Lear Corporation (LEA)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	1,612,500	1,630,600	1,643,500	1,678,500	1,710,400	1,676,800	1,635,500	1,518,400	1,409,900	1,309,300	1,159,100	1,220,600	1,391,900	1,580,200	1,796,300	1,267,500	1,108,900	976,400	992,900	1,598,500
Revenue (ttm)	US$ in thousands	23,304,900	23,431,500	23,628,100	23,616,000	23,466,900	22,996,600	22,456,800	21,528,600	20,891,500	20,400,400	19,427,400	19,117,100	19,263,100	19,626,500	20,258,400	17,942,200	17,045,500	16,619,900	16,544,800	19,107,900
Gross profit margin		6.92%	6.96%	6.96%	7.11%	7.29%	7.29%	7.28%	7.05%	6.75%	6.42%	5.97%	6.38%	7.23%	8.05%	8.87%	7.06%	6.51%	5.87%	6.00%	8.37%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,612,500K ÷ $23,304,900K
= 6.92%

Lear Corporation's gross profit margin has fluctuated over the past few years, as per the provided data. Starting at 8.37% in March 2020, the margin decreased to 5.87% by September 2020, indicating a significant decline. However, it showed some signs of recovery, reaching 8.87% by June 2021.

Subsequently, there was some volatility in the margin, with fluctuations in each quarter. Despite these fluctuations, the gross profit margin generally trended downwards from June 2021 to December 2024, with the margin stabilizing around 6.92% in December 2024.

Overall, Lear Corporation's gross profit margin over the period analyzed displayed variability, implying fluctuations in its cost of goods sold and selling prices. Further investigation into the underlying factors influencing these fluctuations could provide insights into the company's operational efficiency and pricing strategies.