Lear Corporation (LEA) Income Statement
LEA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLEA revenue and net income
Where LEA's revenue goes
2025Each bar shows an amount and its share of revenue. LEA kept 1.9% of revenue as net income.
LEA profit margins
LEA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.2% | +3.7% | +6.4% | +2.5% |
| Gross profit | +3.8% | +6.8% | +7.9% | +0.2% |
| Operating income | +8.2% | +10.0% | +11.1% | −2.7% |
| Net income | −13.8% | +10.1% | +22.5% | −5.2% |
| EPS (diluted) | +1.4% | +13.6% | +19.3% | +1.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LEA quarterly EPS vs estimates
Lear beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 30, 2026 (estimate $3.28).
LEA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.26B | $23.30B | $23.46B | $20.88B | $19.26B | $17.04B | $19.81B | $21.15B | $20.47B | $18.56B |
| Cost of revenue | $21.34B | $21.46B | $21.72B | $19.31B | $17.76B | $15.73B | $17.88B | $18.70B | $18.14B | $16.37B |
| Gross profit | $1.91B | $1.84B | $1.75B | $1.57B | $1.49B | $1.31B | $1.94B | $2.45B | $2.33B | $2.19B |
| Research & development | $386.3M | $399.2M | $319.6M | $318.8M | $310.2M | $327.3M | $316.6M | $296.6M | $147.9M | $143.7M |
| Sales, general & admin | $707.6M | $702.5M | $714.7M | $684.8M | $643.2M | $588.9M | $605.0M | $612.8M | $635.2M | $621.9M |
| Total operating expenses | $892.0M | $898.9M | $832.3M | $805.5M | $750.7M | $707.5M | $725.2M | $730.3M | $617.5M | $613.4M |
| Operating income | $1.02B | $944.9M | $913.6M | $768.0M | $743.6M | $604.4M | $1.21B | $1.72B | $1.71B | $1.58B |
| Interest income | $100.8M | $127.6M | $156.1M | $98.6M | $91.8M | $99.6M | $92.0M | $84.1M | $85.7M | $82.5M |
| Interest expense | $98.4M | $103.8M | $98.7M | $96.2M | $89.4M | $97.2M | $90.9M | $84.1M | $83.7M | $82.5M |
| Income before taxes | $677.1M | $782.9M | $826.5M | $542.4M | $599.3M | $327.8M | $976.8M | $1.56B | $1.58B | $1.41B |
| Income taxes | $150.0M | $191.1M | $180.8M | $133.7M | $137.7M | $93.9M | $146.1M | $311.9M | $197.5M | $370.2M |
| Net income | $436.8M | $506.6M | $572.5M | $327.7M | $373.9M | $158.5M | $789.5M | $1.14B | $1.29B | $975.1M |
| EBITDA | $1.38B | $1.46B | $1.48B | $1.18B | $1.25B | $936.4M | $1.55B | $2.11B | $2.04B | $1.80B |
| EPS (diluted) | $12.79 | $12.61 | $12.01 | $8.73 | $7.93 | $5.30 | $13.96 | $18.19 | $17.00 | $14.05 |
| Gross margin | 8.2% | 7.9% | 7.4% | 7.5% | 7.8% | 7.7% | 9.8% | 11.6% | 11.4% | 11.8% |
| Operating margin | 4.4% | 4.1% | 3.9% | 3.7% | 3.9% | 3.5% | 6.1% | 8.1% | 8.4% | 8.5% |
| Net margin | 1.9% | 2.2% | 2.4% | 1.6% | 1.9% | 0.9% | 4.0% | 5.4% | 6.3% | 5.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.21B | $5.82B | $5.99B | $5.68B | $6.03B | $5.56B | $5.71B | $5.58B | $6.01B | $5.99B | $5.84B | $5.78B |
| Cost of revenue | $5.77B | $5.38B | $5.58B | $5.30B | $5.56B | $5.12B | $5.30B | $5.18B | $5.59B | $5.60B | $5.46B | $5.39B |
| Gross profit | $438.8M | $442.1M | $412.8M | $377.0M | $468.1M | $441.4M | $412.8M | $403.4M | $422.0M | $389.9M | $384.5M | $391.5M |
| Research & development | — | — | — | — | — | — | $634.8M | — | — | — | $319.6M | — |
| Sales, general & admin | $197.5M | $190.3M | $182.5M | $166.4M | $186.3M | $172.4M | $166.6M | $174.1M | $175.3M | $186.5M | $172.6M | $179.0M |
