Ford Motor Co. (F) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.35	$0.42	+20.0%	—	—	—
Q4 26	$0.19	$0.66	+247.4%	—	—	—
Q3 26	$0.19	$0.13	-31.6%	—	—	—
Q2 26	$0.66	$0.69	+4.5%	—	—	—
Q1 26	$0.33	$0.37	+12.1%	—	—	—
Q4 25	$0.02	$0.14	+600.0%	—	—	—
Q3 25	$0.32	$0.39	+21.9%	—	—	—
Q2 25	$0.47	$0.49	+4.3%	—	—	—
Q1 25	$0.68	$0.47	-30.9%	—	—	—
Q4 24	$0.44	$0.49	+11.4%	—	—	—
Q3 24	$0.12	$0.29	+141.7%	—	—	—
Q2 24	$0.45	$0.39	-13.3%	—	—	—
Q1 24	$0.55	$0.72	+30.9%	—	—	—
Q4 23	$0.41	$0.63	+53.7%	—	—	—
Q3 23	$0.62	$0.51	-17.7%	—	—	—
Q2 23	$0.27	$0.3	+11.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$2.06	—	—	$187.3B	—
FY24	—	$1.48	—	—	$185B	—
FY23	—	$1.09	—	—	$176.2B	—
FY22	—	-$0.49	—	—	$158.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$151.8B	$156.8B	$160.3B	$155.9B	$127.1B	$136.3B	$158.1B	$176.2B	$185B	$187.3B
YoY change	+1.5%	+3.28%	+2.27%	-2.77%	-18.4%	+7.23%	+15.9%	+11.5%	+5%	+1.23%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	151.8B	156.8B	160.3B	155.9B	127.1B	136.3B	158.1B	176.2B	185B	187.3B
Cost of revenue	135B	140.4B	145.7B	144.2B	121.4B	119.9B	140.9B	160B	169.5B	185.6B
Gross profit	16.8B	16.4B	14.6B	11.7B	5.8B	16.4B	17.2B	16.2B	15.5B	1.7B
Gross margin	11%	10.5%	9.11%	7.53%	4.55%	12.1%	10.9%	9.17%	8.38%	0.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	11B	11.5B	11.4B	11.2B	10.2B	11.9B	10.9B	10.7B	10.3B	10.8B
Operating expenses	19.8B	20.6B	20.9B	20.6B	18.8B	11.9B	10.9B	10.7B	10.3B	10.8B
Operating income	5.8B	4.9B	3.2B	574M	-4.4B	4.5B	6.3B	5.5B	5.2B	-9.2B
Operating margin	3.81%	3.11%	2%	0.37%	-3.47%	3.32%	3.97%	3.1%	2.82%	-4.9%
Non-operating income, net	1.7B	4B	1.7B	-974M	4.5B	14.8B	-8.6B	-1.7B	1.6B	-2.8B
Pretax income	6.8B	8.2B	4.3B	-640M	-1.1B	17.8B	-3B	4B	7.2B	-11.8B
Income tax	2.2B	402M	650M	-724M	160M	-130M	-864M	-362M	1.3B	-3.7B
Net income	4.6B	7.8B	3.7B	84M	-1.3B	17.9B	-2.2B	4.3B	5.9B	-8.2B
Net margin	3.03%	4.95%	2.3%	0.05%	-1%	13.1%	-1.36%	2.46%	3.19%	-4.36%
EBITDA	16.3B	17.9B	13.9B	8.8B	7.7B	18.1B	12.4B	12B	14.3B	3.3B
EPS	1.16	1.91	0.93	0.01	-0.32	4.49	-0.49	1.09	1.48	-2.06
Diluted EPS	1.15	1.9	0.92	0.01	-0.32	4.45	-0.49	1.08	1.46	-2.06

