Leggett & Platt Incorporated (LEG)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -509,200 | -173,400 | 403,600 | 522,100 | 320,900 |
| Revenue | US$ in thousands | 749,100 | 4,725,300 | 5,146,700 | 5,072,600 | 4,280,200 |
| Pretax margin | -67.97% | -3.67% | 7.84% | 10.29% | 7.50% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-509,200K ÷ $749,100K
= -67.97%
The pretax margin of Leggett & Platt Incorporated has shown fluctuations over the years. In 2020, the company had a pretax margin of 7.50%, which increased to 10.29% in 2021, indicating improving profitability. However, in 2022, the pretax margin slightly declined to 7.84%.
In 2023, there was a significant negative trend with a pretax margin of -3.67%, indicating that the company's expenses exceeded its revenue before tax. Furthermore, in 2024, the pretax margin plummeted to -67.97%, signifying a substantial decrease in profitability and potential financial challenges.
It is essential for Leggett & Platt Incorporated to closely monitor and address the factors contributing to the declining pretax margin to ensure sustainable financial performance and profitability in the future.
Peer comparison
Dec 31, 2024