Honda vs Visteon: Revenue, Profit and Business Model
Honda had ~$146B of annual revenue in FY2026 and a net loss of ~$2.8B. Visteon had $3.8B of annual revenue in FY2025 and $201M of net income.
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.
Visteon
Visteon's 2025 net sales fell about 3% to USD 3.768 billion, with price-downs and lower BMS volumes offsetting roughly 20% growth in displays. Profitability still improved: gross margin was USD 532 million and adjusted EBITDA a record USD 492 million (13.1%). Net income attributable to Visteon dropped to USD 201 million from USD 296 million, mainly because of tax valuation allowance changes and a pension transfer charge. In Q2 2026, sales were USD 960 million versus USD 969 million a year earlier, adjusted EBITDA was USD 116 million, net cash was USD 351 million, and the company reaffirmed full-year sales guidance of USD 3.625 billion to USD 3.825 billion.
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 |
Visteon
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $3.8B | $201M | 5.3% | -2.5% | Source |
| FY2024 | $3.9B | $296M | 7.7% | -2.2% | Source |
| FY2023 | $4B | $568M | 14.4% | +5.3% | Source |
| FY2022 | $3.8B | $124M | 3.3% | +35.4% | Source |
| FY2021 | $2.8B | $41M | 1.5% | +8.8% | Source |
| FY2020 | $2.5B | -$56M | -2.2% | -13.5% | Source |
| FY2019 | $2.9B | $70M | 2.4% | -1.3% | Source |
| FY2018 | $3B | $164M | 5.5% | -5.1% | Source |
| FY2017 | $3.1B | $176M | 5.6% | -0.5% | Source |
| FY2016 | $3.2B | $75M | 2.4% | — | Source |
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.
Visteon
- Digital cockpit electronics
- Automotive displays
- Instrument clusters
- Infotainment systems
- Cockpit domain controllers
- Battery management systems
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.
Visteon
How it makes money
Visteon is a Tier 1 supplier. It bids for cockpit electronics programs on specific vehicle platforms, usually years before production starts, and is paid per unit once those vehicles are built. Displays, instrument clusters, infotainment and SmartCore domain controllers make up most sales, with battery management systems for EVs a smaller line.
Growth strategy
Visteon's growth strategy is to deepen its digital cockpit portfolio, win more domain controller and display programs, expand with Asian and European OEMs, support electric and software-defined vehicle platforms, and use disciplined M&A or partnerships to add technology.
Competitive advantage
Visteon's advantage comes from focus. After exiting climate and interiors, it became a cockpit electronics specialist with global engineering, OEM qualification history, and domain-controller know-how. It has the credibility to win programs with large automakers and the operating discipline to convert those wins into margins.
Questions about Honda vs Visteon
Which company has higher revenue — Honda Motor Co., Ltd. or Visteon Corporation?
Honda Motor Co., Ltd. had ~$146B (FY2026), while Visteon Corporation had $3.8B (FY2025). By latest annual revenue, Honda Motor Co., Ltd. is the larger business, with Visteon Corporation showing 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 Honda Motor Co., Ltd. vs Visteon Corporation?
Honda Motor Co., Ltd. has a market capitalisation of $50.3B. A public market cap figure for Visteon Corporation was not available (it may be privately held).
How does revenue per employee compare for Honda Motor Co., Ltd. and Visteon Corporation?
Honda Motor Co., Ltd. has $748k / employee in revenue per employee, while Visteon Corporation has $359k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do Honda Motor Co., Ltd. and Visteon Corporation make money?
Honda Motor Co., Ltd. and Visteon Corporation generate revenue in fundamentally different ways. Honda Motor Co., Ltd.: Honda earns money in four reportable segments. Visteon Corporation: Visteon is a Tier 1 supplier.
Is Honda Motor Co., Ltd. bigger than Visteon Corporation?
By last reported revenue, Honda Motor Co., Ltd. (~$146B (FY2026)) is the larger company compared to Visteon Corporation ($3.8B (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 Honda vs Visteon overview