Stocks LEG Financial statements
Financial statementsLEGGETT & PLATT INC financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data LEGGETT & PLATT INC files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,126 | 4,240 | 4,337 | 4,813 | 4,329 | 5,134 | 5,204 | 4,725 | 4,384 | 4,055 |
| Cost of revenue | 2,848 | 3,061 | 3,381 | 3,729 | 3,376 | 4,034 | 4,170 | 3,872 | 3,635 | 3,311 |
| Gross profit | 902 | 882 | 889 | 1,024 | 904 | 1,038 | 977 | 854 | 749 | 744 |
| Selling, general and administrative | 396 | 401 | 425 | 470 | 424 | 422 | 427 | 465 | 509 | 488 |
| Interest expense | 38.8 | 43.5 | 60.9 | 90.7 | 82.7 | 76.5 | 85.5 | 88.4 | 85.9 | 72.9 |
| Interest income | 3.9 | 7.6 | 8.4 | 7.4 | 3.1 | 2.6 | 4.1 | 5.4 | 6.6 | 6.6 |
| Pre-tax income | 487 | 432 | 384 | 404 | 328 | 522 | 404 | -173 | -509 | 290 |
| Income tax | 120 | 138 | 78.3 | 89.4 | 74.8 | 120 | 93.7 | -36.6 | 2.2 | 54.3 |
| Income from continuing operations | 367 | 294 | 306 | 334 | ||||||
| Net income to minority interests | 0.4 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0 | 0.1 | 0 |
| Net income | 386 | 293 | 306 | 314 | 253 | 402 | 310 | -137 | -512 | 235 |
| EPS, basic | 2.63 | 2.02 | 2.14 | 2.33 | 1.86 | 2.95 | 2.28 | -1.00 | -3.73 | 1.70 |
| EPS, diluted | 2.59 | 2.00 | 2.12 | 2.32 | 1.86 | 2.94 | 2.27 | -1.00 | -3.73 | 1.69 |
| Shares, basic (weighted) | 147 | 145 | 143 | 135 | 136 | 136 | 136 | 136 | 137 | 139 |
| Shares, diluted (weighted) | 149 | 146 | 144 | 135 | 136 | 137 | 137 | 136 | 137 | 140 |
| Dividend per share | 1.26 | 1.33 | 1.41 | 1.58 | 1.60 | 1.66 | 1.74 | 1.82 | 0.61 | 0.20 |
Balance sheet
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 282 | 526 | 268 | 248 | 349 | 362 | 317 | 366 | 350 | 587 |
| Receivables | 451 | 522 | 545 | 564 | 535 | 620 | 609 | 565 | 503 | 434 |
| Inventory | 520 | 571 | 634 | 637 | 692 | 993 | 908 | 820 | 723 | 623 |
| Other current assets | 35.5 | 45.7 | 45.4 | 974 | 54.1 | 58.9 | 59 | 58.9 | 58.3 | 57.7 |
| Total current assets | 1,325 | 1,767 | 1,525 | 1,538 | 1,658 | 2,065 | 1,958 | 1,881 | 1,691 | 1,744 |
| Property, plant and equipment | 566 | 664 | 729 | 831 | 785 | 782 | 772 | 781 | 724 | 664 |
| Lease right-of-use assets | 0 | 159 | 162 | 193 | 195 | 193 | 176 | 138 | ||
| Goodwill | 791 | 822 | 834 | 1,406 | 1,389 | 1,450 | 1,474 | 1,490 | 794 | 751 |
| Intangible assets | 165 | 169 | 179 | 764 | 702 | 708 | 675 | 168 | 140 | 91.3 |
| Other non-current assets | 138 | 129 | 116 | 118 | 105 | 111 | 111 | 121 | 136 | 148 |
| Total assets | 2,984 | 3,551 | 3,382 | 4,855 | 4,800 | 5,307 | 5,186 | 4,635 | 3,662 | 3,536 |
| Accounts payable | 351 | 430 | 465 | 463 | 552 | 614 | 518 | 536 | 498 | 467 |
| Accrued liabilities | 258 | 303 | 263 | 281 | 275 | 285 | 262 | 257 | 242 | 227 |
| Short-term debt | 3.6 | 154 | 1.2 | 51.1 | 50.9 | 301 | 9.4 | 308 | 1.3 | 1.5 |
| Total current liabilities | 707 | 976 | 816 | 928 | 1,006 | 1,336 | 968 | 1,263 | 846 | 775 |
| Long-term debt | 956 | 1,098 | 1,168 | 2,067 | 1,849 | 1,790 | 2,074 | 1,680 | 1,863 | 1,496 |
| Lease liabilities | 0 | 122 | 122 | 153 | 154 | 151 | 131 | 107 | ||
| Other non-current liabilities | 173 | 203 | 155 | 174 | 192 | 163 | 126 | 107 | 82.2 | 83 |
| Total liabilities | 1,890 | 2,360 | 2,175 | 3,475 | 3,375 | 3,659 | 3,545 | 3,301 | 2,971 | 2,514 |
| Total debt | 960 | 1,252 | 1,169 | 2,118 | 1,900 | 2,090 | 2,084 | 1,988 | 1,864 | 1,498 |
| Paid-in capital | 506 | 515 | 527 | 536 | 543 | 558 | 569 | 576 | 569 | 550 |
| Retained earnings | 2,411 | 2,511 | 2,614 | 2,735 | 2,797 | 2,973 | 3,046 | 2,661 | 2,065 | 2,272 |
| Treasury stock | -1,714 | -1,828 | -1,908 | -1,884 | -1,865 | -1,847 | -1,882 | -1,862 | -1,830 | -1,793 |
| Other comprehensive income | -114 | -9.5 | -77.6 | -76.8 | -52.4 | -38.3 | -93.5 | -43.7 | -116 | -9 |
| Shareholders' equity | 1,092 | 1,190 | 1,157 | 1,312 | 1,425 | 1,648 | 1,641 | 1,333 | 689 | 1,022 |
| Minority interests | 2.4 | 0.6 | 0.6 | 0.5 | 0.5 | 0.6 | 0.7 | 0.7 | 0.8 | 0.5 |
