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Side-by-side financial comparison of LEGGETT & PLATT INC (LEG) and Voya Financial, Inc. (VOYA). Click either name above to swap in a different company.

LEGGETT & PLATT INC is the larger business by last-quarter revenue ($938.6M vs $603.0M, roughly 1.6× Voya Financial, Inc.). Voya Financial, Inc. runs the higher net margin — 23.2% vs 2.7%, a 20.5% gap on every dollar of revenue. On growth, Voya Financial, Inc. posted the faster year-over-year revenue change (7.5% vs -11.2%). Over the past eight quarters, Voya Financial, Inc.'s revenue compounded faster (7.8% CAGR vs -7.5%).

Leggett & Platt (L&P), based in Carthage, Missouri, is an American diversified manufacturer that designs and produces various engineered components and products that can be found in homes and automobiles. The firm was founded in 1883, and consists of 15 business units, 20,000 employee-partners, and 135 manufacturing facilities located in 18 countries.

Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.

LEG vs VOYA — Head-to-Head

Bigger by revenue
LEG
LEG
1.6× larger
LEG
$938.6M
$603.0M
VOYA
Growing faster (revenue YoY)
VOYA
VOYA
+18.6% gap
VOYA
7.5%
-11.2%
LEG
Higher net margin
VOYA
VOYA
20.5% more per $
VOYA
23.2%
2.7%
LEG
Faster 2-yr revenue CAGR
VOYA
VOYA
Annualised
VOYA
7.8%
-7.5%
LEG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LEG
LEG
VOYA
VOYA
Revenue
$938.6M
$603.0M
Net Profit
$25.1M
$140.0M
Gross Margin
17.9%
Operating Margin
2.0%
28.0%
Net Margin
2.7%
23.2%
Revenue YoY
-11.2%
7.5%
Net Profit YoY
76.8%
44.3%
EPS (diluted)
$0.18
$1.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LEG
LEG
VOYA
VOYA
Q4 25
$938.6M
$603.0M
Q3 25
$1.0B
$572.0M
Q2 25
$1.1B
$542.0M
Q1 25
$1.0B
$538.0M
Q4 24
$1.1B
$561.0M
Q3 24
$1.1B
$542.0M
Q2 24
$1.1B
$528.0M
Q1 24
$1.1B
$519.0M
Net Profit
LEG
LEG
VOYA
VOYA
Q4 25
$25.1M
$140.0M
Q3 25
$127.1M
$192.0M
Q2 25
$52.5M
$166.0M
Q1 25
$30.6M
$156.0M
Q4 24
$14.2M
$97.0M
Q3 24
$44.9M
$114.0M
Q2 24
$-602.2M
$205.0M
Q1 24
$31.6M
$251.0M
Gross Margin
LEG
LEG
VOYA
VOYA
Q4 25
17.9%
Q3 25
18.7%
Q2 25
18.2%
Q1 25
18.6%
Q4 24
16.6%
Q3 24
18.2%
Q2 24
16.5%
Q1 24
17.0%
Operating Margin
LEG
LEG
VOYA
VOYA
Q4 25
2.0%
28.0%
Q3 25
14.9%
53.7%
Q2 25
6.8%
34.7%
Q1 25
4.4%
32.2%
Q4 24
2.4%
21.4%
Q3 24
5.2%
21.4%
Q2 24
-56.2%
52.3%
Q1 24
3.9%
55.3%
Net Margin
LEG
LEG
VOYA
VOYA
Q4 25
2.7%
23.2%
Q3 25
12.3%
33.6%
Q2 25
5.0%
30.6%
Q1 25
3.0%
29.0%
Q4 24
1.3%
17.3%
Q3 24
4.1%
21.0%
Q2 24
-53.4%
38.8%
Q1 24
2.9%
48.4%
EPS (diluted)
LEG
LEG
VOYA
VOYA
Q4 25
$0.18
$1.41
Q3 25
$0.91
$1.80
Q2 25
$0.38
$1.66
Q1 25
$0.22
$1.42
Q4 24
$0.10
$0.99
Q3 24
$0.33
$0.98
Q2 24
$-4.39
$1.96
Q1 24
$0.23
