Somnigroup International (SGI)
Market Price (10/26/2026): $64.69 | Market Cap: $14.9 BilSector: Consumer Discretionary | Industry: Home Furnishings
Somnigroup International (SGI)
Market Price (10/26/2026): $64.69Market Cap: $14.9 BilSector: Consumer DiscretionaryIndustry: Home Furnishings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 27% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% Attractive yieldFCF Yield is 5.7% Low stock price volatilityVol 12M is 42% Megatrend and thematic driversMegatrends include Digital Health & Telemedicine. Themes include Remote Patient Monitoring, Wearable Health Devices, and Health Data Analytics. | Weak multi-year price returns3Y Excs Rtn is -14% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -3.0% Key risksSGI key risks include [1] high debt levels and a rich stock valuation, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 27% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Attractive yieldFCF Yield is 5.7% |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Digital Health & Telemedicine. Themes include Remote Patient Monitoring, Wearable Health Devices, and Health Data Analytics. |
| Weak multi-year price returns3Y Excs Rtn is -14% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -3.0% |
| Key risksSGI key risks include [1] high debt levels and a rich stock valuation, Show more. |
Qualitative Assessment
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Updated on 10/1/2026
Somnigroup International (SGI) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Disappointing Q2 2026 Revenue and Weakened Industry Outlook. Somnigroup International reported its fiscal Q2 2026 results on August 6, 2026, with revenue falling 3.0% year-over-year to $1.82 billion, missing analysts' consensus estimates by $60 million, despite meeting EPS expectations of $0.58. The company also noted a challenging global bedding market, which was expected to be down mid-single digits for fiscal year 2026, a more conservative outlook than previously anticipated. This combination of a revenue miss and a weaker industry forecast contributed to a negative market reaction, with SGI's stock closing 6.77% lower on August 6, 2026.
2. Shareholder Dilution and Execution Risks from Leggett & Platt Acquisition. Somnigroup International completed its all-stock acquisition of Leggett & Platt for approximately $2.5 billion on August 26, 2026. While the acquisition aimed to create synergies, concerns about significant shareholder dilution due to the all-stock nature of the deal weighed on investor sentiment. Despite an increased annual cost synergy target from $50 million to $75 million, analysts highlighted increased execution risk associated with integrating the 140-year-old components maker into Somnigroup's operations, leading to investor caution. An analyst report in September 2026 specifically cited "heavy dilution" and "high debt" from the all-stock acquisition as factors undermining long-term value.
Show more
Somnigroup International (SGI) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Disappointing Q2 2026 Revenue and Weakened Industry Outlook. Somnigroup International reported its fiscal Q2 2026 results on August 6, 2026, with revenue falling 3.0% year-over-year to $1.82 billion, missing analysts' consensus estimates by $60 million, despite meeting EPS expectations of $0.58. The company also noted a challenging global bedding market, which was expected to be down mid-single digits for fiscal year 2026, a more conservative outlook than previously anticipated. This combination of a revenue miss and a weaker industry forecast contributed to a negative market reaction, with SGI's stock closing 6.77% lower on August 6, 2026.
2. Shareholder Dilution and Execution Risks from Leggett & Platt Acquisition. Somnigroup International completed its all-stock acquisition of Leggett & Platt for approximately $2.5 billion on August 26, 2026. While the acquisition aimed to create synergies, concerns about significant shareholder dilution due to the all-stock nature of the deal weighed on investor sentiment. Despite an increased annual cost synergy target from $50 million to $75 million, analysts highlighted increased execution risk associated with integrating the 140-year-old components maker into Somnigroup's operations, leading to investor caution. An analyst report in September 2026 specifically cited "heavy dilution" and "high debt" from the all-stock acquisition as factors undermining long-term value.
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Updated on 10/1/2026
Somnigroup International (SGI) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Disappointing Q2 2026 Revenue and Weakened Industry Outlook. Somnigroup International reported its fiscal Q2 2026 results on August 6, 2026, with revenue falling 3.0% year-over-year to $1.82 billion, missing analysts' consensus estimates by $60 million, despite meeting EPS expectations of $0.58. The company also noted a challenging global bedding market, which was expected to be down mid-single digits for fiscal year 2026, a more conservative outlook than previously anticipated. This combination of a revenue miss and a weaker industry forecast contributed to a negative market reaction, with SGI's stock closing 6.77% lower on August 6, 2026.
2. Shareholder Dilution and Execution Risks from Leggett & Platt Acquisition. Somnigroup International completed its all-stock acquisition of Leggett & Platt for approximately $2.5 billion on August 26, 2026. While the acquisition aimed to create synergies, concerns about significant shareholder dilution due to the all-stock nature of the deal weighed on investor sentiment. Despite an increased annual cost synergy target from $50 million to $75 million, analysts highlighted increased execution risk associated with integrating the 140-year-old components maker into Somnigroup's operations, leading to investor caution. An analyst report in September 2026 specifically cited "heavy dilution" and "high debt" from the all-stock acquisition as factors undermining long-term value.
3. Broader Economic Headwinds and Cost Pressures. Operating within the consumer cyclical sector, Somnigroup International faced macroeconomic challenges during the period. The global bedding industry experienced a decline, reflecting broader economic inflation and rising operating costs that impacted consumer spending. These persistent financial constraints and cost increases, particularly in areas like labor and raw materials, created headwinds for the company's profitability and growth prospects, contributing to the stock's decline.
Show less
Somnigroup International (SGI) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Disappointing Q2 2026 Revenue and Weakened Industry Outlook. Somnigroup International reported its fiscal Q2 2026 results on August 6, 2026, with revenue falling 3.0% year-over-year to $1.82 billion, missing analysts' consensus estimates by $60 million, despite meeting EPS expectations of $0.58. The company also noted a challenging global bedding market, which was expected to be down mid-single digits for fiscal year 2026, a more conservative outlook than previously anticipated. This combination of a revenue miss and a weaker industry forecast contributed to a negative market reaction, with SGI's stock closing 6.77% lower on August 6, 2026.
