NYSE : F
Ford Motor Company — Financial statements
Consumer Discretionary · Auto Manufacturers · United States
Last price 12.25 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 48.92B
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Financial statements
Ford Motor Company (F) reported revenue of 186.97B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 173.24B | 174.00B | 172.71B | 165.90B | 149.08B | 126.27B |
| Other Revenue | 13.73B | 13.27B | 12.29B | 10.29B | 8.98B | 10.07B |
| Revenue | 186.97B | 187.27B | 184.99B | 176.19B | 158.06B | 136.34B |
| Cost of Revenue | 161.90B | 165.27B | 158.43B | 150.55B | 134.37B | 114.65B |
| Gross Profit | 13.81B | 10.88B | 15.51B | 16.16B | 17.22B | 16.44B |
| Selling, General & Admin | 12.07B | 11.48B | 9.88B | 13.20B | 9.14B | 9.72B |
| Operating Expenses | 12.07B | 11.48B | 9.88B | 13.20B | 9.14B | 9.72B |
| Operating Income | 1.74B | -602.00M | 5.63B | 2.96B | 8.08B | 6.72B |
| Interest Expense | -1.52B | -1.33B | -1.14B | -1.32B | -1.28B | -1.80B |
| Interest & Investment Income | 1.33B | 1.49B | 1.54B | 1.57B | 639.00M | 261.00M |
| Earnings From Equity Investments | -5.47B | -3.15B | 678.00M | 414.00M | -2.91B | 327.00M |
| Currency Exchange Gain (Loss) | 248.00M | 50.00M | 145.00M | |||
| Other Non Operating Income (Expenses) | 575.00M | 613.00M | 485.00M | 536.00M | 513.00M | 505.00M |
| EBT Excluding Unusual Items | -3.09B | -2.98B | 7.20B | 4.16B | 5.09B | 6.15B |
| Gain (Loss) on Sale of Investments | 273.00M | 355.00M | 36.00M | -196.00M | -7.67B | 9.53B |
| Asset Writedown | -9.40B | -9.20B | -32.00M | |||
| Other Unusual Items | 436.00M | -409.00M | 2.10B | |||
| Pretax Income | -11.79B | -11.83B | 7.23B | 3.97B | -3.02B | 17.78B |
| Income Tax Expense | -4.01B | -3.67B | 1.34B | -362.00M | -864.00M | -130.00M |
| Earnings From Continuing Operations | -7.78B | -8.16B | 5.89B | 4.33B | -2.15B | 17.91B |
| Minority Interest in Earnings | -18.00M | -20.00M | -15.00M | 18.00M | 171.00M | 27.00M |
| Net Income | -7.79B | -8.18B | 5.88B | 4.35B | -1.98B | 17.94B |
| Net Income to Common | -7.79B | -8.18B | 5.88B | 4.35B | -1.98B | 17.94B |
| Shares Outstanding (Basic) | 3.99B | 3.98B | 3.98B | 4.00B | 4.01B | 3.99B |
| Shares Outstanding (Diluted) | 3.99B | 3.98B | 4.02B | 4.04B | 4.01B | 4.03B |
| EPS (Basic) | -1.95 | -2.06 | 1.48 | 1.09 | -0.49 | 4.49 |
| EPS (Diluted) | -1.97 | -2.06 | 1.46 | 1.08 | -0.49 | 4.45 |
| Free Cash Flow | 5.14B | 12.47B | 6.74B | 6.68B | -13.00M | 9.56B |
| Free Cash Flow Per Share | 1.29 | 3.13 | 1.68 | 1.65 | -0.00 | 2.37 |
| Dividend Per Share | 0.60 | 0.60 | 0.60 | 0.60 | 0.50 | 0.10 |
| Gross Margin | 7.39% | 5.81% | 8.38% | 9.17% | 10.90% | 12.06% |
