LEG
Consumer CyclicalLeggett & Platt, Incorporated · Furnishings, Fixtures & Appliances · $1B
What is Leggett & Platt, Incorporated?
Leggett & Platt is a global manufacturer of engineered components found in everyday products — from mattresses and furniture to automotive seating and aerospace tubing. Headquartered in Carthage, Missouri, the company serves a wide range of industrial and consumer markets.
The company operates through three segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. It earns revenue by supplying components — such as innersprings, foam, wire forms, and adjustable bed mechanisms — to mattress brands, retailers, and furniture makers. Its Specialized Products segment serves automotive OEMs with lumbar systems, seat suspension, and fluid conveyance tubing, while also supplying aerospace and mobile equipment manufacturers with engineered hydraulic and tubing solutions.
Leggett & Platt was incorporated in 1980 and is headquartered in Carthage, Missouri.
- Innersprings, specialty foams, and mattress foundations for bedding manufacturers
- Lumbar support and seat suspension systems for automotive seating
- Titanium and stainless-steel tubing for aerospace fluid conveyance
- Motion hardware and mechanisms for reclining and lift chairs
- Private label finished mattresses and adjustable bed products
Is LEG a Good Stock to Buy?
UQS Score rates LEG as Below Average overall.
Among the five pillars, Valuation stands out as Attractive — meaning the stock may be priced at a discount relative to its fundamentals. The Quality pillar registers as Neutral, suggesting the business maintains baseline operational stability even amid broader challenges.
The Moat, Growth, and Risk pillars all register as Weak, pointing to limited competitive differentiation, constrained expansion prospects, and meaningful balance sheet or operational vulnerabilities that investors should weigh carefully.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does LEG pay dividends?
Yes — Leggett & Platt, Incorporated pays a dividend.
Leggett & Platt pays a regular dividend, which has historically been a defining feature of its investor appeal. As a manufacturer with long-standing operations, the company has used dividend payments to return capital to shareholders. However, given the Weak Risk pillar rating, investors should evaluate whether the current payout level is sustainable relative to the company's cash generation.
When does LEG report earnings?
Leggett & Platt reports earnings on a quarterly cadence, consistent with standard practice for US-listed companies.
The company has faced headwinds across its core segments, reflecting softer consumer demand in bedding and furniture markets alongside cost pressures in its industrial businesses. These dynamics are consistent with the Weak Growth and Risk pillar signals in the UQS framework.
For the most recent quarter's results and guidance, visit Leggett & Platt's official investor relations page.
LEG Price History
-74.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Leggett & Platt, Incorporated?
Based on Leggett & Platt, Incorporated's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
LEG Long-term Outlook
The fundamental outlook for Leggett & Platt reflects the challenges captured in its Weak Growth and Weak Risk pillar ratings. A recovery in housing and consumer spending could provide a tailwind for its Bedding and Furniture segments, but near-term visibility remains limited. The Attractive Valuation pillar suggests the market has already priced in significant pessimism, which may create an asymmetric setup for patient investors — though the weak moat limits confidence in a durable rebound.
Growth drivers
- A cyclical recovery in housing activity and mattress demand
- Automotive content growth in lumbar and seating systems
- Operational restructuring aimed at improving segment profitability
Key risks
- Sustained weakness in consumer discretionary spending affecting bedding and furniture volumes
- Elevated debt load relative to earnings power, flagged by the Weak Risk pillar
- Limited pricing power given a Weak Moat rating in commoditized component markets
LEG vs Peers
Leggett & Platt competes across several niches — from flooring components to furniture hardware — placing it alongside a diverse set of manufacturers.
Interface focuses on modular flooring and sustainability-driven design, competing with LEG's flooring and textile products segment through a more brand-differentiated approach.
La-Z-Boy operates as both a manufacturer and retailer of upholstered furniture, giving it direct consumer exposure that contrasts with LEG's primarily component-supplier model.
Richelieu distributes specialty hardware and functional components to furniture makers and renovators, overlapping with LEG's furniture hardware offerings but through a distribution-led model.
