Ford Motor Co F

Consumer DiscretionaryAutomobiles & Auto PartsUnited States of America

Last close 12.25 USD on Nov 1, 2026, −3.4% year to date

Quant rating

Quant rating C Rank 214 of 344 in Consumer Discretionary

Growth B 128 of 344
Valuation B 90 of 344
Quality D 276 of 344
Revisions C 209 of 344
Momentum C 188 of 344

Wall Street consensus Buy (2.50)Average target 15.31 USD +25.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 48.9B
Enterprise value: 177.9B
52-week range: 11.12 – 17.77
3-year range: 8.69 – 17.77
Dividend yield: 4.90%
Beta (5 years): 1.89
Shares outstanding: 3,993M
Next earnings: Feb 7, 2027

About the company

Ford Motor Company develops and delivers Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles, along with connected services, including BlueCruise (ADAS) and security. The Company's segments include Ford Blue, Ford Model e, Ford Pro, and Ford Credit. The Ford Blue segment primarily includes the sale of Ford and Lincoln internal combustion engine (ICE) and hybrid vehicles, service parts, accessories, and digital services for retail customers. The Ford Model e segment primarily includes the sale of its electric vehicles, service parts, accessories, and digital services for retail customers. The Ford Pro segment primarily includes the sale of Ford and Lincoln vehicles, service parts, accessories, and services for commercial, government, and rental customers. The Ford Credit segment consists of the Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. Its vehicle brands are Ford and Lincoln.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	187,267	184,992	176,191	158,057	136,341	–
Revenue growth	1.2%	5.0%	11.5%	15.9%	7.2%	8.1%
EPS (basic, normalized)	1.09	1.84	2.01	1.88	1.59	–
EPS growth	−40.8%	−8.5%	6.9%	18.2%	–	–
Gross margin	5.8%	8.4%	9.2%	10.9%	12.1%	9.3%
Net margin	−4.4%	3.2%	2.5%	−1.3%	13.2%	2.6%
ROE	−20.3%	13.4%	10.1%	−4.3%	45.3%	8.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	34,107
Current ratio	1.08x
Long-term debt (mil)	109,769
Net debt (mil)	129,012
Total equity (mil)	36,923
Net debt / equity	3.49x
Net debt / EBITDA	8.83x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	187,267	+1.2%	1.0x	14,614	+2.6%	12.2x	1.09	−40.8%	11.2x
2026	177,957	−5.0%	1.0x	15,438	+5.6%	11.5x	1.86	+70.7%	6.6x
2027	181,839	+2.2%	1.0x	15,520	+0.5%	11.5x	1.89	+1.9%	6.5x
2028	186,579	+2.6%	1.0x	15,232	−1.9%	11.7x	2.12	+12.0%	5.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	177,957	0.0%	+0.4%	+1.7%	1.86	+0.7%	+1.7%	+16.7%
2027	181,839	+0.1%	+0.5%	+2.2%	1.89	−1.8%	+0.4%	+2.4%
2028	186,579	+1.2%	+0.9%	+2.4%	2.12	−0.4%	+1.7%	+5.4%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	39,890	44,811	43,069	44,936	37,422	46,943	47,185	42,446	39,819	44,891
Sales mean (mil)	40,103	44,024	41,882	43,017	36,494	43,206	43,076	41,826	38,820	46,077
Surprise	−0.5%	+1.8%	+2.8%	+4.5%	+2.5%	+8.6%	+9.5%	+1.5%	+2.6%	−2.6%
EPS reported	0.49	0.47	0.49	0.39	0.14	0.37	0.45	0.13	0.66	0.42
EPS mean	0.42	0.68	0.47	0.33	0.02	0.33	0.36	0.19	0.19	0.35
Surprise	+15.9%	−31.2%	+4.3%	+17.1%	+702.8%	+11.9%	+23.6%	−30.5%	+252.2%	+20.1%

Peer comparison Automobiles & Auto Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
F Ford Motor Co	48.9B	8.83x	−4.4%	1.40x	6.6x	6.5x	11.5x	11.5x
005380 HYUNDAI MOTOR COMPANY	49.7B	9.61x	5.1%	0.60x	7.5x	6.9x	14.9x	13.9x
7203 TOYOTA MOTOR CORPORATION	284.1B	5.80x	7.6%	0.97x	9.7x	8.7x	12.7x	11.3x
TSLA Tesla Inc	1.58T	−2.42x	4.0%	17.70x	238.2x	189.5x	108.8x	88.8x
CMI Cummins Inc	68.8B	0.83x	8.4%	5.36x	16.9x	14.4x	10.8x	9.4x
GM General Motors Co	73.7B	4.15x	1.7%	1.18x	6.5x	5.9x	7.8x	7.2x
Mean		4.47x	3.7%	4.54x	47.6x	38.7x	27.8x	23.7x
Median		4.98x	4.5%	1.29x	8.6x	7.8x	12.1x	11.4x

