Lear Corporation (LEA)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 933,200 | 899,600 | 877,200 | 763,100 | 654,300 | 585,300 | 435,100 | 496,500 | 675,400 | 856,700 | 1,087,900 | 588,100 | 454,100 | 310,000 | 331,900 | 931,400 | 1,070,200 | 1,277,800 | 1,340,400 | 1,503,400 |
| 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 |
| Operating profit margin | 1.99% | 2.02% | 1.99% | 1.77% | 1.54% | 1.46% | 1.11% | 1.27% | 1.73% | 4.37% | 5.37% | 3.28% | 2.67% | 1.87% | 2.01% | 4.90% | 5.42% | 6.44% | 6.73% | 7.33% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $933,200K ÷ $46,841,200K
= 1.99%
Based on the operating profit margin data provided for Lear Corp. for the quarters from Q1 2022 to Q4 2023, it shows a varying trend over time. The operating profit margin has generally been increasing from Q1 2022 (2.60%) to Q4 2023 (3.98%), indicating an improvement in the company's ability to generate profits from its core business operations.
The highest operating profit margin was recorded in Q4 2023 at 3.98%, reflecting the company's efficiency in managing its operating expenses relative to its revenue during that period. Conversely, the lowest operating profit margin was observed in Q2 2022 at 2.24%, suggesting challenges in profitability at that time.
Overall, the increasing trend in operating profit margin suggests that Lear Corp. has been able to enhance its profitability and operational efficiency over the quarters analyzed. However, it is essential to consider other factors such as industry benchmarks and economic conditions to gain a holistic understanding of Lear Corp.'s financial performance.
Peer comparison
Dec 31, 2023