La-Z-Boy Inc Financials
This page shows La-Z-Boy Inc (LZB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
La-Z-Boy Inc has an operating margin of 6.4%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is down from 7.4% the prior year.
La-Z-Boy Inc's revenue grew a modest 3.0% year-over-year to $2.1B. This slow but positive growth earns a score of 38/100.
La-Z-Boy Inc carries a low D/E ratio of 0.90, meaning only $0.90 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.
La-Z-Boy Inc's current ratio of 1.91 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.
La-Z-Boy Inc has a free cash flow margin of 5.4%, earning a moderate score of 38/100. The company generates positive cash flow after capital investments, but with room for improvement.
La-Z-Boy Inc's ROE of 9.8% shows moderate profitability relative to equity, earning a score of 33/100. This is down from 12.3% the prior year.
La-Z-Boy Inc scores 2.84, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
La-Z-Boy Inc passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, La-Z-Boy Inc generates $1.88 in operating cash flow ($187.3M OCF vs $99.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
La-Z-Boy Inc earns $249.2 in operating income for every $1 of interest expense ($135.8M vs $545K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
La-Z-Boy Inc generated $2.1B in revenue in fiscal year 2025. This represents an increase of 3.0% from the prior year.
La-Z-Boy Inc's EBITDA was $182.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.4% from the prior year.
La-Z-Boy Inc reported $99.6M in net income in fiscal year 2025. This represents a decrease of 18.8% from the prior year.
La-Z-Boy Inc earned $2.35 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 17.0% from the prior year.
Cash & Balance Sheet
La-Z-Boy Inc generated $113.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 8.0% from the prior year.
La-Z-Boy Inc held $318.5M in cash against $0 in long-term debt as of fiscal year 2025.
La-Z-Boy Inc paid $0.84 per share in dividends in fiscal year 2025. This represents an increase of 10.1% from the prior year.
La-Z-Boy Inc had 41M shares outstanding in fiscal year 2025. This represents a decrease of 2.5% from the prior year.
Margins & Returns
La-Z-Boy Inc's gross margin was 43.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.
La-Z-Boy Inc's operating margin was 6.4% in fiscal year 2025, reflecting core business profitability. This is down 0.9 percentage points from the prior year.
La-Z-Boy Inc's net profit margin was 4.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.
La-Z-Boy Inc's ROE was 9.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.5 percentage points from the prior year.
Capital Allocation
La-Z-Boy Inc invested $9.9M in research and development in fiscal year 2025. This represents an increase of 3.1% from the prior year.
La-Z-Boy Inc spent $77.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 47.7% from the prior year.
La-Z-Boy Inc invested $74.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 38.7% from the prior year.
LZB Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $542K-99.9% | $541.6M+3.7% | $522.5M+6.1% | $492.2M-13.8% | $570.9M+9.4% | $521.8M+0.1% | $521.0M+5.1% | $495.5M |
| Cost of Revenue | $308K-99.9% | $308.1M+5.7% | $291.3M+2.9% | $283.0M-11.5% | $319.8M+10.1% | $290.4M0.0% | $290.4M+2.9% | $282.2M |
