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LEG 
Leggett & Platt Incorporated (LEG)
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Upturn Advisory Summary
01/09/2026: LEG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
4 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $12.5
1 Year Target Price $12.5
| 0 | Strong Buy |
| 0 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -40.45% | Avg. Invested days 22 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.63B USD | Price to earnings Ratio 7.49 | 1Y Target Price 12.5 |
Price to earnings Ratio 7.49 | 1Y Target Price 12.5 | ||
Volume (30-day avg) 4 | Beta 0.75 | 52 Weeks Range 6.39 - 12.38 | Updated Date 01/9/2026 |
52 Weeks Range 6.39 - 12.38 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 1.71% | Basic EPS (TTM) 1.61 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 5.38% | Operating Margin (TTM) 6.8% |
Management Effectiveness
Return on Assets (TTM) 4.08% | Return on Equity (TTM) 26.19% |
Valuation
Trailing PE 7.49 | Forward PE - | Enterprise Value 2790113225 | Price to Sales(TTM) 0.39 |
Enterprise Value 2790113225 | Price to Sales(TTM) 0.39 | ||
Enterprise Value to Revenue 0.67 | Enterprise Value to EBITDA 5.58 | Shares Outstanding 135436282 | Shares Floating 132525756 |
Shares Outstanding 135436282 | Shares Floating 132525756 | ||
Percent Insiders 1.9 | Percent Institutions 85.09 |
Upturn AI SWOT
Leggett & Platt Incorporated
Company Overview
History and Background
Leggett & Platt Incorporated was founded in 1883 by James and Charles Leggett. Originally a manufacturer of brass bed fasteners, the company has evolved significantly over its long history, expanding its product lines and geographic reach through organic growth and strategic acquisitions. Key milestones include diversification into furniture components, bedding components, and home furnishings, becoming a leading diversified manufacturer serving various industries.
Core Business Areas
- Bedding Components: Manufactures and markets a wide range of components for the bedding industry, including innersprings, steel wire, and adjustable bases, serving major mattress brands and retailers.
- Furniture Components: Provides a variety of components for the furniture industry, such as sofa mechanisms, recliner mechanisms, and upholstery fabrics, catering to furniture manufacturers.
- Home Furniture: Designs, manufactures, and markets a range of home furniture products, including bedroom, dining, and living room sets, under various brand names.
- Flooring Products: Offers flooring underlayment, laminate and wood flooring, and related accessories, serving the residential and commercial construction markets.
- Adjustable Bed Bases: Specializes in the design and manufacturing of adjustable bed bases for the retail and e-commerce markets.
Leadership and Structure
Leggett & Platt Incorporated is led by a seasoned executive team, including a CEO, CFO, and various senior vice presidents responsible for different operational segments and corporate functions. The company operates under a corporate structure with divisional management overseeing specific product lines and geographic regions. The Board of Directors provides oversight and strategic guidance.
Top Products and Market Share
Key Offerings
- Innersprings and Coiled Wire: A fundamental component for mattresses and furniture, used by virtually all mattress manufacturers. Competitors include other wire and spring manufacturers globally.
- Adjustable Bases: A growing segment in the bedding industry. Major competitors include companies specializing in sleep technology and furniture.
- Sofa and Recliner Mechanisms: Essential components for seating furniture. Competitors include specialized metal fabrication and mechanism manufacturers.
- Flooring Underlayment: Used to improve the performance and longevity of flooring. Competitors include other building materials manufacturers.
Market Dynamics
Industry Overview
Leggett & Platt operates in diverse industries including bedding, furniture, building materials, and home furnishings. These industries are influenced by consumer spending, housing market trends, and e-commerce growth. The bedding and furniture sectors are mature but experience innovation driven by comfort, technology, and direct-to-consumer models. The flooring sector is tied to new construction and renovation.
Positioning
Leggett & Platt holds a strong position as a diversified manufacturer with a long-standing reputation for quality and reliability. Its competitive advantages include its broad product portfolio, extensive customer relationships, significant manufacturing scale, and ongoing investment in innovation and supply chain efficiency. Its diversified nature helps mitigate risks associated with any single industry downturn.
Total Addressable Market (TAM)
The combined TAM for Leggett & Platt's various segments (bedding components, furniture components, home furniture, flooring) is substantial, likely in the tens of billions of dollars globally. Leggett & Platt holds significant market share within its core segments, particularly in North America for bedding and furniture components, positioning it as a key player within its addressable markets.
