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Ford Motor Company

F Consumer Cyclical Auto Manufacturers

Ford Motor Company’s revenue for fiscal 2025 (year ended December 2025) was $187.3 billion, up 1.23% from fiscal 2024.

Revenue
−1.99%
EPS
−15.8%
Free cash flow
−40.5%
Total debt
+0.71%

Quarter to September 2026, against a year earlier

12.54 0.13 −1.03%
Market cap
$50.0B
P/E
0.0×
Fwd P/E
13.6×
Dividend yield
4.78%
F-score
3/9
Altman Z
0.81
Beneish M
−2.34
Dividend safety
33/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2024

  • Ford Blue
  • Ford Pro
  • Ford Credit
  • Ford Model e

Every year since 2012 →

Insider Decisions last twelve months

Bought, $m 2.08
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — 1 — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 2.26%

Capital & Financial Ratios $m

Size
Market Cap 50,040.00
Revenue ttm 186,965.00
Net income ttm (7,776.00)
Free cash flow ttm 5,145.00
Net debt Q 128,975.00
Valuation
P/E 0.00
Forward P/E 13.60
Price / sales 0.27
Forward P/S Powerpack
Price / FCF 9.72
Price / book 1.35
Financial health
Current ratio Q 1.08
Debt / equity Q 4.41 (above 2: weak)
Interest coverage Q 3.78
Growth
Revenue growth Q −1.99% (below 0%: shrinking)
Operating income growth Q −6.68% (below 0%: shrinking)
EPS, this year +73.69% (at or above 15%: strong)
EPS, next year A −1.23% (below 0%: weak)
Revenue, next year A −6.18% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +24.73% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.0×, against a ten-year median of 1.0×; over the ten years it ranged from 0.8× in 2023 to 1.3× in 2021.
P/S against its own 10 years 38.39%
10-year low 10-year high
P/B against its own 10 years 63.81%
10-year low 10-year high
EV/Sales against its own 10 years 38.43%
10-year low 10-year high
EV/FCF against its own 10 years 92.87%
10-year low 10-year high

Dividends

Yield
4.78%
Annual rate
0.60
Payout ratio
—
Growth, 2018–26
0.00%/yr
  1. 0.60 ’18
  2. 0.60 ’19 +0
  3. 0.15 ’20 −75
  4. 0.10 ’21 −33
  5. 0.50 ’22 +400
  6. 0.45 ’23 −10
  7. 0.60 ’24 +33
  8. 0.60 ’25 +0
  9. 0.60 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 40,171 38,348 38,487 34,107
Receivables 15,601 14,723 15,398 19,456
Inventory 15,651 14,951 15,285 16,232
Other 3,633 4,602 5,187 5,319
121,481 124,474 123,487 121,277
2023 2024 2025 Q'26
Payables 25,992 24,128 25,809 27,997
ST’ Debt 49,669 54,949 57,302 53,313
Other 25,870 27,782 31,779 30,657
101,531 106,859 114,890 111,967

Compound Annual Growth %

10y 5y 3y
Sales 2.27% 8.05% 5.82%
Cash Flow 2.75% (2.59%) 45.90%
Earnings 0.00% 0.00% 0.00%
Book Value 2.30% 3.15% (5.89%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.39 Actual 0.49

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.17 0.13 Miss by 0.04
Q1 FY26 0.20 0.66 Beat by 0.46
Q2 FY26 0.33 0.42 Beat by 0.09
Q3 FY26 0.39 0.49 Beat by 0.10
Q4 FY26 0.38 — Reports 9 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.63 (0.33) 0.50 — —
’25 0.12 (0.01) 0.60 (2.77) (2.06)
’24 0.33 0.46 0.22 0.45 1.46
’23 0.44 0.47 0.30 (0.13) 1.08
’22 (0.78) 0.16 (0.21) 0.32 (0.49)
’21 0.81 0.14 0.45 3.03 4.45
’20 (0.50) 0.28 0.60 (0.70) (0.32)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 43,253 48,296 49,526 — —
’25 40,659 50,184 50,534 45,890 187,267
’24 42,777 47,808 46,196 48,211 184,992
’23 41,474 44,954 43,801 45,962 176,191
’22 34,476 40,190 39,392 43,999 158,057
’21 36,228 26,752 35,683 37,678 136,341
’20 34,320 19,371 37,501 35,952 127,144
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,316 4,345 5,427 — —
’25 3,679 6,317 7,402 3,884 21,282
’24 1,385 5,508 5,502 3,028 15,423
’23 2,800 5,035 4,591 2,492 14,918
’22 (1,084) 2,947 3,812 1,178 6,853
’21 4,492 756 7,008 3,531 15,787
’20 (473) 9,115 11,088 4,539 24,269
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1,060) 1,963 3,142 — —
’25 1,861 4,229 5,277 1,100 12,467
’24 (709) 3,408 3,510 530 6,739
’23 1,020 3,086 2,379 197 6,682
’22 (2,454) 1,248 2,080 (887) (13)
’21 3,124 (757) 5,434 1,759 9,560
’20 (2,253) 7,940 9,832 3,008 18,527
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 14.2% a year for ten years. It grew −1.8% a year over the last ten.

