NYSE : LZB
La-Z-Boy Incorporated — Financial statements
Consumer Discretionary · Furnishings, Fixtures & Appliances · United States
Last price 30.43 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.22B
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Financial statements
La-Z-Boy Incorporated (LZB) reported revenue of 2.11B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 2.11B | 2.13B | 2.11B | 2.05B | 2.35B | 2.36B |
| Cost of Revenue | 1.16B | 1.18B | 1.18B | 1.17B | 1.38B | 1.48B |
| Gross Profit | 952.97M | 945.50M | 927.52M | 881.67M | 964.73M | 879.79M |
| Selling, General & Admin | 796.26M | 779.83M | 757.06M | 721.40M | 744.39M | 664.34M |
| Research & Development | 10.80M | 10.80M | 9.90M | 9.60M | 9.10M | 9.00M |
| Amortization of Goodwill & Intangibles | 798.00K | 798.00K | 1.02M | |||
| Operating Expenses | 807.86M | 791.43M | 767.98M | 731.00M | 753.49M | 673.34M |
| Operating Income | 145.11M | 154.07M | 159.53M | 150.67M | 211.25M | 206.45M |
| Interest Expense | -621.00K | -524.00K | -545.00K | -455.00K | -536.00K | -895.00K |
| Interest & Investment Income | 11.71M | 11.88M | 14.88M | 15.48M | 6.67M | 1.34M |
| Other Non Operating Income (Expenses) | -3.66M | -2.05M | -3.20M | -815.00K | -11.21M | -1.82M |
| EBT Excluding Unusual Items | 152.53M | 163.38M | 170.67M | 164.88M | 206.17M | 205.07M |
| Merger & Restructuring Charges | -22.30M | -5.00M | -21.68M | |||
| Impairment of Goodwill | -19.97M | -19.97M | ||||
| Gain (Loss) on Sale of Investments | 494.00K | 395.00K | 246.00K | 868.00K | -379.00K | 419.00K |
| Asset Writedown | -2.10M | |||||
| Pretax Income | 110.75M | 138.81M | 147.13M | 165.75M | 205.79M | 205.49M |
| Income Tax Expense | 28.12M | 35.89M | 46.18M | 41.12M | 53.85M | 53.16M |
| Earnings From Continuing Operations | 82.63M | 102.91M | 100.95M | 124.64M | 151.94M | 152.33M |
| Minority Interest in Earnings | -1.14M | -926.00K | -1.40M | -2.01M | -1.28M | -2.31M |
| Net Income | 81.49M | 101.98M | 99.56M | 122.63M | 150.66M | 150.02M |
| Preferred Dividends & Other Adjustments | 7.00K | |||||
| Net Income to Common | 81.49M | 101.98M | 99.56M | 122.63M | 150.66M | 150.01M |
| Shares Outstanding (Basic) | 40.72M | 40.98M | 41.60M | 42.88M | 43.15M | 44.02M |
| Shares Outstanding (Diluted) | 40.98M | 41.34M | 42.34M | 43.28M | 43.24M | 44.29M |
| EPS (Basic) | 2.00 | 2.49 | 2.39 | 2.86 | 3.49 | 3.41 |
| EPS (Diluted) | 1.99 | 2.47 | 2.35 | 2.83 | 3.48 | 3.39 |
| Free Cash Flow | 102.33M | 127.80M | 112.99M | 104.58M | 136.35M | 2.42M |
| Free Cash Flow Per Share | 2.50 | 3.09 | 2.67 | 2.42 | 3.15 | 0.06 |
| Dividend Per Share | 0.95 | 0.92 | 0.84 | 0.76 | 0.69 | 0.63 |
| Gross Margin | 45.16% | 44.46% | 43.97% | 43.07% | 41.06% | 37.33% |
| Operating Margin | 6.88% | 7.25% | 7.56% | 7.36% | 8.99% | 8.76% |
| Profit Margin | 3.86% | 4.80% | 4.72% | 5.99% | 6.41% | 6.37% |
| Free Cash Flow Margin | 4.85% | 6.01% | 5.36% | 5.11% | 5.80% | 0.10% |
| EBITDA | 193.91M | 201.51M | 206.20M | 199.22M | 251.44M | 246.22M |
| EBITDA Margin | 9.19% | 9.48% | 9.78% | 9.73% | 10.70% | 10.45% |
| D&A For EBITDA | 48.80M | 47.44M | 46.67M | 48.55M | 40.19M | 39.77M |
