McLaren Automotive vs Suzuki: Revenue, Profit and Business Model
McLaren Automotive had ~$615M of annual revenue in FY2023. Suzuki had ~$42.2B of annual revenue in FY2026 and ~$2.9B of net income.
Latest financial snapshot
McLaren Automotive
- Latest annual revenue
- ~$615M (FY2023)
- Net income
- Unavailable here
- Net margin
- —
- Revenue growth
- -11.4% a year, FY2021–FY2023
Suzuki
- Latest annual revenue
- ~$42.2B (FY2026)
- Net income
- ~$2.9B
- Net margin
- 7.0%
- Revenue growth
- +15.2% a year, FY2022–FY2026
Financial summary
McLaren Automotive
McLaren has struggled to fund new models from its own cash. The 2020 pandemic forced job cuts, a ~$224 million (£170 million) sale-and-leaseback of the Woking campus and fresh shareholder funding. In 2023 revenue fell 25.8% to ~$615 million (£465.9 million) as deliveries dropped, and the holding company booked a record loss that included a ~$495 million (£375 million) impairment. Mumtalakat kept the business funded until CYVN Holdings took over in April 2025; CYVN has not published standalone McLaren Automotive figures since.
Suzuki
Suzuki Motor Corporation (TYO: 7269) reported FY2025 (year ended March 31, 2026) revenue of ~$42.2 billion (¥6,293.0 billion), up 8.0% from ~$39 billion (¥5,825.2 billion), helped by stronger Indian demand after GST cuts. Operating profit fell 3.1% to ~$4.17 billion (¥622.9 billion) (9.9% margin) on yen strength and raw-material costs, while net profit attributable to owners rose to ~$2.94 billion (¥439.3 billion). In Q1 FY2026 (April-June 2026) revenue rose 22% to ~$11.4 billion (¥1,705.8 billion) and operating profit 11% to ~$1.06 billion (¥158.0 billion); Suzuki raised its full-year revenue forecast to ~$46.2 billion (¥6,900 billion) but cut its operating profit forecast to ~$3.62 billion (¥540 billion), citing Middle East instability and higher material costs.
Revenue and profit by year
McLaren Automotive
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2023 | ~$615M | — | — | -25.8% | Source |
| FY2022 | ~$828.7M | — | — | +5.7% | Source |
| FY2021 | ~$783.7M | — | — | — | Source |
Where the revenue comes from
McLaren Automotive
- Series supercars (Artura, 750S, GTS)
Not disclosed
Most of McLaren's unit volume, sold through franchised retailers worldwide.
- Ultimate Series hypercars (W1 and limited editions)
Not disclosed
Small runs at multi-million-dollar prices, such as the 399-unit W1.
- MSO personalisation, racing, parts and service
Not disclosed
Bespoke options, customer GT3/GT4 cars, servicing and heritage work.
Suzuki
- Passenger Automobile Manufacturing & Sales~88%
Engineering and mass-producing compact hatchbacks, sedans, and SUVs (Swift, Baleno, Brezza, Grand Vitara, Jimny, Wagon R) sold across India, Japan, Europe, and Latin America.
- Motorcycles & ATVs~8%
Producing commuter scooters (Access 125, Burgman) and high-performance sportbikes (Hayabusa, V-Strom, GSX-R series).
- Marine Outboard Engines & Power Equipment~4%
Manufacturing high-horsepower four-stroke outboard motors for commercial fishing and recreational marine vessels.
Business model and strategy
McLaren Automotive
How it makes money
McLaren sells hand-assembled cars through a franchised retailer network. Series models (Artura, 750S and the GTS grand tourer) provide most of the volume, while Ultimate Series hypercars such as the 399-unit W1 are sold in small numbers at multi-million-dollar prices. Bespoke options from McLaren Special Operations (MSO), customer GT racing cars, servicing and parts add further income.
Growth strategy
Growth now rests on the CYVN merger. Combining McLaren with Forseven gives McLaren access to more engineers and capital for electrified and multi-seat models, while the McLaren Licensing business aims to earn more from the brand. Earlier, Michael Leiters (CEO 2022-2025) focused on fixing Artura quality problems and stabilising production.
Competitive advantage
Every McLaren road car since the 2011 MP4-12C has used a carbon-fibre tub, a technique the company brought to Formula 1 with the 1981 MP4/1. Tubs for current cars are made at its composites plant in Sheffield, which gives McLaren lighter, stiffer cars than many aluminium-chassis rivals and a clear engineering story linked to its F1 team.
Suzuki
How it makes money
Suzuki Motor Corporation operates a diversified multinational automotive, motorcycle, and marine manufacturing model. Its primary revenue streams comprise: First, Passenger Automobile Manufacturing & Sales (~88% of revenue), engineering and mass-producing compact hatchbacks, sedans, and SUVs (Swift, Baleno, Brezza, Grand Vitara, Jimny, Wagon R) sold across India, Japan, Europe, and Latin America.
Growth strategy
Suzuki Motor Corporation's growth strategy centers on its 'Growth Strategy for FY2030', focused on dominating emerging markets (especially India via Maruti Suzuki), scaling global small-car manufacturing, and executing a pragmatic multi-pathway electrification approach.
Competitive advantage
Suzuki's advantage is its engineering of lightweight, fuel-efficient small cars and its position in India through Maruti Suzuki. It holds roughly 40% of the Indian passenger vehicle market, supported by a sales and service network of more than 4,000 outlets, which builds customer trust and gives it cost advantages in affordable cars.
Questions about McLaren Automotive vs Suzuki
Which company has higher revenue — McLaren Automotive or Suzuki Motor Corporation?
McLaren Automotive had ~$615M (FY2023), while Suzuki Motor Corporation had ~$42.2B (FY2026). By latest annual revenue, Suzuki Motor Corporation is the larger business, with McLaren Automotive 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 McLaren Automotive vs Suzuki Motor Corporation?
Suzuki Motor Corporation has a market capitalisation of $26.0B. A public market cap figure for McLaren Automotive was not available (it may be privately held).
How does revenue per employee compare for McLaren Automotive and Suzuki Motor Corporation?
Suzuki Motor Corporation generates $602k / employee in revenue per employee. A comparable figure for McLaren Automotive requires matching employee and revenue data from the same reporting period.
How do McLaren Automotive and Suzuki Motor Corporation make money?
McLaren Automotive and Suzuki Motor Corporation generate revenue in fundamentally different ways. McLaren Automotive: McLaren sells hand-assembled cars through a franchised retailer network. Suzuki Motor Corporation: Suzuki Motor Corporation operates a diversified multinational automotive, motorcycle, and marine manufacturing model.
Is McLaren Automotive bigger than Suzuki Motor Corporation?
By last reported revenue, Suzuki Motor Corporation (~$42.2B (FY2026)) is the larger company compared to McLaren Automotive (~$615M (FY2023)). 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 McLaren Automotive vs Suzuki overview