Compagnie Générale des Établissements Michelin Société en commandite par actions (FRA:MCHA)

FRA:MCHA Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	26,740	27,193	28,343	28,590	23,795	20,469
Revenue Growth (YoY)	-3.62%	-4.06%	-0.86%	20.15%	16.25%	-15.19%
Cost of Revenue	19,359	19,445	20,395	21,052	16,810	14,754
Gross Profit	7,381	7,748	7,948	7,538	6,985	5,715
Selling, General & Admin	3,542	3,582	3,640	3,463	3,311	3,120
Research & Development	797	786	756	698	682	646
Other Operating Expenses	185	179	184	99	20	131
Operating Expenses	4,626	4,649	4,610	4,301	4,034	3,928
Operating Income	2,755	3,099	3,338	3,237	2,951	1,787
Interest Expense	-243	-210	-293	-303	-204	-230
Interest & Investment Income	124	141	130	12	-	-
Earnings From Equity Investments	43	-40	128	-59	-69	-112
Currency Exchange Gain (Loss)	-10	-37	-87	-59	-13	-
Other Non Operating Income (Expenses)	26	48	54	89	21	-26
EBT Excluding Unusual Items	2,695	3,001	3,270	2,917	2,686	1,419
Merger & Restructuring Charges	-474	-463	-690	-86	-86	-59
Impairment of Goodwill	-	-	-	-	-14	-33
Gain (Loss) on Sale of Assets	-	-	-54	-	114	-
Asset Writedown	-114	-93	-36	-36	-102	-
Other Unusual Items	-	-	-	-139	-127	-348
Pretax Income	2,107	2,445	2,490	2,656	2,471	979
Income Tax Expense	540	555	507	647	626	354
Earnings From Continuing Operations	1,567	1,890	1,983	2,009	1,845	625
Minority Interest in Earnings	-6	-6	-	-8	-1	7
Net Income	1,561	1,884	1,983	2,001	1,844	632
Preferred Dividends & Other Adjustments	3	3	3	2	5	4
Net Income to Common	1,558	1,881	1,980	1,999	1,839	628
Net Income Growth	-18.78%	-4.99%	-0.90%	8.51%	191.77%	-63.91%
Shares Outstanding (Basic)	706	710	714	712	713	713
Shares Outstanding (Diluted)	714	717	720	717	718	717
Shares Change (YoY)	-0.90%	-0.37%	0.33%	-0.15%	0.23%	-0.55%
EPS (Basic)	2.21	2.65	2.77	2.81	2.58	0.88
EPS (Diluted)	2.19	2.62	2.75	2.79	2.56	0.88
EPS Growth	-17.80%	-4.73%	-1.43%	8.98%	191.74%	-63.67%
Free Cash Flow	1,508	2,432	3,283	12	1,412	2,171
Free Cash Flow Per Share	2.11	3.39	4.56	0.02	1.97	3.03
Dividend Per Share	1.380	1.380	1.350	1.250	1.125	0.575
Dividend Growth	2.22%	2.22%	8.00%	11.11%	95.65%	15.00%
Gross Margin	27.60%	28.49%	28.04%	26.37%	29.35%	27.92%
Operating Margin	10.30%	11.40%	11.78%	11.32%	12.40%	8.73%
Profit Margin	5.83%	6.92%	6.99%	6.99%	7.73%	3.07%
Free Cash Flow Margin	5.64%	8.94%	11.58%	0.04%	5.93%	10.61%
EBITDA	4,596	4,932	5,098	4,941	4,528	3,398
EBITDA Margin	17.19%	18.14%	17.99%	17.28%	19.03%	16.60%
D&A For EBITDA	1,841	1,833	1,760	1,704	1,577	1,611
EBIT	2,755	3,099	3,338	3,237	2,951	1,787
EBIT Margin	10.30%	11.40%	11.78%	11.32%	12.40%	8.73%
Effective Tax Rate	25.63%	22.70%	20.36%	24.36%	25.33%	36.16%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.