Compagnie Générale des Établissements Michelin SCA

Michelin is a French multinational company headquartered in Clermont-Ferrand, France, primarily known as a leading tire manufacturer. Founded in 1889, its core business revolves around enhancing mobility for its customers. The company's mission is to "offer everyone a better way forward" by delivering safe, sustainable mobility solutions that improve transport performance while reducing environmental footprint.

Beyond its extensive range of tires for passenger cars, trucks, two-wheelers, aircraft, mining, agriculture, and other specialized vehicles, Michelin also owns several other tire brands, including BFGoodrich and Kleber. The company extends its offerings to mobility-related services, such as digital solutions, connected fleet management, and high-tech materials for various industries. Additionally, Michelin is renowned for its iconic travel guides, including the MICHELIN Guide, and roadmaps, which contribute to enriching travel experiences.

Led by Managing Chairman and CEO Florent Menegaux, Michelin maintains its position as one of the world's largest tire manufacturers. In the first quarter of 2026, the company reported a 5.4% decline in revenue on a reported basis, though it remained stable at constant exchange rates, with tire sales volumes seeing a modest decline of 1.4%. This follows a challenging 2025, where sales fell 4.4% to €26 billion and net income decreased by 12% to €1.7 billion, largely due to weaker volumes in original equipment markets, particularly in North America. Despite these market conditions, Michelin continues to innovate, launching new products like the Michelin XHA3 earthmover tire and expanding its connected fleet solutions in early 2026.