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Side-by-side financial comparison of LEAR CORP (LEA) and TE Connectivity (TEL). Click either name above to swap in a different company.
LEAR CORP is the larger business by last-quarter revenue ($6.0B vs $4.7B, roughly 1.3× TE Connectivity). TE Connectivity runs the higher net margin — 16.1% vs 1.4%, a 14.7% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (21.7% vs 4.8%). TE Connectivity produced more free cash flow last quarter ($607.0M vs $281.1M). Over the past eight quarters, TE Connectivity's revenue compounded faster (8.5% 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.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
LEA vs TEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $4.7B |
| Net Profit | $82.7M | $750.0M |
| Gross Margin | 5.7% | 37.2% |
| Operating Margin | 2.6% | 20.6% |
| Net Margin | 1.4% | 16.1% |
| Revenue YoY | 4.8% | 21.7% |
| Net Profit YoY | -6.1% | 42.0% |
| EPS (diluted) | $1.58 | $2.53 |
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 | $4.7B | ||
| Q3 25 | $5.7B | $4.7B | ||
| Q2 25 | $6.0B | $4.5B | ||
| Q1 25 | $5.6B | $4.1B | ||
| Q4 24 | $5.7B | $3.8B | ||
| Q3 24 | $5.6B | $4.1B | ||
| Q2 24 | $6.0B | $4.0B | ||
| Q1 24 | $6.0B | $4.0B |
| Q4 25 | $82.7M | $750.0M | ||
| Q3 25 | $108.2M | $663.0M | ||
| Q2 25 | $165.2M | $638.0M | ||
| Q1 25 | $80.7M | $13.0M | ||
| Q4 24 | $88.1M | $528.0M | ||
| Q3 24 | $135.8M | $276.0M | ||
| Q2 24 | $173.1M | $573.0M | ||
| Q1 24 | $109.6M | $541.0M |
| Q4 25 | 5.7% | 37.2% | ||
| Q3 25 | 6.4% | 35.0% | ||
| Q2 25 | 7.3% | 35.3% | ||
| Q1 25 | 6.5% | 35.2% | ||
| Q4 24 | 6.8% | 35.5% | ||
| Q3 24 | 7.3% | 34.0% | ||
| Q2 24 | 7.5% | 34.8% | ||
| Q1 24 | 6.6% | 34.4% |
| Q4 25 | 2.6% | 20.6% | ||
| Q3 25 | 3.4% | 19.3% | ||
| Q2 25 | 4.1% | 18.9% | ||
| Q1 25 | 3.3% | 18.1% | ||
| Q4 24 | 3.7% | 18.0% | ||
| Q3 24 | 3.9% | 16.0% | ||
| Q2 24 | 4.3% | 19.0% | ||
| Q1 24 | 3.3% | 17.4% |
| Q4 25 | 1.4% | 16.1% | ||
| Q3 25 | 1.9% | 14.0% | ||
| Q2 25 | 2.7% | 14.1% | ||
| Q1 25 | 1.5% | 0.3% | ||
| Q4 24 | 1.5% | 13.8% | ||
| Q3 24 | 2.4% | 6.8% | ||
| Q2 24 | 2.9% | 14.4% | ||
| Q1 24 | 1.8% | 13.6% |
| Q4 25 | $1.58 | $2.53 | ||
| Q3 25 | $2.02 | $2.23 | ||
| Q2 25 | $3.06 | $2.14 | ||
| Q1 25 | $1.49 | $0.04 | ||
| Q4 24 | $1.64 | $1.75 | ||
| Q3 24 | $2.41 | $0.96 | ||
| Q2 24 | $3.02 | $1.86 | ||
| Q1 24 | $1.90 | $1.75 |
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 | $1.3B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $5.0B | $13.0B |
| Total Assets | $14.8B | $25.6B |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $887.9M | $672.0M | ||
