La-Z-Boy (LZB) financial statements
La-Z-Boy reported revenue of $2.1B in fiscal 2026, up 3.8% a year over 9 years.
Net income was $102M and the operating margin 6.1%, against 8.8% in 2017.
Free cash flow was $128M, and the company returned $38M in dividends and $47M in net buybacks.
The diluted share count fell 16% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from La-Z-Boy's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.7B | $1.7B | $1.7B | $2.4B | $2.3B | $2.0B | $2.1B | $2.1B |
| Cost of revenue | $911M | $961M | $1.0B | $983M | $994M | $1.5B | $1.4B | $1.2B | $1.2B | $1.2B |
| Gross profit | $609M | $623M | $703M | $721M | $740M | $880M | $965M | $882M | $926M | $937M |
| Research and development | $8M | $8M | $9M | $11M | $8M | $9M | $9M | $10M | $10M | $11M |
| Selling, general and admin | $476M | $493M | $573M | $576M | $604M | $673M | $753M | $731M | $770M | $787M |
| Operating income | $133M | $129M | $130M | $119M | $137M | $207M | $211M | $151M | $136M | $129M |
| Interest expense | — | — | — | — | — | — | $536,000 | $455,000 | $545,000 | $524,000 |
| Pre-tax income | $131M | $129M | $95M | $115M | $146M | $205M | $206M | $166M | $147M | $139M |
| Income tax | $44M | $47M | $25M | $36M | $38M | $53M | $54M | $41M | $46M | $36M |
| Net income | $86M | $81M | $69M | $77M | $106M | $150M | $151M | $123M | $100M | $102M |
| EPS (diluted) | $1.73 | $1.67 | $1.44 | $1.66 | $2.30 | $3.39 | $3.48 | $2.83 | $2.35 | $2.47 |
| Diluted shares | 49M | 48M | 47M | 47M | 46M | 44M | 43M | 43M | 42M | 41M |
| Gross margin | 40.1% | 39.3% | 40.3% | 42.3% | 42.7% | 37.3% | 41.1% | 43.1% | 43.9% | 44.0% |
| Operating margin | 8.8% | 8.2% | 7.4% | 7.0% | 7.9% | 8.8% | 9.0% | 7.4% | 6.4% | 6.1% |
| Net margin | 5.7% | 5.1% | 3.9% | 4.5% | 6.1% | 6.4% | 6.4% | 6.0% | 4.7% | 4.8% |
Balance sheet
Fiscal years, from La-Z-Boy's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $142M | $135M | $130M | $262M | $391M | $246M | $343M | $341M | $328M | $303M |
| Receivables | $151M | $154M | $143M | $99M | $139M | $184M | $126M | $139M | $140M | $131M |
| Inventory | $175M | $185M | $197M | $182M | $226M | $303M | $276M | $263M | $255M | $218M |
| Total current assets | $517M | $518M | $541M | $626M | $926M | $952M | $855M | $837M | $806M | $774M |
| Property, plant and equipment | $169M | $181M | $201M | $215M | $219M | $253M | $279M | $298M | $339M | $357M |
| Goodwill | $74M | $75M | $186M | $161M | $176M | $195M | $205M | $214M | $206M | $243M |
| Total assets | $889M | $893M | $1.1B | $1.4B | $1.8B | $1.9B | $1.9B | $1.9B | $1.9B | $2.0B |
| Total current liabilities | $199M | $181M | $239M | $350M | $612M | $676M | $476M | $437M | $421M | $430M |
| Long-term debt | $296,000 | $199,000 | $19,000 | $0 | — | — | — | — | — | — |
| Total liabilities | $288M | $268M | $363M | $719M | $1.0B | $1.1B | $914M | $900M | $890M | $980M |
| Shareholders' equity | $590M | $612M | $683M | $701M | $773M | $811M | $942M | $1.0B | $1.0B | $1.0B |
| Net debt | -$142M | -$134M | -$130M | -$262M | -$391M | -$246M | -$343M | -$341M | -$328M | -$303M |
Cash flow
Fiscal years, from La-Z-Boy's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $148M | $116M | $151M | $164M | $310M | $79M | $205M | $158M | $187M | $204M |
| Capital spending | $20M | $36M | $48M | $46M | $38M | $77M | $69M | $54M | $74M | $76M |
| Free cash flow | $128M | $79M | $102M | $118M | $272M | $2M | $136M | $105M | $113M | $128M |
| Stock-based compensation | $9M | $9M | $11M | $8M | $13M | $12M | $12M | $14M | $17M | $16M |
| Dividends paid | $21M | $22M | $24M | $25M | — | $28M | $30M | $33M | $35M | $38M |
| Share buybacks (net) | -$36M | -$57M | -$23M | -$43M | -$44M | -$91M | -$5M | -$53M | -$78M | -$47M |
| Free cash flow margin | 8.4% | 5.0% | 5.9% | 6.9% | 15.7% | 0.1% | 5.8% | 5.1% | 5.4% | 6.0% |
| Dividends per share | $0.42 | $0.46 | $0.50 | $0.54 | — | $0.63 | $0.69 | $0.75 | $0.83 | $0.92 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LZB.
Open LZB in InvestinglyQuestions
What was La-Z-Boy's revenue in 2026?
$2.1B in fiscal 2026, from its 10-K filing.
How much free cash flow does La-Z-Boy generate?
$128M in fiscal 2026 (operating cash flow minus capital spending).
From La-Z-Boy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.