Leggett & Platt Inc Financials

LEG

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Leggett & Platt Inc (LEG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 26/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Leggett & Platt Inc's revenue declined 7.2% year-over-year, from $4.7B to $4.4B. This contraction results in a growth score of 8/100.

Leverage

Leggett & Platt Inc has elevated debt relative to equity (D/E of 2.70), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 11/100, reflecting increased financial risk.

Liquidity

Leggett & Platt Inc's current ratio of 2.00 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Leggett & Platt Inc's free cash flow margin of 5.1% results in a low score of 26/100. Capital expenditures of $81.6M absorb a large share of operating cash flow.

Piotroski F-Score Neutral

4/9

Leggett & Platt Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.60x

For every $1 of reported earnings, Leggett & Platt Inc generates $-0.60 in operating cash flow ($305.7M OCF vs -$511.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$4.4B

YoY-7.2%

5Y CAGR-1.9%

10Y CAGR+0.5%

Leggett & Platt Inc generated $4.4B in revenue in fiscal year 2024. This represents a decrease of 7.2% from the prior year.

EBITDA

N/A

Free Cash Flow

$224.1M

YoY-41.5%

5Y CAGR-15.7%

10Y CAGR-2.5%

Leggett & Platt Inc generated $224.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 41.5% from the prior year.

Net Income

-$511.5M

YoY-273.9%

Leggett & Platt Inc reported -$511.5M in net income in fiscal year 2024. This represents a decrease of 273.9% from the prior year.

EPS (Diluted)

$-3.73

YoY-273.0%

Leggett & Platt Inc earned $-3.73 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 273.0% from the prior year.

Cash & Debt

$350.2M

YoY-4.2%

5Y CAGR+7.2%

10Y CAGR+0.5%

Leggett & Platt Inc held $350.2M in cash against $1.9B in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.61

YoY-66.5%

5Y CAGR-17.3%

10Y CAGR-6.7%

Leggett & Platt Inc paid $0.61 per share in dividends in fiscal year 2024. This represents a decrease of 66.5% from the prior year.

Shares Outstanding

N/A

Gross Margin

17.1%

YoY-1.0pp

5Y CAGR-4.2pp

10Y CAGR-1.8pp

Leggett & Platt Inc's gross margin was 17.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.0 percentage points from the prior year.

Operating Margin

N/A

Net Margin

-11.7%

YoY-8.8pp

5Y CAGR-18.2pp

10Y CAGR-14.0pp

Leggett & Platt Inc's net profit margin was -11.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$4.9M

YoY-18.3%

5Y CAGR-21.5%

10Y CAGR-29.0%

Leggett & Platt Inc spent $4.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 18.3% from the prior year.

Capital Expenditures

$81.6M

YoY-28.3%

5Y CAGR-10.6%

10Y CAGR-1.4%

Leggett & Platt Inc invested $81.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 28.3% from the prior year.

LEG Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$4.4B-7.2%	$4.7B-9.2%	$5.2B+1.4%	$5.1B+18.6%	$4.3B-10.1%	$4.8B
Cost of Revenue	$3.6B-6.1%	$3.9B-7.2%	$4.2B+3.4%	$4.0B+19.5%	$3.4B-9.5%	$3.7B
Gross Profit	$749.1M-12.3%	$853.8M-12.6%	$976.8M-5.9%	$1.0B+14.8%	$904.1M-11.7%	$1.0B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$508.8M+9.3%	$465.4M+8.9%	$427.3M+1.2%	$422.1M-0.5%	$424.4M-9.6%	$469.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$85.9M-2.8%	$88.4M+3.4%	$85.5M+11.8%	$76.5M-7.5%	$82.7M-8.8%	$90.7M
Income Tax	$2.2M+106.0%	-$36.6M-139.1%	$93.7M-21.6%	$119.5M+59.8%	$74.8M-16.3%	$89.4M
Net Income	-$511.5M-273.9%	-$136.8M-144.2%	$309.8M-23.0%	$402.4M+59.1%	$253.0M-19.4%	$314.0M
EPS (Diluted)	$-3.73-273.0%	$-1.00-144.1%	$2.27-22.8%	$2.94+58.1%	$1.86-19.8%	$2.32

