LEA on NYSE

Lear Corporation

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons6

American automotive parts manufacturer

Lear Corporation is an American company that manufactures automotive seating and electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.3 From Wikipedia, CC BY-SA 4.0

$119.86 down 1.63 (1.34%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 19, 2026.

Overview

1917Founded1

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  • TickerLEA on NYSE1
  • Industryautomotive supplier1
  • HeadquartersSouthfield1
  • Websitewww.lear.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address21557 Telegraph Road, Southfield, Mi 480337
  • Filer categoryLarge accelerated filer7
  • LEI549300UPNBTXA1SYTQ334
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 21146684
Lear Corporation headquarters building Southfield
Photo: Dwight Burdette, CC BY 3.0, via Wikimedia Commons9

Lear Corporation is an American company that manufactures automotive seating and electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

6.5%Gross margin10
3.3%Operating margin10
1.9%Net margin10
-0.2%Revenue growth, 202510
8.7%Return on equity10
$527.2MFree cash flow10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Seating brought in 74% of the revenue Lear Corporation broke down this way in fiscal 2025.

  1. Seating$17.3B1074%up 0% from 2024
  2. E-Systems$6.0B1026%down 2% from 2024
Business segments by year
Business segments202320242025
Seating$17.5B$17.2B$17.3B
E-Systems$5.9B$6.1B$6.0B

Regions

North America brought in 26% of the revenue Lear Corporation broke down this way in fiscal 2025.

  1. North America$9.8B1026%up 1% from 2024
  2. Europe and Africa$8.0B1021%down 3% from 2024
  3. United States$5.3B1014%up 5% from 2024
  4. Asia$4.6B1012%up 4% from 2024
  5. Mexico$3.6B109%down 3% from 2024
  6. China$3.0B108%up 2% from 2024
  7. MA$1.3B103%up 6% from 2024
  8. Germany$1.2B103%down 14% from 2024
  9. South America$863.9M102%down 0% from 2024
Regions by year
Regions202320242025
North America$9.5B$9.7B$9.8B
Europe and Africa$8.6B$8.3B$8.0B
United States$4.9B$5.1B$5.3B
Asia$4.4B$4.4B$4.6B
Mexico$3.4B$3.7B$3.6B
China$3.0B$3.0B$3.0B
MA$1.1B$1.2B$1.3B
Germany$1.4B$1.4B$1.2B
South America$905.9M$866.1M$863.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue94¢$21.8B
  • Selling, general and admin3¢$707.6M
  • Other costs1¢$210.0M
  • Income tax1¢$150.0M
  • Profit2¢$436.8M

Out of $23.3B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Capital spending52¢$561.6M
  • Dividends paid15¢$164.8M
  • Share buybacks30¢$325.2M
  • Kept or used elsewhere3¢$37.2M

