HAVERTY FURNITURE COMPANIES INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data HAVERTY FURNITURE COMPANIES INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	822	820	818	802	748	1,013	1,047	862	723	759
Cost of revenue	378	375	371	368	329	438	443	339	284	298
Gross profit	443	445	447	434	419	575	604	523	439	460
Selling, general and administrative	399	403	405	407	377	456	486	456	419	439
Operating expenses	396	400	405	407	342	456	486	456	419	439
Interest expense	2.57	2.51	2.45	0.15	0.39	0.15	0.15	0.16	0.16	0.16
Pre-tax income	45.8	43.2	40.4	28.7	76.7	119	120	72.7	26.2	26.8
Income tax	17.5	22.1	10.1	6.86	17.6	27.7	30.1	16.4	6.2	7.1
Net income	28.4	21.1	30.3	21.9	59.1	90.8	89.4	56.3	20	19.7

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	63.5	79.5	71.5	75.7	200	166	123	121	120	125
Receivables	4.24	2.41	1.83	1.53
Inventory	102	103	106	105	89.9	112	118	94	83.4	96.2
Other current assets	7.5	5.92	6.26	9.65	9.99	11.7	18.3	12.8	14.6	11.1
Total current assets	194	211	202	205	316	309	276	252	239	249
Property, plant and equipment	234	229	217	157	108	126	137	172	183	177
Lease right-of-use assets			0	175	229	222	207	202	194	191
Other non-current assets	7.89	8.8	8.71	10.3	11.2	12.4	12.4	13	15.7	12.6
Total assets	455	461	440	560	680	686	649	654	649	649
Accounts payable	25.7	20.5	19.8	27.8	31.4	31.2	23.3	18.8	14.9	15.4
Accrued liabilities	41.9	37.6	39.9	39.7	53	46.7	48.7	46.3	39.6	46.5
Deferred revenue		27.8	24.5	30.1	86.2	98.9	48	35.8	40.7	35.5
Short-term debt	3.46	3.79	4.02	0
Total current liabilities	96	89.7	88.2	127	204	210	154	138	132	133
Long-term debt	52	50.8	46.8	0
Lease liabilities			0	150	200	197	187	180	182	180
Other non-current liabilities	24.7	26.7	30.5	23	23.2	23.2	18.4	27.1	27.5	27.2
Total liabilities	173	167	166	300	427	430	360	346	341	341
Total debt	55.5	54.6	50.8	0
Paid-in capital	86.3	89	91.4	93.2	96.9	103	109	113	117	123
Retained earnings	278	287	282	296	305	343	398	419	419	418
Treasury stock	-111	-111	-129	-158	-178	-219	-249	-255	-260	-265
Other comprehensive income	-1.83	-2.14	-1.47	-2.09	-2.56	-2.29	-0.76	-0.98	-0.87	-1.11
Shareholders' equity	282	294	275	261	253	256	289	308	308	308
Total equity	282	294	275	261	253	256	289	308	308	308
Total liabilities and equity	455	461	440	560	680	686	649	654	649	649