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$1.0B-2.0%	$1.1B+3.5%	$1.0B-3.2%	$1.1B-4.1%	$1.1B-2.4%	$1.1B+2.9%	$1.1B-0.5%	$1.1B
Cost of Revenue	$842.7M-2.6%	$865.4M+4.0%	$832.1M-5.5%	$880.8M-2.3%	$901.1M-4.4%	$942.1M+3.5%	$910.5M-0.5%	$915.3M
Gross Profit	$193.7M+0.6%	$192.6M+1.4%	$190.0M+8.2%	$175.6M-12.5%	$200.6M+7.6%	$186.5M+0.1%	$186.4M-6.7%	$199.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$124.5M+5.2%	$118.4M-4.2%	$123.6M-0.6%	$124.4M-2.0%	$127.0M-3.4%	$131.5M+4.4%	$125.9M+4.0%	$121.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$18.5M-9.8%	$20.5M+9.0%	$18.8M-10.0%	$20.9M-0.5%	$21.0M-6.3%	$22.4M+3.7%	$21.6M+1.9%	$21.2M
Income Tax	$27.2M+41.7%	$19.2M+32.4%	$14.5M+34.3%	$10.8M-15.6%	$12.8M+139.8%	-$32.2M-398.1%	$10.8M+112.1%	-$88.9M
Net Income	$127.1M+142.1%	$52.5M+71.6%	$30.6M+115.5%	$14.2M-68.4%	$44.9M+107.5%	-$602.2M-2005.7%	$31.6M+110.6%	-$297.3M
EPS (Diluted)	$0.91+139.5%	$0.38+72.7%	$0.22+120.0%	$0.10-69.7%	$0.33+107.5%	$-4.39-2008.7%	$0.23+110.6%	$-2.18

LEG Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$3.7B-21.0%	$4.6B-10.6%	$5.2B-2.3%	$5.3B+10.6%	$4.8B-1.1%	$4.9B
Current Assets	$1.7B-10.1%	$1.9B-3.9%	$2.0B-5.2%	$2.1B+24.6%	$1.7B+5.1%	$1.6B
Cash & Equivalents	$350.2M-4.2%	$365.5M+15.5%	$316.5M-12.5%	$361.7M+3.7%	$348.9M+40.9%	$247.6M
Inventory	$722.6M-11.8%	$819.7M-9.7%	$907.5M-8.6%	$993.2M+43.6%	$691.5M+2.3%	$675.7M
Accounts Receivable	$503.0M-11.0%	$564.9M-7.2%	$609.0M-1.8%	$620.0M+15.8%	$535.2M-5.2%	$564.4M
Goodwill	$794.4M-46.7%	$1.5B+1.0%	$1.5B+1.7%	$1.4B+4.4%	$1.4B-1.2%	$1.4B
Total Liabilities	$3.0B-10.0%	$3.3B-6.9%	$3.5B-3.1%	$3.7B+8.4%	$3.4B-3.9%	$3.5B
Current Liabilities	$846.4M-33.0%	$1.3B+30.4%	$968.1M-27.5%	$1.3B+32.8%	$1.0B+8.4%	$928.1M
Long-Term Debt	$1.9B+10.9%	$1.7B-19.0%	$2.1B+15.9%	$1.8B-5.8%	$1.9B-10.3%	$2.1B
Total Equity	$689.4M-48.3%	$1.3B-18.7%	$1.6B-0.4%	$1.6B+15.7%	$1.4B+6.2%	$1.3B
Retained Earnings	$2.1B-22.4%	$2.7B-12.6%	$3.0B+2.5%	$3.0B+6.3%	$2.8B+1.2%	$2.8B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$3.5B-4.8%	$3.7B-1.2%	$3.7B+2.4%	$3.7B-3.1%	$3.8B-1.5%	$3.8B-16.8%	$4.6B-0.4%	$4.6B
Current Assets	$1.7B-1.9%	$1.7B-2.3%	$1.8B+5.5%	$1.7B-2.5%	$1.7B-3.0%	$1.8B-3.9%	$1.9B-1.1%	$1.9B
Cash & Equivalents	$460.7M+24.9%	$368.8M-10.6%	$412.6M+17.8%	$350.2M+26.3%	$277.2M-9.7%	$307.0M-15.0%	$361.3M-1.1%	$365.5M
Inventory	$634.0M-2.3%	$648.6M-4.4%	$678.3M-6.1%	$722.6M-4.2%	$754.4M-0.1%	$755.4M-6.4%	$807.4M-1.5%	$819.7M
Accounts Receivable	$536.1M-1.1%	$542.2M+3.8%	$522.3M+3.8%	$503.0M-13.9%	$583.9M-1.5%	$593.0M+2.7%	$577.4M+2.2%	$564.9M
Goodwill	$748.5M-0.4%	$751.2M+2.2%	$734.9M-7.5%	$794.4M-2.5%	$814.7M+1.3%	$804.1M-45.7%	$1.5B-0.6%	$1.5B
Total Liabilities	$2.6B-10.4%	$2.8B-5.1%	$3.0B+1.0%	$3.0B-2.2%	$3.0B-4.2%	$3.2B-4.7%	$3.3B+0.8%	$3.3B
Current Liabilities	$794.1M-1.0%	$802.3M-1.0%	$810.4M-4.3%	$846.4M-27.8%	$1.2B+0.3%	$1.2B-1.7%	$1.2B-5.9%	$1.3B
Long-Term Debt	$1.5B-16.5%	$1.8B-7.4%	$1.9B+3.9%	$1.9B+18.0%	$1.6B-7.3%	$1.7B-4.0%	$1.8B+5.6%	$1.7B
Total Equity	$971.8M+13.7%	$855.0M+14.5%	$746.8M+8.3%	$689.4M-7.0%	$741.0M+11.0%	$667.6M-48.2%	$1.3B-3.3%	$1.3B
Retained Earnings	$2.3B+5.6%	$2.1B+2.2%	$2.1B+1.1%	$2.1B+0.3%	$2.1B+1.9%	$2.0B-23.2%	$2.6B-1.2%	$2.7B

