Ford Motor Company (F) financials
NYSE · Consumer Cyclical · Auto - Manufacturers · 169,000 employees · CEO James Duncan Farley Jr.
- Price
- $12.23 -1.09%
- Market cap
- $48.7B
- Enterprise value
- $190B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-02-09 EPS est. $0.38
Revenue (TTM)$187B-1.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)1.9%0.0 pp vs a year agoOperating income $3.51B
Net income (TTM)-$7.79B-265.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$5.15B-56.8% vs a year agoCapex $9.83B
Diluted EPS (TTM)-$1.97-269.7% vs a year agoSum of the last 4 quarters
Net cash-$129B-5.6% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $48.7B EV $190B
- Revenue
- $187B Trailing 12 months
- Revenue growth
- -1% FY2026 consensus
- Profit margin
- -4.2% Net income / revenue, TTM
- P/E
- -6.2× Forward 6.4× (FY2026)
- P/S
- 0.3× Price / sales, TTM
- EV / EBITDA
- -143.1× TTM
- Free cash flow
- $5.15B Trailing 12 months
- Net income
- -$7.79B Trailing 12 months
- Revenue estimate
- $186B FY2026 consensus
- Earnings
- 2027-02-09 Revenue est. $49.3B
- Dividend
- $0.60 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-10-28): revenue beat by 0.9%, EPS beat by 19.5%Revenue $49.5B vs $49.1B expected (+0.9%); EPS $0.49 vs $0.41 (+19.5%).
- Revenue growth slowing: -2.0% year on yearQ3 '26 revenue $49.5B, against an average of 1.8% over the four quarters before.
- Operating margin 1.9% (TTM), 0.0 pp on a year agoOperating income grew -2.0% while revenue grew -1.4%.
- Capex 5.3% of revenue (a year ago 4.5%)$9.83B invested in the last 4 quarters (+15.2% on a year earlier). Free cash flow $5.15B.
- Returned $2.71B to shareholders = 52.8% of free cash flowBuybacks $311M (a year earlier $150M), dividends $2.4B, stock-based pay $425M (TTM).
- Diluted share count up 0.7% in a year4.08B diluted shares in Q3 '26, 4.05B a year earlier.
- Net debt $129BCash + short-term investments $34.1B, debt incl. leases $163B; a year ago net debt $122B.
Last quarter: Q3 '26
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $49.5B | $50.5B | -2.0% |
| Gross margin | 14.9% | 8.9% | +6.0 pp |
| Operating income | $1.45B | $1.64B | -11.4% |
| Operating margin | 2.9% | 3.2% | -0.3 pp |
| Net income | $2.05B | $2.45B | -16.3% |
| Diluted EPS | $0.50 | $0.60 | -16.7% |
| Operating cash flow | $5.43B | $7.4B | -26.7% |
| Capex | $2.29B | $2.13B | +7.5% |
| Free cash flow | $3.14B | $5.28B | -40.5% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $113M | $0 | – |
Reported vs consensus
2026-10-28| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $49.5B | $49.1B | +0.9% |
| EPS (as estimated) | $0.49 | $0.41 | +19.5% |
From the report of 2026-10-28 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q3 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Company excluding Ford Credit | $46.1B | -2.3% | 93.0% | – | – | |
| Ford Credit | $3.44B | +2.8% | 7.0% | $13.7B | +4.8% |
Revenue by region
share of total| Segment | Q3 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Ford North America | $23.9B | +19.2% | 67.8% | $95.7B | +16.8% | |
| Ford Europe | $6.89B | -0.4% | 19.5% | $28.1B | -1.7% | |
| Ford Asia Pacific Africa | $2.68B | +17.9% | 7.6% | $11.2B | – | |
| Ford South America | $841M | -44.4% | 2.4% | $5.09B | -39.5% | |
| Middle East and Africa | $961M | -9.1% | 2.7% | $3.91B | -9.3% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $15B
- Capex
- -$9.83B
