olivLaw · US equity research
Ethan Allen Interiors Inc. ETD
Wood Household Furniture, (No Upholstered) · SIC 2511 · Vertical: Furniture and fixtures (SIC 251x)
Ethan Allen Interiors is a vertically integrated interior design company, manufacturer and retailer with a network of luxury design centers in the United States and abroad, making most of its furniture in North American plants. Fiscal 2026 was marked by lower sales due to weaker contract orders and tariffs, although the company remains debt-free with a robust balance sheet. Consolidated net sales fell 5.7%.
At the close of 05 Nov 2026, Ethan Allen Interiors Inc. (ETD) stock was 20.70 USD (−3.18% on the day), with market capitalisation 521.7 m USD, P/E 13.3 on diluted EPS of 1.56 USD over the last 12 months, dividend yield 8.74%, beta 0.75, 52-week range 18.68–25.20 USD. Latest reported quarter (Q4 2026): revenue of 146.8 m USD (−8.5% YoY), net income of 11.8 m USD (−4.2% YoY), diluted EPS 0.46 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 50.5
- neutral
- Bollinger (20, 2)
- 19.40 – 21.19
- in the upper half of the band · %B 0.73 · band width 8.8%
- SMA 50 / 200
- 21.20 / 21.97
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.11 / -0.27
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −1.8% | −5.9% | +4.2 pp | — |
| 3 months | −12.0% | −4.6% | −7.3 pp | — |
| 6 months | +1.3% | +0.2% | +1.0 pp | — |
| Year to date | −9.4% | +7.4% | −16.8 pp | — |
| 1 year | −14.2% | +8.2% | −22.4 pp | −9.6% |
| 3 years | −21.4% | +68.4% | −89.8 pp | −7.3% |
| 5 years | −16.8% | +56.5% | −73.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 154.3 m | 157.3 m | 142.7 m | 160.4 m | 147.0 m | 149.9 m | 135.8 m | 146.8 m |
| Cost of revenue | 60.5 m | 62.4 m | 55.3 m | 64.3 m | 56.8 m | 58.6 m | 55.1 m | 54.1 m |
| Gross profit | 93.9 m | 94.8 m | 87.4 m | 96.1 m | 90.2 m | 91.3 m | 80.7 m | 92.6 m |
| SG&A | 76.1 m | 76.7 m | 76.3 m | 80.8 m | 79.7 m | 77.9 m | 73.9 m | 77.2 m |
| Operating income | 17.6 m | 18.2 m | 11.0 m | 15.3 m | 10.0 m | 14.2 m | 6.5 m | 14.3 m |
| Depreciation & amortisation | 3.9 m | 4.0 m | 3.8 m | 3.9 m | 3.8 m | 3.8 m | 3.8 m | 3.7 m |
| Interest expense | 60.0 k | 63.0 k | 60.0 k | 60.0 k | 59.0 k | 60.0 k | 55.0 k | 53.0 k |
| Pre-tax income | 19.7 m | 20.1 m | 12.5 m | 16.7 m | 14.0 m | 15.7 m | 7.8 m | 15.6 m |
| Income tax | 5.0 m | 5.1 m | 2.9 m | 4.4 m | 3.6 m | 4.0 m | 1.9 m | 3.9 m |
| Net income | 14.7 m | 15.0 m | 9.6 m | 12.3 m | 10.5 m | 11.7 m | 5.9 m | 11.8 m |
| Diluted EPS | 0.57 | 0.59 | 0.37 | 0.48 ≈ | 0.41 | 0.46 | 0.23 | 0.46 ≈ |
| Operating cash flow | 15.1 m | 11.6 m ≈ | 10.2 m ≈ | 24.8 m | 16.8 m | -1.8 m ≈ | 15.1 m ≈ | 22.4 m |
| Capex | 3.6 m | 3.8 m ≈ | 2.0 m ≈ | 1.9 m | 2.4 m | 2.9 m ≈ | 3.0 m ≈ | 2.8 m |
| Dividends paid | 20.2 m | 10.0 m ≈ | 10.0 m ≈ | 10.0 m | 16.4 m | 10.0 m ≈ | 10.0 m ≈ | 10.0 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 43 percentile of its own 30-quarter history (min 5.9, median 13.8, max 28.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 746.7 m | 589.8 m | 685.2 m | 817.8 m | 791.4 m | 646.2 m | 614.6 m | 579.5 m |
