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Lear Corporation LEA Seating — Depreciation expense

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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$7B+29.8%
Enterprise value$9.64B+17.8%
P/E13.3×+2.0×
P/S0.3×+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:Depreciation.

The official record: Lear Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lear Corporation's seating — depreciation expense?
Lear Corporation (LEA) reported seating — depreciation expense of $96.4M in Q1 2026.
How has Lear Corporation's seating — depreciation expense changed year-over-year?
Lear Corporation's seating — depreciation expense increased by 6.2% year-over-year, from $90.8M to $96.4M.
What is the long-term trend for Lear Corporation's seating — depreciation expense?
Over 4 years (2021 to 2025), Lear Corporation's seating — depreciation expense has grown at a 0.9% compound annual growth rate (CAGR), from $362.6M to $375.3M.
What does seating — depreciation expense mean?
This represents the systematic allocation of the cost of tangible assets used in the seating segment over their useful lives. It reflects the wear and tear of manufacturing equipment and facilities necessary to support automotive seating production.