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 |
| Operating 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 |
| Selling General And Administration | - | 427.30 | 465.40 | 508.80 | 488.30 |
| Total Expenses | - | 4,664 | 4,405.90 | 4,165.30 | 3,815.50 |
| Operating Income | - | 482.70 | 319.40 | 218.30 | 239.60 |
| EBITDA | - | 668.90 | 94.90 | -287.30 | 485 |
| Normalized EBITDA | - | 671.70 | 503 | 364.60 | 351.70 |
| EBIT | - | 489.10 | -85 | -423.30 | 362.60 |
| Interest Income | - | 4.10 | 5.40 | 6.60 | 6.60 |
| Interest Expense | - | 85.50 | 88.40 | 85.90 | 72.90 |
| Net Interest Income | - | -81.40 | -83 | -79.30 | -66.30 |
| Other Non Operating Income Expenses | - | 5.10 | -1.70 | 3.70 | -16.90 |
| Other Income Expense | - | 2.30 | -409.80 | -648.20 | 116.40 |
| Interest Income Non Operating | - | 4.10 | 5.40 | 6.60 | 6.60 |
| Interest Expense Non Operating | - | 85.50 | 88.40 | 85.90 | 72.90 |
| Net Non Operating Interest Income Expense | - | -81.40 | -83 | -79.30 | -66.30 |
| Pretax Income | - | 403.60 | -173.40 | -509.20 | 289.70 |
| Tax Provision | - | 93.70 | -36.60 | 2.20 | 54.30 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.65 | -86.14 | -136.90 | 24.93 |
| Net Income Continuous Operations | - | 309.90 | -136.80 | -511.40 | 235.40 |
| Net Income From Continuing And Discontinued Operation | - | 309.80 | -136.80 | -511.50 | 235.40 |
| Net Income From Continuing Operation Net Minority Interest | - | 309.80 | -136.80 | -511.50 | 235.40 |
| Net Income | - | 309.80 | -136.80 | -511.50 | 235.40 |
| Net Income Common Stockholders | - | 309.80 | -136.80 | -511.50 | 235.40 |
| Net Income Including Noncontrolling Interests | - | 309.90 | -136.80 | -511.40 | 235.40 |
| Normalized Income | - | 311.95 | 185.16 | 3.50 | 127.03 |
| Diluted NI Availto Com Stockholders | - | 309.80 | -136.80 | -511.50 | 235.40 |
| Basic Average Shares | - | 136.10 | 136.30 | 137.30 | 138.50 |
| Diluted Average Shares | - | 136.50 | 136.30 | 137.30 | 139.70 |
| Reconciled Depreciation | - | 179.80 | 179.90 | 136 | 122.40 |
| Reconciled Cost Of Revenue | - | 4,056.90 | 3,760.60 | 3,520.50 | 3,204.80 |
| Total Unusual Items | - | -2.80 | -408.10 | -651.90 | 133.30 |
| Total Unusual Items Excluding Goodwill | - | -2.80 | -408.10 | -651.90 | 133.30 |
| Minority Interests | - | -0.10 | 0 | -0.10 | 0 |
| Special Income Charges | - | 2.30 | -411.60 | -659 | 124.90 |
| Gain On Sale Of Business | - | - | 0 | 0 | 90.90 |
| Other Special Charges | -8.50 | -1.40 | - | - | - |
| Write Off | 0 | 0 | - | - | - |
| Impairment Of Capital Assets | - | 0 | 443.70 | 682.30 | 19 |
| Restructuring And Mergern Acquisition | - | 0.20 | -12 | 12.30 | 11.10 |
| Gain On Sale Of Security | - | -5.10 | 3.50 | 7.10 | 8.40 |
| Depreciation Amortization Depletion Income Statement | - | 66.80 | 69 | 22 | 16.20 |
| Depreciation And Amortization In Income Statement | - | 66.80 | 69 | 22 | 16.20 |
| General And Administrative Expense | 422.10 | 427.30 | 465.40 | - | - |
| Other Gand A | 422.10 | 427.30 | 465.40 | - | - |
| Gain On Sale Of Ppe | - | 2.50 | 20.10 | 35.60 | 64.10 |
| Amortization | - | 66.80 | 69 | 22 | 16.20 |
| Amortization Of Intangibles Income Statement | - | 66.80 | 69 | 22 | 16.20 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Leggett & Platt, Incorporatedthis co. | LEG | $1.4B | 5.91β discount | 1.36 | 23.0% | 5.07 |
| TriMas Corporation | TRS | $1.4B | 11.79 | 2.01 | 17.0% | 19.05 |
| Savers Value Village, Inc. | SVV | $1.4B | 62.17 | 3.23 | 5.2% | 15.00 |
| Carter's, Inc. | CRI | $1.4B | 15.31 | 1.52 | 9.9% | 10.48 |
| Tripadvisor, Inc. | TRIP | $1.4B |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 34.76 |
| 2.16 |
| 6.2% |
| 8.02 |
| Revolve Group, Inc. | RVLV | $1.4B | 22.41 | 2.70 | 12.0% | 13.93 |
| Olaplex Holdings, Inc. | OLPX | $1.4B | -148.20 | 1.56 | -1.1% | 15.77 |
| Winmark Corporation | WINA | $1.4B | 32.66 | - | -77.6% | 24.92 |
| Hyliion Holdings Corp. | HYLN | $1.4B | -23.76 | 7.08 | -29.8% | -22.68 |
| Peer Median | - | 18.86 | 2.16 | 5.7% | 14.46 | |