- Buybacks
- -$311M
- Dividends
- -$2.4B
- Acquisitions
- -$729M
- Net debt issued
- -$831M
- Stock-based compensation
- $425M
- Free cash flow
- $5.15B
- Returned to shareholders / FCF
- 52.8%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | -6.2× | 7.5× 3 of 5 years | 4.6× – 11.2× |
| EV / EBITDA | -143.1× | 17.4× 4 of 5 years | 7.9× – 34.2× |
| EV / Sales | 1.0× | 1.1× | 1.0× – 1.5× |
| Price / FCF | 9.5× | 6.5× 4 of 5 years | 4.2× – 8.7× |
| Price / Book | 1.3× | 1.3× | 0.9× – 1.7× |
| FCF yield | 10.6% | 13.2% | -0.0% – 23.9% |
| Return on invested capital | 1.0% | 1.9% | 0.8% – 2.4% |
| Return on equity | -21.3% | 6.6% | -22.8% – 37.0% |
Analysts
Consensus target $15.56 (+27.3%)
range $14.00 – $17.50 · rating Hold
Strong buy0
Buy18
Hold23
Sell6
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $186B | -0.8% | $1.90 | +192.1% | 6.4× | 8 |
| FY2027 | $190B | +2.5% | $1.91 | +0.7% | 6.4× | 10 |
| FY2028 | $196B | +2.9% | $2.11 | +10.4% | 5.8× | 5 |
| FY2029 | $204B | +4.3% | $2.53 | +19.9% | 4.8× | 1 |
| FY2030 | $214B | +4.6% | $2.85 | +12.7% | 4.3× | 1 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 291 figures Ford Motor Company tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities, Current | $28B | $27.9B | +0.5% | $25.8B | $24.1B | +7.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $19.5B | $19.2B | +1.3% | $15.4B | $14.7B | +4.6% |
| Accounts Receivable, Allowance for Credit Loss, Current | $111M | $103M | +7.8% | $108M | $84M | +28.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$8.12B | -$7.87B | -3.1% | -$7.71B | -$9.64B | +20.0% |
| Additional Paid in Capital, Common Stock | $24.1B | $23.8B | +1.0% | $23.9B | $23.5B | +1.8% |
| Advertising Expense | – | – | – | $2.7B | $2.8B | -3.6% |
| Amortization | – | – | – | -$1.7B2024-12-31 | -$1.17B | -45.7% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 79M2026-06-30 | 45M | +75.6% | 56M | – | – |
| Asset Impairment Charges | – | – | – | $9.44B | $0 | – |
| Assets | $292B | $301B | -2.8% | $289B | $285B | +1.4% |
| Assets, Current | $121B | $131B | -7.2% | $123B | $124B | -0.8% |
| Cash and Cash Equivalents, at Carrying Value | $22.3B | $26.8B | -16.8% | $23.4B | $22.9B | +1.8% |
| Cash and Cash Equivalents, Fair Value Disclosure | $22.3B | – | – | $23.4B | $22.9B | +1.8% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | -$67M | $61M | -209.8% | $48M | $281M | -82.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $22.6B | $27.1B | -16.7% | $23.8B | $23.2B | +2.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations | $0 | $0 | – | $36M | $47M | -23.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $22.6B | $27.1B | -16.7% | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $3.67B | $3.83B | -4.4% | $560M | -$1.92B | +129.2% |
| Common Stock, Dividends, Per Share, Declared | $0.15 | $0.15 | 0.0% | $0.75 | $0.78 | -3.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $0 | $1M | -100.0% | $19M | $14M | +35.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.71B | $2.82B | -39.4% | -$6.25B | $5.28B | -218.4% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.71B | $2.82B | -39.4% | -$6.23B | $5.3B | -217.7% |
| Contract with Customer, Liability, Current | $4.06B | $4.84B | -16.1% | $4.49B | $3.33B | +34.8% |
| Contract with Customer, Liability, Noncurrent | $5.78B | $5.2B | +11.2% | $5.36B | $4.91B | +9.2% |
