Leggett & Platt Incorporated (LEG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 749,100 | 853,800 | 976,800 | 1,038,300 | 894,500 |
| Revenue | US$ in thousands | 749,100 | 4,725,300 | 5,146,700 | 5,072,600 | 4,280,200 |
| Gross profit margin | 100.00% | 18.07% | 18.98% | 20.47% | 20.90% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $749,100K ÷ $749,100K
= 100.00%
Leggett & Platt Incorporated's gross profit margin has exhibited fluctuations over the years based on the provided data.
As of December 31, 2020, the gross profit margin was 20.90%, which indicates that for every dollar of revenue, the company retained $0.209 as gross profit after deducting the cost of goods sold.
By the end of December 31, 2021, the gross profit margin slightly decreased to 20.47%, suggesting a slight decline in profitability compared to the previous year.
However, there was a more noticeable decrease in the gross profit margin by the end of December 31, 2022, dropping to 18.98%. This indicates that the company's ability to generate gross profit relative to its revenue decreased further during that period.
The trend continued with a gross profit margin of 18.07% as of December 31, 2023, showing a continued decline in profitability.
Surprisingly, there appears to be a significant anomaly in the data as of December 31, 2024, where the gross profit margin is reported as 100.00%. This may be due to inconsistencies or errors in the data provided.
Overall, Leggett & Platt Incorporated's gross profit margin has been fluctuating, with a general downward trend in recent years, except for the unusual spike in 2024. It would be crucial for stakeholders to further investigate the reasons behind these fluctuations in the gross profit margin to assess the company's financial performance and efficiency in managing its cost of goods sold.
Peer comparison
Dec 31, 2024