Lear Corp. (LEA) intrinsic value & 10-year financials
Lear Corp. (LEA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 2.5% a year to $23.3B, with an average return on invested capital of 16.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $120.01
- Market cap
- $6.4B
- Revenue (FY2025)
- $23.3B
- Revenue growth (10-yr CAGR)
- 2.5%
- ROIC (10-yr avg)
- 16.0%
- Free cash flow (FY2025)
- $527.2M
LEA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $23.3B | $436.8M | $8.15 | $527.2M | 3.3% | 9.0% |
| FY2024 | $23.3B | $506.6M | $8.97 | $561.4M | 3.8% | 10.2% |
| FY2023 | $23.5B | $572.5M | $9.68 | $622.8M | 4.0% | 11.2% |
| FY2022 | $20.9B | $327.7M | $5.47 | $383.2M | 3.1% | 7.7% |
| FY2021 | $19.3B | $373.9M | $6.19 | $85.0M | 3.5% | 8.7% |
| FY2020 | $17.0B | $158.5M | $2.62 | $210.8M | 2.7% | 5.4% |
| FY2019 | $19.8B | $753.6M | $12.75 | $680.4M | 5.4% | 18.2% |
| FY2018 | $21.1B | $1.1B | $17.22 | $1.1B | 7.8% | 28.1% |
| FY2017 | $20.5B | $1.3B | $18.59 | $1.2B | 7.9% | 33.6% |
| FY2016 | $18.6B | $975.1M | $13.33 | $1.1B | 7.7% | 27.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
LEAR CORP has demonstrated mature, steady growth, with revenue compounding at 2.5% annually over the past decade.
LEAR CORP has earned high returns on invested capital, averaging 16.0% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, LEAR CORP shows that management has aggressively returned capital to shareholders by retiring 26.7% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, LEAR CORP is modeled at -5.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-15.05 per share.