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Leggett & Platt, Incorporated LEG R2K

Consumer Cyclical · Furnishings, Fixtures & Appliances · United States
https://www.leggett.com

Leggett & Platt, Incorporated, together with its subsidiaries, designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. The company offers steel rod, drawn wire, innersprings, specialty foam chemicals and additives, for use in bedding and furniture, semi-finished mattresses, private label finished mattresses, pillows and toppers, static foundations, and adjustable beds to industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, e-commerce retailers, big box retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating, seat suspension systems, motors and actuators, and cables; and engineered hydraulic cylinders to automobile original equipment manufacturers (OEMs) and suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware; springs and seat suspensions; components and private label finished goods for soft seating; bases, columns, back rests, casters, and frames for office chairs and control devices; and carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components for manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, mattress and furniture producers, and manufacturers of draperies, specialty packaging, filtration, and automotive upholstery. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.

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$10.27
+15.61% 1Y

Market & Price

Market Cap
$1.40B
Current Price
$10.27
High / Low (52W)
$12.83 / $7.96
Beta
0.77

Valuation

Stock P/E
6.38
Industry PE
22.37
Forward P/E
10.14
PEG Ratio
2.96
Book Value
$7.62
Price to Book
1.35
P/S
0.35
EV/EBITDA
7.33
Dividend Yield
1.95%

Profitability & Returns

ROCE
13.13%
ROE
25.16%
ROA
3.94%
Profit Margin
5.69%
Op Margin
5.10%
EPS (Latest Qtr)
$0.14
EPS (TTM)
$1.61

Balance Sheet & Liquidity

Debt/Equity
1.58
Quick Ratio
1.38
Current Ratio
2.33
Debt
$1.65B
Total Assets
$3.54B
Current Assets
$1.74B
Working Capital
$968.60M

Ownership

Promoter Holding
2.26%
Chg in Prom Hold
-
FII / Inst Holding
88.16%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$2.54B
Total Revenue (TTM)
$3.95B
EBITDA
$346.60M
Free Cash Flow
$251.01M
Operating Cash Flow
$275.30M
Shares Outstanding
136.43M
Gross Margin
18.45%
Payout Ratio
12.42%

Growth (CAGR)

Revenue 5Y
-7.64%
Profit 5Y
-8.75%
Revenue (YoY)
-10.20%
Earnings (YoY)
-36.40%

PROS

  • Strong return on equity of 25.2%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -7.6% CAGR over 5 years.
  • Earnings shrank at -8.7% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 LEG Leggett & Platt, Incorporated R2K 10.27 6.38 $1.40B 1.95% 13.13% 25.16% -7.64% -8.75%
2 AMZN Amazon.com, Inc. NDXSPXAI 270.64 31.65 $2.91T - 16.60% 24.29% 11.73% 984.47%
3 TSLA Tesla, Inc. NDXSPXAI 435.79 399.81 $1.64T - 5.29% 4.90% 5.19% -32.94%
4 HD The Home Depot, Inc. SPX 317.14 22.52 $316.23B 2.94% 28.92% 128.38% 1.52% -6.11%
5 MCD McDonald's Corporation SPX 279.20 23.04 $198.37B 2.66% 22.63% - 5.06% 11.50%
6 TJX The TJX Companies, Inc. SPX 154.75 30.11 $171.12B 1.24% 32.91% 61.25% 6.53% 16.24%
7 BKNG Booking Holdings Inc. NDXSPX 167.43 22.09 $129.74B 0.96% 67.24% - 16.35% 20.90%
8 LOW Lowe's Companies, Inc. SPX 214.36 18.12 $120.26B 2.24% 29.62% - -3.85% 1.11%
9 PDD PDD Holdings Inc. NDX 84.44 8.87 $120.19B - 28.69% 25.40% 49.00% 45.85%
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Quarterly Results

Figures in USD.

Metric Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ---------1.03B1.10B1.09B1.05B1.16B1.21B1.24B1.14B1.05B845.10M1.21B1.18B1.15B1.27B1.32B1.33B1.32B1.33B1.29B1.21B1.22B1.18B1.10B1.13B--1.02B1.06B1.04B938.60M918.20M
Cost of Revenue -----------------------------------832.10M865.40M842.70M770.80M747.50M
Gross Profit 233.60M233.60M234.00M227.40M204.20M226.70M230.70M216.50M208.50M217.40M231.00M227.10M213.20M233.00M269.70M275.50M272.40M220.70M146.60M269.70M267.10M247.50M269.30M256.10M265.40M267.30M268.40M230.50M218.60M221.10M214.30M186.40M186.50M--190.00M192.60M193.70M167.80M170.70M
Operating Expenses -----------------------------------128.60M122.00M128.30M125.60M125.10M
Operating Income -----------------------------------61.40M70.60M65.40M42.20M45.60M
EBITDA -----------------------------------95.50M121.90M202.30M65.30M74.60M
Interest Expense -----------------------------------18.80M20.50M18.50M15.10M14.50M
Pretax Income -----------------------------------45.10M71.70M154.40M18.50M31.90M
Tax Provision -----------------------------------14.50M19.20M27.20M-6.60M11.90M
Net Income 80.50M89.50M121.20M93.50M81.60M86.10M87.60M82.60M36.30M77.90M85.00M90.00M53.00M61.20M86.20M99.60M86.80M44.10M-6.10M107.00M108.00M87.50M112.20M97.20M105.50M90.40M95.20M71.40M53.50M54.20M52.80M31.60M-602.20M--30.60M52.50M127.10M25.20M20.00M
Diluted EPS 0.570.630.870.670.590.620.640.600.270.570.630.670.390.450.640.740.640.33-0.050.790.790.640.820.710.770.660.700.520.390.400.390.23-4.39--0.220.380.910.180.14

