LEAR CORP
LEA · Motor Vehicle Parts & Accessories · 50.1M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $229M (gross $296M, SBC $68M)
Reference price $134.44 · est. market cap ~$6.7B — last insider sale, 2026-06-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64Lear is a large, thin-margin automotive seating and e-systems supplier with mid-pack returns and customer concentration.
Strengths
- Strong absolute FCF ($527M, 91st pct) and investment-grade balance sheet with $1.0B cash
- Diversified, vertically integrated seating franchise across 500+ nameplates
Risks
- Razor-thin margins (gross 6.5%, 16th pct; net 1.9%) and mid-pack ROE 8.7% in a cyclical industry
- Heavy customer concentration (GM 22%, Ford 12%) plus tariff/USMCA and EV-mix exposure
Notable findings
- Customer concentration~22% of revenue from one customer/distributor — Customers In 2025, General Motors, one of the largest automotive and light truck manufacturers in the world, accounted for 22% of our net sales
- Strong balance sheetStrong balance sheet — $1.0B cash & investments
- Insider sellingInsider selling — 20 open-market sale(s) by 8 insider(s) (cluster of 8 insiders, ~$15M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
6.5%
Operating margin
3.3%
Net margin
1.9%
Return on equity
8.7%
Return on assets
2.9%
Revenue growth (QoQ)
-2.8%
Net-income growth
-13.8%
Current ratio
1.4×
Free cash flow
$527M
EBITDA
$1.4B
Tangible book value
$3.1B
Cash & investments
$1.0B
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-24 | SCOTT RAYMOND E | Sell | 16K | $134.44 |
| 2026-06-24 | SCOTT RAYMOND E | Sell | 22K | $135.40 |
| 2026-06-24 | SCOTT RAYMOND E | Sell | 7.9K | $136.41 |
| 2026-06-24 | SCOTT RAYMOND E | Sell | 3.3K | $137.21 |
| 2026-06-10 | MALLETT CONRAD L JR | Sell | 190 | $141.34 |
| 2026-06-02 | Cardew Jason M | Sell | 2.5K | $150.00 |
| 2026-06-02 | Orsini Frank C | Sell | 5.0K | $148.50 |
| 2026-06-02 | Cardew Jason M | Sell | 2.5K | $145.00 |
| 2026-06-01 | Cardew Jason M | Sell | 2.0K | $141.14 |
| 2026-06-01 | Cardew Jason M | Sell | 2.5K | $141.14 |
| 2026-05-22 | Roelli Nicholas Jon | Sell | 2.3K | $141.38 |
| 2026-05-14 | LEWIS PATRICIA L | Option exercise | 1.9K | — |
| 2026-05-14 | Halverson Bradley M | Option exercise | 1.9K | — |
| 2026-05-14 | Blissett Julian G. | Option exercise | 1.9K | — |
| 2026-05-14 | Blissett Julian G. | Tax withheld | 637 | $139.01 |
| 2026-05-14 | MALLETT CONRAD L JR | Option exercise | 1.8K | — |
| 2026-05-14 | KRONE ROGER A | Option exercise | 1.9K | — |
| 2026-05-14 | SMITH GREG C | Option exercise | 3.1K | — |
| 2026-05-14 | Jepsen Mary Lou | Option exercise | 1.9K | — |
| 2026-05-14 | FOSTER JONATHAN F | Option exercise | 1.9K | — |
| 2026-04-01 | LIGOCKI KATHLEEN | Option exercise | 53 | — |
| 2026-03-13 | MALLETT CONRAD L JR | Sell | 44 | $116.12 |
| 2026-02-26 | Orsini Frank C | Sell | 7.1K | $135.50 |
