Leggett & Platt (LEG)
Market Price (12/4/2025): $11.37 | Market Cap: $1.6 BilSector: Consumer Discretionary | Industry: Home Furnishings
Leggett & Platt (LEG)
Market Price (12/4/2025): $11.37Market Cap: $1.6 BilSector: Consumer DiscretionaryIndustry: Home Furnishings
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 2.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 23% | Weak multi-year price returns2Y Excs Rtn is -97%, 3Y Excs Rtn is -136% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 98% |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Advanced Aviation & Space. Themes include Specialty Chemicals for Performance, Lightweight Composites, Show more. | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.6%, Rev Chg QQuarterly Revenue Change % is -5.9% |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 2.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 23% |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Advanced Aviation & Space. Themes include Specialty Chemicals for Performance, Lightweight Composites, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -97%, 3Y Excs Rtn is -136% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 98% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.6%, Rev Chg QQuarterly Revenue Change % is -5.9% |
Valuation, Metrics & Events
LEG Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
1. Unsolicited Acquisition Proposal
On December 1, 2025, Leggett & Platt (LEG) confirmed receiving an unsolicited, non-binding proposal from Somnigroup International Inc. (SGI) to acquire all outstanding shares in an all-stock transaction. This proposal valued Leggett & Platt at $12.00 per share, representing a 30.3% premium over the average closing price during the preceding 30 trading days. The announcement led to significant surges in Leggett & Platt's stock price, with reports of a 14.96% increase on December 1 and a 13.4% rise on December 2.
2. Q3 2025 Earnings Report
Leggett & Platt released its third-quarter 2025 earnings on October 27, 2025, reporting adjusted earnings per share (EPS) of $0.29 and revenue of $1.04 billion. While adjusted EPS slightly missed consensus estimates in some reports, revenue exceeded analyst projections. The company also reaffirmed the midpoint of its full-year 2025 sales and adjusted EPS guidance, narrowing the previous range.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LEG Return | -9% | -4% | -18% | -13% | -62% | 23% | -71% |
| Peers Return | 8% | 24% | -31% | 31% | 2% | 13% | 41% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| LEG Win Rate | 67% | 58% | 42% | 25% | 25% | 50% | |
| Peers Win Rate | 63% | 65% | 38% | 52% | 47% | 50% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| LEG Max Drawdown | -55% | -11% | -22% | -27% | -62% | -31% | |
| Peers Max Drawdown | -57% | -8% | -41% | -13% | -19% | -21% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: MHK, HNI, SGI, LZB, LEG. See LEG Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | LEG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -61.1% | -25.4% |
| % Gain to Breakeven | 157.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -56.4% | -33.9% |
| % Gain to Breakeven | 129.6% | 51.3% |
| Time to Breakeven | 407 days | 148 days |
| 2018 Correction | ||
| % Loss | -36.9% | -19.8% |
| % Gain to Breakeven | 58.4% | 24.7% |
| Time to Breakeven | 316 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -25.9% | -56.8% |
| % Gain to Breakeven | 35.0% | 131.3% |
| Time to Breakeven | 17 days | 1480 days |
Compare to MHK, HNI, SGI, LZB, LEG
In The Past
Leggett & Platt's stock fell -61.1% during the 2022 Inflation Shock from a high on 5/10/2021. A -61.1% loss requires a 157.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
| Title | Topic | Date | |
|---|---|---|---|
| DASHBOARDS | |||
| Does Leggett & Platt Stock Lead the Pack? | |||
| Leggett & Platt Stock Jump Looks Great, But How Secure Is That Gain? | Return | ||
| Leggett & Platt (LEG) Debt Comparison | Financials | ||