2. Shareholder Dilution and Execution Risks from Leggett & Platt Acquisition. Somnigroup International completed its all-stock acquisition of Leggett & Platt for approximately $2.5 billion on August 26, 2026. While the acquisition aimed to create synergies, concerns about significant shareholder dilution due to the all-stock nature of the deal weighed on investor sentiment. Despite an increased annual cost synergy target from $50 million to $75 million, analysts highlighted increased execution risk associated with integrating the 140-year-old components maker into Somnigroup's operations, leading to investor caution. An analyst report in September 2026 specifically cited "heavy dilution" and "high debt" from the all-stock acquisition as factors undermining long-term value.
3. Broader Economic Headwinds and Cost Pressures. Operating within the consumer cyclical sector, Somnigroup International faced macroeconomic challenges during the period. The global bedding industry experienced a decline, reflecting broader economic inflation and rising operating costs that impacted consumer spending. These persistent financial constraints and cost increases, particularly in areas like labor and raw materials, created headwinds for the company's profitability and growth prospects, contributing to the stock's decline.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -17.3% change in SGI stock from 6/30/2026 to 10/24/2026 was primarily driven by a -19.1% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 78.20 | 64.68 | -17.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,673 | 7,616 | -0.7% |
| Net Income Margin (%) | 6.8% | 7.0% | 3.1% |
| P/E Multiple | 31.5 | 25.5 | -19.1% |
| Shares Outstanding (Mil) | 210 | 210 | 0.0% |
| Cumulative Contribution | -17.3% |
Market Drivers
6/30/2026 to 10/24/2026| Return | Correlation | |
|---|---|---|
| SGI | -17.3% | |
| Market (SPY) | 1.8% | 38.9% |
| Sector (XLY) | -3.6% | 43.9% |
Fundamental Drivers
The -12.0% change in SGI stock from 3/31/2026 to 10/24/2026 was primarily driven by a -36.5% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 73.54 | 64.68 | -12.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,476 | 7,616 | 1.9% |
| Net Income Margin (%) | 5.1% | 7.0% | 36.3% |
| P/E Multiple | 40.2 | 25.5 | -36.5% |
| Shares Outstanding (Mil) | 210 | 210 | -0.2% |
| Cumulative Contribution | -12.0% |
Market Drivers
3/31/2026 to 10/24/2026| Return | Correlation | |
|---|---|---|
| SGI | -12.0% | |
| Market (SPY) | 17.2% | 46.8% |
| Sector (XLY) | 4.0% | 53.6% |
Fundamental Drivers
The -22.6% change in SGI stock from 9/30/2025 to 10/24/2026 was primarily driven by a -60.9% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 83.58 | 64.68 | -22.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,993 | 7,616 | 27.1% |
| Net Income Margin (%) | 4.5% | 7.0% | 56.7% |
| P/E Multiple | 65.3 | 25.5 | -60.9% |
| Shares Outstanding (Mil) | 209 | 210 | -0.6% |
| Cumulative Contribution | -22.6% |
Market Drivers
9/30/2025 to 10/24/2026| Return | Correlation | |
|---|---|---|
| SGI | -22.6% | |
| Market (SPY) | 15.0% | 43.5% |
| Sector (XLY) | -5.0% | 48.2% |
Fundamental Drivers
The 53.5% change in SGI stock from 9/30/2023 to 10/24/2026 was primarily driven by a 53.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302023 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.13 | 64.68 | 53.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,948 | 7,616 | 53.9% |
| Net Income Margin (%) | 8.3% | 7.0% | -15.9% |
| P/E Multiple | 17.6 | 25.5 | 45.0% |
| Shares Outstanding (Mil) | 172 | 210 | -18.2% |
| Cumulative Contribution | 53.5% |
Market Drivers
9/30/2023 to 10/24/2026| Return | Correlation | |
|---|---|---|
| SGI | 53.5% | |
| Market (SPY) | 83.9% | 48.6% |
| Sector (XLY) | 43.7% | 52.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SGI Return | 76% | -26% | 50% | 12% | 59% | -26% | 159% |
| Peers Return | -32% | -41% | -46% | -43% | 3% | 126% | -71% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| SGI Win Rate | 75% | 33% | 58% | 67% | 75% | 40% | |
| Peers Win Rate | 46% | 38% | 33% | 25% | 46% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SGI Max Drawdown | -15% | -57% | -22% | -20% | -21% | -37% | |
| Peers Max Drawdown | -55% | -52% | -65% | -63% | -48% | -63% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LEG, PRPL.
[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] 2026 data is for the year up to 10/23/2026 (YTD)
How Low Can It Go
| Event | SGI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -18.3% | -18.8% |
| % Gain to Breakeven | 22.3% | 23.1% |
| Time to Breakeven | 38 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.9% | -9.5% |
| % Gain to Breakeven | 26.4% | 10.5% |
| Time to Breakeven | 29 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -13.0% | -6.7% |
| % Gain to Breakeven | 14.9% | 7.1% |
| Time to Breakeven | 35 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -56.7% | -24.5% |
| % Gain to Breakeven | 130.8% | 32.4% |
| Time to Breakeven | 441 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -74.5% | -33.7% |
| % Gain to Breakeven | 292.1% | 50.9% |
| Time to Breakeven | 211 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.6% | -19.2% |
| % Gain to Breakeven | 36.2% | 23.8% |
| Time to Breakeven | 32 days | 105 days |
In The Past
Somnigroup International's stock fell -18.3% during the 2025 US Tariff Shock. Such a loss loss requires a 22.3% gain to breakeven.