| Operating Margin | 0.93% | -0.32% | 3.04% | 1.68% | 5.11% | 4.93% |
| Profit Margin | -4.17% | -4.37% | 3.18% | 2.47% | -1.25% | 13.16% |
| Free Cash Flow Margin | 2.75% | 6.66% | 3.64% | 3.79% | -0.01% | 7.01% |
| EBITDA | 7.84B | 5.39B | 11.50B | 9.49B | 14.57B | 12.68B |
| EBITDA Margin | 4.19% | 2.88% | 6.21% | 5.38% | 9.22% | 9.30% |
| D&A For EBITDA | 6.10B | 6.00B | 5.87B | 6.52B | 6.49B | 5.96B |
| EBIT | 1.74B | -602.00M | 5.63B | 2.96B | 8.08B | 6.72B |
| EBIT Margin | 0.93% | -0.32% | 3.04% | 1.68% | 5.11% | 4.93% |
| Effective Tax Rate | 18.51% | |||||
| Revenue as Reported | 186.97B | 187.27B | 184.99B | 176.19B | 158.06B | 136.34B |
| Advertising Expenses | 2.70B | 2.80B | 2.50B | 2.20B | 3.10B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 14.02B | 14.09B | 13.66B | 14.20B | 14.74B | 9.58B |
| Short-Term Investments | 11.06B | 14.35B | 14.71B | 14.52B | 17.44B | 26.88B |
| Cash & Short-Term Investments | 25.09B | 28.43B | 28.37B | 28.72B | 32.18B | 36.46B |
| Receivables | 8.59B | 15.40B | 14.72B | 15.60B | 15.73B | 11.37B |
| Inventory | 16.23B | 15.29B | 14.95B | 15.65B | 14.08B | 12.06B |
| Finance Div. Loans and Leases | 57.03B | 49.13B | 51.85B | 46.42B | 38.72B | 32.54B |
| Finance Div. Other Current Assets | 10.47B | 11.35B | 10.31B | 11.74B | 12.07B | 13.26B |
| Other Current Assets | 3.87B | 3.89B | 4.27B | 3.34B | 3.69B | 3.30B |
| Total Current Assets | 121.28B | 123.49B | 124.47B | 121.48B | 116.48B | 109.00B |
| Property, Plant & Equipment | 42.67B | 38.99B | 45.49B | 43.71B | 39.66B | 39.67B |
| Long-Term Investments | 2.74B | 2.63B | 6.82B | 5.55B | 3.18B | 5.45B |
| Goodwill | 658.00M | 683.00M | 603.00M | 619.00M | ||
| Other Intangible Assets | 69.00M | 80.00M | 86.00M | 111.00M | ||
| Finance Div. Loans and Leases Long-Term | 59.70B | 61.45B | 59.79B | 55.65B | 49.90B | 51.26B |
| Long-Term Deferred Tax Assets | 23.13B | 21.44B | 16.38B | 16.98B | 15.55B | 13.80B |
| Long-Term Deferred Charges | 312.00M | 317.00M | 315.00M | 309.00M | ||
| Other Long-Term Assets | 12.38B | 11.54B | 9.43B | 8.39B | 8.16B | 11.54B |
| Total Assets | 292.48B | 289.16B | 285.20B | 273.31B | 255.88B | 257.04B |
| Accounts Payable | 27.05B | 24.84B | 25.99B | 25.61B | 22.35B | |
| Accrued Expenses | 4.35B | 4.04B | 3.48B | 3.11B | ||
| Short-Term Debt | 1.40B | 1.35B | 632.00M | 362.00M | 359.00M | 286.00M |
| Current Portion of Long-Term Debt | 2.60B | 4.06B | 1.03B | 83.00M | 285.00M | 2.81B |
| Current Portion of Leases | 701.00M | 703.00M | 652.00M | 513.00M | 490.00M | 421.00M |
| Finance Div. Debt Current | 49.16B | 51.75B | 53.19B | 49.19B | 49.43B | 46.52B |
| Finance Div. Other Current Liabilities | 3.69B | 3.62B | ||||