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------3.94B4.27B4.75B4.28B-5.15B4.73B4.38B4.06B
Cost of Revenue --------------4.17B3.87B3.63B3.31B
Gross Profit 691.20M629.70M655.40M668.50M695.60M709.90M790.40M923.20M901.70M882.40M888.70M1.02B904.10M-976.80M853.80M749.10M744.10M
Operating Expenses --------------494.10M534.40M530.80M504.50M
Operating Income --------------482.70M319.40M218.30M239.60M
EBITDA --------------668.90M94.90M-287.30M485.00M
Interest Expense --------------85.50M88.40M85.90M72.90M
Pretax Income --------------403.60M-173.40M-509.20M289.70M
Tax Provision --------------93.70M-36.60M2.20M54.30M
Net Income 104.40M111.80M176.60M153.30M248.20M197.30M98.00M325.10M385.80M292.60M305.90M314.00M253.00M-309.80M-136.80M-511.50M235.40M
Diluted EPS 0.620.701.151.041.701.340.682.282.762.132.262.321.86-2.27-1.00-3.731.69

Compounded Sales Growth

5 Years:-7.64%
1 Year:-10.20%

Compounded Profit Growth

5 Years:-8.75%
1 Year:-36.40%

Stock Price Performance

1 Year:+15.61%
6 Months:+3.86%
3 Months:-11.64%
1 Month:-4.73%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Jan 2018Dec 2018Jan 2019Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --3.06B3.00B2.92B3.25B3.11B3.14B2.96B2.98B3.55B3.55B3.38B3.52B4.86B4.80B-5.19B4.63B3.66B3.54B
Current Assets -----------------1.96B1.88B1.69B1.74B
Cash & Equivalents 205.40M164.70M260.50M244.50M236.30M359.10M272.70M332.80M253.20M281.90M526.10M-268.10M-247.60M348.90M-316.50M365.50M350.20M587.40M
Inventory -----------------907.50M819.70M722.60M622.60M
Receivables -----------------609.00M564.90M503.00M433.70M
Total Liabilities -----------------3.54B3.30B2.97B2.51B
Current Liabilities --535.10M523.00M586.00M731.00M829.50M992.20M701.20M706.60M976.20M-815.70M-928.10M1.01B-968.10M1.26B846.40M775.00M
Long Term Debt ---764.40M835.80M1.06B869.50M968.40M944.90M959.80M1.25B-1.17B-2.12B1.90B-2.07B1.68B1.86B1.50B
Total Debt -----------------2.29B2.20B2.05B1.66B
Total Equity --1.55B1.51B1.30B1.43B1.39B1.15B1.09B1.09B1.19B-1.16B-1.31B1.42B-1.64B1.33B689.40M1.02B
Shares Outstanding -----------------198.80M198.80M198.80M198.80M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 436.20M565.30M362.50M328.90M449.70M416.90M381.90M359.10M552.60M443.70M440.30M668.00M602.60M-441.40M497.20M305.70M338.20M
Investing Cash Flow 263.30M-72.50M-65.10M-36.60M-294.00M-75.30M-102.70M-69.60M-102.00M-165.00M-277.80M-1.42B-49.00M--181.20M-91.30M-36.60M293.30M
Financing Cash Flow -733.50M-408.70M-313.60M-303.60M-36.60M-434.30M-203.60M-349.20M-402.20M-64.50M-396.90M731.10M-461.70M--286.20M-358.80M-270.00M-413.20M
Capital Expenditure -118.30M-83.00M-67.70M-75.00M-71.00M-80.60M-94.10M-103.20M-124.00M-159.40M-159.60M-143.10M-66.20M--100.30M-113.80M-81.60M-57.20M
Free Cash Flow 317.90M482.30M294.80M253.90M378.70M336.30M287.80M255.90M428.60M284.30M280.70M524.90M536.40M-341.10M383.40M224.10M281.00M
Net Change in Cash ---------------26.00M47.10M-900.00K218.30M
Share Buybacks 296.50M192.00M130.10M225.30M30.00M169.40M149.70M191.50M198.00M157.60M112.40M16.40M10.60M9.80M60.30M6.00M4.90M2.40M
Dividends Paid 165.10M157.20M154.90M155.90M199.50M124.90M167.50M171.60M177.40M185.60M193.70M204.60M211.50M218.30M229.20M239.40M136.30M27.00M

Ratios (Annual)

Figures in %.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------22.4%20.8%21.5%21.1%-19.0%18.1%17.1%18.3%
Operating Margin % --------------9.4%6.8%5.0%5.9%
Net Margin % ---------7.4%7.2%6.6%5.9%-6.0%-2.9%-11.7%5.8%
ROE % -7.2%11.7%11.8%17.3%14.2%8.5%29.9%35.3%24.6%26.4%23.9%17.8%-18.9%-10.3%-74.2%23.0%
ROCE % --------------11.4%9.5%7.8%8.7%

Shareholding Pattern

Insiders
2.26%
Institutions
88.16%
Public Float
90.20%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 16.09% 21.96M $225.50M
2 Vanguard Portfolio Management LLC 8.95% 12.21M $125.37M
3 Vanguard Capital Management LLC 4.23% 5.77M $59.31M
4 State Street Corporation 4.08% 5.56M $57.15M
5 Forest Avenue Capital Management LP 2.71% 3.70M $38.02M
6 Geode Capital Management, LLC 2.34% 3.19M $32.72M
7 Quantinno Capital Management, LP 2.22% 3.02M $31.06M
8 Alyeska Investment Group, L.p. 2.01% 2.74M $28.10M
9 Invenomic Capital Management, LP 1.58% 2.16M $22.17M
10 Morgan Stanley 1.56% 2.13M $21.92M

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