Saturday 17 October 2026
Export RACE’s income statement to Excel — free account
Ferrari N.V.
RACE Consumer Cyclical Auto Manufacturers
Ferrari N.V.’s revenue for fiscal 2025 (year ended December 2025) was $8.1 billion, up 11.9% from fiscal 2024. In the quarter to June 2026, revenue grew 11.0%, EPS grew 13.0%, free cash flow was flat and total debt rose 2.67%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three.
396.60
1.64
−0.41%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
25.30 | 32.76 | 20.34 | 39.79 | 60.08 | 48.56 | 39.88 | 45.09 | 46.43 | 36.55 |
Piotroski F-Score |
7 | 8 | 8 | 5 | 5 | 8 | 6 | 8 | 7 | 8 |
Altman Z-Score |
3.50 | 5.25 | 4.82 | 6.23 | 6.75 | 7.22 | 6.41 | 9.19 | 9.50 | 8.63 |
P/S ratio |
3.24 | 5.14 | 4.64 | 7.33 | 10.73 | 9.45 | 7.34 | 9.47 | 10.57 | 8.14 |
P/FCF ratio |
15.10 | 63.91 | 53.45 | 45.63 | 285.23 | 73.37 | 62.36 | 66.51 | 75.11 | 41.37 |
Altman Z″-Score (non-manufacturers) |
3.49 | 4.38 | 4.89 | 4.71 | 4.55 | 4.94 | 5.17 | 5.63 | 5.96 | 6.20 |
Beneish M-Score |
(3.31) | (2.65) | (2.34) | (3.01) | (2.73) | (2.53) | (2.65) | (2.64) | (2.59) | (2.77) |
P/Operating CF |
23.22 | 130.35 | 48.94 | 75.82 | 92.58 | 112.49 | 78.84 | 108.57 | 149.55 | 126.90 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 88 |
P/B ratio |
30.51 | 22.42 | 11.73 | 18.56 | 20.75 | 18.25 | 14.36 | 18.42 | 19.92 | 14.86 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 1,501.37 | 140.08 | 73.29 | 65.32 | 58.21 | 39.02 |
EV/Sales |
3.68 | 5.48 | 4.97 | 7.64 | 11.11 | 9.75 | 7.60 | 9.69 | 10.81 | 8.33 |
EV/EBITDA |
13.57 | 18.07 | 15.25 | 22.68 | 33.65 | 27.18 | 21.83 | 25.37 | 28.25 | 21.47 |
EV/Operating CF |
11.38 | 28.24 | 18.20 | 22.04 | 45.88 | 32.45 | 27.58 | 33.69 | 37.45 | 25.34 |
EV/FCF |
17.17 | 68.06 | 57.23 | 47.58 | 295.39 | 75.68 | 64.59 | 68.03 | 76.80 | 42.32 |
Quick Ratio |
2.30 | 2.58 | 3.06 | 2.96 | 3.48 | 2.97 | 3.25 | 2.85 | 3.86 | 4.20 |
Current Ratio |
2.88 | 3.27 | 3.75 | 3.68 | 4.22 | 3.69 | 4.11 | 3.91 | 5.10 | 5.70 |
Net Debt/EBITDA |
1.63 | 1.10 | 1.01 | 0.93 | 1.16 | 0.83 | 0.75 | 0.57 | 0.62 | 0.48 |
Debt/Assets |
48.01% | 43.62% | 39.72% | 38.37% | 43.51% | 38.32% | 36.21% | 30.77% | 35.29% | 29.96% |
Debt/Equity |
5.60 | 2.30 | 1.42 | 1.41 | 1.52 | 1.19 | 1.08 | 0.81 | 0.95 | 0.74 |
Asset Turnover |
0.80 | 0.86 | 0.78 | 0.71 | 0.60 | 0.66 | 0.66 | 0.76 | 0.76 | 0.76 |
Operating CF/Net income |
2.52 | 1.24 | 1.19 | 1.88 | 1.38 | 1.54 | 1.50 | 1.37 | 1.27 | 1.47 |
Capex/Depreciation |
(1.37) | (1.49) | (2.21) | (1.99) | (1.66) | (1.61) | (1.47) | (1.31) | (1.48) | (1.42) |
| 256.99% | 96.74% | 74.58% | 47.74% | 37.43% | 42.18% | 36.68% | 44.68% | 46.02% | 43.73% | |
| 10.31% | 13.54% | 17.80% | 13.18% | 10.48% | 12.87% | 12.05% | 16.04% | 17.34% | 17.07% | |
ROIC |
21.83% | 25.15% | 20.85% | 21.49% | 14.38% | 19.29% | 19.48% | 23.16% | 23.01% | 25.10% |
Return on Tangible Assets |
20.98% | 24.85% | 29.43% | 23.25% | 17.01% | 21.83% | 20.96% | 27.57% | 25.95% | 26.46% |
Average Days of Receivables |
121.74 | 104.52 | 129.99 | 118.12 | 119.88 | 114.80 | 118.09 | 105.41 | 110.80 | 102.44 |
Research and Development Expense of Revenue |
19.76% | 19.23% | 18.80% | 18.56% | 20.45% | 17.98% | 15.22% | 14.77% | 13.39% | 12.86% |
Selling, General and Administrative Expense of Revenue |
9.51% | 9.63% | 9.57% | 9.11% | 9.72% | 8.15% | 8.40% | 7.75% | 8.40% | 8.99% |
Intangible Assets out of Total Assets |
