Ford Motor (F) Financials

$10.80 -0.27 (-2.44%)

Closing price 08/1/2025 03:59 PM Eastern

Extended Trading

$10.80 +0.00 (+0.05%)

As of 08/1/2025 07:59 PM Eastern

Annual Income Statements for Ford Motor

This table shows Ford Motor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	7,373	4,589	7,731	3,677	47	-1,279	17,937	-1,981	4,347	5,879
Consolidated Net Income / (Loss)	7,371	4,600	7,757	3,695	84	-1,276	17,910	-2,152	4,329	5,894
Net Income / (Loss) Continuing Operations	7,371	4,600	7,757	3,695	84	-1,276	17,910	-2,152	4,329	5,894
Total Pre-Tax Income	10,252	6,784	8,159	4,345	-640	-1,116	17,780	-3,016	3,967	7,233
Total Operating Income	6,981	5,786	4,881	3,203	574	-4,408	4,523	6,276	5,458	5,219
Total Gross Profit	17,744	25,605	25,455	24,069	21,207	14,392	21,690	23,660	25,641	26,558
Total Revenue	149,558	151,800	156,776	160,338	155,900	127,144	136,341	158,057	176,191	184,992
Operating Revenue	149,558	151,800	156,776	160,338	155,900	127,144	136,341	158,057	176,191	184,992
Total Cost of Revenue	131,814	126,195	131,321	136,269	134,693	112,752	114,651	134,397	150,550	158,434
Operating Cost of Revenue	131,814	126,195	131,321	136,269	134,693	112,752	114,651	134,397	150,550	158,434
Other Cost of Revenue	-	-	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	10,763	19,819	20,574	20,866	20,633	18,800	17,167	17,384	20,183	21,339
Selling, General & Admin Expense	10,763	10,972	20,574	20,866	20,633	18,800	17,167	17,384	20,183	21,339
Total Other Income / (Expense), net	3,271	998	3,278	1,142	-1,214	3,292	13,257	-9,292	-1,491	2,014
Interest Expense	773	951	1,190	57	1,020	1,649	1,803	1,259	1,302	1,115
Interest & Investment Income	1,818	1,780	1,201	123	32	42	327	-2,883	414	678
Other Income / (Expense), net	2,226	169	3,267	1,076	-226	4,899	14,733	-5,150	-603	2,451
Income Tax Expense	2,881	2,184	402	650	-724	160	-130	-864	-362	1,339
Net Income / (Loss) Attributable to Noncontrolling Interest	-2.00	11	26	18	37	3.00	-27	-171	-18	15
Basic Earnings per Share	$1.86	$1.16	$1.94	$0.93	$0.01	($0.32)	$4.49	($0.49)	$1.09	$1.48
Weighted Average Basic Shares Outstanding	3.97B	3.97B	3.98B	3.97B	3.97B	3.97B	3.99B	4.01B	4.00B	3.98B
Diluted Earnings per Share	$1.84	$1.15	$1.93	$0.92	$0.01	($0.32)	$4.45	($0.49)	$1.08	$1.46
Weighted Average Diluted Shares Outstanding	3.97B	3.97B	4.00B	4.00B	4.00B	3.97B	4.03B	4.01B	4.04B	4.02B
Weighted Average Basic & Diluted Shares Outstanding	3.97B	3.97B	3.97B	3.98B	3.96B	3.98B	4.00B	3.99B	3.97B	3.96B
Cash Dividends to Common per Share	$0.60	$0.85	$0.65	$0.73	$0.60	$0.15	$0.10	$0.50	$1.25	$0.78

This table shows Ford Motor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-827	1,289	1,757	1,917	1,199	-526	1,332	1,831	892	1,824	471
Consolidated Net Income / (Loss)	-930	1,259	1,663	2,016	1,173	-523	1,334	1,833	896	1,831	473
Net Income / (Loss) Continuing Operations	-930	1,259	1,663	2,016	1,173	-523	1,334	1,833	896	1,831	473
Total Pre-Tax Income	-1,125	1,166	2,159	2,288	1,387	-1,867	1,612	2,438	869	2,314	621
Total Operating Income	504	1,561	2,113	2,461	1,129	-245	1,225	1,883	880	1,231	319
Total Gross Profit	5,038	6,183	6,805	7,483	6,253	5,100	6,301	7,319	6,028	6,910	5,471
Total Revenue	39,392	43,999	41,474	44,954	43,801	45,962	42,777	47,808	46,196	48,211	40,659
Operating Revenue	39,392	43,999	41,474	44,954	43,801	45,962	42,777	47,808	46,196	48,211	40,659
Total Cost of Revenue	34,354	37,816	34,669	37,471	37,548	40,862	36,476	40,489	40,168	41,301	35,188
Operating Cost of Revenue	34,354	37,816	34,669	37,471	37,548	40,862	36,476	40,489	40,168	41,301	35,188
Other Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	4,534	4,622	4,692	5,022	5,124	5,345	5,076	5,436	5,148	5,679	5,152
Selling, General & Admin Expense	4,534	4,622	4,692	5,022	5,124	5,345	5,076	5,436	5,148	5,679	5,152
Total Other Income / (Expense), net	-1,629	-395	46	-173	258	-1,622	387	555	-11	1,083	302
Interest Expense	321	318	308	304	324	366	278	270	272	295	288
Interest & Investment Income	-2,626	-282	130	-124	263	145	167	197	147	167	94
Other Income / (Expense), net	1,318	205	224	255	319	-1,401	498	628	114	1,211	496
Income Tax Expense	-195	-93	496	272	214	-1,344	278	605	-27	483	148
Net Income / (Loss) Attributable to Noncontrolling Interest	-103	-30	-94	99	-26	3.00	2.00	2.00	4.00	7.00	2.00
Basic Earnings per Share	($0.21)	$0.33	$0.44	$0.48	$0.30	($0.13)	$0.33	$0.46	$0.22	$0.47	$0.12
Weighted Average Basic Shares Outstanding	4.02B	4.01B	3.99B	4.00B	4.00B	4.00B	3.98B	3.99B	3.98B	3.98B	3.97B
Diluted Earnings per Share	($0.21)	$0.34	$0.44	$0.47	$0.30	($0.13)	$0.33	$0.46	$0.22	$0.45	$0.12
Weighted Average Diluted Shares Outstanding	4.02B	4.01B	4.03B	4.04B	4.05B	4.04B	4.02B	4.02B	4.02B	4.02B	4.01B
Weighted Average Basic & Diluted Shares Outstanding	4.02B	3.99B	4.00B	4.00B	4.00B	3.97B	3.99B	3.98B	3.97B	3.96B	3.98B
Cash Dividends to Common per Share	$0.15	-	$0.80	$0.15	$0.15	-	$0.33	$0.15	$0.15	-	$0.30

