Dacia vs Honda: Revenue, Profit and Business Model
A full-year revenue figure is unavailable here for Dacia. Honda had ~$146B of annual revenue in FY2026 and a net loss of ~$2.8B.
Latest financial snapshot
Financial summary
Dacia
Dacia does not publish a standalone income statement; its sales and margins are consolidated into Renault Group (Euronext Paris: RNO), which posted ~$65.4 billion (€57.9 billion) in 2025 revenue. What is public is volume: 676,340 vehicles in 2024 and 697,408 in 2025 (+3.1%), with a record 4% share of Europe's car and van market. Electrified models made up about one in four Dacia sales in 2025 as hybrid sales rose 122%. Renault Group management has repeatedly described Dacia as one of its most profitable brands, but no audited Dacia-only revenue or margin figure is published. Dacia does not have a standalone public valuation as it is a wholly owned, highly profitable subsidiary of the French automotive group Renault.
Honda
Honda's revenue rose from ~$97.5 billion (JPY 14.55 trillion) in FY2022 to ~$145 billion (JPY 21.69 trillion) in FY2025 as a weaker yen and strong US hybrid demand lifted results. FY2026 revenue edged up to $146 billion (JPY 21.80 trillion), but EV charges of ~$10.6 billion (JPY 1.58 trillion) produced a ~$2.78 billion (JPY 414.3 billion) operating loss and a ~$2.84 billion (JPY 423.9 billion) net loss. Without those charges, adjusted operating profit was ~$6.97 billion (JPY 1.04 trillion). In Q1 FY2027 (April to June 2026) operating profit hit a record ~$3.56 billion (JPY 530.7 billion) and net profit was ~$3.02 billion (JPY 450.9 billion), and Honda raised its FY2027 net profit forecast to ~$2.68 billion (JPY 400 billion). Honda Motor Co., Ltd. is a monumental Japanese public multinational conglomerate, renowned globally and commanding a market valuation typically exceeding $50 billion.
Revenue and profit by year
Dacia
A revenue figure is unavailable here for Dacia. What is known about its finances is in the summary above.
Honda
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | ~$146B | ~-$2.8B | -1.9% | +0.5% | Source |
| FY2025 | ~$145.3B | ~$5.6B | 3.9% | +6.2% | Source |
| FY2024 | ~$136.9B | ~$7.4B | 5.4% | +20.8% | Source |
| FY2023 | ~$113.3B | ~$4.4B | 3.9% | +16.2% | Source |
| FY2022 | ~$97.5B | ~$4.7B | 4.9% | +10.5% | Source |
| FY2021 | ~$88.2B | ~$4.4B | 5.0% | -11.8% | Source |
| FY2020 | ~$100B | ~$3.1B | 3.1% | -6.0% | Source |
| FY2019 | ~$106.5B | ~$4.1B | 3.8% | +3.4% | Source |
| FY2018 | ~$102.9B | ~$7.1B | 6.9% | +9.7% | Source |
| FY2017 | ~$93.8B | ~$4.1B | 4.4% | -4.1% | Source |
| FY2016 | ~$97.8B | ~$2.3B | 2.4% | — | Source |
Where the revenue comes from
Dacia
- Sandero & Sandero Stepway
~41% of 2025 units
289,295 sales in 2025; Europe's best-selling car across all channels.
- Duster
~28% of 2025 units
193,974 sales worldwide in 2025.
- Bigster
~10% of 2025 units
67,573 sales in its first full year.
- Spring EV
~5% of 2025 units
35,034 sales, up 53%.
- Jogger, Logan and other models
~16% of 2025 units
Remaining vehicle sales; parts, accessories and financing income are reported within Renault Group.
Honda
- Automobiles~65%
Passenger vehicles, hybrids, EVs, SUVs, parts, accessories, and related service revenue sold through global dealer networks.
- Motorcycles~17%
Motorcycles, scooters, parts, and related products sold globally, especially in Asia and other high-volume mobility markets.
- Financial Services~16%
Vehicle loans, leases, dealer financing, and related finance products that support automobile and motorcycle demand.
- Power Products and Other~2%
Power equipment, marine engines, aircraft-related activity, and other mobility-adjacent operations.
Business model and strategy
Dacia
How it makes money
Dacia makes money by selling a short list of affordable cars, mostly to private buyers in Europe, through Renault Group's dealer network. Its 'design-to-cost' method sets a target price first and engineers to it: models share Renault's CMF-B platform, engines and hybrid systems, option lists are kept short to reduce factory complexity, and features most buyers do not use are left out.
Growth strategy
Dacia's growth strategy has two tracks: move upmarket in size without moving upmarket in price, and electrify at a pace buyers can afford. The Bigster (launched in 2025) took Dacia into the C-SUV segment, and the Duster and Jogger gained Hybrid 140 and mild-hybrid versions. The Spring, built in China, became Europe's best-selling A-segment EV in 2025 with 35,034 sales.
Competitive advantage
Dacia's advantage is price backed by group scale. Because it reuses Renault Group platforms, engines and purchasing, it avoids most of the development cost that a standalone budget brand would carry, and it builds in lower-cost plants in Mioveni and Tangier.
Honda
How it makes money
Honda earns money in four reportable segments. Automobiles (Honda and Acura cars and light trucks, led by the CR-V, Civic, Accord and hybrid e:HEV models) generate most revenue, with North America the largest profit market. Motorcycles generate high-volume, high-margin sales, especially in India, Indonesia, Vietnam and Brazil, and posted record profit in FY2026.
Growth strategy
Honda reset its electrification plan in 2026. In March it cancelled the US-built Honda 0 SUV, 0 Saloon and Acura RSX EVs, and in May it scrapped its 2030 and 2040 EV sales targets, including the goal of selling only battery-electric and fuel-cell vehicles by 2040. The new plan leans on hybrids, a next-generation e:HEV system, motorcycles in emerging markets, and more flexible EV timing.
Competitive advantage
Honda's edge comes from three things. It leads the global motorcycle market with roughly 40% unit share, which gives it a profit base most automakers lack. Its two-motor hybrid system is competitive in the markets where hybrid demand is growing fastest, especially the US.
Questions about Dacia vs Honda
Which company has higher revenue — Automobile Dacia S.A. or Honda Motor Co., Ltd.?
Honda Motor Co., Ltd. had ~$146B (FY2026). A comparable annual revenue figure for Automobile Dacia S.A. was unavailable here.
What is the market cap of Automobile Dacia S.A. vs Honda Motor Co., Ltd.?
Honda Motor Co., Ltd. has a market capitalisation of $50.3B. A public market cap figure for Automobile Dacia S.A. was not available (it may be privately held).
How does revenue per employee compare for Automobile Dacia S.A. and Honda Motor Co., Ltd.?
Honda Motor Co., Ltd. generates $748k / employee in revenue per employee. A comparable figure for Automobile Dacia S.A. requires matching employee and revenue data from the same reporting period.
How do Automobile Dacia S.A. and Honda Motor Co., Ltd. make money?
Automobile Dacia S.A. and Honda Motor Co., Ltd. generate revenue in fundamentally different ways. Automobile Dacia S.A.: Dacia makes money by selling a short list of affordable cars, mostly to private buyers in Europe, through Renault Group's dealer network. Honda Motor Co., Ltd.: Honda earns money in four reportable segments.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Dacia vs Honda overview