Leggett & Platt Incorporated (LEG)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 229,300 | 244,600 | 269,600 | 307,400 | 334,100 | 364,000 | 385,800 | 431,500 | 483,400 | 544,600 | 566,100 | 563,400 | 551,200 | 537,300 | 547,600 | 441,700 | 404,900 | 405,200 | 404,200 | 505,900 |
| Revenue (ttm) | US$ in thousands | 4,384,300 | 4,443,000 | 4,516,700 | 4,608,700 | 4,725,300 | 4,806,000 | 4,925,000 | 5,038,000 | 5,146,700 | 5,283,800 | 5,308,600 | 5,244,000 | 5,072,600 | 4,921,700 | 4,810,100 | 4,385,600 | 4,280,200 | 4,243,100 | 4,274,800 | 4,642,900 |
| Operating profit margin | 5.23% | 5.51% | 5.97% | 6.67% | 7.07% | 7.57% | 7.83% | 8.56% | 9.39% | 10.31% | 10.66% | 10.74% | 10.87% | 10.92% | 11.38% | 10.07% | 9.46% | 9.55% | 9.46% | 10.90% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $229,300K ÷ $4,384,300K
= 5.23%
Leggett & Platt Incorporated has shown a declining trend in its operating profit margin over the past few years. Starting at 10.90% in March 2020, the margin decreased to 5.23% by December 2024. While there were fluctuations during this period, the general trend was a gradual decrease. This indicates that the company's operating expenses may have been increasing faster than its operating income, impacting its profitability. It is important for the company to closely monitor and manage its operating costs to improve its operating profit margin in the future.
Peer comparison
Dec 31, 2024
Company name
Symbol
Operating profit margin
Leggett & Platt Incorporated
LEG
5.23%
La-Z-Boy Incorporated
LZB
7.53%
Somnigroup International Inc.
SGI
12.86%