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Lear Corp (LEA) stock

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NYSE: LEA NYSE Automotive Parts & Equipment Next results ~February 3, 2027

C+ Fundamentals grade

Lear Corp is a US-listed company in the automotive parts & equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$180

Cash-flow model

Base case. Range ~$120–$250 across our lower- and higher-growth cases (-2.7%–7.3% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 31% below our base value.

Price used: $122.29, November 2, 2026

Lear Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 8 selling0 purchases and 22 sales by directors and officers, last 12 monthsInsider trades
  • Funds262 adding, 206 cuttingOf 63 active managers that changed their stake, 34 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Lear files

10-Q filed October 30: Lear

Revenue for the twelve months to October 2026 was $23.8bn, up 3.5% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin held at 2.9%. The diluted share count is down 5.5% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from C to C+. Our model value is little changed at $189 a share, against a share price of $120. The rating stays Buy. At that price, our model says the market is pricing in cash flow shrinking about 4.4% a year for five years, slower than the 4.3% a year revenue growth it has delivered.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Lear stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $23.7bn, up 3.5% on a year earlier, faster than 2.8% a quarter earlier. Free-cash-flow margin rose to 3.6% from 2.1% a year earlier. The diluted share count is down 5.0% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $178 a share, against a share price of $119. At that price, our model says the market is pricing in cash flow shrinking about 3.1% a year for five years, slower than the 4.2% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 3, 2027 (estimated)

Lear Corp's trailing-twelve-month revenue grew 3.5% year on year, with a free-cash-flow margin of 2.9%. Where it stands out: stock pay as % of revenue of 0.3% ranks 3 of 22 automotive parts & equipment companies we cover. Where it lags: gross margin of 6.9% ranks 24 of 26 automotive parts & equipment companies we cover.

Our discounted-cash-flow model values the business at ~$180 per share in the base case (~$120–$250 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 4.6% while net income grew 32.2%: a 37pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $122.29 is 44% below our value per share of $180.
  • Shrinking share count. Diluted shares fell 5.5% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Insiders selling. 8 insiders sold $16M of stock over the past 365 days and none bought (9% under pre-set trading plans).
  • Below peers: gross margin. Gross margin of 6.9% ranks 24 of 26 automotive parts & equipment companies we cover (median 21.1%).
  • Short interest rising. Shares sold short rose 43% in a month to 9.0% of tradable shares.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$3.71 against an average estimate of $3.32: beat by 11.6%
Revenue
$5.77bn, up 1.6% on a year earlier
Share reaction
+4.2% in the first session after the results on October 30, 2026, against -2.2% for the S&P 500
Guidance given
net Sales $23,540m to $24,010m (Full Year 2026); core Operating Earnings $1,080m to $1,200m (Full Year 2026)
Next report
October 30, 2026; average EPS estimate $3.51

Lear's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.3%
  • 1 week+4.9%
  • 1 month+1.2%
  • This year+8.6%
  • 1 year+19.8%
  • 5 years-22.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$23.8B
Operating margin
3.7%
Net margin
2.5%
EPS (TTM, diluted)
$11.42

Growth

Revenue growth
+3.5%
Change in growth rate
−0.0 pts
Share count change
−5.5%

Cash

Free cash flow (TTM)
$701M
FCF margin
2.9%
Stock pay % of revenue
0.3%

Earnings

Last results
October 30, 2026
Next results (est.)
February 3, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Announcement
  4. Results
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Lear Corp valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 3.0% a year for five years.That is slower than the 4.3% a year revenue growth Lear has delivered.

