Leggett & Platt, Incorporated — Earnings Quality Grade F
LEG · Consumer Cyclical
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 39 days, change -3 days YoY
AR growth -13.8% vs revenue growth -7.5%
Revenue -7.5%, CFFO 10.6%. Cash follows revenue
Expense Quality
Inventory -13.8% vs COGS -8.9%. Normal
CapEx growth -29.9% vs revenue -7.5%. Normal
SG&A/Gross Profit = 65.6%. Normal
Gross margin 18.3%, change +1.3pp. Stable
Cash Flow Quality
CFFO/NI = 1.44. Profits backed by cash
FCF $0.3B, FCF/NI = 1.19
Accruals ratio = -2.9%. Low accruals
Cash $0.6B covers only 35% of debt $1.7B
Balance Sheet Health
Goodwill+Intangibles $0.8B = 82% of equity. Over 50%
Debt/EBITDA = 3.4x. Healthy
Other assets -10.6% vs revenue -7.5%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -10% YoY. Normal
Manipulation Score
M-Score = -2.76 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25