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Side-by-side financial comparison of LA-Z-BOY INC (LZB) and Western Midstream Partners, LP (WES). Click either name above to swap in a different company.

Western Midstream Partners, LP is the larger business by last-quarter revenue ($1.0B vs $541.6M, roughly 1.9× LA-Z-BOY INC). Western Midstream Partners, LP runs the higher net margin — 18.5% vs 4.0%, a 14.5% gap on every dollar of revenue. On growth, Western Midstream Partners, LP posted the faster year-over-year revenue change (11.0% vs 3.8%). Western Midstream Partners, LP produced more free cash flow last quarter ($335.4M vs $71.6M). Over the past eight quarters, Western Midstream Partners, LP's revenue compounded faster (7.8% 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.

Sunoco LP is an American vehicle gasoline master limited partnership company organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

LZB vs WES — Head-to-Head

Bigger by revenue
WES
WES
1.9× larger
WES
$1.0B
$541.6M
LZB
Growing faster (revenue YoY)
WES
WES
+7.2% gap
WES
11.0%
3.8%
LZB
Higher net margin
WES
WES
14.5% more per $
WES
18.5%
4.0%
LZB
More free cash flow
WES
WES
$263.9M more FCF
WES
$335.4M
$71.6M
LZB
Faster 2-yr revenue CAGR
WES
WES
Annualised
WES
7.8%
-1.1%
LZB

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LZB
LZB
WES
WES
Revenue
$541.6M
$1.0B
Net Profit
$21.6M
$190.7M
Gross Margin
43.1%
Operating Margin
5.5%
29.7%
Net Margin
4.0%
18.5%
Revenue YoY
3.8%
11.0%
Net Profit YoY
-23.8%
-42.8%
EPS (diluted)
$0.52

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
WES
WES
Q1 26
$541.6M
Q4 25
$522.5M
$1.0B
Q3 25
$492.2M
$952.3M
Q2 25
$570.9M
$942.1M
Q1 25
$521.8M
$916.9M
Q4 24
$521.0M
$928.4M
Q3 24
$495.5M
$883.1M
Q2 24
$553.5M
$905.4M
Net Profit
LZB
LZB
WES
WES
Q1 26
$21.6M
Q4 25
$28.9M
$190.7M
Q3 25
$18.2M
$339.6M
Q2 25
$14.9M
$341.7M
Q1 25
$28.4M
$309.0M
Q4 24
$30.0M
$333.6M
Q3 24
$26.2M
$288.5M
Q2 24
$39.3M
$378.6M
Gross Margin
LZB
LZB
WES
WES
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
WES
WES
Q1 26
5.5%
Q4 25
6.9%
29.7%
Q3 25
4.5%
46.4%
Q2 25
5.2%
47.2%
Q1 25
6.7%
44.7%
Q4 24
7.4%
45.9%
Q3 24
6.5%
44.8%
Q2 24
9.1%
51.9%
Net Margin
LZB
LZB
WES
WES
Q1 26
4.0%
Q4 25
5.5%
18.5%
Q3 25
3.7%
35.7%
Q2 25
2.6%
36.3%
Q1 25
5.4%
33.7%
Q4 24
5.8%
35.9%
Q3 24
5.3%
32.7%
Q2 24
7.1%
41.8%
EPS (diluted)
LZB
LZB
WES
WES
Q1 26
$0.52
Q4 25
$0.70
Q3 25
$0.44
Q2 25
$0.35
Q1 25
$0.68
Q4 24
$0.71
Q3 24
$0.61
Q2 24
$0.91

Balance Sheet & Financial Strength

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

Metric
LZB
LZB
WES
WES
Cash + ST InvestmentsLiquidity on hand
$306.1M
$819.5M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$1.0B
Total Assets
$2.1B
$15.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LZB
LZB
WES
WES
Q1 26
$306.1M
Q4 25
$338.5M
$819.5M
Q3 25
$318.5M
$177.3M
Q2 25
$328.4M
$129.7M
Q1 25
$314.6M
$448.4M
Q4 24
$303.1M
$1.1B
Q3 24
$342.3M
$1.1B
Q2 24
$341.1M
$344.1M
Total Debt
LZB
LZB
WES
WES
Q1 26
Q4 25
$8.2B
Q3 25
$6.9B
Q2 25
$6.9B
Q1 25
$6.9B
Q4 24
$6.9B
Q3 24
$6.9B
Q2 24
$7.1B
Stockholders' Equity
LZB
LZB
WES
WES
Q1 26
$1.0B
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$999.2M
Q2 24
$1.0B
Total Assets
LZB
LZB
WES
WES
Q1 26
$2.1B
Q4 25
$2.0B
$15.0B
Q3 25
$1.9B
$12.1B
Q2 25
$1.9B
$12.2B
Q1 25
$2.0B
$12.5B
Q4 24
$1.9B
$13.1B
Q3 24
$1.9B
$13.0B
Q2 24
$1.9B
$12.2B

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
WES
WES
Operating Cash FlowLast quarter
$89.4M
$557.6M
Free Cash FlowOCF − Capex
$71.6M
$335.4M
FCF MarginFCF / Revenue
13.2%
32.6%
Capex IntensityCapex / Revenue
3.3%
21.6%
Cash ConversionOCF / Net Profit
4.13×
2.92×
TTM Free Cash FlowTrailing 4 quarters
$158.2M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LZB
LZB
WES
WES
Q1 26
$89.4M
Q4 25
$50.0M
$557.6M
Q3 25
$36.3M
$570.2M
Q2 25
$62.0M
$564.0M
Q1 25
$57.0M
$530.8M
Q4 24
$15.9M
$554.4M
Q3 24
$52.3M
$551.3M
Q2 24
$52.8M
$631.4M
Free Cash Flow
LZB
LZB
WES
WES
Q1 26
$71.6M
Q4 25
$29.6M
$335.4M
Q3 25
$17.8M
$385.5M
Q2 25
$39.3M
$385.4M
Q1 25
$38.2M
$388.4M
Q4 24
$-1.2M
$315.7M
Q3 24
$36.7M
$361.9M
Q2 24
$37.3M
$419.6M
FCF Margin
LZB
LZB
WES
WES
Q1 26
13.2%
Q4 25
5.7%
32.6%
Q3 25
3.6%
40.5%
Q2 25
6.9%
40.9%
Q1 25
7.3%
42.4%
Q4 24
-0.2%
34.0%
Q3 24
7.4%
41.0%
Q2 24
6.7%
46.3%
Capex Intensity
LZB
LZB
WES
WES
Q1 26
3.3%
Q4 25
3.9%
21.6%
Q3 25
3.8%
19.4%
Q2 25
4.0%
19.0%
Q1 25
3.6%
15.5%
Q4 24
3.3%
25.7%
Q3 24
3.2%
21.5%
Q2 24
2.8%
23.4%
Cash Conversion
LZB
LZB
WES
WES
Q1 26
4.13×
Q4 25
1.73×
2.92×
Q3 25
1.99×
1.68×
Q2 25
4.15×
1.65×
Q1 25
2.01×
1.72×
Q4 24
0.53×
1.66×
Q3 24
2.00×
1.91×
Q2 24
1.34×
1.67×

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%

WES
WES

Segment breakdown not available.

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