  • Priced in-3.0%
  • Last 12 months3.5%
  • 3 years a year1.1%
  • 5 years a year4.3%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($122.36, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$180
Price used
$122.36close November 3, 2026
Implied change
▲ +44%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Lear Corp's free cash flow after stock-based pay with after-tax interest added back ($652M, FY2026 Q3 TTM), growing 1.1% and 1.9% in the next two years (forecasts, guidance and its record), then back to 2.3% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$120–~$250 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Lear Corp's free cash flow after stock-based pay ( $652M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Lear Corp as an operating company, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.9 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$180 ~$120–$250 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$140 ~$120–$180 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$110 ~$79–$160 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$110 ~$99–$140 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$140 ~$110–$180 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Lear Corp with Automotive Parts & Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −29%
  • Revenue growth 5 points higher ▲ +38%
  • Free-cash-flow margin 1 point lower ▼ −36%
  • Last year's free-cash-flow margin change, if it persists ▼ −8%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $149$216$306$423$577$775
8.5% $104$153$218$302$411$552
10% $78$115$165$230$313$420

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$100.39$109.32$147.84$104.53$119.56$139.76$162.40$112.55$131.00$90.18$112.59$122.29
Market value$7.8bn$8.0bn$10.2bn$6.9bn$7.4bn$8.4bn$9.8bn$6.7bn$7.7bn$5.1bn$6.0bn$6.3bn
+ Net debt (− = net cash)$769m$681m$473m$484m$847m$1.0bn$1.3bn$1.5bn$1.6bn$1.7bn$1.7bn$1.9bn
Enterprise value$8.6bn$8.7bn$10.7bn$7.4bn$8.3bn$9.5bn$11.1bn$8.2bn$9.3bn$6.8bn$7.7bn$8.1bn
Multiples
Price / sales 0.4x0.4x0.5x0.3x0.4x0.5x0.5x0.3x0.3x0.2x0.3x0.3x
Price / earnings 10.5x8.2x7.8x6.0x9.8x53.3x26.2x20.6x13.5x10.1x13.8x10.7x
Price / free cash flow 9.9x7.3x8.6x6.3x10.9x40.1x115.4x17.6x12.4x9.1x11.4x8.9x
EV / EBITDA 5.6x4.7x5.3x3.5x5.2x9.5x8.9x6.7x6.1x4.5x5.6x5.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

52 /100

Moderate moat

How hard Lear's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Cash operating profit has been a median 8.9% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 8.6%, moving by 1.8 percentage points (standard deviation) across 10 years.

  • Durability 7 / 20

    Operating margin has been a median 3.7%; its worst year was 1.9%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 10 of 10 years, at a median 2.8% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 15.3% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (57 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $14.99 +17% $23.8bn +2%
Next $16.73 +12% $24.0bn +1%

Next year's EPS estimate has moved −4.3% in 90 days, across 15 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.2% on 90 days ago. In the last 30 days, 1 analyst raised Lear Corp's forecast and 4 cut it.

Consensus EPS forecast Lear Corp, last 90 days
$14.00 $15.00 $16.00 $17.00 $18.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $14.96 Current fiscal year, 60 days ago: $15.02 Current fiscal year, 30 days ago: $15.03 Current fiscal year, 7 days ago: $14.98 Current fiscal year, Now: $14.99 $14.99 Next fiscal year, 90 days ago: $17.47 Next fiscal year, 60 days ago: $17.04 Next fiscal year, 30 days ago: $16.87 Next fiscal year, 7 days ago: $16.68 Next fiscal year, Now: $16.73 $16.73

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $14.96$17.47
60 days ago $15.02$17.04
30 days ago $15.03$16.87
7 days ago $14.98$16.68
Now $14.99$16.73

