Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $685 | $818 | $791 | $646 | $615 |
| Gross Profit | $393 | $485 | $480 | $393 | $372 |
| Operating Income | $77 | $138 | $137 | $78 | $62 |
| Net Income | $60 | $103 | $106 | $64 | $52 |
Over the five-year period, Ethan Allen Interiors Inc. experienced a notable turnaround in its financial performance. In 2022, the company enjoyed strong growth as revenue jumped from USD 685 million in 2021 to USD 818 million, with gross profit rising by approximately 23% to USD 485 million. Operating income more than doubled—from around USD 77 million to USD 138 million—and net income increased by roughly 72% to USD 103 million. These figures suggest that market conditions or internal improvements likely drove efficiencies and bolstered profitability during this period. However, the momentum did not sustain, as evidenced by declines in 2023, 2024, and 2025. Revenue decreased to USD 791 million in 2023 and dropped significantly by roughly 18% to USD 646 million in 2024, further declining to about USD 615 million in 2025. Gross profit followed a similar downtrend after its peak, falling from USD 480 million in 2023 to approximately USD 393 million in 2024, and further to USD 372 million in 2025. Most strikingly, operating income plunged by around 43% from USD 137 million in 2023 to just under USD 78 million in 2024, with net income also retreating sharply. This marked deterioration in margins and profitability in the latter years may indicate operational challenges, pricing pressures, or shifts in market dynamics. Overall, while the company demonstrated robust growth in 2022, the subsequent declines raise concerns about its near-term financial sustainability, warranting careful monitoring of its performance and strategic adjustments within a competitive retail and furniture industry landscape.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.