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Lear Corporation

LEA Consumer Cyclical Auto Parts

Lear Corporation’s revenue for fiscal 2025 (year ended December 2025) was $23.3 billion, roughly unchanged from fiscal 2024.

Revenue
+1.64%
EPS
+35.6%
Free cash flow
−48.4%
Total debt
−1.69%

Quarter to September 2026, against a year earlier

114.19 4.51 −3.80%
Market cap
$5.5B
P/E
10.0×
Fwd P/E
9.1×
Dividend yield
2.70%
F-score
6/9
Altman Z
2.86
Beneish M
−2.52
Dividend safety
77/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Seating
  • E-Systems

Every year since 2016 →

Insider Decisions last twelve months

Sold, $m 16.12
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 6 1 — 1 4 — 1 — — 1
Insider Ownership 2.74%

Capital & Financial Ratios $m

Size
Market Cap 5,500.00
Revenue ttm 23,793.80
Net income ttm 660.20
Free cash flow ttm 700.80
Net debt Q 1,827.30
Valuation
P/E 9.97
Forward P/E 9.10
Price / sales 0.24
Forward P/S Powerpack
Price / FCF 8.03
Price / book 1.09
Financial health
Current ratio Q 1.18
Debt / equity Q 0.53
Interest coverage Q 9.43
Growth
Revenue growth Q +1.64% (above 0%: growing)
Operating income growth Q +2.34% (above 0%: growing)
EPS, this year +18.41% (at or above 15%: strong)
EPS, next year A +10.37%
Revenue, next year A +2.28%
EPS, past 5 yrs +25.48% (at or above 15%: strong)
EPS, next 5 yrs A +14.97%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.3×, against a ten-year median of 0.5×; over the ten years it ranged from 0.3× in 2020 to 0.7× in 2021.
P/E against its own 10 years 26.04%
10-year low 10-year high
P/S against its own 10 years 7.15%
10-year low 10-year high
P/B against its own 10 years 6.09%
10-year low 10-year high
EV/Sales against its own 10 years 7.33%
10-year low 10-year high
EV/FCF against its own 10 years 32.59%
10-year low 10-year high

Dividends

Yield
2.70%
Annual rate
3.08
Payout ratio
26.9%
Growth, 2017–25
+5.55%/yr
  1. 2.00 ’17
  2. 2.80 ’18 +40
  3. 3.00 ’19 +7
  4. 1.02 ’20 −66
  5. 1.77 ’21 +74
  6. 3.08 ’22 +74
  7. 3.08 ’23 +0
  8. 3.08 ’24 +0
  9. 3.08 ’25 +0
  10. 3.19 ’26e +3
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,196 1,053 1,033 889
Receivables 3,681 3,589 3,903 4,076
Inventory 1,758 1,601 1,693 1,760
Other 1,001 941 1,034 1,286
7,637 7,184 7,663 8,011
2023 2024 2025 Q'26
Payables 3,434 3,251 3,417 3,777
ST’ Debt 0 2 4 641
Other — — — —
5,667 5,447 5,667 6,816

Compound Annual Growth %

10y 5y 3y
Sales 2.48% 6.41% 3.64%
Cash Flow (1.54%) 10.43% 2.15%
Earnings (5.21%) 22.48% 10.05%
Book Value 5.59% 2.42% 2.50%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 3.32 Actual 3.71

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 2.67 3.41 Beat by 0.74
Q1 FY26 3.44 3.87 Beat by 0.43
Q2 FY26 3.89 4.28 Beat by 0.39
Q3 FY26 3.32 3.71 Beat by 0.39
Q4 FY26 3.38 — Reports 3 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.34 3.79 2.74 — —
’25 1.49 3.06 2.02 1.58 8.15
’24 1.90 3.02 2.41 1.61 8.97
’23 2.41 2.84 2.25 2.18 9.68
’22 0.82 1.14 1.54 1.97 5.47
’21 3.36 2.89 (0.44) 0.36 6.19
’20 1.26 (4.89) 2.89 3.33 2.62
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 5,823 6,209 5,773 — —
’25 5,560 6,030 5,680 5,989 23,259
’24 5,995 6,012 5,584 5,715 23,306
’23 5,846 5,999 5,781 5,841 23,467
’22 5,208 5,071 5,241 5,371 20,892
’21 5,354 4,761 4,268 4,880 19,263
’20 4,458 2,445 4,900 5,243 17,046
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 98 461 329 — —
’25 (128) 296 444 476 1,089
’24 (35) 291 183 681 1,120
’23 (36) 311 404 570 1,249
’22 221 11 252 537 1,021
’21 248 260 (4) 167 670
’20 222 (524) 565 401 663
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (26) 288 158 — —
’25 (232) 171 307 281 527
’24 (148) 170 51 489 561
’23 (147) 143 251 377 623
’22 90 (161) 112 342 383
’21 135 120 (157) (13) 85
’20 113 (611) 474 234 211
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 3.6% a year for ten years. It grew −6.4% a year over the last ten.

