Forensic Analysis · Durable Goods, Textiles & Apparel · as of Aug 11, 2026

Leggett & Platt Inc (LEG)

A forensic read on Leggett & Platt Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

5.0

Distress distance

Clean

Earnings quality

Forensic signals

5.9

P / E (ttm)

23.0%

ROE

$1.3B

Market cap

2.08%

Dividend yield

-7.5%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Leggett & Platt Inc earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 5.0, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by goodwill impairments.

What the filings flag

$701M

FY2020–FY2024

Goodwill impairments. Took $701M of goodwill writedowns across 2 years (FY2020 ($25M), FY2024 ($676M)) — about 221% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.

13.5%

FY2025

Return on invested capital. Return on invested capital is 13.5% in the latest fiscal year and rising from 10% — a modest positive spread over its ~9% cost of capital — growth adds value, though not dramatically.

+0.8%/yr

FY2022–FY2025

Share count. Diluted share count changed +2% over the last 3 years to FY2025 (+0.8%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.

-81%

FY2024→FY2025

Dividend — cut. The payout was CUT ~81% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.

Key fundamentals

Latest Revenue$4.06B

Revenue Growth YoY-7.5%

Revenue CAGR (3yr)-8.0%

Net Margin5.8%

Free Cash Flow$281.0M

Return on Equity23.0%

Debt / Equity1.47x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Leggett & Platt Inc's actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.