La-Z-Boy Incorporated

LZB Consumer Cyclical Furnishings Fixtures & Appliances

La-Z-Boy Incorporated’s revenue for fiscal 2026 (year ended April 2026) was $2.1 billion, up 0.83% from fiscal 2025. In the quarter to July 2026, revenue fell 3.36%, EPS fell 113.6% and free cash flow fell 100.7%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

29.70 0.24 −0.80%
Market cap
$1.2B
P/E
15.0×
Fwd P/E
12.3×
Dividend yield
3.23%
F-score
6/9
Altman Z
2.74
Beneish M
−2.72
Dividend safety
92/100

Insider Decisions trades per month

Total sells 3.03
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — 1 — — — 6 — — 2 —
Insider Ownership 2.11%

Capital & Financial Ratios $m

Market Cap 1,200.00
Revenue 2,110.10
Net Income 82.63
Free Cash Flow 135.76
Net Debt (267.25)
Current Ratio 1.66 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 15.05
Fwd P/E 12.30
P/S ratio 0.57
P/B ratio 1.17
Past 5Y EPS Growth 1.44%
This Y EPS Growth (17.21%) (below 0%: weak)
Next Y EPS Growth 11.79%
Next Y revenue growth (1.72%) (below 0%: weak)
Next 5Y EPS Growth 0.22%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 40.77%
10-year low 10-year high
P/S against its own 10 years 14.39%
10-year low 10-year high
P/B against its own 10 years 1.88%
10-year low 10-year high
EV/Sales against its own 10 years 14.83%
10-year low 10-year high
EV/FCF against its own 10 years 17.64%
10-year low 10-year high

Dividends

Payout Ratio 0.49
Annual Dividend Rate 0.97
Annual Dividend Yield 3.23%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 0.92
0.24
0.24
0.24
2025 0.90
0.22
0.22
0.22
0.24
2024 0.82
0.20
0.20
0.20
0.22
2023 0.74
0.18
0.18
0.18
0.20
2022 0.68
0.17
0.17
0.17
0.18
2021 0.62
0.15
0.15
0.15
0.17
2020 0.35
0.14
0.07
0.14
2019 0.53
0.13
0.13
0.13
0.14
2018 0.49
0.12
0.12
0.12
0.13
2017 0.45
0.11
0.11
0.11
0.12
2016 0.41
0.10
0.10
0.10
0.11
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 341 328 303 267
Receivables 139 140 131 118
Inventory 263 255 218 234
Other 93 82 121 127
837 806 774 746
2024 2025 2026 Q'26
Payables 96 96 102 113
ST’ Debt — — — —
Other — — — —
437 421 430 448

Compound Annual Growth %

10y 5y 3y
Sales 3.38% 4.16% (3.27%)
Cash Flow 5.95% (8.01%) (0.17%)
Earnings 2.61% (0.86%) (12.20%)
Book Value 6.67% 6.32% 3.73%

Revenue $m

Jul Oct Jan Apr Year
’26 476 — — — —
’26 492 522 542 570 2,127
’25 496 521 522 571 2,109
’24 482 511 500 554 2,047
’23 604 611 573 561 2,349
’22 525 576 572 685 2,357
’21 285 459 470 519 1,734
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jul Oct Jan Apr Year
’26 16 — — — —
’26 36 50 89 28 204
’25 52 16 57 62 187
’24 26 31 48 53 158
’23 33 (2) 96 78 205
’22 6 9 30 34 79
’21 106 89 54 60 310
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jul Oct Jan Apr Year
’26 0 — — — —
’26 18 30 76 30 154
’25 37 (1) 38 39 113
’24 16 18 38 37 110
’23 12 (22) 79 67 136
’22 (13) (1) 4 34 25
’21 97 84 43 51 275
Fiscal quarters ending in the months shown.

EPS $

Jul Oct Jan Apr Year
’26 (0.06) — — — —
’26 0.44 0.70 0.52 0.81 2.47
’25 0.61 0.71 0.68 0.36 2.35
’24 0.63 0.63 0.66 0.91 2.83
’23 0.89 1.07 0.74 0.79 3.48
’22 0.54 0.89 0.65 1.33 3.39
’21 0.10 0.75 0.62 0.81 2.30
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to April

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 23.15 25.30 26.87 15.61 31.92 21.92 22.86 32.00 29.03 28.79

