Leggett & Platt Incorporated (LEG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -88,600 | 479,700 | 581,300 | 352,400 | 501,200 |
| Revenue | US$ in thousands | 4,632,700 | 5,203,900 | 5,133,700 | 4,329,000 | 4,813,000 |
| Operating profit margin | -1.91% | 9.22% | 11.32% | 8.14% | 10.41% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-88,600K ÷ $4,632,700K
= -1.91%
The operating profit margin of Leggett & Platt, Inc. has exhibited a declining trend over the past five years, from 10.89% in 2019 to 6.76% in 2023. This indicates a decrease in the company's ability to generate profits from its core operations relative to its revenue. The peak operating profit margin was observed in 2021 at 10.82%, followed by a gradual decline in the subsequent years. The declining trend may suggest challenges in controlling costs, managing operating expenses, or changes in the revenue mix impacting profitability. Further analysis of the company's cost structure, efficiency measures, and revenue streams could provide insights into the factors contributing to this trend.
Peer comparison
Dec 31, 2023