Should you invest in Stellantis?
Stellantis may appeal to investors who want exposure to the auto industry without betting entirely on EVs. The company remains profitable, generates significant cash flow, and prioritizes shareholder returns through dividends.
That said, automakers are cyclical businesses. Stellantis struggled in 2024 as vehicle shipments declined and earnings fell sharply, and its turnaround plan is still playing out. Investors with short time horizons or low tolerance for economic cycles may want to be cautious.
One differentiator is Stellantis’ investment in Archer Aviation (ACHR +0.71%). The company owns roughly 16% of Archer and has committed to manufacturing its electric aircraft, giving Stellantis indirect exposure to urban air mobility alongside its core auto business.
If you’re seeking a high-growth EV pure play, companies like Tesla (TSLA +0.99%) or Rivian (RIVN +3.05%) may be a better fit. If you want income, value, and diversification across many auto brands, Stellantis is worth a closer look.
Is Stellantis profitable?
For several years, Stellantis had increased profits. In 2024, however, the company hit a pothole. After reporting diluted earnings per share (EPS) of 5.31 euros ($5.82) and 5.94 euros ($6.51) in 2022 and 2023, respectively, the automaker reported diluted EPS of 1.84 euros ($2.02) in 2024. Unfortunately, as of November 2025, Stellantis reported a diluted EPS of $0.00, representing a 100% decline.
Declining sales represented the main culprit in the company's inferior performance in 2024 compared to 2023. Stellantis reported only 5.42 million vehicle shipments in 2024, a 12% decrease from the 6.17 million reported in 2023.
Does Stellantis pay a dividend?
Stellantis has rewarded investors with a dividend. In 2023 and 2024, for example, it paid dividends per share of 1.34 euros (about $1.45) and 1.55 euros (about $1.68), respectively.
Lest investors fret that the high dividend yield portends poor financial health, the company has articulated a dividend policy that targets a payout ratio between 25% and 30%.
The bottom line
Since the completion of the FCA and PSA merger, shares of Stellantis have failed to keep pace with the S&P 500 index. But it's important to remember that the company has operated in its post-merger form for just over three years. It's quite possible that this leading global automaker will be a long-term winner for investors. However, as Stellantis's future plans have changed, only time will tell if Stellantis will be the right vehicle for your portfolio.
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