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| Event | SGI | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.9% | -9.5% |
| % Gain to Breakeven | 26.4% | 10.5% |
| Time to Breakeven | 29 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -56.7% | -24.5% |
| % Gain to Breakeven | 130.8% | 32.4% |
| Time to Breakeven | 441 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -74.5% | -33.7% |
| % Gain to Breakeven | 292.1% | 50.9% |
| Time to Breakeven | 211 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.6% | -19.2% |
| % Gain to Breakeven | 36.2% | 23.8% |
| Time to Breakeven | 32 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -29.8% | -3.7% |
| % Gain to Breakeven | 42.4% | 3.9% |
| Time to Breakeven | 101 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -32.8% | -12.2% |
| % Gain to Breakeven | 48.9% | 13.9% |
| Time to Breakeven | 182 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -23.3% | -0.2% |
| % Gain to Breakeven | 30.4% | 0.2% |
| Time to Breakeven | 94 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.1% | -17.9% |
| % Gain to Breakeven | 39.2% | 21.8% |
| Time to Breakeven | 21 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -85.7% | -53.4% |
| % Gain to Breakeven | 597.5% | 114.4% |
| Time to Breakeven | 344 days | 1085 days |
In The Past
Somnigroup International's stock fell -18.3% during the 2025 US Tariff Shock. Such a loss loss requires a 22.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Somnigroup International (SGI)
Somnigroup International Inc. (SGI) is a global leader in the bedding industry, specializing in the design, manufacturing, distribution, and retail of a comprehensive range of sleep products. The company is renowned for its premium mattress brands, which include Tempur-Pedic, Sealy, Stearns & Foster, and Cocoon by Sealy.
Beyond mattresses, SGI offers a full suite of sleep solutions such as foundations, adjustable bases, pillows, mattress covers, sheets, cushions, and various comfort accessories. The company reaches its diverse customer base through multiple channels: its own portfolio of retail brands like Tempur-Pedic stores and Sleep Outfitters, direct online sales, and call centers, as well as an extensive network of third-party retailers including hospitality and healthcare providers. Additionally, SGI licenses its established brands and technology to other manufacturers, expanding its market presence across the United States and internationally.
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Here are a few brief analogies for Somnigroup International (SGI):
The Procter & Gamble of the mattress industry.
Like General Motors, but for bedding products.
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- Mattresses: The primary bedding product designed, manufactured, and distributed by the company.
- Foundations and Adjustable Foundations: Support systems for mattresses, including those with adjustable positioning capabilities.
- Adjustable Bases: Motorized bases that allow for custom positioning of mattresses.
- Bedding Accessories: A variety of other products such as pillows, mattress covers, sheets, cushions, and various comfort items.
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Somnigroup International (SGI) sells its products to a diverse customer base, primarily serving individual consumers and households both directly and indirectly. The company's sales channels include its own retail stores, online platforms, and call centers, alongside sales through third-party retailers, and to the hospitality and healthcare sectors. The company also licenses its brands and technology to other manufacturers.
Given Somnigroup's significant direct-to-consumer sales channels (company-owned stores, online, and call centers) and its portfolio of retail brands, coupled with the nature of its products (bedding for personal use), the company primarily serves individuals. Its major customer categories are:
- Home Consumers/Households: These are individuals and families purchasing mattresses, foundations, adjustable bases, pillows, and other bedding accessories for personal use in their homes. This category includes customers buying directly from Somnigroup's owned retail stores (e.g., Tempur-Pedic retail stores, Sleep Outfitters), online, through call centers, and those who purchase through various third-party retailers.
- Hospitality Guests: This category encompasses individuals staying in hotels, resorts, and other lodging establishments that have furnished their rooms with Somnigroup's branded bedding products. While the direct transaction is with the hospitality business, the ultimate customer experiencing and utilizing the product is the guest.
- Healthcare Patients: This category includes individuals receiving care or residing in hospitals, nursing homes, and other healthcare facilities that provide Somnigroup's specialized bedding solutions. Similar to the hospitality sector, the product ultimately serves the comfort and needs of individual patients, even though the sale is to the healthcare provider.
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Scott L. Thompson Chairman, President and Chief Executive Officer
Scott L. Thompson has served as Chairman, President, and Chief Executive Officer of Somnigroup International since September 2015. Prior to joining Somnigroup, he served as Chairman of the Board of Directors, Chief Executive Officer, and President of Dollar Thrifty Automotive Group, Inc. until its acquisition by Hertz Global Holdings, Inc. in 2012. He was a founder of Group 1 Automotive, Inc., a NYSE and Fortune 500 company, where he served as Senior Executive Vice President, Chief Financial Officer, and Treasurer. Mr. Thompson has also served as a consultant to private equity firms and has been involved in numerous acquisitions and divestitures.
Bhaskar Rao Executive Vice President and Chief Financial Officer
Bhaskar Rao was appointed Executive Vice President and Chief Financial Officer of Somnigroup International in October 2017. He joined the company in 2004 after a nine-year career at major public accounting firms Arthur Andersen and Ernst & Young. Before his CFO role, he held various leadership positions within the finance organization, including Senior Vice President and Chief Accounting Officer from 2011 to 2017.
David Montgomery Executive Vice President, Business Development
David Montgomery joined Somnigroup International in February 2003. He served as Executive Vice President and President of International Operations until 2019, and currently holds the role of Executive Vice President, Global Business Strategy and Development, overseeing global business strategy, development, and licensing. Previously, Mr. Montgomery was President of Rubbermaid Europe at Rubbermaid, Inc. from 2001 to 2002.
Tom Murray Executive Vice President, Chief Marketing Officer
Tom Murray joined Somnigroup International in May 2018. He served as Executive Vice President and Chief Marketing Officer of Tempur Sealy U.S. until 2025, and then as Somnigroup Executive Vice President, Special Projects, before his appointment as Chief Marketing Officer in 2026. His earlier career included a tenure at The Gillette Company (which became part of Procter & Gamble Company) from 1994 to 2007, and senior marketing roles at consumer technology companies such as TomTom, Carbonite, and ADT.
Kindel Nuño Executive Vice President, CHRO and General Counsel
Kindel Nuño was appointed Chief Human Resources Officer of Somnigroup International in May 2025, and her role expanded to include General Counsel in October 2025. In this capacity, she oversees all legal matters, compensation and benefit programs, HR policies, and communications. Prior to joining Somnigroup, Ms. Nuño served as Executive Vice President, Legal and General Counsel at Mattress Firm, Inc. from January 2014 to May 2025.
