Forensic Analysis · Furniture & Home Furnishings · as of Nov 9, 2026

La-Z-Boy Inc (LZB)

A forensic read on La-Z-Boy Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Safe

Financial health

3.6

Distress distance

Clean

Earnings quality

Forensic signals

9.9%

ROE

0.8%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

La-Z-Boy Inc earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 3.6, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by goodwill impairments.

What the filings flag

$41M

FY2025–FY2026

Goodwill impairments. Took $41M of goodwill writedowns across 2 years (FY2025 ($21M), FY2026 ($20M)) — about 20% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.

7.7%

FY2026

Return on invested capital. Return on invested capital is 7.7% in the latest fiscal year and slipping across FY2024–FY2026 from 10.0%. After-tax operating profit was $113M in FY2024 and $96M in FY2026, with operating income at 7.4% of revenue in FY2024, 6.4% in FY2025 and 6.1% in FY2026. The capital base behind it went from $1.1B in FY2024 to $1.2B in FY2026 (+9%), while the revenue it carried went from $2.0B to $2.1B. Across FY2025–FY2026, $267M went into capital expenditure and acquisitions against $92M of depreciation excluding $2M of intangible-asset amortisation. The base is struck net of amortisation, write-downs and the current liabilities that fund it, so it moved by less than that spending net of the wear, and this row does not say which of those absorbed the difference.

Key fundamentals

Latest Revenue$2.13B

Revenue Growth YoY+0.8%

Revenue CAGR (2yr)+1.9%

Net Margin4.8%

Free Cash Flow$127.8M

Return on Equity9.9%

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.