Haverty Furniture Companies (HVT) Financials

$20.37 -0.22 (-1.06%)

Closing price 03:59 PM Eastern

Extended Trading

$20.96 +0.59 (+2.92%)

As of 04:10 PM Eastern

Annual Income Statements for Haverty Furniture Companies

This table shows Haverty Furniture Companies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	91	56	20
Consolidated Net Income / (Loss)	89	56	20
Net Income / (Loss) Continuing Operations	89	56	20
Total Pre-Tax Income	120	73	26
Total Operating Income	118	67	20
Total Gross Profit	604	523	439
Total Revenue	1,047	862	723
Operating Revenue	1,047	862	723
Total Cost of Revenue	443	339	284
Operating Cost of Revenue	443	339	284
Total Operating Expenses	486	456	419
Selling, General & Admin Expense	486	456	419
Other Operating Expenses / (Income)	0.04	0.08	-0.21
Total Other Income / (Expense), net	1.62	5.51	6.08
Interest Expense	-1.62	-5.51	-6.08
Income Tax Expense	30	16	6.20
Basic Earnings per Share	$10.60	$6.77	$2.38
Weighted Average Basic Shares Outstanding	16.15M	16.15M	16.19M
Diluted Earnings per Share	$10.31	$6.61	$2.34
Weighted Average Diluted Shares Outstanding	16.15M	16.15M	16.19M
Weighted Average Basic & Diluted Shares Outstanding	16.15M	16.15M	16.19M

This table shows Haverty Furniture Companies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	25	25	12	12	17	15	2.39	4.44	4.93	8.31
Consolidated Net Income / (Loss)	25	24	12	12	17	15	2.39	4.44	4.93	8.20
Net Income / (Loss) Continuing Operations	25	24	12	12	17	15	2.39	4.44	4.93	8.20
Total Pre-Tax Income	33	33	15	16	23	19	3.20	6.45	6.87	9.63
Total Operating Income	32	32	14	15	21	17	1.64	4.99	5.31	8.13
Total Gross Profit	157	160	133	125	134	131	111	108	106	114
Total Revenue	274	281	225	206	220	211	184	179	176	184
Operating Revenue	274	281	225	206	220	211	184	179	176	184
Total Cost of Revenue	118	121	92	81	86	79	73	71	70	70
Operating Cost of Revenue	118	121	92	81	86	79	73	71	70	70
Total Operating Expenses	125	128	118	110	113	115	109	103	101	106
Selling, General & Admin Expense	125	128	118	110	113	115	109	103	101	106
Other Operating Expenses / (Income)	0.06	-0.13	-0.00	0.01	0.06	0.01	0.02	-0.10	-0.33	0.20
Total Other Income / (Expense), net	0.48	0.92	1.01	0.97	1.72	1.81	1.56	1.47	1.56	1.50
Interest Expense	-0.48	-0.92	-1.01	-0.97	-1.72	-1.81	-1.56	-1.47	-1.56	-1.50
Income Tax Expense	8.06	8.77	3.07	4.05	5.78	3.50	0.80	2.02	1.94	1.44
Basic Earnings per Share	$2.94	$2.88	$1.49	$1.41	$2.05	$1.82	$0.28	$0.52	$0.58	$1.00
Weighted Average Basic Shares Outstanding	16.15M	16.15M	16.26M	16.37M	16.27M	16.15M	16.24M	16.41M	16.41M	16.19M
Diluted Earnings per Share	$2.86	$2.80	$1.45	$1.37	$2.00	$1.79	$0.27	$0.52	$0.57	$0.98
Weighted Average Diluted Shares Outstanding	16.15M	16.15M	16.26M	16.37M	16.27M	16.15M	16.24M	16.41M	16.41M	16.19M
Weighted Average Basic & Diluted Shares Outstanding	16.15M	16.15M	16.26M	16.37M	16.27M	16.15M	16.24M	16.41M	16.41M	16.19M

This table details how cash moves in and out of Haverty Furniture Companies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-43	-2.15	-1.46
Net Cash From Operating Activities	51	97	59
Net Cash From Continuing Operating Activities	51	97	59
Net Income / (Loss) Continuing Operations	89	56	20
Consolidated Net Income / (Loss)	89	56	20
Depreciation Expense	17	19	22
Non-Cash Adjustments To Reconcile Net Income	-43	9.24	7.71
Changes in Operating Assets and Liabilities, net	-13	13	9.63
Net Cash From Investing Activities	-28	-53	-32
Net Cash From Continuing Investing Activities	-28	-53	-32
Purchase of Property, Plant & Equipment	-28	-53	-32
Sale of Property, Plant & Equipment	0.09	0.05	0.46
Net Cash From Financing Activities	-66	-46	-29
Net Cash From Continuing Financing Activities	-66	-46	-29
Repurchase of Common Equity	-30	-6.90	-4.99
Payment of Dividends	-34	-35	-20
Other Financing Activities, net	-1.68	-4.16	-3.28
Cash Interest Paid	0.13	0.16	0.16
Cash Income Taxes Paid	28	23	3.40