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $3.32 $3.71 +11.6%
Jun 2026 $3.98 $4.28 +7.6%
Mar 2026 $3.51 $3.87 +10.4%
Dec 2025 $2.80 $3.41 +21.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 31, 2026
  • Net Sales Full Year 2026 $23,540m to $24,010m Raised
    “Net Sales $23,540 million - $24,010 million” source
  • Core Operating Earnings Full Year 2026 $1,080m to $1,200m Non-GAAP Raised
    “Core Operating Earnings $1,080 million - $1,200 million” source
  • Adjusted EBITDA Full Year 2026 $1,700m to $1,820m Non-GAAP Raised
    “Adjusted EBITDA $1,700 million - $1,820 million” source
  • Restructuring Costs Full Year 2026 about $175m Raised
    “Restructuring Costs ≈$175 million” source
  • Operating Cash Flow Full Year 2026 $1,250m to $1,350m Raised
    “Operating Cash Flow $1,250 million - $1,350 million” source
  • Capital Spending Full Year 2026 about $660m Raised
    “Capital Spending ≈$660 million” source
Show 1 more item
  • Free Cash Flow Full Year 2026 $590m to $690m Non-GAAP Raised
    “Free Cash Flow $590 million - $690 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Lear Corp's revenue by +1.1% next year and +1.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+0.8%, weight 56%) , management guidance (+0.7%, weight 19%) and the company's own record (+2.3%, weight 25%) . How the weights are set.

Analyst recommendations

16 analysts, Oct 2026
Buy531%
Hold1169%
Sell00%

Monthly trend

  1. Oct 202641116
  2. Sep 202641116
  3. Aug 202641116
  4. Jul 2026241016

Counts of recommendations published by analysts covering Lear Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.0%
of tradable shares
Days to cover
4.79
at average volume
Short interest, 1 month
+43%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.5%
of shares
Employees
164,300
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +19.8%

$102.07 on October 31, 2025 to $122.29

ThenNowEffect
Revenue (last 12 months) $22.9bn $23.7bn +3.5%
Net margin 2.1% 2.3% +14.3%
P/E multiple 11.9x 11.5x −3.8%
Share count 55m 52m +5.2%

Biggest factor: net margin.

Last 3 years +1.4%

$120.64 on November 3, 2023 to $122.29

ThenNowEffect
Revenue (last 12 months) $22.5bn $23.7bn +5.5%
Net margin 2.3% 2.3% +0.9%
P/E multiple 13.8x 11.5x −16.7%
Share count 60m 52m +14.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LEA+16%−31%+16%−31%+25%+9%
Industry peers (median)+16%−29%+7%−19%+23%−8%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LEA50%33%50%33%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LEA−28%−37%−20%−36%−24%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 65% from June 8, 2018 to March 18, 2020. Getting back needed a 182% gain, reached on June 1, 2021, 440 days after the low.

Price behaviour

52-week range
$96.83 – $147.77
From 52-week high
−17.2%
vs 50-day average
+0.3%
vs 200-day average
−4.0%
Volatility (1 year)
34%
Beta vs S&P 500
0.97