This table details how cash moves in and out of Ford Motor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	3,515	1,683	2,619	-1,731	834	8,194	-5,198	4,603	-230	-1,920
Net Cash From Operating Activities	16,226	19,850	18,096	15,022	17,639	24,269	15,787	6,853	14,918	15,423
Net Cash From Continuing Operating Activities	16,226	19,850	18,096	15,022	17,723	24,269	15,787	6,853	14,918	15,423
Net Income / (Loss) Continuing Operations	7,371	4,600	7,757	3,695	84	-1,276	17,910	-2,152	4,329	5,894
Consolidated Net Income / (Loss)	7,371	4,600	7,757	3,695	84	-1,276	17,910	-2,152	4,329	5,894
Depreciation Expense	7,966	9,023	9,241	9,385	9,689	8,751	7,318	7,642	7,690	7,567
Amortization Expense	-	-306	-669	-972	-1,199	-1,294	-1,358	-1,149	-1,167	-1,700
Non-Cash Adjustments To Reconcile Net Income	-4,271	2,123	131	1,805	4,315	-713	-12,035	10,819	3,888	1,217
Changes in Operating Assets and Liabilities, net	5,160	4,410	1,636	1,109	4,834	18,801	3,952	-8,307	178	2,445
Net Cash From Investing Activities	-26,162	-25,302	-19,360	-16,261	-13,721	-18,615	2,745	-4,347	-17,628	-24,370
Net Cash From Continuing Investing Activities	-26,162	-25,302	-19,360	-16,261	-13,721	-18,615	2,745	-4,347	-17,628	-24,370
Purchase of Property, Plant & Equipment	-7,196	-6,992	-7,049	-7,785	-7,632	-5,742	-6,227	-6,866	-8,236	-8,684
Acquisitions	-	-	-	-	-	-4.00	-57	-738	-2,733	-2,323
Purchase of Investments	-98,362	-86,610	-86,921	-80,064	-73,162	-95,848	-75,870	-62,897	-63,233	-72,288
Divestitures	-	-	-	0.00	0.00	1,340	145	449	0.00	0.00
Sale and/or Maturity of Investments	40,766	29,354	29,998	20,885	16,929	32,395	32,957	19,117	12,701	13,811
Other Investing Activities, net	38,630	38,946	44,612	50,703	50,144	49,244	51,797	46,588	43,873	45,114
Net Cash From Financing Activities	14,266	7,400	3,394	-122	-3,129	2,315	-23,498	2,511	2,584	7,485
Net Cash From Continuing Financing Activities	14,266	7,400	3,394	-122	-3,129	2,315	-23,498	2,511	2,584	7,485
Repayment of Debt	-33,731	-38,904	-40,921	-47,183	-46,723	-60,698	-50,996	-45,926	-42,206	-46,007
Repurchase of Common Equity	-129	-145	-131	-164	-237	0.00	0.00	-484	-335	-426
Payment of Dividends	-2,380	-3,376	-2,584	-2,905	-2,389	-596	-403	-2,009	-4,995	-3,118
Issuance of Debt	50,506	49,825	47,030	50,130	46,220	63,609	27,901	50,930	50,120	57,036
Other Net Changes in Cash	-	-	-	-	-	225	-	-414	-104	-458

This table details how cash moves in and out of Ford Motor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	1,587	3,619	-2,981	4,264	11	-1,524	-5,124	240	3,500	-536	-2,113
Net Cash From Operating Activities	3,812	1,178	2,800	5,035	4,591	2,492	1,385	5,508	5,502	3,028	3,679
Net Cash From Continuing Operating Activities	3,812	1,178	2,800	5,035	4,591	2,492	1,385	5,508	5,502	3,028	3,679
Net Income / (Loss) Continuing Operations	-930	1,259	1,663	2,016	1,173	-523	1,334	1,833	896	1,831	473
Consolidated Net Income / (Loss)	-930	1,259	1,663	2,016	1,173	-523	1,334	1,833	896	1,831	473
Depreciation Expense	1,895	1,973	1,897	1,878	1,903	2,012	1,881	1,914	1,841	1,931	1,848
Amortization Expense	-268	-273	-272	-282	-299	-314	-376	-396	-447	-481	-464
Non-Cash Adjustments To Reconcile Net Income	2,157	648	436	834	472	2,146	281	569	781	-414	368
Changes in Operating Assets and Liabilities, net	958	-2,429	-924	589	1,342	-829	-1,735	1,588	2,431	161	1,454
Net Cash From Investing Activities	-3,517	-4,972	-1,977	-4,180	-4,062	-7,409	-5,880	-6,041	-5,588	-6,861	210
Net Cash From Continuing Investing Activities	-3,517	-4,972	-1,977	-4,180	-4,062	-7,409	-5,880	-6,041	-5,588	-6,861	210
Purchase of Property, Plant & Equipment	-1,732	-2,065	-1,780	-1,949	-2,212	-2,295	-2,094	-2,100	-1,992	-2,498	-1,818
Acquisitions	-313	-389	-699	-348	-568	-1,118	-639	-660	-901	-123	-3.00
Purchase of Investments	-18,289	-15,794	-15,129	-15,994	-15,145	-16,965	-17,998	-17,850	-17,769	-18,671	-14,224
Sale and/or Maturity of Investments	5,028	2,676	4,413	3,171	2,800	2,317	3,579	3,233	3,799	3,200	5,317
Other Investing Activities, net	11,354	10,586	11,218	10,940	11,063	10,652	11,272	11,336	11,275	11,231	10,938
Net Cash From Financing Activities	1,696	7,055	-3,874	3,413	-338	3,383	-458	842	3,311	3,790	-6,120
Net Cash From Continuing Financing Activities	1,696	7,055	-3,874	3,413	-338	3,383	-458	842	3,311	3,790	-6,120
Repayment of Debt	-11,688	-9,937	-14,593	-7,817	-9,635	-10,161	-14,419	-10,980	-10,454	-10,154	-16,339
Repurchase of Common Equity	-	-484	0.00	-	-	-335	0.00	-244	-32	-150	0.00
Payment of Dividends	-603	-599	-3,193	-601	-600	-601	-1,326	-599	-597	-596	-1,196
Issuance of Debt	13,987	18,075	13,912	11,831	9,897	14,480	15,287	12,665	14,394	14,690	11,415
Other Net Changes in Cash	-	-	70	-4.00	-180	10	-171	-69	275	-493	118

This table presents Ford Motor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	224,925	237,951	258,496	256,540	258,537	267,261	257,035	255,884	273,310	285,196
Total Current Assets	102,587	108,461	116,801	114,649	114,047	116,744	108,996	116,476	121,481	124,474
Cash & Equivalents	14,272	15,905	18,492	16,718	17,504	25,243	20,540	25,134	24,862	22,935
Short-Term Investments	20,904	22,922	20,435	17,233	17,147	24,718	29,053	18,936	15,309	15,413
Note & Lease Receivable	45,137	46,266	52,210	54,353	53,651	42,401	32,543	38,720	46,425	51,850
Accounts Receivable	11,042	11,102	10,599	11,195	9,237	9,993	11,370	15,729	15,601	14,723
Inventories, net	8,319	8,898	11,176	11,220	10,786	10,808	12,065	14,080	15,651	14,951
Other Current Assets	2,913	3,368	3,889	3,930	5,722	3,581	3,416	3,877	3,633	4,602
Plant, Property, & Equipment, net	30,163	32,072	35,327	65,297	65,699	37,083	37,139	37,265	40,821	41,928
Total Noncurrent Assets	92,175	97,443	106,368	76,594	78,791	113,434	110,900	102,143	111,008	118,794
Long-Term Investments	3,224	3,304	3,085	2,709	2,519	4,901	4,545	2,798	5,548	6,821
Noncurrent Note & Lease Receivables	45,554	49,924	56,182	55,544	53,703	83,228	77,617	49,903	55,650	82,733
Noncurrent Deferred & Refundable Income Taxes	11,509	9,705	10,762	10,412	11,863	12,423	13,796	15,552	16,985	16,375
Other Noncurrent Operating Assets	31,888	34,510	36,339	7,929	10,706	12,882	14,942	33,890	32,825	12,865
Total Liabilities & Shareholders' Equity	224,925	237,951	258,496	256,540	258,537	267,261	257,035	255,884	273,310	285,196
Total Liabilities	196,174	208,668	222,792	220,474	225,307	236,450	208,413	212,717	230,512	240,338
Total Current Liabilities	82,336	90,281	94,600	95,569	98,132	97,192	90,727	96,866	101,531	106,859
Short-Term Debt	42,975	49,669	51,621	53,493	53,946	51,343	49,692	50,164	49,669	54,949
Accounts Payable	20,272	21,296	23,282	21,520	21,199	22,204	22,349	25,605	25,992	24,128
Other Current Liabilities	19,089	19,316	19,697	20,556	22,987	23,645	18,686	21,097	25,870	27,782
Total Noncurrent Liabilities	113,838	118,387	128,192	124,905	127,175	139,258	117,686	115,851	128,981	133,479
Long-Term Debt	89,879	93,301	102,666	100,720	101,361	110,341	88,400	88,805	99,562	103,573
Noncurrent Deferred & Payable Income Tax Liabilities	502	691	815	597	490	538	1,581	1,549	1,005	1,074
Other Noncurrent Operating Liabilities	23,457	24,395	24,711	23,588	25,324	28,379	27,705	25,497	28,414	28,832
Total Equity & Noncontrolling Interests	28,657	29,187	35,606	35,966	33,230	30,811	48,622	43,167	42,798	44,858
Total Preferred & Common Equity	28,642	29,170	35,578	35,932	33,185	30,690	48,519	43,242	42,773	44,835
Total Common Equity	28,601	29,170	35,537	35,932	33,185	30,649	48,519	43,242	42,773	44,835
Common Stock	21,421	21,671	21,843	22,047	22,206	22,290	22,652	22,874	23,170	23,544
Retained Earnings	14,414	15,634	21,906	22,668	20,320	18,243	35,769	31,754	31,029	33,740
Treasury Stock	-977	-1,122	-1,253	-1,417	-1,613	-1,590	-1,563	-2,047	-2,384	-2,810
Accumulated Other Comprehensive Income / (Loss)	-6,257	-7,013	-6,959	-7,366	-7,728	-8,294	-8,339	-9,339	-9,042	-9,639
Noncontrolling Interest	15	17	28	34	45	121	103	-75	25	23