This table details how cash moves in and out of Haverty Furniture Companies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-6.20	-14	-2.88	-11	25	-14	-9.91	-1.80	11	-1.05
Net Cash From Operating Activities	12	13	11	29	39	18	3.14	14	24	17
Net Cash From Continuing Operating Activities	12	13	11	29	39	18	3.14	14	24	17
Net Income / (Loss) Continuing Operations	25	24	12	12	17	15	2.39	4.44	4.93	8.20
Consolidated Net Income / (Loss)	25	24	12	12	17	15	2.39	4.44	4.93	8.20
Depreciation Expense	4.08	4.18	4.36	4.66	4.81	4.78	4.95	5.20	5.58	5.88
Non-Cash Adjustments To Reconcile Net Income	-16	-29	-0.47	2.27	1.40	6.04	7.78	0.56	-2.69	2.06
Changes in Operating Assets and Liabilities, net	-0.41	14	-5.19	10	16	-7.99	-12	4.21	17	0.78
Net Cash From Investing Activities	-8.55	-6.28	-6.64	-34	-5.92	-6.69	-6.35	-9.55	-7.92	-7.81
Net Cash From Continuing Investing Activities	-8.55	-6.28	-6.64	-34	-5.92	-6.69	-6.35	-9.55	-7.92	-7.81
Purchase of Property, Plant & Equipment	-8.56	-6.30	-6.66	-34	-5.95	-6.69	-6.40	-9.55	-8.33	-7.81
Net Cash From Financing Activities	-9.55	-21	-7.32	-6.18	-8.08	-25	-6.70	-6.65	-5.23	-10
Net Cash From Continuing Financing Activities	-9.55	-21	-7.32	-6.18	-8.08	-25	-6.70	-6.65	-5.23	-10
Repurchase of Common Equity	-5.00	-	-	-	-	-3.70	-	-	-	-4.99
Payment of Dividends	-4.55	-21	-4.53	-4.89	-4.89	-21	-4.85	-5.23	-5.23	-5.17

This table presents Haverty Furniture Companies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	649	654	649
Total Current Assets	276	252	239
Cash & Equivalents	123	121	120
Restricted Cash	6.80	7.14	6.28
Inventories, net	118	94	83
Prepaid Expenses	9.71	17	15
Other Current Assets	18	13	15
Plant, Property, & Equipment, net	137	172	183
Total Noncurrent Assets	235	231	227
Noncurrent Deferred & Refundable Income Taxes	16	16	17
Other Noncurrent Operating Assets	220	215	210
Total Liabilities & Shareholders' Equity	649	654	649
Total Liabilities	360	346	341
Total Current Liabilities	154	138	132
Accounts Payable	23	19	15
Accrued Expenses	49	46	40
Customer Deposits	48	36	41
Other Current Liabilities	34	37	36
Total Noncurrent Liabilities	205	208	210
Capital Lease Obligations	187	180	182
Other Noncurrent Operating Liabilities	18	27	28
Total Equity & Noncontrolling Interests	289	308	308
Total Preferred & Common Equity	289	308	308
Preferred Stock	0.00	0.00	0.00
Total Common Equity	289	308	308
Common Stock	141	145	149
Retained Earnings	398	419	419
Accumulated Other Comprehensive Income / (Loss)	-0.76	-0.98	-0.87
Other Equity Adjustments	-249	-255	-260

This table presents Haverty Furniture Companies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	693	648	656	677	641	642	659
Total Current Assets	310	272	257	271	241	240	250
Cash & Equivalents	137	120	109	134	112	110	121
Restricted Cash	6.75	6.88	6.96	7.05	6.05	6.13	6.21
Inventories, net	137	114	115	102	92	92	89
Prepaid Expenses	12	11	12	13	17	16	17
Other Current Assets	17	20	15	14	14	15	18
Plant, Property, & Equipment, net	135	139	169	170	173	177	180
Total Noncurrent Assets	248	237	230	235	226	224	230
Noncurrent Deferred & Refundable Income Taxes	18	16	17	18	16	15	16
Other Noncurrent Operating Assets	230	221	213	218	211	209	214
Total Liabilities & Shareholders' Equity	693	648	656	677	641	642	659
Total Liabilities	409	352	351	360	334	335	352
Total Current Liabilities	193	139	144	151	131	130	138
Accounts Payable	25	16	20	21	17	18	18
Accrued Expenses	53	40	42	46	36	37	39
Customer Deposits	80	46	46	46	41	39	44
Other Current Liabilities	35	36	37	38	38	37	36
Total Noncurrent Liabilities	217	213	206	209	203	205	214
Capital Lease Obligations	197	-	179	182	175	177	186
Other Noncurrent Operating Liabilities	20	213	27	27	28	28	28
Total Equity & Noncontrolling Interests	284	296	306	316	307	307	308
Total Preferred & Common Equity	284	296	306	316	307	307	308
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	284	296	306	316	307	307	308
Common Stock	139	140	142	144	146	147	148
Retained Earnings	395	406	413	425	417	416	416
Accumulated Other Comprehensive Income / (Loss)	-2.17	-0.76	-0.76	-0.76	-0.98	-0.98	-0.98
Other Equity Adjustments	-249	-249	-249	-252	-255	-255	-255

