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乐至宝（LZB）与Sleep Number Corp（SNBR）财务数据对比。点击上方公司名可切换其他公司
乐至宝的季度营收约是Sleep Number Corp的1.6倍（$541.6M vs $342.9M）。乐至宝净利率更高（4.0% vs -11.6%，领先15.6%）。乐至宝同比增速更快（3.8% vs -19.6%）。乐至宝自由现金流更多（$71.6M vs $-10.2M）。过去两年乐至宝的营收复合增速更高（-1.1% vs -10.7%）
La-Z-Boy是总部位于美国密歇根州门罗的家具制造企业，主打居家家具产品，涵盖软垫 recliner、沙发、固定座椅、升降椅、沙发床等品类，全球员工规模超过11000人，是休闲家居领域的知名品牌。
Sleep Number是美国床具制造商，主打Sleep Number与Comfortaire品牌床垫，同时生产床架及各类床品配件。公司总部位于明尼苏达州明尼阿波利斯，除总部外，还在南卡罗来纳州和犹他州设有生产与分销网点。
LZB vs SNBR — 直观对比
营收规模更大
LZB
是对方的1.6倍
$342.9M
营收增速更快
LZB
高出23.4%
-19.6%
净利率更高
LZB
高出15.6%
-11.6%
自由现金流更多
LZB
多$81.7M
$-10.2M
两年增速更快
LZB
近两年复合增速
-10.7%
损益表 — Q3 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $541.6M | $342.9M |
| 净利润 | $21.6M | $-39.8M |
| 毛利率 | 43.1% | 59.9% |
| 营业利润率 | 5.5% | -11.8% |
| 净利率 | 4.0% | -11.6% |
| 营收同比 | 3.8% | -19.6% |
| 净利润同比 | -23.8% | -1168.8% |
| 每股收益（稀释后） | $0.52 | $-1.73 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LZBSNBR
| Q1 26 | $541.6M | — | ||
| Q4 25 | $522.5M | — | ||
| Q3 25 | $492.2M | $342.9M | ||
| Q2 25 | $570.9M | $327.9M | ||
| Q1 25 | $521.8M | $393.3M | ||
| Q4 24 | $521.0M | $376.8M | ||
| Q3 24 | $495.5M | $426.6M | ||
| Q2 24 | $553.5M | $408.4M |
净利润LZBSNBR
| Q1 26 | $21.6M | — | ||
| Q4 25 | $28.9M | — | ||
| Q3 25 | $18.2M | $-39.8M | ||
| Q2 25 | $14.9M | $-25.0M | ||
| Q1 25 | $28.4M | $-8.6M | ||
| Q4 24 | $30.0M | $-4.7M | ||
| Q3 24 | $26.2M | $-3.1M | ||
| Q2 24 | $39.3M | $-5.1M |
毛利率LZBSNBR
| Q1 26 | 43.1% | — | ||
| Q4 25 | 44.2% | — | ||
| Q3 25 | 42.5% | 59.9% | ||
| Q2 25 | 44.0% | 59.1% | ||
| Q1 25 | 44.3% | 61.2% | ||
| Q4 24 | 44.3% | 59.9% | ||
| Q3 24 | 43.1% | 60.8% | ||
| Q2 24 | 43.4% | 59.1% |
营业利润率LZBSNBR
| Q1 26 | 5.5% | — | ||
| Q4 25 | 6.9% | — | ||
| Q3 25 | 4.5% | -11.8% | ||
| Q2 25 | 5.2% | -0.0% | ||
| Q1 25 | 6.7% | 0.5% | ||
| Q4 24 | 7.4% | 0.7% | ||
| Q3 24 | 6.5% | 2.0% | ||
| Q2 24 | 9.1% | 1.5% |
净利率LZBSNBR
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.5% | — | ||
| Q3 25 | 3.7% | -11.6% | ||
| Q2 25 | 2.6% | -7.6% | ||
| Q1 25 | 5.4% | -2.2% | ||
| Q4 24 | 5.8% | -1.2% | ||
| Q3 24 | 5.3% | -0.7% | ||
| Q2 24 | 7.1% | -1.2% |
每股收益（稀释后）LZBSNBR
| Q1 26 | $0.52 | — | ||
| Q4 25 | $0.70 | — | ||
| Q3 25 | $0.44 | $-1.73 | ||
| Q2 25 | $0.35 | $-1.09 | ||
| Q1 25 | $0.68 | $-0.38 | ||
| Q4 24 | $0.71 | $-0.21 | ||
| Q3 24 | $0.61 | $-0.14 | ||
| Q2 24 | $0.91 | $-0.22 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $306.1M | $1.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $-521.3M |