This table presents Ford Motor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	246,919	255,884	256,800	265,991	268,073	273,310	274,341	276,586	287,047	285,196	284,539
Total Current Assets	108,088	116,476	115,123	121,712	121,361	121,481	120,595	120,518	125,099	124,474	123,054
Cash & Equivalents	21,548	25,134	22,144	26,406	26,427	24,862	19,721	19,953	23,449	22,935	20,864
Short-Term Investments	18,625	18,936	17,369	16,415	14,688	15,309	14,742	14,613	13,456	15,413	14,362
Note & Lease Receivable	33,902	38,720	40,350	42,557	42,572	46,425	44,600	47,434	49,340	51,850	47,997
Accounts Receivable	14,764	15,729	14,920	14,482	15,129	15,601	18,698	16,802	16,469	14,723	17,225
Inventories, net	15,213	14,080	16,212	17,703	18,326	15,651	18,632	17,183	18,025	14,951	17,895
Other Current Assets	3,936	3,877	4,128	4,149	4,219	3,633	4,202	4,533	4,360	4,602	4,711
Plant, Property, & Equipment, net	35,529	37,265	37,970	38,503	39,370	40,821	40,515	40,709	41,169	41,928	42,471
Total Noncurrent Assets	103,302	102,143	103,707	105,776	107,342	111,008	113,231	115,359	120,779	118,794	119,014
Long-Term Investments	2,556	2,798	3,448	3,578	4,403	5,548	6,336	7,215	8,029	6,821	5,168
Noncurrent Note & Lease Receivables	71,238	49,903	73,092	74,229	74,849	55,650	78,103	79,704	82,278	82,733	82,869
Noncurrent Deferred & Refundable Income Taxes	15,149	15,552	15,572	15,860	15,662	16,985	16,726	16,468	17,216	16,375	17,022
Other Noncurrent Operating Assets	14,359	33,890	11,595	12,109	12,428	32,825	12,066	11,972	13,256	12,865	13,955
Total Liabilities & Shareholders' Equity	246,919	255,884	256,800	265,991	268,073	273,310	274,341	276,586	287,047	285,196	284,539
Total Liabilities	204,830	212,717	214,603	222,385	223,797	230,512	231,444	232,991	242,708	240,338	239,879
Total Current Liabilities	90,167	96,866	95,905	101,015	100,268	101,531	103,206	103,403	109,036	106,859	108,732
Short-Term Debt	44,050	50,164	48,050	49,341	48,638	49,669	49,790	50,565	53,564	54,949	54,440
Accounts Payable	27,051	25,605	26,028	27,749	27,813	25,992	27,384	25,458	27,424	24,128	26,259
Other Current Liabilities	19,066	21,097	21,827	23,925	23,817	25,870	26,032	27,380	28,048	27,782	28,033
Total Noncurrent Liabilities	114,663	115,851	118,698	121,370	123,529	128,981	128,238	129,588	133,672	133,479	131,147
Long-Term Debt	84,279	88,805	91,242	93,895	94,024	99,562	99,625	100,336	103,694	103,573	100,830
Noncurrent Deferred & Payable Income Tax Liabilities	1,793	1,549	1,548	1,721	1,654	1,005	889	963	1,001	1,074	1,434
Other Noncurrent Operating Liabilities	28,591	25,497	25,908	25,754	27,851	28,414	27,724	28,289	28,977	28,832	28,883
Total Equity & Noncontrolling Interests	42,089	43,167	42,197	43,606	44,276	42,798	42,897	43,595	44,339	44,858	44,660
Total Preferred & Common Equity	42,125	43,242	42,366	43,677	44,263	42,773	42,870	43,567	44,315	44,835	44,635
Total Common Equity	42,125	43,242	42,366	43,677	44,263	42,773	42,870	43,567	44,315	44,835	44,635
Common Stock	22,810	22,874	22,931	23,071	23,074	23,170	23,167	23,312	23,439	23,544	23,604
Retained Earnings	31,072	31,754	30,270	31,577	32,169	31,029	31,019	32,240	32,525	33,740	32,999
Treasury Stock	-1,564	-2,047	-2,047	-2,047	-2,047	-2,384	-2,384	-2,628	-2,660	-2,810	-2,810
Accumulated Other Comprehensive Income / (Loss)	-10,193	-9,339	-8,788	-8,924	-8,933	-9,042	-8,932	-9,357	-8,989	-9,639	-9,158
Noncontrolling Interest	-36	-75	-169	-71	13	25	27	28	24	23	25

