Leggett & Platt Incorporated (LEG)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 240,300 | 320,600 | 485,000 | 596,000 | 400,500 |
| Revenue | US$ in thousands | 749,100 | 4,725,300 | 5,146,700 | 5,072,600 | 4,280,200 |
| Operating profit margin | 32.08% | 6.78% | 9.42% | 11.75% | 9.36% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $240,300K ÷ $749,100K
= 32.08%
The operating profit margin of Leggett & Platt Incorporated has shown some fluctuations over the past five years. In December 2020, the operating profit margin was 9.36%, which increased to 11.75% by the end of 2021. However, in 2022, it slightly dropped to 9.42%. The margin further decreased in 2023 to 6.78%, indicating a lower profitability level compared to the previous years. Nevertheless, by the end of 2024, there was a significant improvement with an operating profit margin of 32.08%, showing a notable increase in profitability. These fluctuations in the operating profit margin suggest varying levels of efficiency in managing operating expenses and generating profits over the years. Further analysis of the company's operations and financial performance could provide insights into the factors driving these changes.
Peer comparison
Dec 31, 2024