Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Capital structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
Capital mix
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
Multi-year momentum
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Doing some research...
Commentary
Commentary on LEGGETT & PLATT INC Balance Sheet
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Jun 9, 2026. The filing-backed figures above are the current source of truth.
Leggett & Platt’s balance sheet shows a clear contraction over the five-year period. Total assets declined from $5.3 billion in 2021 to $3.5 billion in 2025, with the biggest step-down occurring between 2022 and 2023 and another decline in 2024 before a more modest move in 2025. Liabilities followed a similar but somewhat less severe pattern, falling from $3.7 billion in 2021 to $2.5 billion in 2025. This suggests the company has been shrinking its balance sheet, likely through divestitures, asset write-downs, or broader restructuring, rather than simply growing into a more capital-intensive position.
Stockholders’ equity has been more volatile. It was relatively stable around $1.6 billion in 2021–2022, then dropped sharply to $1.3 billion in 2023 and to $689 million in 2024 before rebounding to just over $1.0 billion in 2025. The 2024 dip is especially noteworthy, as it implies meaningful pressure on retained earnings and/or one-time charges, while the 2025 recovery indicates some repair in the capital base. Overall, leverage remains manageable because liabilities have declined alongside assets, but the equity fluctuations point to an uneven operating environment.
In industry context, Leggett & Platt operates in a cyclical manufacturing space tied to housing, furniture, and bedding demand, which can be sensitive to interest rates and consumer spending. The multi-year reduction in assets and liabilities may reflect management’s response to softer end-market conditions and a focus on simplification and capital preservation. The company appears more financially streamlined today than in 2021, but the recent equity volatility suggests the business has still been navigating a challenging demand backdrop.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.
