Michelin (ML) | Financial Analysis & Statements

Michelin | Large-cap

€31.47

-0.73%

Michelin vs France Government Michelin vs Crédit Agricole S.A Michelin vs Crédit Agricole S.A Michelin vs Credit Agricole S.A Michelin vs Credit Agricole S.A Michelin vs CAC 40 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 27.2B

Gross Profit 7.7B 28.49%

Operating Income 3.2B 11.72%

Net Income 1.9B 6.95%

EPS (Diluted) €2.62

Balance Sheet Metrics

Total Assets 37.4B

Total Liabilities 18.7B

Shareholders Equity 18.6B

Debt to Equity 1.00

Cash Flow Metrics

Operating Cash Flow 2.4B

Free Cash Flow 2.1B

Revenue & Profitability Trend

Interactive Financial Charts Not Available

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Michelin Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	27.2B	28.3B	28.6B	23.8B	20.5B
Cost of Goods Sold	19.4B	20.4B	21.1B	16.8B	14.8B
Gross Profit	7.7B	7.9B	7.5B	7.0B	5.7B
Operating Expenses	4.4B	4.4B	4.3B	4.0B	3.8B
Operating Income	3.2B	3.4B	3.1B	3.0B	1.7B
Pre-tax Income	2.4B	2.5B	2.7B	2.5B	979.0M
Income Tax	555.0M	507.0M	647.0M	626.0M	354.0M
Net Income	1.9B	2.0B	2.0B	1.8B	625.0M
EPS (Diluted)	€2.62	€2.75	€2.79	€2.56	€0.88

Income Statement Trend

Michelin Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	15.3B	13.7B	15.1B	14.9B	13.1B
Non-Current Assets	22.0B	21.5B	20.3B	19.6B	18.6B
Total Assets	37.4B	35.2B	35.3B	34.5B	31.6B
Liabilities
Current Liabilities	8.7B	7.7B	9.0B	8.9B	7.1B
Non-Current Liabilities	10.0B	9.5B	9.2B	10.7B	11.9B
Total Liabilities	18.7B	17.2B	18.2B	19.6B	19.0B
Equity
Total Shareholders Equity	18.6B	18.0B	17.1B	15.0B	12.6B

Balance Sheet Composition

Michelin Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	1.9B	2.0B	2.0B	1.8B	625.0M
Operating Cash Flow	2.4B	4.1B	478.0M	591.0M	1.7B
Investing Activities
Capital Expenditures	-1.9B	-2.0B	-1.9B	-1.5B	-1.0B
Investing Cash Flow	-1.8B	-2.7B	-1.8B	-1.6B	-1.3B
Financing Activities
Dividends Paid	-961.0M	-893.0M	-803.0M	-410.0M	-357.0M
Financing Cash Flow	-524.0M	-2.1B	-1.6B	-1.2B	1.6B
Free Cash Flow	2.1B	3.0B	-116.0M	1.2B	2.1B

Cash Flow Trend

Michelin Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 3.05

Forward P/E 8.97

Price to Sales 0.82

PEG Ratio 8.97

Profitability Ratios

Profit Margin 28.49%

Operating Margin 10.08%

Return on Equity 10.10%

Return on Assets 5.04%

Financial Health

Current Ratio 1.76

Debt to Equity 0.40

Per Share Data

EPS (TTM) €2.62

Revenue per Share €38.18

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
ml	22.3B	3.05	-	10.10%	28.49%	0.40
Crédit Agricole S.A	516.5B	0.87	0.16	23.53%	51.63%	0.00
Crédit Agricole S.A	285.0B	89.23	-	0.00%	0.00%	-
Credit Agricole S.A	284.7B	89.15	-	0.00%	0.00%	-
Credit Agricole S.A	285.3B	89.31	-	0.00%	0.00%	-

Financial data is updated regularly. All figures are in the company's reporting currency.