| 2026-02-24 | VIdershain Marianne | Sell | 1.6K | $135.00 |
| 2026-02-20 | MALLETT CONRAD L JR | Option exercise | 66 | — |
| 2026-02-20 | KRONE ROGER A | Option exercise | 264 | — |
| 2026-02-19 | Kemp Harry Albert | Sell | 7.0K | $136.31 |
| 2026-02-19 | Orsini Frank C | Sell | 8.4K | $136.14 |
| 2026-02-19 | Cardew Jason M | Sell | 8.4K | $134.37 |
| 2026-02-19 | Davis Alicia J. | Sell | 6.6K | $132.98 |
| 2026-02-19 | Cardew Jason M | Sell | 1.0K | $135.18 |
| 2026-02-19 | Cardew Jason M | Sell | 600 | $135.28 |
| 2026-02-12 | Davis Alicia J. | Grant | 9.3K | — |
| 2026-02-12 | Davis Alicia J. | Tax withheld | 4.1K | $136.73 |
| 2026-02-12 | Roelli Nicholas Jon | Grant | 3.7K | — |
| 2026-02-12 | Roelli Nicholas Jon | Tax withheld | 1.6K | $136.73 |
| 2026-02-12 | VIdershain Marianne | Tax withheld | 1.3K | $136.73 |
| 2026-02-12 | VIdershain Marianne | Grant | 3.1K | — |
| 2026-02-12 | Kemp Harry Albert | Grant | 12K | — |
| 2026-02-12 | Kemp Harry Albert | Tax withheld | 5.3K | $136.73 |
| 2026-02-12 | Cardew Jason M | Grant | 23K | — |
| 2026-02-12 | Cardew Jason M | Tax withheld | 10K | $136.73 |
| 2026-02-12 | SCOTT RAYMOND E | Grant | 86K | — |
| 2026-02-12 | SCOTT RAYMOND E | Tax withheld | 37K | $136.73 |
| 2026-02-12 | Orsini Frank C | Grant | 23K | — |
| 2026-02-12 | Orsini Frank C | Tax withheld | 10K | $136.73 |
| 2026-01-04 | Orsini Frank C | Option exercise | 8.1K | — |
| 2026-01-04 | Roelli Nicholas Jon | Option exercise | 427 | — |
| 2026-01-04 | Roelli Nicholas Jon | Tax withheld | 209 | $118.61 |
| 2026-01-04 | Roelli Nicholas Jon | Option exercise | 423 | — |
| 2026-01-04 | Roelli Nicholas Jon | Tax withheld | 207 | $118.61 |
| 2026-01-04 | Davis Alicia J. | Option exercise | 1.1K | — |
| 2026-01-04 | Davis Alicia J. | Tax withheld | 534 | $118.61 |
| 2026-01-04 | Davis Alicia J. | Option exercise | 970 | — |
| 2026-01-04 | Davis Alicia J. | Tax withheld | 447 | $118.61 |
| 2026-01-04 | Cardew Jason M | Option exercise | 8.1K | — |
| 2026-01-04 | Cardew Jason M | Tax withheld | 3.6K | $118.61 |
| 2026-01-04 | Orsini Frank C | Tax withheld | 3.6K | $118.61 |
| 2026-01-04 | Kemp Harry Albert | Option exercise | 4.3K | — |
| 2026-01-04 | Kemp Harry Albert | Tax withheld | 1.9K | $118.61 |
| 2026-01-04 | VIdershain Marianne | Option exercise | 357 | — |
| 2026-01-04 | VIdershain Marianne | Tax withheld | 175 | $118.61 |
| 2026-01-04 | VIdershain Marianne | Option exercise | 330 | — |
| 2026-01-04 | VIdershain Marianne | Tax withheld | 162 | $118.61 |
| 2026-01-04 | VIdershain Marianne | Option exercise | 543 | — |
| 2026-01-04 | VIdershain Marianne | Tax withheld | 266 | $118.61 |
| 2026-01-04 | SCOTT RAYMOND E | Option exercise | 23K | — |
| 2026-01-04 | SCOTT RAYMOND E | Tax withheld | 10.0K | $118.61 |
| 2026-01-04 | Doyle Amy | Option exercise | 229 | — |
| 2026-01-04 | Doyle Amy | Tax withheld | 108 | $118.61 |
| 2026-01-04 | Doyle Amy | Option exercise | 211 | — |
