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Michelin's gross profit for the
six
months ended in Dec. 2025 was MXN70,610 Mil. Michelin's gross profit for the trailing twelve months (TTM) ended in Dec. 2025 was MXN150,314 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Michelin's gross profit for the
six
months ended in Dec. 2025 was MXN70,610 Mil. Michelin's Revenue for the
six
months ended in Dec. 2025 was MXN273,332 Mil. Therefore, Michelin's Gross Margin % for the quarter that ended in Dec. 2025 was 25.83%.
Michelin had a gross margin of 25.83% for the quarter that ended in Dec. 2025 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Michelin was 33.95%. The lowest was 26.37%. And the median was 28.92%.
Michelin (MEX:ML) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Michelin had a gross margin of 25.83% for the quarter that ended in Dec. 2025 => Competition eroding margins
Michelin Gross Profit Related Terms
Michelin Gross Profit Historical Data
* Premium members only.
The historical data trend for Michelin's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Auto Parts subindustry, Michelin's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Michelin Gross Profit vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Michelin's Gross Profit distribution charts can be found below:
* The bar in red indicates where Michelin's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was MXN150,314 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Michelin (MEX:ML) has a Gross Profit of MXN150,314 Mil as of Dec. 2025. Gross Profit equals net sales less total cost of goods sold. View historical data on Michelin and its competitors.
Is Michelin's Gross Profit too high?
Michelin's current Gross Profit is MXN150,314 Mil. Overall, Michelin has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Michelin's Gross Profit compare to ORLY and AZO?
Michelin's Gross Profit of MXN150,314 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Vehicles & Parts company?
A good Gross Profit depends on the Vehicles & Parts industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Michelin and its competitors. Michelin's current Gross Profit is MXN150,314 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Michelin stock overvalued right now?
Michelin (MEX:ML) has a current Gross Profit of MXN150,314 Mil. The stock's GF Value™ is MXN641.52, compared to a current price of MXN733.29 — trading 14.3% above its estimated fair value. The current Gross Profit is MXN150,314 Mil. Michelin's overall GF Score™ is 85/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Michelin (MEX:ML), the current Gross Profit is MXN150,314 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Michelin (MEX:ML) Overvalued in 2026?
Based on GuruFocus' analysis, Michelin stock appears to be overvalued.
The current stock price of MXN733.29 is trading 14.3% above its estimated GF Value™ of MXN641.52.
Key valuation signals for MEX:ML:
Gross Profit: MXN150,314 Mil
GF Value™: MXN641.52 vs. price of MXN733.29 (14.3% above fair value)
No single metric tells the full story. See the MEX:ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and two-wheel; Road transportation; and Specialty businesses. The company generates maximum revenue from Automotive segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the majority part in the Road transportation and related distribution segment.
85GF Score
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Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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