FANUC vs Siemens: Revenue, Profit and Business Model
FANUC reported ~$5.7B of revenue in FY2025 and ~$1.1B of net income. Siemens reported ~$89.2B of revenue in FY2026 and ~$11.7B of net income.
Latest financial snapshot
Financial summary
FANUC
FANUC is consistently profitable for a capital-equipment maker. In FY2025 (ended March 2026) it earned ~$1.23 billion (¥183.8 billion) of operating income on ~$5.75 billion (¥857.8 billion) of sales, a margin of about 21%, and ordinary income of ~$1.52 billion (¥227.5 billion), helped by interest and investment income on its large cash holdings. The April 2026 plan called for FY2026 sales of ~$6.09 billion (¥909.6 billion) and operating income of ~$1.42 billion (¥212.2 billion); after Q1 sales of ~$1.55 billion (¥231.0 billion) and operating income of ~$358 million (¥53.5 billion) (about a 23% margin), FANUC raised sales guidance by 4.2% and operating-profit guidance by 2.7%.
Siemens
Revenue grew from ~$70.4B (EUR62.3B) in FY2021 to ~$89.2B (EUR78.9B) in FY2025, and net income reached a record ~$11.8B (EUR10.4B) in FY2025, the third straight annual high. FY2026 started with stable reported revenue (Q2: ~$22.4B (EUR19.8B), hit by currency effects) but strong orders, then a record Q3 with ~$23.5B (EUR20.8B) revenue, ~$3.95B (EUR3.5B) industrial profit, a 17.3% industrial business margin and ~$4.63B (EUR4.1B) free cash flow. Nine-month net income was ~$7.91B (EUR7.0B), down year over year only because FY2025 included gains from the Innomotics sale.
Revenue and profit by year
FANUC
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$5.7B | ~$1.1B | 19.4% | +7.6% | Source |
| FY2024 | ~$5.3B | ~$988.6M | 18.5% | +0.2% | Source |
| FY2023 | ~$5.3B | ~$892.2M | 16.7% | -6.7% | Source |
| FY2022 | ~$5.7B | ~$1.1B | 20.0% | +16.2% | Source |
| FY2021 | ~$4.9B | ~$1B | 21.2% | — | Source |
Siemens
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | ~$89.2B | ~$11.7B | 13.2% | +0.0% | |
| FY2025 | ~$89.2B | ~$10.9B | 12.2% | +3.9% | Source |
| FY2024 | ~$85.8B | ~$9.4B | 10.9% | +1.4% | Source |
| FY2023 | ~$84.6B | ~$9B | 10.6% | +4.0% | Source |
| FY2022 | ~$81.3B | ~$4.2B | 5.2% | +15.6% | Source |
| FY2021 | ~$70.4B | ~$7B | 9.9% | — | Source |
Where the revenue comes from
FANUC
- FA and CNC Systems
Major product pillar
Sales of CNC controls, servo systems, and factory automation components to machine-tool builders and industrial customers.
- Robotics
Major product pillar
Industrial robot hardware, controllers, software, and integration support for manufacturing and logistics applications.
- Robomachines
Cyclical product pillar
ROBODRILL, ROBOSHOT, and ROBOCUT products used for machining, injection molding, and precision wire EDM.
- Service, Parts, and Software
Recurring support stream
Lifecycle service, spare parts, training, and factory connectivity tied to FANUC's installed base.
Siemens
- Digital Industries~23%
Factory automation, drives, controls, PLM, simulation and manufacturing software.
- Smart Infrastructure~29%
Electrical distribution, building automation, data-center infrastructure and digital services.
- Mobility~16%
Rolling stock, rail automation, signaling and long-term service.
- Siemens Healthineers~30%
Medical imaging, diagnostics, advanced therapies and oncology exposure.
- Financial Services
Small but strategic
Financing products that support industrial customers and Siemens projects.
Business model and strategy
FANUC
How it makes money
FANUC makes money by selling factory automation hardware and then supporting it for decades. Revenue comes from three product groups plus service: FA (CNC controls, servo motors, amplifiers, and lasers sold mainly to machine-tool builders), Robot (industrial robots and CRX collaborative robots sold to automakers, electronics makers, logistics firms, and integrators), and Robomachine (ROBODRILL machining centers, ROBO…
Growth strategy
FANUC's growth plan pushes automation into general industry such as food, logistics, and pharmaceuticals using CRX collaborative robots that are programmed through a tablet.
Competitive advantage
FANUC's advantage is a large installed base combined with in-house engineering. Machinists and maintenance teams worldwide are trained on FANUC CNC programming and robot controllers, so switching platforms means retraining staff, rewriting programs, and re-stocking spare parts.
Siemens
How it makes money
Siemens makes money by selling industrial hardware, software and long-term service to businesses and public operators. Digital Industries sells SIMATIC controllers, drives and the Xcelerator software portfolio (NX, Teamcenter, Simcenter, Altair and EDA tools), increasingly as subscriptions.
Growth strategy
The ONE Tech Company strategy focuses Siemens on automation, digitalization and electrification. Key moves include the roughly $10B Altair Engineering acquisition and the $5.1B Dotmatics deal in 2025 to deepen simulation and life-science software, shifting software customers to subscription and SaaS, industrial AI copilots built with partners such as Nvidia and Microsoft, and further portfolio simplification through…
Competitive advantage
Siemens' edge is breadth across the industrial lifecycle. Few rivals can sell both the design and simulation software used to engineer a product or plant and the automation hardware that runs it on the factory floor.
Questions about FANUC vs Siemens
Which company has higher revenue — FANUC Corporation or Siemens AG?
FANUC Corporation reported ~$5.7B (FY2025), while Siemens AG reported ~$89.2B (FY2026). By last reported revenue, Siemens AG is the larger business, with FANUC Corporation reporting a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
What is the market cap of FANUC Corporation vs Siemens AG?
Siemens AG has a market capitalisation of $237.0B. A public market cap figure for FANUC Corporation was not available (it may be privately held).
Which is more financially efficient — FANUC Corporation or Siemens AG?
FANUC Corporation generates $572k / employee in revenue per employee, while Siemens AG generates $280k / employee. FANUC Corporation shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do FANUC Corporation and Siemens AG make money?
FANUC Corporation and Siemens AG generate revenue in fundamentally different ways. FANUC Corporation: FANUC makes money by selling factory automation hardware and then supporting it for decades. Siemens AG: Siemens makes money by selling industrial hardware, software and long-term service to businesses and public operators.
Is FANUC Corporation bigger than Siemens AG?
By last reported revenue, Siemens AG (~$89.2B (FY2026)) is the larger company compared to FANUC Corporation (~$5.7B (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
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 FANUC vs Siemens overview