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Side-by-side financial comparison of LEAR CORP (LEA) and Qualcomm (QCOM). Click either name above to swap in a different company.

Qualcomm is the larger business by last-quarter revenue ($10.6B vs $6.0B, roughly 1.8× LEAR CORP). Qualcomm runs the higher net margin — 69.5% vs 1.4%, a 68.2% gap on every dollar of revenue. On growth, LEAR CORP posted the faster year-over-year revenue change (4.8% vs -3.5%). Over the past eight quarters, Qualcomm's revenue compounded faster (6.2% CAGR vs -0.1%).

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.

Qualcomm Incorporated is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards.

LEA vs QCOM — Head-to-Head

Bigger by revenue
QCOM
QCOM
1.8× larger
QCOM
$10.6B
$6.0B
LEA
Growing faster (revenue YoY)
LEA
LEA
+8.3% gap
LEA
4.8%
-3.5%
QCOM
Higher net margin
QCOM
QCOM
68.2% more per $
QCOM
69.5%
1.4%
LEA
Faster 2-yr revenue CAGR
QCOM
QCOM
Annualised
QCOM
6.2%
-0.1%
LEA

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
LEA
LEA
QCOM
QCOM
Revenue
$6.0B
$10.6B
Net Profit
$82.7M
$7.4B
Gross Margin
5.7%
53.8%
Operating Margin
2.6%
21.8%
Net Margin
1.4%
69.5%
Revenue YoY
4.8%
-3.5%
Net Profit YoY
-6.1%
EPS (diluted)
$1.58
$6.88

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.

Revenue
LEA
LEA
QCOM
QCOM
Q1 26
$10.6B
Q4 25
$6.0B
$12.3B
Q3 25
$5.7B
$11.3B
Q2 25
$6.0B
$10.4B
Q1 25
$5.6B
$11.0B
Q4 24
$5.7B
$11.7B
Q3 24
$5.6B
$10.2B
Q2 24
$6.0B
$9.4B
Net Profit
LEA
LEA
QCOM
QCOM
Q1 26
$7.4B
Q4 25
$82.7M
$3.0B
Q3 25
$108.2M
$-3.1B
Q2 25
$165.2M
$2.7B
Q1 25
$80.7M
$2.8B
Q4 24
$88.1M
$3.2B
Q3 24
$135.8M
$2.9B
Q2 24
$173.1M
$2.1B
Gross Margin
LEA
LEA
QCOM
QCOM
Q1 26
53.8%
Q4 25
5.7%
54.6%
Q3 25
6.4%
55.3%
Q2 25
7.3%
55.6%
Q1 25
6.5%
55.0%
Q4 24
6.8%
55.8%
Q3 24
7.3%
56.4%
Q2 24
7.5%
55.6%
Operating Margin
LEA
LEA
QCOM
QCOM
Q1 26
21.8%
Q4 25
2.6%
27.5%
Q3 25
3.4%
25.9%
Q2 25
4.1%
26.6%
Q1 25
3.3%
28.4%
Q4 24
3.7%
30.5%
Q3 24
3.9%
25.2%
Q2 24
4.3%
23.6%
Net Margin
LEA
LEA
QCOM
QCOM
Q1 26
69.5%
Q4 25
1.4%
24.5%
Q3 25
1.9%
-27.7%
Q2 25
2.7%
25.7%
Q1 25
1.5%
25.6%
Q4 24
1.5%
27.3%
Q3 24
2.4%
28.5%
Q2 24
2.9%
22.7%
EPS (diluted)
LEA
LEA
QCOM
QCOM
Q1 26
$6.88
Q4 25
$1.58
$2.78
Q3 25
$2.02
$-2.77
Q2 25
$3.06
$2.43
Q1 25
$1.49
$2.52
Q4 24
$1.64
$2.83
Q3 24
$2.41
$2.57
Q2 24
$3.02
$1.88

