Reading the tape
NYSE: LEG
Leggett & Platt, Incorporated
Consumer Cyclical · Furnishings, Fixtures & Appliances
Market Cap
$1.48B
52w High
$13.00
52w Low
$7.86
P/E
6.44
Volume
2.91M
Outstanding Shares
136.40M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 16.36%Revenue (TTM): -7.51%FCF (TTM): 25.39%P/FCF: 8th pct
What changed
The stock rose 16.36% over the last year. Revenue declined 7.51% over the trailing twelve months. Operating margin moved from 5.23% to 5.91%. Free cash flow grew 25.39% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 8th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 5.91%. Revenue declined 7.51% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide.
CEOKarl G. Glassman
SectorConsumer Cyclical
IndustryFurnishings, Fixtures & Appliances
Employees17,700
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA5.42
Enterprise value$2.59B
Stock splits
Jun 16, 1998↑ Forward
Every 1 shares became 2
Sep 18, 1995↑ Forward
Every 1 shares became 2
Jun 16, 1992↑ Forward
Every 1 shares became 2
Mar 17, 1986↑ Forward
Every 2 shares became 3
Aug 29, 1983↑ Forward
Every 1 shares became 2
Sep 1, 1978↑ Forward
Every 1000 shares became 1499
Profitability & growth
Revenue growth-11.15%
Gross margin18.17%▲5.04%vs FY2024
Operating margin5.91%▲18.65%vs FY2024
ROE23.02%▲131.03%vs FY2024
Analyst consensus
RatingHold
Target price$12.00▲10.91%
4
Buy
10
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.26 · Revenue est $946.79M
View
Dividends
$0.20/shareQuarterlySafeLEG pays a dividend with a 1.85% dividend yield, covered 10.4× by free cash flow.
Dividend Yield
1.85%
Annual Div / Share
$0.20
5yr CAGR
-34.02%
Dividend has been cut
Payout Ratio
11.48%
Safe
Dividend Growth Rate
3yr CAGR
-51.56%
5yr CAGR
-34.02%
10yr CAGR
-16.88%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$0.20+0.0%
2024$0.20-89.1%
2023$1.84+4.5%
2022$1.76+4.8%
2021$1.68+5.0%
2020$1.60+0.0%
2019$1.60+5.3%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$18/yr
$2/mo
In 5 yrs
$18/yr
$2/mo
In 10 yrs
$18/yr
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$18/yr $2/mo | $18/yr $2/mo | $18/yr $2/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 10.4× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -34.02% is negative, indicating the payout has been cut over this period.