Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| La-Z-Boy Inc.LZB · consumer durables | |
|---|---|
| Grade |  Cmiddle fifth of 460 graded peers; percentile 49.0, sampling error 2.3 points; lower is stronger |
| Rank | 224 of 460 |
| Profitability | Cpercentile 51.4 |
| Solvency | B/Cpercentile 39.6 |
| Growth and financing | Cpercentile 55.7 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $2.0B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none active · fortress balance sheetnot computable: distress |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Jun 16, 2026115 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $29.552026-10-08; market equity $1.2B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Jun 16, 2026; the document on sec.gov.
Edward M. Knabusch and Edwin J. Shoemaker started Floral City Furniture in 1927, and in 1928 the newly formed company introduced its first recliner. In 1941, we were incorporated in the state of Michigan as La-Z-Boy Chair Company, and in 1996 we changed our name to La-Z-Boy Incorporated. Today, our La-Z-Boy brand is one of the most recognized brands in the furniture industry. We are the leading global producer of reclining chairs and one of the largest manufacturers/distributors of residential furniture in the United States. The La-Z-Boy Stores retail network is the second largest retailer of single-branded furniture in the United States.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 51.4 | |||||||
| Gross profitability | 45.9% | [1,5] | 34.4% | 34.7 | 476 | 2026-04-25 | |
| Return on invested capital | not computable | 8.9% | |||||
| latest aligned inputs end 2020-04-25; latest annual assets end 2026-04-25 | |||||||
| Accruals ratio | (5.2%) | [1,6-8] | (5.1%) | 51.1 | 525 | 2026-04-25 | |
| Gross margin stability, five years | 2.5 pts | [2,5,9-16] | 1.7 pts | 68.2 | 407 | 2026-04-25 | |
| Solvency, sleeve percentile 39.6 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2026-07-25 | |||||||
| Altman Z double-prime | not computable | 2.11 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | not computable | 2.11x | |||||
| latest aligned inputs end 2020-04-25; latest annual assets end 2026-04-25 | |||||||
| Interest coverage | not computable | 2.57x | |||||
| latest aligned inputs end 2016-04-30; latest annual assets end 2026-04-25 | |||||||
| Current ratio | 1.80x | [17-18] | 1.55x | 39.6 | 541 | 2026-04-25 | |
| Growth and financing, sleeve percentile 55.7 | |||||||
| Revenue growth, three-year compound | (3.3%) | [2,10,12,14] | 1.4% | 69.2 | 482 | 2026-04-25 | |
| Free cash flow growth, three-year compound | (2.1%) | [7,19-25] | 8.3% | 70.7 | 250 | 2026-04-25 | |
| Reinvestment rate | (12.5%) | [17-19,26-31] | 12.0% | 70.8 | 265 | 2026-04-25 | |
| Asset growth, three years | 3.1% | [1,8,32-33] | 2.0% | 42.6 | 487 | 2026-04-25 | |
| Net share issuance, one year | (2.4%) | [34-35] | (0.3%) | 24.9 | 382 | 2026-06-09 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.026; sampling error 2.3 percentile points on 460 peers.
