Leggett & Platt Incorporated (LEG)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -509,200 | -920,500 | -907,300 | -199,300 | -173,400 | 281,900 | 304,500 | 353,800 | 403,600 | 468,400 | 500,700 | 530,900 | 522,100 | 519,200 | 520,300 | 369,500 | 320,900 | 304,800 | 300,900 | 412,600 |
| 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 |
| Pretax margin | -11.61% | -20.72% | -20.09% | -4.32% | -3.67% | 5.87% | 6.18% | 7.02% | 7.84% | 8.86% | 9.43% | 10.12% | 10.29% | 10.55% | 10.82% | 8.43% | 7.50% | 7.18% | 7.04% | 8.89% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-509,200K ÷ $4,384,300K
= -11.61%
Leggett & Platt Incorporated's pretax margin, which measures the company's profitability before taxes, exhibited fluctuations over the past few years. The trend shows that the pretax margin increased from around 8.89% in March 2020 to a peak of 10.82% in June 2021. This indicated improving profitability and cost management efficiency.
However, from September 2021 onwards, the pretax margin started to decline gradually, reaching 5.87% by September 2023. Notably, in the last quarter of 2023 and extending into the first half of 2024, the pretax margin turned negative, indicating that the company incurred losses before taxes during this period.
The significant drop in pretax margin from June 2024 to December 2024, falling from -20.09% to -11.61%, suggests a possible decline in revenue or increased expenses relative to the company's income.
In conclusion, Leggett & Platt Incorporated's pretax margin has shown variability in recent periods, with fluctuations reflecting changes in profitability and financial performance. Monitoring and analyzing this metric are crucial for understanding the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2024