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Side-by-side financial comparison of LEAR CORP (LEA) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
LEAR CORP is the larger business by last-quarter revenue ($6.0B vs $3.7B, roughly 1.6× SHOPIFY INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs 1.4%, a 18.9% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 4.8%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $281.1M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% 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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
LEA vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $3.7B |
| Net Profit | $82.7M | $743.0M |
| Gross Margin | 5.7% | 46.1% |
| Operating Margin | 2.6% | 17.2% |
| Net Margin | 1.4% | 20.2% |
| Revenue YoY | 4.8% | 30.6% |
| Net Profit YoY | -6.1% | -42.5% |
| EPS (diluted) | $1.58 | $0.58 |
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 | $6.0B | $3.7B | ||
| Q3 25 | $5.7B | $2.8B | ||
| Q2 25 | $6.0B | $2.7B | ||
| Q1 25 | $5.6B | $2.4B | ||
| Q4 24 | $5.7B | $2.8B | ||
| Q3 24 | $5.6B | $2.2B | ||
| Q2 24 | $6.0B | $2.0B | ||
| Q1 24 | $6.0B | $1.9B |
| Q4 25 | $82.7M | $743.0M | ||
| Q3 25 | $108.2M | $264.0M | ||
| Q2 25 | $165.2M | $906.0M | ||
| Q1 25 | $80.7M | $-682.0M | ||
| Q4 24 | $88.1M | $1.3B | ||
| Q3 24 | $135.8M | $828.0M | ||
| Q2 24 | $173.1M | $171.0M | ||
| Q1 24 | $109.6M | $-273.0M |
| Q4 25 | 5.7% | 46.1% | ||
| Q3 25 | 6.4% | 48.9% | ||
| Q2 25 | 7.3% | 48.6% | ||
| Q1 25 | 6.5% | 49.5% | ||
| Q4 24 | 6.8% | 48.1% | ||
| Q3 24 | 7.3% | 51.7% | ||
| Q2 24 | 7.5% | 51.1% | ||
| Q1 24 | 6.6% | 51.4% |
| Q4 25 | 2.6% | 17.2% | ||
| Q3 25 | 3.4% | 12.1% | ||
| Q2 25 | 4.1% | 10.9% | ||
| Q1 25 | 3.3% | 8.6% | ||
| Q4 24 | 3.7% | 16.5% | ||
| Q3 24 | 3.9% | 13.1% | ||
| Q2 24 | 4.3% | 11.8% | ||
| Q1 24 | 3.3% | 4.6% |
| Q4 25 | 1.4% | 20.2% | ||
| Q3 25 | 1.9% | 9.3% | ||
| Q2 25 | 2.7% | 33.8% | ||
| Q1 25 | 1.5% | -28.9% | ||
| Q4 24 | 1.5% | 46.0% | ||
| Q3 24 | 2.4% | 38.3% | ||
| Q2 24 | 2.9% | 8.4% | ||
| Q1 24 | 1.8% | -14.7% |
| Q4 25 | $1.58 | $0.58 | ||
| Q3 25 | $2.02 | $0.20 | ||
| Q2 25 | $3.06 | $0.69 | ||
| Q1 25 | $1.49 | $-0.53 | ||
| Q4 24 | $1.64 | $0.99 | ||
| Q3 24 | $2.41 | $0.64 | ||
| Q2 24 | $3.02 | $0.13 | ||
| Q1 24 | $1.90 | $-0.21 |
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 | $5.8B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $5.0B | $13.5B |
| Total Assets | $14.8B | $15.2B |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $5.8B | ||
| Q3 25 | $1.0B | $6.3B | ||
| Q2 25 | $887.9M | $5.8B | ||
| Q1 25 | $779.9M | $5.5B | ||
| Q4 24 | $1.1B | $5.5B | ||
| Q3 24 | $763.9M | — | ||
| Q2 24 | $950.3M | — | ||
| Q1 24 | $930.4M | — |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $5.0B | $13.5B | ||
| Q3 25 | $5.1B | $12.5B | ||
| Q2 25 | $5.1B | $12.1B | ||
| Q1 25 | $4.7B | $11.1B | ||
| Q4 24 | $4.5B | $11.6B | ||
| Q3 24 | $4.8B | $10.1B | ||
| Q2 24 | $4.8B | $9.2B | ||
| Q1 24 | $4.9B | $8.9B |
| Q4 25 | $14.8B | $15.2B | ||
| Q3 25 | $15.2B | $15.0B | ||
| Q2 25 | $15.3B | $14.6B | ||
| Q1 25 | $14.6B | $13.4B | ||
| Q4 24 | $14.0B | $13.9B | ||
| Q3 24 | $14.8B | — | ||
| Q2 24 | $14.7B | — | ||
| Q1 24 | $14.9B | — |
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.61× | — | ||
| 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 | $725.0M |
| Free Cash FlowOCF − Capex | $281.1M | $715.0M |
| FCF MarginFCF / Revenue | 4.7% | 19.5% |
| Capex IntensityCapex / Revenue | 3.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 5.75× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $527.2M | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $475.9M | $725.0M | ||
| Q3 25 | $444.4M | $513.0M | ||
| Q2 25 | $296.2M | $428.0M | ||
| Q1 25 | $-127.7M | $367.0M | ||
| Q4 24 | $680.8M | $615.0M | ||
| Q3 24 | $182.7M | $423.0M | ||
| Q2 24 | $291.2M | $340.0M | ||
| Q1 24 | $-34.6M | $238.0M |
| Q4 25 | $281.1M | $715.0M | ||
| Q3 25 | $307.0M | $507.0M | ||
| Q2 25 | $170.8M | $422.0M | ||
| Q1 25 | $-231.7M | $363.0M | ||
| Q4 24 | $488.7M | $611.0M | ||
| Q3 24 | $50.5M | $421.0M | ||
| Q2 24 | $170.4M | $333.0M | ||
| Q1 24 | $-148.2M | $232.0M |
| Q4 25 | 4.7% | 19.5% | ||
| Q3 25 | 5.4% | 17.8% | ||
| Q2 25 | 2.8% | 15.7% | ||
| Q1 25 | -4.2% | 15.4% | ||
| Q4 24 | 8.6% | 21.7% | ||
| Q3 24 | 0.9% | 19.5% | ||
| Q2 24 | 2.8% | 16.3% | ||
| Q1 24 | -2.5% | 12.5% |
| Q4 25 | 3.3% | 0.3% | ||
| Q3 25 | 2.4% | 0.2% | ||
| Q2 25 | 2.1% | 0.2% | ||
| Q1 25 | 1.9% | 0.2% | ||
| Q4 24 | 3.4% | 0.1% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 2.0% | 0.3% | ||
| Q1 24 | 1.9% | 0.3% |
| Q4 25 | 5.75× | 0.98× | ||
| Q3 25 | 4.11× | 1.94× | ||
| Q2 25 | 1.79× | 0.47× | ||
| Q1 25 | -1.58× | — | ||
| Q4 24 | 7.73× | 0.48× | ||
| Q3 24 | 1.35× | 0.51× | ||
| Q2 24 | 1.68× | 1.99× | ||
| Q1 24 | -0.32× | — |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