Among 460 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 219 | Yum China Holdings, Inc. (YUMC) Yum China Holdings, Inc. (YUMC) Cmiddle fifth; percentile 48.2 NYSE · Retail-Eating Places market equity $14.3B; last close $41.81 No active warnings; 9 of 14 inputs | 48.2 | C | |
| 220 | Koss Corp. (KOSS) Koss Corp. (KOSS) Cmiddle fifth; percentile 48.6 Nasdaq · Household Audio & Video Equipment market equity $34.9M; last close $3.75 No active warnings; 9 of 14 inputs | 48.6 | C | |
| 221 | Group 1 Automotive Inc. (GPI) Group 1 Automotive Inc. (GPI) Cmiddle fifth; percentile 48.6 NYSE · Retail-Auto Dealers & Gasoline Stations market equity $2.8B; last close $236.71 No active warnings; 9 of 14 inputs | 48.6 | C | |
| 222 | Oxford Industries Inc. (OXM) Oxford Industries Inc. (OXM) Cmiddle fifth; percentile 48.8 NYSE · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments market equity $381.6M; last close $25.48 No active warnings; 8 of 14 inputs | 48.8 | C | |
| 223 | Harley-Davidson, Inc. (HOG) Harley-Davidson, Inc. (HOG) Cmiddle fifth; percentile 48.8 NYSE · Motorcycles, Bicycles & Parts market equity $2.8B; last close $26.73 Warnings: fortress balance sheet; 11 of 14 inputs | 48.8 | C | fortress balance sheet |
| 224 | La-Z-Boy Inc. (LZB) La-Z-Boy Inc. (LZB) Cmiddle fifth; percentile 49.0 NYSE · Household Furniture market equity $1.2B; last close $29.55 Warnings: fortress balance sheet; 9 of 14 inputs | 49.0 | C | fortress balance sheet |
| 225 | Reliance, Inc. (RS) Reliance, Inc. (RS) Cmiddle fifth; percentile 49.0 NYSE · Wholesale-Metals Service Centers & of fices market equity $20.3B; last close $397.21 No active warnings; 8 of 14 inputs | 49.0 | C | |
| 226 | Foster L B Co. (FSTR) Foster L B Co. (FSTR) Cmiddle fifth; percentile 49.4 Nasdaq · Wholesale-Metals Service Centers & of fices market equity $372.6M; last close $35.35 No active warnings; 10 of 14 inputs | 49.4 | C | |
| 227 | BrightView Holdings, Inc. (BV) BrightView Holdings, Inc. (BV) Cmiddle fifth; percentile 49.6 NYSE · Agricultural Services market equity $968.6M; last close $10.45 No active warnings; 12 of 14 inputs | 49.6 | C | |
| 228 | TD Synnex Corp. (SNX) TD Synnex Corp. (SNX) Cmiddle fifth; percentile 49.8 NYSE · Wholesale-Computers & Peripheral Equipment & Software market equity $21.3B; last close $267.62 No active warnings; 11 of 14 inputs | 49.8 | C | |
| 229 | Boise Cascade Co. (BCC) Boise Cascade Co. (BCC) Cmiddle fifth; percentile 50.2 NYSE · Wholesale-Lumber & Other Construction Materials market equity $2.6B; last close $74.27 No active warnings; 7 of 14 inputs | 50.2 | C |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C | 55.3 | 2204 |
| sector peers, equal sleeves (the grade) | C | 49.0 | 460 |
| same exchange, equal sleeves | C | 44.7 | 984 |
| sector peers, equal inputs | C/D | 59.9 | 460 |
Each letter is one fifth of the 460 graded peers, about 92 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (6.7%) | (0.2%) | 40 | hotter than 40 of 100 peers |
| Distance from 52-week high | (29.9%) | (25.6%) | 43 | closer to its high than 43 of 100 peers |
| EBIT to enterprise value | 14.1% | 5.0% | 93 | pricier than 7 of 100 peers |
| Free cash flow yield | 10.8% | 4.6% | 78 | pricier than 22 of 100 peers |
| Book value to price | 0.86 | 0.45 | 71 | pricier than 29 of 100 peers |
| Sales to price | 1.80 | 1.49 | 55 | pricier than 45 of 100 peers |
| Composite equity issuance, five years | (23.6%) | (16.0%) | 30 | more equity-funded than 30 of 100 peers |
| Relative strength against the sector, log excess return | (0.05) | (0.01) | 46 | ahead of 46 of 100 peers |
Inputs: market equity $1.2B; EBIT $129.2M; free cash flow $127.8M; book equity $1.0B; sales $2.1B; debt $0; cash $267.3M[36].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2026-04-25 | ||
|---|---|---|
| Return on assets above zero | 5.3% | ✓ pass[6,8] |
| Operating cash flow above zero | $204.1M | ✓ pass[7] |
| Return on assets improved | 0.1 pts | ✓ pass[6,8,32,37] |
| Operating cash flow exceeds net income | $102.1M | ✓ pass[6-7] |
| Long-term leverage fell | n/a[1,8,32] | |
| Current ratio improved | (11.4 pts) | ✗ fail[17-18,30-31] |
| No new shares issued | (2.4%) | ✓ pass[34-35] |
| Gross margin improved | 0.1 pts | ✓ pass[2,5,9-10] |
| Asset turnover improved | 0.4 pts | ✓ pass[2,8,10,32] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $267.3M[38] |
| Operating cash flow, four quarters | $183.5M[7,38-42] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 52 |
| 10-Q received Aug 18, 2026 | |
| Median daily dollar volume | $19.7M |
| 63 sessions | |
