vs
Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and LEAR CORP (LEA). Click either name above to swap in a different company.
LEAR CORP is the larger business by last-quarter revenue ($6.0B vs $3.9B, roughly 1.6× Kyndryl Holdings, Inc.). Kyndryl Holdings, Inc. runs the higher net margin — 1.5% vs 1.4%, a 0.1% gap on every dollar of revenue. On growth, LEAR CORP posted the faster year-over-year revenue change (4.8% vs 3.1%). LEAR CORP produced more free cash flow last quarter ($281.1M vs $208.0M). Over the past eight quarters, Kyndryl Holdings, Inc.'s revenue compounded faster (0.1% CAGR vs -0.1%).
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.
Lear Corporation is an American company that manufactures automotive seating and electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.
KD vs LEA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $6.0B |
| Net Profit | $57.0M | $82.7M |
| Gross Margin | 21.8% | 5.7% |
| Operating Margin | 2.4% | 2.6% |
| Net Margin | 1.5% | 1.4% |
| Revenue YoY | 3.1% | 4.8% |
| Net Profit YoY | -73.5% | -6.1% |
| EPS (diluted) | $0.25 | $1.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.9B | $6.0B | ||
| Q3 25 | $3.7B | $5.7B | ||
| Q2 25 | $3.7B | $6.0B | ||
| Q1 25 | $3.8B | $5.6B | ||
| Q4 24 | $3.7B | $5.7B | ||
| Q3 24 | $3.8B | $5.6B | ||
| Q2 24 | $3.7B | $6.0B | ||
| Q1 24 | $3.9B | $6.0B |
| Q4 25 | $57.0M | $82.7M | ||
| Q3 25 | $68.0M | $108.2M | ||
| Q2 25 | $56.0M | $165.2M | ||
| Q1 25 | $69.0M | $80.7M | ||
| Q4 24 | $215.0M | $88.1M | ||
| Q3 24 | $-43.0M | $135.8M | ||
| Q2 24 | $11.0M | $173.1M | ||
| Q1 24 | $-45.0M | $109.6M |
| Q4 25 | 21.8% | 5.7% | ||
| Q3 25 | 21.5% | 6.4% | ||
| Q2 25 | 21.3% | 7.3% | ||
| Q1 25 | 21.7% | 6.5% | ||
| Q4 24 | 20.4% | 6.8% | ||
| Q3 24 | 19.9% | 7.3% | ||
| Q2 24 | 21.5% | 7.5% | ||
| Q1 24 | 18.6% | 6.6% |
| Q4 25 | 2.4% | 2.6% | ||
| Q3 25 | 2.6% | 3.4% | ||
| Q2 25 | 2.5% | 4.1% | ||
| Q1 25 | 3.1% | 3.3% | ||
| Q4 24 | 6.9% | 3.7% | ||
| Q3 24 | -0.1% | 3.9% | ||
| Q2 24 | 1.7% | 4.3% | ||
| Q1 24 | -0.1% | 3.3% |
| Q4 25 | 1.5% | 1.4% | ||
| Q3 25 | 1.8% | 1.9% | ||
| Q2 25 | 1.5% | 2.7% | ||
| Q1 25 | 1.8% | 1.5% | ||
| Q4 24 | 5.7% | 1.5% | ||
| Q3 24 | -1.1% | 2.4% | ||
| Q2 24 | 0.3% | 2.9% | ||
| Q1 24 | -1.2% | 1.8% |
| Q4 25 | $0.25 | $1.58 | ||
| Q3 25 | $0.29 | $2.02 | ||
| Q2 25 | $0.23 | $3.06 | ||
| Q1 25 | $0.30 | $1.49 | ||
| Q4 24 | $0.89 | $1.64 | ||
| Q3 24 | $-0.19 | $2.41 | ||
| Q2 24 | $0.05 | $3.02 | ||
| Q1 24 | $-0.19 | $1.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $1.0B |
| Total DebtLower is stronger | $2.3B | $2.7B |
| Stockholders' EquityBook value | $1.2B | $5.0B |
| Total Assets | $11.3B | $14.8B |
| Debt / EquityLower = less leverage | 1.92× | 0.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.5B | $887.9M | ||
| Q1 25 | $1.8B | $779.9M | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.3B | $763.9M | ||
