Skoda Auto vs Suzuki: Revenue, Profit and Business Model
Skoda Auto had ~$34B of annual revenue in FY2025. Suzuki had ~$42.2B of annual revenue in FY2026 and ~$2.9B of net income.
Latest financial snapshot
Skoda Auto
- Latest annual revenue
- ~$34B (FY2025)
- Net income
- Unavailable here
- Net margin
- —
- Revenue growth
- +6.6% a year, FY2023–FY2025
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
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.
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
Skoda Auto
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$34B | — | — | +8.3% | Source |
| FY2024 | ~$31.4B | — | — | +4.9% | Source |
| FY2023 | ~$29.9B | — | — | — | Source |
Where the revenue comes from
Skoda Auto
- Car sales
83.9% (2025)
Share of Skoda Auto a.s. revenue. The range runs from the Fabia and Kamiq to the Kodiaq and the electric Elroq and Enyaq.
- Parts, accessories and components
Not formally reported
Genuine parts and accessories, components supplied to other Volkswagen Group brands, and services. Group revenue was ~$34 billion (€30.1 billion) in 2025.
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
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.
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 Skoda Auto vs Suzuki
Which company has higher revenue — Skoda Auto a.s. or Suzuki Motor Corporation?
Skoda Auto a.s. had ~$34B (FY2025), while Suzuki Motor Corporation had ~$42.2B (FY2026). By latest annual revenue, Suzuki Motor Corporation is the larger business, with Skoda Auto a.s. 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 Skoda Auto a.s. vs Suzuki Motor Corporation?
Suzuki Motor Corporation has a market capitalisation of $26.0B. A public market cap figure for Skoda Auto a.s. was not available (it may be privately held).
How does revenue per employee compare for Skoda Auto a.s. and Suzuki Motor Corporation?
Skoda Auto a.s. has $850k / employee in revenue per employee, while Suzuki Motor Corporation has $602k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do Skoda Auto a.s. and Suzuki Motor Corporation make money?
Skoda Auto a.s. and Suzuki Motor Corporation generate revenue in fundamentally different ways. Skoda Auto a.s.: Skoda makes most of its money selling new cars. Suzuki Motor Corporation: Suzuki Motor Corporation operates a diversified multinational automotive, motorcycle, and marine manufacturing model.
Is Skoda Auto a.s. bigger than Suzuki Motor Corporation?
By last reported revenue, Suzuki Motor Corporation (~$42.2B (FY2026)) 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 Skoda Auto vs Suzuki overview