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

MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $541.6M, roughly 1.5× LA-Z-BOY INC). MSCI Inc. runs the higher net margin — 34.6% vs 4.0%, a 30.6% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 3.8%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $71.6M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% 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.

MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.

LZB vs MSCI — Head-to-Head

Bigger by revenue
MSCI
MSCI
1.5× larger
MSCI
$822.5M
$541.6M
LZB
Growing faster (revenue YoY)
MSCI
MSCI
+6.8% gap
MSCI
10.6%
3.8%
LZB
Higher net margin
MSCI
MSCI
30.6% more per $
MSCI
34.6%
4.0%
LZB
More free cash flow
MSCI
MSCI
$417.1M more FCF
MSCI
$488.7M
$71.6M
LZB
Faster 2-yr revenue CAGR
MSCI
MSCI
Annualised
MSCI
10.0%
-1.1%
LZB

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LZB
LZB
MSCI
MSCI
Revenue
$541.6M
$822.5M
Net Profit
$21.6M
$284.7M
Gross Margin
43.1%
Operating Margin
5.5%
56.4%
Net Margin
4.0%
34.6%
Revenue YoY
3.8%
10.6%
Net Profit YoY
-23.8%
-6.8%
EPS (diluted)
$0.52
$3.81

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
MSCI
MSCI
Q1 26
$541.6M
Q4 25
$522.5M
$822.5M
Q3 25
$492.2M
$793.4M
Q2 25
$570.9M
$772.7M
Q1 25
$521.8M
$745.8M
Q4 24
$521.0M
$743.5M
Q3 24
$495.5M
$724.7M
Q2 24
$553.5M
$707.9M
Net Profit
LZB
LZB
MSCI
MSCI
Q1 26
$21.6M
Q4 25
$28.9M
$284.7M
Q3 25
$18.2M
$325.4M
Q2 25
$14.9M
$303.6M
Q1 25
$28.4M
$288.6M
Q4 24
$30.0M
$305.5M
Q3 24
$26.2M
$280.9M
Q2 24
$39.3M
$266.8M
Gross Margin
LZB
LZB
MSCI
MSCI
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%
Q2 24
43.4%
Operating Margin
LZB
LZB
MSCI
MSCI
Q1 26
5.5%
Q4 25
6.9%
56.4%
Q3 25
4.5%
56.4%
Q2 25
5.2%
55.0%
Q1 25
6.7%
50.6%
Q4 24
7.4%
54.5%
Q3 24
6.5%
55.4%
Q2 24
9.1%
54.0%
Net Margin
LZB
LZB
MSCI
MSCI
Q1 26
4.0%
Q4 25
5.5%
34.6%
Q3 25
3.7%
41.0%
Q2 25
2.6%
39.3%
Q1 25
5.4%
38.7%
Q4 24
5.8%
41.1%
Q3 24
5.3%
38.8%
Q2 24
7.1%
37.7%
EPS (diluted)
LZB
LZB
MSCI
MSCI
Q1 26
$0.52
Q4 25
$0.70
$3.81
Q3 25
$0.44
$4.25
Q2 25
$0.35
$3.92
Q1 25
$0.68
$3.71
Q4 24
$0.71
$3.89
Q3 24
$0.61
$3.57
Q2 24
$0.91
$3.37

Balance Sheet & Financial Strength

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

Metric
LZB
LZB
MSCI
MSCI
Cash + ST InvestmentsLiquidity on hand
$306.1M
$515.3M
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$1.0B
$-2.7B
Total Assets
$2.1B
$5.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LZB
LZB
MSCI
MSCI
Q1 26
$306.1M
Q4 25
$338.5M
$515.3M
Q3 25
$318.5M
$400.1M
Q2 25
$328.4M
$347.3M
Q1 25
$314.6M
$360.7M
Q4 24
$303.1M
$409.4M
Q3 24
$342.3M
$501.0M
Q2 24
$341.1M
$451.4M
Total Debt
LZB
LZB
MSCI
MSCI
Q1 26
Q4 25
$6.2B
Q3 25
$5.5B
Q2 25
$4.5B
Q1 25
$4.5B
Q4 24
$4.5B
Q3 24
$4.5B
Q2 24
$4.5B
Stockholders' Equity
LZB
LZB
MSCI
MSCI
Q1 26
$1.0B
Q4 25
$1.0B
$-2.7B
Q3 25
$1.0B
$-1.9B
Q2 25
$1.0B
$-886.2M
Q1 25
$1.0B
$-958.6M
Q4 24
$1.0B
$-940.0M
Q3 24
$999.2M
$-751.0M
Q2 24
$1.0B
$-734.5M
Total Assets
LZB
LZB
MSCI
MSCI
Q1 26
$2.1B
Q4 25
$2.0B
$5.7B
Q3 25
$1.9B
$5.4B
Q2 25
$1.9B
$5.4B
Q1 25
$2.0B
$5.3B
Q4 24
$1.9B
$5.4B
Q3 24
$1.9B
$5.4B
Q2 24
$1.9B
$5.5B

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
MSCI
MSCI
Operating Cash FlowLast quarter
$89.4M
$501.1M
Free Cash FlowOCF − Capex
$71.6M
$488.7M
FCF MarginFCF / Revenue
13.2%
59.4%
Capex IntensityCapex / Revenue
3.3%
1.5%
Cash ConversionOCF / Net Profit
4.13×
1.76×
TTM Free Cash FlowTrailing 4 quarters
$158.2M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LZB
LZB
MSCI
MSCI
Q1 26
$89.4M
Q4 25
$50.0M
$501.1M
Q3 25
$36.3M
$449.4M
Q2 25
$62.0M
$336.1M
Q1 25
$57.0M
$301.7M
Q4 24
$15.9M
$430.6M
Q3 24
$52.3M
$421.6M
Q2 24
$52.8M
$349.2M
Free Cash Flow
LZB
LZB
MSCI
MSCI
Q1 26
$71.6M
Q4 25
$29.6M
$488.7M
Q3 25
$17.8M
$445.5M
Q2 25
$39.3M
$324.7M
Q1 25
$38.2M
$290.2M
Q4 24
$-1.2M
$416.4M
Q3 24
$36.7M
$415.0M
Q2 24
$37.3M
$340.6M
FCF Margin
LZB
LZB
MSCI
MSCI
Q1 26
13.2%
Q4 25
5.7%
59.4%
Q3 25
3.6%
56.2%
Q2 25
6.9%
42.0%
Q1 25
7.3%
38.9%
Q4 24
-0.2%
56.0%
Q3 24
7.4%
57.3%
Q2 24
6.7%
48.1%
Capex Intensity
LZB
LZB
MSCI
MSCI
Q1 26
3.3%
Q4 25
3.9%
1.5%
Q3 25
3.8%
0.5%
Q2 25
4.0%
1.5%
Q1 25
3.6%
1.5%
Q4 24
3.3%
1.9%
Q3 24
3.2%
0.9%
Q2 24
2.8%
1.2%
Cash Conversion
LZB
LZB
MSCI
MSCI
Q1 26
4.13×
Q4 25
1.73×
1.76×
Q3 25
1.99×
1.38×
Q2 25
4.15×
1.11×
Q1 25
2.01×
1.05×
Q4 24
0.53×
1.41×
Q3 24
2.00×
1.50×
Q2 24
1.34×
1.31×

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%

MSCI
MSCI

Recurring Subscriptions$246.4M30%
Asset Based Fees$211.7M26%
Analytics Segment$182.3M22%
Sustainability And Climate Segment$90.3M11%
Other$70.9M9%
Non Recurring$21.1M3%

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