| Q2 24 | $1.3B | $950.3M | ||
| Q1 24 | $1.6B | $930.4M |
| Q4 25 | $2.3B | $2.7B | ||
| Q3 25 | $3.0B | $2.8B | ||
| Q2 25 | $3.0B | $2.8B | ||
| Q1 25 | $3.0B | $2.7B | ||
| Q4 24 | $3.1B | $2.7B | ||
| Q3 24 | $3.1B | $2.8B | ||
| Q2 24 | $3.1B | $2.7B | ||
| Q1 24 | $3.1B | $2.7B |
| Q4 25 | $1.2B | $5.0B | ||
| Q3 25 | $1.2B | $5.1B | ||
| Q2 25 | $1.2B | $5.1B | ||
| Q1 25 | $1.2B | $4.7B | ||
| Q4 24 | $1.1B | $4.5B | ||
| Q3 24 | $1.1B | $4.8B | ||
| Q2 24 | $996.0M | $4.8B | ||
| Q1 24 | $1.0B | $4.9B |
| Q4 25 | $11.3B | $14.8B | ||
| Q3 25 | $11.2B | $15.2B | ||
| Q2 25 | $11.5B | $15.3B | ||
| Q1 25 | $10.5B | $14.6B | ||
| Q4 24 | $9.9B | $14.0B | ||
| Q3 24 | $10.4B | $14.8B | ||
| Q2 24 | $10.2B | $14.7B | ||
| Q1 24 | $10.6B | $14.9B |
| Q4 25 | 1.92× | 0.54× | ||
| Q3 25 | 2.45× | 0.54× | ||
| Q2 25 | 2.44× | 0.54× | ||
| Q1 25 | 2.50× | 0.59× | ||
| Q4 24 | 2.81× | 0.61× | ||
| Q3 24 | 2.92× | 0.58× | ||
| Q2 24 | 3.12× | 0.57× | ||
| Q1 24 | 3.07× | 0.56× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $428.0M | $475.9M |
| Free Cash FlowOCF − Capex | $208.0M | $281.1M |
| FCF MarginFCF / Revenue | 5.4% | 4.7% |
| Capex IntensityCapex / Revenue | 5.7% | 3.3% |
| Cash ConversionOCF / Net Profit | 7.51× | 5.75× |
| TTM Free Cash FlowTrailing 4 quarters | $299.0M | $527.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $428.0M | $475.9M | ||
| Q3 25 | $146.0M | $444.4M | ||
| Q2 25 | $-124.0M | $296.2M | ||
| Q1 25 | $581.0M | $-127.7M | ||
| Q4 24 | $260.0M | $680.8M | ||
| Q3 24 | $149.0M | $182.7M | ||
| Q2 24 | $-48.0M | $291.2M | ||
| Q1 24 | $145.0M | $-34.6M |
| Q4 25 | $208.0M | $281.1M | ||
| Q3 25 | $17.0M | $307.0M | ||
| Q2 25 | $-267.0M | $170.8M | ||
| Q1 25 | $341.0M | $-231.7M | ||
| Q4 24 | $151.0M | $488.7M | ||
| Q3 24 | $15.0M | $50.5M | ||
| Q2 24 | $-170.0M | $170.4M | ||
| Q1 24 | $-57.0M | $-148.2M |
| Q4 25 | 5.4% | 4.7% | ||
| Q3 25 | 0.5% | 5.4% | ||
| Q2 25 | -7.1% | 2.8% | ||
| Q1 25 | 9.0% | -4.2% | ||
| Q4 24 | 4.0% | 8.6% | ||
| Q3 24 | 0.4% | 0.9% | ||
| Q2 24 | -4.5% | 2.8% | ||
| Q1 24 | -1.5% | -2.5% |
| Q4 25 | 5.7% | 3.3% | ||
| Q3 25 | 3.5% | 2.4% | ||
| Q2 25 | 3.8% | 2.1% | ||
| Q1 25 | 6.3% | 1.9% | ||
| Q4 24 | 2.9% | 3.4% | ||
| Q3 24 | 3.6% | 2.4% | ||
| Q2 24 | 3.3% | 2.0% | ||
| Q1 24 | 5.2% | 1.9% |
| Q4 25 | 7.51× | 5.75× | ||
| Q3 25 | 2.15× | 4.11× | ||
| Q2 25 | -2.21× | 1.79× | ||
| Q1 25 | 8.42× | -1.58× | ||
| Q4 24 | 1.21× | 7.73× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | -4.36× | 1.68× | ||
| Q1 24 | — | -0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KD
| Principal Markets Segment | $1.4B | 37% |
| United States Segment | $958.0M | 25% |
| Strategic Markets Segment | $905.0M | 23% |
| Other | $568.0M | 15% |
LEA
| Other | $3.5B | 59% |
| Seating Segment | $1.9B | 32% |
| E Systems Segment | $520.6M | 9% |