LEG Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$305.7M-38.5%	$497.2M+12.6%	$441.4M+62.7%	$271.3M-55.0%	$602.6M-9.8%	$668.0M
Capital Expenditures	$81.6M-28.3%	$113.8M+13.5%	$100.3M-5.9%	$106.6M+61.0%	$66.2M-53.7%	$143.1M
Free Cash Flow	$224.1M-41.5%	$383.4M+12.4%	$341.1M+107.1%	$164.7M-69.3%	$536.4M+2.2%	$524.9M
Investing Cash Flow	-$36.6M+59.9%	-$91.3M+49.6%	-$181.2M+19.9%	-$226.2M-361.6%	-$49.0M+96.5%	-$1.4B
Financing Cash Flow	-$270.0M+24.7%	-$358.8M-25.4%	-$286.2M-772.6%	-$32.8M+92.9%	-$461.7M-163.2%	$731.1M
Dividends Paid	$136.3M-43.1%	$239.4M+4.5%	$229.2M+5.0%	$218.3M+3.2%	$211.5M+3.4%	$204.6M
Share Buybacks	$4.9M-18.3%	$6.0M-90.0%	$60.3M+515.3%	$9.8M-7.5%	$10.6M-35.4%	$16.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$125.9M+49.9%	$84.0M+1135.3%	$6.8M-94.4%	$122.3M+28.1%	$95.5M+1.6%	$94.0M+1641.0%	-$6.1M-104.2%	$146.1M
Capital Expenditures	$15.8M+85.9%	$8.5M-36.1%	$13.3M-39.0%	$21.8M+18.5%	$18.4M+18.7%	$15.5M-40.2%	$25.9M+10.7%	$23.4M
Free Cash Flow	$110.1M+45.8%	$75.5M+1261.5%	-$6.5M-106.5%	$100.5M+30.4%	$77.1M-1.8%	$78.5M+345.3%	-$32.0M-126.1%	$122.7M
Investing Cash Flow	$277.8M+1593.9%	$16.4M+368.9%	-$6.1M+65.7%	-$17.8M-8800.0%	-$200K+97.6%	-$8.2M+21.2%	-$10.4M+25.2%	-$13.9M
Financing Cash Flow	-$312.9M-103.4%	-$153.8M-356.3%	$60.0M+356.4%	-$23.4M+81.9%	-$129.5M+4.2%	-$135.2M-847.0%	$18.1M+137.7%	-$48.0M
Dividends Paid	$6.7M-1.5%	$6.8M+1.5%	$6.7M+1.5%	$6.6M-1.5%	$6.7M-89.1%	$61.7M+0.7%	$61.3M0.0%	$61.3M
Share Buybacks	$100K-66.7%	$300K-85.0%	$2.0M+400.0%	$400K+100.0%	$200K0.0%	$200K-95.1%	$4.1M+720.0%	$500K

