COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN financials
COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN
Country: FR Reporting currency: EUR Latest annual report: 2025-12-31
LEI:
549300SOSI58J6VIW052 Financial statements
(EUR, as reported — unscaled; 93 line items across 2 annual periods)
| Line item | 2025 | 2024 |
|---|---|---|
| Income statement | ||
| Cost of sales | €18.97B | €19.45B |
| Gross profit | €7.02B | €7.75B |
| Operating profit (EBIT) | €2.37B | €2.63B |
| Profit before tax | €2.26B | €2.44B |
| Income tax expense | €594.0M | €555.0M |
| Profit for the year | €1.66B | €1.89B |
| — attributable to owners | €1.67B | €1.88B |
| — attributable to NCI | -€1.0M | €6.0M |
| Total comprehensive income | €964.0M | €1.96B |
| Per share | ||
| Basic EPS | €2.36 | €2.65 |
| Diluted EPS | €2.33 | €2.62 |
| Free cash flow / share | €2.52 | €2.89 |
| Cash flow statement | ||
| Net cash from operating activities | €3.82B | €4.34B |
| Income taxes paid | €593.0M | €806.0M |
| Net cash from investing activities | -€1.61B | -€2.11B |
| Net cash from financing activities | -€2.25B | -€794.0M |
| Dividends paid | €977.0M | €966.0M |
| Balance sheet | ||
| Total assets | €35.02B | €37.35B |
| Non-current assets | €20.75B | €22.01B |
| Property, plant & equipment | €12.12B | €12.75B |
| Right-of-use assets | €1.09B | €1.23B |
| Intangible assets & goodwill | €2.66B | €2.83B |
| Current assets | €14.27B | €15.34B |
| Inventories | €5.09B | €5.70B |
| Trade & other receivables | €3.46B | €3.60B |
| Cash & equivalents | €3.88B | €3.94B |
| Total equity | €18.08B | €18.63B |
| Non-controlling interests | €4.0M | €9.0M |
| Non-current liabilities | €9.44B | €10.01B |
| Long-term borrowings | €5.05B | €4.93B |
| Lease liabilities (non-current) | €726.0M | €872.0M |
| Current liabilities | €7.50B | €8.71B |
| Lease liabilities (current) | €257.0M | €258.0M |
| Deferred tax liabilities | €509.0M | €544.0M |
| Derived metrics | ||
| Free cash flow | €1.80B | €2.09B |
| Operating margin | 9.1% | 9.7% |
| Net margin | 6.4% | 7.0% |
| Return on equity | 9.2% | 10.1% |
| Cash conversion ratio | 2.30× | 2.29× |
| Capex coverage | 1.89× | 1.93× |
| Other reported items | ||
| Adjustments For Depreciation and Amortisation Expense | €1.94B | €1.98B |
| Adjustments For Income Tax Expense | €594.0M | €555.0M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | €109.0M | -€40.0M |
| Cancellation of Treasury Shares | €0 | €0 |
| Comprehensive Income Attributable To Noncontrolling Interests | -€1.0M | €6.0M |
| Comprehensive Income Attributable To Owners of Parent | €965.0M | €1.96B |
| Current Borrowings and Current Portion of Noncurrent Borrowings | €612.0M | €1.38B |
| Deferred Tax Assets | €971.0M | €1.08B |
| Dividends Paid To Equity Holders of Parent Classified As Financing Activities | €974.0M | €961.0M |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | €1.38 | — |
| Dividends Recognised As Distributions To Owners Per Share | €1.38 | — |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -€27.0M | -€10.0M |
| Equity and Liabilities | €35.02B | €37.35B |
| General and Administrative Expense | €2.27B | €2.29B |
| Income Tax Relating To Cash Flow Hedges of Other Comprehensive Income | -€1.0M | €1.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss | €32.0M | -€12.0M |
| Increase Decrease In Cash and Cash Equivalents | -€59.0M | €1.42B |
| Increase Decrease In Working Capital | -€273.0M | -€69.0M |
| Increase Decrease Through Sharebased Payment Transactions | €61.0M | €61.0M |
| Increase Decrease Through Transfers and Other Changes Equity | -€27.0M | €0 |
| Intangible Assets Other Than Goodwill | €1.94B | €2.12B |
| Interest Expense Defined Benefit Plans | €99.0M | €88.0M |
| Investment Accounted For Using Equity Method | €931.0M | €849.0M |
| Issue of Equity | €89.0M | €122.0M |
| Issued Capital | €344.0M | €353.0M |
| Noncurrent Provisions For Employee Benefits | €2.44B | €2.73B |
| Other Adjustments To Reconcile Profit Loss | €353.0M | €747.0M |
| Other Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | €9.0M | -€24.0M |
| Other Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | €0 | €0 |
| Other Comprehensive Income | -€700.0M | €72.0M |
| Other Comprehensive Income Before Tax Cash Flow Hedges | -€4.0M | -€6.0M |
| Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments | €8.0M | -€44.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | €202.0M | -€138.0M |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | -€884.0M | €273.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | -€878.0M | €242.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | €178.0M | -€170.0M |
| Other Current Financial Assets | €371.0M | €544.0M |
| Other Finance Income Cost | €35.0M | €19.0M |
| Other Inflows Outflows of Cash Classified As Financing Activities | -€38.0M | -€18.0M |
| Other Inflows Outflows of Cash Classified As Investing Activities | €217.0M | €103.0M |
| Payments To Acquire Or Redeem Entitys Shares | €668.0M | €502.0M |
| Proceeds From Disposals of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | €137.0M | €35.0M |
| Proceeds From Issuing Shares | €72.0M | €37.0M |
| Proceeds From Sales of Investments Other Than Investments Accounted For Using Equity Method | €3.0M | €12.0M |
| Purchase of Investments Other Than Investments Accounted For Using Equity Method | €14.0M | €9.0M |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | €2.02B | €2.25B |
| Purchase of Treasury Shares | €668.0M | €502.0M |
| Research and Development Expense | €788.0M | €786.0M |
| Revenue From Contracts With Customers | €25.99B | €27.19B |
| Sale Or Issue of Treasury Shares | €0 | €0 |
| Sales and Marketing Expense | €1.18B | €1.20B |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | €109.0M | -€40.0M |
| Share Premium | €1.75B | €2.33B |
Methodology
Every line item above is a fact tagged in COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.