OverviewSuggest Edit

Michelin is a company manufacturing, distributing, and selling tires. It offers tires and services for different types of vehicles, including airplanes, automobiles, bicycles and motorcycles, earthmovers, farm equipment, and trucks. The company also provides digital mobility support services and publishes travel guides, hotel and restaurant guides, maps, and road atlases.
TypePublic
Founded1889
HQClermont-Ferrand, FR
Websitemichelin.com
Overall CultureA

Latest Updates

Employees (est.) (Dec 2021)118,414
Job Openings1,095
Revenue (FY, 2021)€23.8 B(+17%)
Share Price (May 2022)€116.3
Cybersecurity ratingAMore
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Key People/Management at Michelin

Florent Menegaux

Florent Menegaux

CEO, Michelin & President of Michelin Corporate Foundation
Yves Chapot

Yves Chapot

Partner & Chief Financial Officer
Terry K. Gettys

Terry K. Gettys

Senior Vice President - Director of R&D Programs
Adeline Challon-Kemoun

Adeline Challon-Kemoun

EVP, Engagement & Brands, Group Executive Committee Member
Jean-Christophe Guérin

Jean-Christophe Guérin

Executive Vice President, Manufacturing - Member of the Group Executive Committee
Serge Lafon

Serge Lafon

Executive Vice President, Specialties and Africa/India/Middle East, China, East Asia & Australia Regions - Member of the Group Executive Committee
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Michelin Office Locations

Michelin has offices in Clermont-Ferrand, Greenville, Buenos Aires, Port Melbourne and in 55 other locations
Clermont-Ferrand, FR (HQ)
Pl. des Carmes Dechaux
Buenos Aires, AR
Lascano 5136
Port Melbourne, AU
51 - 57 Fennell Street
Wien, AT
Schönbrunner Str. 222/7th floor
Asse, BE
Brusselsesteenweg 494
Charleroi, BE
Rue Louis Blériot 24
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Michelin Financials and Metrics

Michelin Revenue

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Michelin's revenue was reported to be €23.8 b in FY, 2021 which is a 16.2% increase from the previous period.
EUR

Revenue (FY, 2021)

23.8b

Revenue growth (FY, 2020 - FY, 2021), %

16.2%

Gross profit (FY, 2021)

7.0b

Gross profit margin (FY, 2021), %

29.4%

Net income (FY, 2021)

1.8b

EBIT (FY, 2021)

2.8b

Market capitalization (20-May-2022)

20.8b

Closing stock price (20-May-2022)

116.3

Cash (31-Dec-2021)

4.5b

EV

24.3b
Michelin's current market capitalization is €20.8 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

24.1b20.5b23.8b

Revenue growth, %

10%(15%)16%

Cost of goods sold

17.1b14.8b16.8b

Gross profit

7.1b5.7b7.0b
Half Year
EURH1, 2019H1, 2020H1, 2021

Revenue

11.8b9.4b11.2b

Cost of goods sold

(7.4b)(7.1b)(7.8b)

Gross profit

4.4b2.3b3.5b

R&D expense

(333.0m)(311.0m)(328.0m)
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

1.5b4.7b4.5b

Accounts Receivable

3.5b3.0b3.6b

Inventories

4.7b4.0b5.3b

Current Assets

11.1b13.1b15.1b
Half Year
USDH1, 2019H1, 2020H1, 2021

Cash

1.4b2.8b3.8b

Accounts Receivable

3.8b2.8b3.5b

Inventories

5.1b4.3b4.7b

Current Assets

12.1b11.5b13.5b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

1.7b625.0m1.8b

Depreciation and Amortization

1.8b1.8b1.7b

Inventories

147.0m552.0m(1.1b)

Accounts Payable

(135.0m)(19.0m)527.0m
Half Year
EURH1, 2019H1, 2020H1, 2021

Net Income

842.0m(137.0m)1.0b

Depreciation and Amortization

858.0m882.0m856.0m

Inventories

(283.0m)304.0m(629.0m)

Accounts Payable

164.0m(840.0m)186.0m
EURH1, 2019

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.6 x
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Michelin Operating Metrics

FY, 2019FY, 2020FY, 2021

Countries (Facilities)

262626

Production Facilities

117117123

R&D Facilities

999

Suppliers

50 k50 k50 k
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Michelin Acquisitions / Subsidiaries

