Honda vs Peugeot: Revenue, Profit and Business Model
Honda had ~$146B of annual revenue in FY2026 and a net loss of ~$2.8B. A full-year revenue figure is unavailable here for Peugeot.
Latest financial snapshot
Financial summary
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.
Peugeot
Stellantis does not report Peugeot revenue or profit separately. At group level, Stellantis reported 2025 net revenues of ~$173 billion (€153.5 billion) (down 2%) and a ~$25.2 billion (€22.3 billion) net loss after ~$28.7 billion (€25.4 billion) of charges linked to scaling back EV plans. Revenues rose 6% to ~$43.1 billion (€38.1 billion) in Q1 2026, and Q2 2026 adjusted operating income was about $904 million (€0.8 billion) (1.8% margin). Peugeot's own 2025 volume was about 1,079,000 units, roughly 1% higher than 2024.
Revenue and profit by year
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 |
Peugeot
A revenue figure is unavailable here for Peugeot. What is known about its finances is in the summary above.
Where the revenue comes from
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.
Peugeot
- B-Segment & C-Segment Passenger Cars
Not formally reported
High-volume compact hatchbacks and crossover SUVs, including the best-selling Peugeot 208, 2008, 308, and the fastback 408 across European and South American markets.
- Midsize Family & Flagship C-SUVs
Not formally reported
Higher-margin long-wheelbase SUVs and electrified fastbacks, featuring the Peugeot 3008, 5008 7-seater, and 508 executive fastback and wagon.
- Light Commercial Vehicles (LCV)
Not formally reported
Commercial fleet vans and utility chassis cabs, including the Peugeot Partner, Expert, and Boxer vans powering trade logistics and urban delivery.
- Aftersales, Parts & Connected Services
Not formally reported
OEM replacement components through Stellantis Eurorepar, long-term fleet maintenance contracts, and over-the-air connected navigation software subscriptions.
Business model and strategy
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.
Peugeot
How it makes money
Peugeot makes money by designing, building and selling passenger cars and light commercial vans, mainly in Europe, plus parts, servicing and financing through Stellantis.
Growth strategy
Under Alain Favey, Peugeot aims to grow from about 1.1 million to 1.5 million annual sales by 2030 with seven new models, including a next-generation 208 previewed by the Polygon concept and new C-segment models replacing the 308, 308 SW and 408.
Competitive advantage
Peugeot's edge is a recognisable design and interior (the i-Cockpit with a small steering wheel and raised instruments) combined with access to Stellantis's shared platforms, plants and purchasing. That lets it price above mass-market rivals while sharing development costs with Citroën, Opel and other group brands.
Questions about Honda vs Peugeot
Which company has higher revenue — Honda Motor Co., Ltd. or Peugeot?
Honda Motor Co., Ltd. had ~$146B (FY2026). A comparable annual revenue figure for Peugeot was unavailable here.
What is the market cap of Honda Motor Co., Ltd. vs Peugeot?
Honda Motor Co., Ltd. has a market capitalisation of $50.3B. A public market cap figure for Peugeot was not available (it may be privately held).
How does revenue per employee compare for Honda Motor Co., Ltd. and Peugeot?
Honda Motor Co., Ltd. generates $748k / employee in revenue per employee. A comparable figure for Peugeot requires matching employee and revenue data from the same reporting period.
How do Honda Motor Co., Ltd. and Peugeot make money?
Honda Motor Co., Ltd. and Peugeot generate revenue in fundamentally different ways. Honda Motor Co., Ltd.: Honda earns money in four reportable segments. Peugeot: Peugeot makes money by designing, building and selling passenger cars and light commercial vans, mainly in Europe, plus parts, servicing and financing through Stellantis.
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 Honda vs Peugeot overview