Lear Corporation (LEA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,639,300 | 1,843,000 | 1,409,900 | 1,391,900 | 1,108,900 |
| Revenue | US$ in thousands | 23,306,000 | 23,466,900 | 20,891,500 | 19,263,100 | 17,045,500 |
| Gross profit margin | 7.03% | 7.85% | 6.75% | 7.23% | 6.51% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,639,300K ÷ $23,306,000K
= 7.03%
The gross profit margin of Lear Corporation has shown fluctuations over the years based on the provided data. In 2020, the gross profit margin was 6.51%, which increased to 7.23% in 2021, showcasing an improvement in profitability. However, in 2022, the margin decreased slightly to 6.75%. Subsequently, in 2023, there was a notable increase to 7.85%, indicating a positive trend in profitability. In 2024, the gross profit margin slightly decreased to 7.03%. Overall, Lear Corporation has demonstrated some volatility in its gross profit margin but has managed to maintain a relatively stable and respectable level of profitability.
Peer comparison
Dec 31, 2024