BorgWarner vs Lear
Lear reported revenue of $23.3 billion in fiscal 2025, 1.6 times BorgWarner's $14.3 billion in fiscal 2025. BorgWarner's revenue grew 1.6% in its latest year, and Lear's fell 0.2%. BorgWarner had an operating margin of 3.7%, against 3.3% at Lear. Free cash flow was $1.2 billion at BorgWarner and $527 million at Lear.
Side by side
| BorgWarner | Lear | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $14.3B | $23.3B |
| Revenue growth | 1.6% | −0.2% |
| Revenue growth a year, last 5 years | 7.1% | 6.4% |
| Gross margin | 18.7% | 6.5% |
| Operating margin | 3.7% | 3.3% |
| Net margin | 1.9% | 1.9% |
| Free cash flow | $1.2B | $527M |
| Free cash flow margin | 8.2% | 2.3% |
| Return on capital | 4.6% | 8.9% |
| Net debt to EBITDA | 1.3x | 1.2x |
| Dividends and buybacks | $627M | $490M |
| Change in diluted share count | −3.7% | −5.1% |
| Last close | $55.12 | $116.57 |
| P/E at the last close | 27.2× | 10.9× |
| Insider trades, last 12 months | bought $500,639, sold $17.6 million | sold $15.5 million |
| Piotroski F-score | 7 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
BorgWarnerLear
Operating margin
Percent of revenue
BorgWarnerLear
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BorgWarnerLear
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the BorgWarner and Lear pages.