0.30 | 0.30 | 0.29 | 0.30 | 0.28 | 0.28 | 0.27 | 0.27 | 0.25 | 0.25 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.16) | (0.07) | (0.06) | (0.05) | (0.04) | (0.03) | (0.03) | (0.02) | (0.01) | (0.02) |
Graham Number |
10.06 | 18.40 | 30.54 | 28.89 | 30.83 | 41.24 | 42.69 | 55.59 | 66.27 | 75.21 |
Earnings Yield |
3.95% | 3.05% | 4.92% | 2.51% | 1.66% | 2.06% | 2.51% | 2.22% | 2.15% | 2.74% |
Free Cash Flow Yield |
6.62% | 1.56% | 1.87% | 2.19% | 0.35% | 1.36% | 1.60% | 1.50% | 1.33% | 2.42% |
Revenue per Share |
18.19 | 20.44 | 21.42 | 22.59 | 21.39 | 27.40 | 29.36 | 35.66 | 40.20 | 45.39 |
Operating CF per Share |
5.89 | 3.96 | 5.85 | 7.83 | 5.18 | 8.23 | 8.09 | 10.25 | 11.60 | 14.92 |
Capex per Share |
(1.99) | (2.32) | (3.99) | (4.20) | (4.38) | (4.70) | (4.63) | (5.17) | (5.94) | (5.99) |
Free Cash Flow per Share |
3.90 | 1.65 | 1.86 | 3.63 | 0.80 | 3.53 | 3.45 | 5.08 | 5.66 | 8.93 |
Cash per Share |
2.78 | 3.97 | 5.03 | 5.45 | 8.67 | 8.71 | 8.51 | 7.07 | 10.64 | 9.82 |
Shareholders Equity per Share |
1.93 | 4.69 | 8.48 | 8.92 | 11.06 | 14.18 | 15.00 | 18.34 | 21.33 | 24.87 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
1.93 | 4.69 | 8.48 | 8.92 | 11.06 | 14.18 | 15.00 | 18.34 | 21.33 | 24.87 |
Free Cash Flow |
737.26 | 310.89 | 350.87 | 677.62 | 148.71 | 650.69 | 631.42 | 920.16 | 1,016.68 | 1,591.34 |
Working Capital |
1,362.19 | 1,632.62 | 2,144.63 | 2,153.26 | 2,680.04 | 2,902.12 | 3,151.30 | 3,210.29 | 4,367.76 | 4,500.90 |
Capital Expenditures |
(375.20) | (438.27) | (752.23) | (785.20) | (808.78) | (866.90) | (847.14) | (937.76) | (1,068.15) | (1,066.67) |
Net Current Asset Value |
(1,806.29) | (1,442.37) | (1,205.29) | (1,476.03) | (1,595.75) | (1,524.27) | (1,275.72) | (1,076.55) | (1,010.69) | (1,006.08) |
EV/EBIT |
19.22 | 24.14 | 20.57 | 31.38 | 53.70 | 38.70 | 31.54 | 35.76 | 38.22 | 28.21 |
Capex to Sales |
0.11 | 0.11 | 0.19 | 0.19 | 0.20 | 0.17 | 0.16 | 0.15 | 0.15 | 0.13 |
Price to Operating Income |
16.91 | 22.67 | 19.21 | 30.09 | 51.85 | 37.52 | 30.45 | 34.96 | 37.38 | 27.58 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.37 | 0.37 | 0.34 | 0.33 | 0.35 | 0.34 | 0.37 | 0.42 | 0.36 | 0.32 |
Cash ROIC |
25.12% | 8.45% | 7.27% | 13.49% | 2.20% | 8.87% | 8.70% | 12.63% | 10.85% | 16.86% |
Accounts Receivable Turnover |
2.60 | 3.43 | 3.17 | 3.01 | 2.97 | 3.50 | 3.23 | 3.59 | 3.56 | 3.62 |
Accounts Payable Turnover |
2.81 | 2.73 | 2.63 | 2.58 | 2.39 | 2.80 | 2.95 | 3.31 | 3.55 | 3.96 |
Inventory Turnover |
5.09 | 4.64 | 4.23 | 4.34 | 3.87 | 4.22 | 4.13 | 3.73 | 3.27 | 3.21 |
Average Days of Payables |
142.07 | 134.32 | 147.03 | 143.86 | 154.50 | 139.96 | 124.42 | 113.37 | 103.67 | 88.93 |
Days of Inventory on Hand |
74.86 | 87.06 | 87.95 | 84.93 | 99.70 | 94.83 | 92.96 | 115.56 | 119.30 | 117.75 |
Average Receivables |
1,321.09 | 1,126.02 | 1,272.29 | 1,401.93 | 1,331.62 | 1,443.61 | 1,663.03 | 1,801.44 | 2,029.59 | 2,231.04 |
Average Payables |
621.98 | 683.55 | 729.37 | 784.50 | 806.15 | 879.65 | 947.64 | 979.26 | 1,015.22 | 987.55 |
Average Inventory |
343.29 | 401.80 | 453.46 | 466.15 | 498.31 | 582.86 | 675.19 | 868.70 | 1,102.06 | 1,218.90 |
Average Assets |
4,281.61 | 4,470.33 | 5,205.29 | 5,914.92 | 6,626.54 | 7,636.67 | 8,151.14 | 8,448.00 | 9,495.40 | 10,585.19 |
Average Common Equity |
171.71 | 625.52 | 1,242.48 | 1,632.32 | 1,854.79 | 2,330.07 | 2,679.15 | 3,032.66 | 3,578.74 | 4,131.64 |
Columns are period end dates