| Revenue YoY | −2.6% | −21.0% | +16.2% | +19.4% | −3.2% | −18.3% | −4.9% | −5.7% |
| Net income | 25.7 m | 8.9 m | 60.0 m | 103.3 m | 105.8 m | 63.8 m | 51.6 m | 39.9 m |
| Net income YoY | −29.3% | −65.4% | +574.2% | +72.1% | +2.4% | −39.7% | −19.1% | −22.7% |
| Diluted EPS | 0.96 | 0.34 | 2.37 | 4.05 | 4.13 | 2.49 | 2.01 | 1.56 |
| Diluted EPS YoY | −27.3% | −64.6% | +597.1% | +70.9% | +2.0% | −39.7% | −19.3% | −22.4% |
| net % | 3.4% | 1.5% | 8.8% | 12.6% | 13.4% | 9.9% | 8.4% | 6.9% |
| Free cash flow | 46.1 m | 37.0 m | 117.9 m | 56.0 m | 86.8 m | 70.6 m | 50.4 m | 41.4 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- 73.6 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 471.5 m USD
- Total assets
- 719.7 m USD
- Debt / equity
- unavailable
- Current ratio
- 2.06x
- ROE
- 8.4%
- ROA
- 5.5%
- FCF margin
- 7.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 685.2 m | 817.8 m | 791.4 m | 646.2 m | 614.6 m | 579.5 m | SEC (XBRL)· 03 Sept 2026verified |
| Cost of revenue | 292.1 m | 333.1 m | 311.0 m | 253.2 m | 242.5 m | 224.7 m | SEC (XBRL)· 03 Sept 2026verified |
| Gross profit | 393.1 m | 484.7 m | 480.4 m | 393.1 m | 372.1 m | 354.8 m | SEC (XBRL)· 03 Sept 2026verified |
| SG&A | 313.4 m | 350.9 m | 346.9 m | 315.1 m | 309.8 m | 308.6 m | SEC (XBRL)· 03 Sept 2026verified |
| Operating income | 77.3 m | 138.3 m | 137.2 m | 78.0 m | 62.0 m | 45.0 m | SEC (XBRL)· 03 Sept 2026verified |
| Depreciation & amortisation | 16.4 m | 16.0 m | 15.6 m | 16.0 m | 15.5 m | 15.2 m | SEC (XBRL)· 03 Sept 2026verified |
| EBITDA | 93.7 m ≈ | 154.2 m ≈ | 152.8 m ≈ | 93.9 m ≈ | 77.5 m ≈ | 60.3 m ≈ | SEC (XBRL)· 03 Sept 2026derived |
| Interest expense | 500.0 k | 200.0 k | 4.4 m | 7.4 m | 243.0 k | 227.0 k | SEC (XBRL)· 03 Sept 2026verified |
| Pre-tax income | 76.4 m | 138.1 m | 141.0 m | 85.4 m | 69.0 m | 53.2 m | SEC (XBRL)· 03 Sept 2026verified |
| Income tax | 16.4 m | 34.8 m | 35.2 m | 21.6 m | 17.4 m | 13.3 m | SEC (XBRL)· 03 Sept 2026verified |
| Net income | 60.0 m | 103.3 m | 105.8 m | 63.8 m | 51.6 m | 39.9 m | SEC (XBRL)· 03 Sept 2026verified |
| Diluted EPS | 2.37 | 4.05 | 4.13 | 2.49 | 2.01 | 1.56 | SEC (XBRL)· 03 Sept 2026verified |
| Weighted average diluted shares | — | 25.5 m | 25.6 m | 25.6 m | 25.6 m | 25.6 m | SEC (XBRL)· 03 Sept 2026verified |
| Dividend per share | — | 1.90 | 1.82 | 1.97 | 1.96 | 1.81 | SEC (XBRL)· 03 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 105.2 m | 109.9 m | 62.1 m | 69.7 m | 76.2 m | 73.6 m | SEC (XBRL)· 03 Sept 2026verified |
| Receivables | 7.5 m | 17.0 m | 11.6 m | 6.8 m | 6.1 m | 4.4 m | SEC (XBRL)· 03 Sept 2026verified |
| Inventories | 164.6 m | 176.5 m | 149.2 m | 142.0 m | 140.9 m | 148.5 m | SEC (XBRL)· 03 Sept 2026verified |
| Current assets | 316.2 m | 346.7 m | 359.5 m | 332.7 m | 309.9 m | 305.5 m | SEC (XBRL)· 03 Sept 2026verified |
| Property, plant & equipment, net | 222.2 m | 223.5 m | 222.2 m | 215.3 m | — | — | SEC (XBRL)· 23 Aug 2024verified |
| Goodwill | 25.4 m | 25.4 m | 25.4 m | 25.4 m | 25.4 m | 25.4 m | SEC (XBRL)· 03 Sept 2026verified |
| Intangibles (excl. goodwill) | 19.7 m | 19.7 m | 19.7 m | 19.7 m | 19.7 m | 19.7 m | SEC (XBRL)· 03 Sept 2026verified |