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The key risks to Somnigroup International (SGI) include:
- High Leverage and Debt Service Costs: Somnigroup International carries a significant debt load, largely due to its acquisition of Mattress Firm, which required substantial borrowing. The company's total debt is approximately $6.7 billion, with a leverage ratio around 6.5x debt-to-EBITDA, which is considerably above the industry comfort zone. This high leverage results in substantial debt service costs, impacting corporate operating income and potentially limiting the company's financial flexibility.
- Sensitivity to Macroeconomic Conditions and Consumer Discretionary Spending: The demand for mattresses and bedding products is highly cyclical and sensitive to broader macroeconomic conditions. Factors such as housing market activity, consumer confidence, inflation, and recession fears directly influence consumer discretionary purchases of big-ticket items like mattresses. A slowdown in these areas can lead to reduced sales and revenue for Somnigroup International, as evidenced by declining North America revenues in fiscal year 2025 due to a housing slowdown.
- Integration Risks and Thin Margins of Acquired Businesses: The successful integration of significant acquisitions, such as Mattress Firm, is crucial for Somnigroup International. There is a risk that the anticipated synergies and benefits from these acquisitions may not be fully realized or may take longer to achieve than expected. Furthermore, acquired businesses like Mattress Firm operate with relatively thin margins, which are highly susceptible to fluctuations in store-level traffic and competitive pressures.
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Addressable Market Sizes for Somnigroup International's Main Products and Services
Somnigroup International Inc. (SGI) operates in several key bedding product categories. The addressable markets for its main products and services, including mattresses, adjustable foundations and bases, pillows, mattress covers, sheets, and other accessories, are substantial both globally and within the United States.
Mattresses
- Global Market: The global mattress market was valued at approximately USD 60.68 billion in 2026 and is projected to grow to USD 107.53 billion by 2034, exhibiting a Compound Annual Growth Rate (CAGR) of 7.41% from 2026 to 2034.
- U.S. Market: The U.S. mattress market is estimated at approximately USD 18.77 billion in 2026 and is forecast to reach USD 22.41 billion by 2031, with a CAGR of 3.62% between 2026 and 2031.
Adjustable Foundations and Adjustable Bases
- Global Market: The global adjustable bed base and bed set market is projected to reach approximately USD 12.16 billion in 2026, with an expected growth to USD 28.52 billion by 2035 at a CAGR of 9.93%.
- U.S. Market: The U.S. adjustable bed set market was approximately USD 1.88 billion in 2025, while the U.S. adjustable bed base market was around USD 2.16 billion in 2025. Together, these segments represent an addressable market of approximately USD 4.04 billion in the U.S. for 2025.
Pillows
- Global Market: The global pillows market is projected to be around USD 21.3 billion in 2026 and is expected to grow to USD 33.4 billion by 2033, at a CAGR of 6.6% from 2026 to 2033.
- U.S. Market: The U.S. pillows market generated a revenue of approximately USD 5.20 billion in 2025 and is expected to reach USD 8.46 billion by 2033, with a CAGR of 6.3% from 2026 to 2033.
Mattress Covers (Mattress Protectors)
- Global Market: The global bedding protectors (mattress protectors) market is valued at approximately USD 2.2 billion in 2026 and is forecast to reach USD 3.4 billion by 2036, growing at a CAGR of 4.5% between 2026 and 2036.
- U.S. Market: The mattress protector market in the U.S. had a year-to-date total of approximately USD 2.60 billion in April 2026.
Sheets
- Global Market: The global bed linen market size reached approximately USD 118.60 billion in 2026 and is projected to reach USD 243.99 billion by 2035, exhibiting a CAGR of 8.35% during 2026-2035.
- U.S. Market: The U.S. bedsheets market size was approximately USD 8.06 billion in 2025 and is projected to reach USD 11.55 billion by 2032, with a CAGR of 5.28% during the forecast period of 2025-2032.
Other Accessories (Cushions and various other accessories and comfort products)
For a broader view of the market for other accessories, the "home bedding market" can serve as an indicator, encompassing a wide range of products including cushions, blankets, bed pads, and other bedding essentials.
- Global Market: The global home bedding market size is projected to be approximately USD 156.3 billion in 2026 and is expected to reach USD 277.0 billion by 2033, at a CAGR of 8.8% from 2026 to 2033.
- U.S. Market: The U.S. home bedding market is projected to reach approximately USD 40.7 billion in 2026 and is expected to grow to USD 52.5 billion by 2033, with a CAGR of 3.7% from 2026 to 2033.
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Expected Drivers of Future Revenue Growth for Somnigroup International (SGI)
Over the next 2-3 years, Somnigroup International (SGI) is expected to drive revenue growth through several key initiatives:
- Strategic Acquisitions: The recent acquisitions of Mattress Firm (in 2025) and Leggett & Platt (in 2026) are anticipated to significantly boost sales and profitability. The Mattress Firm acquisition has notably increased direct sales as a percentage of total net sales and contributed to sales growth and improved operational efficiencies. The acquisition of Leggett & Platt is also expected to enhance vertical integration and realize cost savings.
- International Market Expansion: Somnigroup International is focused on expanding its presence and market share in international markets. The company aims to grow its total addressable market and increase its market share in regions where it is currently lower than in the US, leveraging its global scale, omnichannel reach, and innovation.
- Product Innovation and Diversification: Continuous investment in research and development and product innovation across its brand portfolio (Tempur-Pedic, Sealy, Stearns & Foster, Cocoon by Sealy) is a key driver. A notable example is the launch of a new collection of Sealy Posturepedic® products in North America in 2025, strategically targeting renewed growth in the mid-to-entry level market.
- Growth in Direct-to-Consumer (DTC) and Omnichannel Sales: The company is capitalizing on its omnichannel platform, which provides convenient access for consumers. The integration of Mattress Firm has significantly expanded Somnigroup's direct sales channel, with expectations that over 60% of global sales will be direct-to-consumer, which can also lead to improved gross margins.
- Operational Efficiencies and Synergies: Somnigroup expects to realize significant operational efficiencies and synergies resulting from its recent acquisitions, particularly Mattress Firm. These synergies are anticipated to lead to improved gross margins, enhanced manufacturing throughput, better inventory coordination, and overall increased profitability.