| Total equity | 1,094 | 1,191 | 1,207 | 1,342 | 1,425 | 1,649 | 1,641 | 1,334 | 690 | 1,023 |
| Total liabilities and equity | 2,984 | 3,551 | 3,382 | 4,816 | 4,800 | 5,307 | 5,186 | 4,635 | 3,662 | 3,536 |
Cash flow statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 386 | 293 | 306 | 314 | 253 | 403 | 310 | -137 | -511 | 235 |
| Depreciation and amortization | 115 | 126 | 136 | 192 | 189 | 187 | 180 | 180 | 112 | 105 |
| Stock-based compensation | 37.1 | 36.6 | 35.5 | 33 | 29.2 | 34.2 | 30.1 | 27.6 | 26.5 | 19.6 |
| Deferred income tax | 17.7 | 15.4 | -3.4 | 0.8 | -20.9 | -8.5 | -15.7 | -129 | -58 | -20.2 |
| Change in inventory | -33.3 | -48.1 | -54.3 | 73.8 | -31.9 | -305 | 96.1 | 86.5 | 44.7 | 35 |
| Change in payables | 50.8 | 58.8 | 36.2 | -39.4 | 83 | 63.5 | -102 | 13.7 | -27.9 | -27.5 |
| Cash from operations | 553 | 444 | 440 | 668 | 603 | 271 | 441 | 497 | 306 | 338 |
| Capital expenditures | -124 | -159 | -160 | -143 | -66.2 | -107 | -100 | -114 | -81.6 | -57.2 |
| Acquisitions | -29.5 | -39.1 | -109 | -1,265 | 0 | -153 | -83.3 | 0 | 0 | |
| Cash from investing | -102 | -165 | -278 | -1,418 | -49 | -226 | -181 | -91.3 | -36.6 | 293 |
| Debt issued | 0.4 | 493 | 0 | 993 | 0 | 493 | 4.7 | 0.7 | 0 | 0 |
| Debt repaid | -5.4 | -9.2 | -155 | -37.6 | -158 | -307 | -302 | -2 | -300 | -0.1 |
| Stock issued | 4.9 | 2.6 | 4.8 | 9.3 | 1.5 | 3.5 | 0 | 0 | ||
| Share buybacks | -198 | -158 | -112 | -16.4 | -10.6 | -9.8 | -60.3 | -6 | -4.9 | -2.4 |
| Dividends paid | -177 | -186 | -194 | -205 | -212 | -218 | -229 | -239 | -136 | -27 |
| Cash from financing | -402 | -64.5 | -397 | 731 | -462 | -32.8 | -286 | -359 | -270 | -413 |
| Exchange rate effect | -19.7 | 30 | -23.6 | -1.4 | 9.4 | 0.5 | -19.2 | 1.9 | -14.4 | 18.9 |
| Net change in cash | 28.7 | 244 | -258 | -20.5 | 101 | 12.8 | -45.2 | 49 | -15.3 | 237 |
| Free cash flow | 429 | 284 | 281 | 525 | 536 | 165 | 341 | 383 | 224 | 281 |
| Interest paid | 37.5 | 40.1 | 61.8 | 77.3 | 74.8 | 66.6 | 84 | 85.8 | 84.9 | 69.7 |
| Income taxes paid | 112 | 90.6 | 92.8 | 84.2 | 109 | 127 | 125 | 98.8 | 82.4 | 87.2 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Gross margin | 18.9% | Gross profit / revenue. |
| Pre-tax margin | 7.0% | Pre-tax income / revenue. |
| Net margin | 5.6% | Net income / revenue. |
| FCF margin | 4.0% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 6.1% | Cash from operations / revenue. |
| Effective tax rate | 19.7% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 20.3% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 6.1% | Net income / average total assets. |
| SG&A / revenue | 12.5% | Selling, general and administrative expense / revenue. |
| Stock-based pay / revenue | 0.6% | Stock-based compensation (from the cash flow statement) / revenue. |
| Capex / revenue | 2.1% | Capital expenditures / revenue. |
| D&A / revenue | 2.6% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | -7.5% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | -8.0% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | -1.3% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Gross profit growth, 1y | -0.7% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | -8.7% | Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Gross profit CAGR, 5y | -3.8% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income CAGR, 3y | -8.7% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | -1.4% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS CAGR, 3y | -9.4% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | -1.9% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 10.6% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | -8.5% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | -10.9% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | 25.4% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | -6.3% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | -12.1% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | -67.2% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | -51.4% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share