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/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
Employee Ratings3.8
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)121,300(+10%)
Revenue (FY, 2019)€24.1 B(+10%)
Share Price (Jan 2021)€107.6 (-1%)
Cybersecurity ratingAMore

Key People/Management at Michelin

Florent Menegaux

Florent Menegaux

President of the Michelin Group and President of the Executive Board of the Michelin Corporate Foundation
Philippe Legrez

Philippe Legrez

Executive Director
Yves Chapot

Yves Chapot

Managing Partner
Jean-Michel Guillon

Jean-Michel Guillon

Chief Innovation Officer
Terry K. Gettys

Terry K. Gettys

R&D Director
Adeline Challon-Kemoun

Adeline Challon-Kemoun

Executive Vice President, Brands and External Relations, Member of the Group Executive Committee
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Michelin Office Locations

Michelin has offices in Clermont-Ferrand, Greenville, Port Melbourne, Laval and in 18 other locations
Clermont-Ferrand, FR (HQ)
23 Place des Carmes Dechaux
Port Melbourne, AU
51 - 57 Fennell Street
Laval, CA
2500 Daniel-Johnson, Suite 500, Laval
Torre, CO
Carrera 45 # 108-27 - Torre 1 - Oficina 1001
Karlsruhe, DE
4 Michelinstraße
Budapest, HU
Váci út 140
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Michelin Financials and Metrics

Michelin Revenue

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Michelin's revenue was reported to be €24.14 b in FY, 2019 which is a 9.6% increase from the previous period.
EUR

Revenue (H1, 2020)

9.4b

Gross profit (H1, 2020)

2.3b

Gross profit margin (H1, 2020), %

24.3%

Net income (H1, 2020)

(137.0m)

EBIT (H1, 2020)

177.0m

Market capitalization (19-Jan-2021)

19.2b

Closing stock price (19-Jan-2021)

107.6

Cash (30-Jun-2020)

2.8b

EV

25.2b
Michelin's current market capitalization is €19.2 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

22.0b22.0b24.1b

Revenue growth, %

0%10%

Cost of goods sold

14.8b14.9b17.1b

Gross profit

7.1b7.1b7.1b
Half Year
EURH1, 2018H1, 2019H1, 2020

Revenue

10.6b11.8b9.4b

Cost of goods sold

7.1b8.3b7.1b

Gross profit

3.5b3.5b2.3b

Gross profit Margin, %

33%30%24%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

1.7b2.1b1.5b

Accounts Receivable

3.1b3.3b3.5b

Inventories

4.5b4.4b4.7b

Current Assets

10.8b11.2b11.1b
Half Year
EURH1, 2018H1, 2019H1, 2020

Cash

1021.0t1.4b2.8b

Accounts Receivable

3658.0t3.8b2.8b

Inventories

4633.0t5.1b4.3b

Current Assets

10694.0t12.1b11.5b
Annual
EURFY, 2017FY, 2018FY, 2019

Net Income

1.7b1.7b1.7b

Depreciation and Amortization

1.3b1.3b1.8b

Inventories

(311.0m)4.0m147.0m

Accounts Payable

404.0m(124.0m)(135.0m)
Half Year
EURH1, 2018H1, 2019H1, 2020

Net Income

917.0m844.0m(137.0m)

Depreciation and Amortization

658.0m858.0m882.0m

Inventories

(175.0m)(283.0m)304.0m

Accounts Payable

(96.0m)176.0m(840.0m)
EURFY, 2017

EV/EBIT

8.9 x

EV/CFO

8.6 x

Revenue/Employee

203.7k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.2 x

P/E Ratio

13.4
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Michelin Operating Metrics

FY, 2017FY, 2018FY, 2019

Countries (Facilities)

17 25 26

Product Lines

8

Production Facilities

70 67 117

Suppliers

52 k52 k50 k
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Michelin Acquisitions / Subsidiaries

Company NameDateDeal Size
NexTraqSeptember 02, 2020
MasternautMay 22, 2019$480 m
MultistradaMarch 06, 2019
CamsoDecember 18, 2018€1.17 b
Lehigh TechnologiesJuly 13, 2018
FennerMay 31, 2018
SascarJune 09, 2014€91 m
Camso Inc.
Camso International S.à r.l.
Camso Vietnam Co., Ltd
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Michelin Revenue Breakdown

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Michelin revenue breakdown by business segment: 49.1% from Automotive & related distribution, 24.2% from Specialty businesses & related distribution and 26.7% from Road transportation & related distribution

Michelin revenue breakdown by geographic segment: 36.9% from North America, 36.7% from Europe and 26.5% from Other

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Michelin Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