Frequently Asked Questions
What does Leggett & Platt do?
Leggett & Platt designs and manufactures engineered components used in mattresses, furniture, automotive seating, and aerospace applications. It supplies parts — not finished consumer goods — to brands, OEMs, and retailers across multiple industries worldwide.
Does LEG pay dividends?
Yes, Leggett & Platt pays a regular dividend. The company has a long history of returning capital to shareholders through dividends. Given current risk factors flagged in the UQS framework, investors should review the payout relative to cash flow before relying on it as a primary income source.
When does LEG report earnings?
Leggett & Platt reports on a quarterly cadence, as is standard for US-listed companies. For exact dates and the most recent results, check the investor relations section of the company's official website.
Is LEG a good stock to buy?
The UQS Score rates LEG as Below Average overall. While the Valuation pillar is Attractive, the Moat, Growth, and Risk pillars are all Weak. That combination suggests the stock may be cheap for a reason. Pro members can view the full pillar breakdown to assess fit with their own investment criteria.
Is LEG overvalued?
Based on the UQS Valuation pillar, LEG currently registers as Attractive — meaning it appears priced below what its fundamentals might suggest. However, a low valuation alone does not make a stock a compelling opportunity if underlying quality and growth are also weak.
How does LEG compare to its competitors?
Leggett & Platt operates as a diversified component supplier, which distinguishes it from more focused peers like La-Z-Boy (finished furniture retail) or Interface (branded flooring). Its breadth across bedding, automotive, and furniture hardware creates diversification but also limits the depth of competitive advantage in any single market.
What is LEG's market cap bracket?
Leggett & Platt is classified as a small-cap company. This places it below the large- and mega-cap manufacturers it once rivaled, reflecting the significant decline in market value the company has experienced in recent years.
Who founded Leggett & Platt?
Leggett & Platt traces its origins to the late 19th century, founded by J.P. Leggett and C.B. Platt. The company was incorporated in its modern form in 1980. Full founding history is widely available through the company's official corporate timeline.
Is LEG a long-term quality investment?
As a long-term quality indicator, the UQS Score rates LEG as Below Average. The Weak Moat and Weak Growth pillars suggest the business lacks the durable competitive advantages and expansion trajectory typically associated with high-quality long-term holdings. The Attractive Valuation may offer some margin of safety, but quality concerns persist.
What is the main competitive advantage of Leggett & Platt?
Leggett & Platt's scale and manufacturing breadth across multiple component categories have historically been its primary advantages. However, the UQS Moat pillar rates this as Weak, indicating that these advantages may not be sufficient to defend pricing power or market share over the long term.
What sector does LEG belong to?
Leggett & Platt is classified under the Consumer Cyclical sector. This means its business performance tends to correlate with broader economic cycles — particularly housing activity, consumer spending on furniture and bedding, and automotive production volumes.
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Pro Analysis
LEG — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| Apr 26, 2026 | 44.6 | 54.8 | 27.0 | 22.4 | 32.0 | 99.0 | +0.1 |
| Apr 19, 2026 | 44.5 | 54.8 | 27.0 | 22.4 | 32.0 | 98.4 | -0.2 |
| Apr 15, 2026 | 44.7 | 54.8 | 27.0 | 22.4 | 32.0 | 100.0 | -0.1 |
| Apr 2, 2026 | 44.8 | 54.8 | 27.0 | 22.5 | 32.0 | 100.0 | — |
LEG — Pillar Breakdown
Quality
— 53.2/100 (25%)Leggett & Platt, Incorporated has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 22.0/100 (20%)Leggett & Platt, Incorporated faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 25.8/100 (15%)Leggett & Platt, Incorporated presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 97.1/100 (15%)Leggett & Platt, Incorporated appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 27/100 (25%)Leggett & Platt, Incorporated operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for LEG.
Score Composition
Financial Data
More Stock Analysis
How is the LEG UQS Score Calculated?
The UQS (Unified Quality Score) for Leggett & Platt, Incorporated is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Leggett & Platt, Incorporated's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Leggett & Platt, Incorporated is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.