Analyst estimates 2027–2029

Powerpack
High 34.25 39.15 37.48 42.69 46.74 38.16 38.00 46.47 48.31 44.90
People
People Employees 8,950 9,000 9,700 9,500 11,500 12,800 10,500 10,200 10,600 10,200
Revenue/emp, $m 0.17 0.18 0.18 0.18 0.15 0.18 0.22 0.20 0.20 0.21
Income, $m
Income, $m Revenue 1,520 1,584 1,745 1,704 1,734 2,357 2,349 2,047 2,109 2,127
Gross margin, % 40.08 39.32 40.25 42.34 42.68 37.33 41.06 43.07 43.92 44.04
EBT 131 129 95 115 146 205 206 166 147 139
EBT margin, % 8.60 8.14 5.46 6.76 8.41 8.72 8.76 8.10 6.98 6.53
Net income 87 82 70 79 108 152 152 125 101 103
Depreciation 29 32 31 58 33 113 117 125 144 152
Per share, $
Per share, $ Revenue 31.05 33.26 37.27 36.72 37.71 53.54 54.45 47.74 50.70 51.89
Earnings 1.73 1.67 1.46 1.67 2.31 3.41 3.49 2.86 2.39 2.49
Cash flow 3.02 2.43 3.22 3.54 6.74 1.79 4.76 3.69 4.50 4.98
Capex (0.40) (0.73) (0.99) (0.75) (0.77) (1.23) (1.59) (1.13) (1.78) (1.23)
Free cash flow 2.62 1.70 2.23 2.79 5.97 0.57 3.16 2.55 2.73 3.75
Book value 12.28 13.13 14.88 15.44 17.01 18.62 22.07 23.63 24.81 25.93
Shares, m 49 48 47 46 46 44 43 43 42 41
Valuation, ×
Valuation, × P/E 16.32 17.04 22.47 14.04 19.25 7.93 8.10 11.48 16.53 13.95
P/S 0.91 0.87 0.88 0.64 1.18 0.51 0.52 0.69 0.78 0.67
P/B 2.31 2.19 2.20 1.52 2.61 1.45 1.28 1.39 1.59 1.34
EV/Sales 0.82 0.78 0.80 0.53 0.98 0.42 0.39 0.55 0.65 0.55
EV/FCF 9.66 15.28 13.47 6.95 6.19 39.64 6.76 10.20 12.04 7.61
Cash, $m
Cash, $m Operating cash flow 148 116 151 164 310 79 205 158 187 204
Capex (20) (35) (46) (35) (35) (54) (69) (49) (74) (50)
Free cash flow 128 81 104 129 275 25 136 110 113 154
Balance, $m
Balance, $m Working capital 319 337 302 276 314 276 379 400 385 344
Total debt 1 0 0 75 363 430 446 — — —
Net debt (150) (136) (132) (189) (395) (249) (347) (341) (328) (303)
Shareholders’ equity 601 625 697 716 782 820 952 1,013 1,032 1,063
Returns, %
Returns, % ROA 10.13 9.08 7.02 6.21 6.61 8.07 7.93 6.49 5.19 5.14
ROIC 18.49 16.54 14.33 14.06 22.06 22.64 21.83 14.02 12.07 10.63
ROE 14.76 13.19 10.37 10.96 14.21 18.73 17.01 12.48 9.73 9.74
Negative figures in brackets.

All 10 years →

Fiscal years to Apr 2026 · latest quarter Jul 2026

Charts ten years each

La-Z-Boy Incorporated vs peers in Furnishings Fixtures & Appliances (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HNI HNI Corporation $3.4B 434× 9.9× +120.72% (above 0%: growing) −32.69% (below 0%: shrinking) +688.27% (above 0%: growing) 43.96% 6.26% Compare
TILE Interface, Inc. $2.0B 14.2× 13.8× +5.37% (above 0%: growing) +58.93% (above 0%: growing) +14.82% (above 0%: growing) 45.00% 18.93% Compare
WHR Whirlpool Corporation $1.9B 10.0× 21.5× −6.79% (below 0%: shrinking) −1.71% (below 0%: shrinking) +69.84% (above 0%: growing) 12.57% 4.63% Compare
MLKN MillerKnoll, Inc. $1.5B 15.2× 8.3× −3.38% (below 0%: shrinking) +31.03% (above 0%: growing) +177.93% (above 0%: growing) 41.73% 5.61% Compare
MBC MasterBrand, Inc. $1.3B — (loss-making) — +11.53% (above 0%: growing) n/m +83.07% (above 0%: growing) 25.21% (3.41%) Compare
LZB La-Z-Boy Incorporated $1.2B 15.0× 12.3× −3.36% (below 0%: shrinking) n/m −100.71% (below 0%: shrinking) 43.87% (0.44%)
XMAX XMax Inc. $559.9M 19.8× — (loss-making) +7.06% (above 0%: growing) n/m −4,043.35% (below 0%: shrinking) 39.84% (44.49%) Compare
ETD Ethan Allen Interiors Inc. $512.2M 13.1× 14.8× −8.48% (below 0%: shrinking) −4.17% (below 0%: shrinking) −14.27% (below 0%: shrinking) 63.11% 9.78% Compare
HBB Hamilton Beach Brands Holding Company $465.4M 8.1× — (loss-making) +11.63% (above 0%: growing) +657.58% (above 0%: growing) +283.98% (above 0%: growing) 54.33% 30.29% Compare
Median of peers $1.4B 14.2× 13.8× +6.22% +14.66% +76.46% 42.85% 5.94%

All 31 Furnishings Fixtures & Appliances stocks →

La-Z-Boy Incorporated (LZB) key facts

  • Strength: La-Z-Boy Incorporated’s revenue for fiscal 2026 (year ended April 2026) was $2.1 billion, up 0.83% from fiscal 2025.
  • Strength: Net income was $102.9 million, or $2.49 per share (basic), a net margin of 4.80%.
  • La-Z-Boy Incorporated (LZB) is a Furnishings Fixtures & Appliances company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
  • As of October 14, 2026, LZB traded at $29.70, a market capitalization of $1.2 billion.
  • At that price the stock trades at 15.0× trailing-twelve-month earnings and 0.6× sales; its P/E is higher than 41% of its own readings over the past ten years.
  • La-Z-Boy Incorporated pays an annual dividend of $0.97 per share, a yield of 3.23%, with a payout ratio of 49.1%.
  • Return on equity was 9.74% and debt-to-equity 0.00.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.74 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/LZB · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com