1% |
| FY2022 | $3.4M | -48.7% |
| FY2021 | $6.5M | -15.0% |
| FY2020 | $7.7M | +129.4% |
| FY2019 | $3.4M | -48.7% |
| FY2018 | $6.5M | -17.1% |
| FY2017 | $7.9M | +7.4% |
| FY2016 | $7.3M | -33.1% |
As of FY2024 · SEC 10-K · Updated Jun 24, 2026