Leggett & Platt Incorporated (LEG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -136,800 | 309,800 | 402,400 | 253,000 | 314,000 |
| Revenue | US$ in thousands | 4,632,700 | 5,203,900 | 5,133,700 | 4,329,000 | 4,813,000 |
| Net profit margin | -2.95% | 5.95% | 7.84% | 5.84% | 6.52% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-136,800K ÷ $4,632,700K
= -2.95%
The net profit margin of Leggett & Platt, Inc. has been fluctuating over the past five years. In 2023, the company reported a negative net profit margin of -2.90%, indicating that its expenses exceeded its revenues, resulting in a net loss. This is a significant decline compared to the previous year, where the company had a net profit margin of 6.02%.
In 2022 and 2021, Leggett & Platt, Inc. had relatively healthier net profit margins of 6.02% and 7.93%, respectively, showing that the company was able to generate a reasonable level of profit relative to its revenue during those years. However, there was a slight decrease in the net profit margin from 2021 to 2020, where it stood at 5.78%.
The highest net profit margin observed in the past five years was in 2019, at 7.02%. This suggests that the company was more profitable in 2019 compared to the subsequent years.
Overall, the varying net profit margins of Leggett & Platt, Inc. over the years indicate fluctuations in profitability and efficiency in managing costs and generating revenues. The negative net profit margin in 2023 signals a need for close attention to cost management and revenue generation strategies to improve the company's financial performance.
Peer comparison
Dec 31, 2023