Out of $1.1B of cash from operations.10

Financial statements

Revenue1112131410$23.3B in 2025+17% since 2019
0$10.0B$20.0B$30.0B2019: $19.8B$19.8B20192020: $17.0B$17.0B2020−14%2021: $19.3B$19.3B2021+13%2022: $20.9B$20.9B2022+8%2023: $23.5B$23.5B2023+12%2024: $23.3B$23.3B2024−1%2025: $23.3B$23.3B2025−0%
Gross profit1410$1.5B in 2025+7% since 2022
0$500.0M$1.0B$1.5B$2.0B2022: $1.4B$1.4B20222023: $1.7B$1.7B2023+21%2024: $1.6B$1.6B2024−4%2025: $1.5B$1.5B2025−8%
Operating income1112131410$777.3M in 2025−27% since 2019
0$500.0M$1.0B$1.5B2019: $1.1B$1.1B20192020: $454.1M$454.1M2020−58%2021: $675.4M$675.4M2021+49%2022: $654.3M$654.3M2022−3%2023: $933.2M$933.2M2023+43%2024: $887.7M$887.7M2024−5%2025: $777.3M$777.3M2025−12%
Net income1112131410$436.8M in 2025−42% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $753.6M$753.6M20192020: $158.5M$158.5M2020−79%2021: $373.9M$373.9M2021+136%2022: $327.7M$327.7M2022−12%2023: $572.5M$572.5M2023+75%2024: $506.6M$506.6M2024−12%2025: $436.8M$436.8M2025−14%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Net sales$23.3B$23.3B$23.5B
Cost of sales$21.8B$21.7B$21.8B
Selling, general and administrative expenses$707.6M$702.5M$714.7M
Amortization of intangible assets$19.5M$49.1M$62.5M
Interest expense, net$100.8M$106.2M$101.1M
Other expense, net$51.4M$48.6M$54.9M
Consolidated income before provision for income taxes and equity in net income of affiliates$625.1M$732.9M$777.2M
Provision for income taxes$150.0M$191.1M$180.8M
Equity in net income of affiliates-$52.0M-$50.0M-$49.3M
Consolidated net income$527.1M$591.8M$645.7M
Less: Net income attributable to noncontrolling interests$90.3M$85.2M$73.2M
Net income attributable to Lear$436.8M$506.6M$572.5M
Basic net income per share attributable to Lear (in dollars per share)$8.22$9.02$9.73
Diluted net income per share attributable to Lear (in dollars per share)$8.15$8.97$9.68
Average common shares outstanding (in shares)53.2M shares56.1M shares58.8M shares
Average diluted shares outstanding (in shares)53.6M shares56.5M shares59.1M shares

Compare Lear Corporation with another company

Leadership

Who has led Lear Corporation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (49)

Products and brands

On March 16, 1999, Lear announced it would acquire United Technologies Automotive, a subsidiary of United Technologies Corporation that produced dashboards, electrical distribution systems, motors and air-flow parts, interior door panels and switches, for $2.3 billion. Lear announced on May 4, 1999, that it had completed the acquisition.

First Large Corporation to achieve ISO/TS 16949:1999 world wide in 280 global facilities, all of which was managed by Bill Cooper, Lear Corporation Global Quality Systems Senior Quality Manager.

Next Acquiring

On April 5, 2004, Lear announced it would pay $220 million for Wuppertal, Germany-based Grote & Hartmann, a maker of electrical components. On July 6, 2004, Lear announced it had completed the transaction.

Spinoff Assembling and interior systems division

As of late 2005, most OEM auto companies had indicated that they no longer wanted to purchase total interiors from any one company. As this was Lear's primary purpose in assembling those three divisions, and the interior systems division was not profitable, the company began seeking to get rid of this division.

Read the full text

Another extension and purchasing of the Interior System Department

In early 2007, Lear Corporation completed the transfer of substantially all of its former North American Interior Systems Division to International Automotive Components Group (IAC), a joint venture of Lear, WL Ross & Co., and Franklin Mutual Advisers. The deal involved 26 manufacturing plants and two Chinese joint ventures. Lear also contributed $27 million in cash for a 25 percent interest in IAC and warrants for an additional 7 percent.

Also in 2007, Lear's board of directors agreed to a $2.3 billion takeover offer from American Real Estate Partners, an affiliate of financier Carl Icahn, subject to shareholder approval. Lear has said it will continue to talk to other interested parties, however, Icahn would receive a $100 million fee should another offer be accepted. The deal was later voted down by shareholders.

Close to Bankruptcy

On July 2, 2009, Bloomberg News reported that Lear Corp. planned to file for Chapter 11 bankruptcy after reaching an agreement with representatives of secured lenders and bondholders. On November 9, 2009, Lear announced it had emerged from bankruptcy.

Simoncini becomes CEO

On August 10, 2011, Lear announced that senior vice president and chief financial officer Matt Simoncini had been elected chief executive officer and president, effective September 1, 2011.

