Leggett & Platt Incorporated (LEG)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 737,900 | 744,700 | 765,600 | 802,200 | 836,400 | 864,600 | 880,800 | 928,100 | 976,800 | 1,031,600 | 1,057,200 | 1,058,100 | 1,038,300 | 1,031,500 | 1,042,200 | 919,200 | 894,500 | 908,300 | 917,000 | 1,040,400 |
| Revenue (ttm) | US$ in thousands | 4,384,300 | 4,443,000 | 4,516,700 | 4,608,700 | 4,725,300 | 4,806,000 | 4,925,000 | 5,038,000 | 5,146,700 | 5,283,800 | 5,308,600 | 5,244,000 | 5,072,600 | 4,921,700 | 4,810,100 | 4,385,600 | 4,280,200 | 4,243,100 | 4,274,800 | 4,642,900 |
| Gross profit margin | 16.83% | 16.76% | 16.95% | 17.41% | 17.70% | 17.99% | 17.88% | 18.42% | 18.98% | 19.52% | 19.91% | 20.18% | 20.47% | 20.96% | 21.67% | 20.96% | 20.90% | 21.41% | 21.45% | 22.41% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $737,900K ÷ $4,384,300K
= 16.83%
The gross profit margin of Leggett & Platt Incorporated has shown a gradual decline over the past few years, starting at 22.41% in March 2020 and dropping to 16.83% by December 2024. This indicates that the company's cost of goods sold relative to its revenue has been increasing, leading to a decrease in the percentage of revenue left as gross profit.
The trend suggests that Leggett & Platt may be facing challenges in controlling its production costs or pricing strategies, which could be impacting its overall profitability. It is crucial for the company to closely monitor and manage its cost structure to improve its gross profit margin and enhance its financial performance in the future.
Peer comparison
Dec 31, 2024