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LEA
LEA
QCOM
QCOM
Cash + ST InvestmentsLiquidity on hand
$1.0B
$5.4B
Total DebtLower is stronger
$2.7B
$15.3B
Stockholders' EquityBook value
$5.0B
$27.3B
Total Assets
$14.8B
$57.1B
Debt / EquityLower = less leverage
0.54×
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEA
LEA
QCOM
QCOM
Q1 26
$5.4B
Q4 25
$1.0B
$11.8B
Q3 25
$1.0B
$10.2B
Q2 25
$887.9M
$10.0B
Q1 25
$779.9M
$13.8B
Q4 24
$1.1B
$14.3B
Q3 24
$763.9M
$13.3B
Q2 24
$950.3M
$13.0B
Total Debt
LEA
LEA
QCOM
QCOM
Q1 26
$15.3B
Q4 25
$2.7B
$14.8B
Q3 25
$2.8B
$14.8B
Q2 25
$2.8B
$14.8B
Q1 25
$2.7B
$13.3B
Q4 24
$2.7B
$13.2B
Q3 24
$2.8B
$13.3B
Q2 24
$2.7B
$13.2B
Stockholders' Equity
LEA
LEA
QCOM
QCOM
Q1 26
$27.3B
Q4 25
$5.0B
$23.1B
Q3 25
$5.1B
$21.2B
Q2 25
$5.1B
$27.2B
Q1 25
$4.7B
$27.7B
Q4 24
$4.5B
$26.9B
Q3 24
$4.8B
$26.3B
Q2 24
$4.8B
$24.7B
Total Assets
LEA
LEA
QCOM
QCOM
Q1 26
$57.1B
Q4 25
$14.8B
$53.0B
Q3 25
$15.2B
$50.1B
Q2 25
$15.3B
$54.9B
Q1 25
$14.6B
$55.4B
Q4 24
$14.0B
$55.6B
Q3 24
$14.8B
$55.2B
Q2 24
$14.7B
$52.7B
Debt / Equity
LEA
LEA
QCOM
QCOM
Q1 26
0.56×
Q4 25
0.54×
0.64×
Q3 25
0.54×
0.70×
Q2 25
0.54×
0.54×
Q1 25
0.59×
0.48×
Q4 24
0.61×
0.49×
Q3 24
0.58×
0.51×
Q2 24
0.57×
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LEA
LEA
QCOM
QCOM
Operating Cash FlowLast quarter
$475.9M
$7.4B
Free Cash FlowOCF − Capex
$281.1M
FCF MarginFCF / Revenue
4.7%
Capex IntensityCapex / Revenue
3.3%
10.2%
Cash ConversionOCF / Net Profit
5.75×
1.01×
TTM Free Cash FlowTrailing 4 quarters
$527.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEA
LEA
QCOM
QCOM
Q1 26
$7.4B
Q4 25
$475.9M
$5.0B
Q3 25
$444.4M
$4.0B
Q2 25
$296.2M
$2.9B
Q1 25
$-127.7M
$2.6B
Q4 24
$680.8M
$4.6B
Q3 24
$182.7M
$2.6B
Q2 24
$291.2M
$3.1B
Free Cash Flow
LEA
LEA
QCOM
QCOM
Q1 26
Q4 25
$281.1M
$4.4B
Q3 25
$307.0M
$3.6B
Q2 25
$170.8M
$2.6B
Q1 25
$-231.7M
$2.3B
Q4 24
$488.7M
$4.3B
Q3 24
$50.5M
$2.4B
Q2 24
$170.4M
$2.7B
FCF Margin
LEA
LEA
QCOM
QCOM
Q1 26
Q4 25
4.7%
36.0%
Q3 25
5.4%
31.8%
Q2 25
2.8%
24.9%
Q1 25
-4.2%
21.3%
Q4 24
8.6%
36.9%
Q3 24
0.9%
23.3%
Q2 24
2.8%
28.4%
Capex Intensity
LEA
LEA
QCOM
QCOM
Q1 26
10.2%
Q4 25
3.3%
4.5%
Q3 25
2.4%
3.6%
Q2 25
2.1%
2.8%
Q1 25
1.9%
1.9%
Q4 24
3.4%
2.4%
Q3 24
2.4%
2.5%
Q2 24
2.0%
4.1%
Cash Conversion
LEA
LEA
QCOM
QCOM
Q1 26
1.01×
Q4 25
5.75×
1.65×
Q3 25
4.11×
Q2 25
1.79×
1.08×
Q1 25
-1.58×
0.91×
Q4 24
7.73×
1.44×
Q3 24
1.35×
0.91×
Q2 24
1.68×
1.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LEA
LEA

Other$3.5B59%
Seating Segment$1.9B32%
E Systems Segment$520.6M9%

QCOM
QCOM

Equipment and services$9.1B85%
Licensing$1.5B15%

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