Ford Motor Co. (F) Q4 2025 Financial Results Summary
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Ford Motor Company (F) Q4 2025 Financial Results Summary
Release Date: February 10, 2026
Ford Motor Company (NYSE: F) announced its financial results for the fourth quarter and full year of 2025, highlighting its performance amidst a dynamic market. Below is a summary of the key financial metrics and insights:
Total Company Highlights
- Revenue:
- Q4 2025: $45.9 billion (a 5% decrease from Q4 2024, which was $48.2 billion).
- Full Year 2025: $187.3 billion (a 1% increase from 2024, which was $185.0 billion).
- Net Loss:
- Q4 2025: $(11.1 billion) (compared to a profit of $1.8 billion in Q4 2024, a $12.9 billion decline).
- Full Year 2025: $(8.2 billion) (compared to a profit of $5.9 billion in 2024, a $14.1 billion decline).
- Adjusted EBIT:
- Q4 2025: $1.0 billion (a 53.8% decrease from Q4 2024, which was $2.1 billion).
- Full Year 2025: $6.8 billion (a 33.3% decrease from 2024, which was $10.2 billion).
- Operating Cash Flow:
- Q4 2025: $3.9 billion (compared to $3.0 billion in Q4 2024, a 30% increase).
- Full Year 2025: $21.3 billion (an increase from $15.4 billion in 2024, $5.9 billion rise).
- Adjusted Free Cash Flow:
- Q4 2025: $(2.1 billion) (compared to $0.7 billion in Q4 2024, a $2.9 billion decline).
- Full Year 2025: $3.5 billion (a 48.5% decrease from $6.7 billion in 2024).
- Cash and Liquidity:
- Cash at year-end: nearly $29 billion.
- Total liquidity: approximately $50 billion.
Business Segment Highlights
- Ford Blue Segment:
- Q4 2025 Wholesales: 712,000 (an 8% decline from Q4 2024, which was 774,000).
- Revenue: $26.2 billion (a 4% decline from Q4 2024, which was $27.3 billion).
- Adjusted EBIT: $727 million (a 53.8% decrease from $1.5 billion in Q4 2024).
- Ford Model e Segment:
- Q4 2025 Wholesales: 37,000 (no change from Q4 2024).
- Revenue: $1.3 billion (a 9% decline from Q4 2024, which was $1.4 billion).
- Adjusted EBIT: $(1.2 billion) (compared to a loss of $(1.4 billion) in Q4 2024).
- Ford Pro Segment:
- Q4 2025 Wholesales: 334,000 (an 11% decline from Q4 2024, which was 378,000).
- Revenue: $14.9 billion (an 8% decline from Q4 2024, which was $16.2 billion).
- Adjusted EBIT: $1.2 billion (a 24.3% decline from $1.6 billion in Q4 2024).
2026 Financial Outlook
- Ford anticipates:
- Adjusted EBIT: $8.0 billion to $10.0 billion.
- Adjusted Free Cash Flow: $5.0 billion to $6.0 billion.
- Capital expenditures: $9.5 billion to $10.5 billion.
Dividend and Share Repurchases
- In 2025, Ford reported cash payments for dividends totaling $2.989 billion, indicating continued commitment to returning value to shareholders.
- There were no share repurchase programs reported for the year.
Conclusion
Ford’s Q4 2025 results portray a challenging yet pivotal period in its strategic and operational journey. The focus moving forward remains on leveraging strengths, particularly in key areas such as Electric Vehicles (EVs) and cost efficiencies, as the company positions itself for future growth. Ford’s CEO and CFO outlined a clear path toward improving margins and operational quality in response to the fluctuating market conditions.
Here are the extracted tables from the press release:
CONSOLIDATED INCOME STATEMENTS (in millions, except per share amounts)
Note: All amounts are in thousands.
| For the years ended December 31 | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenues Company excluding Ford Credit | $165,901 | $172,706 | $173,996 |
| Ford Credit | $10,290 | $12,286 | $13,271 |
| Total revenues | $176,191 | $184,992 | $187,267 |
| Costs and expenses | |||
| Cost of sales | $150,550 | $158,434 | $174,466 |
| Selling, administrative, and other expenses | $10,702 | $10,287 | $10,849 |
| Ford Credit interest, operating, and other expenses | $9,481 | $11,052 | $11,121 |
| Total costs and expenses | $170,733 | $179,773 | $196,436 |
| Operating income/(loss) | $5,458 | $5,219 | $(9,169) |
| Interest expense on Company debt excluding Ford Credit | $1,302 | $1,115 | $1,254 |
| Other income/(loss), net | $(603) | $2,451 | $1,746 |
| Equity in net income/(loss) of affiliated companies | $414 | $678 | $(3,153) |
| Income/(Loss) before income taxes | $3,967 | $7,233 | $(11,830) |
| Provision for/(Benefit from) income taxes | $(362) | $1,339 | $(3,668) |
| Net income/(loss) | $4,329 | $5,894 | $(8,162) |
| Less: Income/(Loss) attributable to noncontrolling interests | $(18) | $15 | $20 |
| Net income/(loss) attributable to Ford Motor Company | $4,347 | $5,879 | $(8,182) |
| EARNINGS/(LOSS) PER SHARE ATTRIBUTABLE TO FORD MOTOR COMPANY COMMON AND CLASS B STOCK | |||
| Basic income/(loss) | $1.09 | $1.48 | $(2.06) |
| Diluted income/(loss) | $1.08 | $1.46 | $(2.06) |
| Weighted-average shares used in computation of earnings/(loss) per share | |||
| Basic shares | 3,998 | 3,978 | 3,979 |
| Diluted shares | 4,041 | 4,021 | 3,979 |
CONSOLIDATED BALANCE SHEETS (in millions)
Note: All amounts are in thousands.
| December 31, 2024 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $22,935 | $23,356 |
| Marketable securities | $15,413 | $15,131 |
| Ford Credit finance receivables, net of allowance for credit losses of $247 and $261 | $51,850 | $49,130 |
| Trade and other receivables, less allowances of $84 and $108 | $14,723 | $15,398 |
| Inventories | $14,951 | $15,285 |
| Other assets | $4,602 | $5,187 |
| Total current assets | $124,474 | $123,487 |
| Ford Credit finance receivables, net of allowance for credit losses of $617 and $650 | $59,786 | $61,449 |
| Net investment in operating leases | $22,947 | $28,540 |
| Net property | $41,928 | $37,288 |
| Equity in net assets of affiliated companies | $6,821 | $2,753 |
| Deferred income taxes | $16,375 | $21,953 |
| Other assets | $12,865 | $13,690 |
| Total assets | $285,196 | $289,160 |
| LIABILITIES | ||
| Payables | $24,128 | $25,809 |
| Other liabilities and deferred revenue | $27,782 | $31,779 |
| Debt payable within one year | ||
| Company excluding Ford Credit | $1,756 | $5,550 |
| Ford Credit | $53,193 | $51,752 |
| Total current liabilities |