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Side-by-side financial comparison of LA-Z-BOY INC (LZB) and MUELLER INDUSTRIES INC (MLI). Click either name above to swap in a different company.

MUELLER INDUSTRIES INC is the larger business by last-quarter revenue ($962.4M vs $541.6M, roughly 1.8× LA-Z-BOY INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 4.0%, a 12.0% gap on every dollar of revenue. On growth, MUELLER INDUSTRIES INC posted the faster year-over-year revenue change (4.2% vs 3.8%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $71.6M). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs -1.1%).

La-Z-Boy Inc. is an American furniture manufacturer based in Monroe, Michigan, United States, that makes home furniture, including upholstered recliners, sofas, stationary chairs, lift chairs and sleeper sofas. The company employs more than 11,000 people.

Mueller Industries is an American manufacturing company that specializes in piping, industrial metals and climate machinery. It was founded in 1917 and is included on the Fortune 1000 list in 2022. The head office of the company is located in Memphis, Tennessee. Mueller Industries, Inc. is a multi-billion dollar revenue company that is publicly traded.

LZB vs MLI — Head-to-Head

Bigger by revenue
MLI
MLI
1.8× larger
MLI
$962.4M
$541.6M
LZB
Growing faster (revenue YoY)
MLI
MLI
+0.4% gap
MLI
4.2%
3.8%
LZB
Higher net margin
MLI
MLI
12.0% more per $
MLI
16.0%
4.0%
LZB
More free cash flow
MLI
MLI
$49.8M more FCF
MLI
$121.4M
$71.6M
LZB
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
-1.1%
LZB

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LZB
LZB
MLI
MLI
Revenue
$541.6M
$962.4M
Net Profit
$21.6M
$153.7M
Gross Margin
43.1%
Operating Margin
5.5%
17.9%
Net Margin
4.0%
16.0%
Revenue YoY
3.8%
4.2%
Net Profit YoY
-23.8%
11.7%
EPS (diluted)
$0.52
$1.37