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	43.8B	46B	42.8B	47.8B	46.2B	48.2B	40.7B	50.2B	50.5B	45.9B	43.3B	48.3B
Cost of revenue	40B	43.4B	39.2B	43.2B	42.9B	44.2B	37.9B	47B	46.2B	54.5B	38.1B	45B
Gross profit	3.8B	2.5B	3.6B	4.6B	3.3B	4B	2.8B	3.2B	4.3B	-8.6B	5.1B	3.3B
Gross margin	8.68%	5.5%	8.42%	9.54%	7.22%	8.31%	6.76%	6.41%	8.51%	-18.7%	11.9%	6.88%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.7B	2.8B	2.4B	2.7B	2.5B	2.8B	2.4B	2.7B	2.7B	3B	2.8B	2.7B
Operating expenses	2.7B	2.8B	2.4B	2.7B	2.5B	2.8B	2.4B	2.7B	2.7B	3B	2.8B	2.7B
Operating income	1.1B	-245M	1.2B	1.9B	880M	1.2B	319M	511M	1.6B	-11.6B	2.3B	638M
Operating margin	2.58%	-0.53%	2.86%	3.94%	1.9%	2.55%	0.78%	1.02%	3.08%	-25.2%	5.38%	1.32%
Non-operating income, net	174M	-1.7B	269M	467M	-105M	979M	256M	-42M	209M	-3.2B	621M	-2.6B
Pretax income	1.4B	-1.9B	1.6B	2.4B	869M	2.3B	621M	541M	1.8B	-14.8B	2.9B	-2B
Income tax	214M	-1.3B	278M	605M	-27M	483M	148M	570M	-630M	-3.8B	361M	-711M
Net income	1.2B	-523M	1.3B	1.8B	896M	1.8B	473M	-29M	2.4B	-11.1B	2.6B	-1.3B
Net margin	2.68%	-1.14%	3.12%	3.83%	1.94%	3.8%	1.16%	-0.06%	4.84%	-24.1%	5.9%	-2.74%
EBITDA	3.3B	219M	3.4B	4.2B	2.6B	4.1B	2.3B	2.3B	3.6B	-4.9B	4.7B	-234M
EPS	0.3	—	0.33	0.46	0.22	—	0.12	-0.01	0.61	—	0.64	-0.33
Diluted EPS	0.3	—	0.33	0.46	0.22	—	0.12	-0.01	0.6	—	0.63	-0.33

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	48.2B	49.7B	30.2B	36.9B	34.9B	82.9B	46.7B	48.7B	39.4B	52.2B	49.4B
Enterprise value	152.3B	165.1B	150.5B	159B	148B	172.8B	143.1B	159.7B	161.9B	179.5B	191.9B
Shares outstanding	4B	4B	4B	4B	4B	4B	4B	4B	4B	4B	4B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	10.5	6.41	8.19	439.8	—	4.63	—	11.3	6.68	—	12
P/S	0.32	0.32	0.19	0.24	0.27	0.61	0.3	0.28	0.21	0.28	0.26
P/B	1.65	1.39	0.84	1.11	1.13	1.7	1.08	1.14	0.88	1.45	1.39
EV/EBITDA	9.35	9.2	10.9	18	19.3	9.55	11.5	13.3	11.3	54.5	25.1
EV/Sales	1	1.05	0.94	1.02	1.16	1.27	0.91	0.91	0.88	0.96	1.02
Earnings yield	9.55%	15.6%	12.2%	0.23%	—	21.6%	—	8.88%	15%	—	8.35%
FCF yield	26.7%	22.2%	23.9%	27.1%	53.1%	11.5%	-0.03%	13.7%	17.1%	23.9%	-16.1%
PEG	—	—	—	—	—	—	—	—	—	—	0

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	11%	10.5%	9.11%	7.53%	4.55%	12.1%	10.9%	9.17%	8.38%	0.9%	6.88%
Operating margin	3.81%	3.11%	2%	0.37%	-3.47%	3.32%	3.97%	3.1%	2.82%	-4.9%	1.88%
Net margin	3.03%	4.95%	2.3%	0.05%	-1%	13.1%	-1.36%	2.46%	3.19%	-4.36%	-3.94%
ROE	15.7%	21.7%	10.2%	0.25%	-4.14%	36.8%	-4.99%	10.1%	13.1%	-22.7%	-18.3%
ROA	1.93%	3%	1.44%	0.03%	-0.48%	6.97%	-0.84%	1.58%	2.07%	-2.82%	0.35%
ROIC	2.94%	3.07%	1.74%	0.37%	-3.06%	3.27%	4.5%	3.55%	2.54%	-5.62%	-4.19%
Return on tangible assets	1.94%	3.01%	1.45%	0.03%	-0.48%	7.1%	-0.86%	1.58%	2.07%	-2.82%	-2.58%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.2	1.23	1.2	1.16	1.2	1.2	1.2	1.2	1.16	1.07	1.09
Quick ratio	1.1	1.12	1.08	1.05	1.09	1.07	1.06	1.04	1.02	0.94	0.93
Debt / equity	4.88	4.32	4.28	4.72	5.29	2.87	3.25	3.53	3.59	4.61	4.57
Debt / assets	0.6	0.6	0.6	0.61	0.61	0.54	0.55	0.55	0.56	0.57	0.57
Net debt / EBITDA	6.39	6.43	8.67	13.9	14.7	4.97	7.78	9.23	8.58	38.7	41.2
Interest coverage	8.13	7.86	4.54	0.39	0.32	10.9	-1.35	4.01	7.37	-7.87	-7.35
Effective tax rate	32.2%	4.93%	15%	0%	0%	0%	0%	0%	18.5%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	38.2	39.4	40.6	39.2	32	34.2	39.4	44.1	46.5	47.1	47.2
EPS (basic)	1.16	1.91	0.93	0.01	-0.32	4.49	-0.49	1.09	1.48	-2.06	-2.06
EPS (diluted)	1.15	1.9	0.92	0.01	-0.32	4.45	-0.49	1.08	1.46	-2.06	-1.87
Book value per share	7.37	8.97	9.12	8.37	7.76	12.2	10.8	10.7	11.3	9.04	8.96
FCF per share	3.24	2.78	1.83	2.52	4.66	2.4	-0	1.67	1.69	3.13	1.83
Cash per share	9.77	9.78	8.59	8.72	12.6	12.4	11	10	9.64	9.67	5.55
Capex per share	—	—	—	—	—	—	—	—	—	2.22	2.42

