Leggett & Platt Stock vs Competition: Who Wins?
Leggett & Platt’s stock saw a slight dip over the past year, but how does it compare to peers like SGI with robust growth? A closer look reveals strong free cash flow margins and a remarkably low PE ratio. However, LEG faces negative revenue growth amid weak residential and automotive market demand. This suggests potential undervaluation and operational efficiency, yet limited upside without top-line expansion in its challenging market, marked by competitive pressures.
- LEG’s 5.8% operating margin, lower than SGI’s 9.2%, reflects weak demand in bedding and metal margin compression, unlike SGI’s industrial tech leverage.
- LEG’s -6.1% revenue decline lags peers, stemming from weak consumer demand for bedding/furniture amid housing market sluggishness.
- LEG’s stock is down 3.1% over 1 year, underperforming SGI, with a low PE of 5.5, signaling market concern over weak demand and dividend cuts.
Here’s how Leggett & Platt stacks up across size, valuation, and profitability versus key peers.
| LEG | MHK | HNI | SGI | LZB | |
|---|---|---|---|---|---|
| Market Cap ($ Bil) | 1.7 | 7.2 | 1.9 | 19.6 | 1.6 |
| Revenue ($ Bil) | 4.2 | 10.7 | 2.6 | 6.8 | 2.1 |
| PE Ratio | 5.5 | 19.0 | 15.2 | 56.2 | 16.6 |
| LTM Revenue Growth | -6.1% | -0.8% | 1.2% | 39.3% | 2.2% |
| LTM Operating Margin | 5.8% | 5.1% | 8.6% | 9.2% | 6.9% |
| LTM FCF Margin | 6.7% | 5.5% | 7.3% | 10.3% | 4.5% |
| 12M Market Return | -3.1% | -16.8% | -23.9% | 67.9% | -9.8% |
For more details on Leggett & Platt, read Buy or Sell LEG Stock. Below we compare LEG’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| LEG | -6.1% | – | -7.2% | -8.2% | 1.5% |
| MHK | -0.8% | – | -2.7% | -5.1% | 4.8% |
| HNI | 1.2% | – | 3.8% | 3.1% | 8.1% |
| SGI | 39.3% | – | 0.1% | 0.1% | -0.2% |
| LZB | 2.2% | 3.0% | -12.9% | -0.3% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| LEG | 5.8% | – | 5.0% | 6.8% | 9.4% |
| MHK | 5.1% | – | 6.5% | 5.3% | 8.0% |
| HNI | 8.6% | – | 8.4% | 5.6% | 4.7% |
| SGI | 9.2% | – | 12.5% | 11.9% | 13.4% |
| LZB | 6.9% | 7.4% | 7.4% | 9.0% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| LEG | 5.5 | – | -2.6 | -26.1 | 14.2 |
| MHK | 19.0 | – | 14.6 | -15.0 | 258.8 |
| HNI | 15.2 | – | 17.1 | 37.8 | 9.6 |
| SGI | 56.2 | – | 25.6 | 23.8 | 13.2 |
| LZB | 16.6 | 18.2 | 12.9 | 6.5 |
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