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LZB
LZB
MLI
MLI
Q1 26
$541.6M
Q4 25
$522.5M
$962.4M
Q3 25
$492.2M
$1.1B
Q2 25
$570.9M
$1.1B
Q1 25
$521.8M
$1.0B
Q4 24
$521.0M
$923.5M
Q3 24
$495.5M
$997.8M
Q2 24
$553.5M
$997.7M
Net Profit
LZB
LZB
MLI
MLI
Q1 26
$21.6M
Q4 25
$28.9M
$153.7M
Q3 25
$18.2M
$208.1M
Q2 25
$14.9M
$245.9M
Q1 25
$28.4M
$157.4M
Q4 24
$30.0M
$137.7M
Q3 24
$26.2M
$168.7M
Q2 24
$39.3M
$160.2M
Gross Margin
LZB
LZB
MLI
MLI
Q1 26
43.1%
Q4 25
44.2%
Q3 25
42.5%
Q2 25
44.0%
Q1 25
44.3%
Q4 24
44.3%
Q3 24
43.1%
27.6%
Q2 24
43.4%
27.3%
Operating Margin
LZB
LZB
MLI
MLI
Q1 26
5.5%
Q4 25
6.9%
17.9%
Q3 25
4.5%
25.6%
Q2 25
5.2%
26.7%
Q1 25
6.7%
20.6%
Q4 24
7.4%
18.4%
Q3 24
6.5%
20.7%
Q2 24
9.1%
21.0%
Net Margin
LZB
LZB
MLI
MLI
Q1 26
4.0%
Q4 25
5.5%
16.0%
Q3 25
3.7%
19.3%
Q2 25
2.6%
21.6%
Q1 25
5.4%
15.7%
Q4 24
5.8%
14.9%
Q3 24
5.3%
16.9%
Q2 24
7.1%
16.1%
EPS (diluted)
LZB
LZB
MLI
MLI
Q1 26
$0.52
Q4 25
$0.70
$1.37
Q3 25
$0.44
$1.88
Q2 25
$0.35
$2.22
Q1 25
$0.68
$1.39
Q4 24
$0.71
$1.21
Q3 24
$0.61
$1.48
Q2 24
$0.91
$1.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LZB
LZB
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$306.1M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$3.2B
Total Assets
$2.1B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LZB
LZB
MLI
MLI
Q1 26
$306.1M
Q4 25
$338.5M
$1.4B
Q3 25
$318.5M
$1.3B
Q2 25
$328.4M
$1.1B
Q1 25
$314.6M
$873.6M
Q4 24
$303.1M
$1.1B
Q3 24
$342.3M
$969.6M
Q2 24
$341.1M
$825.7M
Stockholders' Equity
LZB
LZB
MLI
MLI
Q1 26
$1.0B
Q4 25
$1.0B
$3.2B
Q3 25
$1.0B
$3.1B
Q2 25
$1.0B
$2.9B
Q1 25
$1.0B
$2.7B
Q4 24
$1.0B
$2.8B
Q3 24
$999.2M
$2.7B
Q2 24
$1.0B
$2.5B
Total Assets
LZB
LZB
MLI
MLI
Q1 26
$2.1B
Q4 25
$2.0B
$3.7B
Q3 25
$1.9B
$3.7B
Q2 25
$1.9B
$3.5B
Q1 25
$2.0B
$3.2B
Q4 24
$1.9B
$3.3B
Q3 24
$1.9B
$3.2B
Q2 24
$1.9B
$3.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LZB
LZB
MLI
MLI
Operating Cash FlowLast quarter
$89.4M
$141.2M
Free Cash FlowOCF − Capex
$71.6M
$121.4M
FCF MarginFCF / Revenue
13.2%
12.6%
Capex IntensityCapex / Revenue
3.3%
2.1%
Cash ConversionOCF / Net Profit
4.13×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$158.2M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LZB
LZB
MLI
MLI
Q1 26
$89.4M
Q4 25
$50.0M
$141.2M
Q3 25
$36.3M
$310.1M
Q2 25
$62.0M
$190.6M
Q1 25
$57.0M
$113.6M
Q4 24
$15.9M
$140.1M
Q3 24
$52.3M
$231.4M
Q2 24
$52.8M
$100.8M
Free Cash Flow
LZB
LZB
MLI
MLI
Q1 26
$71.6M
Q4 25
$29.6M
$121.4M
Q3 25
$17.8M
$291.8M
Q2 25
$39.3M
$176.5M
Q1 25
$38.2M
$97.0M
Q4 24
$-1.2M
$111.2M
Q3 24
$36.7M
$205.7M
Q2 24
$37.3M
$91.6M
FCF Margin
LZB
LZB
MLI
MLI
Q1 26
13.2%
Q4 25
5.7%
12.6%
Q3 25
3.6%
27.1%
Q2 25
6.9%
15.5%
Q1 25
7.3%
9.7%
Q4 24
-0.2%
12.0%
Q3 24
7.4%
20.6%
Q2 24
6.7%
9.2%
Capex Intensity
LZB
LZB
MLI
MLI
Q1 26
3.3%
Q4 25
3.9%
2.1%
Q3 25
3.8%
1.7%
Q2 25
4.0%
1.2%
Q1 25
3.6%
1.7%
Q4 24
3.3%
3.1%
Q3 24
3.2%
2.6%
Q2 24
2.8%
0.9%
Cash Conversion
LZB
LZB
MLI
MLI
Q1 26
4.13×
Q4 25
1.73×
0.92×
Q3 25
1.99×
1.49×
Q2 25
4.15×
0.78×
Q1 25
2.01×
0.72×
Q4 24
0.53×
1.02×
Q3 24
2.00×
1.37×
Q2 24
1.34×
0.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LZB
LZB

Stationary Upholstery Furniture$286.2M53%
Retail Segment$251.9M47%

MLI
MLI

Tube And Fittings$484.6M50%
Industrial Metals$252.2M26%
Valves And Plumbing Specialties$122.5M13%
Flex Duct And Other HVAC Components$80.8M8%
Other Products$14.9M2%

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