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	4.71%	5.14%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	41.4%	57%
Payout ratio	73.4%	33.3%	78.6%	2.8K%	-46.7%	2.25%	-93.4%	115.4%	52.9%	-36.6%	64.1%
Dividend yield	7.01%	5.2%	9.6%	6.47%	1.71%	0.49%	4.3%	10.2%	7.92%	5.73%	4.85%

Yield

4.85%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.15

ex-dividend Aug 11, 2026

Payout ratio

64%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 11, 2026	$0.15
May 12, 2026	$0.15
Feb 13, 2026	$0.15

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$43.8B	$46B	$42.8B	$47.8B	$46.2B	$48.2B	$40.7B	$50.2B	$50.5B	$45.9B	$43.3B	$48.3B
YoY change	+11.2%	+4.46%	+3.14%	+6.35%	+5.47%	+4.89%	-4.95%	+4.97%	+9.39%	-4.81%	+6.38%	-3.76%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	38.8B	38.9B	34B	34.7B	50B	49.6B	44.1B	40.2B	38.3B	38.5B
Receivables	57.4B	62.8B	65.5B	62.9B	52.4B	43.9B	54.4B	62B	66.6B	64.5B
Inventory	8.9B	11.2B	11.2B	10.8B	10.8B	12.1B	14.1B	15.7B	15B	15.3B
Total current assets	108.5B	116.8B	114.6B	114B	116.7B	109B	116.5B	121.5B	124.5B	123.5B
Property, plant & equipment	50.6B	52.5B	53.8B	53.8B	52.5B	51.1B	48.1B	49.6B	51B	50.5B
Goodwill & intangibles	496M	576M	884M	932M	804M	4.8B	4.7B	—	—	—
Total assets	238B	258.5B	256.5B	258.5B	267.3B	257B	255.9B	273.3B	285.2B	289.2B
Accounts payable	21.3B	23.3B	21.5B	20.7B	22.2B	22.3B	25.6B	26B	24.1B	25.8B
Short-term debt	49.7B	51.6B	53.5B	54.3B	51.7B	50B	50.6B	50.1B	55.5B	57.9B
Total current liabilities	90.3B	94.6B	95.6B	98.1B	97.2B	90.7B	96.9B	101.5B	106.9B	114.9B
Long-term debt	93.3B	102.7B	100.7B	102.4B	111.3B	89.4B	89.9B	101B	105.4B	107.9B
Total liabilities	208.7B	222.8B	220.5B	225.3B	236.4B	208.4B	212.7B	230.5B	240.3B	253.2B
Shareholders' equity	29.3B	35.7B	36.1B	33.2B	30.8B	48.6B	43.2B	42.8B	44.9B	36B
Total debt	143B	154.3B	154.2B	156.7B	163B	139.5B	140.5B	151.1B	160.9B	165.7B
Net debt	127.1B	135.8B	137.5B	139.2B	137.8B	118.9B	115.3B	126.2B	137.9B	142.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	42.2B	38.5B	30.5B	31.3B
Receivables	—	—	—	—	—	—	—	—	67.4B	64.5B	63.4B	63.3B
Inventory	—	—	—	—	—	—	—	—	16.5B	15.3B	16.5B	16.9B
Total current assets	—	—	—	—	—	—	—	—	130.7B	123.5B	116.3B	117.5B
Property, plant & equipment	—	—	—	—	—	—	—	—	71.8B	50.5B	67.1B	69.2B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	—	—	—	—	—	—	301B	289.2B	282.4B	285.5B
Accounts payable	—	—	—	—	—	—	—	—	27.9B	25.8B	26B	27B
Short-term debt	—	—	—	—	—	—	—	—	58.2B	57.9B	51.4B	51.9B
Total current liabilities	—	—	—	—	—	—	—	—	116.6B	114.9B	106.7B	107.9B
