LEAR CORP LEA

Consumer discretionary SIC 3714 - Motor Vehicle Parts & Accessories NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Parts Manufacturing derived NYSE

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.

Last close 116.69 2026-10-23
Market cap $5.76B 2026-07-04 share count
52-week range 99.00 - 150.33

Valuation FY2025 figures against the last close

P/S0.2x
P/E14.3x
P/FCF10.9x
EV/EBITDA3.4x
Dividend yield2.9%
Diluted EPS8.15

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Other countries
  • United States
  • Mexico
  • China
  • Morocco
  • Germany
Revenue by geography, 6 categories over 3 years. The same figures are in the table below. FY2025 Other countries, FY2025: 8.9B (38.2%) 38% Other countries United States, FY2025: 5.3B (22.8%) 23% United States Mexico, FY2025: 3.6B (15.3%) 15% Mexico China, FY2025: 3B (13.1%) 13% China Morocco, FY2025: 1.3B (5.6%) 6% Morocco Germany, FY2025: 1.2B (5.1%) 5% Germany FY2024 Other countries, FY2024: 9B (38.7%) 39% United States, FY2024: 5.1B (21.7%) 22% Mexico, FY2024: 3.7B (15.8%) 16% China, FY2024: 3B (12.7%) 13% Morocco, FY2024: 1.2B (5.2%) 5% Germany, FY2024: 1.4B (5.9%) 6% FY2023 Other countries, FY2023: 9.6B (41.1%) 41% United States, FY2023: 4.9B (20.7%) 21% Mexico, FY2023: 3.4B (14.6%) 15% China, FY2023: 3B (13.0%) 13% Morocco, FY2023: 1.1B (4.6%) 5% Germany, FY2023: 1.4B (6.0%) 6%
Region FY2025FY2024FY2023
Other countries $8.89B $9.03B $9.64B
United States $5.29B $5.05B $4.86B
Mexico $3.56B $3.67B $3.43B
China $3.04B $2.97B $3.04B
Morocco $1.30B $1.22B $1.09B
Germany $1.18B $1.36B $1.40B

As the company reported it, from the “Segment Reporting - Summary of Revenue from External Customers and Tangible Long-lived Assets by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Seating
  • E-Systems
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Seating, FY2025: 17.3B (74.3%) 74% Seating E-Systems, FY2025: 6B (25.7%) 26% E-Systems FY2024 Seating, FY2024: 17.2B (73.9%) 74% E-Systems, FY2024: 6.1B (26.1%) 26% FY2023 Seating, FY2023: 17.5B (74.8%) 75% E-Systems, FY2023: 5.9B (25.2%) 25%
Segment FY2025FY2024FY2023
Seating $17.28B $17.22B $17.55B
E-Systems $5.98B $6.08B $5.92B

As the company reported it, from the “Segment Reporting - Summary of Reconciliation of Consolidated Segment Earnings to Consolidated Income Before Provision for Income Taxes (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 8.229.029.735.496.222.6312.8017.3518.7913.48
EPS, diluted 8.158.979.685.476.192.6212.7517.2218.5913.33
Shares, diluted (wtd. avg.) 53.6M56.5M59.1M59.9M60.4M60.4M61.9M66.2M69.3M73.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2016: 18.6B Gross profit, FY2016: 2.1B Net income, FY2016: 975.1M Revenue, FY2017: 20.5B Gross profit, FY2017: 2.3B Net income, FY2017: 1.3B Revenue, FY2018: 21.1B Gross profit, FY2018: 2.3B Net income, FY2018: 1.1B Revenue, FY2019: 19.8B Gross profit, FY2019: 1.7B Net income, FY2019: 753.6M Revenue, FY2020: 17B Gross profit, FY2020: 1.1B Net income, FY2020: 158.5M Revenue, FY2021: 19.3B Gross profit, FY2021: 1.4B Net income, FY2021: 373.9M Revenue, FY2022: 20.9B Gross profit, FY2022: 1.4B Net income, FY2022: 327.7M Revenue, FY2023: 23.5B Gross profit, FY2023: 1.7B Net income, FY2023: 572.5M Revenue, FY2024: 23.3B Gross profit, FY2024: 1.6B Net income, FY2024: 506.6M Revenue, FY2025: 23.3B Gross profit, FY2025: 1.5B Net income, FY2025: 436.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $18.56B $20.47B $21.15B $19.81B $17.05B $19.26B $20.89B $23.47B $23.31B $23.26B
Gross profit $2.12B $2.29B $2.32B $1.74B $1.11B $1.39B $1.41B $1.71B $1.64B $1.50B
Net income $975.1M $1.31B $1.15B $753.6M $158.5M $373.9M $327.7M $572.5M $506.6M $436.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3714

TickerCompanyMarket capP/ERevenue growth
BWA BORGWARNER INC $11.19B 42.9x 1.6%
APTV Aptiv PLC $8.86B 56.9x 3.5%
ALSN Allison Transmission Holdings Inc $8.78B 14.5x -6.7%
ALV AUTOLIV INC $8.40B 12.0x 4.1%
MOD MODINE MANUFACTURING CO $7.08B 59.0x 23.1%
GNTX GENTEX CORP $4.35B 11.9x 9.6%
GTX Garrett Motion Inc. $4.03B 14.2x 3.1%
DORM Dorman Products, Inc. $3.72B 18.9x 6.0%