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Lear Corporation LEA Seating — Asset Impairment Charges

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Other financials

Income statement

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Revenue$5.8B+4.7%
Gross profit$450.3M+25.4%
Operating income$255.0M+40.4%
Net income$172.3M+114%
EPS (diluted)$3.34+124%

Balance sheet

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Cash & equivalents$884.5M+13.0%
Total debt$3.5B+0.5%
Total equity$5.1B+9.2%
Total assets$15.5B+5.7%

Cash flow

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Operating cash flow$98.1M+177%
CapEx$124.6M+19.8%
Free cash flow-$26.5M+88.6%

Valuation

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Market cap$8.34B+64.6%
Enterprise value$10.98B+42.2%
P/E15.8×+5.0×
P/S0.4×+0.1×

Profitability

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Gross margin6.8%-0.2pp
Operating margin3.7%
Net margin2.2%+0.2pp
FCF margin3.1%+1.0pp

Returns & leverage

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Return on equity10.8%+0.8pp
Debt / equity0.7×-0.1×
Current ratio1.3×0.0×

Where this comes from

Reported directly by Lear Corporation in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: Lear Corporation’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 4:04 PM EST
Fiscal year
FY2025
Accession
0000842162-26-000011

For the years ended December 31, 2025, 2024 and 2023, the Company recognized fixed asset impairment charges of $38.7 million, $2.9 million and $5.1 million, respectively, in conjunction with its restructuring actions (Note 3, "Restructuring"). For the years ended December 31, 2025, 2024 and 2023, the Company recognized additional fixed asset impairment charges of $15.2 million, $4.4 million and $6.3 million, respectively. For the year ended December 31, 2025, fixed asset impairment charges of $4.9 million and $49.0 million were recorded in the Seating and E-Systems segments, respectively. Fixed asset impairment charges are recorded in cost of sales in the accompanying consolidated statements of income for the years ended December 31, 2025, 2024 and 2023.

Item 8. Consolidated financial statements and supplementary data

FAQ

What is Lear Corporation's seating — asset impairment charges?
Lear Corporation (LEA) reported seating — asset impairment charges of $1.23M in Q4 2025.
What does seating — asset impairment charges mean?
Measures the non-cash expense recognized when the carrying amount of long-lived assets in the seating segment exceeds their recoverable value. High or frequent charges may indicate operational inefficiencies or a decline in the long-term economic utility of manufacturing assets.

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