CAGR, 5y | -34.0% | Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | 48.3% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | -14.6% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | -6.4% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | -3.4% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | -12.0% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | -5.9% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | 1.7% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | 0.8% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | 0.6% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 2.35x | Current assets / current liabilities. |
| Quick ratio | 1.37x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.70x | (Cash + short-term investments) / current liabilities. |
| Debt / equity | 1.38x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 41.5% | Total debt / total assets. |
| Liabilities / assets | 70.0% | Total liabilities / total assets. |
| Net debt | $951.0M | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Working capital | $1.05B | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 23.0% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | $253.7M | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 1.08x | Revenue / average total assets. |
| Fixed asset turnover | 6.02x | Revenue / average property, plant and equipment. |
| Inventory turnover | 4.95x | Cost of revenue / average inventory. |
| Days inventory | 74 days | 365 x average inventory / cost of revenue. |
| Receivables turnover | 7.51x | Revenue / average receivables. |
| Days sales outstanding | 49 days | 365 x average receivables / revenue. |
| Days payables | 55 days | 365 x average accounts payable / cost of revenue. |
| Cash conversion cycle | 67 days | Days inventory + days sales outstanding - days payables. |
| FCF conversion | 71.5% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 33.8% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $1.55 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $27.49 | Revenue / diluted weighted shares. |
| FCF per share | $1.11 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $1.67 | Cash from operations / diluted weighted shares. |
| Book value per share | $7.64 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | $1.79 | Tangible book value / shares outstanding. |
| Cash per share | $3.85 | (Cash + short-term investments) / shares outstanding. |
| Payout ratio | 12.4% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 17.3% | Dividends paid / free cash flow, when free cash flow is positive. |
| Buybacks / FCF | 2.4% | Share buybacks / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $1.26B | Share price x shares outstanding. |
| Enterprise value | $2.21B | Market cap + total debt - cash - short-term investments. |
| P/E | 5.73x | Market cap / net income. Only when net income is positive. |
| P/S | 0.32x | Market cap / revenue. |
| P/B | 1.16x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 4.95x | Market cap / tangible book value, when positive. |
| P/FCF | 8.01x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 5.30x | Market cap / cash from operations, when positive. |
| EV/Sales | 0.57x | Enterprise value / revenue. |
| EV/FCF | 14.1x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 12.5% | Free cash flow / market cap. |
| Earnings yield | 17.5% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 2.2% | Dividends paid over the period / market cap. |
| Shareholder yield | 2.5% | (Dividends paid + share buybacks) / market cap. |
What was LEGGETT & PLATT INC's revenue in fiscal 2025?
LEGGETT & PLATT INC reported revenue of $4.06B for fiscal 2025, 7.5% lower than the year before.
Was LEGGETT & PLATT INC profitable in fiscal 2025?
Yes. Net income was $235.4M, a net margin of 5.8%.
How much free cash flow did LEGGETT & PLATT INC generate in fiscal 2025?
Cash from operations of $338.2M minus capital expenditures of $57.2M left free cash flow of $281.0M.