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Leggett & Platt, Incorporated
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$1.3B
Market Cap
6.5
P/E
1.12
PEG
8.9%
ROCE
27.5%
ROE
1.62
D/E
6.1%
OPM
-16.6%
% from 52W High
26
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for LEG including FX impact
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📈 Price History
Ratio Health
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About

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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📈 Growth Pattern
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⭐ Superinvestors Holding LEG
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 787.7K $7.8M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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📊 MIXED Leggett & Platt Q4 2025 sales $939M, full year $4.05B, restructuring delivers $70M run rate benefit.
Revenue & Profitability
Q4 2025 sales were $939 million, down 11% YoY. Full year 2025 sales were $4.05 billion, down 7%. Adjusted EBIT for 2025 was $263 million, down $4 million YoY. Adjusted EPS was $1.05, flat YoY. Net debt to adjusted EBITDA improved to 2.4x at year end.
Outlook
Management expects residential markets to remain depressed in 2026 with no recovery built into guidance. The U.S. mattress market is expected flat to up low single digits. Automotive demand faces headwinds from tariffs and export pressures. Overall 2026 sales guidance is $3.8-$4.0 billion.
Growth Drivers
Growth drivers include diversifying Specialty Foam customer base, expanding Textiles into medical nonwovens, gaining share in geo components at home improvement retailers, and building Automotive innovation pipeline for seating comfort and in-car motion systems.
Balance Sheet & CapEx
2026 CapEx guidance is $100-$115 million, up from prior year due to timing of initiatives and replacement of equipment lost in a storage facility fire within the bedding segment.
Margins
Full year 2026 adjusted EBIT margin range is 6.3%-7.0%. Bedding segment margins are expected up 150 bps, Specialized down 150 bps, and FF&T flat. Metal margin expansion and operational efficiency improvements are key drivers.
Key Risks
Key risks include prolonged weakness in residential end markets, customer concentration and disruptions (e.g., financial distress, program changes), trade tariffs and supply chain volatility, and the uncertain outcome of the unsolicited offer from Somni Group.
Generated by AI · Q4 2025 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q4 2025 Q4 2025 2026-02-12
2025 saw significant restructuring, debt reduction, and margin improvement, despite weak residential and automotive markets. 2026 guidance anticipates flat to slightly lower sales and volumes, with margin gains from operational efficiencies and restructuring, and continued focus on deleveraging.
Q3 2025 Q3 2025 2025-10-28
Q3 2025 saw disciplined cost improvements and debt reduction amid soft demand, with sales down 6% year-over-year and adjusted EPS at $0.29. The company reaffirmed guidance, nearly completed restructuring, and is positioned for future growth, especially in bedding and textiles.
Q2 2025 Q2 2025 2025-08-01
Q2 2025 saw earnings growth and margin improvement despite a 6% sales decline, driven by restructuring, cost discipline, and favorable metal margins. Guidance for 2025 was maintained, with continued focus on debt reduction and operational efficiency.
Q1 2025 Q1 2025 2025-04-29
Q1 earnings beat expectations due to restructuring and efficiency gains, despite a 7% sales decline. 2025 guidance is maintained, with lower volume expected in Bedding but offset by steel tariff benefits and strong cash flow. Debt reduction remains a top priority.
Q4 2024 Q4 2024 2025-02-14
2024 saw significant restructuring, cost reductions, and operational improvements, but sales and earnings declined due to weak demand in residential and automotive markets. 2025 guidance anticipates continued volume pressure, restructuring benefits, and a focus on debt reduction and cash flow, with macroeconomic and tariff risks remaining key uncertainties.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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