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Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and related distribution; Road transportation and related distribution; Specialty businesses and related distribution. The company generates maximum revenue from Automotive and related distribution segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the most part in the "Road transportation and related distribution" segment.
1863
132.5K+
LTM Revenue $29.4B
LTM EBITDA $5.6B
$27.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Michelin has a last 12-month revenue of $29.4B and a last 12-month EBITDA of $5.6B.
In the most recent fiscal year, Michelin achieved revenue of $30.4B and an EBITDA of $5.2B.
Michelin expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Michelin valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $30.7B | $30.4B | XXX | XXX | XXX |
| Gross Profit | $7.5B | $8.1B | XXX | XXX | XXX |
| Gross Margin | 24% | 27% | XXX | XXX | XXX |
| EBITDA | $5.3B | $5.2B | XXX | XXX | XXX |
| EBITDA Margin | 17% | 17% | XXX | XXX | XXX |
| Net Profit | $2.0B | $2.1B | XXX | XXX | XXX |
| Net Margin | 6% | 7% | XXX | XXX | XXX |
| Net Debt | $2.7B | $4.3B | XXX | XXX | XXX |
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As of April 15, 2025, Michelin's stock price is EUR 30 (or $32).
Michelin has current market cap of EUR 21.1B (or $22.6B), and EV of EUR 25.2B (or $27.1B).
See Michelin trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $27.1B | $22.6B | XXX | XXX | XXX | XXX | $3.09 |
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Sign UpAs of April 15, 2025, Michelin has market cap of $22.6B and EV of $27.1B.
Michelin's trades at 0.9x LTM EV/Revenue multiple, and 4.8x LTM EBITDA.
Analysts estimate Michelin's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Michelin and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $27.1B | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 5.2x | XXX | XXX | XXX |
| P/E | 10.6x | XXX | XXX | XXX |
| P/E/Growth | 0.7x | XXX | XXX | XXX |
| EV/FCF | 8.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpMichelin's NTM/LTM revenue growth is 3%
Michelin's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $36K for the same period.
Over next 12 months, Michelin's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Michelin's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Michelin and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -1% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -1% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 20% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $36K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 16% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Kendrion | XXX | XXX | XXX | XXX | XXX | XXX |
| HGears | XXX | XXX | XXX | XXX | XXX | XXX |
| Thai Auto Tools and Die | XXX | XXX | XXX | XXX | XXX | XXX |
| Bosh India | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Michelin acquired XXX companies to date.
Last acquisition by Michelin was XXXXXXXX, XXXXX XXXXX XXXXXX . Michelin acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Michelin founded? | Michelin was founded in 1863. |
| Where is Michelin headquartered? | Michelin is headquartered in France. |
| How many employees does Michelin have? | As of today, Michelin has 132.5K+ employees. |
| Is Michelin publicy listed? | Yes, Michelin is a public company listed on PAR. |
| What is the stock symbol of Michelin? | Michelin trades under ML ticker. |
| When did Michelin go public? | Michelin went public in 1989. |
| Who are competitors of Michelin? | Similar companies to Michelin include e.g. , Kendrion, HGears, Thai Auto Tools and Die. |
| What is the current market cap of Michelin? | Michelin's current market cap is $22.6B |
| What is the current revenue of Michelin? | Michelin's last 12-month revenue is $29.4B. |
| What is the current EBITDA of Michelin? | Michelin's last 12-month EBITDA is $5.6B. |
| What is the current EV/Revenue multiple of Michelin? | Current revenue multiple of Michelin is 0.9x. |
| What is the current EV/EBITDA multiple of Michelin? | Current EBITDA multiple of Michelin is 4.8x. |
| What is the current revenue growth of Michelin? | Michelin revenue growth between 2023 and 2024 was -1%. |
| Is Michelin profitable? | Yes, Michelin is EBITDA-positive (as of the last 12 months). |
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