| 2026-01-04 | Doyle Amy | Tax withheld | 99 | $118.61 |
| 2026-01-04 | Doyle Amy | Option exercise | 58 | — |
| 2026-01-04 | Doyle Amy | Tax withheld | 28 | $118.61 |
| 2026-01-04 | Doyle Amy | Option exercise | 543 | — |
| 2026-01-04 | Doyle Amy | Tax withheld | 255 | $118.61 |
| 2026-01-01 | LIGOCKI KATHLEEN | Option exercise | 53 | — |
| 2025-12-18 | Cardew Jason M | Sell | 5.0K | $118.17 |
| 2025-11-07 | Roelli Nicholas Jon | Option exercise | 383 | — |
| 2025-11-07 | Roelli Nicholas Jon | Tax withheld | 110 | $110.13 |
| 2025-10-01 | LIGOCKI KATHLEEN | Option exercise | 53 | — |
| 2025-08-26 | Orsini Frank C | Sell | 8.5K | $110.62 |
| 2025-07-29 | SCOTT RAYMOND E | Sell | 504 | $97.88 |
| 2025-07-29 | Cardew Jason M | Sell | 3.2K | $99.50 |
| 2025-07-29 | Cardew Jason M | Sell | 1.8K | $96.69 |
| 2025-07-29 | SCOTT RAYMOND E | Sell | 4.4K | $96.58 |
| 2025-07-29 | SCOTT RAYMOND E | Sell | 142 | $98.84 |
| 2025-07-01 | LIGOCKI KATHLEEN | Option exercise | 53 | — |
| 2025-06-16 | MALLETT CONRAD L JR | Sell | 1.2K | $92.86 |
| 2025-05-16 | Halverson Bradley M | Option exercise | 1.3K | — |
| 2025-05-16 | Lache Rod | Option exercise | 1.2K | — |
| 2025-05-16 | LEWIS PATRICIA L | Option exercise | 1.3K | — |
| 2025-05-16 | Jepsen Mary Lou | Option exercise | 1.3K | — |
| 2025-05-16 | MALLETT CONRAD L JR | Option exercise | 1.3K | — |
| 2025-05-16 | Blissett Julian G. | Option exercise | 448 | — |
| 2025-05-16 | Blissett Julian G. | Tax withheld | 77 | $94.10 |
| 2025-05-16 | FOSTER JONATHAN F | Option exercise | 1.3K | — |
| 2025-05-16 | KRONE ROGER A | Option exercise | 1.3K | — |
| 2025-05-16 | SMITH GREG C | Option exercise | 2.3K | — |
| 2025-04-01 | LIGOCKI KATHLEEN | Option exercise | 53 | — |
| 2025-03-05 | Lache Rod | Buy | 2.2K | $91.80 |
| 2025-02-20 | CHENG MEI WEI | Option exercise | 236 | — |
| 2025-02-20 | CHENG MEI WEI | Option exercise | 175 | — |
| 2025-02-20 | CHENG MEI WEI | Option exercise | 284 | — |
| 2025-02-13 | Roelli Nicholas Jon | Grant | 1.9K | — |
| 2025-02-13 | Roelli Nicholas Jon | Tax withheld | 832 | $96.32 |
| 2025-02-13 | Cardew Jason M | Grant | 10K | — |
| 2025-02-13 | Cardew Jason M | Tax withheld | 4.4K | $96.32 |
| 2025-02-13 | Davis Alicia J. | Grant | 4.1K | — |
| 2025-02-13 | Davis Alicia J. | Tax withheld | 1.8K | $96.32 |
| 2025-02-13 | Kemp Harry Albert | Grant | 5.8K | — |
| 2025-02-13 | Kemp Harry Albert | Tax withheld | 2.5K | $96.32 |
| 2025-02-13 | Orsini Frank C | Grant | 10K | — |
| 2025-02-13 | Orsini Frank C | Tax withheld | 4.4K | $96.32 |
| 2025-02-13 | SCOTT RAYMOND E | Grant | 39K | — |
| 2025-02-13 | SCOTT RAYMOND E | Tax withheld | 17K | $96.32 |
| 2025-01-04 | Cardew Jason M | Tax withheld | 1.8K | $93.14 |
| 2025-01-04 | VIdershain Marianne | Tax withheld | 61 | $93.14 |
| 2025-01-04 | VIdershain Marianne | Option exercise | 357 | — |
| 2025-01-04 | VIdershain Marianne | Tax withheld | 157 | $93.14 |
