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Maker of recliners and upholstered furniture sold through La-Z-Boy branded stores, dealers and wholesale.
Maker of recliners and upholstered furniture sold through La-Z-Boy branded stores, dealers and wholesale.
Makes much of its furniture in North American plants and sells wholesale to independent dealers, including owners of branded La-Z-Boy Furniture Galleries stores, while also running its own stores and an online brand, Joybird. Orders are made to the customer's choice of fabric and style, so delivery time is part of the sale.
Moat: narrow (brand, distribution, scale). Recognized recliner brand plus a dedicated branded retail store network most rivals lack.
Headquarters: Monroe, Michigan, United States · Founded: 1927 · Employees: 10,200
Size La-Z-Boy (LZB) is a United States Consumer Discretionary company (Home Furnishings) with a market value of $1.27B, the 2100th largest of 3,117 United States companies the cockpit tracks. Shares closed at $31.73 on 6 Nov 2026.
Performance Over six months the shares fell 11.2%, against -14.1% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 0.2% over the last twelve months (peer median +0.5%); the operating margin is 6.7% (peer median 6.4%).
Valuation It trades at 12.7× forward earnings against a peer median of 18.4× (5th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.0 points below its cost of capital (9.5% WACC).
Short interest Short interest is 5.2% of the free float (15 Oct 2026).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.11B | $2.13B | $2.11B | $2.05B | $2.35B |
| Revenue growth | — | +1% | +3% | -13% | — |
| Gross profit | $942M | $946M | $926M | $886M | $965M |
| EBITDA | $276M | $289M | $279M | $283M | $327M |
| Net income | $81.5M | $102M | $99.6M | $123M | $151M |
| Free cash flow | $102M | $127M | $113M | $105M | $136M |
| Capital expenditure | $81.1M | $76.3M | $74.3M | $53.6M | $68.8M |
| Total debt | $542M | $564M | $491M | $484M | $446M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| La-Z-Boy LZB | $1.27B | -11% | 0% | 7% | 12.7× | 4.2% |
| Ethan Allen Interiors ETD | $506M | -2% | -6% | 8% | 16.4× | 3.3% |
| Flexsteel Industries FLXS | n/a | +28% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LZB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.4% | -2.3% | 6th highest of 21 |
| 6-month return | -11.2% | -14.1% | 8th highest of 21 |
| Distance from 52-week high | -29.3% | -40.6% | 8th highest of 21 |
| Revenue growth (TTM) | +0.2% | +0.5% | 10th lowest of 21 |
| Operating margin | 6.7% | 6.4% | 9th highest of 21 |
| Forward P/E | 12.7× | 18.4× | 5th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 4.2% | 0.0% | 6th most demanding of 16 |
| Growth delivered (Del g) | +4.2% | +6.1% | 7th lowest of 16 |
| Hurdle (Req g minus delivered) | +0.0 pp | -3.3 pp | 8th most demanding of 16 |
| ROIC minus cost of capital | -1.0 pp | -3.1 pp | 9th highest of 21 |
| EV / EBITDA | 5.6× | 9.1× | 2nd cheapest of 10 |
| Net debt / EBITDA | 1.0× | 0.5× | 6th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| La-Z-Boy LZB | United States | $1.27B | -11% | 0% | 7% | 12.7× | 4.2% | +4.2% |
| Ziel Home Furnishing Technology 301376.SZ | China | $1.32B | +32% | +21% | 6% | 18.2× | -7.0% | +17.0% |
| Okamura 7994.T | Japan | $1.35B | -14% | +3% | 7% | 9.5× | -6.7% | +6.1% |
| Man Wah 1999.HK | Hong Kong | $1.20B | -45% | -3% | 14% | 7.9× | -6.5% | 0.0% |
| MasterBrand MBC | United States | $1.37B | -12% | 0% | -1% | n/a | 19.4% | +2.1% |
| CSG 000012.SZ | China | $1.17B | -13% | -12% | -5% | n/a | n/a | n/a |
| De Rucci Healthy Sleep 001323.SZ | China | $1.15B | -26% | -6% | 5% | 19.5× | 0.0% | +3.3% |
| Hyundai G.f 005440.KS | South Korea | $1.44B | -21% | -1% | 4% | 4.8× | -1.0% | +20.1% |
| Suofeiya Home Collection 002572.SZ | China | $1.12B | -35% | -22% | 8% | 20.7× | -2.8% | +2.3% |
| Dong Yi Ri Sheng Home Decoration 002713.SZ | China | $1.08B | -38% | -1% | -23% | n/a | n/a | n/a |
| Forbo FORN.SW | Switzerland | $1.51B | +23% | -1% | 8% | 16.7× | 0.2% | -0.6% |
| TTK Prestige TTKPRESTIG.NS | India | $882M | +14% | +16% | 7% | 33.2× | 36.8% | +6.3% |
| Helen of Troy HELE | United States | $876M | +51% | +1% | 7% | 9.8× | 3.9% | -3.1% |
| Cello World CELLO.NS | India | $870M | -14% | +7% | 16% | 21.5× | 28.6% | +17.2% |
| WG Tech (JiangXi) 603773.SS | China | $1.87B | -20% | +2% | -8% | 222.4× | n/a | n/a |
| A-Zenith Home Furnishings 603389.SS | China | $1.91B | -17% | +275% | -5% | n/a | n/a | n/a |
| MotoMotion China 301061.SZ | China | $1.96B | -4% | -2% | 26% | 18.5× | -5.1% | +20.7% |
| Yotrio 002489.SZ | China | $809M | -23% | 0% | 2% | n/a | n/a | n/a |
| Arhaus ARHS | United States | $2.01B | +118% | +5% | 7% | 26.2× | 28.4% | +22.1% |
| Higold 001221.SZ | China | $2.05B | -40% | +17% | 21% | 17.4× | -3.4% | +33.2% |
| Chongqing Zhengchuan Pharmaceutical Packaging 603976.SS | China | $769M | +41% | +9% | 3% | n/a | 51.0% | +6.0% |