Leggett & Platt Incorporated logo

Leggett & Platt Incorporated(LEG)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
1-STAR RATING
SELL
SELL for 3 days
PROFIT SINCE LAST BUY
-18.17%
LAST CLOSE
$9.2
08/27/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for LEG

08/27/2026: LEG (1-star) is a SELL. SELL for 3 days. Simulated Profits (-18.17%). Updated daily EoD!

Leggett & Platt is a diversified industrial manufacturer known for supplying components to the bedding, furniture, and automotive industries. While it has historically been a reliable dividend payer, the company is currently navigating significant operational challenges, including margin compression and volatile demand in its core bedding segment. Its primary investment story rests on successful restructuring and the ability to leverage its specialty products for future profitability. However, retail investors should be aware of risks regarding cyclical industry exposure, dividend sustainability, and intense competition. The stock may suit income-oriented investors, provided they monitor the company’s ability to stabilize cash flows and maintain its long-term dividend record amid a difficult operating environment.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company is currently focused on restructuring and margin recovery rather than rapid top-line growth.
Momentum investorWeak fitThe stock has experienced persistent downward price momentum, failing to meet criteria for a positive upturn.
Value investorMixed fitValuation appears depressed relative to historical averages, but fundamental recovery remains uncertain.
Dividend investorStrong fit while signal remains positiveIts long history of dividend increases makes it attractive to income investors, though dividend sustainability is now a critical area of focus.
Low-risk investorWeak fitMarket sensitivity and recent dividend-related uncertainty have increased the risk profile for conservative investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highCyclical end-markets cause sensitivity to economic data and interest rate shifts.
Valuation riskMediumWhile trading at lower multiples, the lack of immediate earnings growth limits the margin of safety.
Competition risk (bedding and furniture)HighCompetitive pressure from low-cost imports and specialized manufacturers persists.
Business qualityMediumThe company has strong market positions but is currently struggling with operational efficiency.
Dividend incomeMedium / highThe payout ratio has risen significantly, making dividend coverage a top priority for investors.
Execution riskHighSuccess depends on the company's ability to successfully execute its ongoing restructuring and cost-saving plans.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -60.22%
Avg. Invested days 27
Today’s Advisory SELL
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 08/27/2026

Upturn Scorecard

Upturn Star Rating

LEG receives a 3-star rating, supported by solid company fundamentals. The rating is constrained by soft unit economics, soft analyst coverage, and weak price momentum.

Company Fundamentals

LEG has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+146.0%) and solid cash generation (FCF margin 6.9%) are partially offset by negative revenue growth (-7.4%), soft profitability (net margin 5.8%), modest insider ownership of 2.28%.

Financial Health Rating

LEG's financial health is supported by solid cash strength, including free-cash-flow generation (6.9% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

Earnings growth is LEG's strongest growth driver at +146.0% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+25.4%, solid) is also solid, while revenue growth (-7.4%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 100.5% and approximately 97.5% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 2.28% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 16.08%
Vanguard Portfolio Management, LLC 8.94%
Vanguard Capital Management, LLC 4.23%
State Street Corp 4.07%
Forest Avenue Capital Management LP 2.69%

Unit Economics (Per $1K Revenue)

LEG generates approximately $181 of gross profit, $61 of operating income, and $69 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 18.74%

Quantitative Style Profile

LEG has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.26B USD
Price to earnings Ratio 5.9
1Y Target Price 10
Price to earnings Ratio 5.9
1Y Target Price 10
Volume (30-day avg) 728.8K shares
Beta 0.75
52 Weeks Range 8.19 - 12.82
Updated Date 09/17/2026
52 Weeks Range 8.19 - 12.82
Updated Date 09/17/2026
Dividends yield (FY) 2.15%
Basic EPS (TTM) 1.56

How Company Makes Money

Business areaWhat it includesRetail investor read
Bedding ProductsSteel coil springs, specialty foam, and private-label finished mattresses sold to retailers.This is the company's largest segment, tied directly to the health of the consumer bedding market.
Specialized ProductsHydraulic cylinders and components for the automotive and aerospace industries.This segment provides diversification away from home furnishings into specialized industrial niches.
Furniture, Flooring & TextileMotion furniture mechanisms and office seating components.These components are sold to manufacturers of office and residential furniture.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 5.9
Forward PE 14.56
Enterprise Value 2.36B
Price to Sales(TTM) 0.32
Enterprise Value 2.36B
Price to Sales(TTM) 0.32
Enterprise Value to Revenue 0.61
Enterprise Value to EBITDA 5.2
Shares Outstanding 136.59M
Shares Floating 133.15M
Shares Outstanding 136.59M
Shares Floating 133.15M
Percent Insiders 2.28
Percent Institutions 100.49

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Leggett & Platt Incorporated

Exchange NYSE
Headquarters Carthage, MO, United States
IPO Launch date 1987-11-05
CEO -
Sector Consumer Cyclical
Industry Furnishings, Fixtures & Appliances
Full time employees 15900
Full time employees 15900

Leggett & Platt, Incorporated, together with its subsidiaries, 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, and adjustable beds 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; 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.