| Q1 25 | $779.9M | $2.6B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $763.9M | $1.3B | ||
| Q2 24 | $950.3M | $1.5B | ||
| Q1 24 | $930.4M | $1.2B |
| 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 | $13.0B | ||
| Q3 25 | $5.1B | $12.6B | ||
| Q2 25 | $5.1B | $12.4B | ||
| Q1 25 | $4.7B | $12.1B | ||
| Q4 24 | $4.5B | $12.4B | ||
| Q3 24 | $4.8B | $12.4B | ||
| Q2 24 | $4.8B | $12.6B | ||
| Q1 24 | $4.9B | $12.4B |
| Q4 25 | $14.8B | $25.6B | ||
| Q3 25 | $15.2B | $25.1B | ||
| Q2 25 | $15.3B | $24.9B | ||
| Q1 25 | $14.6B | $23.7B | ||
| Q4 24 | $14.0B | $22.4B | ||
| Q3 24 | $14.8B | $22.9B | ||
| Q2 24 | $14.7B | $22.9B | ||
| Q1 24 | $14.9B | $22.8B |
| 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 | $865.0M |
| Free Cash FlowOCF − Capex | $281.1M | $607.0M |
| FCF MarginFCF / Revenue | 4.7% | 13.0% |
| Capex IntensityCapex / Revenue | 3.3% | 5.5% |
| Cash ConversionOCF / Net Profit | 5.75× | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $527.2M | $3.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $475.9M | $865.0M | ||
| Q3 25 | $444.4M | $1.4B | ||
| Q2 25 | $296.2M | $1.2B | ||
| Q1 25 | $-127.7M | $653.0M | ||
| Q4 24 | $680.8M | $878.0M | ||
| Q3 24 | $182.7M | $1.0B | ||
| Q2 24 | $291.2M | $1.0B | ||
| Q1 24 | $-34.6M | $710.0M |
| Q4 25 | $281.1M | $607.0M | ||
| Q3 25 | $307.0M | $1.1B | ||
| Q2 25 | $170.8M | $957.0M | ||
| Q1 25 | $-231.7M | $423.0M | ||
| Q4 24 | $488.7M | $673.0M | ||
| Q3 24 | $50.5M | $829.0M | ||
| Q2 24 | $170.4M | $857.0M | ||
| Q1 24 | $-148.2M | $543.0M |
| Q4 25 | 4.7% | 13.0% | ||
| Q3 25 | 5.4% | 24.2% | ||
| Q2 25 | 2.8% | 21.1% | ||
| Q1 25 | -4.2% | 10.2% | ||
| Q4 24 | 8.6% | 17.5% | ||
| Q3 24 | 0.9% | 20.4% | ||
| Q2 24 | 2.8% | 21.5% | ||
| Q1 24 | -2.5% | 13.7% |
| Q4 25 | 3.3% | 5.5% | ||
| Q3 25 | 2.4% | 5.7% | ||
| Q2 25 | 2.1% | 5.1% | ||
| Q1 25 | 1.9% | 5.6% | ||
| Q4 24 | 3.4% | 5.3% | ||
| Q3 24 | 2.4% | 5.2% | ||
| Q2 24 | 2.0% | 3.7% | ||
| Q1 24 | 1.9% | 4.2% |
| Q4 25 | 5.75× | 1.15× | ||
| Q3 25 | 4.11× | 2.14× | ||
| Q2 25 | 1.79× | 1.86× | ||
| Q1 25 | -1.58× | 50.23× | ||
| Q4 24 | 7.73× | 1.66× | ||
| Q3 24 | 1.35× | 3.78× | ||
| Q2 24 | 1.68× | 1.76× | ||
| Q1 24 | -0.32× | 1.31× |
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% |
TEL
| Automotive Industry End Market | $1.9B | 40% |
| Digital Data Networks | $707.0M | 15% |
| Automation And Connected Living Industry End Market | $549.0M | 12% |
| Energy Industry End Market | $406.0M | 9% |
| Aerospace Defense And Marine Industry End Market | $381.0M | 8% |
| Commercial Transportation Industry End Market | $370.0M | 8% |
| Sensors Industry End Market | $212.0M | 5% |
| Medical Industry End Market | $159.0M | 3% |
