Lear Corporation (LEA)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 506,600 | 572,500 | 327,700 | 373,900 | 158,500 |
| Revenue | US$ in thousands | 23,306,000 | 23,466,900 | 20,891,500 | 19,263,100 | 17,045,500 |
| Net profit margin | 2.17% | 2.44% | 1.57% | 1.94% | 0.93% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $506,600K ÷ $23,306,000K
= 2.17%
The net profit margin of Lear Corporation has exhibited a positive trend over the years, indicating an improvement in the company's profitability. From December 31, 2020, where the net profit margin stood at 0.93%, there was a steady increase to 1.94% by December 31, 2021. Although there was a slight decline to 1.57% by December 31, 2022, the company managed to bounce back with a significant jump to 2.44% by December 31, 2023. The trend continued positively, with the net profit margin settling at 2.17% by December 31, 2024. This indicates that Lear Corporation was able to effectively manage its expenses and optimize its revenue generation during this period, leading to a healthier bottom line.
Peer comparison
Dec 31, 2024