Lear Corporation (LEA)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	572,500	562,700	522,100	421,900	327,700	231,700	112,900	219,600	373,900	554,000	754,900	285,800	158,500	82,900	124,400	601,100	753,600	839,800	876,400	1,025,000
Revenue (ttm)	US$ in thousands	46,841,200	44,599,700	44,046,700	43,128,300	42,449,200	40,184,400	39,218,700	38,963,900	39,129,000	19,603,000	20,263,000	17,919,300	17,024,400	16,598,800	16,494,400	19,023,900	19,727,600	19,852,400	19,920,300	20,507,400
Net profit margin		1.22%	1.26%	1.19%	0.98%	0.77%	0.58%	0.29%	0.56%	0.96%	2.83%	3.73%	1.59%	0.93%	0.50%	0.75%	3.16%	3.82%	4.23%	4.40%	5.00%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $572,500K ÷ $46,841,200K
= 1.22%

Lear Corp.'s net profit margin has shown a fluctuating trend over the past eight quarters. In the most recent quarter, Q4 2023, the net profit margin stood at 2.44%, slightly higher than the previous quarter, Q3 2023, where it was 2.45%. This indicates a relatively stable performance in terms of profitability.

Compared to the earlier quarters in 2023, Lear Corp.'s net profit margin experienced a slight improvement, with Q2 2023 recording 2.32% and Q1 2023 showing 1.96%. The company's profitability has shown an increasing trend over this period.

Looking back further to 2022, Lear Corp.'s net profit margin demonstrated a significant improvement, particularly when comparing Q4 2022 at 1.57% to Q3 2022 at 1.14%. The increase in profitability continued throughout the earlier quarters of 2022, with Q2 2022 at 0.58% and Q1 2022 at 1.15%.

Overall, Lear Corp. has displayed a gradual and generally positive trend in its net profit margins over the analyzed quarters. This improvement suggests the company has been effectively managing its costs and operations to enhance profitability.