| Total assets | 689.3 m | 719.9 m | 745.5 m | 744.9 m | 737.1 m | 719.7 m | SEC (XBRL)· 03 Sept 2026verified |
| Accounts payable | 37.5 m | 37.4 m | 28.6 m | 27.4 m | 22.1 m | 30.1 m | SEC (XBRL)· 03 Sept 2026verified |
| Current liabilities | 222.8 m | 215.6 m | 163.1 m | 153.7 m | 152.9 m | 148.4 m | SEC (XBRL)· 03 Sept 2026verified |
| Total liabilities | 323.6 m | 312.6 m | 274.4 m | 262.0 m | 254.8 m | 248.2 m | SEC (XBRL)· 03 Sept 2026verified |
| Equity | 365.7 m | 407.3 m | 471.0 m | 482.9 m | 482.3 m | 471.5 m | SEC (XBRL)· 03 Sept 2026verified |
| Shares outstanding at year end | 25.3 m | — | — | — | — | — | SEC (XBRL)· 27 Oct 2021verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 129.9 m | 69.4 m | 100.7 m | 80.2 m | 61.7 m | 52.5 m | SEC (XBRL)· 03 Sept 2026verified |
| Capex | 12.0 m | 13.4 m | 13.9 m | 9.6 m | 11.3 m | 11.0 m | SEC (XBRL)· 03 Sept 2026verified |
| Free cash flow | 117.9 m ≈ | 56.0 m ≈ | 86.8 m ≈ | 70.6 m ≈ | 50.4 m ≈ | 41.4 m ≈ | SEC (XBRL)· 03 Sept 2026derived |
| Investing cash flow | -7.1 m | -14.0 m | -101.5 m | -20.0 m | -2.4 m | -2.8 m | SEC (XBRL)· 03 Sept 2026verified |
| Financing cash flow | -91.0 m | -49.0 m | -47.6 m | -52.3 m | -52.6 m | -53.3 m | SEC (XBRL)· 03 Sept 2026verified |
| Dividends paid | 43.3 m | 48.3 m | 46.4 m | 50.3 m | 50.1 m | 46.3 m | SEC (XBRL)· 03 Sept 2026verified |
| Share repurchases | 0 | 0 | — | 0 | 0 | 4.8 m | SEC (XBRL)· 03 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 62 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 521.7 m USD
Key indicators
Coverage and freshness
Score by group
- Growth0
- Returns65
- Balance sheet100
- Valuation77
- Quality89
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 18.65 – 42.34 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E18.65 – 42.34 (Mid 25.76)5 companies used · median multiple 16.5x · quartiles 12.0x – 27.1xBSET, FLXS, LZB, SGI, XMAX
- Dividend discount (DDM)23.79 – 31.99 (Mid 27.28)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 62/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 6.9% | 78 (vs peers) | 9% |
| FCF conversion · Quality | 103.9% | 100 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | -9.9% | 0 (on a fixed band) | 12% |
| EPS CAGR 3Y · Growth | -27.7% | 0 (on a fixed band) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 198.3x | 100 (on a fixed band) | 9% |
| Current ratio · Balance sheet | 2.1x | 100 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 13.3x | 60 (vs peers) | 15% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 7.9% | 99 (on a fixed band) | 12% |
| Shareholder yield (distributions) · Returns | 9.8% | 100 (on a fixed band) | 9% |
| Payout ratio (FCF) · Returns | 111.7% | 12 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet100/100 · 2/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality89/100 · 2/3 factors with a value
- Returns65/100 · 2/2 factors with a value
- Valuation77/100 · 2/3 factors with a value
Memo
Ethan Allen Interiors Inc. (ETD). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: revenue 579.5 m USD in 2026; YoY growth -5.7%; net margin 6.9%; ROE 8.4%.
