Stellantis N.V. engages in the designing, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, and mobility ...
Stellantis N.V. is one of the world's leading automakers, created in January 2021 through the merger of French PSA Group (Peugeot, Citroën, DS, Opel, Vauxhall) and Italian-American Fiat Chrysler Automobiles (Fiat, Chrysler, Dodge, Jeep, Ram, Maserati, etc.). The company designs, engineers, manufactures, and sells a wide range of vehicles from ...Stellantis N.V. is one of the world's leading automakers, created in January 2021 through the merger of French PSA Group (Peugeot, Citroën, DS, Opel, Vauxhall) and Italian-American Fiat Chrysler Automobiles (Fiat, Chrysler, Dodge, Jeep, Ram, Maserati, etc.). The company designs, engineers, manufactures, and sells a wide range of vehicles from luxury to mass-market, including electric and hybrid models. It also offers mobility services like Free2move, leasing through Leasys, and parts and accessories. With a global footprint, it operates in North America, Europe, South America, and other regions. In 2024, it reported about 258,668 employees and a market cap of around $16 billion. The company has faced financial challenges recently, with negative profit margins and cash flow, but remains a major player with a diverse brand portfolio. Leadership includes Chairman John Elkann, Vice Chairman Robert Peugeot, and CEO Antonio Filosa, who took over in 2024. Stellantis is committed to innovation, electrification, and sustainable mobility, investing in R&D and new technologies. Despite financial headwinds, it continues to focus on operational efficiency and customer-centric solutions.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$153.5B
-2.1%
-45.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-22.4B
-508.7%
+101.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
-2.7%
-123.4%
+207.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-14.5%
-518.0%
+108.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-14.6%
-517.7%
+102.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-16.2B
-129.7%
+62.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-10.6%
-134.7%
+31.7%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
85.8%
+88.3%
+7.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.02x
-5.7%
+0.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, and welcome to the Stellantis Q2 2026 Financial Results Call. [Operator Instructions] I now give the floor to Mr. Charlie Christman, Head of Investor Relations, to begin today's conference. Sir, the floor is yours.
Charles Christman: Thank you. Hello, everyone, and thank you for joining us today as we review the Stellantis Q2 2026 results. Earlier today, the presentation material for this call, along with the related press release were posted under the Investors section of the Stellantis Group website. Today, our call is hosted by Antonio Filosa, Chief Executive Officer; and Joao Laranjo, Chief Financial Officer. After their prepared remarks, Antonio and Joao will be available to answer questions from the analysts. Before we begin, I want to point out that any forward-looking statements we might make during today's call are subject to the risks and uncertainties mentioned in the safe harbor statement included on Page 2 of today's presentation. As customary, the call will be governed by that language. Now I will hand the call over to Antonio Filosa, Chief Executive Officer of Stellantis.
Antonio Filosa: Thank you, Charlie, and thank you all very much for joining us today as we discuss our quarter 2 results. Our second quarter execution and financial performance reflect the meaningful progress that the team and I have been focused on delivering over the last 12 months. All key financial metrics are significantly improved year-over-year. Net revenues are up 13%. AOI margin is up 120 basis points. Industrial free cash flow is positive EUR 1 billion, up EUR 1 billion compared to last year. This year-over-year improvement gives us confidence in our full year '26 financial guidance, which we are reaffirming again today, including our expectation that we will have positive industrial free cash flow in 2027. We set out our FaSTLAne 2030 strategy and its financial targets at our May 21 Investor Day, and these quarter 2 results demonstrate that we are very much on track in our journey towards those targets. In quarter 2, we made strong and significant progress on industrial execution. Through the good work of our operating teams, we have stabilized production and are running our plants much more efficiently. Year-over-year, overall production efficiency was improved 870 basis points in North America and 170 basis points in Europe. We also kept improving quality with 3 months in service quality improving 38% in North America and 24% in Europe. And we are making encouraging daily progress in the implementation of our value creation program, VCP. And as we shared with you at Investor Day, partnerships are a key pillar of our FaSTLAne 2030 plan. The announcements we made give you a strong sense on how attractive Stellantis is as a strategic partner both to other OEMs and to leading names in the tech space. We are also making good progress with the execution of our large-scale new product plan. One of the key strategies in our FaSTLAne 2030 …