NYSE : LEA
Lear Corporation — Financial statements
Consumer Discretionary · Auto Parts · United States
Last price 118.44 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.71B
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Financial statements
Lear Corporation (LEA) reported revenue of 23.79B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 23.79B | 23.26B | 23.31B | 23.47B | 20.89B | 19.26B |
| Cost of Revenue | 21.95B | 21.51B | 21.53B | 21.62B | 19.36B | 17.79B |
| Gross Profit | 1.85B | 1.74B | 1.78B | 1.84B | 1.53B | 1.48B |
| Selling, General & Admin | 724.20M | 679.30M | 690.10M | 696.10M | 653.10M | 604.04M |
| Amortization of Goodwill & Intangibles | 19.40M | 19.50M | 49.10M | 60.60M | 61.90M | 64.80M |
| Other Operating Expenses | 17.40M | 9.00M | 9.40M | 33.30M | 24.60M | 9.56M |
| Operating Expenses | 761.00M | 707.80M | 748.60M | 790.00M | 739.60M | 678.40M |
| Operating Income | 1.09B | 1.04B | 1.03B | 1.05B | 792.40M | 796.80M |
| Interest Expense | -95.70M | -100.80M | -106.20M | -101.10M | -98.60M | -91.80M |
| Earnings From Equity Investments | 64.20M | 52.00M | 50.00M | 49.30M | 33.10M | 15.80M |
| Currency Exchange Gain (Loss) | -24.00M | -39.80M | -21.40M | -53.00M | -30.40M | -24.80M |
| EBT Excluding Unusual Items | 1.03B | 948.10M | 950.60M | 948.20M | 696.50M | 696.00M |
| Merger & Restructuring Charges | -211.50M | -253.10M | -138.90M | -132.70M | -154.20M | -100.90M |
| Gain (Loss) on Sale of Assets | -2.70M | -24.40M | 11.30M | |||
| Asset Writedown | -19.20M | -15.20M | -4.40M | -8.20M | -14.60M | -16.20M |
| Legal Settlements | 45.00M | |||||
| Other Unusual Items | 7.20M | -24.60M | ||||
| Pretax Income | 807.40M | 677.10M | 782.90M | 826.50M | 542.40M | 599.30M |
| Income Tax Expense | 147.20M | 150.00M | 191.10M | 180.80M | 133.70M | 137.70M |
| Earnings From Continuing Operations | 660.20M | 527.10M | 591.80M | 645.70M | 408.70M | 461.60M |
| Minority Interest in Earnings | -75.80M | -90.30M | -85.20M | -73.20M | -81.00M | -87.70M |
| Net Income | 584.40M | 436.80M | 506.60M | 572.50M | 327.70M | 373.90M |
| Net Income to Common | 584.40M | 436.80M | 506.60M | 572.50M | 327.70M | 373.90M |
| Shares Outstanding (Basic) | 50.61M | 53.17M | 56.14M | 58.83M | 59.67M | 60.08M |
| Shares Outstanding (Diluted) | 51.17M | 53.59M | 56.48M | 59.12M | 59.92M | 60.42M |
| EPS (Basic) | 11.55 | 8.22 | 9.02 | 9.73 | 5.49 | 6.22 |
| EPS (Diluted) | 11.42 | 8.15 | 8.97 | 9.68 | 5.47 | 6.19 |
| Free Cash Flow | 700.80M | 527.20M | 561.40M | 622.80M | 383.20M | 85.00M |
| Free Cash Flow Per Share | 13.70 | 9.84 | 9.94 | 10.54 | 6.39 | 1.41 |
| Dividend Per Share | 3.08 | 3.08 | 3.08 | 3.08 | 3.08 | 1.77 |
| Gross Margin | 7.76% | 7.50% | 7.62% | 7.85% | 7.33% | 7.66% |
| Operating Margin | 4.57% | 4.46% | 4.41% | 4.49% | 3.79% | 4.14% |
| Profit Margin | 2.46% | 1.88% | 2.17% | 2.44% | 1.57% | 1.94% |
| Free Cash Flow Margin | 2.94% | 2.27% | 2.41% | 2.65% | 1.83% | 0.44% |
| EBITDA | 1.69B | 1.64B | 1.65B | 1.66B | 1.36B | 1.36B |
| EBITDA Margin | 7.12% | 7.05% | 7.07% | 7.05% | 6.51% | 7.07% |
| D&A For EBITDA | 607.80M | 604.10M | 620.70M | 602.50M | 567.60M | 565.40M |
