Stellantis Car Shipments, Revenue Breakdown, and Profit Margin

Architecture. Pixabay image.

Stellantis is a new automotive group formed by the merger of two major car manufacturers, PSA Group and Fiat Chrysler Automobiles (FCA). The merger was completed in January 2021, creating the world’s fourth-largest automaker by volume.

This article presents Stellantis’ worldwide revenue, vehicle shipments, revenue breakdown by type, profits and margins.

Let’s take a look!

For other key statistics of Stellantis, you may find more resources on this page: Stellantis key stats.

Please use the table of contents to navigate this page.

Definitions

To help readers understand the content better, the following terms and glossaries have been provided.

Vehicle Shipments: Vehicle shipments correspond to vehicles shipped to dealers, distributors, fleet customers or directly to retail customers in some cases.

Keep in mind that vehicle shipment is different from retail sales where vehicles are sold directly to consumers.

Revenue is recognized when control of vehicles, services or parts has been transferred, and Stellantis’ performance obligations to customers have been satisfied.

Transfer of control, and therefore revenue recognition, generally corresponds to the date when the vehicles or service parts were made available to the customer or when the vehicles or service parts were released to the carrier responsible for transporting them to the customer.

Joint Venture: A joint venture refers to a business arrangement where two or more parties agree to pool their resources and expertise to carry out a specific project or business activity.

Each party contributes capital, assets, skills, and knowledge to the joint venture and shares in the risks and rewards of the venture in proportion to their respective ownership interests.

The joint venture is treated as a separate entity for accounting purposes, and financial statements are prepared to reflect its operations and performance.

The accounting treatment of a joint venture depends on the nature and structure of the venture and may involve consolidation, equity method, or proportionate consolidation.

Revenue From Vehicle Shipments & Sales Of Other Goods: Revenue from vehicle shipments refers to the income generated by a company by selling vehicles to customers and dealerships. This can include cars, trucks, buses, and other types of vehicles.

On the other hand, sales of other goods refer to the income generated by a company through the sale of non-vehicle products and services, such as automotive parts, accessories, financing services, and maintenance and repair services.

Both revenue streams are important for automotive companies, as they help to sustain their operations and support innovation and growth in the industry.

Other Services: Revenues from other services provided are primarily comprised of maintenance plans, extended warranties, and connectivity services. These services are either included in the selling price of the vehicle or separately priced.

Construction Contract Revenue: Revenue from construction contracts, which comprised of industrial automation systems, is included within “Other activities”.

Leasing Revenue With Buyback Commitment: Vehicle sales to customers can include a repurchase obligation, whereby Stellantis is required to repurchase the vehicles at a given point in time. Stellantis accounts for such sales as an operating lease.

Interest Income: Interest income is primarily generated by providing dealer and retail financing.

Back To Table Of Contents

Insight & Summary of Stellantis’ Shipment Volume, Revenue Breakdown, and Profit Margin

Stellantis experienced a dramatic reversal in 2025 — moving from consistent, substantial profitability through 2023 to outright losses across every profit and margin metric — even as vehicle wholesale volumes and total revenue showed comparatively modest declines, revealing a genuine disconnect between volume trends and profitability in the most recent year.

• Revenue: A Peak in 2023, Followed by Two Consecutive Years of Decline Total Category revenue peaked at €189,544 million (2023) before declining to €156,878 million (2024) and further to €153,508 million (2025) — a cumulative 19% decline from peak. Vehicle Shipments & Sales of Other Goods, the dominant revenue category throughout, drove most of this decline, falling from €183,230 million (2023) to €146,167 million (2025). Notably, Construction Contract revenue fell to exactly €0 in 2025 — a real, complete cessation of this revenue category rather than a rounding effect, worth flagging given it had contributed a modest but consistent €602–€779 million in every prior year of the dataset.

• Revenue Mix: A Gradual Shift Toward Smaller, More Diversified Categories Vehicle Shipments’ mix share declined modestly but consistently from 96.7% (2021–2023) to 95.2% (2025), while Interest Income’s mix share grew from just 0.1% (2021) to 1.2% (2025) — a twelvefold increase in relative share, even as this remains a small category in absolute terms. Other Services also grew its mix share from 2.1% to 3.1% over the same period. This reflects modest diversification away from core vehicle revenue, though vehicle shipments remain overwhelmingly dominant throughout.

