Hyundai vs Skoda Auto: Revenue, Profit and Business Model
Hyundai reported ~$132.2B of revenue in FY2025 and ~$6.7B of net income. Skoda Auto reported ~$34B of revenue in FY2025 and — of net income.
Latest financial snapshot
Hyundai
- Latest revenue
- ~$132.2B (FY2025)
- Net income
- ~$6.7B
- Net margin
- 5.1%
- Revenue growth
- +12.2% a year, FY2021–FY2025
Skoda Auto
- Latest revenue
- ~$34B (FY2025)
- Net income
- —
- Net margin
- 0.0%
- Revenue growth
- +6.6% a year, FY2023–FY2025
Financial summary
Hyundai
Hyundai's revenue has grown every year since 2020, from ~$83.5 billion (KRW 117.6 trillion) in 2021 to ~$132 billion (KRW 186.25 trillion) in 2025. Profit peaked in 2023 and 2024, when operating profit topped ~$9.94 billion (KRW 14 trillion) on a rich SUV mix and a weak won. In 2025 operating profit fell 19.5% to ~$8.14 billion (KRW 11.47 trillion) and net profit fell 21.7% to ~$7.36 billion (KRW 10.36 trillion), mostly because of U.S. tariffs. Q2 2026 revenue was a record ~$34.9 billion (KRW 49.22 trillion), up 1.9%, but operating profit dropped 20.8% to ~$2.02 billion (KRW 2.85 trillion), leaving H1 2026 operating profit at ~$3.81 billion (KRW 5.37 trillion) against ~$5.14 billion (KRW 7.24 trillion) a year earlier. The company paid a total 2025 dividend of KRW 10,000 per share, and its 2026 guidance calls for 1-2% revenue growth and a 6.3-7.3% operating margin, which its CFO said in July it may miss on volume.
Skoda Auto
Skoda Auto Group revenue rose from ~$29.9 billion (€26.5 billion) in 2023 to ~$31.4 billion (€27.8 billion) in 2024 and a record ~$34 billion (€30.1 billion) in 2025 (+8.3%). Operating profit reached ~$2.82 billion (€2.5 billion) in 2025 (+8.6%), giving a return on sales of 8.3%, and net cash flow hit a record ~$2.6 billion (€2.3 billion). In the first half of 2026 revenue grew 6.3% to ~$18.1 billion (€16.0 billion), operating profit rose 6.3% to ~$1.58 billion (€1.4 billion), return on sales held at 8.5% and net cash flow rose 14.3% to ~$1.92 billion (€1.7 billion). Management credits higher volumes, cost discipline under the Next Level Efficiency+ programme and Volkswagen Group synergies.
Revenue and profit by year
Hyundai
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$132.2B | ~$6.7B | 5.1% | +6.3% | Source |
| FY2024 | ~$124.4B | ~$8.9B | 7.1% | +7.7% | Source |
| FY2023 | ~$115.5B | ~$8.5B | 7.4% | +14.4% | Source |
| FY2022 | ~$100.9B | ~$5.2B | 5.2% | +20.9% | Source |
| FY2021 | ~$83.5B | ~$3.5B | 4.2% | — | Source |
Skoda Auto
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$34B | — | 0.0% | +8.3% | Source |
| FY2024 | ~$31.4B | — | 0.0% | +4.9% | Source |
| FY2023 | ~$29.9B | — | 0.0% | — | Source |
Where the revenue comes from
Hyundai
- SUVs and Passenger Vehicles
Core revenue engine
Tucson, Santa Fe, Palisade, Sonata, Elantra, and other global models generate volume, dealer traffic, and cash flow across major regions.
- Hybrids and Electrified Vehicles
Growth and transition
Hybrid, plug-in hybrid, battery-electric, and fuel-cell vehicles support Hyundai's transition while giving buyers powertrain choice during uneven EV adoption.
