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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
129.8K+
LTM Revenue $30.6B
LTM EBITDA $5.8B
$30.7B
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Michelin has a last 12-month revenue (LTM) of $30.6B and a last 12-month EBITDA of $5.8B.
In the most recent fiscal year, Michelin achieved revenue of $30.5B and an EBITDA of $5.4B.
Michelin expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Michelin valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $30.6B | XXX | $30.5B | XXX | XXX | XXX |
| Gross Profit | $9.0B | XXX | $8.7B | XXX | XXX | XXX |
| Gross Margin | 29% | XXX | 28% | XXX | XXX | XXX |
| EBITDA | $5.8B | XXX | $5.4B | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBIT | $3.8B | XXX | $3.6B | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $2.3B | XXX | $2.1B | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $2.8B | XXX | XXX | XXX |
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As of May 30, 2025, Michelin's stock price is EUR 34 (or $38).
Michelin has current market cap of EUR 23.9B (or $26.9B), and EV of EUR 27.3B (or $30.7B).
See Michelin trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $30.7B | $26.9B | XXX | XXX | XXX | XXX | $3.31 |
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Start Free TrialAs of May 30, 2025, Michelin has market cap of $26.9B and EV of $30.7B.
Michelin's trades at 1.0x EV/Revenue multiple, and 5.7x EV/EBITDA.
Equity research analysts estimate Michelin's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Michelin has a P/E ratio of 11.6x.
See valuation multiples for Michelin and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $26.9B | XXX | $26.9B | XXX | XXX | XXX |
| EV (current) | $30.7B | XXX | $30.7B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 5.2x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBIT | 8.1x | XXX | 8.6x | XXX | XXX | XXX |
| EV/Gross Profit | 3.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 11.6x | XXX | 12.7x | XXX | XXX | XXX |
| EV/FCF | 13.4x | XXX | 13.2x | 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.
Start Free TrialMichelin's last 12 month revenue growth is 2%
Michelin's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $39K for the same period.
Michelin's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Michelin's rule of X is 24% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Michelin and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | 19% | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 24% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $39K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 17% | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Kendrion | XXX | XXX | XXX | XXX | XXX | XXX |
| Cars Motorcycles | XXX | XXX | XXX | XXX | XXX | XXX |
| HGears | XXX | XXX | XXX | XXX | XXX | XXX |
| Thai Auto Tools and Die | 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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Start Free Trial| 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 129.8K+ 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, Cars Motorcycles, HGears. |
| What is the current market cap of Michelin? | Michelin's current market cap is $26.9B |
| What is the current revenue of Michelin? | Michelin's last 12 months revenue is $30.6B. |
| What is the current revenue growth of Michelin? | Michelin revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Michelin? | Current revenue multiple of Michelin is 1.0x. |
| Is Michelin profitable? | Yes, Michelin is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Michelin? | Michelin's last 12 months EBITDA is $5.8B. |
| What is Michelin's EBITDA margin? | Michelin's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Michelin? | Current EBITDA multiple of Michelin is 5.2x. |
| What is the current FCF of Michelin? | Michelin's last 12 months FCF is $2.3B. |
| What is Michelin's FCF margin? | Michelin's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Michelin? | Current FCF multiple of Michelin is 13.4x. |
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