Implied
14.2%
10 years, reported
−1.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 151,800 156,776 160,338 155,900 127,144 136,341 158,057 176,191 184,992 187,267 186,965 +2.4% 175,688 179,597 184,069 (0.6%)
Gross margin, % 16.87 16.24 15.01 13.60 11.32 15.91 14.97 14.55 14.36 6.84 8.38 (10.0) pt
EBT 6,784 8,159 4,345 (640) (1,116) 17,780 (3,016) 3,967 7,233 (11,830) (11,785) n/m
EBT margin, % 4.47 5.20 2.71 (0.41) (0.88) 13.04 (1.91) 2.25 3.91 (6.32) (6.30) (10.8) pt
Net income 4,600 7,757 3,695 84 (1,276) 17,910 (2,152) 4,329 5,894 (8,162) (7,776) n/m
Per share, $
Per share, $ Revenue 38.21 39.44 40.35 39.25 32.00 34.16 39.38 44.07 46.50 47.06 46.86 +2.3%
Earnings 1.16 1.91 0.93 0.01 (0.32) 4.49 (0.49) 1.09 1.48 (2.06) (1.95) n/m
Cash flow 5.00 4.55 3.78 4.44 6.11 3.96 1.71 3.73 3.88 5.35 3.75 +0.8%
Capex (1.76) (1.77) (1.96) (1.92) (1.45) (1.56) (1.71) (2.06) (2.18) (2.22) (2.46) +2.6%
Free cash flow 3.24 2.78 1.82 2.52 4.66 2.40 0.00 1.67 1.69 3.13 1.29 (0.4%)
Book value 7.35 8.96 9.05 8.37 7.76 12.18 10.75 10.70 11.28 9.04 9.26 +2.3%
Shares, m 3,973 3,975 3,974 3,972 3,973 3,991 4,014 3,998 3,978 3,979 3,987 0.0%
Valuation, ×
Valuation, × P/E 10.85 6.63 8.23 465.00 0.00 4.63 0.00 11.16 6.78 0.00 0.00 51.3
P/S 0.33 0.32 0.19 0.24 0.27 0.61 0.30 0.28 0.21 0.28 0.27 0.3
P/B 1.71 1.41 0.85 1.11 1.13 1.70 1.09 1.14 0.88 1.45 1.35 1.2
EV/Sales 1.02 1.06 0.94 1.01 1.15 1.26 0.90 0.89 0.86 0.95 0.96 1.0
EV/FCF 11.99 15.00 20.82 15.75 7.92 17.93 (10,906.35) 23.60 23.68 14.20 34.79 (1,075.5)
Cash, $m
Cash, $m Operating cash flow 19,850 18,096 15,022 17,639 24,269 15,787 6,853 14,918 15,423 21,282 14,972 +0.8%
Capex (6,992) (7,049) (7,785) (7,632) (5,742) (6,227) (6,866) (8,236) (8,684) (8,815) (9,827) +2.6%
Free cash flow 12,858 11,047 7,237 10,007 18,527 9,560 (13) 6,682 6,739 12,467 5,145 (0.3%)
Balance, $m
Balance, $m Working capital 18,180 22,201 19,080 15,915 19,552 18,269 19,610 19,950 17,615 8,597 9,310 (8.0%)
Net debt 104,143 115,360 120,262 120,656 111,723 88,499 94,899 109,060 120,174 124,849 128,975 +2.0%
Shareholders’ equity 29,187 35,606 35,966 33,230 30,811 48,622 43,167 42,798 44,858 35,980 36,960 +2.4%
Returns, %
Returns, % ROA 1.98 3.11 1.43 0.02 (0.49) 6.84 (0.77) 1.64 2.11 (2.85) (2.63) (4.8) pt
ROIC 2.71 2.02 1.28 0.23 (1.93) 2.06 2.84 2.25 1.98 (3.56) (2.69) (6.3) pt
ROE 15.87 23.86 10.27 0.14 (3.99) 45.16 (4.32) 10.11 13.41 (20.24) (18.47) (36.1) pt
People
People Employees 201,000 202,000 199,000 190,000 186,000 183,000 173,000 177,000 171,000 169,000 — (1.9%)
Revenue/emp, $m 0.76 0.78 0.81 0.82 0.68 0.75 0.91 1.00 1.08 1.11 — +4.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Ford Motor Company designs, manufactures and sells vehicles under the Ford and Lincoln brands. Its range includes internal combustion, hybrid and electric vehicles, from cars and utility vehicles to pickups and commercial vans. It also sells replacement parts, accessories and services that help customers use and maintain their vehicles.

The company serves individual drivers as well as businesses, government agencies and rental companies. Most vehicles reach customers through independently owned dealerships. Ford also provides financing and leasing for vehicle buyers and loans that help dealers purchase inventory.