This table displays calculated financial ratios and metrics derived from Haverty Furniture Companies' official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	3.40%	-17.67%	-16.15%
EBITDA Growth	0.15%	-36.35%	-51.42%
EBIT Growth	-0.36%	-42.99%	-70.13%
NOPAT Growth	-2.73%	-40.95%	-70.58%
Net Income Growth	-1.59%	-36.97%	-64.57%
EPS Growth	7.51%	-35.89%	-64.60%
Operating Cash Flow Growth	-47.54%	90.54%	-39.40%
Free Cash Flow Firm Growth	-168.94%	121.35%	-65.33%
Invested Capital Growth	316.70%	4.24%	0.65%
Revenue Q/Q Growth	1.42%	-7.49%	-3.52%
EBITDA Q/Q Growth	-0.35%	-14.28%	-15.17%
EBIT Q/Q Growth	-0.39%	-18.14%	-29.90%
NOPAT Q/Q Growth	-1.35%	-15.48%	-30.00%
Net Income Q/Q Growth	-0.63%	-13.43%	-25.43%
EPS Q/Q Growth	1.58%	-13.25%	-25.71%
Operating Cash Flow Q/Q Growth	9.84%	5.44%	-1.52%
Free Cash Flow Firm Q/Q Growth	6.85%	-8.06%	1.23%
Invested Capital Q/Q Growth	2.94%	1.01%	-0.85%
Profitability Metrics	-	-	-
Gross Margin	57.70%	60.67%	60.74%
EBITDA Margin	12.87%	9.95%	5.77%
Operating Margin	11.26%	7.80%	2.78%
EBIT Margin	11.26%	7.80%	2.78%
Profit (Net Income) Margin	8.53%	6.53%	2.76%
Tax Burden Percent	74.78%	77.46%	76.30%
Interest Burden Percent	101.37%	108.20%	130.30%
Effective Tax Rate	25.22%	22.54%	23.70%
Return on Invested Capital (ROIC)	41.05%	14.72%	4.23%
ROIC Less NNEP Spread (ROIC-NNEP)	38.97%	22.51%	12.79%
Return on Net Nonoperating Assets (RNNOA)	-8.28%	4.12%	2.25%
Return on Equity (ROE)	32.77%	18.84%	6.48%
Cash Return on Invested Capital (CROIC)	-81.53%	10.57%	3.58%
Operating Return on Assets (OROA)	17.66%	10.31%	3.08%
Return on Assets (ROA)	13.38%	8.64%	3.06%
Return on Common Equity (ROCE)	32.77%	18.84%	6.48%
Return on Equity Simple (ROE_SIMPLE)	30.88%	18.26%	6.49%
Net Operating Profit after Tax (NOPAT)	88	52	15
NOPAT Margin	8.42%	6.04%	2.12%
Net Nonoperating Expense Percent (NNEP)	2.09%	-7.79%	-8.56%
Return On Investment Capital (ROIC_SIMPLE)	18.51%	10.65%	3.13%
Cost of Revenue to Revenue	42.30%	39.33%	39.26%
SG&A Expenses to Revenue	46.44%	52.87%	57.99%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	46.44%	52.88%	57.96%
Earnings before Interest and Taxes (EBIT)	118	67	20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	135	86	42
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.47	1.76	1.17
Price to Tangible Book Value (P/TBV)	1.47	1.76	1.17
Price to Revenue (P/Rev)	0.41	0.63	0.50
Price to Earnings (P/E)	4.67	9.70	17.93
Dividend Yield	4.15%	3.53%	5.74%
Earnings Yield	21.41%	10.31%	5.58%
Enterprise Value to Invested Capital (EV/IC)	1.39	1.65	1.14
Enterprise Value to Revenue (EV/Rev)	0.46	0.69	0.58
Enterprise Value to EBITDA (EV/EBITDA)	3.57	6.95	9.97
Enterprise Value to EBIT (EV/EBIT)	4.08	8.88	20.71
Enterprise Value to NOPAT (EV/NOPAT)	5.46	11.46	27.14
Enterprise Value to Operating Cash Flow (EV/OCF)	9.44	6.14	7.06
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	15.96	32.08
Leverage & Solvency	-	-	-
Debt to Equity	0.65	0.59	0.59
Long-Term Debt to Equity	0.65	0.59	0.59
Financial Leverage	-0.21	0.18	0.18
Leverage Ratio	2.45	2.18	2.12
Compound Leverage Factor	2.48	2.36	2.76
Debt to Total Capital	39.23%	36.91%	37.19%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	39.23%	36.91%	37.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.77%	63.09%	62.81%
Debt to EBITDA	1.39	2.10	4.37
Net Debt to EBITDA	0.42	0.61	1.34
Long-Term Debt to EBITDA	1.39	2.10	4.37
Debt to NOPAT	2.12	3.47	11.89
Net Debt to NOPAT	0.65	1.01	3.64
Long-Term Debt to NOPAT	2.12	3.47	11.89
Altman Z-Score	4.01	3.71	2.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.79	1.82	1.82
Quick Ratio	0.80	0.87	0.91
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-175	37	13
Operating Cash Flow to CapEx	180.11%	183.19%	186.24%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	1.57	1.32	1.11
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	3.85	3.19	3.20
Fixed Asset Turnover	7.95	5.58	4.08
Accounts Payable Turnover	16.23	16.10	16.85
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	94.90	114.27	114.05
Days Payable Outstanding (DPO)	22.49	22.68	21.67
Cash Conversion Cycle (CCC)	72.42	91.60	92.39
Capital & Investment Metrics	-	-	-
Invested Capital	346	361	363
Invested Capital Turnover	4.88	2.44	2.00
Increase / (Decrease) in Invested Capital	263	15	2.36
Enterprise Value (EV)	481	597	416
Market Capitalization	424	544	360
Book Value per Share	$17.92	$18.95	$18.74
Tangible Book Value per Share	$17.92	$18.95	$18.74
Total Capital	476	489	490
Total Debt	187	180	182
Total Long-Term Debt	187	180	182
Net Debt	57	53	56
Capital Expenditures (CapEx)	28	53	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.11	-14	-19
Debt-free Net Working Capital (DFNWC)	122	113	107
Net Working Capital (NWC)	122	113	107
Net Nonoperating Expense (NNE)	-1.21	-4.27	-4.64
Net Nonoperating Obligations (NNO)	57	53	56
Total Depreciation and Amortization (D&A)	17	19	22
Debt-free, Cash-free Net Working Capital to Revenue	-0.77%	-1.68%	-2.63%
Debt-free Net Working Capital to Revenue	11.63%	13.15%	14.85%
Net Working Capital to Revenue	11.63%	13.15%	14.85%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$10.60	$6.77	$2.38
Adjusted Weighted Average Basic Shares Outstanding	16.15M	16.15M	16.19M
Adjusted Diluted Earnings per Share	$10.31	$6.61	$2.34
Adjusted Weighted Average Diluted Shares Outstanding	16.15M	16.15M	16.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	16.15M	16.15M	16.19M
Normalized Net Operating Profit after Tax (NOPAT)	88	52	15
Normalized NOPAT Margin	8.42%	6.04%	2.12%
Pre Tax Income Margin	11.41%	8.43%	3.62%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	37.99%	62.57%	102.57%
Augmented Payout Ratio	71.56%	74.81%	127.58%

