Nissan vs Visteon: Revenue, Profit and Business Model
Nissan had ~$80.5B of annual revenue in FY2026 and a net loss of ~$3.6B. Visteon had $3.8B of annual revenue in FY2025 and $201M of net income.
Latest financial snapshot
Financial summary
Nissan
Revenue peaked at ~$85 billion (¥12.69 trillion) in FY2023 (ended March 2024), with net income of ~$2.86 billion (¥426.6 billion). Then weak U.S. pricing, an ageing lineup and share losses in China hit results. FY2024 revenue was ~$84.6 billion (¥12.63 trillion) with a ~$4.5 billion (¥670.9 billion) net loss, driven by impairments and restructuring charges. FY2025 revenue fell 4.9% to ~$80.4 billion (¥12.0 trillion) and the net loss narrowed to ~$3.57 billion (¥533.1 billion), while operating profit stayed positive at ~$389 million (¥58.0 billion) (0.5% margin). Automotive free cash flow was minus ~$3.22 billion (¥480.8 billion) for the year but turned positive (~$750 million (¥112 billion)) in the second half. Nissan ended FY2025 with ~$7.84 billion (¥1.17 trillion) of automotive net cash and ~$24.1 billion (¥3.6 trillion) of total liquidity, and paid no dividend. In Q1 FY2026 (April to June 2026), revenue rose 9.5% to ~$19.9 billion (¥2.964 trillion) and operating profit was ~$522 million (¥77.9 billion), against a ~$530 million (¥79.1 billion) loss a year earlier. Nissan Motor Co., Ltd. is a colossal Japanese multinational automobile manufacturer and a core member of the Renault–Nissan–Mitsubishi Alliance, commanding a market valuation generally exceeding $15 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
Nissan
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | ~$80.5B | ~-$3.6B | -4.4% | -4.9% | Source |
| FY2025 | ~$84.6B | ~-$4.5B | -5.3% | -0.4% | Source |
| FY2024 | ~$85B | ~$2.9B | 3.4% | +19.7% | Source |
| FY2023 | ~$71B | ~$1.5B | 2.1% | +25.8% | Source |
| FY2022 | ~$56.4B | ~$1.4B | 2.6% | — | 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
Nissan
- Vehicle Core Manufacturing88
Wholesale deliveries of passenger sedans, crossover SUVs, pickup trucks, and EVs through franchised global dealer networks.
- Sales Financing10
Retail auto purchase loans, consumer vehicle leases, and wholesale dealer inventory floorplan financing yields.
- Aftermarket, Software & Licensing2
Distribution of genuine replacement parts, Nismo performance tuning kits, NissanConnect digital subscriptions, and battery recycling.
Visteon
- Digital cockpit electronics
- Automotive displays
- Instrument clusters
- Infotainment systems
- Cockpit domain controllers
- Battery management systems
Business model and strategy
Nissan
How it makes money
Nissan makes money in two segments. The automobile business designs, builds and wholesales Nissan, Infiniti and NISMO vehicles (crossovers such as the Rogue/X-Trail, Kicks and Qashqai, sedans such as the Sentra and Altima, pickups such as the Frontier/Navara, and EVs such as the Leaf, Ariya and Sakura) to franchised dealers, and also sells parts.
Growth strategy
Re:Nissan, announced in May 2025, is a restructuring plan before it is a growth plan. It targets ~$3.35 billion (¥500 billion) in fixed and variable cost savings against FY2024, about 20,000 job reductions, and cutting vehicle plants from 17 to 10 by FY2027. Vehicle production at Oppama will end in FY2027 and move to Nissan Motor Kyushu.
Competitive advantage
Nissan's advantage is a global manufacturing footprint and long experience with electric vehicles. It launched the mass-market Leaf in 2010, which gives it more than a decade of data on how batteries perform in everyday use. Its e-POWER system, in which a petrol engine charges the battery and never drives the wheels, offers an option for markets with few EV chargers.
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 Nissan vs Visteon
Which company has higher revenue — Nissan Motor Co., Ltd. or Visteon Corporation?
Nissan Motor Co., Ltd. had ~$80.5B (FY2026), while Visteon Corporation had $3.8B (FY2025). By latest annual revenue, Nissan 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 Nissan Motor Co., Ltd. vs Visteon Corporation?
Nissan Motor Co., Ltd. has a market capitalisation of $7.0B. A public market cap figure for Visteon Corporation was not available (it may be privately held).
How does revenue per employee compare for Nissan Motor Co., Ltd. and Visteon Corporation?
Nissan Motor Co., Ltd. has $670k / 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 Nissan Motor Co., Ltd. and Visteon Corporation make money?
Nissan Motor Co., Ltd. and Visteon Corporation generate revenue in fundamentally different ways. Nissan Motor Co., Ltd.: Nissan makes money in two segments. Visteon Corporation: Visteon is a Tier 1 supplier.
Is Nissan Motor Co., Ltd. bigger than Visteon Corporation?
By last reported revenue, Nissan Motor Co., Ltd. (~$80.5B (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 Nissan vs Visteon overview