This table displays calculated financial ratios and metrics derived from Ford Motor's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.80%	1.50%	3.28%	2.27%	-2.77%	-18.45%	7.23%	15.93%	11.47%	5.00%
EBITDA Growth	109.96%	-14.56%	13.96%	-24.09%	-30.37%	-10.07%	217.26%	-69.79%	49.34%	18.98%
EBIT Growth	1,117.86%	-35.32%	36.83%	-47.48%	-91.87%	41.09%	3,821.79%	-94.15%	331.17%	57.98%
NOPAT Growth	1,416.73%	-21.83%	18.28%	-41.30%	-85.25%	-867.94%	247.66%	-3.57%	35.57%	-28.60%
Net Income Growth	499.27%	-37.59%	68.63%	-52.37%	-97.73%	-1,619.05%	1,503.61%	-112.02%	301.16%	36.15%
EPS Growth	493.55%	-37.50%	67.83%	-52.33%	-98.91%	-3,300.00%	1,490.63%	-111.01%	320.41%	35.19%
Operating Cash Flow Growth	11.85%	22.33%	-8.84%	-16.99%	17.42%	37.59%	-34.95%	-56.59%	117.69%	3.39%
Free Cash Flow Firm Growth	83.10%	65.36%	-336.99%	77.89%	191.00%	301.25%	-9.64%	-82.41%	-400.55%	-50.38%
Invested Capital Growth	12.55%	5.63%	13.70%	3.81%	-1.47%	-9.07%	-3.68%	2.04%	8.16%	8.13%
Revenue Q/Q Growth	3.02%	-1.04%	1.73%	-33.40%	102.21%	-2.87%	1.28%	4.17%	1.13%	1.23%
EBITDA Q/Q Growth	371.14%	81.11%	256.43%	117.37%	-90.24%	-16.89%	141.30%	-55.85%	-23.08%	39.60%
EBIT Q/Q Growth	152.59%	-26.49%	73.69%	105.85%	-99.58%	-72.10%	349.80%	-89.72%	-41.27%	114.13%
NOPAT Q/Q Growth	212.42%	15.54%	13.77%	103.56%	-99.29%	-309.27%	228.29%	-36.05%	-6.08%	-2.04%
Net Income Q/Q Growth	104.75%	-36.57%	74.51%	-41.64%	-94.89%	-712.74%	529.30%	-124.28%	-29.16%	66.50%
EPS Q/Q Growth	100.00%	-36.11%	73.87%	-41.77%	-97.56%	-540.00%	535.71%	-122.07%	-30.32%	65.91%
Operating Cash Flow Q/Q Growth	11.85%	22.33%	-48.00%	-10.65%	9.59%	7.24%	-6.00%	-25.56%	9.66%	3.60%
Free Cash Flow Firm Q/Q Growth	-76.72%	-136.14%	-115.82%	96.63%	-95.40%	-9.27%	-12.30%	-82.19%	32.09%	29.84%
Invested Capital Q/Q Growth	-9.28%	-0.54%	4.91%	1.73%	0.87%	-1.55%	1.80%	6.02%	3.46%	0.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.86%	16.87%	16.24%	15.01%	13.60%	11.32%	15.91%	14.97%	14.55%	14.36%
EBITDA Margin	11.48%	9.67%	10.66%	7.92%	5.67%	6.25%	18.49%	4.82%	6.46%	7.32%
Operating Margin	4.67%	3.81%	3.11%	2.00%	0.37%	-3.47%	3.32%	3.97%	3.10%	2.82%
EBIT Margin	6.16%	3.92%	5.20%	2.67%	0.22%	0.39%	14.12%	0.71%	2.76%	4.15%
Profit (Net Income) Margin	4.93%	3.03%	4.95%	2.30%	0.05%	-1.00%	13.14%	-1.36%	2.46%	3.19%
Tax Burden Percent	71.90%	67.81%	95.07%	85.04%	-13.13%	114.34%	100.73%	71.35%	109.13%	81.49%
Interest Burden Percent	111.35%	113.92%	100.14%	101.54%	-183.91%	-227.29%	92.33%	-267.85%	81.71%	94.30%
Effective Tax Rate	28.10%	32.19%	4.93%	14.96%	0.00%	0.00%	-0.73%	0.00%	-9.13%	18.51%
Return on Invested Capital (ROIC)	4.31%	3.10%	3.34%	1.81%	0.26%	-2.14%	3.37%	3.28%	4.23%	2.79%
ROIC Less NNEP Spread (ROIC-NNEP)	6.94%	3.79%	6.26%	2.65%	-0.01%	-0.53%	17.37%	-4.16%	2.57%	4.31%
Return on Net Nonoperating Assets (RNNOA)	23.21%	12.76%	20.54%	8.49%	-0.02%	-1.85%	41.72%	-7.97%	5.84%	10.65%
Return on Equity (ROE)	27.53%	15.85%	23.87%	10.30%	0.24%	-3.98%	45.09%	-4.69%	10.07%	13.45%
Cash Return on Invested Capital (CROIC)	-7.49%	-2.38%	-9.49%	-1.93%	1.74%	7.37%	7.12%	1.26%	-3.61%	-5.02%
Operating Return on Assets (OROA)	4.25%	2.57%	3.28%	1.66%	0.14%	0.19%	7.35%	0.44%	1.83%	2.75%
Return on Assets (ROA)	3.40%	1.99%	3.13%	1.43%	0.03%	-0.49%	6.83%	-0.84%	1.64%	2.11%
Return on Common Equity (ROCE)	27.26%	15.78%	23.77%	10.25%	0.24%	-3.97%	44.94%	-4.69%	10.08%	13.44%
Return on Equity Simple (ROE_SIMPLE)	25.73%	15.77%	21.80%	10.28%	0.25%	-4.16%	36.91%	-4.98%	10.12%	13.15%
Net Operating Profit after Tax (NOPAT)	5,019	3,923	4,641	2,724	402	-3,086	4,556	4,393	5,956	4,253
NOPAT Margin	3.36%	2.58%	2.96%	1.70%	0.26%	-2.43%	3.34%	2.78%	3.38%	2.30%
Net Nonoperating Expense Percent (NNEP)	-2.63%	-0.69%	-2.92%	-0.85%	0.27%	-1.61%	-14.00%	7.44%	1.66%	-1.51%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.41%	3.10%	2.09%
Cost of Revenue to Revenue	88.14%	83.13%	83.76%	84.99%	86.40%	88.68%	84.09%	85.03%	85.45%	85.64%
SG&A Expenses to Revenue	7.20%	7.23%	13.12%	13.01%	13.23%	14.79%	12.59%	11.00%	11.46%	11.54%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.20%	13.06%	13.12%	13.01%	13.23%	14.79%	12.59%	11.00%	11.46%	11.54%
Earnings before Interest and Taxes (EBIT)	9,207	5,955	8,148	4,279	348	491	19,256	1,126	4,855	7,670
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17,173	14,672	16,720	12,692	8,838	7,948	25,216	7,619	11,378	13,537
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.30	1.17	1.05	0.68	0.95	1.00	1.50	0.92	1.07	0.88
Price to Tangible Book Value (P/TBV)	1.30	1.17	1.05	0.68	0.95	1.00	1.50	0.92	1.07	0.88
Price to Revenue (P/Rev)	0.25	0.23	0.24	0.15	0.20	0.24	0.53	0.25	0.26	0.21
Price to Earnings (P/E)	5.04	7.47	4.82	6.66	673.08	0.00	4.06	0.00	10.49	6.69
Dividend Yield	6.41%	8.12%	5.33%	9.42%	7.52%	7.82%	0.55%	5.08%	6.58%	6.36%
Earnings Yield	19.84%	13.39%	20.76%	15.02%	0.15%	0.00%	24.64%	0.00%	9.53%	14.94%
Enterprise Value to Invested Capital (EV/IC)	1.07	1.04	1.01	0.93	0.99	1.00	1.18	0.97	1.02	0.97
Enterprise Value to Revenue (EV/Rev)	0.88	0.89	0.95	0.89	0.96	1.08	1.15	0.83	0.85	0.83
Enterprise Value to EBITDA (EV/EBITDA)	7.67	9.22	8.95	11.20	16.95	17.29	6.22	17.27	13.11	11.28
Enterprise Value to EBIT (EV/EBIT)	14.31	22.71	18.37	33.22	430.51	279.95	8.15	116.88	30.72	19.91
Enterprise Value to NOPAT (EV/NOPAT)	26.25	34.47	32.25	52.19	372.86	0.00	34.42	29.96	25.04	35.91
Enterprise Value to Operating Cash Flow (EV/OCF)	8.12	6.81	8.27	9.46	8.49	5.66	9.93	19.20	10.00	9.90
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	56.45	12.91	16.30	77.77	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.62	4.88	4.32	4.28	4.67	5.25	2.84	3.22	3.49	3.53
Long-Term Debt to Equity	3.13	3.19	2.88	2.79	3.05	3.58	1.82	2.06	2.33	2.31
Financial Leverage	3.34	3.37	3.28	3.20	3.40	3.51	2.40	1.92	2.28	2.47
Leverage Ratio	8.09	7.98	7.64	7.18	7.43	8.21	6.60	5.59	6.16	6.37
Compound Leverage Factor	9.01	9.09	7.65	7.29	-13.67	-18.66	6.09	-14.97	5.03	6.01
Debt to Total Capital	82.21%	83.00%	81.21%	81.05%	82.37%	83.99%	73.96%	76.30%	77.71%	77.94%