This table displays calculated financial ratios and metrics derived from Haverty Furniture Companies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.42%	5.50%	-5.94%	-18.53%	-19.73%	-24.88%	-18.13%	-13.41%	-20.17%	-12.52%
EBITDA Growth	0.54%	-1.32%	-37.20%	-40.70%	-28.13%	-39.97%	-64.95%	-47.81%	-58.15%	-34.72%
EBIT Growth	0.89%	-1.42%	-43.74%	-47.89%	-33.97%	-47.14%	-88.63%	-66.46%	-74.96%	-51.28%
NOPAT Growth	0.00%	-4.93%	-40.11%	-48.76%	-34.40%	-41.32%	-89.38%	-69.02%	-76.00%	-48.87%
Net Income Growth	1.31%	-2.34%	-36.10%	-45.68%	-30.13%	-36.81%	-80.66%	-62.36%	-71.27%	-45.36%
EPS Growth	11.72%	6.06%	-32.87%	-44.98%	-30.07%	-36.07%	-81.38%	-62.04%	-71.50%	-45.25%
Operating Cash Flow Growth	-62.07%	55.45%	-46.19%	407.32%	229.94%	39.13%	-71.69%	-50.41%	-37.71%	-5.10%
Free Cash Flow Firm Growth	-214.19%	-228.04%	160.61%	82.78%	98.00%	99.53%	-247.48%	108.91%	-4.03%	502.00%
Invested Capital Growth	468.76%	316.70%	-41.32%	16.97%	6.22%	4.24%	114.63%	-0.09%	2.54%	0.65%
Revenue Q/Q Growth	8.40%	2.21%	-19.89%	-8.22%	6.81%	-4.36%	-12.69%	-2.91%	-1.52%	4.80%
EBITDA Q/Q Growth	10.00%	-1.22%	-47.47%	3.89%	33.32%	-17.49%	-69.33%	54.68%	6.92%	28.69%
EBIT Q/Q Growth	12.64%	-1.69%	-54.32%	3.03%	42.71%	-21.30%	-90.18%	204.02%	6.52%	53.15%
NOPAT Q/Q Growth	11.99%	-4.64%	-49.87%	-4.28%	43.38%	-14.69%	-90.93%	179.17%	11.08%	81.69%
Net Income Q/Q Growth	13.10%	-3.31%	-47.88%	-4.69%	45.47%	-12.55%	-84.05%	85.46%	11.04%	66.34%
EPS Q/Q Growth	14.86%	-2.10%	-48.21%	-5.52%	45.99%	-10.50%	-84.92%	92.59%	9.62%	71.93%
Operating Cash Flow Q/Q Growth	107.70%	7.73%	-13.59%	162.36%	35.08%	-54.57%	-82.42%	359.55%	69.69%	-30.79%
Free Cash Flow Firm Q/Q Growth	-2.91%	5.12%	154.47%	-132.38%	88.04%	77.59%	-16,892.76%	101.96%	-239.61%	186.62%
Invested Capital Q/Q Growth	6.84%	2.94%	-51.09%	117.47%	-2.97%	1.01%	0.70%	1.23%	-0.42%	-0.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.09%	57.01%	59.08%	60.54%	60.81%	62.36%	60.34%	60.45%	60.21%	61.92%
EBITDA Margin	13.19%	12.75%	8.36%	9.46%	11.81%	10.19%	3.58%	5.70%	6.19%	7.60%
Operating Margin	11.70%	11.26%	6.42%	7.21%	9.63%	7.92%	0.89%	2.79%	3.02%	4.41%
EBIT Margin	11.70%	11.26%	6.42%	7.21%	9.63%	7.92%	0.89%	2.79%	3.02%	4.41%
Profit (Net Income) Margin	8.94%	8.46%	5.50%	5.72%	7.79%	7.12%	1.30%	2.48%	2.80%	4.45%
Tax Burden Percent	75.29%	73.03%	80.14%	74.45%	74.80%	81.08%	74.90%	68.77%	71.72%	85.08%
Interest Burden Percent	101.50%	102.91%	107.00%	106.55%	108.10%	110.82%	194.82%	129.42%	129.37%	118.44%
Effective Tax Rate	24.71%	26.97%	19.86%	25.55%	25.20%	18.92%	25.10%	31.23%	28.28%	14.92%
Return on Invested Capital (ROIC)	46.01%	40.10%	23.21%	15.49%	19.35%	15.66%	2.06%	4.14%	4.48%	7.49%
ROIC Less NNEP Spread (ROIC-NNEP)	45.60%	38.94%	21.57%	16.79%	22.09%	18.33%	-1.26%	5.77%	6.73%	9.85%
Return on Net Nonoperating Assets (RNNOA)	-14.24%	-8.28%	-3.83%	3.25%	3.45%	3.36%	0.15%	1.16%	1.07%	1.73%
Return on Equity (ROE)	31.77%	31.82%	19.38%	18.74%	22.80%	19.02%	2.20%	5.30%	5.56%	9.23%
Cash Return on Invested Capital (CROIC)	-95.01%	-81.53%	87.20%	4.82%	11.72%	10.57%	-57.21%	9.33%	3.54%	3.58%
Operating Return on Assets (OROA)	16.59%	17.66%	9.88%	10.52%	13.10%	10.48%	1.14%	3.41%	3.39%	4.90%
Return on Assets (ROA)	12.68%	13.27%	8.47%	8.35%	10.59%	9.42%	1.66%	3.04%	3.14%	4.93%
Return on Common Equity (ROCE)	31.77%	31.82%	19.38%	18.74%	22.80%	19.02%	2.20%	5.30%	5.56%	9.23%
Return on Equity Simple (ROE_SIMPLE)	31.71%	0.00%	27.79%	23.71%	20.56%	0.00%	15.11%	12.70%	8.69%	0.00%
Net Operating Profit after Tax (NOPAT)	24	23	12	11	16	14	1.23	3.43	3.81	6.92
NOPAT Margin	8.81%	8.22%	5.14%	5.37%	7.20%	6.42%	0.67%	1.92%	2.17%	3.75%