| 总资产 | $2.1B | $749.4M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LZBSNBR
| Q1 26 | $306.1M | — | ||
| Q4 25 | $338.5M | — | ||
| Q3 25 | $318.5M | $1.3M | ||
| Q2 25 | $328.4M | $1.3M | ||
| Q1 25 | $314.6M | $1.7M | ||
| Q4 24 | $303.1M | $1.9M | ||
| Q3 24 | $342.3M | $1.6M | ||
| Q2 24 | $341.1M | $2.0M |
股东权益LZBSNBR
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | $-521.3M | ||
| Q2 25 | $1.0B | $-480.7M | ||
| Q1 25 | $1.0B | $-456.8M | ||
| Q4 24 | $1.0B | $-451.6M | ||
| Q3 24 | $999.2M | $-448.8M | ||
| Q2 24 | $1.0B | $-447.0M |
总资产LZBSNBR
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.9B | $749.4M | ||
| Q2 25 | $1.9B | $804.5M | ||
| Q1 25 | $2.0B | $836.8M | ||
| Q4 24 | $1.9B | $860.8M | ||
| Q3 24 | $1.9B | $864.7M | ||
| Q2 24 | $1.9B | $883.6M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $89.4M | $-6.4M |
| 自由现金流经营现金流 - 资本支出 | $71.6M | $-10.2M |
| 自由现金流率自由现金流/营收 | 13.2% | -3.0% |
| 资本支出强度资本支出/营收 | 3.3% | 1.1% |
| 现金转化率经营现金流/净利润 | 4.13× | — |
| 过去12个月自由现金流最近4个季度 | $158.2M | $-47.0M |
8季度趋势，按日历期对齐
经营现金流LZBSNBR
| Q1 26 | $89.4M | — | ||
| Q4 25 | $50.0M | — | ||
| Q3 25 | $36.3M | $-6.4M | ||
| Q2 25 | $62.0M | $3.8M | ||
| Q1 25 | $57.0M | $-2.6M | ||
| Q4 24 | $15.9M | $-23.7M | ||
| Q3 24 | $52.3M | $27.3M | ||
| Q2 24 | $52.8M | $-10.2M |
自由现金流LZBSNBR
| Q1 26 | $71.6M | — | ||
| Q4 25 | $29.6M | — | ||
| Q3 25 | $17.8M | $-10.2M | ||
| Q2 25 | $39.3M | $369.0K | ||
| Q1 25 | $38.2M | $-7.2M | ||
| Q4 24 | $-1.2M | $-30.0M | ||
| Q3 24 | $36.7M | $24.2M | ||
| Q2 24 | $37.3M | $-15.0M |
自由现金流率LZBSNBR
| Q1 26 | 13.2% | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 3.6% | -3.0% | ||
| Q2 25 | 6.9% | 0.1% | ||
| Q1 25 | 7.3% | -1.8% | ||
| Q4 24 | -0.2% | -8.0% | ||
| Q3 24 | 7.4% | 5.7% | ||
| Q2 24 | 6.7% | -3.7% |
资本支出强度LZBSNBR
| Q1 26 | 3.3% | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 3.8% | 1.1% | ||
| Q2 25 | 4.0% | 1.1% | ||
| Q1 25 | 3.6% | 1.2% | ||
| Q4 24 | 3.3% | 1.7% | ||
| Q3 24 | 3.2% | 0.7% | ||
| Q2 24 | 2.8% | 1.2% |
现金转化率LZBSNBR
| Q1 26 | 4.13× | — | ||
| Q4 25 | 1.73× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 4.15× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 1.34× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LZB
| Stationary Upholstery Furniture | $286.2M | 53% |
| Retail Segment | $251.9M | 47% |
SNBR
| Retail Channel | $301.2M | 88% |
| Online Phone Chat And Other | $41.7M | 12% |