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Share Repurchases
- Between 2020 and 2025, Somnigroup International (including its prior name, Tempur Sealy International) invested approximately $2 billion in share repurchases.
- As of September 30, 2024, the company had $774.5 million remaining under its share repurchase authorization.
- For 2026, the company plans to allocate roughly 50% of its free cash flow to shareholder returns, which includes both dividends and share repurchases.
Share Issuance
- In February 2025, 34.2 million shares were issued as part of the approximately $5 billion acquisition of Mattress Firm, representing about $1.3 billion in stock consideration.
- In August 2026, approximately 20.6 million shares were issued for the all-stock acquisition of Leggett & Platt, valued at around $2.3 billion.
- These issuances, combined with other awards, led to a significant dilution of existing shareholders, with the share count increasing from 173.6 million at the end of 2024 to an estimated 220-221 million for the full year 2026.
Outbound Investments
- In August 2021, the company acquired Dreams, a leading specialty bed retailer in the United Kingdom, for approximately $476.7 million in cash.
- In February 2025, Somnigroup International (then Tempur Sealy International) completed the approximately $5 billion acquisition of Mattress Firm, funded by $2.7 billion in cash and 34.2 million shares issued.
- In August 2026, Somnigroup International completed the all-stock acquisition of Leggett & Platt, a diversified component manufacturer, for approximately $2.3 billion, aiming to enhance vertical integration and expand its addressable market.
Capital Expenditures
- For the full year 2026, Somnigroup International expects capital expenditures to be approximately $225 million, which includes $75 million dedicated to Mattress Firm store refreshes and brand wall programs.
- Capital expenditures were approximately $150 million in 2024 and in the mid-$300 million range in 2025.
- Between 2020 and 2025, the company invested approximately $1 billion in its plants and processes to drive operations.
Peer Outperformance in Home Furnishings
nullShare of Home Furnishings constituents that SGI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
—
insufficient peer history
3Y
—
insufficient peer history
5Y
—
insufficient peer history
null
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Home Furnishings is SGI's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -19.6% | 51.2% | 88.8% | CVSA 258% · PRDO 244% · LRN 138% |
| Homebuilding | 17 | -7.6% | 50.5% | 32.5% | PHM 155% · GRBK 154% · TOL 144% |
| Hotels, Resorts & Cruise Lines | 21 | 3.0% | 45.2% | 19.0% | RCL 238% · MAR 163% · HLT 150% |
| Home Furnishings ← | 3 | -5.9% | 59.5% | -0.4% | SGI 42% · MHK -35% |
| Home Improvement Retail | 5 | -16.3% | 13.4% | -4.1% | HD -1% · LOW -4% · FND -65% |
| Automotive Retail | 17 | -12.2% | 15.9% | -8.6% | MUSA 210% · PAG 114% · ORLY 103% |
| Specialized Consumer Services | 10 | -15.1% | 30.2% | -15.3% | HRB 138% · FTDR 93% · SCI 42% |
| Footwear | 9 | 59.2% | 39.7% | -20.4% | DECK 28% · SHOO 9% · CROX -20% |
| Distributors | 4 | -16.6% | -14.4% | -25.3% | ARMK 110% · GPC 7% · POOL -57% |
| Restaurants | 37 | -12.6% | -3.3% | -26.4% | EAT 309% · CAKE 188% · TXRH 102% |
| Apparel Retail | 26 | 0.7% | 1.2% | -40.2% | ANF 308% · TJX 143% · ROST 119% |
| Leisure Products | 14 | -19.3% | -12.3% | -41.1% | GOLF 74% · HAS 60% · MAT -20% |
| Household Appliances | 18 | 3.6% | 7.5% | -41.5% | |
| Computer & Electronics Retail | 3 | 6.5% | 71.0% | -41.5% | BBY 7% · GME -42% |
| Leisure Facilities | 12 | 5.5% | -1.3% | -43.1% | LTH 144% · OSW 119% · PLNT -34% |
| Apparel, Accessories & Luxury Goods | 29 | -1.7% | 20.7% | -45.4% | RL 238% · TPR 225% · KTB 75% |
| Automotive Parts & Equipment | 38 | -18.0% | -10.4% | -45.9% | MOD 1044% · GTX 200% · BWA 48% |
| Casinos & Gaming | 20 | -17.7% | -22.0% | -48.1% | MCRI 88% · BYD 14% · RRR 11% |
| Broadline Retail | 14 | -13.3% | 33.7% | -52.2% | EBAY 64% · AMZN 49% · OLLI 31% |
| Other Specialty Retail | 24 | -25.4% | -14.6% | -61.7% | ULTA 68% · ASO 46% · DKS 29% |
| Automobile Manufacturers | 8 | -80.3% | -44.5% | -72.2% | GM 37% · TSLA 23% · F -3% |
| Consumer Electronics | 11 | -35.1% | -29.9% | -79.1% | GRMN 97% · SONO -45% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 33.69 |
| Mkt Cap | 1.3 |
| Rev LTM | 3,893 |
| Op Inc LTM | 234 |
| FCF LTM | 157 |
