Leggett & Platt (Leggett & Platt) Gross Margin % : 17.92% (As of Dec. 2023)

View and export this data going back to 1979. Start your Free Trial

What is Leggett & Platt Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Leggett & Platt's Gross Profit for the three months ended in Dec. 2023 was $200 Mil. Leggett & Platt's Revenue for the three months ended in Dec. 2023 was $1,115 Mil. Therefore, Leggett & Platt's Gross Margin % for the quarter that ended in Dec. 2023 was 17.92%.

Warning Sign:

Leggett & Platt Inc gross margin has been in long-term decline. The average rate of decline per year is -3.2%.

The historical rank and industry rank for Leggett & Platt's Gross Margin % or its related term are showing as below:

LEG' s Gross Margin % Range Over the Past 10 Years
Min: 18.07 Med: 21.01 Max: 24.05
Current: 18.07

During the past 13 years, the highest Gross Margin % of Leggett & Platt was 24.05%. The lowest was 18.07%. And the median was 21.01%.

LEG's Gross Margin % is ranked worse than
81.82% of 407 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 28.6 vs LEG: 18.07

Leggett & Platt had a gross margin of 17.92% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Leggett & Platt was -3.20% per year.

Leggett & Platt Gross Margin % Historical Data

The historical data trend for Leggett & Platt's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Leggett & Platt Gross Margin % Chart

Leggett & Platt Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

Get a 7-Day Free Trial

21.55

21.12

20.47

18.98

18.07

Leggett & Platt Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															17.61	18.01	18.11	18.23	17.92

Competitive Comparison of Leggett & Platt's Gross Margin %

For the Furnishings, Fixtures & Appliances subindustry, Leggett & Platt's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Leggett & Platt's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Leggett & Platt's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Leggett & Platt's Gross Margin % falls into.

Leggett & Platt Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Leggett & Platt's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	853.8	/	4725.3
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4725.3 - 3871.5)	/	4725.3
	=	18.07 %

Leggett & Platt's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	199.8	/	1115.1
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1115.1 - 915.3)	/	1115.1
	=	17.92 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Leggett & Platt (NYSE:LEG) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Leggett & Platt had a gross margin of 17.92% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Leggett & Platt Gross Margin % Related Terms

Thank you for viewing the detailed overview of Leggett & Platt's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Leggett & Platt (Leggett & Platt) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Leggett & Platt Inc (NYSE:LEG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

LP1:Germany LP1:Germany L1EG34:Brazil

Address

No. 1 Leggett Road, Carthage, MO, USA, 64836

Website

https://www.leggett.com

Leggett & Platt Inc designs and produces engineered components and products found in most homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture and work furniture, flooring underlayment, adjustable beds, and various other products.

Executives

Ryan Michael Kleiboeker	officer: SVP-Chief Strategic Plan. Off.	NO.1 LEGGETT ROAD, CARTHAGE MO 64836
Phoebe A Wood	director	PO BOX 1080, LOUISVILLE KY 40201
Scott S Douglas	officer: SVP-Gen. Counsel and Secretary	NO 1 LEGGETT ROAD, CARTHAGE MO 64836
Karl G Glassman	director, officer: Executive Vice President	LEGGETT & PLATT, INCORPORATED, NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Angela Barbee	director	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Benjamin Michael Burns	officer: SVP-Business Support Services	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
James Tyson Hagale	officer: SVP, Pres. - Bedding Products	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Christina Ptasinski	officer: SVP - Chief HR Officer	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
J Mitchell Dolloff	director, officer: President and COO	NO.1 LEGGETT ROAD, CARTHAGE MO 64836
Steven K Henderson	officer: Executive Vice President	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Tammy M Trent	officer: SVP - Chief Accounting Officer	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Jeffrey L. Tate	officer: Executive Vice President - CFO	2211 H.H. DOW WAY, MIDLAND MI 48674
Susan R Mccoy	officer: SVP - Investor Relations	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Judy C Odom	director	2140 MERRITT DRIVE, GARLAND TX 75401
Maryelizabeth R Campbell	director	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836