- Genesis Luxury
Premium margin contributor
Genesis sedans and SUVs lift brand perception and average transaction prices while competing with Lexus, Mercedes-Benz, BMW, and Audi.
- Parts, Services, and Mobility
Recurring and adjacent
After-sales service, parts, connected services, fleet offerings, robotics, and future mobility investments extend Hyundai beyond one-time vehicle sales.
Skoda Auto
No segment breakdown is published.
Business model and strategy
Hyundai
How it makes money
Hyundai earns most of its revenue from wholesale vehicle sales to dealers and distributors across North America, Korea, Europe, India and emerging markets. Three layers sit on top of that core: the Genesis luxury brand, which lifts average transaction prices; a finance division (Hyundai Capital and Hyundai Capital America) that earns interest and lease income on vehicle loans; and after-sales parts and service.
Growth strategy
Hyundai's growth strategy rests on four moves: localising production in the United States, India and other big markets to avoid tariffs; expanding hybrids across its range while keeping EV investment flexible; pushing Genesis higher in luxury; and building software, autonomous driving and robotics. In the U.S.
Competitive advantage
Hyundai's edge is breadth plus speed. It can offer gasoline, hybrid, plug-in, battery-electric and hydrogen versions of key models, which matters as EV demand stalls in some markets and hybrids take more than a quarter of its U.S. sales.
Skoda Auto
How it makes money
Skoda makes most of its money selling new cars. In its 2025 annual report, car sales made up 83.9% of Skoda Auto a.s. revenue, with the rest coming from genuine parts, accessories, components supplied to other Volkswagen Group brands and services. The line-up runs from the Fabia and Kamiq through the Octavia, Superb and Kodiaq to the electric Elroq, Enyaq, Epiq and Peaq.
Growth strategy
Skoda's growth plan has two tracks. In Europe it is widening its EV range at lower price points (Elroq, Epiq) while keeping combustion and plug-in hybrid versions of the Octavia, Superb and Kodiaq. Internationally it leads Volkswagen Group business in India and is building presence in ASEAN, the Middle East, Türkiye and Morocco. India deliveries doubled in 2025, and the Kylaq compact SUV is a key volume model there.
Competitive advantage
Skoda's edge comes from combining Volkswagen Group platforms, engines and EV hardware with its own packaging and pricing. Its cars typically offer more cabin and boot space than similarly priced rivals, and features branded 'Simply Clever' (an umbrella in the door, an ice scraper in the fuel flap) reinforce a practical image.
Questions about Hyundai vs Skoda Auto
Which company has higher revenue — Hyundai Motor Company or Skoda Auto a.s.?
Hyundai Motor Company reported ~$132.2B (FY2025), while Skoda Auto a.s. reported ~$34B (FY2025). By last reported revenue, Hyundai Motor Company is the larger business, with Skoda Auto a.s. reporting a smaller revenue base.
What is the market cap of Hyundai Motor Company vs Skoda Auto a.s.?
Hyundai Motor Company has a market capitalisation of $52.0B. A public market cap figure for Skoda Auto a.s. was not available (it may be privately held).
Which is more financially efficient — Hyundai Motor Company or Skoda Auto a.s.?
Hyundai Motor Company generates $1.08M / employee in revenue per employee, while Skoda Auto a.s. generates $850k / employee. Hyundai Motor Company 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 Hyundai Motor Company and Skoda Auto a.s. make money?
Hyundai Motor Company and Skoda Auto a.s. generate revenue in fundamentally different ways. Hyundai Motor Company: Hyundai earns most of its revenue from wholesale vehicle sales to dealers and distributors across North America, Korea, Europe, India and emerging markets. Skoda Auto a.s.: Skoda makes most of its money selling new cars.
Is Hyundai Motor Company bigger than Skoda Auto a.s.?
By last reported revenue, Hyundai Motor Company (~$132.2B (FY2025)) is the larger company compared to Skoda Auto a.s. (~$34B (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 Hyundai vs Skoda Auto overview