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La-z-boy Inc key statistics and ratios

In fiscal 2026, La-z-boy Inc had return on equity of 9.9%, an operating margin of 6.1%, debt equal to 0.0% of equity and a current ratio of 1.80. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Apr 20102011Apr 20112012Apr 20122013Apr 20132014Apr 20142015Apr 20152016Apr 20162017Apr 20172018Apr 20182019Apr 20192020Apr 20202021Apr 20212022Apr 20222023Apr 20232024Apr 20242025Apr 20252026Apr 2026LTMJul 2026
Gross margin31.6%29.8%31.8%32.7%34.2%35.4%38.3%40.1%39.3%40.3%42.3%42.7%37.3%41.1%43.1%43.9%44.0%44.4%
Operating margin3.4%2.2%4.2%5.3%6.6%7.2%8.2%8.8%8.2%7.4%7.0%7.9%8.8%9.0%7.4%6.4%6.1%5.0%
Net margin2.8%2.0%7.5%3.6%4.1%5.0%5.2%5.7%5.1%3.9%4.5%6.1%6.4%6.4%6.0%4.7%4.8%3.9%
Free-cash-flow margin6.7%1.5%5.8%3.4%4.2%1.2%5.9%8.4%5.0%5.9%6.9%15.7%0.1%5.8%5.1%5.4%6.0%4.8%
Return on equity9.5%6.8%21.9%10.0%10.9%13.5%14.8%15.1%13.5%10.6%11.2%14.4%18.9%17.2%12.6%9.8%9.9%7.9%
Return on assets—4.1%13.8%6.6%7.4%9.2%10.1%10.2%9.1%7.0%6.2%6.6%8.1%7.9%6.5%5.2%5.1%4.0%
Asset turnover—2.001.821.811.821.841.941.801.781.791.371.081.271.241.081.101.071.05
Current ratio—3.273.343.343.123.083.062.602.862.271.791.511.411.801.911.911.801.66
Debt to equity0.0%9.7%2.2%1.7%1.5%0.2%0.1%0.1%0.1%0.0%10.7%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Interest cover (operating income ÷ interest)13.6x11.0x35.2x90.6x162.9x197.3x———————————169.3x
Effective tax rate27.2%33.1%−42.5%33.3%34.3%35.0%35.3%33.5%36.7%26.4%31.4%26.3%25.9%26.2%24.8%31.4%25.9%25.4%
R&D as % of revenue—0.7%0.6%0.6%0.6%0.4%0.4%0.5%0.5%0.5%0.6%0.4%0.4%0.4%0.5%0.5%0.5%—
SG&A as % of revenue28.2%27.3%27.6%27.4%27.6%28.2%30.1%31.3%31.1%32.8%33.8%34.8%28.6%32.1%35.7%36.5%37.0%38.4%
Capital spending as % of revenue0.9%0.9%1.3%2.0%2.5%4.9%1.6%1.3%2.3%2.8%2.7%2.2%3.2%2.9%2.6%3.5%3.6%3.8%
Free cash flow ÷ net income240.6%72.0%76.5%92.8%103.7%23.2%113.3%148.6%98.2%149.2%152.6%255.5%1.6%90.5%85.3%113.5%125.3%125.6%
Dividends ÷ net income—0.0%0.0%9.1%19.1%20.5%22.9%24.0%27.2%34.3%32.4%—18.5%19.8%26.6%35.1%37.2%47.4%
Dividends and buybacks ÷ free cash flow—0.0%7.7%33.8%74.6%403.9%69.3%44.3%99.2%45.4%57.9%16.3%>999%25.6%81.7%99.9%66.7%96.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 2 checks passed · July 25, 2026
What it owns · $2.0bn
Short-term assets $746mLonger-term assets $1.2bn
What it owes, and who funded it · $1.5bn
Short-term liabilities $448mShareholders' equity $1.0bn
  • Short-term assets cover short-term liabilities $746m of assets due within a year against $448m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $105m against $621,000 of interest.

From La-z-boy Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

64 /100

Moderate moat

How hard La-z-boy's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Cash operating profit has been a median 9.5% of total assets over 10 years.

  • Pricing power 15 / 20

    Gross margin has been a median 42.0%, moving by 2.1 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median 7.8%; its worst year was 5.0%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 10 of 10 years, at a median 5.7% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 11.3% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (69 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: LZB vs SGIETD vs LZBFLXS vs LZBLZB vs MHK

More: Home Furnishings stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from La-z-boy Inc's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to La-z-boy Inc.