| FCF 3Y Avg | 231 |
| CFO LTM | 237 |
| CFO 3Y Avg | 308 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.7% |
| Rev Chg 3Y Avg | -3.7% |
| Rev Chg Q | -5.5% |
| QoQ Delta Rev Chg LTM | -1.5% |
| Op Inc Chg LTM | 47.3% |
| Op Inc Chg 3Y Avg | -13.1% |
| Op Mgn LTM | 6.0% |
| Op Mgn 3Y Avg | 5.8% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 6.1% |
| CFO/Rev 3Y Avg | 7.2% |
| FCF/Rev LTM | 4.0% |
| FCF/Rev 3Y Avg | 5.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.3 |
| P/S | 0.3 |
| P/Op Inc | 5.5 |
| P/EBIT | 3.8 |
| P/E | 5.9 |
| P/CFO | 5.4 |
| Total Yield | 4.9% |
| Dividend Yield | 1.0% |
| FCF Yield 3Y Avg | 4.8% |
| D/E | 1.3 |
| Net D/E | 0.9 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tempur Sealy North America | 3,678 | 3,789 | 3,857 | ||
| Mattress Firm | 3,506 | ||||
| Tempur Sealy International | 1,270 | 1,142 | 1,070 | ||
| Corporate | 0 | 0 | 0 | ||
| Eliminations | -977 | -1 | -2 | ||
| Bedding product sales | 4,921 | 4,513 | |||
| Other | 418 | ||||
| Total | 7,476 | 4,931 | 4,925 | 4,921 | 4,931 |
| $ Mil | 2025 | 2024 | 2023 | 2015 | 2014 |
|---|---|---|---|---|---|
| Tempur Sealy North America | 553 | 612 | 643 | ||
| Tempur Sealy International | 221 | 195 | 171 | ||
| Mattress Firm | 191 | ||||
| Eliminations | 0 | 0 | 0 | ||
| Corporate | -210 | -173 | -207 | -125 | |
| International | 99 | ||||
| North America | 336 | ||||
| Sealy | 100 | ||||
| Tempur International | 92 | ||||
| Tempur North America | 85 | ||||
| Total | 755 | 634 | 607 | 309 | 276 |
| $ Mil | 2025 | 2024 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|
| Mattress Firm | 7,930 | 0 | |||
| Tempur Sealy North America | 5,718 | 5,575 | |||
| Corporate | 2,589 | 3,580 | 775 | ||
| Tempur Sealy International | 1,542 | 1,478 | |||
| Inter-segment eliminations | -6,178 | -4,652 | |||
| Elimination | -1,130 | ||||
| International | 477 | ||||
| North America | 2,533 | ||||
| Other | -2,232 | -1,815 | |||
| Sealy | 2,001 | 1,957 | |||
| Tempur International | 463 | 478 | |||
| Tempur North America | 2,431 | 2,111 | |||
| Total | 11,601 | 5,980 | 2,656 | 2,663 | 2,730 |
Price Behavior
Price Behavior
| Market Price | $64.68 | |
| Market Cap ($ Bil) | 13.6 | |
| First Trading Date | 12/18/2003 | |
| Distance from 52W High | -33.5% | |
| 50 Days | 200 Days | |
| DMA Price | $64.31 | $74.13 |
| DMA Trend | down | down |
| Distance from DMA | 0.6% | -12.7% |
| 3M | 1YR | |
| Volatility | 37.9% | 41.5% |
| Downside Capture | 202.05 | 173.61 |
| Upside Capture | 120.87 | 117.74 |
| Correlation (S&P 500) | 37.0% | 44.9% |
SGI Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.04 | 2.10 | 1.71 | 1.80 | 1.44 | 1.16 |
| Up Beta | -4.45 | 1.28 | 0.24 | 2.10 | 2.05 | 1.27 |
| Down Beta | 3.96 | 2.86 | 2.62 | 1.24 | 1.00 | 0.99 |
| Up Capture | 257% | 209% | 143% | 144% | 116% | 134% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 17 | 25 | 53 | 110 | 358 |
| Down Capture | 255% | 263% | 255% | 207% | 139% | 105% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 24 | 38 | 72 | 141 | 393 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SGI | |
|---|---|---|---|---|
| SGI | -22.2% | 41.5% | -0.50 | - |
| Sector ETF (XLY) | -4.1% | 19.2% | -0.35 | 48.9% |
| Equity (SPY) | 14.8% | 12.7% | 0.80 | 44.6% |
| Gold (GLD) | -2.8% | 28.5% | -0.11 | 23.9% |
| Commodities (DBC) | 52.1% | 20.7% | 1.91 | -36.1% |
| Real Estate (VNQ) | 4.3% | 13.9% | 0.06 | 38.9% |
| Bitcoin (BTCUSD) | -24.8% | 43.5% | -0.54 | 9.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SGI | |
|---|---|---|---|---|
| SGI | 8.8% | 39.5% | 0.32 | - |
| Sector ETF (XLY) | 4.5% | 24.1% | 0.14 | 59.7% |
| Equity (SPY) | 12.7% | 17.1% | 0.56 | 55.9% |
| Gold (GLD) | 17.3% | 18.9% | 0.73 | 11.1% |
| Commodities (DBC) | 9.5% | 19.5% | 0.37 | -2.5% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 50.4% |
| Bitcoin (BTCUSD) | 5.7% | 51.7% | 0.29 | 23.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SGI | |
|---|---|---|---|---|
| SGI | 18.3% | 46.1% | 0.54 | - |
| Sector ETF (XLY) | 12.2% | 22.2% | 0.50 | 56.8% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 52.9% |
| Gold (GLD) | 11.8% | 16.4% | 0.59 | 7.5% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | 13.3% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 47.7% |
| Bitcoin (BTCUSD) | 62.4% | 66.2% | 1.02 | 17.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -6.8% | -7.7% | 0.2% |
| 5/7/2026 | -10.1% | -18.6% | -13.3% |
| 2/17/2026 | -8.6% | -9.4% | -19.2% |