| Cost of Goods and Services Sold | $42.1B | $43.4B | -2.9% | $174B | $158B | +10.1% |
| Cost of Property Repairs and Maintenance | – | – | – | $2.14B | $1.92B | +11.4% |
| Costs and Expenses | $48.1B | $49B | -1.8% | $196B | $180B | +9.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | $71M | $78M | -9.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $701M | $791M | -11.4% |
| Current Income Tax Expense (Benefit) | – | – | – | $871M | $976M | -10.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $99M | $107M | -7.5% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Period Increase (Decrease) | $0 | – | – | $0 | $0 | – |
| Deferred Compensation Liability, Classified, Noncurrent | $834M | $753M | +10.8% | $792M | $806M | -1.7% |
| Deferred Compensation Liability, Current | $2.93B | $2.99B | -1.9% | $3.51B | $2.46B | +42.7% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$1.41B | $25M | -5,720.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$2.63B | $303M | -968.0% |
| Deferred Income Tax Assets, Net | $23.1B | $18.2B | +27.1% | $22B | $16.4B | +34.1% |
| Deferred Income Tax Expense (Benefit) | $56M | -$733M | +107.6% | -$4.54B | $363M | -1,350.4% |
| Deferred Income Tax Liabilities, Net | $1.74B | – | – | $1.35B | $1.07B | +26.1% |
| Deferred Income Taxes and Tax Credits | – | – | – | -$4.54B | $350M | -1,396.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$504M | $35M | -1,540.0% |
| Deferred Tax Assets, Gross | $32.3B2025-12-31 | $30.5B | +5.9% | $32.3B | $30.5B | +5.9% |
| Deferred Tax Assets, in Process Research and Development | $5.18B2025-12-31 | $4.87B | +6.4% | $5.18B | $4.87B | +6.4% |
| Deferred Tax Assets, Net | $20.6B2025-12-31 | $15.3B | +34.6% | $20.6B | $15.3B | +34.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $31.7B2025-12-31 | $26.7B | +18.9% | $31.7B | $26.7B | +18.9% |
| Deferred Tax Assets, Operating Loss Carryforwards | $7.2B2025-12-31 | $7.46B | -3.5% | $7.2B | $7.46B | -3.5% |
| Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration | $5.8B2025-12-31 | – | – | $5.8B | – | – |
| Deferred Tax Assets, Other | $3.03B2025-12-31 | $2B | +51.9% | $3.03B | $2B | +51.9% |
| Deferred Tax Assets, Tax Credit Carryforwards | $7.5B2025-12-31 | $7.99B | -6.2% | $7.5B | $7.99B | -6.2% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits | $1.91B2025-12-31 | $2.01B | -5.2% | $1.91B | $2.01B | -5.2% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Warranty Reserves | $4.09B2025-12-31 | $3.5B | +16.9% | $4.09B | $3.5B | +16.9% |
| Deferred Tax Assets, Valuation Allowance | $628M2025-12-31 | $3.86B | -83.7% | $628M | $3.86B | -83.7% |
| Deferred Tax Liabilities, Gross | $11.1B2025-12-31 | $11.4B | -2.3% | $11.1B | $11.4B | -2.3% |
| Deferred Tax Liabilities, Leasing Arrangements | $2.72B2025-12-31 | $3.52B | -22.8% | $2.72B | $3.52B | -22.8% |
| Deferred Tax Liabilities, Other | $2.09B2025-12-31 | $1.98B | +5.6% | $2.09B | $1.98B | +5.6% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $1.86B2025-12-31 | $3.59B | -48.3% | $1.86B | $3.59B | -48.3% |
| Depreciation | $1.99B | $1.98B | +0.7% | $7.83B | $7.57B | +3.5% |
| Depreciation, Depletion and Amortization | $1.99B | $1.98B | +0.7% | $16B | $7.57B | +111.1% |
| Derivative Asset | $1.93B2025-12-31 | $1.43B | +34.9% | $1.93B | $1.43B | +34.9% |
| Derivative Asset, Current | $634M2025-12-31 | $869M | -27.0% | $634M | $869M | -27.0% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02