| EBIT | 1.09B | 1.04B | 1.03B | 1.05B | 792.40M | 796.80M |
| EBIT Margin | 4.57% | 4.46% | 4.41% | 4.49% | 3.79% | 4.14% |
| Effective Tax Rate | 18.23% | 22.15% | 24.41% | 21.88% | 24.65% | 22.98% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 889.40M | 1.03B | 1.05B | 1.20B | 1.11B | 1.32B |
| Short-Term Investments | 6.10M | 10.10M | 6.60M | 4.80M | 3.60M | 3.50M |
| Cash & Short-Term Investments | 895.50M | 1.04B | 1.06B | 1.20B | 1.12B | 1.32B |
| Accounts Receivable | 4.08B | 3.90B | 3.59B | 3.68B | 3.45B | 3.04B |
| Other Receivables | 232.40M | 190.80M | 248.30M | 220.20M | 175.70M | 207.40M |
| Receivables | 4.31B | 4.09B | 3.84B | 3.90B | 3.63B | 3.25B |
| Inventory | 1.76B | 1.69B | 1.60B | 1.76B | 1.57B | 1.57B |
| Restricted Cash | 2.20M | 900.00K | 800.00K | 600.00K | 300.00K | 1.40M |
| Other Current Assets | 1.04B | 832.20M | 685.10M | 775.80M | 674.10M | 621.20M |
| Total Current Assets | 8.01B | 7.66B | 7.18B | 7.64B | 6.99B | 6.77B |
| Property, Plant & Equipment | 3.60B | 3.64B | 3.53B | 3.71B | 3.56B | 3.35B |
| Long-Term Investments | 112.80M | 105.00M | 93.80M | 79.70M | 71.80M | 74.20M |
| Goodwill | 1.78B | 1.78B | 1.70B | 1.74B | 1.66B | 1.66B |
| Other Long-Term Assets | 1.77B | 1.66B | 1.52B | 1.53B | 1.48B | 1.51B |
| Total Assets | 15.27B | 14.84B | 14.03B | 14.70B | 13.76B | 13.35B |
| Accounts Payable | 3.78B | 3.29B | 3.09B | 3.30B | 3.06B | 2.80B |
| Accrued Expenses | 2.20B | 1.62B | 1.58B | 1.56B | 1.47B | 1.39B |
| Short-Term Debt | 29.30M | 27.90M | 26.70M | 27.50M | 9.90M | |
| Current Portion of Long-Term Debt | 641.30M | 3.70M | 2.20M | 300.00K | 10.80M | 800.00K |
| Current Portion of Leases | 172.50M | 169.40M | 152.60M | 151.90M | 136.80M | 125.60M |
| Current Income Taxes Payable | 356.70M | 354.60M | 384.70M | 300.30M | 290.70M | |
| Other Current Liabilities | 203.60M | 239.50M | 237.80M | 203.70M | 147.80M | |
| Total Current Liabilities | 6.82B | 5.67B | 5.45B | 5.67B | 5.19B | 4.76B |
| Long-Term Debt | 2.08B | 2.71B | 2.73B | 2.74B | 2.59B | 2.60B |
| Long-Term Leases | 589.20M | 594.90M | 582.50M | 623.00M | 595.10M | 523.60M |
| Pension & Post-Retirement Benefits | 172.80M | 161.90M | 182.80M | 170.60M | 289.30M | |
| Other Long-Term Liabilities | 645.50M | 495.80M | 501.80M | 419.30M | 387.50M | 376.00M |
| Total Liabilities | 10.13B | 9.64B | 9.43B | 9.63B | 8.93B | 8.54B |
| Common Stock | 600.00K | 600.00K | 600.00K | 600.00K | 600.00K | 600.00K |
| Additional Paid-In Capital | 1.11B | 1.11B | 1.08B | 1.05B | 1.02B | 1.02B |
| Retained Earnings | 6.57B | 6.19B | 5.93B | 5.60B | 5.21B | 5.07B |
| Treasury Stock | -2.04B | -1.72B | -1.42B | -1.04B | -753.90M | -679.20M |
| Comprehensive Income & Other | -640.00M | -544.30M | -1.13B | -688.80M | -805.10M | -770.20M |
| Total Common Equity | 5.00B | 5.04B | 4.45B | 4.92B | 4.68B | 4.64B |
| Minority Interest | 144.00M | 165.90M | 149.30M | 141.80M | 151.50M | 165.00M |
| Shareholders' Equity | 5.14B | 5.20B | 4.60B | 5.06B | 4.83B | 4.81B |
| Total Liabilities & Equity | 15.27B | 14.84B | 14.03B | 14.70B | 13.76B | 13.35B |
| Total Debt | 3.51B | 3.51B | 3.50B | 3.55B | 3.34B | 3.25B |