$2.24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LEG
LEG
VOYA
VOYA
Cash + ST InvestmentsLiquidity on hand
$587.4M
Total DebtLower is stronger
$1.5B
$2.1B
Stockholders' EquityBook value
$1.0B
$5.0B
Total Assets
$3.5B
$178.9B
Debt / EquityLower = less leverage
1.46×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEG
LEG
VOYA
VOYA
Q4 25
$587.4M
Q3 25
$460.7M
Q2 25
$368.8M
Q1 25
$412.6M
Q4 24
$350.2M
Q3 24
$277.2M
Q2 24
$307.0M
Q1 24
$361.3M
Total Debt
LEG
LEG
VOYA
VOYA
Q4 25
$1.5B
$2.1B
Q3 25
$1.5B
$2.1B
Q2 25
$1.8B
$2.1B
Q1 25
$1.9B
$2.1B
Q4 24
$1.9B
$2.5B
Q3 24
$1.6B
$2.5B
Q2 24
$1.7B
$2.1B
Q1 24
$1.8B
$2.1B
Stockholders' Equity
LEG
LEG
VOYA
VOYA
Q4 25
$1.0B
$5.0B
Q3 25
$971.8M
$5.0B
Q2 25
$855.0M
$4.6B
Q1 25
$746.8M
$4.4B
Q4 24
$689.4M
$4.0B
Q3 24
$741.0M
$4.7B
Q2 24
$667.6M
$4.0B
Q1 24
$1.3B
$4.2B
Total Assets
LEG
LEG
VOYA
VOYA
Q4 25
$3.5B
$178.9B
Q3 25
$3.5B
$177.4B
Q2 25
$3.7B
$172.4B
Q1 25
$3.7B
$163.9B
Q4 24
$3.7B
$163.9B
Q3 24
$3.8B
$166.9B
Q2 24
$3.8B
$161.3B
Q1 24
$4.6B
$161.6B
Debt / Equity
LEG
LEG
VOYA
VOYA
Q4 25
1.46×
0.42×
Q3 25
1.54×
0.42×
Q2 25
2.10×
0.45×
Q1 25
2.59×
0.48×
Q4 24
2.70×
0.62×
Q3 24
2.13×
0.53×
Q2 24
2.55×
0.52×
Q1 24
1.38×
0.51×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LEG
LEG
VOYA
VOYA
Operating Cash FlowLast quarter
$121.5M
$557.0M
Free Cash FlowOCF − Capex
$101.9M
FCF MarginFCF / Revenue
10.9%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
4.84×
3.98×
TTM Free Cash FlowTrailing 4 quarters
$281.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEG
LEG
VOYA
VOYA
Q4 25
$121.5M
$557.0M
Q3 25
$125.9M
$168.0M
Q2 25
$84.0M
$742.0M
Q1 25
$6.8M
$-179.0M
Q4 24
$122.3M
$79.0M
Q3 24
$95.5M
$719.0M
Q2 24
$94.0M
$316.0M
Q1 24
$-6.1M
$231.0M
Free Cash Flow
LEG
LEG
VOYA
VOYA
Q4 25
$101.9M
Q3 25
$110.1M
Q2 25
$75.5M
Q1 25
$-6.5M
Q4 24
$100.5M
Q3 24
$77.1M
Q2 24
$78.5M
Q1 24
$-32.0M
FCF Margin
LEG
LEG
VOYA
VOYA
Q4 25
10.9%
Q3 25
10.6%
Q2 25
7.1%
Q1 25
-0.6%
Q4 24
9.5%
Q3 24
7.0%
Q2 24
7.0%
Q1 24
-2.9%
Capex Intensity
LEG
LEG
VOYA
VOYA
Q4 25
2.1%
Q3 25
1.5%
Q2 25
0.8%
Q1 25
1.3%
Q4 24
2.1%
Q3 24
1.7%
Q2 24
1.4%
Q1 24
2.4%
Cash Conversion
LEG
LEG
VOYA
VOYA
Q4 25
4.84×
3.98×
Q3 25
0.99×
0.88×
Q2 25
1.60×
4.47×
Q1 25
0.22×
-1.15×
Q4 24
8.61×
0.81×
Q3 24
2.13×
6.31×
Q2 24
1.54×
Q1 24
-0.19×
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LEG
LEG

Bedding Products$373.8M40%
Flooring And Textile Products Group$196.9M21%
Automotive Group$194.9M21%
Work Furniture Group$66.2M7%
Home Furniture Group$61.0M6%
Hydraulic Cylinders$45.8M5%

VOYA
VOYA

Other$295.0M49%
Investment Management Segment$274.0M45%
Distribution Fees Member$34.0M6%

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