| Current Unearned Revenue | 3.33B | 2.52B | 2.40B | 2.35B | ||
| Other Current Liabilities | 27.37B | 28.55B | 43.67B | 18.83B | 14.81B | 12.88B |
| Total Current Liabilities | 111.97B | 114.89B | 106.86B | 101.53B | 96.87B | 90.73B |
| Long-Term Debt | 18.39B | 15.62B | 18.19B | 18.86B | 18.71B | 16.71B |
| Finance Div. Debt Long-Term | 90.23B | 89.67B | 84.67B | 80.09B | 69.61B | 71.20B |
| Finance Div. Other Long-Term Liabilities | 2.23B | 2.02B | ||||
| Long-Term Leases | 2.94B | 2.59B | 2.49B | 2.00B | 1.59B | 1.54B |
| Long-Term Unearned Revenue | 4.91B | 5.05B | 4.88B | 4.68B | ||
| Pension & Post-Retirement Benefits | 9.36B | 11.59B | 10.64B | 15.37B | ||
| Long-Term Deferred Tax Liabilities | 1.74B | 694.00M | 1.07B | 1.00B | 1.55B | 1.58B |
| Other Long-Term Liabilities | 28.02B | 27.71B | 12.78B | 10.38B | 8.88B | 6.60B |
| Total Liabilities | 255.52B | 253.18B | 240.34B | 230.51B | 212.72B | 208.41B |
| Common Stock | 43.00M | 42.00M | 42.00M | 42.00M | 42.00M | 41.00M |
| Additional Paid-In Capital | 24.09B | 23.92B | 23.50B | 23.13B | 22.83B | 22.61B |
| Retained Earnings | 23.95B | 22.51B | 33.74B | 31.03B | 31.75B | 35.77B |
| Treasury Stock | -3.04B | -2.81B | -2.81B | -2.38B | -2.05B | -1.56B |
| Comprehensive Income & Other | -8.12B | -7.71B | -9.64B | -9.04B | -9.34B | -8.34B |
| Total Common Equity | 36.92B | 35.95B | 44.84B | 42.77B | 43.24B | 48.52B |
| Minority Interest | 37.00M | 28.00M | 23.00M | 25.00M | -75.00M | 103.00M |
| Shareholders' Equity | 36.96B | 35.98B | 44.86B | 42.80B | 43.17B | 48.62B |
| Total Liabilities & Equity | 292.48B | 289.16B | 285.20B | 273.31B | 255.88B | 257.04B |
| Total Debt | 165.43B | 165.74B | 160.86B | 151.11B | 140.47B | 139.49B |
| Net Cash (Debt) | -140.34B | -137.31B | -132.49B | -122.38B | -108.29B | -103.03B |
| Net Cash Per Share | -35.19 | -34.51 | -32.95 | -30.29 | -26.98 | -25.54 |
| Filing Date Shares Outstanding | 3.99B | 3.99B | 3.96B | 3.97B | 3.99B | 4.00B |
| Total Common Shares Outstanding | 3.99B | 3.99B | 3.96B | 3.97B | 3.99B | 4.00B |
| Working Capital | 9.31B | 8.60B | 17.61B | 19.95B | 19.61B | 18.27B |
| Book Value Per Share | 9.25 | 9.01 | 11.31 | 10.76 | 10.85 | 12.12 |
| Tangible Book Value | 36.92B | 35.95B | 44.11B | 42.01B | 42.55B | 47.79B |
| Tangible Book Value Per Share | 9.25 | 9.01 | 11.13 | 10.57 | 10.68 | 11.93 |
| Land | 360.00M | 367.00M | 371.00M | 450.00M | ||
| Buildings | 13.91B | 12.64B | 11.95B | 12.44B | ||
| Machinery | 49.25B | 50.77B | 48.48B | 49.84B | ||
| Construction In Progress | 6.24B | 5.31B | 3.20B | 2.15B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -7.79B | -8.18B | 5.88B | 4.35B | -1.98B | 17.94B |