Implied
3.6%
10 years, reported
−6.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 18,558 20,467 21,149 19,810 17,046 19,263 20,892 23,467 23,306 23,259 23,794 +2.5% 23,789 24,026 24,692 +2.0%
Gross margin, % 11.44 11.19 10.96 8.77 6.51 7.23 6.75 7.29 7.03 6.47 6.91 (5.0) pt
EBT 1,338 1,527 1,538 954 299 584 509 777 733 625 743 (8.1%)
EBT margin, % 7.21 7.46 7.27 4.81 1.76 3.03 2.44 3.31 3.14 2.69 3.12 (4.5) pt
Net income 1,041 1,381 1,247 831 234 462 409 646 592 527 660 (7.3%)
Per share, $
Per share, $ Revenue 256.52 298.61 322.03 321.09 282.89 320.61 350.09 398.89 415.13 437.46 482.93 +6.1%
Earnings 13.33 18.59 17.22 12.75 2.62 6.19 5.47 9.68 8.97 8.15 11.45 (5.3%)
Cash flow 22.38 26.01 27.10 20.82 11.01 11.15 17.12 21.24 19.95 20.48 27.68 (1.0%)
Capex (7.30) (8.67) (10.31) (9.79) (7.51) (9.74) (10.69) (10.65) (9.95) (10.56) (13.46) +4.2%
Free cash flow 15.08 17.34 16.79 11.03 3.50 1.41 6.42 10.59 10.00 9.92 14.22 (4.6%)
Book value 44.13 62.63 66.40 72.95 76.59 80.03 80.94 86.02 81.95 97.82 104.36 +9.2%
Shares, m 72 69 66 62 60 60 60 59 56 53 51 (3.4%)
Valuation, ×
Valuation, × P/E 9.97 9.61 7.15 10.78 61.40 29.65 23.01 14.65 10.59 14.06 9.97 19.1
P/S 0.52 0.60 0.38 0.43 0.56 0.57 0.36 0.36 0.23 0.26 0.24 0.4
P/B 3.01 2.86 1.85 1.88 2.08 2.29 1.56 1.65 1.16 1.17 1.09 1.9
EV/Sales 0.55 0.62 0.40 0.47 0.62 0.64 0.43 0.42 0.30 0.33 0.31 0.5
EV/FCF 9.42 10.70 7.73 13.65 50.24 144.35 23.48 15.88 12.47 14.75 10.64 30.3
Cash, $m
Cash, $m Operating cash flow 1,619 1,783 1,780 1,284 663 670 1,021 1,249 1,120 1,089 1,364 (4.3%)
Capex (528) (594) (677) (604) (452) (585) (638) (626) (559) (562) (663) +0.7%
Free cash flow 1,091 1,189 1,103 680 211 85 383 623 561 527 701 (7.8%)
Balance, $m
Balance, $m Working capital 1,467 1,759 1,780 1,741 1,700 2,005 1,806 1,970 1,737 1,996 1,195 +3.5%
Net debt 662 460 461 820 1,008 1,278 1,487 1,547 1,683 1,682 1,827 +10.9%
Shareholders’ equity 3,193 4,293 4,361 4,501 4,615 4,808 4,830 5,061 4,601 5,201 5,142 +5.6%
Returns, %
Returns, % ROA 10.10 11.79 9.68 6.50 1.22 2.82 2.42 4.02 3.53 3.03 3.84 (7.1) pt
ROIC 23.69 21.15 21.44 12.57 5.05 6.94 6.47 8.83 8.83 7.06 7.85 (16.6) pt
ROE 31.40 34.41 26.33 17.82 3.48 7.94 6.80 11.58 10.49 8.91 11.26 (22.5) pt
People
People Employees 148,400 165,000 81,400 81,500 174,600 160,100 168,700 186,600 173,700 164,300 — +1.1%
Revenue/emp, $m 0.13 0.12 0.26 0.24 0.10 0.12 0.12 0.13 0.13 0.14 — +1.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Lear Corporation supplies automakers with vehicle seats and electrical systems. Founded in 1917, it is headquartered in Southfield and led by chief executive Raymond E. Scott.