The estimated value range is 21.22–37.16 USD per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 26.52 USD, the price of 20.70 USD leaves a potential of 28.1% (value / price − 1) and a margin of safety of 21.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 62/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 6.9%
- FCF conversion: 103.9%
- Interest coverage: 198.3x
- Current ratio: 2.1x
- FCF yield: 7.9%
- Shareholder yield (distributions): 9.8%
- The price is below the estimated value range
What contradicts it
- Revenue CAGR 3Y: -9.9%
- EPS CAGR 3Y: -27.7%
- Payout ratio (FCF): 111.7%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Furniture and fixtures (SIC 251x) · same industry group (3-digit SIC) · compared with 9 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SGISomnigroup International Inc. | 14.3 bn | 27.1 | 17.6% | 7.0% | +51.6% | −26% / +68% |
| MBCMasterBrand, Inc. | 1.4 bn | — | -5.8% | -3.5% | +1.3% | −36% / −47% |
| LZBLa-Z-Boy Incorporated | 1.3 bn | 16.5 | 8.0% | 3.9% | +0.8% | −16% / −7% |
| CODICompass Diversified Holdings | 863.0 m | — | -17.7% | -5.3% | +4.8% | +56% / −43% |
| ETDEthan Allen Interiors Inc. | 521.7 m | 13.3 | 8.4% | 6.9% | −5.7% | −14% / −21% |
| XMAXXmax Inc. | 322.6 m | 11.6 | 52.9% | 185.9% | +72.6% | −10% / +144% |
| FLXSFlexsteel Industries, Inc. | 305.6 m | 12.0 | 20.5% | 6.7% | +4.1% | +86% / +334% |
| BSETBassett Furniture Industries Inc | 191.5 m | 28.2 | 4.1% | 2.0% | +1.6% | +42% / +34% |
| HOFTHooker Furnishings Corporation | 156.2 m | — | -9.9% | -8.7% | −12.4% | +36% / −18% |
| PRPLPurple Innovation, Inc. | 40.6 m | — | — | -8.9% | −3.9% | −87% / −84% |
1- and 3-year price returns: for ETD from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 11.23 Total return -40% · Per year -40% | 19.95 Total return 4% · Per year 4% | 30.19 Total return 55% · Per year 55% |
| 3 years | 8.91 Total return -42% · Per year -17% | 18.00 Total return 8% · Per year 3% | 30.19 Total return 72% · Per year 20% |
| 5 years | 7.08 Total return -44% · Per year -11% | 16.25 Total return 11% · Per year 2% | 30.19 Total return 90% · Per year 14% |
- Exit P/E± 4.50
- Net margin± 3.15
- Annual revenue growth± 2.85
- Annual dilution± 0.26
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Ethan Allen Interiors is a vertically integrated interior design company, manufacturer and retailer with a network of luxury design centers in the United States and abroad, making most of its furniture in North American plants. Fiscal 2026 was marked by lower sales due to weaker contract orders and tariffs, although the company remains debt-free with a robust balance sheet 12. Consolidated net sales fell 5.7% 1.
SWOT
Strengths
- Vertical integration from design to delivery and a high share of production in North America give control over quality and costs 1.
- The company is debt-free and has kept a robust balance sheet with substantial liquidity, which supports its dividend payments 2.
- Complimentary interior design service by professional designers creates larger orders and clients who return for further projects 1.
Weaknesses
- The decline in sales in fiscal 2026 shows dependence on contract orders and delivered volumes, which can fluctuate widely 1.
- Operating margin fell compared with the prior year, due to tariffs and deleveraging from lower sales 1.
- The company owns and leases a large number of design centers, which brings fixed costs and risks of impairment of real estate assets 1.
Opportunities
- Opening new design centers in several cities could widen the client base if demand recovers 2.
- Investments in technology, augmented reality and virtual design could attract younger and digitally oriented clients 1.
- A recovery in contract orders could support the wholesale segment again, after the rise in contract orders in the last quarter 1.
Threats
- New trade tariffs and changes in trade policy could reduce margins and could raise prices for customers 2.
- Weak consumer spending, high interest rates and a stagnant housing market could keep reducing demand for furniture 1.
- Digital competition and cheaper imports could keep pressing prices across the industry 1.
Risks
- Decline in discretionary consumer spendinghigh
Furniture sales depend on consumer confidence and economic conditions, and a further decline could affect demand and liquidity 1.
- Tariffs and import costshigh
Imported products represent a significant share of sales, and additional tariffs could reduce margins if they cannot be passed on to prices 12.
- Digital competitionmedium
A shift of clients toward online purchases could reduce sales at physical design centers, where the company completes most transactions 1.
- Real estate commitmentsmedium
If some leased centers had to close, the company could record impairment of right-of-use assets in a weak commercial real estate market 1.
- Supply chain and factoriesmedium
Disruptions in the supply chain or in factories in North America and Mexico could delay production and deliveries 1.
Investment thesis
What would need to be true (bull case)
- If housing demand and contract orders recover, the advantage of vertical integration and in-house production could quickly turn sales growth into profit 12.
- A debt-free balance sheet and sustained dividends offer a margin of safety that few competitors have 2.