| EBIT | 145.11M | 154.07M | 159.53M | 150.67M | 211.25M | 206.45M |
| EBIT Margin | 6.88% | 7.25% | 7.56% | 7.36% | 8.99% | 8.76% |
| Effective Tax Rate | 25.39% | 25.86% | 31.39% | 24.81% | 26.17% | 25.87% |
| Advertising Expenses | 148.30M | 149.60M | 150.90M | 159.00M | 126.80M |
Balance sheet
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 267.25M | 303.21M | 328.45M | 341.10M | 343.37M | 245.59M |
| Short-Term Investments | 5.41M | 5.55M | 2.62M | 6.81M | 6.39M | 17.36M |
| Cash & Short-Term Investments | 272.66M | 308.76M | 331.07M | 347.91M | 349.77M | 262.95M |
| Accounts Receivable | 161.54M | 165.95M | 172.11M | 174.73M | 170.47M | 322.75M |
| Receivables | 161.54M | 165.95M | 172.11M | 174.73M | 170.47M | 322.75M |
| Inventory | 234.27M | 218.44M | 255.28M | 263.24M | 276.26M | 303.19M |
| Restricted Cash | 3.30M | 3.27M | ||||
| Other Current Assets | 77.95M | 80.76M | 47.22M | 50.93M | 54.80M | 59.62M |
| Total Current Assets | 746.41M | 773.91M | 805.69M | 836.81M | 854.60M | 951.78M |
| Property, Plant & Equipment | 862.27M | 877.44M | 792.06M | 744.69M | 694.85M | 658.90M |
| Long-Term Investments | 975.00K | 12.48M | 12.28M | 12.69M | 18.51M | 34.18M |
| Goodwill | 243.20M | 243.30M | 205.59M | 214.45M | 205.01M | 194.60M |
| Other Intangible Assets | 82.11M | 77.58M | 51.16M | 47.25M | 39.38M | 33.97M |
| Long-Term Deferred Tax Assets | 10.28M | 8.92M | 10.63M | |||
| Other Long-Term Assets | 59.71M | 57.61M | 55.38M | 47.27M | 45.01M | 48.03M |
| Total Assets | 1.99B | 2.04B | 1.92B | 1.91B | 1.87B | 1.93B |
| Accounts Payable | 113.05M | 101.88M | 95.98M | 96.49M | 107.46M | 104.03M |
| Accrued Expenses | 93.93M | 65.88M | 65.31M | 59.12M | 63.34M | 62.37M |
| Current Portion of Leases | 89.35M | 88.76M | 80.59M | 77.03M | 77.75M | 75.27M |
| Current Unearned Revenue | 135.34M | 112.81M | 105.47M | 124.32M | 150.71M | 322.24M |
| Other Current Liabilities | 16.70M | 60.57M | 73.43M | 80.33M | 76.60M | 111.78M |
| Total Current Liabilities | 448.37M | 429.89M | 420.79M | 437.28M | 475.86M | 675.69M |
| Long-Term Leases | 452.16M | 475.53M | 410.26M | 404.72M | 368.16M | 354.84M |
| Pension & Post-Retirement Benefits | 6.34M | 7.28M | 10.25M | 11.05M | 26.36M | |
| Other Long-Term Liabilities | 68.40M | 67.90M | 51.85M | 47.83M | 59.09M | 55.58M |
| Total Liabilities | 968.93M | 979.66M | 890.19M | 900.08M | 914.17M | 1.11B |
| Common Stock | 40.05M | 40.35M | 41.16M | 42.44M | 43.32M | 43.09M |
| Additional Paid-In Capital | 403.25M | 400.75M | 385.60M | 368.49M | 358.89M | 342.25M |
| Retained Earnings | 570.69M | 610.42M | 597.43M | 598.01M | 545.15M | 431.18M |
| Comprehensive Income & Other | -729.00K | -1.53M | -3.57M | -5.87M | -5.53M | -5.80M |
| Total Common Equity | 1.01B | 1.05B | 1.02B | 1.00B | 941.84M | 810.73M |
| Minority Interest | 12.49M | 12.68M | 11.35M | 10.30M | 10.26M | 8.90M |
| Shareholders' Equity | 1.03B | 1.06B | 1.03B | 1.01B | 952.10M | 819.62M |
| Total Liabilities & Equity | 1.99B | 2.04B | 1.92B | 1.91B | 1.87B | 1.93B |
| Total Debt | 541.51M | 564.29M | 490.86M | 481.75M | 445.91M | 430.11M |
