LZBNYSEHousehold FurnitureFiscal year ends April 24
LA-Z-BOY INC
Financials through Q1 FY2027, quarter ended Jul 25, 2026Last filing: 10-Q on Aug 18, 2026
$29.25−0.82 (-2.73%)
Close on Oct 19, 2026
- Market cap
- $1.17B
- P/E (TTM)
- 14.8
- Dividend yield
- 2.61%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
44.0%+1.4 pts over 5 years
Operating margin
6.1%−1.8 pts over 5 years
Net margin
4.8%−1.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.8% | -3.3% | +4.2% | +3.4% | |
| Gross profit | +1.1% | -1.0% | +4.8% | +4.8% | |
| Operating income | -4.9% | -15.1% | -1.1% | +0.3% | |
| Net income | +2.4% | -12.2% | -0.9% | +2.6% | |
| EPS, diluted | +5.1% | -10.8% | +1.4% | +4.8% | |
| Free cash flow | +13.1% | -2.1% | -14.0% | +3.6% | |
| Dividend per share | -9.2% | +3.3% | +16.2% | +7.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 15.1% | 14.4% | 9.9% | |
| Return on assets | 10.2% | 6.6% | 5.1% | |
| Current ratio | 2.60 | 1.51 | 1.80 | |
| Debt to equity | 0.00 | – | – | |
| Net debt to EBITDA | -0.93× | – | – | |
| Interest coverage | – | – | 246.6× | |
| Inventory turnover | 5.2× | 4.9× | 5.0× | |
| Capex to revenue | 1.3% | 2.2% | 3.6% | |
| Diluted shares | 49M | 46M | 41M |
Where the cash went
Fiscal 2022 to 2026, five years combined
La-Z-Boy generated $833.68M from operations and spent $786.30M on capital expenditure, dividends and share buybacks. 44% of that went back into the business.
Generated
$833.68M
Used
$786.30M
Capital expenditure$349.53M44%Dividends$163.15M21%Share buybacks$273.62M35%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.8%
×Asset turnover1.07×
×Equity multiplier1.91×
=Return on equity, FY20269.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 4.8% | 1.07× | 1.91× | 9.9% |
| FY2025 | 4.7% | 1.10× | 1.90× | 9.8% |
| FY2024 | 6.0% | 1.08× | 1.94× | 12.6% |
| FY2023 | 6.4% | 1.24× | 2.17× | 17.2% |
| FY2022 | 6.4% | 1.27× | 2.35× | 18.9% |
| FY2021 | 6.1% | 1.08× | 2.18× | 14.4% |
| FY2020 | 4.5% | 1.37× | 1.80× | 11.2% |
| FY2019 | 3.9% | 1.79× | 1.51× | 10.6% |
| FY2018 | 5.1% | 1.78× | 1.48× | 13.5% |
| FY2017 | 5.7% | 1.80× | 1.49× | 15.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$101.99M
- Cash generatingOperating cash flow above zero$204.11M
- Return on assets improvedROA up on the prior year5.2% → 5.3%
- Earnings backed by cashOperating cash flow above net income$204.11M vs $101.99M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.91 → 1.80
- No dilutionShare count did not rise42M → 41M
- Gross margin improvedGross margin up on the prior year43.92% → 44.04%
- More efficientAsset turnover rose1.10 → 1.11