| Leggett & Platt (LEG) Operating Cash Flow Comparison | Financials | ||
| Leggett & Platt (LEG) Net Income Comparison | Financials | ||
| Leggett & Platt (LEG) Operating Income Comparison | Financials | ||
| Leggett & Platt (LEG) Tax Expense Comparison | Financials | ||
| Leggett & Platt (LEG) EBITDA Comparison | Financials | ||
| Leggett & Platt (LEG) Revenue Comparison | Financials | ||
| LEG Dip Buy Analysis | |||
| ARTICLES | |||
| Leggett & Platt Stock vs Competition: Who Wins? | December 2nd, 2025 |
Trade Ideas
Select past ideas related to LEG. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 6.8% | 6.8% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.5% | 0.5% | 0.0% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -2.6% | -2.6% | -2.6% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.7% | 3.7% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.3% | 1.3% | -1.6% |
| 06302022 | LEG | Leggett & Platt | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.4% | -9.6% | -11.9% |
| 05312020 | LEG | Leggett & Platt | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 47.9% | 87.1% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 6.8% | 6.8% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.5% | 0.5% | 0.0% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -2.6% | -2.6% | -2.6% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.7% | 3.7% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.3% | 1.3% | -1.6% |
| 06302022 | LEG | Leggett & Platt | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.4% | -9.6% | -11.9% |
| 05312020 | LEG | Leggett & Platt | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 47.9% | 87.1% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Leggett & Platt
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 41.91 |
| Mkt Cap | 1.9 |
| Rev LTM | 4,173 |
| Op Inc LTM | 243 |
| FCF LTM | 280 |
| FCF 3Y Avg | 333 |
| CFO LTM | 339 |
| CFO 3Y Avg | 422 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.2% |
| Rev Chg 3Y Avg | -3.2% |
| Rev Chg Q | 1.4% |
| QoQ Delta Rev Chg LTM | 0.4% |
| Op Mgn LTM | 6.9% |
| Op Mgn 3Y Avg | 7.2% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 9.3% |
| CFO/Rev 3Y Avg | 9.9% |
| FCF/Rev LTM | 6.7% |
| FCF/Rev 3Y Avg | 7.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.9 |
| P/S | 0.7 |
| P/EBIT | 11.2 |
| P/E | 16.6 |
| P/CFO | 8.6 |
| Total Yield | 8.1% |
| Dividend Yield | 1.5% |
| FCF Yield 3Y Avg | 8.5% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 14.5% |
| 3M Rtn | 7.3% |
| 6M Rtn | 14.0% |
| 12M Rtn | -9.8% |
| 3Y Rtn | 58.8% |
| 1M Excs Rtn | 14.5% |
| 3M Excs Rtn | -0.6% |
| 6M Excs Rtn | -0.7% |
| 12M Excs Rtn | -23.4% |
| 3Y Excs Rtn | -11.3% |
Comparison Analyses
Segment Financials
Assets by Segment
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Unallocated assets | 2,403 | 2,841 | 2,828 | 2,759 | |
| Bedding Products | 815 | 931 | 836 | 739 | 830 |
| Average current liabilities included in segment numbers above | 736 | 794 | 814 | 665 | 735 |
| Specialized Products | 399 | 350 | 317 | 300 | 346 |
| Furniture, Flooring & Textile Products | 390 | 423 | 374 | 349 | 383 |
| Difference between average assets and year-end balance sheet | -109 | -153 | 138 | -11 | -129 |
| Unallocated asset and other | 2,651 | ||||
| Total | 4,634 | 5,186 | 5,307 | 4,800 | 4,816 |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10312025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5072025 | 10-Q 3/31/2025 |
| 12312024 | 2262025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8072024 | 10-Q 6/30/2024 |
| 3312024 | 5082024 | 10-Q 3/31/2024 |
| 12312023 | 2272024 | 10-K 12/31/2023 |
| 9302023 | 11072023 | 10-Q 9/30/2023 |
| 6302023 | 8082023 | 10-Q 6/30/2023 |
| 3312023 | 5042023 | 10-Q 3/31/2023 |
| 12312022 | 2242023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 2222022 | 10-K 12/31/2021 |
External Quote Links
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| FinViz |