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±6.2%
After a week
6 up, 5 down
typical move ±8.4%
After a month
7 up, 4 down
typical move ±6.2%
Results releasedNext dayS&P 500 next day5 days21 days
October 30, 2026 +4.2% −2.2% — —
July 31, 2026 −14.5% +2.2% −16.1% −14.6%
May 1, 2026 +2.1% −0.1% +9.9% +15.9%
February 4, 2026 +13.8% −1.7% +16.1% +1.1%
October 31, 2025 +4.5% +0.5% +6.4% +4.2%
July 25, 2025 −8.6% +0.4% −13.9% +1.4%
May 6, 2025 −2.9% −0.4% +8.1% −0.3%
February 6, 2025 +2.9% −0.6% +3.1% +7.2%
October 24, 2024 −6.0% +0.2% −8.8% −6.7%
July 25, 2024 +4.2% +0.6% +2.8% +0.3%
April 30, 2024 −9.4% −1.9% −6.7% −9.8%
February 6, 2024 −1.5% +1.1% −1.0% +6.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Lear Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Lear Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Lear Corp
$22.5B $23B $23.5B $24B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $23.5B Revenue (TTM), FY24 Q1: $23.6B Revenue (TTM), FY24 Q2: $23.6B Revenue (TTM), FY24 Q3: $23.4B Revenue (TTM), FY24 Q4: $23.3B Revenue (TTM), FY25 Q1: $22.9B Revenue (TTM), FY25 Q2: $22.9B Revenue (TTM), FY25 Q3: $23B Revenue (TTM), FY25 Q4: $23.3B Revenue (TTM), FY26 Q1: $23.5B Revenue (TTM), FY26 Q2: $23.7B Revenue (TTM), FY26 Q3: $23.8B $23.8B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $23.5B
FY24 Q1 $23.6B
FY24 Q2 $23.6B
FY24 Q3 $23.4B
FY24 Q4 $23.3B
FY25 Q1 $22.9B
FY25 Q2 $22.9B
FY25 Q3 $23B
FY25 Q4 $23.3B
FY26 Q1 $23.5B
FY26 Q2 $23.7B
FY26 Q3 $23.8B
Revenue growth, TTM YoY Lear Corp
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 12.3% Revenue growth, TTM YoY, FY24 Q1: 9.7% Revenue growth, TTM YoY, FY24 Q2: 5.2% Revenue growth, TTM YoY, FY24 Q3: 1.9% Revenue growth, TTM YoY, FY24 Q4: -0.7% Revenue growth, TTM YoY, FY25 Q1: -3.2% Revenue growth, TTM YoY, FY25 Q2: -3.1% Revenue growth, TTM YoY, FY25 Q3: -1.9% Revenue growth, TTM YoY, FY25 Q4: -0.2% Revenue growth, TTM YoY, FY26 Q1: 2.8% Revenue growth, TTM YoY, FY26 Q2: 3.5% Revenue growth, TTM YoY, FY26 Q3: 3.5% 3.5%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 12.3%
FY24 Q1 9.7%
FY24 Q2 5.2%
FY24 Q3 1.9%
FY24 Q4 -0.7%
FY25 Q1 -3.2%
FY25 Q2 -3.1%
FY25 Q3 -1.9%
FY25 Q4 -0.2%
FY26 Q1 2.8%
FY26 Q2 3.5%
FY26 Q3 3.5%
Operating margin (TTM) Lear Corp
3.2% 3.4% 3.6% 3.8% 4% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 4.0% Operating margin (TTM), FY24 Q1: 3.8% Operating margin (TTM), FY24 Q2: 3.8% Operating margin (TTM), FY24 Q3: 3.8% Operating margin (TTM), FY24 Q4: 3.8% Operating margin (TTM), FY25 Q1: 3.8% Operating margin (TTM), FY25 Q2: 3.8% Operating margin (TTM), FY25 Q3: 3.6% Operating margin (TTM), FY25 Q4: 3.3% Operating margin (TTM), FY26 Q1: 3.6% Operating margin (TTM), FY26 Q2: 3.7% Operating margin (TTM), FY26 Q3: 3.7% 3.7%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 4.0%
FY24 Q1 3.8%
FY24 Q2 3.8%
FY24 Q3 3.8%
FY24 Q4 3.8%
FY25 Q1 3.8%
FY25 Q2 3.8%
FY25 Q3 3.6%
FY25 Q4 3.3%
FY26 Q1 3.6%
FY26 Q2 3.7%
FY26 Q3 3.7%
FCF margin (TTM) Lear Corp
1.5% 2% 2.5% 3% 3.5% 4% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 2.7% FCF margin (TTM), FY24 Q1: 2.6% FCF margin (TTM), FY24 Q2: 2.7% FCF margin (TTM), FY24 Q3: 1.9% FCF margin (TTM), FY24 Q4: 2.4% FCF margin (TTM), FY25 Q1: 2.1% FCF margin (TTM), FY25 Q2: 2.1% FCF margin (TTM), FY25 Q3: 3.2% FCF margin (TTM), FY25 Q4: 2.3% FCF margin (TTM), FY26 Q1: 3.1% FCF margin (TTM), FY26 Q2: 3.6% FCF margin (TTM), FY26 Q3: 2.9% 2.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 2.7%
FY24 Q1 2.6%
FY24 Q2 2.7%
FY24 Q3 1.9%
FY24 Q4 2.4%
FY25 Q1 2.1%
FY25 Q2 2.1%
FY25 Q3 3.2%
FY25 Q4 2.3%
FY26 Q1 3.1%
FY26 Q2 3.6%
FY26 Q3 2.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Lear took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $23.3B
  2. Cost of revenue $21.8B · 93.5%
  3. Gross profit $1.5B · 6.5%
  4. Selling, general and admin $708M · 3.0%
  5. Operating income $777M · 3.3%
  6. Income tax $150M · 0.6%
  7. Interest and other $191M · 0.8%
  8. Net income $437M · 1.9%