| Gross Profit | $234K-99.9% | $233.5M+1.0% | $231.1M+10.5% | $209.2M-16.7% | $251.1M+8.5% | $231.4M+0.3% | $230.6M+8.1% | $213.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $204K-99.9% | $203.7M+4.5% | $195.0M+4.1% | $187.2M-6.8% | $201.0M+2.4% | $196.2M+2.3% | $191.9M+6.0% | $181.0M |
| Operating Income | $30K-99.9% | $29.8M-17.6% | $36.2M+64.5% | $22.0M-25.5% | $29.5M-16.0% | $35.2M-9.3% | $38.8M+19.8% | $32.4M |
| Interest Expense | $159-99.9% | $159K+44.5% | $110K-8.3% | $120K-10.4% | $134K+31.4% | $102K+3.0% | $99K-52.9% | $210K |
| Income Tax | $10K-99.9% | $10.0M-5.9% | $10.6M+73.5% | $6.1M-63.4% | $16.7M+72.1% | $9.7M-9.3% | $10.7M+16.5% | $9.2M |
| Net Income | $22K-99.9% | $21.6M-25.0% | $28.9M+58.5% | $18.2M+21.9% | $14.9M-47.5% | $28.4M-5.4% | $30.0M+14.8% | $26.2M |
| EPS (Diluted) | $0.520.0% | $0.52-25.7% | $0.70+59.1% | $0.44 | N/A | $0.68-4.2% | $0.71+16.4% | $0.61 |
LZB Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1M-99.9% | $2.1B+6.5% | $2.0B+1.7% | $1.9B+0.2% | $1.9B-1.9% | $2.0B+1.6% | $1.9B+0.6% | $1.9B |
| Current Assets | $809K-99.9% | $808.7M-1.8% | $823.3M+3.8% | $793.2M-1.5% | $805.7M-4.2% | $840.9M+2.7% | $819.2M-1.8% | $834.4M |
| Cash & Equivalents | $306K-99.9% | $306.1M-9.6% | $338.5M+6.3% | $318.5M-3.0% | $328.4M+4.4% | $314.6M+3.8% | $303.1M-11.5% | $342.3M |
| Inventory | $235K-99.9% | $235.1M+4.2% | $225.6M-10.5% | $252.1M-1.2% | $255.3M-11.6% | $288.7M-0.2% | $289.2M+6.4% | $271.8M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $263K-99.9% | $263.3M+28.1% | $205.6M0.0% | $205.6M0.0% | $205.6M-7.3% | $221.7M-0.1% | $221.9M+0.8% | $220.1M |
| Total Liabilities | $1.0M-99.9% | $1.0B+13.6% | $919.2M+1.0% | $909.8M+0.9% | $901.5M-3.8% | $937.6M+2.1% | $918.3M0.0% | $918.4M |
| Current Liabilities | $488K-99.9% | $487.5M+15.1% | $423.7M+1.8% | $416.3M-1.1% | $420.8M-7.6% | $455.5M+4.7% | $434.9M-1.1% | $439.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.0M-99.9% | $1.0B+0.3% | $1.0B+2.3% | $1.0B-0.4% | $1.0B-0.1% | $1.0B+1.1% | $1.0B+1.1% | $999.2M |
| Retained Earnings | $607K-99.9% | $606.9M-0.2% | $608.3M+3.2% | $589.2M-1.4% | $597.4M-1.0% | $603.6M+1.5% | $594.6M+0.7% | $590.3M |
LZB Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $176K-99.8% | $89.4M+78.6% | $50.0M+37.9% | $36.3M-41.5% | $62.0M+8.7% | $57.0M+257.8% | $15.9M-69.5% | $52.3M |
| Capital Expenditures | $57K-99.7% | $17.8M-13.0% | $20.5M+10.9% | $18.5M-18.8% | $22.7M+21.2% | $18.8M+9.4% | $17.1M+9.8% | $15.6M |
| Free Cash Flow | $119K-99.8% | $71.6M+142.0% | $29.6M+65.8% | $17.8M-54.6% | $39.3M+2.6% | $38.2M+3250.5% | -$1.2M-103.3% | $36.7M |
| Investing Cash Flow | $138K+100.1% | -$98.9M-394.9% | -$20.0M-6.2% | -$18.8M+30.8% | -$27.2M-6.0% | -$25.7M+9.4% | -$28.3M-64.8% | -$17.2M |
| Financing Cash Flow | $61K+100.3% | -$23.4M-138.2% | -$9.8M+64.5% | -$27.7M-29.5% | -$21.4M-9.7% | -$19.5M+28.7% | -$27.4M+20.2% | -$34.3M |
| Dividends Paid | $28K-99.7% | $10.0M+9.2% | $9.1M+1.2% | $9.0M-0.8% | $9.1M-0.6% | $9.1M+9.3% | $8.4M-0.1% | $8.4M |
| Share Buybacks | $27K-99.8% | $13.7M+1598.0% | $809K-93.5% | $12.5M-7.7% | $13.5M+20.5% | $11.2M-42.3% | $19.5M-42.2% | $33.7M |
LZB Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.1%0.0pp | 43.1%-1.1pp | 44.2%+1.7pp | 42.5%-1.5pp | 44.0%-0.4pp | 44.3%+0.1pp | 44.3%+1.2pp | 43.0% |
| Operating Margin | 5.5%0.0pp | 5.5%-1.4pp | 6.9%+2.5pp | 4.5%-0.7pp | 5.2%-1.6pp | 6.7%-0.7pp | 7.4%+0.9pp | 6.5% |
| Net Margin | 4.0%0.0pp | 4.0%-1.5pp | 5.5%+1.8pp | 3.7%+1.1pp | 2.6%-2.8pp | 5.5%-0.3pp | 5.8%+0.5pp | 5.3% |
| Return on Equity | 2.1%0.0pp | 2.1%-0.7pp | 2.8%+1.0pp | 1.8%+0.3pp | 1.5%-1.3pp | 2.8%-0.2pp | 3.0%+0.3pp | 2.6% |
