Lear Corporation LEA

Consumer DiscretionaryAutomobiles & Auto PartsUnited States of America

Last close 118.44 USD on Nov 1, 2026, +5.2% year to date

Quant rating

Quant rating C Rank 170 of 344 in Consumer Discretionary

Growth C 189 of 344
Valuation A 22 of 344
Quality D 261 of 344
Revisions C 142 of 344
Momentum C 221 of 344

Wall Street consensus Hold (2.53)Average target 145.20 USD +22.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 5.8B
Enterprise value: 7.7B
52-week range: 99.06 – 150.00
3-year range: 75.18 – 150.00
Dividend yield: 2.60%
Beta (5 years): 1.29
Shares outstanding: 49.3M
Next earnings: Oct 30, 2026

About the company

Lear Corporation is a global automotive technology company. The Company's segments include Seating and E-Systems. The Company's Seating segment consists of the design, development, engineering and manufacture of complete seat systems and key seat components. Its key seat component product offerings include seat trim covers; surface materials such as leather and fabric; seat mechanisms; seat foam; headrests; and thermal comfort systems such as seat heating, ventilation, active cooling, pneumatic lumbar and massage products. Its E-Systems segment consists of the design, development, engineering and manufacture of complete electrical distribution and connection systems; high-voltage power distribution products, including battery disconnect units (BDUs); and low-voltage power distribution products and electronic controllers. These capabilities enable it to provide its customers with customizable solutions with optimized designs for both low-voltage and high-voltage vehicle architectures.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	23,259	23,306	23,467	20,892	19,263	–
Revenue growth	−0.2%	−0.7%	12.3%	8.5%	13.0%	6.4%
EPS (basic, normalized)	12.80	12.62	12.02	8.72	7.94	–
EPS growth	1.4%	5.0%	37.8%	9.8%	–	–
Gross margin	7.5%	7.6%	7.9%	7.5%	7.6%	7.6%
Net margin	1.9%	2.2%	2.4%	1.6%	1.9%	2.0%
ROE	9.2%	10.8%	11.9%	7.0%	8.2%	9.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	889
Current ratio	1.31x
Long-term debt (mil)	2,713
Net debt (mil)	1,884
Total equity (mil)	4,998
Net debt / equity	0.38x
Net debt / EBITDA	1.14x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	23,259	−0.2%	0.3x	1,646	−3.4%	4.7x	12.80	+1.4%	9.3x
2026	23,717	+2.0%	0.3x	1,749	+6.2%	4.4x	15.03	+17.4%	7.9x
2027	24,018	+1.3%	0.3x	1,811	+3.6%	4.3x	16.71	+11.2%	7.1x
2028	24,684	+2.8%	0.3x	1,945	+7.4%	4.0x	19.68	+17.7%	6.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	23,717	−0.4%	−0.4%	+0.2%	15.03	+0.2%	+0.8%	+3.8%
2027	24,018	−0.5%	−1.9%	−1.6%	16.71	−0.6%	−4.2%	−1.3%
2028	24,684	−0.6%	−1.4%	−0.9%	19.68	+1.8%	+2.2%	+2.7%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	5,995	6,012	5,584	5,715	5,560	6,030	5,680	5,989	5,823	6,209
Sales mean (mil)	6,006	6,029	5,572	5,529	5,524	5,872	5,607	5,793	5,841	6,102
Surprise	−0.2%	−0.3%	+0.2%	+3.4%	+0.6%	+2.7%	+1.3%	+3.4%	−0.3%	+1.7%
EPS reported	3.18	3.60	2.89	2.94	3.12	3.47	2.79	3.41	3.87	4.28
EPS mean	3.02	3.40	2.63	2.58	2.70	3.28	2.72	2.80	3.52	3.98
Surprise	+5.1%	+5.9%	+9.9%	+14.1%	+15.6%	+5.7%	+2.7%	+21.8%	+10.0%	+7.6%

Peer comparison Automobiles & Auto Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
LEA Lear Corporation	5.8B	1.14x	1.9%	1.13x	7.9x	7.1x	4.4x	4.3x
7203 TOYOTA MOTOR CORPORATION	284.1B	5.80x	7.6%	0.97x	9.7x	8.7x	12.7x	11.3x
7267 HONDA MOTOR CO., LTD.	51.4B	6.96x	−1.9%	0.56x	12.1x	8.0x	12.9x	9.5x
TSLA Tesla Inc	1.58T	−2.42x	4.0%	17.70x	238.2x	189.5x	108.8x	88.8x
GM General Motors Co	73.7B	4.15x	1.7%	1.18x	6.5x	5.9x	7.8x	7.2x
F Ford Motor Co	48.9B	8.83x	−4.4%	1.40x	6.6x	6.5x	11.5x	11.5x
Mean		4.08x	1.5%	3.83x	46.8x	37.6x	26.4x	22.1x
Median		4.98x	1.8%	1.16x	8.8x	7.6x	12.1x	10.4x

