FirmAtlas
Company handbook · F · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
F · CIK 37996 · LATEST FILING: 10-Q JUN '26 · FILED JUL 29, 2026
Ford Motor Co
$12.43
+0.12 (+0.97%)
Close, Oct 16, 2026 · 52-week $11–18
Last fiscal year
Ford Motor Co reported revenue of $187.3B for the year ended Dec 31, 2025 (FY25), up 1.2% from FY24. Net loss was $8.2B, operating cash flow $21.3B and free cash flow $12.5B. Source: 10-K filed Feb 11, 2026.
Market cap
$49.5B
EV/EBITDA
1.7x
P/B
1.3
Div yield
4.83%
Revenue 1Y
1.2%/yr
EPS 1Y
n/m
Shares 1Y
−1%
Loading chart…
Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJames D. Farley, Jr.
HQDearborn, MI
AuditorPricewaterhouseCoopers LLP
Employees169,000
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
0.4%
−4.6%
1.4%
5.9%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$24.0B deployed
Capex
$17.5B
72.8%
Dividends
$6.1B
25.4%
Buybacks
$426M
1.8%
Operating cash flow over the period: $36.7B. Total debt changed by +$85M. R&D of $17.4B is already inside operating costs.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Mar '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
184,992
187,267+1.2%
189,861
YoY
+1.2%
Gross profit
26,558
12,801−51.8%
15,272
Gross margin
14.4%
6.8%−7.5 pp
—
Operating income
5,219
(9,169)−275.7%
(7,159)
Operating margin
2.8%
−4.9%−7.7 pp
—
EBITDA
12,786
6,805−46.8%
—
EBITDA margin
6.9%
3.6%−3.3 pp
—
Interest expense
1,115
1,254+12.5%
—
Interest coverage
11.47x
5.43x−6.04x
—
Net income
5,879
(8,182)−239.2%
(6,105)
YoY
−239.2%
Net margin
3.2%
−4.4%−7.5 pp
—
EPS (diluted, $)
1.46
−2.06−241.1%
−1.56
YoY
−241.1%
Balance sheet
Total assets
285,196
289,160+1.4%
282,434
Cash & short-term investments
38,603
38,881+0.7%
—
Accounts receivable
14,723
15,398+4.6%
—
Inventory
14,951
15,285+2.2%
—
Net PP&E
41,928
37,288−11.1%
—
Other assets
174,991
182,308+4.2%
—
Total liabilities
240,361
253,208+5.3%
244,981
Accounts payable
24,128
25,809+7.0%
—
Total debt
805
890+10.6%
—
Other liabilities
215,428
226,509+5.1%
—
Shareholders’ equity
44,835
35,952−19.8%
37,453
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
15,423
21,282+38.0%
18,919
Net income
5,894
(8,162)−238.5%
—
Depreciation & amortization
7,567
15,974+111.1%
—
Stock-based compensation
511
510−0.2%
—
Working capital & other
1,451
12,960+793.2%
—
Cash from investing
(24,370)
(18,049)n/m
—
Capex
(8,684)
(8,815)n/m
—
Investments bought
(12,300)
(9,457)n/m
—
Investments sold / matured
12,346
10,063−18.5%
—
Other investing
(15,732)
(9,840)n/m
—
Cash from financing
7,485
(3,205)−142.8%
—
Debt raised
57,312
49,688−13.3%
—
Debt repaid
(45,680)
(50,303)n/m
—
Dividends
(3,118)
(2,989)n/m
—
Buybacks
(426)
0n/m
—
Shares issued
—
3
—
Other financing
(603)
396n/m
—
Net change in cash
(1,920)
560n/m
—
Free cash flow (OCF − capex)
6,739
12,467+85.0%
9,546
Where the cash went
Operating cash flow
15,423
21,282+38.0%
18,919
Reinvested in the business
8,684
8,815+1.5%
—
% of operating cash flow
56.3%
41.4%
Capex
8,684
8,815+1.5%
9,373
R&D (memo, already in costs)
8,000
9,400+17.5%
—
Free cash flow
6,739
12,467+85.0%
9,546
YoY
+85.0%
Returned to shareholders
3,544
2,989−15.7%
—
% of free cash flow
52.6%
24.0%
Dividends
3,118
2,989−4.1%
—
Buybacks
426
0−100.0%
—
Change in total debt
—
85
—
Cash left over
—
9,563
—
FCF conversion (FCF ÷ net income)
114.6%
—
—
Owner earnings
—
(351)
—
Owner earnings margin
—
−0.2%
—
Buyback yield
1.1%
—
—
Returns & ratios
ROIC (all capital)
60.4%
—
—
ROIC (operating)
9.0%
−14.1%−23.1 pp
—
Net debt / EBITDA
−2.96x
−5.58x−2.63x
—
Debt / equity
0.02x
0.02x+0.01x
—
Cash conversion cycle (days)
8
8+0 d
—
ROE
13.1%
−22.8%−35.9 pp
—
ROA
2.1%
−2.8%−4.9 pp
—
ROCE
2.9%
−5.3%−8.2 pp
—
NOPAT
4,253
(6,326)−248.7%
—
Invested capital (operating)
47,474
42,162−11.2%
—
Invested capital (all)
7,037
(2,039)−129.0%
—
Reinvestment rate
—
84.0%
—
Debtor days
29
30+1 d
—
Inventory days
34
32−2 d
—
Days payable
56
54−2 d
—
Income
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
50,184
50,534
45,890
43,253
vs year-ago quarter
Gross profit
5,939
7,123
(5,732)
7,942
Gross margin
11.8%
14.1%
−12.5%
18.4%
Operating income
511
1,558
(11,557)
2,329
Net income
(36)
2,447
(11,064)
2,548
vs year-ago quarter
Net margin
−0.1%
4.8%
−24.1%
5.9%
EPS (diluted, $)
−0.01
0.60
−2.78
0.63
vs year-ago quarter
Balance sheet
Jun '25
Sep '25
Dec '25
Mar '26
Total assets
292,725
300,990
289,160
282,434
Cash & equivalents
23,250
27,084
38,881
18,003
Total debt
—
—
890
—
Shareholders’ equity
45,057
47,392
35,952
37,453
Cash flow
Jun '25
Sep '25
Dec '25
Mar '26
Operating cash flow
6,317
7,402
3,884
1,316
Capex
2,088
2,125
2,784
2,376
Free cash flow
4,229
5,277
1,100
(1,060)
vs year-ago quarter