| Days since newest grade input | 115 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $2.0B | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.1B | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $261.6M | 2020-04-25 | 2021-06-15 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebtAndCapitalLeaseObligations | $0 | 2020-04-25 | 2020-06-23 | 10-K | filing · viewer · series |
| 5 | gross profit | us-gaap:GrossProfit | $936.6M | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | $102.0M | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $204.1M | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $1.9B | 2025-04-26 | 2026-06-16 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $926.4M | 2025-04-26 | 2026-06-16 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.1B | 2025-04-26 | 2026-06-16 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $881.7M | 2024-04-27 | 2026-06-16 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.0B | 2024-04-27 | 2026-06-16 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $964.7M | 2023-04-29 | 2025-06-17 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.3B | 2023-04-29 | 2025-06-17 | 10-K | filing · viewer · series |
| 15 | gross profit | us-gaap:GrossProfit | $879.8M | 2022-04-30 | 2024-06-17 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.4B | 2022-04-30 | 2024-06-17 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $773.9M | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $429.9M | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 19 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $76.3M | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 20 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $187.3M | 2025-04-26 | 2026-06-16 | 10-K | filing · viewer · series |
| 21 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $74.3M | 2025-04-26 | 2026-06-16 | 10-K | filing · viewer · series |
| 22 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $158.1M | 2024-04-27 | 2026-06-16 | 10-K | filing · viewer · series |
| 23 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $53.6M | 2024-04-27 | 2026-06-16 | 10-K | filing · viewer · series |
| 24 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $205.2M | 2023-04-29 | 2025-06-17 | 10-K | filing · viewer · series |
| 25 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $68.8M | 2023-04-29 | 2025-06-17 | 10-K | filing · viewer · series |
| 26 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $47.4M | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 27 | operating income | us-gaap:OperatingIncomeLoss | $129.2M | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 28 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $138.8M | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 29 | income tax | us-gaap:IncomeTaxExpenseBenefit | $35.9M | 2026-04-25 | 2026-06-16 | 10-K | filing · viewer · series |
| 30 | current assets | us-gaap:AssetsCurrent | $805.7M | 2025-04-26 | 2026-06-16 | 10-K | filing · viewer · series |
| 31 | current liabilities | us-gaap:LiabilitiesCurrent | $420.8M | 2025-04-26 | 2026-06-16 | 10-K | filing · viewer · series |
| 32 | assets | us-gaap:Assets | $1.9B | 2024-04-27 | 2025-06-17 | 10-K | filing · viewer · series |
| 33 | assets | us-gaap:Assets | $1.9B | 2023-04-29 | 2024-06-17 | 10-K | filing · viewer · series |
| 34 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 39,897,378 | 2026-06-09 | 2026-06-16 | 10-K | filing · viewer · series |
| 35 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 40,880,790 | 2025-06-10 | 2025-06-17 | 10-K | filing · viewer · series |
| 36 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 40,052,771 | 2026-08-11 | 2026-08-18 | 10-Q | filing · viewer · series |
| 37 | net income | us-gaap:NetIncomeLoss | $99.6M | 2025-04-26 | 2026-06-16 | 10-K | filing · viewer · series |
| 38 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $267.3M | 2026-07-25 | 2026-08-18 | 10-Q | filing · viewer · series |
| 39 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $15.6M | 2026-07-25 | 2026-08-18 | 10-Q | filing · viewer · series |
| 40 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $175.7M | 2026-01-24 | 2026-02-17 | 10-Q | filing · viewer · series |
| 41 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $86.3M | 2025-10-25 | 2025-11-18 | 10-Q | filing · viewer · series |
| 42 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $36.3M | 2025-07-26 | 2026-08-18 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 49.0 is 9.0 points from the nearest band edge; sampling error is 2.3 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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