Shares of revenue. Source: Lear's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Oct 2026
Income
Revenue 12.0 14.2 14.6 16.2 17.7 18.2 18.6 20.5 21.1 19.8 17.0 19.3 20.9 23.5 23.3 23.3 23.8
Gross profit — — — — — — 2.1 2.3 2.3 1.7 1.1 1.4 1.4 1.7 1.6 1.5 1.6
EBITDA — — — 1.0 1.2 1.5 1.8 2.0 2.1 1.6 1.0 1.2 1.2 1.5 1.5 1.4 1.5
Operating income — — — 0.7 0.9 1.2 1.5 1.6 1.7 1.1 0.5 0.7 0.7 0.9 0.9 0.8 0.9
Net income 0.4 0.5 1.3 0.4 0.7 0.7 1.0 1.3 1.1 0.8 0.2 0.4 0.3 0.6 0.5 0.4 0.6
Diluted EPS $4.05 $5.08 $12.85 $4.99 $8.23 $9.59 $13.33 $18.59 $17.22 $12.75 $2.62 $6.19 $5.47 $9.68 $8.97 $8.15 $11.42
Growth (year on year)
Revenue — +18.4% +2.9% +11.4% +9.2% +2.7% +1.9% +10.3% +3.3% −6.3% −14.0% +13.0% +8.5% +12.3% −0.7% −0.2% +3.5%
EBITDA — — — — +21.3% +23.7% +19.9% +10.7% +5.0% −26.1% −37.1% +25.7% −1.5% +24.9% −1.9% −8.4% +3.0%
Operating income — — — — +26.1% +27.7% +23.1% +10.1% +2.8% −35.3% −57.6% +48.7% −3.1% +42.6% −4.9% −12.4% +5.2%
Net income — +23.4% +137.2% −66.4% +55.9% +10.9% +30.8% +34.7% −12.5% −34.5% −79.0% — — — −11.5% −13.8% —
Diluted EPS — +25.4% +153.0% −61.2% +64.9% +16.5% +39.0% +39.5% −7.4% −26.0% −79.5% — — — −7.3% −9.1% —
Margins
Gross margin — — — — — — 11.4% 11.2% 11.0% 8.8% 6.5% 7.2% 6.7% 7.3% 7.0% 6.5% 6.9%
EBITDA margin — — — 6.3% 7.0% 8.4% 9.9% 9.9% 10.1% 8.0% 5.8% 6.5% 5.9% 6.6% 6.5% 5.9% 6.2%
Operating margin — — — 4.5% 5.2% 6.5% 7.9% 7.9% 7.8% 5.4% 2.7% 3.5% 3.1% 4.0% 3.8% 3.3% 3.7%
Net margin 3.7% 3.8% 8.8% 2.7% 3.8% 4.1% 5.3% 6.4% 5.4% 3.8% 0.9% 1.9% 1.6% 2.4% 2.2% 1.9% 2.5%
Free-cash-flow margin 3.6% 3.3% 1.9% 2.2% 2.8% 4.3% 5.9% 5.8% 5.2% 3.4% 1.2% 0.4% 1.8% 2.7% 2.4% 2.3% 2.9%
Cash flow
Cash from operations 0.6 0.8 0.7 0.8 0.9 1.3 1.6 1.8 1.8 1.3 0.7 0.7 1.0 1.2 1.1 1.1 1.4
Capital spending 0.2 0.3 0.5 0.5 0.4 0.5 0.5 0.6 0.7 0.6 0.5 0.6 0.6 0.6 0.6 0.6 0.7
Free cash flow 0.4 0.5 0.3 0.4 0.5 0.8 1.1 1.2 1.1 0.7 0.2 0.1 0.4 0.6 0.6 0.5 0.7
Stock-based pay 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay 0.4 0.4 0.2 0.3 0.4 0.7 1.0 1.1 1.1 0.7 0.2 0.0 0.3 0.6 0.5 0.5 0.6
Balance sheet
Cash 1.7 1.8 1.4 1.1 1.1 1.2 1.3 1.5 1.5 1.5 1.3 1.3 1.1 1.2 1.1 1.0 0.9
Total debt 0.7 0.7 0.6 1.1 1.7 2.0 2.0 2.0 2.0 2.3 2.3 2.6 2.6 2.8 2.8 2.7 2.7
Net debt (negative = net cash) −1.0 −1.1 −0.8 −0.1 0.6 0.8 0.7 0.5 0.5 0.8 1.0 1.3 1.5 1.6 1.7 1.7 1.9
Diluted shares 108m 106m 100m 86m 82m 78m 73m 69m 66m 62m 60m 60m 60m 59m 56m 54m 51m
Returned to shareholders
Dividends — 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.1 0.1 0.2 0.2 0.2 0.2 0.2
Buybacks — 0.3 0.2 1.0 0.4 0.5 0.7 0.5 0.7 0.4 0.1 0.1 0.1 0.3 0.4 0.3 0.5
Total returned — 0.3 0.3 1.1 0.5 0.6 0.7 0.6 0.9 0.6 0.1 0.2 0.3 0.5 0.6 0.5 0.7