Net Nonoperating Expense Percent (NNEP)	0.40%	1.16%	1.64%	-1.31%	-2.74%	-2.67%	3.32%	-1.63%	-2.25%	-2.35%
Return On Investment Capital (ROIC_SIMPLE)	-	4.84%	-	-	-	2.77%	-	-	-	1.41%
Cost of Revenue to Revenue	42.91%	42.99%	40.92%	39.46%	39.19%	37.64%	39.66%	39.55%	39.79%	38.08%
SG&A Expenses to Revenue	45.37%	45.79%	52.66%	53.33%	51.16%	54.43%	59.43%	57.71%	57.38%	57.40%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	45.39%	45.75%	52.66%	53.34%	51.18%	54.44%	59.45%	57.66%	57.19%	57.51%
Earnings before Interest and Taxes (EBIT)	32	32	14	15	21	17	1.64	4.99	5.31	8.13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	36	36	19	20	26	21	6.59	10	11	14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.26	1.47	1.60	1.50	1.39	1.76	1.78	1.34	1.46	1.17
Price to Tangible Book Value (P/TBV)	1.26	1.47	1.60	1.50	1.39	1.76	1.78	1.34	1.46	1.17
Price to Revenue (P/Rev)	0.35	0.41	0.46	0.46	0.47	0.63	0.66	0.52	0.60	0.50
Price to Earnings (P/E)	3.96	4.67	5.66	6.20	6.59	9.70	11.81	10.59	16.99	17.93
Dividend Yield	4.85%	4.15%	3.81%	4.05%	4.33%	3.53%	3.56%	6.01%	4.51%	5.74%
Earnings Yield	25.27%	21.41%	17.66%	16.14%	15.17%	10.31%	8.47%	9.44%	5.89%	5.58%
Enterprise Value to Invested Capital (EV/IC)	1.22	1.39	2.06	1.41	1.34	1.65	1.65	1.28	1.39	1.14
Enterprise Value to Revenue (EV/Rev)	0.40	0.46	0.34	0.53	0.51	0.69	0.73	0.59	0.68	0.58
Enterprise Value to EBITDA (EV/EBITDA)	3.03	3.57	2.81	4.72	4.79	6.95	8.17	7.34	10.37	9.97
Enterprise Value to EBIT (EV/EBIT)	3.46	4.08	3.26	5.60	5.84	8.88	11.05	10.59	17.79	20.71
Enterprise Value to NOPAT (EV/NOPAT)	4.59	5.46	4.33	7.45	7.79	11.46	14.42	13.87	23.28	27.14
Enterprise Value to Operating Cash Flow (EV/OCF)	8.82	9.44	8.39	8.04	5.20	6.14	6.74	6.32	8.52	7.06
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	1.74	31.61	11.79	15.96	0.00	13.73	39.79	32.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.69	0.65	0.00	0.59	0.58	0.59	0.57	0.58	0.60	0.59
Long-Term Debt to Equity	0.69	0.65	0.00	0.59	0.58	0.59	0.57	0.58	0.60	0.59
Financial Leverage	-0.31	-0.21	-0.18	0.19	0.16	0.18	-0.12	0.20	0.16	0.18
Leverage Ratio	2.53	2.45	2.41	2.36	2.28	2.18	2.14	2.12	2.14	2.12
Compound Leverage Factor	2.57	2.52	2.58	2.51	2.47	2.42	4.16	2.74	2.77	2.51
Debt to Total Capital	40.97%	39.23%	0.00%	36.92%	36.55%	36.91%	36.29%	36.56%	37.67%	37.19%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	40.97%	39.23%	0.00%	36.92%	36.55%	36.91%	36.29%	36.56%	37.67%	37.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.04%	60.77%	100.00%	63.08%	63.45%	63.09%	63.71%	63.45%	62.33%	62.81%
Debt to EBITDA	1.45	1.39	0.00	1.62	1.82	2.10	2.37	2.75	3.79	4.37
Net Debt to EBITDA	0.39	0.42	0.00	0.57	0.41	0.61	0.77	0.95	1.19	1.34
Long-Term Debt to EBITDA	1.45	1.39	0.00	1.62	1.82	2.10	2.37	2.75	3.79	4.37
Debt to NOPAT	2.20	2.12	0.00	2.56	2.96	3.47	4.19	5.21	8.50	11.89
Net Debt to NOPAT	0.59	0.65	0.00	0.90	0.66	1.01	1.36	1.79	2.68	3.64
Long-Term Debt to NOPAT	2.20	2.12	0.00	2.56	2.96	3.47	4.19	5.21	8.50	11.89
Altman Z-Score	3.17	3.57	3.60	3.45	3.30	3.45	3.39	3.11	3.02	2.89
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.61	1.79	1.97	1.78	1.79	1.82	1.84	1.84	1.82	1.82
Quick Ratio	0.71	0.80	0.87	0.76	0.89	0.87	0.85	0.84	0.88	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-253	-240	131	-42	-5.06	-1.14	-193	3.77	-5.27	4.56
Operating Cash Flow to CapEx	139.17%	204.00%	166.73%	85.92%	663.39%	266.62%	49.36%	150.87%	308.52%	216.73%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.57	1.54	1.46	1.36	1.32	1.27	1.22	1.12	1.11
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	3.42	3.85	3.73	3.31	3.17	3.19	3.10	2.99	3.07	3.20