| Net Cash (Debt) | -2.51B | -2.37B | -2.36B | -2.28B | -2.17B | -1.86B |
| Net Cash Per Share | -49.01 | -44.19 | -41.70 | -38.50 | -36.24 | -30.86 |
| Filing Date Shares Outstanding | 48.19M | 50.73M | 53.64M | 57.03M | 59.13M | 59.70M |
| Total Common Shares Outstanding | 48.19M | 50.65M | 53.58M | 56.98M | 59.08M | 59.63M |
| Working Capital | 1.20B | 2.00B | 1.74B | 1.97B | 1.81B | 2.01B |
| Book Value Per Share | 103.71 | 99.42 | 83.09 | 86.33 | 79.20 | 77.88 |
| Tangible Book Value | 3.22B | 3.26B | 2.75B | 3.18B | 3.02B | 2.99B |
| Tangible Book Value Per Share | 66.87 | 64.31 | 51.37 | 55.83 | 51.09 | 50.07 |
| Land | 97.30M | 102.90M | 98.60M | 105.60M | 104.60M | 108.70M |
| Buildings | 1.00B | 1.00B | 898.30M | 919.40M | 868.60M | 850.30M |
| Machinery | 6.14B | 5.98B | 5.49B | 5.32B | 4.87B | 4.50B |
| Construction In Progress | 407.70M | 355.30M | 335.80M | 408.70M | 378.00M | 345.60M |
| Order Backlog | 1.30B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 584.40M | 436.80M | 506.60M | 572.50M | 327.70M | 373.90M |
| Depreciation & Amortization | 607.80M | 604.10M | 620.70M | 602.50M | 567.60M | 565.40M |
| Asset Writedown & Restructuring Costs | 61.50M | 61.50M | 10.50M | 24.20M | 38.00M | 27.60M |
| Loss (Gain) From Sale of Investments | 2.60M | 2.60M | 7.00M | 1.00M | ||
| Loss (Gain) on Equity Investments | -52.00M | -52.00M | -50.00M | -49.30M | -33.10M | -15.80M |
| Stock-Based Compensation | 66.20M | 66.20M | 64.40M | 67.50M | 52.00M | 60.30M |
| Other Operating Activities | -91.40M | 14.70M | 89.20M | -1.30M | 70.40M | 80.00M |
| Change in Accounts Receivable | 149.90M | -89.30M | -72.80M | -148.30M | -518.80M | 160.90M |
| Change in Inventory | -12.30M | 900.00K | 76.90M | -117.90M | -29.80M | -213.40M |
| Change in Accounts Payable | 127.30M | -28.70M | -48.80M | 162.40M | 368.60M | -129.60M |
| Change in Other Net Operating Assets | -80.20M | 72.00M | -76.60M | 130.00M | 178.80M | -240.20M |
| Operating Cash Flow | 1.36B | 1.09B | 1.12B | 1.25B | 1.02B | 670.10M |
| Capital Expenditures | -663.00M | -561.60M | -558.70M | -626.50M | -638.20M | -585.10M |
| Cash Acquisitions | -800.00K | -174.50M | -188.30M | |||
| Other Investing Activities | 17.50M | 44.80M | 16.50M | 39.50M | -3.80M | -61.60M |
| Investing Cash Flow | -645.50M | -516.80M | -543.00M | -761.50M | -830.30M | -646.70M |
| Short-Term Debt Issued | 17.70M | 8.00M | ||||
| Long-Term Debt Issued | 150.00M | 698.70M | ||||
| Total Debt Issued | 167.70M | 8.00M | 698.70M | |||
| Long-Term Debt Repaid | -50.00M | -50.00M | -441.80M | |||
| Total Debt Repaid | -50.00M | -50.00M | -50.00M | -441.80M | ||
| Net Debt Issued (Repaid) | -50.00M | -50.00M | -50.00M | 167.70M | 8.00M | 256.90M |
| Repurchase of Common Stock | -525.10M | -325.20M | -416.70M | -296.50M | -100.30M | -100.30M |
| Common Dividends Paid | -158.60M | -164.80M | -173.70M | -181.90M | -185.50M | -106.70M |
| Other Financing Activities | -114.90M | -78.50M | -53.50M | -108.80M | -109.50M | -63.50M |
| Financing Cash Flow | -848.60M | -618.50M | -693.90M | -419.50M | -387.30M | -13.60M |
