Lear Corporation
lear.comWhat Do They Do?
Makes complete seat systems and components, along with electrical distribution systems and electronic products, for automotive manufacturers.
10-K for FY2025, filed Feb 13, 2026Seating — Our Seating segment consists of the design, development, engineering and manufacture of complete seat systems and key seat…View ↗
E-Systems — Our E-Systems segment consists of the design, development, engineering and manufacture of complete electrical distribution and…View ↗
We serve all of the world's major automotive manufacturers through both our Seating and E-Systems businesses, and we have automotive…View ↗
How Do They Make Money?
Automakers buy seat systems and components, as well as electrical and electronic products, through production-part contracts. They pay for products when received, under customary industry payment terms.
10-K for FY2025, filed Feb 13, 2026Seating — Our Seating segment consists of the design, development, engineering and manufacture of complete seat systems and key seat…View ↗
E-Systems — Our E-Systems segment consists of the design, development, engineering and manufacture of complete electrical distribution and…View ↗
The Company enters into contracts with its customers to provide production parts generally at the beginning of a vehicle's life cycle.…View ↗
Revenue is recognized at a point in time when control of the product is transferred to the customer under standard commercial terms, as the…View ↗
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10-K for FY2025, filed Feb 13, 2026
FY2025 revenue by reportable segment ↗
$23.3B
-
10-K for FY2025, filed Feb 13, 2026
$23.3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Seating
Sold outright
10-K for FY2025, filed Feb 13, 2026 |
74%
FY2022: 75%
|
Seating, FY2025
$17.3B Sources
|
Sold outright |
|
E-Systems
Sold outright
10-K for FY2025, filed Feb 13, 2026 |
26%
FY2022: 25%
|
E-Systems, FY2025
$6B Sources
|
Sold outright |
Who Are Their Customers?
Automotive manufacturers buy Lear's seat systems, components and electrical products through production-part contracts and purchase orders.
10-K for FY2025, filed Feb 13, 2026
Do Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2025 and turned 2 cents into free cash flow.
10-K for FY2025, filed Feb 13, 2026
$777.3MView ↗
10-K for FY2025, filed Feb 13, 2026
$436.8MView ↗
10-K for FY2025, filed Feb 13, 2026
$527.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 31, 2026
$192.8MView ↗
- ▲ +17%
- vs $165.2M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 31, 2026
Open tableView ↗
-
Jul 31, 2026
Raised the midpoints of full-year 2026 guidance
Lear also narrowed the ranges of its 2026 financial outlook across most metrics.
Sources
8-K, filed Jul 31, 2026
On July 31, 2026, Lear Corporation issued a press release reporting financial results for the second quarter of 2026 and updating its…View ↗
Growing. Revenue grew 21% in 4 years, from $19.3B in FY2021 to $23.3B in FY2025, about 5% a year.
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