Fixed Asset Turnover	7.94	7.95	7.71	6.57	6.10	5.58	5.26	4.58	4.28	4.08
Accounts Payable Turnover	14.71	16.23	18.19	14.87	16.52	16.10	19.63	16.13	14.90	16.85
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	106.73	94.90	97.78	110.26	114.99	114.27	117.66	122.21	119.00	114.05
Days Payable Outstanding (DPO)	24.82	22.49	20.07	24.55	22.10	22.68	18.60	22.63	24.50	21.67
Cash Conversion Cycle (CCC)	81.91	72.42	77.71	85.72	92.90	91.60	99.06	99.58	94.50	92.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	336	346	169	368	357	361	364	368	366	363
Invested Capital Turnover	5.22	4.88	4.51	2.89	2.69	2.44	3.08	2.16	2.07	2.00
Increase / (Decrease) in Invested Capital	277	263	-119	53	21	15	194	-0.35	9.08	2.36
Enterprise Value (EV)	410	481	348	521	479	597	601	471	509	416
Market Capitalization	357	424	475	458	439	544	545	411	451	360
Book Value per Share	$17.36	$17.92	$18.35	$18.79	$19.33	$18.95	$18.99	$18.91	$18.76	$18.74
Tangible Book Value per Share	$17.36	$17.92	$18.35	$18.79	$19.33	$18.95	$18.99	$18.91	$18.76	$18.74
Total Capital	480	476	296	484	499	489	481	484	494	490
Total Debt	197	187	0.00	179	182	180	175	177	186	182
Total Long-Term Debt	197	187	0.00	179	182	180	175	177	186	182
Net Debt	53	57	-127	63	41	53	57	61	59	56
Capital Expenditures (CapEx)	8.55	6.28	6.64	34	5.92	6.69	6.35	9.55	7.92	7.81
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-27	-8.11	6.71	-3.11	-22	-14	-8.01	-6.10	-15	-19
Debt-free Net Working Capital (DFNWC)	117	122	134	113	120	113	110	110	112	107
Net Working Capital (NWC)	117	122	134	113	120	113	110	110	112	107
Net Nonoperating Expense (NNE)	-0.36	-0.67	-0.81	-0.72	-1.29	-1.46	-1.16	-1.01	-1.12	-1.28
Net Nonoperating Obligations (NNO)	53	57	-127	63	41	53	57	61	59	56
Total Depreciation and Amortization (D&A)	4.08	4.18	4.36	4.66	4.81	4.78	4.95	5.20	5.58	5.88
Debt-free, Cash-free Net Working Capital to Revenue	-2.58%	-0.77%	0.65%	-0.31%	-2.34%	-1.68%	-0.98%	-0.77%	-2.01%	-2.63%
Debt-free Net Working Capital to Revenue	11.36%	11.63%	12.95%	11.46%	12.83%	13.15%	13.37%	13.86%	14.99%	14.85%
Net Working Capital to Revenue	11.36%	11.63%	12.95%	11.46%	12.83%	13.15%	13.37%	13.86%	14.99%	14.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.94	$2.88	$1.49	$1.41	$2.05	$1.82	$0.28	$0.52	$0.58	$1.00
Adjusted Weighted Average Basic Shares Outstanding	16.15M	16.15M	16.26M	16.37M	16.27M	16.15M	16.24M	16.41M	16.41M	16.19M
Adjusted Diluted Earnings per Share	$2.86	$2.80	$1.45	$1.37	$2.00	$1.79	$0.27	$0.52	$0.57	$0.98
Adjusted Weighted Average Diluted Shares Outstanding	16.15M	16.15M	16.26M	16.37M	16.27M	16.15M	16.24M	16.41M	16.41M	16.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	16.15M	16.15M	16.26M	16.37M	16.27M	16.15M	16.24M	16.41M	16.41M	16.19M
Normalized Net Operating Profit after Tax (NOPAT)	24	23	12	11	16	14	1.23	3.43	3.81	6.92
Normalized NOPAT Margin	8.81%	8.22%	5.14%	5.37%	7.20%	6.42%	0.67%	1.92%	2.17%	3.75%
Pre Tax Income Margin	11.88%	11.59%	6.87%	7.68%	10.41%	8.78%	1.74%	3.61%	3.91%	5.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	58.72%	37.99%	41.54%	47.68%	53.62%	62.57%	76.73%	92.07%	135.40%	102.57%
Augmented Payout Ratio	116.89%	71.56%	41.54%	47.68%	58.53%	74.81%	76.73%	92.07%	149.23%	127.58%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, jawbone-level view of Haverty Furniture Companies (NYSE: HVT) using the latest four quarters of 2024 and the preceding year comparisons from the data you provided. The focus is on cash flow, income statement trends, and balance sheet movements that retail investors typically care about.