PACE Award

In 2012, Automotive News awarded Lear a Premier Automotive Suppliers' Contribution to Excellence (PACE) Award for innovation, technological advancement and business performance for its Solid State Smart Junction Box (S3JB), noting Lear's "S3JB junction box has 1) integrated solid state fuse technology to eliminate relays, 2) created a new package that no longer has to be accessible from the driver compartment which decreases nuisance calls and lowers electrical device warranty returns, 3) created and installed a smart software logic with detailed diagnostics to permit a 'fail safe operation,' and 4) designed a single state board design with patented thermal aspects that permits multiple system and device connections and various configurations to ease manufacturing processes."

Takeover of Guilford Mills

Lear acquired automotive and specialty fabrics company Guilford Mills for $257 million in May 2012. In addition to automotive fabric applications, Guilford produces fabrics for markets including water filtration, window covering, performance apparel, medical and other industrial applications.

Acquisition of Eagle Ottawa LLC

In August 2014, it was announced that Lear Corp would acquire automotive leather supplier Eagle Ottawa LLC for a fee of $850 million.

Occasions 2015

In May 2015 the company announced that it would open a new automotive plant in Gostivar, Republic of North Macedonia, in the summer of 2015. This was to be Lear's first facility in North Macedonia.

Agreement set for takeover Grupo Antolin

In February 2017 it was announced that Lear Corp signed a definitive agreement to acquire Grupo Antolin's automotive seating business. The transaction was valued at €286 million on a cash and debt free basis. Lear Corp funded the transaction with cash on hand.

Formula 1 Engagement

Lear held a backer for the Jaguar Racing Team in the 2001 Formula One World Championship and also now in the Formula E Competition.

Acquisition of InTouch Automation

In November 2022, it was announced Lear had acquired the Novi-based supplier of Industry 4.0 technologies and automated testing equipment used in the production of automotive seats, InTouch Automation.

From Wikipedia’s article on Lear Corporation, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Former names

  • LEAR CORP /DE/Jul 10, 1996 to Jun 29, 20057
  • LEAR SEATING CORPJan 13, 1994 to May 22, 19967

Timeline

  1. Nov 16, 2018New chief executive Raymond E. Scott becomes CEO1
  2. Sep 6, 2011New chief executive Matthew Simoncini becomes CEO19
  3. Mar 17, 2006New chief executive Robert E. Rossiter becomes CEO20
  4. 1917Founded Founded1

Filings

427 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 38 major events, 281 insider forms, 23 large holders, 65 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Sep 24, 20264 EDGAR
  3. Sep 24, 20268-K EDGAR
  4. Aug 7, 20264 EDGAR
  5. Aug 6, 2026144 EDGAR
  6. Jul 31, 2026305B2 EDGAR
  7. Jul 31, 2026305B2 EDGAR
  8. Jul 31, 2026S-8 EDGAR
  9. Jul 31, 2026S-3ASR EDGAR
  10. Jul 31, 202610-Q EDGAR
  11. Jul 31, 20268-K EDGAR
  12. Jul 2, 20264 EDGAR
  13. Jun 25, 20264 EDGAR
  14. Jun 24, 2026144 EDGAR
  15. Jun 11, 20264 EDGAR
  16. Jun 10, 2026144 EDGAR
  17. Jun 3, 20264 EDGAR
  18. Jun 3, 20264 EDGAR
  19. Jun 2, 2026144 EDGAR
  20. Jun 2, 2026144 EDGAR

