Filing Flows › Lear (LEA) › Q3 2025
Lear (LEA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Lear (LEA) reported revenue of $5.7B for the third quarter 2025 (Q3 2025), +2% from a year earlier and -6% from the quarter before. Operating margin was 3.4%, net earnings $108M (1.9% of revenue).
Lear, Q3 2025: revenue $5.7B (+2% year over year), operating margin 3.4%, net earnings $108M, operating cash flow $444M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.7B | -6% | +2% |
| Gross profit | $364M | -17% | -10% |
| Operating profit | $192M | -22% | -13% |
| Net earnings | $108M | -35% | -20% |
| Operating cash flow | $444M | +50% | +143% |
| Free cash flow | $307M | — | +508% |
What changed
Revenue was $5.7B in Q3 2025, up 2% year over year and down 6% from the previous quarter. Seating was the largest line at 75% of revenue. Seating added $0.14B year over year (up 3%), 144% of the total change. E-Systems declined 3%.
Gross margin was 6.4%, down 0.9 points from a year earlier. Operating profit was $0.19B, a 3.4% margin (down 0.6 points year over year). Operating profit fell $0.03B even though revenue rose $0.10B versus a year earlier, so costs grew faster than sales. Operating expenses fell 7% while revenue rose 2%. Net earnings were $0.11B, down 20% year over year. The effective tax rate was 26.3%.
Operating cash flow was $0.44B (up 143% year over year), 352% of net income including minority interests. Non-cash charges added back $0.15B of depreciation and amortization. Working capital and other items added $0.17B. After capital expenditures ($0.14B), free cash flow as the company reports it was $0.31B.
Questions
What was Lear's revenue in the third quarter 2025?
Lear (LEA) reported revenue of $5.7B for the third quarter 2025 (Q3 2025), +2% from a year earlier and -6% from the quarter before.
Was Lear profitable in the third quarter 2025?
Operating profit was $192M (3.4% of revenue) and net earnings $108M.
Source: Lear 10-Q on SEC EDGAR.