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.

Revenue
+5.72%
EPS
+12.8%
Free cash flow
+30.0%
Total debt
+7.09%

Quarter to September 2026, against a year earlier

424.09 8.36 −1.93%
Market cap
$67.3B
P/E
38.2×
Fwd P/E
36.0×
Dividend yield
1.00%
F-score
8/9
Altman Z
8.63
Beneish M
−2.77
Dividend safety
88/100

Ferrari N.V. (RACE) Gross margin

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Ferrari N.V.'s gross margin over the twelve months to 30 September 2026 was 52.2%, up 0.5 percentage points from fiscal 2025 (51.7%). Over the past ten years it has ranged from 47.5% (fiscal 2015) to 52.6% (fiscal 2018); the current reading is higher than 73% of that period. That is above the Auto Manufacturers industry median of 13.7% and above the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 51.7% 1.55
FY2024 50.1% 0.31
FY2023 49.8% 1.81
FY2022 48.0% (3.27)
FY2021 51.3% 0.02
FY2020 51.3% (0.81)
FY2019 52.1% (0.48)
FY2018 52.6% 0.86
FY2017 51.7% 2.56
FY2016 49.1% 1.64

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 52.4% (0.18)
Jun 2026 52.6% 0.76
Mar 2026 51.8% (0.13)
Dec 2025 52.0% 1.91
43 more quarters

Against its own ten years

Low 47.5% High 52.6%
Ten-year median 51.3%
Current reading's percentile 91

Gross margin against peers

Company Gross margin
RACE Ferrari N.V. 52.2%
HMC Honda Motor Co., Ltd. compare 21.4%
TM Toyota Motor Corporation compare 19.1%
NIO NIO Inc. compare 17.4%
STLA Stellantis N.V. compare 15.5%
LI Li Auto Inc. Sponsored ADR compare 13.7%
RIVN Rivian Automotive, Inc. compare 9.17%
F Ford Motor Company compare 8.38%
GM General Motors Company compare 7.04%
Auto Manufacturers industry median 13.7%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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