| Depreciation & Amortization | 6.10B | 6.00B | 5.87B | 6.52B | 6.49B | 5.96B |
| Asset Writedown & Restructuring Costs | 9.44B | 9.44B | ||||
| Loss (Gain) From Sale of Investments | 2.93B | -368.00M | ||||
| Loss (Gain) on Equity Investments | 3.05B | 3.57B | -287.00M | -33.00M | 3.32B | 116.00M |
| Stock-Based Compensation | 425.00M | 510.00M | 511.00M | 460.00M | 336.00M | 305.00M |
| Provision & Write-off of Bad Debts | 681.00M | 616.00M | 575.00M | 438.00M | 46.00M | -298.00M |
| Other Operating Activities | -4.58B | -3.51B | 1.22B | 2.02B | 5.69B | -12.57B |
| Change in Accounts Receivable | -279.00M | -2.79B | -2.50B | -2.62B | -1.18B | -1.14B |
| Change in Inventory | 195.00M | 539.00M | 27.00M | -1.22B | -2.58B | -1.78B |
| Change in Accounts Payable | 3.39B | 10.10B | 8.43B | 9.83B | 7.27B | -36.00M |
| Change in Other Net Operating Assets | 1.41B | 4.99B | -4.30B | -4.83B | -10.56B | 7.66B |
| Operating Cash Flow | 14.97B | 21.28B | 15.42B | 14.92B | 6.85B | 15.79B |
| Capital Expenditures | -9.83B | -8.81B | -8.68B | -8.24B | -6.87B | -6.23B |
| Divestitures | 449.00M | 145.00M | ||||
| Investment in Securities | 2.58B | 1.14B | -812.00M | 1.38B | 921.00M | 5.68B |
| Other Investing Activities | -284.00M | -333.00M | -313.00M | -826.00M | 406.00M | -569.00M |
| Investing Cash Flow | -15.59B | -18.05B | -24.37B | -17.63B | -4.35B | 2.75B |
| Short-Term Debt Issued | 654.00M | 5.46B | 3.27B | |||
| Long-Term Debt Issued | 49.69B | 57.31B | 51.66B | 45.47B | 27.90B | |
| Total Debt Issued | 51.36B | 50.34B | 57.31B | 51.66B | 50.93B | 31.17B |
| Short-Term Debt Repaid | -276.00M | -1.54B | ||||
| Long-Term Debt Repaid | -50.30B | -45.68B | -41.97B | -45.66B | -54.16B | |
| Total Debt Repaid | -52.19B | -50.30B | -45.96B | -43.50B | -45.66B | -54.16B |
| Net Debt Issued (Repaid) | -831.00M | 39.00M | 11.36B | 8.15B | 5.28B | -22.99B |
| Repurchase of Common Stock | -311.00M | -426.00M | -335.00M | -484.00M | ||
| Common Dividends Paid | -1.81B | -2.39B | -2.40B | -2.40B | -2.01B | -403.00M |
| Other Financing Activities | -296.00M | -255.00M | -327.00M | -241.00M | -271.00M | -105.00M |
| Financing Cash Flow | -3.84B | -3.21B | 7.49B | 2.58B | 2.51B | -23.50B |
| Foreign Exchange Rate Adjustments | -62.00M | 532.00M | -458.00M | -104.00M | -414.00M | -232.00M |
| Net Cash Flow | -4.52B | 560.00M | -1.92B | -230.00M | 4.60B | -5.20B |
| Free Cash Flow | 5.14B | 12.47B | 6.74B | 6.68B | -13.00M | 9.56B |
| Free Cash Flow Margin | 2.75% | 6.66% | 3.64% | 3.79% | -0.01% | 7.01% |
| Free Cash Flow Per Share | 1.29 | 3.13 | 1.68 | 1.65 | -0.00 | 2.37 |
| Levered Free Cash Flow | -6.19B | 1.76B | 1.13B | -3.85B | 983.75M | 8.27B |