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · October 3, 2026
What it owns · $15.3bn
Short-term assets $8.0bnLonger-term assets $7.3bn
What it owes, and who funded it · $11.8bn
Short-term liabilities $6.8bnShareholders' equity $5.0bn
  • Short-term assets cover short-term liabilities $8.0bn of assets due within a year against $6.8bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $889m of cash against $2.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 42% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 56% to 42% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.4bn of operating cash flow against $2.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $875m against $96m of interest.

From Lear Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$525M
Dividends (TTM)
$159M
Returned to shareholders
98%
of free cash flow
Buybacks, last 3 fiscal years
$1B
Diluted share count
−5.5%
year over year
Total shareholder yield
11.2%
dividends 2.6% + buybacks 8.6% of market value
Dividend payout ratio
27%
of net income paid out
Sales & admin spending
3.2%
of revenue
Days sales outstanding
63 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in automotive parts & equipment
Last 12 months unless stated LEA ADNT BWA MGA ALV DCH Median
Revenue, last 12 months $23.8bn $15.1bn $14.2bn $42.0bn $11.1bn $8.2bn $2.4bn
Revenue growth, last 12 months 3.5% 5.0% 0.4% −1.9% 4.3% 41.0% 4.6%
Revenue growth, 3-year average 1.1% −0.4% 0.6% 6.4% 3.2% 11.1% 1.4%
Revenue growth, latest quarter 1.6% 5.0% −2.9% — −0.5% 92.4% 2.0%
Gross margin 6.9% 6.3% 19.6% 14.3% 19.0% 10.9% 20.5%
Operating margin 3.7% — 5.4% — 9.1% 1.0% 6.0%
Operating margin, 3-year average 3.7% — 5.6% — 9.3% 2.5% 5.7%
Net margin 2.5% 0.3% 3.4% 2.0% 5.6% −2.0% 3.5%
Cash from operations / revenue 5.7% 3.8% 11.8% 8.6% 10.3% 3.7% 6.8%
Free-cash-flow margin 2.9% 2.0% 8.1% 5.4% 6.6% −0.3% 4.3%
Free-cash-flow margin, 3-year average 2.7% 1.9% 7.7% 4.6% 5.6% 1.9% 5.5%
Stock pay / revenue 0.3% 0.0% 0.4% 0.1% — 0.4% 0.7%
Change in share count −5.5% −6.9% −4.6% −1.5% −3.9% 41.3% −0.0%