The 427 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

63 open-market trades by officers, directors and large owners since October 2021: 9 buys and 54 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 6, 2026MALLETT CONRAD L JRDirectorSale1,646$121.35$199.7KForm 4
Jun 24, 2026SCOTT RAYMOND EPresident and CEOSale50,000$135.37$6.8MForm 4
Jun 10, 2026MALLETT CONRAD L JRDirectorSale190$141.34$26.9KForm 4
Jun 2, 2026Orsini Frank CEVP and President, SeatingSale5,000$148.50$742.5KForm 4
Jun 2, 2026Cardew Jason MSVP and CFOSale5,000$147.50$737.5KForm 4
Jun 1, 2026Cardew Jason MSVP and CFOSale4,500$141.14$635.1KForm 4
May 22, 2026Roelli Nicholas JonSVP and President, E-SystemsSale2,336$141.38$330.3KForm 4
Mar 13, 2026MALLETT CONRAD L JRDirectorSale44$116.12$5.1KForm 4
Feb 26, 2026Orsini Frank CEVP and President, SeatingSale7,133$135.50$966.5KForm 4
Feb 24, 2026VIdershain MarianneVP, Treas & Head of Inv RelatSale1,590$135.00$214.7KForm 4
Feb 19, 2026Davis Alicia J.SVP and Chief Strategy OfficerSale6,630$132.98$881.7KForm 4
Feb 19, 2026Cardew Jason MSVP and CFOSale10,000$134.51$1.3MForm 4
Feb 19, 2026Kemp Harry AlbertSVP & Chief Admin OfficerSale7,000$136.31$954.2KForm 4
Feb 19, 2026Orsini Frank CEVP and President, SeatingSale8,354$136.14$1.1MForm 4
Dec 18, 2025Cardew Jason MSVP and CFOSale5,000$118.17$590.9KForm 4
Aug 26, 2025Orsini Frank CEVP and President, SeatingSale8,500$110.62$940.3KForm 4
Jul 29, 2025Cardew Jason MSVP and CFOSale5,000$98.47$492.4KForm 4
Jul 29, 2025SCOTT RAYMOND EPresident and CEOSale5,000$96.78$483.9KForm 4
Jun 16, 2025MALLETT CONRAD L JRDirectorSale1,187$92.86$110.2KForm 4
Mar 5, 2025Lache RodDirectorBuy2,178$91.80$199.9KForm 4

All 63 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Pzena Investment Management LLC6,638,413$889.9M2.6%−120,092
BlackRock, Inc.5,255,064$704.5M0.0%+325,706
Vanguard Portfolio Management LLC3,427,324$459.5M0.0%−75,169
Massachusetts Financial Services Co /ma/1,435,811$435.9M0.1%−316,235
Dimensional Fund Advisors LP3,020,166$404.9M0.1%+76,686
Vanguard Capital Management LLC2,262,052$303.3M0.0%−7,550
American Century Companies Inc2,092,298$280.5M0.1%+219,487
State Street Corp1,687,033$226.2M0.0%−7,523
Greenhaven Associates Inc1,455,933$195.2M2.3%−241,436
Schroder Investment Management Group1,238,255$165.7M0.1%−477,657
Fmr LLC1,194,926$160.2M0.0%−553,051
Aqr Capital Management LLC1,187,495$159.2M0.1%+231,144
Geode Capital Management, LLC1,026,961$137.7M0.0%+11,180
Morgan Stanley719,609$96.5M0.0%−7,181
Charles Schwab Investment Management Inc685,208$91.9M0.0%−26,624
Jacobs Levy Equity Management, Inc653,537$87.6M0.3%−8,322
Fuller & Thaler Asset Management, Inc.597,380$80.1M0.2%New
Caisse de depot et placement du Quebec569,813$76.4M0.1%−129,772
Norges Bank552,452$74.1M0.0%New
Bank of New York Mellon Corp487,822$65.4M0.0%−27,180
UBS Group AG482,130$64.6M0.0%+76,815
Russell Investments Group, Ltd.466,328$62.5M0.1%−40,925
Northern Trust Corp465,041$62.3M0.0%+481
Balyasny Asset Management L.P.461,477$61.9M0.1%+431,368
Neuberger Berman Group LLC434,547$58.2M0.0%+23,459

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 21, 2021Susie LeeDemocratic, HouseSale$1,001 - $15,000+113.5%Report
Feb 25, 2021Susie LeeDemocratic, HouseBuy$1,001 - $15,000−127.6%Report
Feb 9, 2021Susie LeeDemocratic, HouseBuy$1,001 - $15,000−122.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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