| Foreign Exchange Rate Adjustments | 9.00M | 26.40M | -26.30M | 12.80M | -7.70M | -3.00M |
| Net Cash Flow | -121.30M | -20.10M | -143.10M | 81.10M | -203.90M | 6.80M |
| Free Cash Flow | 700.80M | 527.20M | 561.40M | 622.80M | 383.20M | 85.00M |
| Free Cash Flow Margin | 2.94% | 2.27% | 2.41% | 2.65% | 1.83% | 0.44% |
| Free Cash Flow Per Share | 13.70 | 9.84 | 9.94 | 10.54 | 6.39 | 1.41 |
| Levered Free Cash Flow | 748.89M | 398.94M | 791.85M | 534.94M | 380.12M | 185.82M |
| Unlevered Free Cash Flow | 808.70M | 461.94M | 858.23M | 598.12M | 441.75M | 243.20M |
| Cash Interest Paid | 110.70M | 114.10M | 115.70M | 112.20M | 96.50M | 91.60M |
| Cash Income Tax Paid | 265.10M | 276.80M | 267.50M | 217.60M | 194.60M | 148.30M |
| Change in Working Capital | 184.70M | -45.10M | -121.30M | 26.20M | -1.20M | -422.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.89B | 5.94B | 5.15B | 8.23B | 7.33B | 10.91B |
| Enterprise Value | 8.40B | 8.52B | 8.00B | 10.85B | 9.85B | 12.82B |
| Last Close Price | 118.44 | 112.59 | 90.18 | 131.00 | 112.55 | 162.40 |
| PE Ratio | 10.70 | 13.61 | 10.16 | 14.37 | 22.37 | 29.17 |
| Forward PE | 7.64 | 8.70 | 7.51 | 9.96 | 10.29 | 15.51 |
| PS Ratio | 0.25 | 0.26 | 0.22 | 0.35 | 0.35 | 0.57 |
| PB Ratio | 1.14 | 1.14 | 1.12 | 1.63 | 1.52 | 2.27 |
| P/TBV Ratio | 1.84 | 1.82 | 1.87 | 2.59 | 2.43 | 3.65 |
| P/FCF Ratio | 8.46 | 11.28 | 9.17 | 13.21 | 19.13 | 128.32 |
| P/OCF Ratio | 4.35 | 5.46 | 4.59 | 6.58 | 7.18 | 16.28 |
| PEG Ratio | 0.50 | 1.11 | 0.53 | 0.31 | 0.31 | 0.29 |
| EV/Sales Ratio | 0.35 | 0.37 | 0.34 | 0.46 | 0.47 | 0.67 |
| EV/EBITDA Ratio | 4.98 | 5.19 | 4.85 | 6.55 | 7.25 | 9.41 |
| EV/EBIT Ratio | 7.76 | 8.21 | 7.78 | 10.30 | 12.43 | 16.09 |
| EV/FCF Ratio | 12.04 | 16.15 | 14.24 | 17.42 | 25.71 | 150.85 |
| Debt / Equity Ratio | 0.68 | 0.67 | 0.76 | 0.70 | 0.69 | 0.68 |
| Debt / EBITDA Ratio | 1.81 | 1.88 | 1.87 | 1.90 | 2.15 | 2.09 |
| Debt / FCF Ratio | 5.00 | 6.65 | 6.23 | 5.69 | 8.73 | 38.18 |
| Net Debt / Equity Ratio | 0.49 | 0.46 | 0.51 | 0.45 | 0.45 | 0.39 |
| Net Debt / EBITDA Ratio | 1.48 | 1.44 | 1.43 | 1.38 | 1.60 | 1.37 |
| Net Debt / FCF Ratio | 3.58 | 4.49 | 4.20 | 3.65 | 5.67 | 21.94 |
| Asset Turnover | 1.56 | 1.61 | 1.62 | 1.65 | 1.54 | 1.45 |
| Inventory Turnover | 12.46 | 13.06 | 12.82 | 12.98 | 12.31 | 11.97 |
| Quick Ratio | 0.76 | 0.91 | 0.90 | 0.90 | 0.92 | 0.96 |
| Current Ratio | 1.18 | 1.35 | 1.32 | 1.35 | 1.35 | 1.42 |
| Return on Equity (ROE) | 12.72% | 10.76% | 12.25% | 13.06% | 8.48% | 9.80% |
| Return on Assets (ROA) | 4.46% | 4.49% | 4.47% | 4.62% | 3.65% | 3.75% |
| Return on Invested Capital (ROIC) | 11.40% | 10.98% | 10.76% | 11.38% | 8.66% | 9.52% |
| Return on Capital Employed (ROCE) | 12.90% | 11.30% | 12.00% | 11.70% | 9.20% | 9.30% |
| Earnings Yield | 9.34% | 7.35% | 9.84% | 6.96% | 4.47% | 3.43% |
| FCF Yield | 11.82% | 8.87% | 10.91% | 7.57% | 5.23% | 0.78% |
| Dividend Yield | 2.52% | 2.62% | 3.21% | 2.13% | 2.48% | 0.97% |
| Payout Ratio | 26.96% | 37.73% | 34.29% | 31.77% | 56.61% | 28.54% |
| Buyback Yield / Dilution | 5.53% | 5.11% | 4.47% | 1.34% | 0.83% | 0.02% |
| Total Shareholder Return | 8.03% | 7.73% | 7.67% | 3.48% | 3.31% | 0.98% |