The company has two businesses. Seating designs and makes complete seats that automakers install in vehicles, as well as components such as covers, cushions, mechanisms and headrests. It also makes heating, ventilation, cooling, lumbar support and massage systems for seats. Lear can assemble seats in the sequence a customer needs them and deliver them just in time for vehicle production.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Seating 17,283 74.31%
E-Systems 5,976 25.69%
Gross margin 6.47%
Operating margin 3.34%
Pre-tax margin 2.69%

Revenue by segment since 2016

Lear Corporation vs peers in Auto Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AUR Aurora Innovation, Inc. $8.1B — (loss-making) — (loss-making) +200.00% (above 0%: growing) n/m −31.21% (below 0%: shrinking) (166.67%) (8,566.67%) Compare
LEA Lear Corporation $5.5B 10.0× 9.1× +1.64% (above 0%: growing) +35.64% (above 0%: growing) −48.40% (below 0%: shrinking) 6.62% 3.41%
LKQ LKQ Corporation $5.2B 20.7× 10.6× −5.14% (below 0%: shrinking) n/m −3.88% (below 0%: shrinking) 37.24% 1.60% Compare
MOD Modine Manufacturing Company $4.9B 38.4× 22.6× +34.58% (above 0%: growing) −32.53% (below 0%: shrinking) −222.95% (below 0%: shrinking) 20.66% 9.84% Compare
MBLY Mobileye Global Inc. $4.4B — (loss-making) — (loss-making) −2.38% (below 0%: shrinking) n/m −49.65% (below 0%: shrinking) 53.05% (16.67%) Compare
GNTX Gentex Corporation $4.3B 10.9× 10.1× −1.15% (below 0%: shrinking) −6.52% (below 0%: shrinking) +22.58% (above 0%: growing) 33.40% 17.76% Compare
DORM Dorman Products, Inc. $4.1B 20.6× 16.4× +3.31% (above 0%: growing) −19.54% (below 0%: shrinking) +3,022.01% (above 0%: growing) 39.45% 14.76% Compare
ATMU Atmus Filtration Technologies Inc. $3.8B 17.6× 16.2× +16.41% (above 0%: growing) +6.85% (above 0%: growing) +100.00% (above 0%: growing) 29.15% 18.41% Compare
GTX Garrett Motion Inc. $3.6B 9.8× 10.9× +3.10% (above 0%: growing) +33.33% (above 0%: growing) +33.33% (above 0%: growing) 22.15% 15.81% Compare
Median of peers $4.3B 19.1× 13.6× +3.20% −6.52% +9.35% 31.28% 12.30%

All 55 Auto Parts stocks →

From the latest earnings call

Updated

  • CEO Ray Scott said Lear had secured approximately $3.9 billion in net business awards year to date, including wins with Chinese automakers.
  • CFO Jason Cardew said weaker demand and a changed production outlook in China drove Lear’s revenue guidance revision.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 106.65%
Held by the ten largest 60.44%
Holder Shares Stake Change
PZENA INVESTMENT MANAGEMENT LLC 6.54m 13.27% −95.37k
Vanguard 6.12m 12.41% −85.02k
BlackRock 5.26m 10.65% +325.71k
Dimensional Fund Advisors 3.02m 6.12% +76.69k
American Century 2.09m 4.24% +219.49k
State Street 1.69m 3.42% −7.52k
GREENHAVEN ASSOCIATES INC 1.46m 2.95% −241.44k
Schroders 1.24m 2.51% −477.66k
MFS Investment Management 1.20m 2.44% −548.45k
Fidelity (FMR) 1.19m 2.42% −553.05k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 2 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 18.89m 25.19m 81.00
2024 17.44m 3.76m 65.00
2023 18.89m 25.30m 94.00
2022 15.38m 4.82m 81.00
2021 13.31m 23.44m 116.00

Ownership

Directors and executive officers, together less than 1%
Pzena Investment Management, LLC 15.30%
The Vanguard Group 12.80%
BlackRock, Inc. 9.30%
Dimensional Fund Advisors LP 5.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Lear Corporation (LEA) Latest News

30 Oct

Impact 3 · · MarketBeat
Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · InvestorsHub
Impact 3 · · PR Newswire

28 Oct

Impact 3 · · Zacks

23 Oct

Impact 3 · · Zacks

19 Oct

Impact 4 · · PR Newswire

25 Sep

Impact 4 · · Simply Wall St.

24 Sep

Impact 4 ·
Impact 3 · · PR Newswire

6 Aug

Impact 3 ·

3 Aug

Impact 3 ·

2 Aug

Impact 3 ·

31 Jul

Impact 4 · transcript
Impact 4 ·
Impact 3 · · Moby transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·

20 May

Impact 3 · · PR Newswire

12 May

Impact 3 · · Simply Wall St.

4 May

Impact 4 · · Zacks
Impact 3 · · Zacks

2 May

Impact 4 · · Simply Wall St.
Impact 4 · · GuruFocus.com

1 May

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 4 ·

LEA metrics, ten years each

stockrow.com/LEA · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com