Short-Term Debt to Total Capital	26.59%	28.83%	27.17%	28.11%	28.61%	26.67%	26.61%	27.54%	25.87%	27.02%
Long-Term Debt to Total Capital	55.62%	54.17%	54.04%	52.93%	53.76%	57.32%	47.35%	48.76%	51.85%	50.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.07%	0.07%	0.07%	0.07%	0.02%	0.06%	0.06%	-0.04%	0.01%	0.01%
Common Equity to Total Capital	17.70%	16.93%	18.70%	18.88%	17.60%	15.92%	25.99%	23.74%	22.27%	22.04%
Debt to EBITDA	7.74	9.74	9.23	12.15	17.57	20.34	5.48	18.24	13.12	11.71
Net Debt to EBITDA	5.50	6.87	6.72	9.26	13.37	13.44	3.33	12.09	9.10	8.37
Long-Term Debt to EBITDA	5.23	6.36	6.14	7.94	11.47	13.88	3.51	11.66	8.75	7.65
Debt to NOPAT	26.47	36.44	33.25	56.62	386.53	-52.40	30.31	31.63	25.06	37.27
Net Debt to NOPAT	18.82	25.70	24.19	43.16	294.02	-34.62	18.43	20.96	17.38	26.65
Long-Term Debt to NOPAT	17.91	23.78	22.12	36.98	252.27	-35.76	19.40	20.21	16.72	24.35
Altman Z-Score	1.11	1.00	1.03	0.96	0.88	0.74	1.27	1.01	1.07	1.08
Noncontrolling Interest Sharing Ratio	0.97%	0.45%	0.43%	0.42%	0.26%	0.32%	0.33%	0.03%	-0.06%	0.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.25	1.20	1.23	1.20	1.16	1.20	1.20	1.20	1.20	1.16
Quick Ratio	1.11	1.07	1.08	1.04	0.99	1.05	1.03	1.02	1.01	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-8,715	-3,019	-13,191	-2,916	2,654	10,648	9,622	1,692	-5,086	-7,648
Operating Cash Flow to CapEx	225.49%	283.90%	256.72%	192.96%	231.12%	422.66%	253.53%	99.81%	181.13%	177.60%
Free Cash Flow to Firm to Interest Expense	-11.27	-3.17	-11.09	-51.16	2.60	6.46	5.34	1.34	-3.91	-6.86
Operating Cash Flow to Interest Expense	20.99	20.87	15.21	263.54	17.29	14.72	8.76	5.44	11.46	13.83
Operating Cash Flow Less CapEx to Interest Expense	11.68	13.52	9.28	126.96	9.81	11.24	5.30	-0.01	5.13	6.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.66	0.63	0.62	0.61	0.48	0.52	0.62	0.67	0.66
Accounts Receivable Turnover	13.15	13.71	14.45	14.71	15.26	13.22	12.76	11.67	11.25	12.20
Inventory Turnover	16.28	14.66	13.08	12.17	12.24	10.44	10.03	10.28	10.13	10.35
Fixed Asset Turnover	4.96	4.88	4.65	3.19	2.38	2.47	3.67	4.25	4.51	4.47
Accounts Payable Turnover	6.54	6.07	5.89	6.08	6.31	5.20	5.15	5.61	5.84	6.32
Days Sales Outstanding (DSO)	27.76	26.62	25.26	24.81	23.92	27.60	28.60	31.29	32.45	29.92
Days Inventory Outstanding (DIO)	22.41	24.90	27.90	29.99	29.82	34.95	36.41	35.50	36.04	35.25
Days Payable Outstanding (DPO)	55.81	60.11	61.95	60.00	57.88	70.25	70.92	65.12	62.55	57.73
Cash Conversion Cycle (CCC)	-5.63	-8.59	-8.79	-5.20	-4.15	-7.70	-5.91	1.68	5.95	7.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	123,205	130,147	147,979	153,619	151,367	137,633	132,567	135,268	146,310	158,211
Invested Capital Turnover	1.29	1.20	1.13	1.06	1.02	0.88	1.01	1.18	1.25	1.22
Increase / (Decrease) in Invested Capital	13,734	6,942	17,832	5,640	-2,252	-13,734	-5,066	2,701	11,042	11,901
Enterprise Value (EV)	131,733	135,218	149,644	142,169	149,817	137,455	156,842	131,603	149,149	152,721
Market Capitalization	37,170	34,266	37,243	24,482	31,635	30,512	72,785	39,577	45,612	39,345
Book Value per Share	$7.21	$7.34	$8.95	$9.03	$8.37	$7.70	$12.14	$10.76	$10.69	$11.28
Tangible Book Value per Share	$7.21	$7.34	$8.95	$9.03	$8.37	$7.70	$12.14	$10.76	$10.69	$11.28
Total Capital	161,605	172,253	189,991	190,279	188,537	192,495	186,714	182,136	192,029	203,380
Total Debt	132,854	142,970	154,287	154,213	155,307	161,684	138,092	138,969	149,231	158,522
Total Long-Term Debt	89,879	93,301	102,666	100,720	101,361	110,341	88,400	88,805	99,562	103,573
Net Debt	94,454	100,839	112,275	117,553	118,137	106,822	83,954	92,101	103,512	113,353
Capital Expenditures (CapEx)	7,196	6,992	7,049	7,785	7,632	5,742	6,227	6,866	8,236	8,684
Debt-free, Cash-free Net Working Capital (DFCFNWC)	28,050	29,022	34,895	38,622	35,210	20,934	18,368	25,704	29,448	34,216
Debt-free Net Working Capital (DFNWC)	63,226	67,849	73,822	72,573	69,861	70,895	67,961	69,774	69,619	72,564
Net Working Capital (NWC)	20,251	18,180	22,201	19,080	15,915	19,552	18,269	19,610	19,950	17,615
Net Nonoperating Expense (NNE)	-2,352	-677	-3,116	-971	318	-1,810	-13,354	6,545	1,627	-1,641
Net Nonoperating Obligations (NNO)	94,454	100,864	112,275	117,553	118,137	106,822	83,945	92,101	103,512	113,353
Total Depreciation and Amortization (D&A)	7,966	8,717	8,572	8,413	8,490	7,457	5,960	6,493	6,523	5,867
Debt-free, Cash-free Net Working Capital to Revenue	18.76%	19.12%	22.26%	24.09%	22.59%	16.46%	13.47%	16.26%	16.71%	18.50%
Debt-free Net Working Capital to Revenue	42.28%	44.70%	47.09%	45.26%	44.81%	55.76%	49.85%	44.14%	39.51%	39.23%
Net Working Capital to Revenue	13.54%	11.98%	14.16%	11.90%	10.21%	15.38%	13.40%	12.41%	11.32%	9.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.86	$1.16	$1.91	$0.93	$0.01	($0.32)	$4.49	($0.49)	$1.09	$1.48
Adjusted Weighted Average Basic Shares Outstanding	3.97B	3.97B	3.97B	3.98B	3.97B	3.97B	3.99B	4.01B	4.00B	3.98B
Adjusted Diluted Earnings per Share	$1.84	$1.15	$1.90	$0.92	$0.01	($0.32)	$4.45	($0.49)	$1.08	$1.46
Adjusted Weighted Average Diluted Shares Outstanding	3.97B	3.97B	3.97B	3.98B	4.00B	3.97B	4.03B	4.01B	4.04B	4.02B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.97B	3.97B	3.97B	3.98B	3.96B	3.98B	4.00B	3.99B	3.97B	3.96B
Normalized Net Operating Profit after Tax (NOPAT)	5,019	3,923	4,641	2,724	402	-3,086	3,166	4,393	3,821	4,253
Normalized NOPAT Margin	3.36%	2.58%	2.96%	1.70%	0.26%	-2.43%	2.32%	2.78%	2.17%	2.30%
Pre Tax Income Margin	6.85%	4.47%	5.20%	2.71%	-0.41%	-0.88%	13.04%	-1.91%	2.25%	3.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.91	6.26	6.85	75.07	0.34	0.30	10.68	0.89	3.73	6.88
NOPAT to Interest Expense	6.49	4.13	3.90	47.79	0.39	-1.87	2.53	3.49	4.57	3.81
EBIT Less CapEx to Interest Expense	2.60	-1.09	0.92	-61.51	-7.14	-3.18	7.23	-4.56	-2.60	-0.91
NOPAT Less CapEx to Interest Expense	-2.82	-3.23	-2.02	-88.79	-7.09	-5.35	-0.93	-1.96	-1.75	-3.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.29%	73.39%	33.31%	78.62%	2,844.05%	-46.71%	2.25%	-93.36%	115.38%	52.90%
Augmented Payout Ratio	34.04%	76.54%	35.00%	83.06%	3,126.19%	-46.71%	2.25%	-115.85%	123.12%	60.13%

