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World's largest tire maker, selling tires and rubber products for cars, trucks, aircraft and off-road use.
World's largest tire maker, selling tires and rubber products for cars, trucks, aircraft and off-road use.
Earns more from replacement tires sold to drivers through dealers and its own service chains, such as Firestone Complete Auto Care in the US, than from tires fitted to new vehicles; truck and mining tires add business customers. The 1988 purchase of Firestone made the US its largest market.
In one line: Japan's Goodyear, but bigger.
Moat: narrow (scale, brand, distribution). Global scale, brand and OEM fitment relationships; commodity rubber inputs and Asian low-cost rivals cap pricing power.
Headquarters: Tokyo, Japan · Founded: 1931 · Employees: 115,716
Size Bridgestone (5108.T) is a Japan Consumer Discretionary company (Automotive Aftermarket) with a market value of $31.7B, the 50th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,105 on 6 Nov 2026.
Performance Over six months the shares gained 27.9%, against +3.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 6.1% over the last twelve months (peer median +4.7%); the operating margin is 11.6% (peer median 8.9%).
Valuation It trades at 14.0× forward earnings against a peer median of 14.6× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.2 points above its cost of capital (7.1% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥4.63T | ¥4.43T | ¥4.43T | ¥4.31T | ¥4.11T |
| Revenue growth | — | 0% | +3% | +5% | — |
| Gross profit | ¥1.81T | ¥1.58T | ¥1.60T | ¥1.54T | ¥1.50T |
| EBITDA | ¥899B | ¥837B | ¥824B | ¥779B | ¥723B |
| Net income | ¥418B | ¥327B | ¥285B | ¥328B | ¥299B |
| Free cash flow | ¥465B | ¥409B | ¥250B | ¥379B | ¥47.2B |
| Capital expenditure | ¥291B | ¥287B | ¥337B | ¥343B | ¥255B |
| Total debt | ¥900B | ¥827B | ¥728B | ¥830B | ¥767B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Bridgestone 5108.T | $31.7B | +28% | +6% | 12% | 14.0× | -1.9% |
| Cie Generale des Etablissements Michelin ML.PA | $25.1B | +5% | -4% | 10% | 12.6× | 3.7% |
| Goodyear Tire & Rubber GT | $1.26B | -33% | -4% | 3% | n/a | 5.9% |
| Continental CON.DE | $15.8B | +2% | -35% | n/a | 12.1× | -0.2% |
| Pirelli & C PIRC.MI | $8.27B | +10% | -1% | -9% | 13.3× | -2.4% |
| Hankook Tire & Technology 161390.KS | $5.56B | +5% | +43% | 10% | 6.1× | -13.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 5108.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.5% | +1.9% | 4th highest of 21 |
| 6-month return | +27.9% | +3.1% | 2nd highest of 21 |
| Distance from 52-week high | -6.6% | -19.3% | 2nd highest of 21 |
| Revenue growth (TTM) | +6.1% | +4.7% | 10th highest of 21 |
| Operating margin | 11.6% | 8.9% | 6th highest of 20 |
| Forward P/E | 14.0× | 14.6× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.9% | 0.9% | 6th least demanding of 17 |
| Growth delivered (Del g) | +10.4% | +10.1% | 9th highest of 17 |
| Hurdle (Req g minus delivered) | -12.3 pp | -7.3 pp | 3rd least demanding of 17 |
| ROIC minus cost of capital | +2.2 pp | -0.6 pp | 8th highest of 20 |
| EV / EBITDA | 5.8× | 7.6× | 6th cheapest of 14 |
| Net debt / EBITDA | 0.1× | 1.1× | 4th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bridgestone 5108.T | Japan | $31.7B | +28% | +6% | 12% | 14.0× | -1.9% | +10.4% |
| Cie Generale des Etablissements Michelin ML.PA | France | $25.1B | +5% | -4% | 10% | 12.6× | 3.7% | +4.9% |
| Continental CON.DE | Germany | $15.8B | +2% | -35% | n/a | 12.1× | -0.2% | -9.2% |
| Pirelli & C PIRC.MI | Italy | $8.27B | +10% | -1% | -9% | 13.3× | -2.4% | +9.5% |
| Yokohama Rubber 5101.T | Japan | $6.78B | +8% | +13% | 15% | 8.1× | n/a | n/a |
| Sailun 601058.SS | China | $5.92B | -10% | +12% | 12% | 10.4× | n/a | n/a |
| MRF MRF.NS | India | $5.62B | -4% | +11% | 10% | 25.7× | 20.7% | +14.0% |
| Hankook Tire & Technology 161390.KS | South Korea | $5.56B | +5% | +43% | 10% | 6.1× | -13.2% | +26.9% |
| LKQ LKQ | United States | $5.06B | -31% | -3% | 7% | 9.3× | 0.0% | +3.3% |
| Balkrishna Industries BALKRISIND.NS | India | $4.93B | +7% | +20% | 15% | 30.5× | n/a | n/a |
| Dorman Products DORM | United States | $4.03B | +10% | +2% | 16% | 15.8× | 4.3% | +14.3% |
| Sumitomo Rubber Industries 5110.T | Japan | $3.40B | +1% | +5% | 8% | 9.8× | -3.3% | +8.8% |
| Toyo Tire 5105.T | Japan | $3.17B | +6% | +4% | 15% | 8.2× | -7.3% | +11.6% |
| Cheng Shin Rubber Ind 2105.TW | Taiwan | $2.95B | -3% | -1% | 9% | 20.3× | -9.3% | -1.2% |
| Apollo Tyres APOLLOTYRE.NS | India | $2.80B | +1% | +14% | 8% | 16.6× | 15.6% | +10.7% |
| Zhongce Rubber Group Co., Ltd. A 603049.SS | China | $2.70B | -19% | +14% | 8% | 9.7× | n/a | n/a |
| Qingdao Sentury Tire 002984.SZ | China | $2.62B | -25% | +2% | 8% | 16.7× | 3.4% | +12.8% |
| Shandong Linglong Tyre 601966.SS | China | $2.32B | -19% | +8% | 3% | 50.3× | -0.4% | +6.0% |
| Nokian Renkaat TYRES.HE | Finland | $2.21B | +37% | +5% | 6% | 27.4× | 19.4% | +0.9% |
| Haian Rubber 001233.SZ | China | $1.82B | +9% | -4% | 23% | 25.6× | 1.8% | +13.7% |
| CEAT CEATLTD.NS | India | $1.52B | +6% | +24% | 7% | 31.0× | 24.9% | +15.5% |