Gross margin stable around 60–62% across 2024 quarters (Total Gross Profit as a % of Revenue remained in the low 60s), suggesting ongoing profitability on sales despite weaker top-line growth.
Operating cash flow remained positive in all 2024 quarters, with net cash from continuing operating activities around $24.4 million in Q3 2024 and about $16.9 million in Q4 2024, signaling solid cash-generation capability.
Cash and cash equivalents stayed robust in 2024, generally around $110–$121 million, providing liquidity to support dividends and capital needs.
Dividend per share remained at $0.62 for most of 2024 (after a $0.58 level earlier in the year), offering a steady income stream for investors.
Total assets edged lower versus 2023 year-end, with 2024 readings around $640–659 million compared with about $676.7 million at year-end 2023, indicating a modest portfolio rebalancing rather than a dramatic shift.
Inventories declined modestly in 2024 (e.g., 88.7 million by Q3 2024 vs about 102.3 million at end-2023), which can reduce carrying costs and improve working capital efficiency.
Capital lease obligations rose modestly in 2024 (around $186 million by Q3 2024), reflecting a slightly higher long-term liability load but still within a manageable range for the balance sheet.
Revenue declined year-over-year in every 2024 quarter versus the corresponding 2023 quarter (Q4 2024 revenue about $184.4 million vs Q4 2023 $210.7 million; Q3 2024 $175.9m vs $220.3m; Q2 2024 $178.6m vs $206.3m; Q1 2024 $184.0m vs $224.8m), indicating persistent top-line pressure.
Net income attributable to common shareholders faded in 2024, with Q4 2024 around $8.31 million vs Q4 2023 around $14.77 million, highlighting earnings softness even as cash flow remained positive.
Q4 2024 balance sheet includes a large negative Other Equity Adjustments item (~$255 million), a one-off accounting impact that can distort reported equity levels and warrants scrutiny.