LEG Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	17.1%-1.0pp	18.1%-0.7pp	18.8%-1.5pp	20.2%-0.7pp	20.9%-0.4pp	21.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-11.7%-8.8pp	-2.9%-8.8pp	5.9%-1.9pp	7.8%+2.0pp	5.8%-0.7pp	6.5%
Return on Equity	N/A	N/A	18.9%-5.5pp	24.4%+6.7pp	17.8%-5.6pp	23.4%
Return on Assets	-14.0%-11.0pp	-2.9%-8.9pp	6.0%-1.6pp	7.6%+2.3pp	5.3%-1.2pp	6.5%
Current Ratio	2.00+0.5	1.49-0.5	2.02+0.5	1.55-0.1	1.65-0.1	1.70
Debt-to-Equity	2.70+1.4	1.260.0	1.26+0.2	1.09-0.2	1.33-0.2	1.58
FCF Margin	5.1%-3.0pp	8.1%+1.6pp	6.6%+3.3pp	3.2%-9.2pp	12.4%+1.5pp	10.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	18.7%+0.5pp	18.2%-0.4pp	18.6%+2.0pp	16.6%-1.6pp	18.2%+1.7pp	16.5%-0.5pp	17.0%-1.1pp	18.1%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	12.3%+7.3pp	5.0%+2.0pp	3.0%+1.7pp	1.3%-2.7pp	4.1%+57.4pp	-53.4%-56.2pp	2.9%+29.9pp	-27.0%
Return on Equity	13.1%+6.9pp	6.1%+2.0pp	4.1%+2.0pp	2.1%-4.0pp	6.1%-0.3pp	6.4%+3.9pp	2.5%-0.6pp	3.0%
Return on Assets	3.6%+2.2pp	1.4%+0.6pp	0.8%+0.4pp	0.4%-0.8pp	1.2%+16.9pp	-15.7%-16.4pp	0.7%+7.1pp	-6.4%
Current Ratio	2.15-0.0	2.17-0.0	2.20+0.2	2.00+0.5	1.48-0.1	1.53-0.0	1.57+0.1	1.49
Debt-to-Equity	1.54-0.6	2.10-0.5	2.59-0.1	2.70+0.6	2.13-0.4	2.55+1.2	1.38+0.1	1.26
FCF Margin	10.6%+3.5pp	7.1%+7.8pp	-0.6%-10.2pp	9.5%+2.5pp	7.0%+0.0pp	7.0%+9.9pp	-2.9%-14.0pp	11.1%

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Frequently Asked Questions

What is Leggett & Platt Inc's annual revenue?

Leggett & Platt Inc (LEG) reported $4.4B in total revenue for fiscal year 2024. This represents a -7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Leggett & Platt Inc's revenue growing?

Leggett & Platt Inc (LEG) revenue declined by 7.2% year-over-year, from $4.7B to $4.4B in fiscal year 2024.

Is Leggett & Platt Inc profitable?

No, Leggett & Platt Inc (LEG) reported a net income of -$511.5M in fiscal year 2024, with a net profit margin of -11.7%.

What is Leggett & Platt Inc's earnings per share (EPS)?

Leggett & Platt Inc (LEG) reported diluted earnings per share of $-3.73 for fiscal year 2024. This represents a -273.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Leggett & Platt Inc have?

As of fiscal year 2024, Leggett & Platt Inc (LEG) had $350.2M in cash and equivalents against $1.9B in long-term debt.

What is Leggett & Platt Inc's gross margin?

Leggett & Platt Inc (LEG) had a gross margin of 17.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Leggett & Platt Inc's net profit margin?

Leggett & Platt Inc (LEG) had a net profit margin of -11.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Leggett & Platt Inc pay dividends?

Yes, Leggett & Platt Inc (LEG) paid $0.61 per share in dividends during fiscal year 2024.

What is Leggett & Platt Inc's free cash flow?

Leggett & Platt Inc (LEG) generated $224.1M in free cash flow during fiscal year 2024. This represents a -41.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Leggett & Platt Inc's operating cash flow?

Leggett & Platt Inc (LEG) generated $305.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Leggett & Platt Inc's total assets?

Leggett & Platt Inc (LEG) had $3.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Leggett & Platt Inc's capital expenditures?

Leggett & Platt Inc (LEG) invested $81.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Leggett & Platt Inc buy back shares?

Yes, Leggett & Platt Inc (LEG) spent $4.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Leggett & Platt Inc's current ratio?

Leggett & Platt Inc (LEG) had a current ratio of 2.00 as of fiscal year 2024, which is generally considered healthy.

What is Leggett & Platt Inc's debt-to-equity ratio?

Leggett & Platt Inc (LEG) had a debt-to-equity ratio of 2.70 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Leggett & Platt Inc's return on assets (ROA)?

Leggett & Platt Inc (LEG) had a return on assets of -14.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Leggett & Platt Inc's Piotroski F-Score?

Leggett & Platt Inc (LEG) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Leggett & Platt Inc's earnings high quality?

Leggett & Platt Inc (LEG) has an earnings quality ratio of -0.60x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Leggett & Platt Inc?

Leggett & Platt Inc (LEG) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.