| Net Cash (Debt) | -267.88M | -243.04M | -147.51M | -121.15M | -77.64M | -140.57M |
| Net Cash Per Share | -6.54 | -5.88 | -3.48 | -2.80 | -1.80 | -3.17 |
| Filing Date Shares Outstanding | 40.05M | 39.90M | 40.88M | 41.95M | 43.32M | 43.09M |
| Total Common Shares Outstanding | 40.05M | 40.35M | 41.16M | 42.44M | 43.32M | 43.09M |
| Working Capital | 298.04M | 344.02M | 384.90M | 399.53M | 378.74M | 276.09M |
| Book Value Per Share | 25.30 | 26.02 | 24.79 | 23.63 | 21.74 | 18.82 |
| Tangible Book Value | 687.95M | 729.12M | 763.87M | 741.36M | 697.45M | 582.15M |
| Tangible Book Value Per Share | 17.18 | 18.07 | 18.56 | 17.47 | 16.10 | 13.51 |
| Land | 30.73M | 28.34M | 19.31M | 8.55M | 8.59M | |
| Buildings | 399.62M | 380.21M | 337.75M | 301.55M | 250.76M | |
| Machinery | 368.40M | 351.20M | 344.30M | 337.44M | 327.25M | |
| Construction In Progress | 26.76M | 24.44M | 14.34M | 32.43M | 38.71M | |
| Order Backlog | 74.90M | 119.50M |
Cash flow statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 81.49M | 101.98M | 99.56M | 122.63M | 150.66M | 150.02M |
| Depreciation & Amortization | 136.05M | 131.88M | 123.63M | 124.69M | 116.70M | 112.71M |
| Loss (Gain) From Sale of Assets | -75.00K | -7.29M | 2.00M | 1.10M | 6.37M | -13.66M |
| Asset Writedown & Restructuring Costs | 24.64M | 19.97M | 20.58M | -1.18M | 1.35M | |
| Loss (Gain) From Sale of Investments | -1.78M | -377.00K | -235.00K | -1.20M | 148.00K | -478.00K |
| Stock-Based Compensation | 15.20M | 15.69M | 17.40M | 14.43M | 12.46M | 11.86M |
| Provision & Write-off of Bad Debts | 554.00K | 463.00K | 851.00K | 511.00K | 1.55M | -617.00K |
| Other Operating Activities | 1.14M | 926.00K | 1.40M | 2.01M | 1.28M | 2.31M |
| Change in Accounts Receivable | 5.63M | 1.36M | -1.91M | -16.81M | 53.67M | -41.83M |
| Change in Inventory | 10.45M | 26.32M | 12.79M | 19.88M | 32.31M | -72.02M |
| Change in Accounts Payable | 14.40M | 4.05M | -2.07M | -8.61M | 4.59M | 6.33M |
| Change in Other Net Operating Assets | -122.99M | -109.14M | -91.84M | -96.05M | -179.81M | -76.64M |
| Operating Cash Flow | 183.46M | 204.11M | 187.27M | 158.13M | 205.17M | 79.00M |
| Capital Expenditures | -81.13M | -76.31M | -74.28M | -53.55M | -68.81M | -76.58M |
| Sale of Property, Plant & Equipment | 33.42M | 26.08M | 412.00K | 4.97M | 136.00K | 22.59M |
| Cash Acquisitions | -101.45M | -86.42M | -29.52M | -39.44M | -16.84M | -26.32M |
| Investment in Securities | 16.38M | -1.96M | 5.00M | 6.46M | 15.39M | 1.94M |
| Investing Cash Flow | -132.78M | -138.61M | -98.39M | -81.55M | -70.12M | -78.37M |
| Long-Term Debt Repaid | -918.00K | -663.00K | -489.00K | -123.00K | -121.00K | |
| Net Debt Issued (Repaid) | -912.00K | -918.00K | -663.00K | -489.00K | -123.00K | -121.00K |
| Issuance of Common Stock | 12.35M | 10.87M | 2.86M | |||
| Repurchase of Common Stock | -62.02M | -51.50M | -77.93M | -52.77M | -5.00M | -92.46M |
| Common Dividends Paid | -38.61M | -37.95M | -34.95M | -32.66M | -29.87M | -27.72M |
| Other Financing Activities | -784.00K | -1.41M | -6.17M | -5.00M | -24.26M | |
| Financing Cash Flow | -101.54M | -91.15M | -102.61M | -81.23M | -37.14M | -144.56M |