This table displays calculated financial ratios and metrics derived from Ford Motor's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.39%	16.78%	20.30%	11.85%	11.19%	4.46%	3.14%	6.35%	5.47%	4.89%	-4.95%
EBITDA Growth	-7.14%	-73.55%	302.14%	61.86%	-11.51%	-98.50%	-18.53%	-6.56%	-21.76%	7,384.62%	-31.88%
EBIT Growth	-16.96%	-84.76%	166.64%	159.90%	-20.53%	-193.21%	-26.27%	-7.55%	-31.35%	248.36%	-52.70%
NOPAT Growth	-72.80%	108.47%	73.13%	-6.26%	170.64%	-110.18%	-37.71%	-34.71%	-4.97%	667.96%	-76.03%
Net Income Growth	-151.04%	-89.74%	153.32%	215.99%	226.13%	-141.54%	-19.78%	-9.08%	-23.61%	450.10%	-64.54%
EPS Growth	-146.67%	-88.85%	156.41%	193.75%	242.86%	-138.24%	-25.00%	-2.13%	-26.67%	446.15%	-63.64%
Operating Cash Flow Growth	-45.61%	-66.64%	358.30%	70.85%	20.44%	111.55%	-50.54%	9.39%	19.84%	21.51%	165.63%
Free Cash Flow Firm Growth	-72.56%	-117.29%	-192.03%	-198.15%	-531.25%	-1,004.24%	-490.17%	-68.27%	-11.33%	2.56%	35.01%
Invested Capital Growth	-2.02%	2.04%	2.71%	6.54%	10.84%	8.16%	9.37%	8.74%	10.78%	8.13%	5.30%
Revenue Q/Q Growth	-1.99%	11.70%	-5.74%	8.39%	-2.56%	4.93%	-6.93%	11.76%	-3.37%	4.36%	-15.66%
EBITDA Q/Q Growth	29.47%	0.49%	14.31%	8.83%	-29.22%	-98.30%	6,107.69%	24.81%	-40.73%	62.98%	-43.50%
EBIT Q/Q Growth	74.35%	-3.07%	32.33%	16.22%	-46.69%	-213.67%	204.68%	45.73%	-60.41%	145.67%	-66.63%
NOPAT Q/Q Growth	-84.75%	377.75%	-3.44%	33.23%	-55.97%	-117.96%	691.10%	39.65%	-35.91%	7.35%	-75.06%
Net Income Q/Q Growth	-245.77%	235.38%	32.09%	21.23%	-41.82%	-144.59%	355.07%	37.41%	-51.12%	104.35%	-74.17%
EPS Q/Q Growth	-231.25%	261.90%	29.41%	6.82%	-36.17%	-143.33%	353.85%	39.39%	-52.17%	104.55%	-73.33%
Operating Cash Flow Q/Q Growth	29.35%	-69.10%	137.69%	79.82%	-8.82%	-45.72%	-44.42%	297.69%	-0.11%	-44.97%	21.50%
Free Cash Flow Firm Q/Q Growth	-54.58%	-134.01%	-99.75%	-218.06%	-99.58%	12.91%	-6.76%	9.31%	-32.05%	23.78%	28.80%
Invested Capital Q/Q Growth	-3.21%	6.02%	2.41%	1.38%	0.70%	3.46%	3.56%	0.79%	2.59%	0.99%	0.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.79%	14.05%	16.41%	16.65%	14.28%	11.10%	14.73%	15.31%	13.05%	14.33%	13.46%
EBITDA Margin	8.76%	7.88%	9.55%	9.59%	6.97%	0.11%	7.55%	8.43%	5.17%	8.07%	5.41%
Operating Margin	1.28%	3.55%	5.09%	5.47%	2.58%	-0.53%	2.86%	3.94%	1.90%	2.55%	0.78%
EBIT Margin	4.63%	4.01%	5.63%	6.04%	3.31%	-3.58%	4.03%	5.25%	2.15%	5.07%	2.00%
Profit (Net Income) Margin	-2.36%	2.86%	4.01%	4.48%	2.68%	-1.14%	3.12%	3.83%	1.94%	3.80%	1.16%
Tax Burden Percent	82.67%	107.98%	77.03%	88.11%	84.57%	28.01%	82.75%	75.18%	103.11%	79.13%	76.17%
Interest Burden Percent	-61.75%	66.02%	92.38%	84.24%	95.79%	113.43%	93.56%	97.09%	87.42%	94.76%	76.20%
Effective Tax Rate	0.00%	-7.98%	22.97%	11.89%	15.43%	0.00%	17.25%	24.82%	-3.11%	20.87%	23.83%
Return on Invested Capital (ROIC)	1.05%	4.52%	4.74%	6.02%	2.82%	-0.47%	2.90%	3.64%	2.41%	2.45%	0.70%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.38%	4.04%	4.78%	5.85%	3.06%	-0.83%	3.21%	4.05%	2.40%	3.25%	0.91%
Return on Net Nonoperating Assets (RNNOA)	-0.86%	7.74%	10.19%	12.29%	6.48%	-1.88%	7.74%	9.56%	5.67%	8.03%	2.32%
Return on Equity (ROE)	0.19%	12.26%	14.92%	18.30%	9.30%	-2.35%	10.64%	13.21%	8.08%	10.48%	3.02%
Cash Return on Invested Capital (CROIC)	7.37%	1.26%	1.86%	-1.98%	-5.57%	-3.61%	-5.27%	-5.46%	-7.31%	-5.02%	-2.92%
Operating Return on Assets (OROA)	2.81%	2.47%	3.65%	4.01%	2.24%	-2.38%	2.69%	3.49%	1.42%	3.36%	1.31%
Return on Assets (ROA)	-1.43%	1.76%	2.60%	2.98%	1.81%	-0.76%	2.08%	2.55%	1.28%	2.52%	0.76%
Return on Common Equity (ROCE)	0.19%	12.26%	14.93%	18.30%	9.30%	-2.35%	10.66%	13.21%	8.07%	10.48%	3.02%
Return on Equity Simple (ROE_SIMPLE)	21.04%	0.00%	6.21%	9.18%	13.81%	0.00%	9.33%	8.76%	7.99%	0.00%	11.28%
Net Operating Profit after Tax (NOPAT)	353	1,686	1,628	2,168	955	-172	1,014	1,416	907	974	243
NOPAT Margin	0.90%	3.83%	3.92%	4.82%	2.18%	-0.37%	2.37%	2.96%	1.96%	2.02%	0.60%
Net Nonoperating Expense Percent (NNEP)	1.43%	0.48%	-0.04%	0.17%	-0.24%	0.36%	-0.31%	-0.41%	0.01%	-0.79%	-0.21%
Return On Investment Capital (ROIC_SIMPLE)	-	0.93%	-	-	-	-0.09%	-	-	-	0.48%	0.12%
Cost of Revenue to Revenue	87.21%	85.95%	83.59%	83.35%	85.72%	88.90%	85.27%	84.69%	86.95%	85.67%	86.54%
SG&A Expenses to Revenue	11.51%	10.50%	11.31%	11.17%	11.70%	11.63%	11.87%	11.37%	11.14%	11.78%	12.67%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.51%	10.50%	11.31%	11.17%	11.70%	11.63%	11.87%	11.37%	11.14%	11.78%	12.67%
Earnings before Interest and Taxes (EBIT)	1,822	1,766	2,337	2,716	1,448	-1,646	1,723	2,511	994	2,442	815
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,449	3,466	3,962	4,312	3,052	52	3,228	4,029	2,388	3,892	2,199
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.96	0.92	1.11	1.30	1.05	1.07	1.24	1.15	0.95	0.88	0.89
Price to Tangible Book Value (P/TBV)	0.96	0.92	1.11	1.30	1.05	1.07	1.24	1.15	0.95	0.88	0.89
Price to Revenue (P/Rev)	0.27	0.25	0.29	0.33	0.27	0.26	0.30	0.28	0.23	0.21	0.22
Price to Earnings (P/E)	4.48	0.00	16.31	13.72	7.53	10.49	13.55	13.05	11.90	6.69	7.92
Dividend Yield	4.48%	5.08%	4.66%	4.23%	6.47%	6.58%	4.74%	5.02%	5.97%	6.36%	7.48%
Earnings Yield	22.33%	0.00%	6.13%	7.29%	13.29%	9.53%	7.38%	7.66%	8.41%	14.94%	12.62%
Enterprise Value to Invested Capital (EV/IC)	0.99	0.97	1.03	1.09	1.01	1.02	1.07	1.04	0.99	0.97	0.97
Enterprise Value to Revenue (EV/Rev)	0.83	0.83	0.87	0.90	0.82	0.85	0.91	0.88	0.84	0.83	0.85
Enterprise Value to EBITDA (EV/EBITDA)	7.30	17.27	10.58	10.11	9.70	13.11	15.20	15.37	15.91	11.28	12.36
Enterprise Value to EBIT (EV/EBIT)	11.50	116.88	20.55	17.76	17.36	30.72	38.15	39.45	43.08	19.91	22.87
Enterprise Value to NOPAT (EV/NOPAT)	18.33	29.96	23.12	25.89	22.63	25.04	30.27	37.30	35.55	35.91	44.47
Enterprise Value to Operating Cash Flow (EV/OCF)	13.68	19.20	13.34	11.97	10.55	10.00	11.98	11.39	10.37	9.90	8.73
Enterprise Value to Free Cash Flow (EV/FCFF)	13.25	77.77	56.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.05	3.22	3.30	3.28	3.22	3.49	3.48	3.46	3.55	3.53	3.48
Long-Term Debt to Equity	2.00	2.06	2.16	2.15	2.12	2.33	2.32	2.30	2.34	2.31	2.26
Financial Leverage	2.27	1.92	2.13	2.10	2.11	2.28	2.41	2.36	2.36	2.47	2.55
Leverage Ratio	6.34	5.59	5.84	5.83	5.96	6.16	6.24	6.22	6.26	6.37	6.38
Compound Leverage Factor	-3.92	3.69	5.40	4.91	5.71	6.98	5.84	6.04	5.48	6.04	4.86
Debt to Total Capital	75.30%	76.30%	76.75%	76.66%	76.32%	77.71%	77.69%	77.59%	78.01%	77.94%	77.66%
