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Lear Corporation

Lear Corporation

NYSE•LEA
CEO: Mr. Raymond E. Scott Jr.
Sector: Consumer Cyclical
Industry: Auto - Parts
Listing Date: 2009-11-09
Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles. The company's E-Systems segment provides electrical distribution and connection systems that route electrical signals and networks; and manage electrical power within the vehicle for various powertrains. This segment's products comprise wire harnesses, terminals and connectors, engineered components, and junction boxes; electronic system products, including body domain control modules, smart and passive junction boxes, gateway and communication modules, integrated power modules, and high voltage switching and power control systems. It also offers software and connected services comprising Xevo Market, an in-vehicle commerce and service platform; and software and services for the cloud, vehicles, and mobile devices. In addition, this segment provides cybersecurity software; advanced vehicle positioning for automated and autonomous driving applications; and short-range communication and cellular protocols for vehicle connectivity. It offers its products and services under the XEVO, GUILFORD, EAGLE OTTAWA, ConfigurE+, INTUTM, LEAR CONNEXUSTM, EXO, JOURNEYWARE, ProTec, SMART JUNCTION BOX, STRUCSURE, AVENTINO, and TeXstyle brands. Lear Corporation was founded in 1917 and is headquartered in Southfield, Michigan.
Contact Information
21557 Telegraph Road, Southfield, MI, 48033, United States
248-447-1500
www.lear.com
Market Cap
$5.60B
P/E (TTM)
12.5
27.7
Dividend Yield
3.0%
52W High
$113.10
52W Low
$73.85
52W Range
77%
5.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$5.68B+1.71%
4-Quarter Trend

EPS

$2.03-15.99%
4-Quarter Trend

FCF

$307.00M+507.92%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Operating Cash Flow Rises Operating cash flow increased $173.6M to $612.9M for nine months 2025, reflecting lower working capital usage compared to prior year.
Total Assets Increase Total assets grew to $15.16B by September 27, 2025, up from $14.03B at year-end 2024; shareholders' equity increased to $5.24B.
Debt Maturity Extended Revolving Credit Agreement maturity extended to July 2030; Term Loan maturity extended to September 2027, securing liquidity.
Acquisition Accelerates Automation Acquired StoneShield in February 2025 to accelerate automation technology integration within the E-Systems segment for efficiency gains.

Risk Factors

Nine Month Sales Decline Nine month net sales decreased $321M (2%) to $17.27B due to lower platform volumes, partially offset by favorable foreign exchange.
Restructuring Costs Rise Pretax restructuring costs increased $48.3M to $156.0M for nine months 2025, driven by ongoing alignment and operational actions.
Trade Tariffs Threaten Margins New U.S. tariffs on steel, copper, and auto parts could adversely impact E-Systems cost of sales if recovery from customers fails.
E-Systems Margin Compression E-Systems segment margin compressed to 3.5% from 4.1% for nine months 2025 due to lower volumes and higher restructuring costs.

Outlook

Future Restructuring Incurrence Expect approximately $31M in additional restructuring costs related to activities initiated as of September 27, 2025, incurred over next twelve months.
Four Pillar Growth Strategy Strategy focuses on extending Seating leadership, accelerating E-Systems growth, investing in automation, and prioritizing sustainability initiatives.
Share Repurchase Authorization Maintain share repurchase program with $949.8M authorization remaining, which expires on December 31, 2026.
Capital Spending Forecast Capital spending is estimated to be $560M for the full year 2025, compared to $367M spent in the first nine months of 2025.

Peer Comparison

Revenue (TTM)

Lear CorporationLEA
$22.99B
-1.9%
Group 1 Automotive, Inc.GPI
$22.54B
+19.4%
Asbury Automotive Group, Inc.ABG
$17.83B
+8.1%

Gross Margin (Latest Quarter)

Mattel, Inc.MAT
50.0%
-3.1 pp
Allison Transmission Holdings, Inc.ALSN
47.5%
-0.6 pp
Dorman Products, Inc.DORM
44.4%
+3.9 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ALSN$7.02B10.140.5%43.5%
MAT$6.45B14.818.8%30.2%
SEE$6.29B16.343.2%4.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.2%
Flat Growth
4Q Net Income CAGR
+7.1%
Profitability Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 27, 2025|Filed: Oct 31, 2025|
    Revenue: $5.68B+1.7%
    |
    EPS: $2.03-16.0%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 28, 2025|Filed: Jul 25, 2025|
    Revenue: $6.03B+0.3%
    |
    EPS: $3.07+1.1%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 29, 2025|Filed: May 6, 2025|
    Revenue: $5.56B-7.2%
    |
    EPS: $1.50-21.5%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 14, 2025|
    Revenue: $23.30B-0.7%
    |
    EPS: $9.02-7.3%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 28, 2024|Filed: Oct 24, 2024|
    Revenue: $5.58B-3.4%
    |
    EPS: $2.42+7.1%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 29, 2024|Filed: Jul 25, 2024|
    Revenue: $6.01B+0.2%
    |
    EPS: $3.04+6.7%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 30, 2024|Filed: Apr 30, 2024|
    Revenue: $5.99B+2.6%
    |
    EPS: $1.91-21.1%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 8, 2024|
    Revenue: $23.47B+12.4%
    |
    EPS: $9.73+77.2%
    Miss