| Foreign Exchange Rate Adjustments | -437.00K | 412.00K | 1.08M | -926.00K | -86.00K | -1.92M |
| Net Cash Flow | -51.29M | -25.24M | -12.65M | -5.58M | 97.82M | -145.85M |
| Free Cash Flow | 102.33M | 127.80M | 112.99M | 104.58M | 136.35M | 2.42M |
| Free Cash Flow Margin | 4.85% | 6.01% | 5.36% | 5.11% | 5.80% | 0.10% |
| Free Cash Flow Per Share | 2.50 | 3.09 | 2.67 | 2.42 | 3.15 | 0.06 |
| Levered Free Cash Flow | 182.85M | 177.58M | 160.43M | 157.68M | 173.89M | 57.24M |
| Unlevered Free Cash Flow | 183.24M | 177.91M | 160.77M | 157.96M | 174.23M | 57.80M |
| Cash Interest Paid | 400.00K | 400.00K | 400.00K | 400.00K | ||
| Cash Income Tax Paid | 30.42M | 30.42M | 43.80M | 34.20M | 69.90M | |
| Change in Working Capital | -73.75M | -59.13M | -77.91M | -104.86M | -85.34M | -183.14M |
Ratios
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.22B | 1.45B | 1.61B | 1.41B | 1.24B | 1.14B |
| Enterprise Value | 1.49B | 1.71B | 1.78B | 1.57B | 1.36B | 1.27B |
| Last Close Price | 30.44 | 34.90 | 37.48 | 31.22 | 26.47 | 23.59 |
| PE Ratio | 15.31 | 14.21 | 16.15 | 11.51 | 8.23 | 7.57 |
| Forward PE | 12.25 | 12.82 | 12.31 | 11.54 | 10.13 | 7.87 |
| PS Ratio | 0.58 | 0.68 | 0.76 | 0.69 | 0.53 | 0.48 |
| PB Ratio | 1.20 | 1.36 | 1.56 | 1.39 | 1.30 | 1.39 |
| P/TBV Ratio | 1.77 | 1.99 | 2.10 | 1.90 | 1.78 | 1.95 |
| P/FCF Ratio | 11.91 | 11.34 | 14.23 | 13.50 | 9.09 | 468.60 |
| P/OCF Ratio | 6.65 | 7.10 | 8.59 | 8.93 | 6.04 | 14.38 |
| PEG Ratio | 1.17 | 1.12 | 1.05 | 0.92 | 0.71 | |
| EV/Sales Ratio | 0.70 | 0.80 | 0.84 | 0.77 | 0.58 | 0.54 |
| EV/EBITDA Ratio | 7.67 | 8.48 | 8.62 | 7.87 | 5.43 | 5.18 |
| EV/EBIT Ratio | 10.25 | 11.09 | 11.14 | 10.40 | 6.46 | 6.17 |
| EV/FCF Ratio | 14.53 | 13.37 | 15.73 | 14.98 | 10.01 | 525.94 |
| Debt / Equity Ratio | 0.53 | 0.53 | 0.48 | 0.47 | 0.47 | 0.53 |
| Debt / EBITDA Ratio | 1.78 | 1.83 | 1.60 | 1.62 | 1.30 | 1.30 |
| Debt / FCF Ratio | 5.29 | 4.42 | 4.34 | 4.61 | 3.27 | 177.44 |
| Net Debt / Equity Ratio | 0.26 | 0.23 | 0.14 | 0.12 | 0.08 | 0.17 |
| Net Debt / EBITDA Ratio | 1.38 | 1.21 | 0.71 | 0.61 | 0.31 | 0.57 |
| Net Debt / FCF Ratio | 2.62 | 1.90 | 1.30 | 1.16 | 0.57 | 57.99 |
| Asset Turnover | 1.08 | 1.07 | 1.10 | 1.08 | 1.24 | 1.27 |
| Inventory Turnover | 4.76 | 4.99 | 4.56 | 4.32 | 4.78 | 5.58 |
| Quick Ratio | 0.97 | 1.10 | 1.20 | 1.20 | 1.09 | 0.87 |
| Current Ratio | 1.67 | 1.80 | 1.92 | 1.91 | 1.80 | 1.41 |
| Return on Equity (ROE) | 8.05% | 9.83% | 9.87% | 12.68% | 17.15% | 19.02% |
| Return on Assets (ROA) | 4.63% | 4.86% | 5.20% | 4.98% | 6.95% | 6.94% |
| Return on Invested Capital (ROIC) | 8.29% | 9.10% | 9.36% | 10.32% | 15.33% | 17.80% |
| Return on Capital Employed (ROCE) | 9.40% | 9.60% | 10.60% | 10.20% | 15.20% | 16.40% |
| Earnings Yield | 6.53% | 7.04% | 6.19% | 8.69% | 12.16% | 13.21% |
| FCF Yield | 8.39% | 8.82% | 7.03% | 7.41% | 11.00% | 0.21% |
| Dividend Yield | 3.18% | 2.57% | 2.15% | 2.29% | 2.42% | 2.39% |
| Payout Ratio | 48.69% | 37.21% | 35.11% | 26.64% | 19.82% | 18.48% |
| Buyback Yield / Dilution | 2.56% | 2.37% | 2.16% | -0.09% | 2.38% | 4.47% |
| Total Shareholder Return | 5.74% | 4.95% | 4.31% | 2.20% | 4.80% | 6.86% |