Short-Term Debt to Total Capital	25.85%	27.54%	26.48%	26.41%	26.02%	25.87%	25.89%	26.00%	26.57%	27.02%	27.23%
Long-Term Debt to Total Capital	49.45%	48.76%	50.27%	50.25%	50.30%	51.85%	51.80%	51.59%	51.44%	50.93%	50.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.02%	-0.04%	-0.09%	-0.04%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Common Equity to Total Capital	24.72%	23.74%	23.34%	23.38%	23.68%	22.27%	22.29%	22.40%	21.98%	22.04%	22.33%
Debt to EBITDA	7.44	18.24	10.29	9.43	9.64	13.12	14.04	14.56	16.22	11.71	12.41
Net Debt to EBITDA	4.96	12.09	7.11	6.38	6.57	9.10	10.20	10.53	11.58	8.37	9.18
Long-Term Debt to EBITDA	4.88	11.66	6.74	6.18	6.36	8.75	9.36	9.68	10.69	7.65	8.06
Debt to NOPAT	18.68	31.63	22.48	24.16	22.50	25.06	27.95	35.35	36.22	37.27	44.65
Net Debt to NOPAT	12.46	20.96	15.55	16.33	15.32	17.38	20.32	25.57	25.87	26.65	33.03
Long-Term Debt to NOPAT	12.27	20.21	14.73	15.84	14.83	16.72	18.64	23.51	23.88	24.35	28.99
Altman Z-Score	1.02	1.02	1.06	1.08	1.05	0.99	1.04	1.05	0.98	1.01	0.97
Noncontrolling Interest Sharing Ratio	0.10%	0.03%	-0.03%	0.00%	-0.03%	-0.06%	-0.17%	-0.05%	0.04%	0.05%	0.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.20	1.20	1.20	1.20	1.21	1.20	1.17	1.17	1.15	1.16	1.13
Quick Ratio	0.99	1.02	0.99	0.99	0.99	1.01	0.95	0.96	0.94	0.98	0.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,986	-1,015	-2,028	-6,452	-12,876	-11,214	-11,971	-10,856	-14,336	-10,927	-7,780
Operating Cash Flow to CapEx	220.09%	57.05%	157.30%	258.34%	207.55%	108.58%	66.14%	262.29%	276.20%	121.22%	202.37%
Free Cash Flow to Firm to Interest Expense	9.30	-3.19	-6.59	-21.22	-39.74	-30.64	-43.06	-40.21	-52.70	-37.04	-27.01
Operating Cash Flow to Interest Expense	11.88	3.70	9.09	16.56	14.17	6.81	4.98	20.40	20.23	10.26	12.77
Operating Cash Flow Less CapEx to Interest Expense	6.48	-2.79	3.31	10.15	7.34	0.54	-2.55	12.62	12.90	1.80	6.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.61	0.62	0.65	0.66	0.68	0.67	0.67	0.66	0.66	0.66	0.65
Accounts Receivable Turnover	11.85	11.67	11.81	11.51	11.66	11.25	10.56	11.53	11.57	12.20	10.18
Inventory Turnover	8.98	10.28	9.08	9.11	8.80	10.13	8.75	8.91	8.69	10.35	8.60
Fixed Asset Turnover	4.21	4.25	4.43	4.55	4.65	4.51	4.52	4.55	4.54	4.47	4.41
Accounts Payable Turnover	5.16	5.61	5.68	5.65	5.38	5.84	5.71	5.84	5.72	6.32	5.86
Days Sales Outstanding (DSO)	30.81	31.29	30.91	31.72	31.31	32.45	34.57	31.66	31.56	29.92	35.85
Days Inventory Outstanding (DIO)	40.64	35.50	40.22	40.06	41.50	36.04	41.74	40.98	41.99	35.25	42.42
Days Payable Outstanding (DPO)	70.71	65.12	64.23	64.66	67.88	62.55	63.98	62.50	63.80	57.73	62.30
Cash Conversion Cycle (CCC)	0.74	1.68	6.89	7.13	4.93	5.95	12.32	10.14	9.74	7.43	15.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	127,589	135,268	138,528	140,443	141,420	146,310	151,513	152,715	156,663	158,211	159,536
Invested Capital Turnover	1.18	1.18	1.21	1.25	1.30	1.25	1.22	1.23	1.23	1.22	1.18
Increase / (Decrease) in Invested Capital	-2,633	2,701	3,656	8,620	13,831	11,042	12,985	12,272	15,243	11,901	8,023
Enterprise Value (EV)	125,914	131,603	143,219	153,498	143,530	149,149	161,802	159,212	154,327	152,721	154,654
Market Capitalization	40,350	39,577	47,057	56,732	46,373	45,612	53,159	50,064	41,979	39,345	39,753
Book Value per Share	$10.48	$10.76	$10.63	$10.92	$11.06	$10.69	$10.77	$10.91	$11.15	$11.28	$11.26
Tangible Book Value per Share	$10.48	$10.76	$10.63	$10.92	$11.06	$10.69	$10.77	$10.91	$11.15	$11.28	$11.26
Total Capital	170,418	182,136	181,489	186,842	186,938	192,029	192,312	194,496	201,597	203,380	199,930
Total Debt	128,329	138,969	139,292	143,236	142,662	149,231	149,415	150,901	157,258	158,522	155,270
Total Long-Term Debt	84,279	88,805	91,242	93,895	94,024	99,562	99,625	100,336	103,694	103,573	100,830
Net Debt	85,600	92,101	96,331	96,837	97,144	103,512	108,616	109,120	112,324	113,353	114,876
Capital Expenditures (CapEx)	1,732	2,065	1,780	1,949	2,212	2,295	2,094	2,100	1,992	2,498	1,818
Debt-free, Cash-free Net Working Capital (DFCFNWC)	21,798	25,704	27,755	27,217	28,616	29,448	32,716	33,114	32,722	34,216	33,536
Debt-free Net Working Capital (DFNWC)	61,971	69,774	67,268	70,038	69,731	69,619	67,179	67,680	69,627	72,564	68,762
Net Working Capital (NWC)	17,921	19,610	19,218	20,697	21,093	19,950	17,389	17,115	16,063	17,615	14,322
Net Nonoperating Expense (NNE)	1,283	427	-35	152	-218	352	-320	-417	11	-857	-230
Net Nonoperating Obligations (NNO)	85,500	92,101	96,331	96,837	97,144	103,512	108,616	109,120	112,324	113,353	114,876
Total Depreciation and Amortization (D&A)	1,627	1,700	1,625	1,596	1,604	1,698	1,505	1,518	1,394	1,450	1,384
Debt-free, Cash-free Net Working Capital to Revenue	14.37%	16.26%	16.82%	16.03%	16.42%	16.71%	18.43%	18.36%	17.91%	18.50%	18.34%
Debt-free Net Working Capital to Revenue	40.84%	44.14%	40.75%	41.24%	40.02%	39.51%	37.85%	37.53%	38.10%	39.23%	37.60%
Net Working Capital to Revenue	11.81%	12.41%	11.64%	12.19%	12.11%	11.32%	9.80%	9.49%	8.79%	9.52%	7.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.21)	$0.33	$0.44	$0.48	$0.30	($0.13)	$0.33	$0.46	$0.22	$0.47	$0.12
Adjusted Weighted Average Basic Shares Outstanding	4.02B	4.01B	3.99B	4.00B	4.00B	4.00B	3.98B	3.99B	3.98B	3.98B	3.97B
Adjusted Diluted Earnings per Share	($0.21)	$0.34	$0.44	$0.47	$0.30	($0.13)	$0.33	$0.46	$0.22	$0.45	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	4.02B	4.01B	4.03B	4.04B	4.05B	4.04B	4.02B	4.02B	4.02B	4.02B	4.01B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.02B	3.99B	4.00B	4.00B	4.00B	3.97B	3.99B	3.98B	3.97B	3.96B	3.98B
Normalized Net Operating Profit after Tax (NOPAT)	353	1,093	1,628	2,168	955	-172	1,014	1,416	616	974	243
Normalized NOPAT Margin	0.90%	2.48%	3.92%	4.82%	2.18%	-0.37%	2.37%	2.96%	1.33%	2.02%	0.60%
Pre Tax Income Margin	-2.86%	2.65%	5.21%	5.09%	3.17%	-4.06%	3.77%	5.10%	1.88%	4.80%	1.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.68	5.55	7.59	8.93	4.47	-4.50	6.20	9.30	3.65	8.28	2.83
NOPAT to Interest Expense	1.10	5.30	5.28	7.13	2.95	-0.47	3.65	5.24	3.34	3.30	0.84
EBIT Less CapEx to Interest Expense	0.28	-0.94	1.81	2.52	-2.36	-10.77	-1.33	1.52	-3.67	-0.19	-3.48
NOPAT Less CapEx to Interest Expense	-4.30	-1.19	-0.49	0.72	-3.88	-6.74	-3.89	-2.53	-3.99	-5.17	-5.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.42%	-93.36%	182.40%	124.65%	81.71%	115.38%	78.20%	81.90%	88.22%	52.90%	59.37%
Augmented Payout Ratio	20.42%	-115.85%	200.80%	136.73%	89.63%	123.12%	86.58%	97.07%	105.48%	60.13%	67.83%

