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LEA

Lear Corporation

LEA

Lear Corporation • NYSE
$107.36 ▼ -0.38% (-0.41)
Market Cap $5.78 B
52w High $113.10
52w Low $73.85
Dividend Yield 3.08%
P/E 13.09
Volume 768.26K
Outstanding Shares 53.81M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.68B ▼ $164M ▼ $108.2M ▼ 1.905% ▼ $2.033 ▼ $347.8M ▼
Q2-2025 $6.03B ▲ $179.2M ▲ $165.2M ▲ 2.739% ▲ $3.073 ▲ $390.5M ▲
Q1-2025 $5.56B ▼ $164.5M ▲ $80.7M ▼ 1.451% ▼ $1.497 ▼ $308.3M ▼
Q4-2024 $5.714B ▲ $161.7M ▼ $88.1M ▼ 1.542% ▼ $1.644 ▼ $344.1M ▼
Q3-2024 $5.584B $169.3M $135.8M 2.432% $2.423 $368.9M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.023B ▲ $15.158B ▼ $9.915B ▼ $5.106B ▲
Q2-2025 $900.5M ▲ $15.322B ▲ $10.111B ▲ $5.082B ▲
Q1-2025 $787.6M ▼ $14.623B ▲ $9.799B ▲ $4.658B ▲
Q4-2024 $1.06B ▲ $14.027B ▼ $9.427B ▼ $4.452B ▼
Q3-2024 $772.6M $14.818B $9.924B $4.765B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $108.2M ▼ $444.4M ▲ $-135.8M ▼ $-189.4M ▼ $119.5M ▲ $307M ▲
Q2-2025 $191.9M ▲ $296.2M ▲ $-122.8M ▼ $-75.4M ▲ $110.6M ▲ $170.8M ▲
Q1-2025 $102.5M ▼ $-127.7M ▼ $-67M ▲ $-84M ▲ $-272.7M ▼ $-231.7M ▼
Q4-2024 $114.5M ▼ $680.8M ▲ $-175.1M ▼ $-187.6M ▲ $287.7M ▲ $488.7M ▲
Q3-2024 $135.8M $182.7M $-138M $-255.3M $-185.9M $50.5M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
ESystems Segment
ESystems Segment
 $1.53Bn ▲$1.41Bn ▼$1.56Bn ▲$1.43Bn ▼
Seating Segment
Seating Segment
 $4.19Bn ▲$4.15Bn ▼$4.47Bn ▲$4.25Bn ▼

Five-Year Company Overview

Income Statement

Income Statement Lear’s sales have climbed meaningfully from a few years ago and are now roughly steady year to year, which is typical for a large auto supplier riding global vehicle production trends. Profitability has recovered well from the pandemic years, with earnings now much stronger than in 2020, but there was a slight step back versus the prior year, suggesting some margin pressure from costs, pricing, or product mix. Overall, this looks like a mature, cyclical business with stable but not spectacular margins, gradually improving over the long run but prone to small swings from one year to the next.

Balance Sheet

Balance Sheet The balance sheet appears solid and fairly stable over time. Total assets have edged up, indicating steady investment in the business. Cash reserves are healthy, though a bit lower than the prior year, while debt has crept higher, which modestly increases financial risk but not to alarming levels given the equity base. Shareholders’ equity has generally grown over the longer term, even if it dipped slightly recently. In simple terms, Lear looks reasonably well-capitalized, but with a bit more leverage than a few years ago that is worth watching if the auto cycle weakens.

Cash Flow

Cash Flow Lear consistently generates cash from its operations, and this cash generation has strengthened compared with the pandemic period. Free cash flow has been positive every year and has improved, even after funding a steady level of capital spending to support growth and new programs. The company is clearly reinvesting in plants, equipment, and technology while still leaving room for debt service and potential capital returns. The main risk is cyclicality: if auto production slows, cash flows could tighten, but the recent track record shows good resilience and discipline.

Competitive Edge

Competitive Edge Lear holds a strong position as a top-tier supplier in two critical areas: seating and electrical systems. Its advantages come from deep integration (design through manufacturing), long-standing relationships with major automakers, and a very broad global manufacturing footprint that makes it hard for new entrants to displace. Its role in complete seating systems and high-voltage electronics for electric vehicles gives it an important spot in automaker supply chains, with high switching costs. On the flip side, the company faces constant pricing pressure from large OEM customers, intense competition from other global suppliers, and exposure to regional production swings and labor costs. Overall, its competitive footing looks robust but requires continuous execution to maintain.

Innovation and R&D

Innovation and R&D Innovation is a clear focus and a major part of Lear’s story. In seating, it is moving from simple seat manufacturing to intelligent, comfort- and wellness-focused systems, with products like INTU, ComfortMax, and recyclable materials such as FlexAir. In E-Systems, Lear is tightly aligned with the shift to electric and connected vehicles, supplying advanced battery disconnect units, high-voltage power distribution, and connectivity hardware that support fast charging, range, and driver-assistance features. Initiatives like the IDEA program and the Palantir partnership aim to digitize and automate factories, targeting both cost savings and quality improvements. The opportunity is to convert this innovation into higher margins and more long-term contracts; the risk is the need for sustained investment, rapid technology change, and dependence on the pace of EV and autonomous adoption.

Summary

Lear looks like a financially solid, established auto supplier that has largely completed its recovery from the pandemic shock and is now in a phase of steady, modest growth with stable profitability. Its balance sheet and cash flows provide a reasonable cushion against industry cycles, while still supporting investment in new technologies. Strategically, the company is well placed in two key areas of the future car: smart interiors and vehicle electrification/connectivity. The main questions for the next few years are whether Lear can translate its innovation pipeline and manufacturing digitization into consistently higher margins, and how well it can navigate the inherent cyclicality and pricing pressure of the global auto industry.

NEWS

November 24, 2025 · 4:30 PM UTC

Lear to Participate in the Goldman Sachs 17th Annual Industrials & Autos Week

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November 20, 2025 · 4:15 PM UTC

Lear Declares Quarterly Cash Dividend

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October 31, 2025 · 6:30 AM UTC

Lear Reports Third Quarter 2025 Results

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September 30, 2025 · 3:06 PM UTC

Lear Announces Date for Third Quarter 2025 Earnings Conference Call

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