LEAR CORP LEA
Lear Corporation is a global automotive technology leader in Seating and E-Systems, enabling superior in-vehicle experiences for consumers around the world. We supply complete seat systems, key seat components, complete electrical distribution and connection systems, high-voltage power distribution products, including battery disconnect units ("BDUs"), and low-voltage power distribution products and electronic controllers to all of the world's major automotive manufacturers. At Lear, we are Making every drive betterTM by providing technology for safer, smarter and more comfortable journeys, while adhering to our values — Be Inclusive. Be Inventive. Get Results the Right Way.
We have 258 manufacturing, engineering and administrative locations in 36 countries. We continue to grow our business in every major automotive producing region of the world, both organically and through complementary acquisitions. We continue to evaluate our manufacturing footprint to optimize our cost structure.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.26B | $23.31B | $23.47B | $20.89B | $19.26B | $17.05B | $19.81B | $21.15B | $20.47B | $18.56B |
| Cost of revenue | $21.75B | $21.67B | $21.76B | $19.48B | $17.87B | $15.94B | $18.07B | $18.83B | $18.18B | $16.43B |
| Gross profit | $1.50B | $1.64B | $1.71B | $1.41B | $1.39B | $1.11B | $1.74B | $2.32B | $2.29B | $2.12B |
| R&D | — | — | — | — | — | — | $151.2M | $153.5M | $147.9M | $143.7M |
| SG&A | $707.6M | $702.5M | $714.7M | $684.8M | $643.2M | $588.9M | $605.0M | $612.8M | $635.2M | $608.2M |
| Operating income | $777.3M | $887.7M | $933.2M | $654.3M | $675.4M | $454.1M | $1.07B | $1.65B | $1.61B | $1.46B |
| Interest expense | $100.8M | $106.2M | $101.1M | $98.6M | $91.8M | $99.6M | $92.0M | $84.1M | $85.7M | $82.5M |
| Pre-tax income | $625.1M | $732.9M | $777.2M | $509.3M | $583.5M | $299.3M | $953.6M | $1.54B | $1.53B | $1.34B |
| Income tax | $150.0M | $191.1M | $180.8M | $133.7M | $137.7M | $93.9M | $146.1M | $311.9M | $197.5M | $370.2M |
| Net income | $436.8M | $506.6M | $572.5M | $327.7M | $373.9M | $158.5M | $753.6M | $1.15B | $1.31B | $975.1M |
| EPS, basic | 8.22 | 9.02 | 9.73 | 5.49 | 6.22 | 2.63 | 12.80 | 17.35 | 18.79 | 13.48 |
| EPS, diluted | 8.15 | 8.97 | 9.68 | 5.47 | 6.19 | 2.62 | 12.75 | 17.22 | 18.59 | 13.33 |
| Shares, diluted (wtd. avg.) | $53.6M | $56.5M | $59.1M | $59.9M | $60.4M | $60.4M | $61.9M | $66.2M | $69.3M | $73.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.03B | $1.05B | $1.20B | $1.12B | $1.32B | $1.31B | $1.51B | $1.52B | $1.50B | $1.27B |
| Short-term investments | — | — | — | $3.6M | $3.5M | $9.3M | $17.1M | $4.8M | $3.2M | — |
| Receivables | $3.90B | $3.59B | $3.68B | $3.45B | $3.04B | $3.27B | $2.98B | $2.88B | $3.23B | $2.75B |
| Inventory | $1.69B | $1.60B | $1.76B | $1.57B | $1.57B | $1.40B | $1.26B | $1.20B | $1.21B | $1.02B |
| Total current assets | $7.66B | $7.18B | $7.64B | $6.99B | $6.77B | $6.78B | $6.41B | $6.28B | $6.61B | $5.65B |
| Property, plant and equipment | $2.91B | $2.83B | $2.98B | $2.85B | $2.72B | $2.74B | $2.70B | $2.60B | $2.46B | $2.02B |
| Goodwill | $1.78B | $1.70B | $1.74B | $1.66B | $1.66B | $1.66B | $1.61B | $1.41B | $1.40B | $1.12B |
| Other intangibles | $109.9M | $115.0M | $189.1M | $235.4M | $302.5M | $368.2M | $423.7M | $396.5M | $444.1M | $287.1M |
| Total assets | $14.84B | $14.03B | $14.70B | $13.76B | $13.35B | $13.20B | $12.68B | $11.60B | $11.95B | $9.90B |
| Accounts payable | $3.42B | $3.25B | $3.43B | $3.21B | $2.95B | $3.14B | $2.82B | $2.86B | $3.17B | $2.64B |
| Short-term debt | $27.9M | $26.7M | $27.5M | $9.9M | $0 | $0 | $14.1M | $9.9M | $0 | $8.6M |
| Total current liabilities | $5.67B | $5.45B | $5.67B | $5.19B | $4.76B | $5.08B | $4.67B | $4.50B | $4.85B | $4.18B |
| Long-term debt | — | — | — | — | — | — | $2.29B | $1.97B | $1.97B | $1.94B |
| Retained earnings | $6.19B | $5.93B | $5.60B | $5.21B | $5.07B | $4.81B | $4.72B | $4.11B | $4.17B | $3.71B |
| Total equity | $5.04B | $4.45B | $5.06B | $4.83B | $4.81B | $4.61B | $4.50B | $4.36B | $4.29B | $3.19B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.09B | $1.12B | $1.25B | $1.02B | $670.1M | $663.1M | $1.28B | $1.78B | $1.78B | $1.62B |
| Depreciation and amortisation | $604.1M | $620.7M | $604.4M | $576.5M | $573.9M | $539.9M | $509.9M | $484.4M | $427.7M | $378.2M |
| Stock-based compensation | $66.2M | $64.4M | $67.5M | $52.0M | $60.3M | $40.0M | $23.3M | $41.4M | $70.2M | $68.2M |
| Capital expenditure | $561.6M | $558.7M | $626.5M | $638.2M | $585.1M | $452.3M | $603.9M | $677.0M | $594.5M | $528.3M |
| Investing cash flow | -$516.8M | -$543.0M | -$761.5M | -$830.3M | -$646.7M | -$468.8M | -$922.4M | -$693.5M | -$868.6M | -$637.1M |
| Financing cash flow | -$618.5M | -$693.9M | -$419.5M | -$387.3M | -$13.6M | -$411.7M | -$361.9M | -$1.03B | -$742.0M | -$872.9M |
| Dividends paid | $164.8M | $173.7M | $181.9M | $185.5M | $106.7M | $67.3M | $186.3M | $186.3M | $137.7M | $88.8M |
| Buybacks | $325.2M | $416.7M | $296.5M | $100.3M | $100.3M | $70.0M | $384.7M | $704.9M | $450.5M | $658.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000842162-26-000011.
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