| Unlevered Free Cash Flow | -5.25B | 2.59B | 1.84B | -3.02B | 1.78B | 9.40B |
| Cash Interest Paid | 8.00B | 8.00B | 8.10B | 7.10B | 4.40B | 4.70B |
| Cash Income Tax Paid | 622.00M | 622.00M | 1.22B | 1.03B | 801.00M | 568.00M |
| Change in Working Capital | 4.72B | 12.84B | 1.66B | 1.16B | -7.05B | 4.70B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 48.92B | 52.28B | 39.35B | 48.80B | 46.76B | 83.00B |
| Enterprise Value | 189.26B | 184.01B | 171.00B | 164.35B | 144.51B | 197.57B |
| Last Close Price | 12.25 | 12.68 | 8.91 | 10.25 | 8.85 | 15.31 |
| PE Ratio | 6.69 | 11.22 | 4.63 | |||
| Forward PE | 6.89 | 11.34 | 5.78 | 8.13 | 5.85 | 10.81 |
| PS Ratio | 0.26 | 0.28 | 0.21 | 0.28 | 0.30 | 0.61 |
| PB Ratio | 1.32 | 1.45 | 0.88 | 1.14 | 1.08 | 1.71 |
| P/TBV Ratio | 1.32 | 1.45 | 0.89 | 1.16 | 1.10 | 1.74 |
| P/FCF Ratio | 9.51 | 4.19 | 5.84 | 7.30 | 8.68 | |
| P/OCF Ratio | 3.27 | 2.46 | 2.55 | 3.27 | 6.82 | 5.26 |
| PEG Ratio | 0.25 | 10.21 | 1.89 | 10.04 | 0.22 | 0.18 |
| EV/Sales Ratio | 1.01 | 0.98 | 0.92 | 0.93 | 0.91 | 1.45 |
| EV/EBITDA Ratio | 24.15 | 34.12 | 14.87 | 17.32 | 9.92 | 15.59 |
| EV/EBIT Ratio | 108.83 | 30.37 | 55.45 | 17.89 | 29.41 | |
| EV/FCF Ratio | 36.79 | 14.76 | 25.37 | 24.60 | 20.67 | |
| Debt / Equity Ratio | 4.48 | 4.61 | 3.59 | 3.53 | 3.25 | 2.87 |
| Debt / EBITDA Ratio | 18.82 | 26.39 | 13.08 | 14.88 | 9.31 | 10.60 |
| Debt / FCF Ratio | 32.15 | 13.29 | 23.87 | 22.61 | 14.59 | |
| Net Debt / Equity Ratio | 3.80 | 3.82 | 2.95 | 2.86 | 2.51 | 2.12 |
| Net Debt / EBITDA Ratio | 17.91 | 25.46 | 11.52 | 12.90 | 7.43 | 8.13 |
| Net Debt / FCF Ratio | 27.28 | 11.01 | 19.66 | 18.32 | -8,330.00 | 10.78 |
| Asset Turnover | 0.63 | 0.65 | 0.66 | 0.67 | 0.62 | 0.52 |
| Inventory Turnover | 9.89 | 10.93 | 10.35 | 10.13 | 10.28 | 10.03 |
| Quick Ratio | 0.89 | 0.90 | 0.98 | 1.01 | 1.02 | 1.03 |
| Current Ratio | 1.08 | 1.07 | 1.17 | 1.20 | 1.20 | 1.20 |
| Return on Equity (ROE) | -18.43% | -20.19% | 13.45% | 10.07% | -4.69% | 45.09% |
| Return on Assets (ROA) | 0.37% | -0.13% | 1.26% | 0.70% | 1.97% | 1.60% |
| Return on Invested Capital (ROIC) | 0.98% | -0.34% | 2.68% | 1.87% | 5.33% | 4.27% |
| Return on Capital Employed (ROCE) | 1.00% | -0.30% | 3.20% | 1.70% | 5.10% | 4.00% |
| Earnings Yield | -16.05% | -15.65% | 14.94% | 8.91% | -4.24% | 21.61% |
| FCF Yield | 10.52% | 23.85% | 17.13% | 13.69% | -0.03% | 11.52% |
| Dividend Yield | 4.90% | 4.58% | 6.04% | 4.89% | 4.26% | 0.48% |
| Payout Ratio | 40.80% | 55.16% | 2.25% | |||
| Buyback Yield / Dilution | 0.93% | 1.04% | 0.50% | -0.67% | 0.50% | -1.54% |
| Total Shareholder Return | 5.83% | 5.62% | 6.54% | 4.21% | 4.76% | -1.05% |