Bassett Furniture Industries (BSET) financial statements
Bassett Furniture Industries reported revenue of $335M in fiscal 2025, down 2.8% a year over 9 years.
Net income was $6M and the operating margin 2.3%, against 6.5% in 2016.
Free cash flow was $9M, and the company returned $7M in dividends and $2M in net buybacks.
The diluted share count fell 13% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Bassett Furniture Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $432M | $453M | $457M | $452M | $338M | $431M | $486M | $390M | $330M | $335M |
| Cost of revenue | $168M | $178M | $180M | $179M | $164M | $210M | $237M | $184M | $151M | $147M |
| Gross profit | $265M | $275M | $277M | $273M | $174M | $221M | $248M | $206M | $179M | $189M |
| Selling, general and admin | — | — | — | — | $176M | $197M | $218M | $205M | $188M | $180M |
| Operating income | $28M | $27M | $14M | -$595,000 | -$16M | $24M | $35M | -$3M | -$16M | $8M |
| Interest expense | $552,000 | $234,000 | $57,000 | $6,000 | $0 | $33,000 | $38,000 | $22,000 | $30,000 | $52,000 |
| Pre-tax income | $26M | $28M | $12M | -$2M | -$18M | $23M | $34M | -$2M | -$14M | $9M |
| Income tax | $10M | $10M | $4M | $188,000 | -$7M | $6M | $9M | $683,000 | -$5M | $3M |
| Net income | $16M | $18M | $8M | -$2M | -$10M | $18M | $65M | -$3M | -$10M | $6M |
| EPS (diluted) | $1.46 | $1.70 | $0.77 | -$0.19 | -$1.04 | $1.83 | $6.95 | -$0.36 | -$1.11 | $0.70 |
| Diluted shares | 11M | 11M | 11M | 10M | 10M | 10M | 9M | — | — | — |
| Gross margin | 61.2% | 60.8% | 60.7% | 60.4% | 51.6% | 51.3% | 51.1% | 52.9% | 54.4% | 56.3% |
| Operating margin | 6.5% | 6.0% | 3.1% | -0.1% | -4.8% | 5.6% | 7.2% | -0.8% | -4.9% | 2.3% |
| Net margin | 3.7% | 4.0% | 1.8% | -0.4% | -3.1% | 4.2% | 13.5% | -0.8% | -2.9% | 1.8% |
Balance sheet
Fiscal years, from Bassett Furniture Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $58M | $77M | $56M | $37M | $64M | $52M | $79M | $70M | $60M | $59M |
| Receivables | $18M | $20M | $19M | $21M | $22M | $21M | $18M | $14M | $13M | $14M |
| Inventory | $53M | $54M | $64M | $66M | $55M | $78M | $85M | $63M | $55M | $62M |
| Total current assets | $141M | $159M | $149M | $137M | $161M | $180M | $196M | $158M | $142M | $146M |
| Property, plant and equipment | $105M | $103M | $105M | $102M | $91M | $69M | $77M | $84M | $77M | $73M |
| Goodwill | $12M | $12M | $16M | $14M | $7M | $7M | $13M | $7M | $7M | $7M |
| Total assets | $278M | $294M | $292M | $276M | $403M | $422M | $406M | $370M | $341M | $324M |
| Total current liabilities | $77M | $83M | $82M | $72M | $118M | $134M | $101M | $78M | $73M | $77M |
| Long-term debt | $4M | $329,000 | — | — | — | — | — | — | — | — |
| Total liabilities | $98M | $102M | $101M | $97M | $245M | $259M | $211M | $187M | $174M | $159M |
| Shareholders' equity | $181M | $191M | $190M | $179M | $158M | $163M | $196M | $183M | $167M | $165M |
| Net debt | -$28M | -$50M | -$33M | -$20M | -$46M | -$34M | -$62M | -$52M | -$40M | -$41M |
Cash flow
Fiscal years, from Bassett Furniture Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $39M | $37M | $30M | $10M | $37M | $15M | -$3M | $19M | $4M | $13M |
| Capital spending | $22M | $16M | $18M | $17M | $6M | $11M | $21M | $17M | $5M | $5M |
| Free cash flow | $18M | $22M | $12M | -$8M | $31M | $4M | -$24M | $1M | -$1M | $9M |
| Dividends paid | $6M | $8M | $9M | $5M | $5M | $8M | $20M | $6M | $7M | $7M |
| Share buybacks (net) | -$6M | -$83,000 | -$6M | -$7M | -$2M | -$6M | -$15M | -$4M | -$1M | -$2M |
| Net borrowing | $7M | — | — | — | — | — | — | — | — | — |
| Free cash flow margin | 4.1% | 4.8% | 2.5% | -1.7% | 9.1% | 0.9% | -5.0% | 0.3% | -0.4% | 2.7% |
| Dividends per share | $0.58 | $0.72 | $0.82 | $0.50 | $0.46 | $0.78 | $2.14 | — | — | — |
Questions
What was Bassett Furniture Industries's revenue in 2025?
$335M in fiscal 2025, from its 10-K filing.
How much free cash flow does Bassett Furniture Industries generate?
$9M in fiscal 2025 (operating cash flow minus capital spending).
From Bassett Furniture Industries's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.