Leggett & Platt Inc. (LEG) intrinsic value & 10-year financials
Leggett & Platt Inc. (LEG) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 0.9% a year to $4.1B, with an average return on invested capital of 8.4%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $4.1B
- Revenue growth (10-yr CAGR)
- 0.9%
- ROIC (10-yr avg)
- 8.4%
- Free cash flow (FY2025)
- $281.0M
LEG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.1B | $235.4M | $1.69 | $281.0M | — | 11.4% |
| FY2024 | $4.4B | -$511.5M | -$3.73 | $224.1M | — | -21.1% |
| FY2023 | $4.7B | -$136.8M | -$1.00 | $383.4M | — | -4.5% |
| FY2022 | $5.1B | $309.8M | $2.27 | $341.1M | — | 9.6% |
| FY2021 | $5.1B | $402.4M | $2.94 | $164.7M | — | 13.5% |
| FY2020 | $4.3B | $247.6M | $1.82 | $536.4M | — | 8.2% |
| FY2019 | $4.8B | $333.8M | $2.47 | $524.9M | — | 12.9% |
| FY2018 | $4.3B | $305.9M | $2.26 | $280.7M | — | 16.0% |
| FY2017 | $3.9B | $292.6M | $2.13 | $284.3M | — | 16.6% |
| FY2016 | $3.7B | $385.8M | $2.76 | $428.6M | — | 21.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
LEGGETT & PLATT INC has demonstrated mature, steady growth, with revenue compounding at 0.9% annually over the past decade.
LEGGETT & PLATT INC returns on capital have been average, hovering around 8.4% ROIC over the decade.
LEGGETT & PLATT INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, LEGGETT & PLATT INC is modeled at -5.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-3.06 per share.