Where the money comes from and where it goes Fiscal 2024

Fiscal 2024: revenue by segment, and margins
Ford Blue 101,935 55.10%
Ford Pro 66,906 36.17%
Ford Credit 12,286 6.64%
Ford Model e 3,858 2.09%
Gross margin 14.36%
Operating margin 2.82%
Pre-tax margin 3.91%

Revenue by segment since 2012

Ford Motor Company vs peers in Auto Manufacturers (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TM Toyota Motor Corporation $258.3B 9.4× 9.8× +4.07% (above 0%: growing) +11.16% (above 0%: growing) −702.74% (below 0%: shrinking) 18.03% 7.86% Compare
GM General Motors Company $75.4B 19.8× 8.1× +2.93% (above 0%: growing) +176.64% (above 0%: growing) −0.06% (below 0%: shrinking) 11.25% 7.19% Compare
RACE Ferrari N.V. $67.3B 38.2× 36.0× +5.72% (above 0%: growing) +12.78% (above 0%: growing) +29.99% (above 0%: growing) 52.41% 29.70% Compare
F Ford Motor Company $50.0B — (loss-making) 13.6× −1.99% (below 0%: shrinking) −15.82% (below 0%: shrinking) −40.46% (below 0%: shrinking) 14.90% 2.94%
HMC Honda Motor Co., Ltd. $47.1B 6.4× 11.4× +4.19% (above 0%: growing) +105.66% (above 0%: growing) +20.08% (above 0%: growing) 22.24% 8.76% Compare
RIVN Rivian Automotive, Inc. $19.4B — (loss-making) — (loss-making) +38.32% (above 0%: growing) n/m −166.98% (below 0%: shrinking) 8.17% (40.88%) Compare
STLA Stellantis N.V. $12.9B 1.2× 10.0× −55.57% (below 0%: shrinking) n/m −45.33% (below 0%: shrinking) 9.10% (0.55%) Compare
LI Li Auto Inc. Sponsored ADR $10.2B — (loss-making) — (loss-making) −10.40% (below 0%: shrinking) n/m +291.23% (above 0%: growing) 11.05% (8.96%) Compare
NIO NIO Inc. $7.6B — (loss-making) — (loss-making) +78.50% (above 0%: growing) n/m +38.68% (above 0%: growing) 18.38% (1.08%) Compare
Median of peers $33.2B 9.4× 10.0× +4.13% +59.22% +10.01% 14.64% 3.32%

All 28 Auto Manufacturers stocks →

From the latest earnings call

Updated

  • CEO James Farley said Ford is expanding software, services and parts while investing in its electric-vehicle platform and Ford Energy.
  • CFO Sherry House said Ford expects higher Model e expenses next year before its electric-vehicle platform and energy business begin contributing revenue.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Goldman Sachs Oct 31, 2026 Target cut — 14.00 → 12.00
Morgan Stanley Oct 31, 2026 Target cut — 14.00 → 13.00
RBC Oct 31, 2026 Target cut — 15.00 → 14.00
JPMorgan Oct 13, 2026 Target cut — 17.00 → 16.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 66.63%
Held by the ten largest 41.50%
Holder Shares Stake Change
Vanguard 479.03m 12.23% +3.55m
BlackRock 334.47m 8.54% +3.73m
State Street 194.04m 4.95% +1.49m
Charles Schwab 137.03m 3.50% +12.36m
Newport Trust Company, LLC 131.11m 3.35% −8.19m
Geode Capital Management 121.01m 3.09% −19.17k
Bank of America 72.42m 1.85% +55.10m
Morgan Stanley 53.08m 1.36% +8.10m
Norges Bank 51.71m 1.32% +51.71m
BNY 51.60m 1.32% +10.36m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 27 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 27.52m 49.21m 197.00
2024 24.86m 14.22m 138.00
2023 26.47m 29.36m 159.00
2022 21.00m (14.88m) 137.00
2021 22.81m 73.77m 237.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Ford Motor Company (F) Latest News

5 Nov

Impact 3 · · 24/7 Wall St.
Impact 3 · · Trefis
Impact 3 · · Zacks

4 Nov

Impact 3 · · The Motley Fool

3 Nov

Impact 3 · · Stocktwits
Impact 3 · · Trefis
Impact 3 · · Zacks
Impact 3 · · TIKR

2 Nov

Impact 3 · · StockStory

31 Oct

Impact 3 · · TIKR

30 Oct

Impact 3 · · Investing.com

29 Oct

Impact 4 · · Benzinga transcript
Impact 4 · · TIKR
Impact 4 · · MT Newswires
Impact 4 · · roadandtrack.com
Impact 4 · · Zacks transcript
Impact 4 · · The Motley Fool
Impact 4 · · InvestorsHub earnings
Impact 4 · · just-auto.com
Impact 4 · · The Motley Fool transcript
Impact 4 · · Benzinga earnings
Impact 4 · · MarketBeat
Impact 3 · · 24/7 Wall St.
Impact 3 ·
Impact 3 · · Zacks
Impact 3 · · The Motley Fool
Impact 3 · · Moby
Impact 3 · · Trefis

28 Oct

Impact 3 · · StockStory
Impact 3 · · Zacks

F metrics, ten years each

stockrow.com/F · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com