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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Market cap: $63.4B
P/E: 36.8×
Fwd P/E: 31.3×
Dividend yield: 1.07%
F-score: 8/9
Altman Z: 8.63
Beneish M: −2.77
Dividend safety: 88/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 39.50%

Capital & Financial Ratios $m

Market Cap 63,430.00

Revenue 8,584.97

Net Income 1,878.06

Free Cash Flow 1,650.56

Net Debt 1,926.47

Current Ratio 4.85

Debt/Equity 0.86

P/E ratio 36.82

Fwd P/E 31.30

P/S ratio 8.14

P/B ratio 16.40

Past 5Y EPS Growth 21.99%

This Y EPS Growth 5.53%

Next Y EPS Growth 12.07%

Next Y revenue growth 6.15%

Next 5Y EPS Growth 8.96%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 39.07%

10-year low 10-year high

P/S against its own 10 years 56.40%

10-year low 10-year high

P/B against its own 10 years 25.07%

10-year low 10-year high

EV/Sales against its own 10 years 55.99%

10-year low 10-year high

EV/FCF against its own 10 years 23.81%

10-year low 10-year high

Dividends

Payout Ratio 0.40

Annual Dividend Rate 4.26

Annual Dividend Yield 1.07%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	4.26	4.26
2025	3.38	3.38
2024	2.60	2.60
2023	1.99	1.99
2022	1.47	1.47
2021	1.04	1.04
2020	1.23	1.23
2019	1.16	1.16
2018	0.87	0.87
2017	0.69	0.69
2016	0.52	0.52

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,280	1,912	1,749	1,754
Receivables	1,866	2,193	2,269	2,650
Inventory	1,027	1,178	1,260	1,442
Other	141	149	180	219
	4,314	5,432	5,458	6,065

	2023	2024	2025	Q'26
Payables	1,007	1,023	952	1,152
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,104	1,064	957	1,250

Compound Annual Growth %

	10y	5y	3y
Sales	9.82%	15.39%	14.62%
Cash Flow	12.97%	22.65%	21.59%
Earnings	18.91%	21.08%	22.51%
Book Value	0.00%	16.73%	17.33%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,163	2,253	—	—	—
’25	1,887	2,029	2,064	2,104	8,085
’24	1,720	1,844	1,808	1,852	7,225
’23	1,534	1,607	1,681	1,640	6,461
’22	1,331	1,374	1,259	1,404	5,368
’21	1,219	1,246	1,242	1,345	5,053
’20	1,028	629	1,038	1,257	3,952

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,011	501	—	—	—
’25	892	517	730	519	2,658
’24	548	336	691	511	2,085
’23	422	328	544	564	1,858
’22	463	142	374	499	1,479
’21	330	299	463	424	1,518
’20	290	(74)	283	458	957

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	715	229	—	—	—
’25	656	228	445	262	1,591
’24	337	48	406	225	1,017
’23	263	109	323	225	920
’22	317	(28)	191	151	631
’21	150	100	247	154	651
’20	99	(220)	78	192	149

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.73	3.05	—	—	—
’25	2.42	2.70	2.50	2.49	10.13
’24	2.12	2.46	2.29	2.28	9.16
’23	1.74	1.99	1.98	1.74	7.47
’22	1.45	1.45	1.24	1.24	5.36
’21	1.34	1.34	1.31	1.33	5.32
’20	0.99	0.04	1.08	1.68	3.75

