Stories that rely on net profit are attempting to dupe you, because it's a meaningless figure. It completely ignores the size of the company and how many stakeholders (owners) the company has. Also, if they made $1 more than any other year they have made record profits so record profits is also a meaningless sensational term intended to manipulate.
THINK. If they made 12 billion in net profits and a profit margin of only 13%, guess how much money they spent to make that net 12 billion. Guess where that billions of dollars of expenses went. Stellantis directly employs nearly 275,000 employees and has millions of owners.
The fact remains their profit margin for 2023 was below 13%. Visa has a profit margin of 51%, Apple and Amazon are around 43%, and Microsoft 36%.
Go ahead and believe it's greed if that makes you feel better. If you can't understand the facts I am presenting then I just can't give you the education in economics and business finance that you need.
13% profit margin for Stellantis is scary thin.
Like the other companies mentioned, I get hauled onto the carpet if my projects dip below 40% profit margin.
But the point is how stats lie and invoke sensational responses, meant to make people emotional, rather than knowledgeable.
On one hand you need to break these profit and revenue figures down to a scalable unit of measure, like profit margin or earning per share. In that light it doesn’t look like Stellantis made much money.
On the other hand you’d really need to dive into their expenses, and have industry expertise to give them context, to understand if their margins are so low due to poor decisions, etc.