Upturn SWOT Analysis
Strengths
- Diversified product portfolio across multiple industries.
- Strong brand recognition and long-standing customer relationships.
- Extensive manufacturing and distribution network.
- History of innovation and product development.
- Experienced management team.
- Vertical integration in certain product lines.
Weaknesses
- Exposure to cyclical consumer spending and housing markets.
- Reliance on raw material costs (steel, foam).
- Potential for slower adoption of disruptive technologies compared to agile startups.
- Complexity of managing diverse business segments.
Opportunities
- Growth in e-commerce and direct-to-consumer channels for home furnishings.
- Expansion into emerging markets.
- Innovation in sustainable and eco-friendly materials and products.
- Acquisition of complementary businesses to expand product offerings or market reach.
- Increasing demand for adjustable and technologically advanced sleep solutions.
Threats
- Intense competition from domestic and international players.
- Economic downturns impacting consumer discretionary spending.
- Fluctuations in raw material prices and supply chain disruptions.
- Changes in consumer preferences and trends.
- Regulatory changes and trade policies.
Competitors and Market Share
Key Competitors
- Sealy Corporation (now part of Tempur Sealy International - TPX)
- Serta Simmons Bedding
- La-Z-Boy Incorporated (LZB)
- Ashley Furniture Industries
- Herman Miller, Inc. (now MillerKnoll - MLKN)
Competitive Landscape
Leggett & Platt's competitive advantages lie in its diversified business model, strong customer relationships, and extensive manufacturing scale, particularly in components. However, it faces competition from specialized manufacturers in each segment, as well as large, integrated players. Its ability to innovate and adapt to evolving consumer preferences for comfort, technology, and sustainability is crucial for maintaining its market position.
Major Acquisitions
Banquet Table Division of Mitchell Manufacturing Group
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: To expand its offering in the commercial furniture market and enhance its product portfolio.
Hanes Geo Components
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: To strengthen its position in the erosion control and specialty construction materials market, aligning with its flooring products segment.
Growth Trajectory and Initiatives
Historical Growth: Leggett & Platt has demonstrated consistent historical growth, driven by both organic expansion and strategic acquisitions. The company has successfully adapted to changing market demands, diversifying its revenue streams and expanding its product offerings over decades. Growth has been supported by investments in its manufacturing capabilities and distribution channels.
Future Projections: Analyst estimates for Leggett & Platt's future growth vary, with projections often influenced by macroeconomic factors and specific industry trends. While some segments may see moderate growth, others like adjustable bases and innovative home furnishing solutions are expected to drive expansion. The company aims for continued profitable growth through operational efficiencies and strategic initiatives.
Recent Initiatives: Recent initiatives include ongoing efforts to streamline operations, enhance product innovation, and explore new market opportunities. The company has also focused on optimizing its supply chain and digital transformation to improve efficiency and customer experience. Strategic divestitures or acquisitions are also potential avenues for growth and portfolio optimization.
Summary
Leggett & Platt Incorporated is a well-established diversified manufacturer with a strong history and broad product portfolio across bedding, furniture, and flooring. Its strengths lie in its scale, customer relationships, and consistent dividend payments. However, it faces headwinds from cyclical consumer spending, raw material cost volatility, and increasing competition. Future success will depend on its ability to innovate, adapt to market trends, and manage operational efficiencies across its diverse segments.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Leggett & Platt Incorporated Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Market Research Reports
Disclaimers:
This JSON output is generated for informational purposes only and does not constitute financial advice. Data presented is based on publicly available information and may be subject to change. Users should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Leggett & Platt Incorporated
Exchange NYSE | Headquaters Carthage, MO, United States | ||
IPO Launch date 1987-11-05 | President, CEO & Executive Chairman Mr. Karl G. Glassman | ||
Sector Consumer Cyclical | Industry Furnishings, Fixtures & Appliances | Full time employees 17700 | Website https://www.leggett.com |
Full time employees 17700 | Website https://www.leggett.com | ||
Leggett & Platt, Incorporated 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, adjustable beds, machines to produce innersprings, industrial sewing and quilting machines, and mattress-packaging and glue-drying equipment 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; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; 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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