Leggett & Platt Incorporated (LEG)
Operating profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -107,000 | 340,800 | 365,400 | 428,600 | 477,500 | 663,400 | 686,100 | 708,200 | 699,700 | 692,900 | 696,600 | 532,200 | 468,200 | 482,000 | 483,600 | 610,300 | 640,900 | 581,700 | 561,300 | 547,700 |
| Revenue (ttm) | US$ in thousands | 4,669,900 | 4,785,800 | 4,940,100 | 5,091,100 | 5,203,900 | 5,345,700 | 5,373,000 | 5,307,800 | 5,133,700 | 4,979,500 | 4,865,900 | 4,433,300 | 4,329,000 | 4,294,100 | 4,327,500 | 4,703,600 | 4,813,000 | 4,521,700 | 4,442,600 | 4,400,000 |
| Operating profit margin | -2.29% | 7.12% | 7.40% | 8.42% | 9.18% | 12.41% | 12.77% | 13.34% | 13.63% | 13.92% | 14.32% | 12.00% | 10.82% | 11.22% | 11.18% | 12.98% | 13.32% | 12.86% | 12.63% | 12.45% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-107,000K ÷ $4,669,900K
= -2.29%
The operating profit margin of Leggett & Platt, Inc. has shown a downward trend over the past eight quarters. Starting from Q1 2022 at 10.72%, the margin consistently decreased quarter over quarter, reaching its lowest point in Q4 2023 at 6.76%. This decline could indicate potential challenges in managing expenses relative to revenue generation during this period. It is essential for the company to closely monitor and address the factors contributing to this trend to maintain profitability and enhance operational efficiency in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
Leggett & Platt Incorporated
LEG
-2.29%
La-Z-Boy Incorporated
LZB
7.37%
Tempur Sealy International Inc
TPX
12.33%