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Lear Corporation LEA Seating — Gross Profit

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$113.7M+19.4%

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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:GrossProfit.

The source filing: Lear Corporation’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 9:15 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000842162-26-000038
Line itemSeatingE-SystemsOtherConsolidated
Intersegment revenues (1)0.372.1(72.4)
Less (2):
Cost of sales4,024.61,376.8(28.9)5,372.5
Gross margin380.1113.7(43.5)450.3
Selling, general and administrative97.935.956.5190.3
Amortization of intangibles3.11.95.0
Intersegment support activities1.72.6(4.3)
Segment earnings (3)$277.4$73.3$(95.7)255.0

ITEM 1 — CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Lear Corporation's seating — gross profit?
Lear Corporation (LEA) reported seating — gross profit of $380.1M in Q1 2026.
How has Lear Corporation's seating — gross profit changed year-over-year?
Lear Corporation's seating — gross profit increased by 24.1% year-over-year, from $306.4M to $380.1M.
What is the long-term trend for Lear Corporation's seating — gross profit?
Over 3 years (2022 to 2025), Lear Corporation's seating — gross profit has grown at a 2.2% compound annual growth rate (CAGR), from $1.24B to $1.32B.
What does seating — gross profit mean?
This is the residual profit remaining after deducting the cost of sales from the net sales of the seating segment. It measures the fundamental profitability of the manufacturing process and the segment's ability to manage production costs relative to pricing power.

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