Technical analysis

1M−1.5%
3M−19.9%
1Y+17.6%
3Y+0.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Lear Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	23,259	23,306	23,467	20,892	19,263	17,046
Cost of revenue	21,515	21,528	21,620	19,322	17,796	15,814
Gross profit	1,744	1,778	1,847	1,569	1,468	1,231
Selling, general & administrative expenses	677	683	694	650	611	572
Research & development	–	–	–	–	–	–
Depreciation/amortization	19.5	49.1	60.5	61.9	64.8	65.9
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	277	173	146	214	150	183
Other operating expenses	5.8	28.7	13.1	14.6	−58.4	−8.9
Operating income	766	844	933	629	700	419
Net interest income (expense)	−141	−128	−156	−119	−117	−120
Gain (loss) on sale of assets	–	17.0	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	625	733	777	509	584	299
Provision for taxes	150	191	181	134	138	93.9
Minority interest	−90.3	−85.2	−73.2	−81.0	−87.7	−75.4
Equity in affiliates	52.0	50.0	49.3	33.1	15.8	28.5
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	437	507	572	328	374	158
Extraordinary items	–	–	–	–	–	–
Net income	437	507	572	328	374	158
EBIT, normalized	1,041	1,034	1,073	842	854	602
EBITDA, normalized	1,645	1,654	1,678	1,419	1,428	1,142
Basic EPS, normalized	12.80	12.62	12.02	8.72	7.94	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Lear Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	1,043	1,060	1,201	1,118	1,322	1,316
Receivables	3,903	3,589	3,681	3,452	3,042	3,269
Total inventory	1,693	1,601	1,758	1,574	1,572	1,401
Prepaid expenses	–	–	–	–	–	–
Other current assets	1,024	934	997	850	830	790
Total current assets	7,663	7,184	7,637	6,994	6,765	6,777
Property, plant & equipment	3,636	3,533	3,711	3,556	3,348	3,276
Goodwill	1,778	1,699	1,738	1,661	1,658	1,656
Intangibles	110	115	189	235	302	368
Long-term investments	96.3	82.6	68.5	53.6	58.8	49.4
Note receivable	–	–	–	–	–	–
Other long-term assets	1,561	1,413	1,352	1,264	1,220	1,072
Total assets	14,843	14,028	14,696	13,763	13,352	13,199
Liabilities
Accounts payable	3,416	3,250	3,434	3,206	2,952	3,142
Payable/accrued	–	–	–	–	–	–
Accrued expenses	1,790	1,732	1,716	1,661	1,387	1,494
Short-term debt	27.9	26.7	27.5	9.9	0	0
Current portion of long-term debt	3.7	2.2	0.3	10.8	0.8	14.2
Other current liabilities	429	436	489	300	420	427
Total current liabilities	5,667	5,447	5,667	5,188	4,760	5,077
Long-term debt	2,712	2,733	2,743	2,591	2,595	2,300
Minority interest	166	149	142	152	165	148
Other liabilities	1,264	1,246	1,225	1,153	1,189	1,207
Total liabilities	9,808	9,576	9,777	9,084	8,709	8,731
Shareholders' equity
Preferred stock	0	0	0	–	0	0
Common stock	0.6	0.6	0.6	0.6	0.6	0.6
Additional paid-in capital	1,111	1,077	1,050	1,023	1,019	964
Retained earnings (accumulated deficit)	6,189	5,931	5,601	5,214	5,073	4,807
Treasury stock	−1,721	−1,424	−1,045	−754	−679	−599
Other equity	−544	−1,134	−689	−805	−770	−705
Total equity	5,035	4,452	4,919	4,679	4,643	4,467
Total liabilities & shareholders' equity	14,843	14,028	14,696	13,763	13,352	13,199

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Lear Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	527	592	646	409	462	234
Depreciation, depletion & amortization	604	621	604	576	574	540
Deferred taxes	−117	−56.9	−58.8	−49.4	−55.5	−84.7
Non-cash items	156	31.6	5.2	46.8	60.1	17.5
Changes in working capital	−81.2	−67.1	52.8	38.8	−370	−43.5
Cash from operations	1,089	1,120	1,249	1,021	670	663
Investing activities
Capital expenditures	−562	−559	−626	−638	−585	−452
Other investing cash flows	44.8	15.7	−135	−192	−61.6	−16.5
Cash from investing	−517	−543	−762	−830	−647	−469
Financing activities
Financing cash flow items	−78.5	−53.5	−109	−110	−63.5	−243
Cash dividends paid	−165	−174	−182	−186	−107	−67.3
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−375	−467	−129	−92.3	157	−101
Cash from financing	−618	−694	−420	−387	−13.6	−412
Foreign exchange effects	26.4	−26.3	12.8	−7.7	−3.0	21.5
Net change in cash	−20.1	−143	81.1	−204	6.8	−196
Free cash flow	527	561	623	383	85.0	211

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.