Michelin
Tires and polymer composites · France
Michelin makes tires for cars, trucks, aircraft, mines and farms, and is growing in polymer composites such as seals, conveyor belts and coated fabrics, while also running the MICHELIN Guide.
What makes it different
It also makes conveyor belts, seals and coated fabrics.
€1.2BPolymer Composite Solutions salesFY2025
Polymer Composite Solutions, grown through acquisitions such as Fenner, Cooley and Flexitallic, is a business line beyond tires.
How big it is
How big is Michelin?
€26.0BRevenueFY2025
115,800Employees2025
75Tire plantsFY2025
How it makes money FY2025
Mostly consumer tires.
- Consumer55%€14.3B
- Transportation23%€6.0B
- Specialties17%€4.4B
- Polymer Composite Solutions5%€1.2B
How the business works
Premium tires, replacement sales, composites beyond.
- 1Premium tires on new vehicles
- 2MICHELIN brand in replacement
- 3Composites beyond tires
Replacement sales of the MICHELIN brand and composite products reduce the dependence on carmakers' orders.
Who owns it
- Non-resident institutional investors68.9%
- French institutional investors16.5%
- Individual shareholders10.3%
CEO: Florent Menegaux
Who it competes with
Key moments
- 1889Michelin & Cie created
- 1891First detachable bicycle tire
- 1898Bibendum, the Michelin Man
- 1900First MICHELIN Guide
- 1946Radial tire patented
Sources
Every number on this page comes from Michelin's own reports.
Full profile
The rest of the story is in the app.
What Michelin tracks28 metrics
Employee engagement rate
Work injuries per 500 full-time workers
Partner Net Promoter Score
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
Where the money comes from3 regions
Europe
North America
Other regions
The full timeline17 moments
1965
2000
2026
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