- The rise in contract orders in the last quarter and the recovery of previously paid tariffs could support results in coming periods 12.
What would break the thesis
- If demand for upscale furniture stays weak, the decline in sales and written orders could continue 1.
- New tariffs could press margins at a time when earnings per share have already fallen 12.
- A shift of customers toward online purchases could weaken the model of physical centers, which carry high fixed costs 1.
What to watch
- Trend in written orders in the retail and wholesale segmentsQ1 2027
- Impact of the new Section 301 tariffs on gross marginQ1 2027
- Number of new design centers opened and closed2027
- Trend in wholesale backlog and contract orders in the next annual reportnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Ethan Allen describes its business as an interior design, manufacturing and retail company that is vertically integrated from product design through home delivery 1. Sales are made through design centers, most of them Company-operated, plus a network of independent licensees, and online at ethanallen.com 1. The model relies on complimentary interior design service and North American manufacturing that covers about 75% of its furniture 1.
Segments
Market context
The home furnishings industry is fragmented and competitive, with pressure from digital retailers and brick-and-mortar chains, and demand depends on consumer confidence, income, the housing market and interest rates 1. The company says demand is sensitive to general economic conditions, and the housing market remained stagnant in fiscal 2026 1.
Trends
- Trade tariffsheadwind
Tariffs on imported products raised costs and pressured margins, although the company recovered part of previously paid tariffs through claims filed with U.S. Customs 12. New tariffs under Section 301 could affect costs in coming periods if they remain in force 2.
- Online shoppingmixed
A sharp shift of customers toward purchasing exclusively online could reduce the competitive edge of physical design centers, where most sales are completed 1. The company is investing in digital design tools, augmented reality and online appointments, but the results of these investments are not assured 1.
- Housing demand and discretionary spendingheadwind
Furniture is a discretionary purchase, and demand falls when consumer confidence and the housing market weaken, as seen in weaker written orders in fiscal 2026 1. A housing recovery could support sales again if conditions improve 1.
- Margin recovery through mix and efficiencytailwind
A higher share of retail sales, lower inbound freight costs and higher average ticket prices supported gross margin, which rose to 61.2% 1. The company also reduced headcount, which helps control costs 1.
Competitive position
The company competes with numerous individual furniture stores, national and regional chains and digital retailers, on criteria such as design, quality, personal service, delivery and value 1. Ethan Allen says its vertical integration, complimentary interior design service and logistics, including white glove delivery, give it a competitive advantage 1. Imports from Asia, with lower production costs, can put price pressure on the industry 1.
- National and regional furniture retail chains
Chains of furniture stores and department store furniture divisions, cited generically in the source without specific names 1.
- Digital furniture retailers
Online sellers that compete mainly on price and have a growing share of consumer preferences 1.
- American and foreign furniture manufacturers
Manufacturers in the United States and abroad competing in the wholesale segment, including producers in Asia 1.
- Specialty and traditional home furnishing retailers
Specialty stores and traditional home furnishing retailers competing for retail locations, designers and management personnel 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Activist DGB Ousts Ethan Allen Chairman, Wins Board ControlBloomberg Markets · 04 Nov 2026 · EN
- Activist Investor Bergeron Says Ethan Allen CEO Needs to GoBloomberg Markets · 30 Oct 2026 · EN
- DGB Is Said to Offer Ethan Allen CEO a Non-Board Advisory RoleBloomberg Markets · 13 Oct 2026 · EN
- Ethan Allen Launches Search for Next Chief ExecutiveYahoo Finance — News · 21 Sept 2026 · EN
- Ethan Allen launches CEO searchYahoo Finance — News · 21 Sept 2026 · EN
- Ethan Allen CEO Responds to Activist PushBloomberg Markets · 07 Aug 2026 · EN
- Need CEO Search For Ethan Allen: BergeronBloomberg Markets · 05 Aug 2026 · EN
SEC filings
- Current report21 Sept 2026Departure or appointment of officers · Other events · Financial statements and exhibits
- Annual report03 Sept 2026
- Current report29 Jul 2026Results of operations · Financial statements and exhibits
- Quarterly report29 Apr 2026
- Current report29 Apr 2026Results of operations · Financial statements and exhibits
- Quarterly report09 Feb 2026
- Current report28 Jan 2026Results of operations · Financial statements and exhibits
- Current report05 Nov 2025Shareholder vote · Financial statements and exhibits
- Quarterly report29 Oct 2025
- Current report29 Oct 2025Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-06-30 · SEC / Ethan Allen Interiors Inc. · 03 Sept 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Ethan Allen Interiors Inc. · 29 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.