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Side-by-side financial comparison of LEAR CORP (LEA) and PATRICK INDUSTRIES INC (PATK). Click either name above to swap in a different company.
LEAR CORP is the larger business by last-quarter revenue ($6.0B vs $924.2M, roughly 6.5× PATRICK INDUSTRIES INC). PATRICK INDUSTRIES INC runs the higher net margin — 3.1% vs 1.4%, a 1.8% gap on every dollar of revenue. On growth, PATRICK INDUSTRIES INC posted the faster year-over-year revenue change (9.2% vs 4.8%). LEAR CORP produced more free cash flow last quarter ($281.1M vs $112.7M). Over the past eight quarters, LEAR CORP's revenue compounded faster (-0.1% CAGR vs -0.5%).
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.
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
LEA vs PATK — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $924.2M |
| Net Profit | $82.7M | $29.1M |
| Gross Margin | 5.7% | 23.0% |
| Operating Margin | 2.6% | 6.2% |
| Net Margin | 1.4% | 3.1% |
| Revenue YoY | 4.8% | 9.2% |
| Net Profit YoY | -6.1% | 99.7% |
| EPS (diluted) | $1.58 | $0.82 |
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 | $6.0B | $924.2M | ||
| Q3 25 | $5.7B | $975.6M | ||
| Q2 25 | $6.0B | $1.0B | ||
| Q1 25 | $5.6B | $1.0B | ||
| Q4 24 | $5.7B | $846.1M | ||
| Q3 24 | $5.6B | $919.4M | ||
| Q2 24 | $6.0B | $1.0B | ||
| Q1 24 | $6.0B | $933.5M |
| Q4 25 | $82.7M | $29.1M | ||
| Q3 25 | $108.2M | $35.3M | ||
| Q2 25 | $165.2M | $32.4M | ||
| Q1 25 | $80.7M | $38.2M | ||
| Q4 24 | $88.1M | $14.6M | ||
| Q3 24 | $135.8M | $40.9M | ||
| Q2 24 | $173.1M | $47.9M | ||
| Q1 24 | $109.6M | $35.1M |
| Q4 25 | 5.7% | 23.0% | ||
| Q3 25 | 6.4% | 22.6% | ||
| Q2 25 | 7.3% | 23.9% | ||
| Q1 25 | 6.5% | 22.8% | ||
| Q4 24 | 6.8% | 22.1% | ||
| Q3 24 | 7.3% | 23.1% | ||
| Q2 24 | 7.5% | 22.8% | ||
| Q1 24 | 6.6% | 21.9% |
| Q4 25 | 2.6% | 6.2% | ||
| Q3 25 | 3.4% | 6.8% | ||
| Q2 25 | 4.1% | 8.3% | ||
| Q1 25 | 3.3% | 6.5% | ||
| Q4 24 | 3.7% | 4.7% | ||
| Q3 24 | 3.9% | 8.1% | ||
| Q2 24 | 4.3% | 8.3% | ||
| Q1 24 | 3.3% | 6.4% |
| Q4 25 | 1.4% | 3.1% | ||
| Q3 25 | 1.9% | 3.6% | ||
| Q2 25 | 2.7% | 3.1% | ||
| Q1 25 | 1.5% | 3.8% | ||
| Q4 24 | 1.5% | 1.7% | ||
| Q3 24 | 2.4% | 4.4% | ||
| Q2 24 | 2.9% | 4.7% | ||
| Q1 24 | 1.8% | 3.8% |
| Q4 25 | $1.58 | $0.82 | ||
| Q3 25 | $2.02 | $1.01 | ||
| Q2 25 | $3.06 | $0.96 | ||
| Q1 25 | $1.49 | $1.11 | ||
| Q4 24 | $1.64 | $-1.44 | ||
| Q3 24 | $2.41 | $1.80 | ||
| Q2 24 | $3.02 | $2.16 | ||
| Q1 24 | $1.90 | $1.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $26.4M |
| Total DebtLower is stronger | $2.7B | $1.3B |
| Stockholders' EquityBook value | $5.0B | $1.2B |
| Total Assets | $14.8B | $3.1B |
| Debt / EquityLower = less leverage | 0.54× | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $26.4M | ||