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	28.4	21.1	30.3	21.9	59.1	90.8	89.4	56.3	20	19.7
Depreciation and amortization	29	30.5	29.8	20.6	18.2	16.3	16.9	18.6	21.6	23.8
Stock-based compensation	3.87	3.82	4.36	3.44	4.38	8.21	7.2	8.01	6.74	7.31
Deferred income tax	-1.12	5.56	-0.44	-2.69	-2.46	0.23	0.58	-1.17	-1.47	-2.15
Change in receivables	1.51	1.82	0.54	0.25
Change in inventory	6.88	-2.11	-2.4	1.02	14.9	-22.1	-6.3	24.4	10.5	-12.7
Change in payables	-2.03	-10.5	1.49	8.58	17.3	-6.45	-5.98	-6.68	-11.4	8.09
Cash from operations	60.1	52.5	70.4	63.4	130	97.2	51	97.2	58.9	52.6
Capital expenditures	-29.8	-24.5	-21.5	-16.8	-10.9	-34.1	-28.4	-53.1	-32.1	-19.7
Cash from investing	-13.2	-21.5	-19	-14.6	65.4	-34	-28.3	-53.1	-31.6	-19.6
Share buybacks	-21.3	0	-18.7	-29.8	-19.7	-41.8	-30	-6.9	-4.99	-4.78
Dividends paid	-30.4	-11.4	-35.5	-15.1	-50.5	-52.4	-33.9	-35.2	-20.5	-20.8
Cash from financing	-54	-14.8	-59.2	-46.3	-71.2	-97.1	-65.6	-46.3	-28.7	-27.5
Net change in cash	-7.18	16	-7.8	2.59	124	-33.9	-42.9	-2.15	-1.46	5.56
Free cash flow	30.2	28	48.9	46.6	119	63.2	22.6	44.1	26.8	33
Interest paid	2.54	2.49	2.43	0.13	0.37	0.13	0.13	0.16	0.16	0.16
Income taxes paid	26.6	18.8	8.41	9.07	18.2	32.4	28	23.3	3.4

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $27.95 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	60.9%	Gross profit / revenue.
Pre-tax margin	3.9%	Pre-tax income / revenue.
Net margin	2.9%	Net income / revenue.
FCF margin	5.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	7.8%	Cash from operations / revenue.
Effective tax rate	25.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	7.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.5%	Net income / average total assets.
SG&A / revenue	57.6%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.0%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.7%	Capital expenditures / revenue.
D&A / revenue	3.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	5.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-10.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	0.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	4.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-8.7%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	1.9%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-1.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-39.6%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-19.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-10.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	1.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-16.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	23.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	13.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-22.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	0.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	2.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	0.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	0.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-0.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.69x	Current assets / current liabilities.
Quick ratio	0.74x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.74x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	55.2%	Total liabilities / total assets.
Working capital	$97.0M	Current assets - current liabilities.
Tangible book value	$294.1M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.19x	Revenue / average total assets.
Fixed asset turnover	4.36x	Revenue / average property, plant and equipment.
Inventory turnover	3.04x	Cost of revenue / average inventory.
Days inventory	120 days	365 x average inventory / cost of revenue.
Days payables	25 days	365 x average accounts payable / cost of revenue.
FCF conversion	173.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	34.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
Payout ratio	92.5%	Dividends paid / net income, when net income is positive.
Dividends / FCF	53.4%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	49.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$435.8M	Share price x shares outstanding.
Enterprise value	$331.5M	Market cap + total debt - cash - short-term investments.
P/E	19.1x	Market cap / net income. Only when net income is positive.
P/S	0.56x	Market cap / revenue.
P/B	1.48x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.48x	Market cap / tangible book value, when positive.
P/FCF	11.0x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	7.19x	Market cap / cash from operations, when positive.
EV/Sales	0.42x	Enterprise value / revenue.
EV/FCF	8.39x	Enterprise value / free cash flow, when both are positive.
FCF yield	9.1%	Free cash flow / market cap.
Earnings yield	5.2%	Net income / market cap (the inverse of P/E).
Dividend yield	4.8%	Dividends paid over the period / market cap.
Shareholder yield	9.3%	(Dividends paid + share buybacks) / market cap.

What was HAVERTY FURNITURE COMPANIES INC's revenue in fiscal 2025?

HAVERTY FURNITURE COMPANIES INC reported revenue of $759.0M for fiscal 2025, 5% higher than the year before.

Was HAVERTY FURNITURE COMPANIES INC profitable in fiscal 2025?

Yes. Net income was $19.7M, a net margin of 2.6%.

How much free cash flow did HAVERTY FURNITURE COMPANIES INC generate in fiscal 2025?

Cash from operations of $52.6M minus capital expenditures of $19.7M left free cash flow of $33.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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