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	31.66	57.56	93.85	96.62	127.73	183.82	167.45	213.97	330.16	356.93	Analyst estimates 2026–2028 Powerpack
	High	58.86	121.14	149.85	172.89	233.66	278.78	271.95	372.42	498.23	519.10
People
People	Employees	3,248	3,380	3,851	4,285	4,556	4,609	4,919	4,988	5,435	5,718
	Revenue/emp, $m	1.06	1.14	1.05	0.98	0.87	1.10	1.09	1.30	1.33	1.41
Income, $m
Income, $m	Revenue	3,436	3,862	4,039	4,219	3,952	5,053	5,368	6,461	7,225	8,085
	Gross margin, %	49.13	51.69	52.55	52.07	51.26	51.28	48.01	49.82	50.13	51.68
	EBT	628	843	948	980	762	1,233	1,241	1,734	2,044	2,335
	EBT margin, %	18.27	21.84	23.48	23.24	19.28	24.40	23.11	26.84	28.29	28.88
	Net income	628	843	948	980	762	1,233	1,241	1,361	1,651	1,810
	Depreciation	274	295	341	394	487	539	576	717	722	749
Per share, $
Per share, $	Revenue	18.19	20.44	21.42	22.59	21.39	27.40	29.36	35.66	40.20	45.39
	Earnings	2.34	3.19	4.91	4.18	3.76	5.32	5.38	7.48	9.17	10.14
	Cash flow	5.89	3.96	5.85	7.83	5.18	8.23	8.09	10.25	11.60	14.92
	Capex	(1.99)	(2.32)	(3.99)	(4.20)	(4.38)	(4.70)	(4.63)	(5.17)	(5.94)	(5.99)
	Free cash flow	3.90	1.65	1.86	3.63	0.80	3.53	3.45	5.08	5.66	8.93
	Book value	1.93	4.69	8.48	8.92	11.06	14.18	15.00	18.34	21.33	24.87
	Shares, m	189	189	189	187	185	184	183	181	180	178
Valuation, ×
Valuation, ×	P/E	25.30	32.76	20.34	39.79	60.08	48.56	39.88	45.09	46.43	36.55
	P/S	3.24	5.14	4.64	7.33	10.73	9.45	7.34	9.47	10.57	8.14
	P/B	30.51	22.42	11.73	18.56	20.75	18.25	14.36	18.42	19.92	14.86
	EV/Sales	3.68	5.48	4.97	7.64	11.11	9.75	7.60	9.69	10.81	8.33
	EV/FCF	17.17	68.06	57.23	47.58	295.39	75.68	64.59	68.03	76.80	42.32
Cash, $m
Cash, $m	Operating cash flow	1,112	749	1,103	1,463	957	1,518	1,479	1,858	2,085	2,658
	Capex	(375)	(438)	(752)	(785)	(809)	(867)	(847)	(938)	(1,068)	(1,067)
	Free cash flow	737	311	351	678	149	651	631	920	1,017	1,591
Balance, $m
Balance, $m	Working capital	1,362	1,633	2,145	2,153	2,680	2,902	3,151	3,210	4,368	4,501
	Total debt	2,045	2,042	2,276	2,341	3,112	3,112	2,962	2,681	3,627	3,263
	Net debt	1,520	1,292	1,327	1,322	1,510	1,505	1,407	1,401	1,715	1,514
	Shareholders’ equity	365	886	1,599	1,666	2,044	2,616	2,742	3,323	3,834	4,429
Returns, %
Returns, %	ROA	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
	ROE	256.99	96.74	74.58	47.74	37.43	42.18	36.68	44.68	46.02	43.73

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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	$227.3B	8.3×	9.2×	+4.07% (above 0%: growing)	+11.16% (above 0%: growing)	−702.74% (below 0%: shrinking)	18.03%	7.86%	Compare
GM General Motors Company	$73.4B	40.4×	6.9×	+1.92% (above 0%: growing)	−25.77% (below 0%: shrinking)	−7.52% (below 0%: shrinking)	7.61%	3.04%	Compare
RACE Ferrari N.V.	$63.4B	36.8×	31.3×	+11.03% (above 0%: growing)	+12.96% (above 0%: growing)	+0.50% (above 0%: growing)	52.59%	31.22%
F Ford Motor Company	$49.1B	— (loss-making)	23.0×	−3.76% (below 0%: shrinking)	n/m	−53.58% (below 0%: shrinking)	12.59%	1.32%	Compare
HMC Honda Motor Co., Ltd.	$44.2B	6.0×	15.7×	+4.19% (above 0%: growing)	+105.66% (above 0%: growing)	+20.08% (above 0%: growing)	22.24%	8.76%	Compare
RIVN Rivian Automotive, Inc.	$18.9B	— (loss-making)	— (loss-making)	+27.24% (above 0%: growing)	n/m	−113.32% (below 0%: shrinking)	10.80%	(50.42%)	Compare
STLA Stellantis N.V.	$12.6B	0.6×	12.1×	−44.85% (below 0%: shrinking)	−96.94% (below 0%: shrinking)	−164.34% (below 0%: shrinking)	10.98%	2.26%	Compare
LI Li Auto Inc. Sponsored ADR	$9.8B	— (loss-making)	— (loss-making)	−10.40% (below 0%: shrinking)	n/m	+291.23% (above 0%: growing)	11.05%	(8.96%)	Compare
NIO NIO Inc.	$8.3B	— (loss-making)	— (loss-making)	+78.50% (above 0%: growing)	n/m	+38.68% (above 0%: growing)	18.38%	(1.08%)	Compare
Median of peers	$31.5B	7.2×	12.1×	+2.99%	−7.30%	−30.55%	11.82%	1.79%

All 41 Auto Manufacturers stocks →

Ferrari N.V. (RACE) key facts

Strength: Ferrari N.V.’s revenue for fiscal 2025 (year ended December 2025) was $8.1 billion, up 11.9% from fiscal 2024.
Strength: Net income was $1.8 billion, or $10.14 per share (basic), a net margin of 22.4%.
Ferrari N.V. (RACE) is an Auto Manufacturers company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 16, 2026, RACE traded at $396.60, a market capitalization of $63.4 billion.
At that price the stock trades at 36.8× trailing-twelve-month earnings and 8.1× sales; its P/E is higher than 39% of its own readings over the past ten years.
Ferrari N.V. pays an annual dividend of $4.26 per share, a yield of 1.07%, with a payout ratio of 39.6%.
Return on equity was 43.7% and debt-to-equity 0.86.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 8.63 (safe zone) for fiscal 2025.