LEALear Corporation
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (2.1×).
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Negative operating leverage, costs are rising faster than sales, squeezing margins as it grows.
A balanced mix of margins, efficiency, and leverage. ROE 10% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is LEA?
Lear Corporation earns 9.9% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 0.93 points above what the capital costs: growth creates value
- Operating margin
- 3.7%
Operating margin · Auto Parts median 5.8% · 12 months to Q2 2026
- Cash conversion
- 2.14×
Cash conversion · 1.65× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −6.0%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 2.7% |
| FY2021 | 3.5% |
| FY2022 | 3.1% |
| FY2023 | 4.0% |
| FY2024 | 3.8% |
| FY2025 | 3.3% |
Details›
- Gross margin12 months to Q2 2026
- 6.9%
- Operating margin12 months to Q2 2026
- 3.7%
- Net margin12 months to Q2 2026
- 2.4%
- Free cash flow margin
- 3.6%
- Revenue, trailing twelve months
- $23.7B
- Free cash flow, trailing twelve months
- $849M
- Net income, trailing twelve months
- $556M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 9.9%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from LEA and who it buys from, as the companies report it.
- GMGeneral Motors22%
Share of revenue · FY2025 10-K
- THRMGentherm Incorporated16%
LEA is 16% of its revenue · FY2025 10-K
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; LEA’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.