Key Financial Trends

Ford Motor Company (NYSE: F) has shown mixed financial performance over the recent quarters with some key trends emerging from the last four years of data.

Positive trends:

Revenue Growth: Ford's quarterly operating revenue showed an upward trend from around $39.4 billion in Q3 2022 to approximately $40.7 billion in Q1 2025, though with some fluctuations along the way.
Increasing Gross Profit: Gross profit has generally increased over time, with notable highs around $7.3 billion in Q2 2024, evidencing better cost control or pricing.
Consistent Net Income in recent years: After a dip in late 2022 and early 2023 with losses, Ford returned to consistent positive net income starting mid-2023, showing improved profitability with Q1 2025 net income at $473 million.
Solid Operating Cash Flow: The company generated $3.7 billion in net cash from operating activities in Q1 2025, reflecting healthy cash generation from core business.
Stable Capital Expenditures: Capex has been relatively steady, around $2 billion per quarter, supporting ongoing investments without excessive strain on cash.
Reduction in Debt in Q1 2025: The company repaid approximately $16.3 billion in debt in Q1 2025, indicating efforts to reduce leverage and improve financial stability.
Equity Base Strong: Total common equity remained fairly stable around $42 billion to $44 billion over recent years, a good sign of shareholders' value.

Neutral observations:

Dividends Paid: Ford paid consistent dividends, e.g., $0.30 per share in Q1 2025, which is attractive to income investors but requires ongoing profitability to sustain.
Investment Activities: The company made sizeable purchases and sales of investments, leading to varying net investing cash flows, showing an active portfolio management approach.
Share Count: The weighted average shares outstanding remained stable around 4 billion shares, indicating no major dilution or buybacks in the recent periods.

Negative trends:

Profitability Fluctuations: Ford experienced losses in late 2022 (Q4 2022 net loss approx. $526 million), signaling some operational or external challenges during that time.
High Operating Costs: The operating costs of revenue were very high, often above 85% of revenue, squeezing margins and limiting profit expansion.
Interest Expense: Consistent interest costs of around $270-$360 million per quarter reduce net income and reflect substantial debt levels.
Large Debt Balances: Total liabilities stayed around $230-$240 billion, with long-term debt close to $90-$100 billion, pointing to a significant leverage burden.
Volatile Other Income/Expense: Other income/expense net values swung from gains to large losses, e.g., -$1.6 billion in Q4 2023, contributing to overall profit volatility.
Declining Cash Buffers in Early 2025: Cash and equivalents declined from about $23 billion in Q4 2024 to $20.8 billion in Q1 2025, which may constrain short-term liquidity.
Negative Comprehensive Income Development: Accumulated other comprehensive losses expanded to about -$9.1 billion by Q1 2025, reflecting adverse impacts from items like foreign currency translation or pension adjustments.

Summary: Ford Motor has demonstrated resilience and signs of recovery after losses in 2022, with improving net income and solid operating cash flows into 2024 and early 2025. However, the company faces challenges relating to high costs, significant debt levels, and other non-operating income volatility. Investors should monitor Ford's ability to sustain profitability improvements and manage leverage going forward, as these will be key drivers for stock performance.

08/03/25 03:17 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Ford Motor's Financials

When does Ford Motor's fiscal year end?

According to the most recent income statement we have on file, Ford Motor's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Ford Motor's net income changed over the last 9 years?

Ford Motor's net income appears to be on a downward trend, with a most recent value of $5.89 billion in 2024, falling from $7.37 billion in 2015. The previous period was $4.33 billion in 2023. See Ford Motor's forecast for analyst expectations on what’s next for the company.

What is Ford Motor's operating income?

Ford Motor's total operating income in 2024 was $5.22 billion, based on the following breakdown:

Total Gross Profit: $26.56 billion
Total Operating Expenses: $21.34 billion

How has Ford Motor's revenue changed over the last 9 years?

Over the last 9 years, Ford Motor's total revenue changed from $149.56 billion in 2015 to $184.99 billion in 2024, a change of 23.7%.

How much debt does Ford Motor have?

Ford Motor's total liabilities were at $240.34 billion at the end of 2024, a 4.3% increase from 2023, and a 22.5% increase since 2015.

How much cash does Ford Motor have?

In the past 9 years, Ford Motor's cash and equivalents has ranged from $14.27 billion in 2015 to $25.24 billion in 2020, and is currently $22.94 billion as of their latest financial filing in 2024.

How has Ford Motor's book value per share changed over the last 9 years?

Over the last 9 years, Ford Motor's book value per share changed from 7.21 in 2015 to 11.28 in 2024, a change of 56.5%.

Related Companies

This page (NYSE:F) was last updated on 8/3/2025 by MarketBeat.com Staff

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Ford Motor (F) Financials

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