Median of all 26 companies we cover in automotive parts & equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

26 automotive parts & equipment companies
Measure Company Peer median Rank
Revenue growth Growth 3.5% 5.0% 16 of 26
Change in growth rate Growth -0.0pp -1.1pp 11 of 26
Gross margin Profitability 6.9% 21.1% 24 of 26
Operating margin Profitability 3.7% 6.4% 15 of 22
Net margin Profitability 2.5% 3.7% 16 of 26
Free-cash-flow margin Cash generation 2.9% 5.4% 15 of 26
Stock pay as % of revenue Cash generation 0.3% 0.8% 3 of 22
Long-term debt as % of assets Balance sheet 13.6% 20.8% 4 of 22
Change in share count Balance sheet -5.5% -0.0% 4 of 24
Days sales outstanding Balance sheet 63 days 61 days 10 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Seating $17.3B 74.3% ▲ 0.4%
E Systems $6B 25.7% ▼ 1.8%
Geography
Region Revenue YoY
North America $9.8B ▲ 0.6%
Other Countries $8.9B ▼ 1.5%
Europe and Africa $8B ▼ 3.2%
United States $5.3B ▲ 4.8%
Asia $4.6B ▲ 3.7%
Mexico $3.6B ▼ 3.2%
China $3B ▲ 2.4%
MA $1.3B ▲ 6.4%
Germany $1.2B ▼ 13.9%
South America $864M ▼ 0.3%

These categories overlap or exclude eliminations, so shares aren't shown.

From Lear Corp's 10-K filed February 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$7.1B
Institutions reporting
519
Shares held vs prior quarter
▲ 0.9%
Positions opened / closed
75 / 37

Top buyers and sellers, Q2 2026: 262 institutions bought and 206 sold ; the biggest buyer was Fuller & Thaler Asset Management, Inc (+597K shares) and the biggest seller FMR LLC (−553K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Pzena Investment Management LLC $890M 6.6M 12.6% ▼ 1.8%
Blackrock, Inc. $704M 5.3M 9.9% ▲ 6.6%
Vanguard Portfolio Management LLC $459M 3.4M 6.5% ▼ 2.1%
Dimensional Fund Advisors LP $405M 3.0M 5.7% ▲ 2.6%
Vanguard Capital Management LLC $303M 2.3M 4.3% ▼ 0.3%
American Century Companies Inc $280M 2.1M 4.0% ▲ 11.7%
State Street Corp $226M 1.7M 3.2% ▼ 0.4%
Greenhaven Associates Inc $195M 1.5M 2.8% ▼ 14.2%
Schroder Investment Management Group $166M 1.2M 2.3% ▼ 27.8%
Massachusetts Financial Services Co $164M 1.2M 2.3% ▼ 31.3%
FMR LLC $160M 1.2M 2.3% ▼ 31.6%
AQR Capital Management LLC $159M 1.2M 2.2% ▲ 24.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Lear Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $15.5M 22 trades by 8 insiders · 9% under pre-set plans
Net ▼ $15.5M net selling
Insider Date Trade Shares Price Value
Mallett Conrad L Jr Director August 6, 2026 Sell 1,646 $121.35 $199,742
Scott Raymond E President and CEO June 24, 2026 Sell 22,454 $135.40 $3M
Scott Raymond E President and CEO June 24, 2026 Sell 16,316 $134.44 $2.2M
Scott Raymond E President and CEO June 24, 2026 Sell 3,346 $137.21 $459,105
Scott Raymond E President and CEO June 24, 2026 Sell 7,884 $136.41 $1.1M
Mallett Conrad L Jr Director June 10, 2026 Sell 190 $141.34 $26,855
Cardew Jason M SVP and CFO June 2, 2026 Sell pre-set plan 2,500 $150.00 $375,000
Cardew Jason M SVP and CFO June 2, 2026 Sell pre-set plan 2,500 $145.00 $362,500
Orsini Frank C EVP and President, Seating June 2, 2026 Sell 5,000 $148.50 $742,500
Cardew Jason M SVP and CFO June 1, 2026 Sell pre-set plan 2,500 $141.14 $352,850
Cardew Jason M SVP and CFO June 1, 2026 Sell pre-set plan 2,000 $141.14 $282,280
Roelli Nicholas Jon SVP and President, E-Systems May 22, 2026 Sell 2,336 $141.38 $330,264