• Profitability: A Severe, Comprehensive 2025 Collapse Every profit and margin metric turned negative in 2025: Gross Profit fell to -€2,119 million (from €20,518 million in 2024), Operating Income collapsed to -€26,254 million (from €3,687 million), and Net Profit fell to -€22,332 million (from €5,520 million). This wasn’t a single-metric issue — it was comprehensive across the entire profit structure, and the scale of the Operating Income and Net Profit declines specifically (multi-billion-euro swings in a single year) suggests this reflects substantial one-time charges or impairments layered on top of a genuinely weaker operating environment, rather than a purely gradual margin erosion. Notably, 2024 had already shown clear signs of deterioration before the 2025 collapse: Gross Margin fell from 20.1% (2023) to 13.1% (2024), and Operating Profit Margin fell even more sharply from 11.8% to just 2.4% over the same single year — meaning the profitability decline was already well underway before 2025’s outright losses.

• Vehicle Wholesales: Comparatively Modest Volume Declines Relative to the Profit Collapse Worldwide Vehicle Shipments fell from a peak of 6,168 thousand units (2023) to 5,415 thousand (2024) and 5,484 thousand (2025) — a 11% decline from peak, considerably milder than the near-total evaporation of profitability over the same window. Joint Venture Vehicle Shipments fell even more sharply in relative terms, from 225 thousand (2023) to just 89 thousand (2025) — a 60% decline, the steepest proportional decline of any volume metric in this dataset. This divergence between the relatively modest total volume decline and the severe profit collapse is the central finding here: whatever drove the 2025 losses was not primarily a volume story.

• Structural Takeaway: Stellantis moved from strong, broad-based profitability through 2023 into a comprehensive 2025 loss across every profit and margin line, while vehicle wholesale volumes and total revenue declined far more modestly over the same period — indicating the 2025 results were driven substantially by cost, margin, or one-time factors rather than simply lower sales volume. Given 2024 already showed clear margin deterioration before 2025’s outright losses, and given the disconnect between the mild volume decline and the severe profit collapse, the more important question going forward is whether 2025’s losses represent a one-time reset (consistent with large impairment or restructuring charges) or the start of a more structural profitability problem — a distinction this dataset alone cannot resolve, but one that will become clear based on whether 2026 shows a genuine recovery toward 2023-level margins or continued weakness.

The table below combines all key Stellantis’ vehicle wholesales, revenue, and profit margin metrics into a single view for the latest three fiscal years.

Back To Table Of Contents

Global and joint venture vehicle shipments

A definition of Stellantis’ vehicle shipments is available here: vehicle shipments. Basically, Stellantis’ vehicle shipments refer to vehicle wholesale the company ships to dealerships for resale. This number determines the company’s revenue, which is recognized when the vehicles are delivered to dealers.

Back To Table Of Contents

Revenue from vehicle shipments, services, leasing, interest income, etc.

The definitions of Stellantis’ revenue by type are available here: revenue from vehicle shipments & sales of goods, other services, construction contract revenue, leasing revenue with buyback commitment, and interest income.

Back To Table Of Contents

Revenue mix from vehicle shipments, services, leasing, interest income, etc.

The definitions of Stellantis’ revenue by type are available here: revenue from vehicle shipments & sales of goods, other services, construction contract revenue, leasing revenue with buyback commitment, and interest income.

Back To Table Of Contents

Wholesales vs revenue growth by category

The definitions of Stellantis’ revenue by type are available here: revenue from vehicle shipments & sales of goods, other services, construction contract revenue, leasing revenue with buyback commitment, and interest income.

Back To Table Of Contents

Profits and Margins

Back To Table Of Contents

References and Credits

1. All financial figures presented were obtained and referenced from Stellantis’ quarterly and annual reports published on the company’s investor relations page: Stellantis Investor Relations.

2. Pixabay images.

Back To Table Of Contents

Disclosure

We may use artificial intelligence (AI) tools to assist us in writing some of the text in this article. However, the data is directly obtained from original sources (usually the quarterly and annual reports) and meticulously cross-checked by our editors multiple times to ensure its accuracy and reliability.

If you find the information in this article helpful, please consider sharing it on social media. Additionally, providing a link back to this article from any website can help us create more content like this in the future.

Thank you for your support and engagement! Your involvement helps us continue to provide high-quality, reliable content.

Back To Table Of Contents