Long-term debt	95.4B	101B	101.1B	101.8B	105.3B	105.4B	102.8B	102.8B	106.2B	107.9B	108.2B	111.4B
Total liabilities	—	—	—	—	—	—	—	—	253.6B	253.2B	244.9B	249.8B
Shareholders' equity	—	—	—	—	—	—	—	—	47.4B	36B	37.5B	35.8B
Total debt	95.4B	101B	101.1B	101.8B	105.3B	105.4B	102.8B	102.8B	164.4B	165.7B	159.5B	163.3B
Net debt	—	—	—	—	—	—	—	—	137.6B	142.4B	141.9B	144.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	4.6B	7.8B	3.7B	84M	-1.3B	17.9B	-2.2B	4.3B	5.9B	-8.2B
Depreciation & amortization	8.7B	8.6B	8.4B	8.5B	7.5B	6B	6.5B	6.5B	5.9B	14.1B
Stock-based compensation	210M	246M	191M	228M	199M	305M	336M	460M	511M	510M
Change in working capital	-5.1B	-4.1B	1.3B	6.2B	19B	4.7B	-14.3B	-8.7B	-6.8B	2.7B
Operating cash flow	9.9B	12.2B	13.4B	13.8B	26.3B	28.1B	-11.2B	1.7B	6.3B	21.3B
Capital expenditure	—	—	—	—	—	—	—	—	—	-8.8B
Investing cash flow	-18.3B	-12.3B	-8.5B	-6.1B	-12.9B	9B	2.5B	-9.4B	-15.7B	-18B
Dividends paid	-3.4B	-2.6B	-2.9B	-2.4B	-596M	-403M	-2B	-5B	-3.1B	-3B
Share repurchases	-145M	-131M	-164M	-237M	0	0	-484M	-335M	-426M	0
Financing cash flow	7.4B	3.4B	-122M	-3.1B	2.3B	-23.5B	2.5B	2.6B	7.5B	-3.2B
Net change in cash	-960M	3.3B	4.8B	4.5B	15.8B	13.6B	-6.1B	-5.1B	-1.9B	28M
Free cash flow	12.9B	11B	7.2B	10B	18.5B	9.6B	-13M	6.7B	6.7B	12.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.2B	-523M	1.3B	1.8B	896M	1.8B	473M	-29M	2.4B	-11.1B	2.6B	-1.3B
Depreciation & amortization	1.6B	1.7B	1.5B	1.5B	1.4B	1.4B	1.4B	1.4B	1.5B	9.8B	1.4B	1.4B
Stock-based compensation	112M	110M	126M	149M	129M	107M	121M	154M	134M	101M	110M	101M
Change in working capital	-1.8B	-238M	-5.1B	-232M	-1.8B	354M	-1.5B	-505M	272M	4.5B	-1.7B	-23M
Operating cash flow	1.2B	-188M	-2.1B	3.2B	733M	4.5B	412M	1.5B	7.4B	3.9B	1.3B	4.3B
Capital expenditure	—	—	—	—	—	—	—	—	-2.1B	-2.8B	-2.4B	-2.4B
Investing cash flow	-1.9B	-5.1B	-3.8B	-3.9B	-3.6B	-4.4B	2B	-1.1B	-7.4B	-7.7B	-771M	-3.2B
Dividends paid	-600M	-601M	-1.3B	-599M	-597M	-596M	-1.2B	-597M	-597M	-599M	-607M	-599M
Share repurchases	0	-335M	0	-244M	-32M	-150M	0	0	0	0	-311M	0
Financing cash flow	-338M	3.4B	-458M	842M	3.3B	3.8B	-6.1B	-1.3B	3.9B	353M	-6.2B	-198M
Net change in cash	-1B	-1.9B	-6.3B	53M	448M	3.9B	-3.7B	-920M	3.9B	-3.4B	-5.6B	900M
Free cash flow	2.4B	197M	-709M	3.4B	3.5B	530M	1.9B	4.2B	5.3B	1.1B	-1.1B	2B

Date	Ratio
Aug 3, 2000	1748175:1000000
Jun 29, 2000	10000:9607
Apr 8, 1998	10000:6641
Jul 6, 1994	2:1
Jan 13, 1988	2:1
Jun 3, 1986	3:2
Dec 2, 1983	3:2
Jun 27, 1977	5:4

Ford Motor Co. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history