Lear Corporation, a global automotive technology leader, has reported its financial results for the fourth quarter and full year of 2025, revealing both ups and downs in its performance. In the fourth quarter of 2025, the company saw a 5% increase in revenue, reaching $6.0 billion compared to $5.7 billion in the same period in 2024. However, net income for the quarter was $83 million, down from $88 million in the fourth quarter of 2024. Adjusted net income also showed a slight increase, reaching $179 million compared to $161 million in the same period last year.
The company's core operating earnings for the fourth quarter of 2025 were $259 million, a slight increase from $258 million in the fourth quarter of 2024. Earnings per share were reported at $1.58, down from $1.61 in the same period last year. Adjusted earnings per share also showed a slight increase, reaching $3.41 compared to $2.94 in the fourth quarter of 2024.
In terms of cash flow, net cash provided by operating activities for the fourth quarter of 2025 was $476 million, down from $681 million in the same period in 2024. Free cash flow also decreased to $281 million from $489 million in the fourth quarter of 2024.
Moving on to the full year 2025, Lear Corporation delivered revenue of $23.3 billion, which remained flat compared to 2024. The company's net income for the full year was $437 million, a decrease from $507 million in 2024. Adjusted net income also saw a decline, reaching $686 million compared to $713 million in the full year 2024.
Core operating earnings for the full year 2025 were reported at $1,062 million, down from $1,096 million in 2024. Earnings per share for the full year were $8.15, a decrease from $8.97 in 2024, while adjusted earnings per share also decreased to $12.80 from $12.62 in 2024.
Despite these mixed results, Lear Corporation remains optimistic about its future prospects, with its president and CEO, Ray Scott, expressing confidence in the company's ability to achieve margin expansion in 2026 through expanded automation and AI leadership, along with cost savings from restructuring actions. The company's strong cash generation outlook and healthy balance sheet are expected to enable it to continue delivering enhanced returns to its investors through share repurchases and dividends. Today the company's shares have moved -3.27% to a price of $121.04. Check out the company's full 8-K submission here.