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+

    86/100

  • CEO Rating

    A+

    89/100

  • Compensation

    A+

    92/100

Learn more on Comparably

Michelin News and Updates

Michelin to Cut 2,300 Jobs in France in Shift to New Materials

Michelin to Cut 2,300 Jobs in France in Shift to New Materials

Automatic Tire Inflation System Market to 2025 - Aperia Technologies, Continental AG, DANA Limited, Haltec Corporation, Hendrickson USA, Meritor, Michelin, PressureGuard, Stemco Products Inc., Tire Pressure Control

Automatic Tire Inflation System Market to 2025 - Global Analysis and Forecasts by Vehicle Type (Utility Vehicles, Tractors, and Heavy Duty Vehicles); & Distribution Channel (OEM, and Aftermarket) Posted via Industry Today. Follow us on Twitter @IndustryToday

Analysis of Key Players in the South East Asia Rubber Market: Bridgestone, Michelin, Goodyear, Continental, Sumitomo Rubber Industries, Thai Rubber Latex (Thaitex) and Fenner

DUBLIN, Nov. 19, 2020 /PRNewswire/ -- The "Assessment of the South East Asia Rubber Market 2019" report has been added to ResearchAndMarkets.com's offering. The rubber industry includes natural rubber which is obtained from the latex of various plants and synthetic rubber which is a...

MVT Solutions Produces New Michelin Tire Test Report

MICHELIN® X One® tires prove to be more fuel efficient than a leading competitor's wide base single tire

Burger King launched a petition to get a Michelin star for its new burger

Summary List PlacementBurger King Belgium thinks that its new Master Angus burger deserves a Michelin star – and has launched a Change.org petition to get one. "We know very well that 'Burger King' and 'Michelin star restaurant' don't mix," Burger King Belgium CEO Kevin Derycke wrote on the petitio…

Acura barre en el Michelin Raceway Road Atlanta

BRASELTON, Georgia, 7 de septiembre de 2020 /PRNewswire-HISPANIC PR WIRE/ -- Acura barrió hoy en el TireRack.com Grand Prix de seis horas en Michelin Raceway Road Atlanta, cuando Helio Castroneves y Ricky Taylor pilotaron su prototipo Acura ARX-05 para ganar los honores generales,...
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Michelin Blogs

Air France chooses Michelin as its exclusive tire supplier

Air France and Michelin are extending their historic partnership to develop services and solutions for a more sustainable aviation industry L’article Air France chooses Michelin as its exclusive tire supplier est apparu en premier sur Michelin.

MICHELIN GUIDES: Sustainable gastronomy takes the spotlight

Michelin's "All Sustainable" strategy is also playing out through sustainable gastronomy. Launched only a year ago, MICHELIN's Green Star is already featuring in a number of the MICHELIN Guide's international editions. L’article MICHELIN GUIDES: Sustainable gastronomy takes the spotlight est appar…

Michelin launches a simplification and competitiveness project to support the evolution of its activities in France

Michelin is going to launch a reinforced simplification and competitiveness plan to significantly improve the agility and overall performance of its manufacturing and corporate and administrative operations in France. The plan is part of a broad co-construction and social dialogue approach and will…

MICHELIN Guide France will present its new selection live from the Eiffel Tower

The MICHELIN Guide keeps its annual date with fine food lovers everywhere; ceremony details to be confirmed based on the health situation L’article MICHELIN Guide France will present its new selection live from the Eiffel Tower est apparu en premier sur Michelin.

The MICHELIN Guide drops its luggage in Moscow

The MICHELIN Guide has announced its arrival in Moscow and will unveil its first selection in 2021. The Guide's inspectors have been impressed by the variety of Russia's culinary heritage and the commitment of its chefs to offering authentic cuisine built around exceptional local products. L’articl…

Michelin, a contributor to the United Nations Road Safety Fund

Michelin supports the United Nations Road Safety Fund (UNRSF*), created in 2018. In the newsletter published today by the UNRSF, Florent Menegaux discusses the challenges of safer mobility around the world. L’article Michelin, a contributor to the United Nations Road Safety Fund est apparu en premi…
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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, Philippe Legrez and Yves Chapot.

  • How many employees does Michelin have?

    Michelin has 121,300 employees.

  • What is Michelin revenue?

    Latest Michelin annual revenue is €24.1 b.

  • What is Michelin revenue per employee?

    Latest Michelin revenue per employee is €199 k.

  • Who are Michelin competitors?

    Competitors of Michelin include Dorman Products, Goodyear and Bridgestone.

  • Where is Michelin headquarters?

    Michelin headquarters is located at 23 Place des Carmes Dechaux, Clermont-Ferrand.

  • Where are Michelin offices?

    Michelin has offices in Clermont-Ferrand, Greenville, Port Melbourne, Laval and in 18 other locations.

  • How many offices does Michelin have?

    Michelin has 22 offices.