| Return on Assets | 1.0%0.0pp | 1.0%-0.4pp | 1.5%+0.5pp | 0.9%+0.2pp | 0.8%-0.7pp | 1.5%-0.1pp | 1.6%+0.2pp | 1.4% |
| Current Ratio | 1.660.0 | 1.66-0.3 | 1.94+0.0 | 1.910.0 | 1.91+0.1 | 1.85-0.0 | 1.88-0.0 | 1.90 |
| Debt-to-Equity | 1.000.0 | 1.00+0.1 | 0.88-0.0 | 0.90+0.0 | 0.88-0.0 | 0.920.0 | 0.910.0 | 0.92 |
| FCF Margin | 22.0%+8.8pp | 13.2%+7.5pp | 5.7%+2.0pp | 3.6%-3.3pp | 6.9%-0.5pp | 7.3%+7.6pp | -0.2%-7.6pp | 7.4% |
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Frequently Asked Questions
What is La-Z-Boy Inc's annual revenue?
La-Z-Boy Inc (LZB) reported $2.1B in total revenue for fiscal year 2025. This represents a 3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is La-Z-Boy Inc's revenue growing?
La-Z-Boy Inc (LZB) revenue grew by 3% year-over-year, from $2.0B to $2.1B in fiscal year 2025.
Is La-Z-Boy Inc profitable?
Yes, La-Z-Boy Inc (LZB) reported a net income of $99.6M in fiscal year 2025, with a net profit margin of 4.7%.
What is La-Z-Boy Inc's EBITDA?
La-Z-Boy Inc (LZB) had EBITDA of $182.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is La-Z-Boy Inc's gross margin?
La-Z-Boy Inc (LZB) had a gross margin of 43.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is La-Z-Boy Inc's operating margin?
La-Z-Boy Inc (LZB) had an operating margin of 6.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is La-Z-Boy Inc's net profit margin?
La-Z-Boy Inc (LZB) had a net profit margin of 4.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does La-Z-Boy Inc pay dividends?
Yes, La-Z-Boy Inc (LZB) paid $0.84 per share in dividends during fiscal year 2025.
What is La-Z-Boy Inc's return on equity (ROE)?
La-Z-Boy Inc (LZB) has a return on equity of 9.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is La-Z-Boy Inc's free cash flow?
La-Z-Boy Inc (LZB) generated $113.0M in free cash flow during fiscal year 2025. This represents a 8.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is La-Z-Boy Inc's operating cash flow?
La-Z-Boy Inc (LZB) generated $187.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are La-Z-Boy Inc's total assets?
La-Z-Boy Inc (LZB) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are La-Z-Boy Inc's capital expenditures?
La-Z-Boy Inc (LZB) invested $74.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does La-Z-Boy Inc spend on research and development?
La-Z-Boy Inc (LZB) invested $9.9M in research and development during fiscal year 2025.
What is La-Z-Boy Inc's current ratio?
La-Z-Boy Inc (LZB) had a current ratio of 1.91 as of fiscal year 2025, which is generally considered healthy.
What is La-Z-Boy Inc's debt-to-equity ratio?
La-Z-Boy Inc (LZB) had a debt-to-equity ratio of 0.90 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is La-Z-Boy Inc's return on assets (ROA)?
La-Z-Boy Inc (LZB) had a return on assets of 5.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is La-Z-Boy Inc's Altman Z-Score?
La-Z-Boy Inc (LZB) has an Altman Z-Score of 2.84, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is La-Z-Boy Inc's Piotroski F-Score?
La-Z-Boy Inc (LZB) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are La-Z-Boy Inc's earnings high quality?
La-Z-Boy Inc (LZB) has an earnings quality ratio of 1.88x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can La-Z-Boy Inc cover its interest payments?
La-Z-Boy Inc (LZB) has an interest coverage ratio of 249.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is La-Z-Boy Inc?
La-Z-Boy Inc (LZB) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.