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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.1B | $485M | $235M | $281M | 23.0% | -7.5% | -146.0% |
| 2024 | $4.4B | $-287M | $-512M | $224M | -74.2% | -7.2% | 273.9% |
| 2023 | $4.7B | $95M | $-137M | $383M | -10.3% | -8.2% | -144.2% |
| 2022 | $5.1B | $669M | $310M | $341M | 18.9% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 5,146.70 | 4,725.30 | 4,383.60 | 4,055.10 |
| Cost Of Revenue | - | 4,169.90 | 3,871.50 | 3,634.50 | 3,311 |
| Gross Profit | - | 976.80 | 853.80 | 749.10 | 744.10 |
| Operating Expense | - | 494.10 | 534.40 | 530.80 | 504.50 |
| Operating Income | - | 482.70 | 319.40 | 218.30 | 239.60 |
| EBITDA | - | 668.90 | 94.90 | -287.30 | 485 |
| EBIT | - | 489.10 | -85 | -423.30 | 362.60 |
| Pretax Income | - | 403.60 | -173.40 | -509.20 | 289.70 |
| Tax Provision | - | 93.70 | -36.60 | 2.20 | 54.30 |
| Net Income | - | 309.80 | -136.80 | -511.50 | 235.40 |
| Net Income Common Stockholders | - | 309.80 | -136.80 | -511.50 | 235.40 |
| Total Expenses | - | 4,664 | 4,405.90 | 4,165.30 | 3,815.50 |
| Interest Expense | - | 85.50 | 88.40 | 85.90 | 72.90 |
| Interest Income | - | 4.10 | 5.40 | 6.60 | 6.60 |
| Selling General And Administration | - | 427.30 | 465.40 | 508.80 | 488.30 |
| Normalized EBITDA | - | 671.70 | 503 | 364.60 | 351.70 |
| Normalized Income | - | 311.95 | 185.16 | 3.50 | 127.03 |
| Market Cap | 1,546.81 | 1,546.81 | 1,546.81 | 1,546.81 | 1,546.81 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Leggett & Platt, Incorporatedthis co. | LEG | $1.6B | 6.57β discount | 1.51 | 23.0% | 5.39 |
| Kohl's Corporation | KSS | $1.6B | 6.06 | 0.41 | 6.7% | 5.74 |
| Interface, Inc. | TILE | $1.6B | 14.14 | 2.56 | 18.1% | 9.32 |
| Dream Finders Homes, Inc. | DFH | $1.5B | 6.43 | 0.98 | 15.2% | 9.26 |
| Sally Beauty Holdings, Inc. | SBH |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.5B |
| 7.40 |
| 1.83 |
| 24.7% |
| 6.70 |
| La-Z-Boy Incorporated | LZB | $1.5B | 14.67 | 1.43 | 9.8% | 5.98 |
| The RealReal, Inc. | REAL | $1.4B | - | -3.35 | 10.1% | 190.91 |
| Tripadvisor, Inc. | TRIP | $1.4B | 32.71 | 2.03 | 6.2% | 7.61 |
| The Wendy's Company | WEN | $1.4B | 8.24 | 11.59 | 140.6% | 9.92 |
| Peer Median | - | 8.24 | 1.63 | 12.7% | 8.43 | |