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 7 trades and filings

No trades in Lear Corp disclosed in the last 12 months; 7 earlier trades on record.

  • Susie Lee(D-NV 3):Sale (full), $1,001 - $15,000, traded June 21, 2021, filed July 13, 2021
  • Susie Lee(D-NV 3):Purchase, $1,001 - $15,000, traded February 25, 2021, filed March 11, 2021
  • Susie Lee(D-NV 3):Purchase, $1,001 - $15,000, traded February 9, 2021, filed March 11, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 3, 2027 estimated from the company's past filing pattern, not announced

  • October 30, 2026
  • July 31, 2026
  • May 1, 2026
  • February 4, 2026
  • October 31, 2025
  • July 25, 2025

Recent SEC filings

Data status

When each part of this page on Lear Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Lear Corp in brief

What does Lear Corp do?
Lear Corp is a US-listed company in the automotive parts & equipment industry. Its financial year ends in December.
What is Lear Corp's stock ticker?
Lear Corp trades under the ticker LEA on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Lear Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Lear Corp reported revenue of $23.8B, 3.5% higher than a year earlier, according to its SEC filings.
What is Lear Corp's free cash flow?
Lear Corp's free-cash-flow margin is 2.9% of revenue over the trailing twelve months, ranking 15 of the 26 automotive parts & equipment companies we cover.
What is Lear Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Lear Corp's free cash flow after stock-based pay gives ~$180 per share in the base case, and ~$120–$250 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Lear Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Pzena Investment Management LLC, Blackrock, Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Lear Corp buying back stock, and does it pay a dividend?
Lear Corp spent $525M on share repurchases over the trailing twelve months, and its diluted share count fell 5.5% over the year.
What is Lear Corp's market cap?
On November 2, 2026, Lear Corp's market capitalisation was about $6.3B, with a price-to-earnings ratio of 10.7 and net debt of $1.9B. Market figures come from third-party market data and may be delayed.
Does Lear Corp pay a dividend?
Yes: Lear Corp paid $159M in dividends over the trailing twelve months, a dividend yield of 2.60% and a payout ratio of 27.1%.
How much debt does Lear Corp have?
Lear Corp's debt-to-equity ratio is 42.1%, from its latest balance sheet (55.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Lear Corp's competitors?
In our Automotive Parts & Equipment peer group, the companies closest to Lear Corp are Adient plc, Borgwarner Inc, Magna International Inc, Autoliv Inc and Dauch Corp. The side-by-side comparison below sets their revenue, margins and growth against Lear Corp's.
Are insiders buying or selling Lear Corp stock?
Over the last 12 months, Lear Corp's directors and officers reported 0 open-market purchases and 22 sales on Form 4. The insider trading page charts every trade.
When is Lear Corp's next earnings date?
Around February 3, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Lear Corp announces its own schedule.