| 11/6/2025 | 11.8% | 15.6% | 14.6% |
| 8/7/2025 | 0.4% | 10.0% | 18.6% |
| 5/8/2025 | -1.0% | 5.9% | 8.3% |
| 2/20/2025 | -2.4% | -3.3% | -13.8% |
| 11/7/2024 | 8.3% | 10.9% | 10.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 15 | 16 |
| # Negative | 11 | 9 | 8 |
| Median Positive | 5.6% | 9.0% | 9.4% |
| Median Negative | -4.6% | -7.2% | -10.3% |
| Max Positive | 15.4% | 18.1% | 29.5% |
| Max Negative | -19.4% | -18.6% | -19.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -6.8% | -7.7% | 0.2% |
| 5/7/2026 | -10.1% | -18.6% | -13.3% |
| 2/17/2026 | -8.6% | -9.4% | -19.2% |
| 11/6/2025 | 11.8% | 15.6% | 14.6% |
| 8/7/2025 | 0.4% | 10.0% | 18.6% |
| 5/8/2025 | -1.0% | 5.9% | 8.3% |
| 2/20/2025 | -2.4% | -3.3% | -13.8% |
| 11/7/2024 | 8.3% | 10.9% | 10.6% |
| 8/6/2024 | -0.8% | 1.6% | 4.3% |
| 5/7/2024 | 3.9% | 5.7% | 1.2% |
| 2/8/2024 | 1.2% | -1.0% | 7.2% |
| 11/2/2023 | -8.9% | -7.2% | 6.0% |
| 8/3/2023 | 5.6% | 5.7% | 7.7% |
| 5/9/2023 | 0.3% | 4.1% | 2.7% |
| 2/9/2023 | 1.1% | 3.7% | -4.1% |
| 11/3/2022 | 7.7% | 18.1% | 28.5% |
| 7/27/2022 | 4.2% | 11.5% | 11.7% |
| 4/28/2022 | 5.9% | 9.1% | -2.7% |
| 2/22/2022 | -19.4% | -11.8% | -11.2% |
| 10/28/2021 | -3.6% | -3.3% | -9.5% |
| 7/29/2021 | 15.4% | 12.5% | 18.8% |
| 4/29/2021 | -4.6% | -3.1% | -1.9% |
| 2/11/2021 | 9.5% | 9.0% | 29.5% |
| 10/29/2020 | -0.9% | 4.9% | 17.7% |
| SUMMARY STATS | |||
| # Positive | 13 | 15 | 16 |
| # Negative | 11 | 9 | 8 |
| Median Positive | 5.6% | 9.0% | 9.4% |
| Median Negative | -4.6% | -7.2% | -10.3% |
| Max Positive | 15.4% | 18.1% | 29.5% |
| Max Negative | -19.4% | -18.6% | -19.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/22/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/04/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/24/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
Recent Forward Guidance
Updated 10/8/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EPS | Reported | 2.85 | 3 | 3.15 | -6.2% | Lowered | Guidance: 3.2 for 2026 | |
Insider Activity
Updated 8/28/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Thompson, Scott L | CEO & PRESIDENT | Direct | Buy | 8272026 | 62.84 | 30,000 | 1,885,314 | 259,144,830 | Form |
| 2 | Rusing, Steven H | President & CEO Mattress Firm | Direct | Sell | 5262026 | 66.93 | 6,657 | 445,539 | 20,055,613 | Form |
| 3 | Dyer, Simon | Madad Investments Pty Ltd | Buy | 12042025 | 93.40 | 32,000 | 2,988,747 | 3,437,058 | Form | |
| 4 | Gates, Cathy R | Direct | Sell | 9082025 | 86.85 | 6,016 | 522,478 | 3,350,165 | Form | |
| 5 | Buster, H Clifford Iii | CEO of Tempur Sealy | Direct | Sell | 8202025 | 81.20 | 70,134 | 5,694,572 | 17,101,498 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Thompson, Scott L | CEO & PRESIDENT | Direct | Buy | 8272026 | 62.84 | 30,000 | 1,885,314 | 259,144,830 | Form |
| 2 | Rusing, Steven H | President & CEO Mattress Firm | Direct | Sell | 5262026 | 66.93 | 6,657 | 445,539 | 20,055,613 | Form |
| 3 | Dyer, Simon | Madad Investments Pty Ltd | Buy | 12042025 | 93.40 | 32,000 | 2,988,747 | 3,437,058 | Form | |
| 4 | Gates, Cathy R | Direct | Sell | 9082025 | 86.85 | 6,016 | 522,478 | 3,350,165 | Form | |
| 5 | Buster, H Clifford Iii | CEO of Tempur Sealy | Direct | Sell | 8202025 | 81.20 | 70,134 | 5,694,572 | 17,101,498 | Form |
| 6 | Rao, Bhaskar | EVP & Chief Financial Officer | Direct | Sell | 8142025 | 78.50 | 95,891 | 7,527,490 | 25,942,918 | Form |
Investor Activity (13F)
Updated Oct 26, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Browning West LP | $435.9 Mil | 27.0% | 5 | Hold | 13F |
| Linonia Partnership LP | $649.2 Mil | 12.1% | 14 | Hold | 13F |
| Greenstone Partners & Co., LLC | $42.0 Mil | 10.6% | 9 | ADD +8.1% | 13F |
| Robertson Opportunity Capital, LLC | $26.2 Mil | 10.1% | 30 | TRIM -19.3% | 13F |
| SW Investment Management LLC | $44.4 Mil | 9.8% | 8 | Hold | 13F |
| Abrams Capital Management, L.P. | $428.6 Mil | 9.2% | 11 | Hold | 13F |
| Hudson Way Capital Management LLC | $94.9 Mil | 9.1% | 16 | ADD +16.0% | 13F |
| Third Point LLC | $167.9 Mil | 8.1% | 33 | TRIM -33.2% | 13F |
| Timucuan Asset Management Inc/Fl | $217.4 Mil | 8.0% | 28 | Hold | 13F |
| Windacre Partnership LLC | $607.8 Mil | 6.5% | 11 | TRIM -11.8% | 13F |
| Avala Global LP | $124.8 Mil | 6.0% | 22 | ADD +16.5% | 13F |
| 12th Street Asset Management Company, LLC | $30.2 Mil | 4.9% | 32 | Hold | 13F |
| Goodnow Investment Group, LLC | $45.1 Mil | 4.9% | 29 | Hold | 13F |