| Q3 25 | $1.0B | $20.7M | ||
| Q2 25 | $887.9M | $22.0M | ||
| Q1 25 | $779.9M | $86.6M | ||
| Q4 24 | $1.1B | $33.6M | ||
| Q3 24 | $763.9M | $52.6M | ||
| Q2 24 | $950.3M | $44.0M | ||
| Q1 24 | $930.4M | $17.6M |
| Q4 25 | $2.7B | $1.3B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | $1.3B | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $5.0B | $1.2B | ||
| Q3 25 | $5.1B | $1.2B | ||
| Q2 25 | $5.1B | $1.1B | ||
| Q1 25 | $4.7B | $1.1B | ||
| Q4 24 | $4.5B | $1.1B | ||
| Q3 24 | $4.8B | $1.1B | ||
| Q2 24 | $4.8B | $1.1B | ||
| Q1 24 | $4.9B | $1.1B |
| Q4 25 | $14.8B | $3.1B | ||
| Q3 25 | $15.2B | $3.1B | ||
| Q2 25 | $15.3B | $3.1B | ||
| Q1 25 | $14.6B | $3.2B | ||
| Q4 24 | $14.0B | $3.0B | ||
| Q3 24 | $14.8B | $3.1B | ||
| Q2 24 | $14.7B | $3.0B | ||
| Q1 24 | $14.9B | $3.0B |
| Q4 25 | 0.54× | 1.10× | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.61× | 1.18× | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 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 | $475.9M | $130.8M |
| Free Cash FlowOCF − Capex | $281.1M | $112.7M |
| FCF MarginFCF / Revenue | 4.7% | 12.2% |
| Capex IntensityCapex / Revenue | 3.3% | 2.0% |
| Cash ConversionOCF / Net Profit | 5.75× | 4.50× |
| TTM Free Cash FlowTrailing 4 quarters | $527.2M | $246.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $475.9M | $130.8M | ||
| Q3 25 | $444.4M | $9.1M | ||
| Q2 25 | $296.2M | $149.4M | ||
| Q1 25 | $-127.7M | $40.1M | ||
| Q4 24 | $680.8M | $102.7M | ||
| Q3 24 | $182.7M | $51.5M | ||
| Q2 24 | $291.2M | $137.5M | ||
| Q1 24 | $-34.6M | $35.2M |
| Q4 25 | $281.1M | $112.7M | ||
| Q3 25 | $307.0M | $-17.2M | ||
| Q2 25 | $170.8M | $131.1M | ||
| Q1 25 | $-231.7M | $19.9M | ||
| Q4 24 | $488.7M | $77.2M | ||
| Q3 24 | $50.5M | $33.7M | ||
| Q2 24 | $170.4M | $120.6M | ||
| Q1 24 | $-148.2M | $19.7M |
| Q4 25 | 4.7% | 12.2% | ||
| Q3 25 | 5.4% | -1.8% | ||
| Q2 25 | 2.8% | 12.5% | ||
| Q1 25 | -4.2% | 2.0% | ||
| Q4 24 | 8.6% | 9.1% | ||
| Q3 24 | 0.9% | 3.7% | ||
| Q2 24 | 2.8% | 11.9% | ||
| Q1 24 | -2.5% | 2.1% |
| Q4 25 | 3.3% | 2.0% | ||
| Q3 25 | 2.4% | 2.7% | ||
| Q2 25 | 2.1% | 1.7% | ||
| Q1 25 | 1.9% | 2.0% | ||
| Q4 24 | 3.4% | 3.0% | ||
| Q3 24 | 2.4% | 1.9% | ||
| Q2 24 | 2.0% | 1.7% | ||
| Q1 24 | 1.9% | 1.7% |
| Q4 25 | 5.75× | 4.50× | ||
| Q3 25 | 4.11× | 0.26× | ||
| Q2 25 | 1.79× | 4.61× | ||
| Q1 25 | -1.58× | 1.05× | ||
| Q4 24 | 7.73× | 7.05× | ||
| Q3 24 | 1.35× | 1.26× | ||
| Q2 24 | 1.68× | 2.87× | ||
| Q1 24 | -0.32× | 1.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LEA
| Other | $3.5B | 59% |
| Seating Segment | $1.9B | 32% |
| E Systems Segment | $520.6M | 9% |
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