| Total operating expenses | $192.2M | $182.3M | $168.9M | $164.0M | $179.2M | $164.5M | $161.7M | $169.3M | $171.7M | $180.5M | $162.4M | $179.0M |
| Operating income | $246.6M | $259.8M | $243.9M | $213.0M | $288.9M | $276.9M | $251.1M | $234.1M | $250.3M | $209.4M | $222.1M | $212.5M |
| Interest income | — | — | $25.0M | $33.5M | $32.7M | $35.8M | $24.1M | $32.2M | — | — | — | $25.9M |
| Interest expense | $23.6M | $25.0M | $24.4M | $24.0M | $24.8M | $25.2M | $26.1M | $25.9M | $26.3M | $25.5M | $24.4M | $25.1M |
| Income before taxes | $260.2M | $231.1M | $124.4M | $171.5M | $233.5M | $147.7M | $171.8M | $203.1M | $240.6M | $167.4M | $189.7M | $199.1M |
| Income taxes | $48.5M | $38.4M | $18.1M | $45.1M | $41.6M | $45.2M | $57.3M | $47.1M | $46.2M | $40.5M | $46.7M | $47.0M |
| Net income | $192.8M | $172.3M | $82.7M | $108.2M | $165.2M | $80.7M | $88.1M | $135.8M | $173.1M | $109.6M | $127.3M | $132.9M |
| EBITDA | $397.2M | $406.0M | $304.7M | $347.8M | $406.5M | $320.6M | $344.1M | $368.9M | $406.7M | $337.7M | $355.1M | $365.7M |
| EPS (diluted) | $4.28 | $3.87 | $3.41 | $2.79 | $3.47 | $3.12 | $2.94 | $2.89 | $3.60 | $3.18 | $3.03 | $2.87 |
| Gross margin | 7.1% | 7.6% | 6.9% | 6.6% | 7.8% | 7.9% | 7.2% | 7.2% | 7.0% | 6.5% | 6.6% | 6.8% |
| Operating margin | 4.0% | 4.5% | 4.1% | 3.8% | 4.8% | 5.0% | 4.4% | 4.2% | 4.2% | 3.5% | 3.8% | 3.7% |
| Net margin | 3.1% | 3.0% | 1.4% | 1.9% | 2.7% | 1.5% | 1.5% | 2.4% | 2.9% | 1.8% | 2.2% | 2.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LEA's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LEA financial results
In fiscal year 2025 (ended December 31, 2025), Lear reported revenue of $23.3 billion, down 0.2% from the year before. It had net income of $436.8 million (down 13.8%), a net profit margin of 1.9%. Diluted earnings per share came to $12.79. Over five years revenue grew at an average rate of 6.4% a year.
See the LEA stock overview for the latest quote and news, or the LEA chart for price history and technical indicators.
LEA income statement FAQ
What is Lear's annual revenue?
Lear reported total revenue of $23.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 0.2% from $23.3 billion the previous year.
Is Lear profitable?
Yes. Lear reported net income of $436.8 million in fiscal 2025, a net profit margin of 1.9%; its operating margin was 4.4%.
What is Lear's gross margin?
Lear's gross margin was 8.2% in fiscal 2025: for every $100 of revenue, Lear kept $8 after the direct cost of its products and services.
How much does Lear spend on research and development?
Lear spent $386.3 million on research and development in fiscal 2025, 1.7% of revenue.
How fast is Lear growing?
Revenue grew 6.4% a year on average over the last five fiscal years, from $17.0 billion to $23.3 billion.
What are Lear's earnings per share?
Lear earned $12.79 per diluted share in fiscal 2025, compared with $12.61 a year earlier.
When will Lear report its next earnings?
Lear is expected to report results for the quarter ending September 30, 2026 on October 30, 2026 before the market opens.
When does Lear's fiscal year end?
Lear's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.