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LEGLeggett & Platt, Incorporated
$11.24$1.5B
Overview & Verdict
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LEG logoLeggett & Platt, Incorporated(LEG)Earnings, Financials & Key Ratios

LEG•NYSE
$11.24
6.7× P/E·Price updated Jul 7, 2026
SectorConsumer CyclicalIndustryHome FurnishingsSub-IndustrySpecialty Components and Commercial Equipment
AboutLeggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress 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; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile OEMs and Tier 1 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware for reclining chairs, sofas, sleeper sofas and lift chairs; springs and seat suspensions; components and private label finished goods for soft seating; and bases, columns, back rests, casters, and frames, as well as control devices for chairs. Further, it offers carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components to manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. The company was founded in 1883 and is based in Carthage, Missouri.Show more
  • Revenue$4.06B-7.4%
  • EBITDA$368M+3.8%
  • Net Income$235M+146.0%
  • EPS (Diluted)1.69+145.3%
  • Gross Margin18.07%+5.7%
  • EBITDA Margin9.07%+12.2%
  • Operating Margin6.09%+22.2%
  • Net Margin5.8%+149.7%
  • ROE27.49%+154.4%

LEG Price & Volume

Leggett & Platt, Incorporated (LEG) stock price & volume — 10-year historical chart

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Cyclical Headwinds Challenge Leggett and Platt Profitability

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Cyclical Volume Deleveraging

Key Thesis Takeaways

  • Leggett & Platt faces a difficult structural transition as persistent revenue contraction, evidenced by a 10.3% year-over-year decline in 2026Q1, continues to pressure its high fixed-cost industrial model.
  • While management has successfully improved the current ratio to 2.33, the company remains vulnerable to volatile working capital requirements and limited pricing power in its core bedding and furniture segments.
  • Investors should monitor the sustainability of earnings quality, as the company pivots toward capital preservation following a significant reduction in quarterly dividend payments from $61.3 million in 2023Q4 to $6.8 million in 2026Q1.

Verdict Logic

the company's OCF/NI ratio of negative 2.81 in 2026Q1 highlights severe volatility in earnings quality that warrants caution despite the current 6.91 TTM P/E valuation.

LEG Growth Metrics

Leggett & Platt, Incorporated (LEG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years0.35%
5 Years-1.06%
3 Years-7.62%
TTM-8.31%

Profit CAGR

10 Years-3.18%
5 Years-1.43%
3 Years-8.75%
TTM143.86%

EPS CAGR

10 Years-2.95%
5 Years-1.9%
3 Years-9.37%
TTM143.05%

Return on Capital

10 Years13.19%
5 Years10.07%
3 Years8.11%
Last Year8.86%

LEG Recent Earnings

Leggett & Platt, Incorporated (LEG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.15-42.3%
$0.26
Rev
$918M-3.0%
$947M
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$0.22+0.0%
$0.22
Rev
$939M-0.0%
$939M
Q4 2025
Oct 27, 2025
Metric
Actual
Est
EPS
$0.29-3.3%
$0.30
Rev
$1.0B+10.4%
$939M
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$0.30+3.4%
$0.29
Rev
$1.1B+4.2%
$1.0B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.15vs $0.26-42.3%
$918Mvs $947M-3.0%
Q1 2026Feb 11, 2026
$0.22vs $0.22+0.0%
$939Mvs $939M-0.0%
Q4 2025Oct 27, 2025
$0.29vs $0.30-3.3%
$1.0Bvs $939M+10.4%
Q3 2025Jul 31, 2025
$0.30vs $0.29+3.4%
$1.1Bvs $1.0B+4.2%
Based on last 12 quarters of dataView full earnings history →

Latest LEG News

Recent stock market news and headlines for Leggett & Platt, Incorporated (LEG)

Accesswire·Jun 22, 2026
Leggett Dynamics Launches Mid-Class Massage System & Makes Luxury Comfort Accessible on High-Volume Programs

DETROIT, MI / ACCESS Newswire / June 22, 2026 / Leggett Dynamics today launched its Mid-Class Massage System (MCM), a breakthrough non-electronic innovation that makes premium massage more accessible beyond the luxury vehicle segment. Now in production with a global OEM, MCM was also shortlisted for the 2026 Auto Tech Partnership Award for industry-leading innovation and collaboration.

Accesswire·Jun 16, 2026
Leggett Dynamics Launches Smart Brushless Motor & Advances Quiet, Software-Defined Comfort & Motion

Reduces Complexity & Cost, Improves Performance, Supports Next-Gen Architectures DETROIT, MI / ACCESS Newswire / June 16, 2026 / Leggett Dynamics today launched its Smart Brushless Motor, a next-generation motion system that simplifies design and vehicle integration, improves NVH and durability and supports evolving software architectures across seating and other motion-control applications. Less Complexity, More Capability Unlike conventional systems, Leggett Dynamics' Smart Brushless Motor can operate with or without a seat-level electronic control unit (ECU), enabling direct communication from the vehicle-level ECU to individual actuators.

Peers Comparison

Key metrics vs top competitors for Leggett & Platt, Incorporated (LEG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LEG logoLEGLeggett & Platt, IncorporatedCurrent
$11.24$1.53B6.65-7.43%5.8%27.49%1.72%
MHK logoMHKMohawk Industries, Inc.
$112.88$6.91B19.04-0.48%3.77%4.96%—
SNA logoSNASnap-on Incorporated
$408.74$21.17B21.300.93%19.99%17.4%—
SON logoSONSonoco Products Company
$56.49$5.57B14.1941.72%13.83%30.03%—
SEE logoSEESealed Air Corporation
$42.15$6.21B12.29-0.61%9.43%48.39%—
ALLE logoALLEAllegion plc
$139.32$11.97B18.737.82%15.24%32.08%—

Compare LEG vs Peers

Leggett & Platt, Incorporated (LEG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MHK

Most directly comparable listed peer for LEG.

Scale Benchmark

vs HD

Larger-name benchmark to compare LEG against a more recognizable public peer.

Peer Set

Compare Top 5

vs MHK, SNA, SON, SEE

LEG SEC Filings & Documents

Leggett & Platt, Incorporated (LEG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Apr 13, 2026·SEC

Material company update

Feb 24, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 26, 2026·SEC

10-Q Quarterly Reports

2
FY 2026

May 7, 2026·SEC

FY 2025

Oct 31, 2025·SEC

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LEG Frequently Asked Questions

Leggett & Platt, Incorporated (LEG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Leggett & Platt, Incorporated's revenue?

Leggett & Platt, Incorporated (LEG) reported $3.95B in revenue for fiscal year 2025. This represents a 60% increase from $2.47B in 1996.

How fast is Leggett & Platt, Incorporated growing?

Leggett & Platt, Incorporated (LEG) saw revenue decline by 7.4% over the past year.

Is LEG profitable?

Yes, Leggett & Platt, Incorporated (LEG) is profitable, generating $224.8M in net income for fiscal year 2025 (5.8% net margin).

Dividend & Returns
Does LEG pay dividends?

Yes, Leggett & Platt, Incorporated (LEG) pays a dividend with a yield of 1.72%. This makes it attractive for income-focused investors.

What is LEG's return on equity?

Leggett & Platt, Incorporated (LEG) has a return on equity (ROE) of 27.5%. This is excellent, indicating efficient use of shareholder capital.

What is Leggett & Platt, Incorporated's free cash flow?

Leggett & Platt, Incorporated (LEG) generated $207.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in LEG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →