Lear Corporation (LEA)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	933,200	654,300	675,400	454,100	1,070,200
Revenue	US$ in thousands	46,808,500	42,447,800	39,126,900	34,623,800	40,172,200
Operating profit margin		1.99%	1.54%	1.73%	1.31%	2.66%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $933,200K ÷ $46,808,500K
= 1.99%

The operating profit margin of Lear Corp. has fluctuated over the past five years. In 2023, the operating profit margin stood at 3.98%, showing an improvement compared to the previous year's 3.13%. However, it is notable that the margin was higher in 2019 at 5.40%. The company experienced a dip in its operating profit margin in 2020, possibly due to various factors such as economic conditions or operational challenges. The increase in 2021 and subsequent fluctuations indicate the company's efforts to manage costs and improve operational efficiency. Further analysis of the company's operating expenses and revenue generation strategies would provide additional insights into the factors influencing Lear Corp.'s operating profit margin.