Company NameDateDeal Size
Allopneus SASAugust 25, 2021
NexTraqSeptember 02, 2020
Tablet Inc.November 19, 2019
MasternautMay 22, 2019$480 m
MultistradaMarch 06, 2019
PT Multistrada Arah SaranaJanuary 22, 2019
CalSolarDecember 18, 2018€1.17 b
Lehigh TechnologiesJuly 13, 2018
FennerMay 31, 2018
Tructyre Fleet ManagementJanuary 15, 2018
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Michelin Revenue Breakdown

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Michelin revenue breakdown by business segment: 49.4% from Automotive & related distribution, 26.2% from Road transportation & related distribution and 24.4% from Specialty businesses & related distribution

Michelin revenue breakdown by geographic segment: 37.3% from Europe, 34.7% from North America and 28.0% from Other

Human Capital Metrics

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Michelin Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Michelin Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Michelin Online and Social Media Presence

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Michelin Company Culture

  • Overall Culture

    A

    77/100

  • CEO Rating

    A+

    79/100

  • Compensation

    B

    71/100

  • Diversity

    B

    72/100

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Michelin News and Updates

2022 Annual General Meeting – Press release

The Michelin Group's Annual Meeting was held today in Clermont-Ferrand under the chairmanship of Florent Menegaux, Managing Chairman.

Guide MICHELIN 2022 – Toronto

The MICHELIN Guide makes reservations in Toronto.

MICHELIN Guide 2022 – Washington DC

Inspectors add four new One MICHELIN Star eateries in Washington

MICHELIN CrossClimate 2 SUV, The expert in 4-season tires for SUVs

The leader in terms of longevity, with no comprise on safety1: performances made to last right up to the legal wear limit

Michelin becomes first tyre maker in India to get BEE accreditation

French tyre major Michelin on Wednesday said it has become the first tyre brand in India to be accredited with the recently introduced star labelling programme which is aimed at improving sustainability and newly introduced performance standards for tyres.
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Michelin Blogs

How is Michelin integrating the challenges of biodiversity in order to sustainably practice its activities?

Businesses have a major role to play in reducing their impacts on biodiversity, and also in restoring and promoting biodiversity and ecosystems. Driven by this belief, Michelin is acting and innovating for biodiversity. L’article How is Michelin integrating the challenges of biodiversity in order t…

MICHELIN Guide 2022 – Nara Prefecture of Japan

After Tokyo, Kyoto and Osaka, Nara Prefecture is the latest Japanese destination to join the international MICHELIN Guides collection A total of 101 restaurants, including 4 two Star restaurants, 18 one Star restaurants and 22 Bib Gourmand restaurants, are recommended by the MICHELIN Guide inspecto…

MICHELIN Guide 2022 – Washington DC

Inspectors add four new One MICHELIN Star eateries in Washington L’article MICHELIN Guide 2022 – Washington DC est apparu en premier sur Michelin.

MICHELIN CrossClimate 2 SUV, The expert in 4-season tires for SUVs

The leader in terms of longevity, with no comprise on safety1: performances made to last right up to the legal wear limit L’article MICHELIN CrossClimate 2 SUV, The expert in 4-season tires for SUVs est apparu en premier sur Michelin.

Financial information at March 31, 2022

In a challenging business environment, sales stood at €6.5 billion in the first three months of 2022, a rise of 19% During the first three months of the year, existing operational disruptions and inflationary pressures were exacerbated by the conflict in Ukraine and the resurgence of Covid-19 in Ch…

Sustainable materials in tires: MotoE™ sets the tone!

“By 2050, Michelin will integrate 100% sustainable materials in its tires”. A realistic ambition? Already mass produced, the MotoE™ tires are leading the way. Cracking the code. L’article Sustainable materials in tires: MotoE™ sets the tone! est apparu en premier sur Michelin.
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Michelin Frequently Asked Questions

  • When was Michelin founded?

    Michelin was founded in 1889.

  • Who are Michelin key executives?

    Michelin's key executives are Florent Menegaux, Yves Chapot and Terry K. Gettys.

  • How many employees does Michelin have?

    Michelin has 118,414 employees.

  • What is Michelin revenue?

    Latest Michelin annual revenue is €23.8 b.

  • What is Michelin revenue per employee?

    Latest Michelin revenue per employee is €200.9 k.

  • Who are Michelin competitors?

    Competitors of Michelin include Motherson Sumi, Dorman Products and Continental.

  • Where is Michelin headquarters?

    Michelin headquarters is located at Pl. des Carmes Dechaux, Clermont-Ferrand.

  • Where are Michelin offices?

    Michelin has offices in Clermont-Ferrand, Greenville, Buenos Aires, Port Melbourne and in 55 other locations.

  • How many offices does Michelin have?

    Michelin has 60 offices.