Technical analysis

1M−1.1%
3M−17.2%
1Y−2.4%
3Y+48.3%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Ford Motor Co, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	187,267	184,992	176,191	158,057	136,341	127,144
Cost of revenue	176,387	169,486	160,031	140,861	119,903	121,336
Gross profit	10,880	15,506	16,160	17,196	16,438	5,808
Selling, general & administrative expenses	10,849	10,287	10,702	10,888	11,915	10,193
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	9,200	–	0	153	1,702	24.0
Other operating expenses	0	0	0	0	0	0
Operating income	−9,169	5,219	5,458	6,155	2,821	−4,409
Net interest income (expense)	−2,641	1,118	467	−11,191	8,312	2,614
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−20.0	896	−1,958	2,020	6,647	679
Net income before taxes	−11,830	7,233	3,967	−3,016	17,780	−1,116
Provision for taxes	−3,668	1,339	−362	−864	−130	160
Minority interest	−20.0	−15.0	18.0	171	27.0	−3.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−8,182	5,879	4,347	−1,981	17,937	−1,279
Extraordinary items	–	–	–	–	–	–
Net income	−8,182	5,879	4,347	−1,981	17,937	−1,279
EBIT, normalized	11,663	7,101	10,574	11,007	2,126	−1,311
EBITDA, normalized	19,497	14,668	18,264	18,649	9,444	7,440
Basic EPS, normalized	1.09	1.84	2.01	1.88	1.59	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Ford Motor Co, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	38,487	38,348	40,171	44,070	49,593	49,961
Receivables	64,842	66,908	62,320	54,636	44,038	52,575
Total inventory	15,285	14,951	15,651	14,080	12,065	10,808
Prepaid expenses	–	–	–	–	–	–
Other current assets	4,873	4,267	3,339	3,690	3,300	3,400
Total current assets	123,487	124,474	121,481	116,476	108,996	116,744
Property, plant & equipment	68,217	67,183	64,038	61,484	64,837	66,321
Goodwill	483	658	683	603	619	258
Intangibles	170	69.0	80.0	86.0	111	144
Long-term investments	2,753	6,821	5,790	3,198	5,445	6,601
Note receivable	61,449	59,786	55,650	49,903	51,256	55,277
Other long-term assets	32,601	26,205	25,588	24,134	25,771	21,916
Total assets	289,160	285,196	273,310	255,884	257,035	267,261
Liabilities
Accounts payable	25,809	24,128	25,992	25,605	22,349	22,204
Payable/accrued	–	–	–	–	–	–
Accrued expenses	6,086	4,911	4,523	3,884	3,454	3,822
Short-term debt	19,705	18,045	19,020	19,983	15,096	12,042
Current portion of long-term debt	37,597	36,904	30,649	30,181	34,596	39,301
Other current liabilities	25,693	22,871	21,347	17,213	15,232	19,823
Total current liabilities	114,890	106,859	101,531	96,866	90,727	97,192
Long-term debt	106,034	103,573	99,562	88,805	88,400	110,341
Minority interest	28.0	23.0	25.0	−75.0	103	121
Other liabilities	32,256	29,906	29,419	27,046	29,286	28,917
Total liabilities	253,208	240,361	230,537	212,642	208,516	236,571
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	42.0	42.0	42.0	42.0	41.0	41.0
Additional paid-in capital	23,922	23,502	23,128	22,832	22,611	22,290
Retained earnings (accumulated deficit)	22,508	33,740	31,029	31,754	35,769	18,243
Treasury stock	−2,810	−2,810	−2,384	−2,047	−1,563	−1,590
Other equity	−7,710	−9,639	−9,042	−9,339	−8,339	−8,294
Total equity	35,952	44,835	42,773	43,242	48,519	30,690
Total liabilities & shareholders' equity	289,160	285,196	273,310	255,884	257,035	267,261

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Ford Motor Co, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−8,162	5,894	4,329	−2,152	17,910	−1,276
Depreciation, depletion & amortization	7,834	7,567	7,690	7,642	7,318	8,751
Deferred taxes	−4,536	350	−1,649	−1,910	−563	−269
Non-cash items	12,923	−483	2,712	9,888	−13,345	−1,693
Changes in working capital	13,223	2,095	1,836	−6,615	4,467	18,756
Cash from operations	21,282	15,423	14,918	6,853	15,787	24,269
Investing activities
Capital expenditures	−8,815	−8,684	−8,236	−6,866	−6,227	−5,742
Other investing cash flows	−9,234	−15,686	−9,392	2,519	8,972	−12,873
Cash from investing	−18,049	−24,370	−17,628	−4,347	2,745	−18,615
Financing activities
Financing cash flow items	−255	−327	−241	−271	−105	−184
Cash dividends paid	−2,989	−3,118	−4,995	−2,009	−403	−596
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	39.0	10,930	7,820	4,791	−22,990	3,095
Cash from financing	−3,205	7,485	2,584	2,511	−23,498	2,315
Foreign exchange effects	532	−458	−104	−414	−232	225
Net change in cash	560	−1,920	−230	4,603	−5,198	8,194
Free cash flow	12,467	6,739	6,682	−13.0	9,560	18,527

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.