Financials in USD. Standardized financial statements.
A compact view of how Compagnie Générale des Établissements Michelin Société en commandite par actions turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $25.99B | $27.19B | $28.34B | $28.59B | $23.80B | $20.47B | $24.14B | $22.03B | $21.96B | $20.91B |
| Revenue Growth? | -4.4% | -4.1% | -0.9% | +20.2% | +16.2% | -15.2% | +9.6% | +0.3% | +5.0% | 0.0% |
| Cost of Revenue? | $18.97B | $19.45B | $20.39B | $21.05B | $16.81B | $14.75B | $17.05B | $14.91B | $14.81B | $13.81B |
| Gross Profit? | $7.02B | $7.75B | $7.95B | $7.54B | $6.99B | $5.71B | $7.08B | $7.12B | $7.14B | $7.10B |
| Gross Margin? | +27.0% | +28.5% | +28.0% | +26.4% | +29.4% | +27.9% | +29.3% | +32.3% | +32.5% | +33.9% |
| Operating Expenses? | $4.65B | $5.12B | $5.30B | $4.52B | $4.21B | $4.31B | $4.07B | $4.38B | $4.39B | $4.10B |
| Operating Income? | $2.37B | $2.63B | $2.65B | $3.02B | $2.78B | $1.40B | $2.69B | $2.55B | $2.63B | $2.79B |
| EBITDA? | $4.65B | $4.83B | $4.88B | $4.95B | $4.54B | $3.40B | $4.48B | $4.04B | $3.97B | $4.19B |
| Income Before Tax | $2.26B | $2.44B | $2.49B | $2.66B | $2.47B | $979.00M | $2.24B | $2.23B | $2.35B | $2.46B |
| Income Tax Expense | $594.00M | $555.00M | $507.00M | $647.00M | $626.00M | $354.00M | $506.00M | $570.00M | $661.00M | $797.00M |
| Net Income? | $1.67B | $1.88B | $1.98B | $2.00B | $1.84B | $632.00M | $1.75B | $1.68B | $1.70B | $1.68B |
| EPS? | $2.36 | $2.65 | $2.77 | $2.81 | $2.58 | $0.88 | $2.44 | $2.34 | $2.36 | $2.32 |
| Diluted EPS? | $2.36 | $2.61 | $2.76 | $2.79 | $2.56 | $0.88 | $2.43 | $2.33 | $2.35 | $2.24 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality