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