| Forest Avenue Capital Management LP | $74.8 Mil | 4.7% | 25 | ADD +45.5% | 13F |
| 140 Summer Partners LP | $53.0 Mil | 4.7% | 20 | ADD +9.3% | 13F |
| Darsana Capital Partners LP | $196.3 Mil | 4.2% | 14 | TRIM -11.5% | 13F |
| M.D. Sass, LLC | $47.5 Mil | 3.6% | 36 | ADD +9.7% | 13F |
| D1 Capital Partners L.P. | $346.6 Mil | 3.1% | 44 | New | 13F |
| No Street GP LP | $38.4 Mil | 2.6% | 31 | ADD +57.6% | 13F |
| Eminence Capital, LP | $111.8 Mil | 2.6% | 33 | ADD +382.2% | 13F |
| Avantyr Capital Partners, LP | $46.1 Mil | 2.2% | 22 | New | 13F |
| Broad Bay Capital Management, LP | $21.4 Mil | 2.2% | 24 | TRIM -25.0% | 13F |
| Makena Capital Management LLC | $18.6 Mil | 2.1% | 27 | ADD +14.7% | 13F |
| Cartenna Capital, LP | $5.5 Mil | 0.2% | 41 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| D1 Capital Partners L.P. | $346.6 Mil | 3.1% | 44 | New | 13F |
| Avantyr Capital Partners, LP | $46.1 Mil | 2.2% | 22 | New | 13F |
| Cartenna Capital, LP | $5.5 Mil | 0.2% | 41 | New | 13F |
| Eminence Capital, LP | $111.8 Mil | 2.6% | 33 | ADD +382.2% | 13F |
| No Street GP LP | $38.4 Mil | 2.6% | 31 | ADD +57.6% | 13F |
| Forest Avenue Capital Management LP | $74.8 Mil | 4.7% | 25 | ADD +45.5% | 13F |
| Avala Global LP | $124.8 Mil | 6.0% | 22 | ADD +16.5% | 13F |
| Hudson Way Capital Management LLC | $94.9 Mil | 9.1% | 16 | ADD +16.0% | 13F |
| Makena Capital Management LLC | $18.6 Mil | 2.1% | 27 | ADD +14.7% | 13F |
| M.D. Sass, LLC | $47.5 Mil | 3.6% | 36 | ADD +9.7% | 13F |
| 140 Summer Partners LP | $53.0 Mil | 4.7% | 20 | ADD +9.3% | 13F |
| Greenstone Partners & Co., LLC | $42.0 Mil | 10.6% | 9 | ADD +8.1% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | As Of | Filing |
|---|---|---|---|---|---|---|
| Meritage Group LP | $214.6 Mil | 6.7% | 10 | Exited | Dec 31, 2025 | 13F |
| Hook Mill Capital Partners, LP | $23.1 Mil | 2.2% | 39 | Exited | Dec 31, 2025 | 13F |
| Kinetic Partners Management, LP | $22.3 Mil | 1.1% | 44 | Exited | Dec 31, 2025 | 13F |
| Scopia Capital Management LP | $9.6 Mil | 2.0% | 27 | Exited | Dec 31, 2025 | 13F |
| Third Point LLC | $167.9 Mil | 8.1% | 33 | TRIM -33.2% | Mar 31, 2026 | 13F |
| Broad Bay Capital Management, LP | $21.4 Mil | 2.2% | 24 | TRIM -25.0% | Mar 31, 2026 | 13F |
| Robertson Opportunity Capital, LLC | $26.2 Mil | 10.1% | 30 | TRIM -19.3% | Mar 31, 2026 | 13F |
| Windacre Partnership LLC | $607.8 Mil | 6.5% | 11 | TRIM -11.8% | Mar 31, 2026 | 13F |
| Darsana Capital Partners LP | $196.3 Mil | 4.2% | 14 | TRIM -11.5% | Mar 31, 2026 | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Linonia Partnership LP | $649.2 Mil | 12.1% | 14 | Hold | 13F |
| Windacre Partnership LLC | $607.8 Mil | 6.5% | 11 | TRIM -11.8% | 13F |
| Browning West LP | $435.9 Mil | 27.0% | 5 | Hold | 13F |
| Abrams Capital Management, L.P. | $428.6 Mil | 9.2% | 11 | Hold | 13F |
| D1 Capital Partners L.P. | $346.6 Mil | 3.1% | 44 | New | 13F |
| Timucuan Asset Management Inc/Fl | $217.4 Mil | 8.0% | 28 | Hold | 13F |
| Darsana Capital Partners LP | $196.3 Mil | 4.2% | 14 | TRIM -11.5% | 13F |
| Third Point LLC | $167.9 Mil | 8.1% | 33 | TRIM -33.2% | 13F |
| Avala Global LP | $124.8 Mil | 6.0% | 22 | ADD +16.5% | 13F |
| Eminence Capital, LP | $111.8 Mil | 2.6% | 33 | ADD +382.2% | 13F |
| Hudson Way Capital Management LLC | $94.9 Mil | 9.1% | 16 | ADD +16.0% | 13F |
| Forest Avenue Capital Management LP | $74.8 Mil | 4.7% | 25 | ADD +45.5% | 13F |
| 140 Summer Partners LP | $53.0 Mil | 4.7% | 20 | ADD +9.3% | 13F |
| M.D. Sass, LLC | $47.5 Mil | 3.6% | 36 | ADD +9.7% | 13F |
| Avantyr Capital Partners, LP | $46.1 Mil | 2.2% | 22 | New | 13F |
| Goodnow Investment Group, LLC | $45.1 Mil | 4.9% | 29 | Hold | 13F |
| SW Investment Management LLC | $44.4 Mil | 9.8% | 8 | Hold | 13F |
| Greenstone Partners & Co., LLC | $42.0 Mil | 10.6% | 9 | ADD +8.1% | 13F |
| No Street GP LP | $38.4 Mil | 2.6% | 31 | ADD +57.6% | 13F |
| 12th Street Asset Management Company, LLC | $30.2 Mil | 4.9% | 32 | Hold | 13F |
| Robertson Opportunity Capital, LLC | $26.2 Mil | 10.1% | 30 | TRIM -19.3% | 13F |
| Broad Bay Capital Management, LP | $21.4 Mil | 2.2% | 24 | TRIM -25.0% | 13F |
| Makena Capital Management LLC | $18.6 Mil | 2.1% | 27 | ADD +14.7% | 13F |
| Cartenna Capital, LP | $5.5 Mil | 0.2% | 41 | New | 13F |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Home Furnishings Resources |
| Furniture Today |
| Home Accents Today |
| Business of Home |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 10/24/2026