Leggett & Platt Incorporated (LEG)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -511,500 | -136,800 | 309,800 | 402,400 | 253,000 |
| Revenue | US$ in thousands | 749,100 | 4,725,300 | 5,146,700 | 5,072,600 | 4,280,200 |
| Net profit margin | -68.28% | -2.90% | 6.02% | 7.93% | 5.91% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-511,500K ÷ $749,100K
= -68.28%
Leggett & Platt Incorporated's net profit margin has exhibited fluctuations over the years, reflecting changes in its profitability. From December 31, 2020, to December 31, 2021, the net profit margin improved from 5.91% to 7.93%, indicating better efficiency in generating profits relative to revenue.
However, there was a decline in net profit margin to 6.02% by December 31, 2022, potentially hinting at challenges impacting profitability sustainability. The following year saw a significant decrease to -2.90%, suggesting potential issues affecting profitability negatively.
By December 31, 2024, Leggett & Platt Incorporated's net profit margin plummeted to -68.28%, indicating a substantial loss relative to revenue. This drastic decline raises concerns about the company's financial health and operational efficiency, warranting further investigation into the underlying reasons for such a negative trend.
Peer comparison
Dec 31, 2024