05/05/26 04:48 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Haverty Furniture Companies' Financials

When does Haverty Furniture Companies' fiscal year end?

According to the most recent income statement we have on file, Haverty Furniture Companies' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Haverty Furniture Companies' net income changed over the last 2 years?

Haverty Furniture Companies' net income appears to be on a downward trend, with a most recent value of $19.96 million in 2024, falling from $89.36 million in 2022. The previous period was $56.32 million in 2023. See Haverty Furniture Companies' forecast for analyst expectations on whatâ€™s next for the company.

What is Haverty Furniture Companies' operating income?

Haverty Furniture Companies' total operating income in 2024 was $20.07 million, based on the following breakdown:

Total Gross Profit: $439.08 million
Total Operating Expenses: $419.01 million

How has Haverty Furniture Companies' revenue changed over the last 2 years?

Over the last 2 years, Haverty Furniture Companies' total revenue changed from $1.05 billion in 2022 to $722.90 million in 2024, a change of -31.0%.

How much debt does Haverty Furniture Companies have?

Haverty Furniture Companies' total liabilities were at $341.19 million at the end of 2024, a 1.3% decrease from 2023, and a 5.1% decrease since 2022.

How much cash does Haverty Furniture Companies have?

In the past 2 years, Haverty Furniture Companies' cash and equivalents has ranged from $120.03 million in 2024 to $123.13 million in 2022, and is currently $120.03 million as of their latest financial filing in 2024.

How has Haverty Furniture Companies' book value per share changed over the last 2 years?

Over the last 2 years, Haverty Furniture Companies' book value per share changed from 17.92 in 2022 to 18.74 in 2024, a change of 4.6%.

Related Companies

Financial statements for NYSE:HVT last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Haverty Furniture Companies (HVT) Financials

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Haverty Furniture Companies (HVT) Financials

Annual Income Statements for Haverty Furniture Companies

Quarterly Income Statements for Haverty Furniture Companies

Annual Cash Flow Statements for Haverty Furniture Companies

Quarterly Cash Flow Statements for Haverty Furniture Companies

Annual Balance Sheets for Haverty Furniture Companies

Quarterly Balance Sheets for Haverty Furniture Companies

Annual Metrics And Ratios for Haverty Furniture Companies

Quarterly Metrics And Ratios for Haverty Furniture Companies

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Key Financial Trends

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