| 2025-01-04 | VIdershain Marianne | Option exercise | 330 | — |
| 2025-01-04 | VIdershain Marianne | Tax withheld | 145 | $93.14 |
| 2025-01-04 | SCOTT RAYMOND E | Option exercise | 15K | — |
| 2025-01-04 | SCOTT RAYMOND E | Tax withheld | 6.6K | $93.14 |
| 2025-01-04 | Roelli Nicholas Jon | Option exercise | 243 | — |
| 2025-01-04 | Roelli Nicholas Jon | Tax withheld | 119 | $93.14 |
| 2025-01-04 | Roelli Nicholas Jon | Option exercise | 428 | — |
| 2025-01-04 | Roelli Nicholas Jon | Tax withheld | 210 | $93.14 |
| 2025-01-04 | Roelli Nicholas Jon | Option exercise | 423 | — |
| 2025-01-04 | Roelli Nicholas Jon | Tax withheld | 207 | $93.14 |
| 2025-01-04 | Orsini Frank C | Option exercise | 3.8K | — |
| 2025-01-04 | Orsini Frank C | Tax withheld | 1.8K | $93.14 |
| 2025-01-04 | VIdershain Marianne | Option exercise | 138 | — |
| 2025-01-04 | Kemp Harry Albert | Option exercise | 745 | — |
| 2025-01-04 | Kemp Harry Albert | Tax withheld | 365 | $93.14 |
| 2025-01-04 | Doyle Amy | Option exercise | 138 | — |
| 2025-01-04 | Doyle Amy | Tax withheld | 65 | $93.14 |
| 2025-01-04 | Doyle Amy | Option exercise | 229 | — |
| 2025-01-04 | Doyle Amy | Tax withheld | 108 | $93.14 |
| 2025-01-04 | Doyle Amy | Option exercise | 212 | — |
| 2025-01-04 | Doyle Amy | Tax withheld | 100 | $93.14 |
| 2025-01-04 | Doyle Amy | Option exercise | 58 | — |
| 2025-01-04 | Doyle Amy | Tax withheld | 28 | $93.14 |
| 2025-01-04 | Davis Alicia J. | Option exercise | 518 | — |
| 2025-01-04 | Davis Alicia J. | Tax withheld | 254 | $93.14 |
| 2025-01-04 | Davis Alicia J. | Option exercise | 1.1K | — |
| 2025-01-04 | Davis Alicia J. | Tax withheld | 534 | $93.14 |
| 2025-01-04 | Davis Alicia J. | Option exercise | 970 | — |
| 2025-01-04 | Davis Alicia J. | Tax withheld | 436 | $93.14 |
| 2025-01-04 | Cardew Jason M | Option exercise | 3.8K | — |
| 2025-01-01 | LIGOCKI KATHLEEN | Option exercise | 53 | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (5)
- General Motors 22% of rev
- Ford 12% of rev
- Mercedes-Benz 10% of rev
- Volkswagen 10% of rev
- Stellantis 9% of rev
Suppliers (2)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-14 | 2026-05-14 | 0000842162-26-000043 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0000842162-26-000034 ↗ |
| 10-Q | 2026-05-01 | 2026-04-04 | 0000842162-26-000038 ↗ |
| 10-K | 2026-02-13 | 2025-12-31 | 0000842162-26-000011 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0000842162-26-000005 ↗ |
| 8-K | 2025-10-31 | 2025-10-31 | 0000842162-25-000073 ↗ |
| 10-Q | 2025-10-31 | 2025-09-27 | 0000842162-25-000076 ↗ |
| 8-K | 2025-07-30 | 2025-07-24 | 0000842162-25-000065 ↗ |
| 8-K | 2025-07-25 | 2025-07-25 | 0000842162-25-000058 ↗ |
| 10-Q | 2025-07-25 | 2025-06-28 | 0000842162-25-000060 ↗ |
| 8-K | 2025-05-19 | 2025-05-16 | 0000842162-25-000049 ↗ |
| 10-Q | 2025-05-06 | 2025-03-29 | 0000842162-25-000042 ↗ |