Ford Motor Company (F)
Consumer Discretionary · $52.6B market cap · SEC CIK 0000037996
fundamentals score out of 100
Next reports on Oct 21, 2026, after the close, with analysts expecting $0.43 in earnings per share.
The case for F
- Free cash flow of 23.7% of its market value a year: a lot of cash for the price.
- Pays a 5.8% dividend while you wait.
- Price/sales of 0.3× is lower than 100% of Consumer Discretionary companies.
The case against
- Losing money over the last year: net margin -3.9%, return on equity -19%.
- Heavily leveraged. Debt is 4.5× equity.
- Pays a dividend while losing money over the last twelve months.
- Swings harder than the market (beta 1.89).
- Revenue grew only 1.5%, roughly the pace of inflation.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Discretionary companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 46 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 49 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 8 |
| Momentumhow the price has behaved lately | 43 |
| Stabilityhow violently it moves, what it owes and what it pays you | 26 |
- It is losing money, so it has no P/E; that counts against value rather than being skipped.
- Each factor except momentum is half fixed thresholds, half rank among the 48 Consumer Discretionary companies.
Key numbers
| Price / earnings | n/a |
|---|---|
| Price / book | 1.55× |
| Price / sales | 0.3× |
| Revenue growth (YoY) | +1.5% |
| EPS growth (YoY) | — |
| Gross margin | 7% |
| Operating margin | -4% |
| Net margin | -4% |
| Return on equity | -19% |
| Debt / equity | 4.51× |
| Current ratio | 1.09 |
| Dividend yield | 5.77% |
| Beta | 1.89 |
| 52-week range | $11.11 – $17.78 |
| Position in that range | 30% of the way up |
| 3-month return | -6.3% |
| 1-year return | +13.3% |
Five years of financials, as filed
Pulled from Ford Motor Company's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $187B | $185B | $176B | $158B | $136B |
| Operating income | -$9.2B | $5.2B | $5.5B | $6.3B | $4.5B |
| Net income | — | $5.9B | $4.3B | -$2.0B | $17.9B |
| Operating cash flow | $21.3B | $15.4B | $14.9B | $6.9B | $15.8B |
| Capital expenditure | $8.8B | $8.7B | $8.2B | $6.9B | $6.2B |
| Total assets | $289B | $285B | $273B | $256B | $257B |
| Total liabilities | $253B | $240B | $231B | $213B | $208B |
| Shareholder equity | $36.0B | $44.8B | $42.8B | $43.2B | $48.5B |
| Cash | $23.4B | $22.9B | $24.9B | $25.1B | $20.5B |
| Free cash flow | $12.5B | $6.7B | $6.7B | -$13.0M | $9.6B |
| Operating margin | -4.9% | 2.8% | 3.1% | 4.0% | 3.3% |
| Net margin | — | 3.2% | 2.5% | -1.3% | 13.2% |
| Diluted shares | 4.0B | 4.0B | 4.0B | 4.0B | 4.0B |
Share count is essentially flat over 4 years.
What Ford Motor Company says it does
(Continued) Sales, Industry Volume, and Market Share Sales, industry volume, and market share in certain key markets during the past three years were as follows: Sales (a) Industry Volume (b) Market Share (c) (in millions of units) (in millions of units) (as a percentage) 2023 2024 2025 2023 2024 2025 2023 2024 2025 United States 2.0 2.1 2.2 16.1 16.4 16.7 12.4 % 12.6 % 13.2 % China (d) 0.5 0.4 0.4 25.1 27.1 26.9 1.8 1.6 1.3 Canada 0.2 0.3 0.3 1.8 1.9 1.9 13.7 14.7 15.2 United Kingdom 0.2 0.2 0.2 2.3 2.4 2.4 10.8 9.6 9.8 Germany 0.2 0.2 0.2 3.2 3.2 3.2 5.1 5.0 5.3 Türkiye 0.1 0.1 0.1 1.3 1.3 1.4 8.9 8.8 8.2 Italy 0.1 0.1 0.1 1.8 1.8 1.7 6.1 5.8 5.5 Australia 0.1 0.1 0.1 1.2 1.2 1.2 7.2 8.2 7.8 France 0.1 0.1 0.1 2.3 2.2 2.1 3.9 3.5 3.5 __________ (a) Represents primarily sales by dealers, sales to the government, and leases to Ford management, and is based, in part, on estimated vehicle registrations; includes medium and heavy…
Risk factors F lists in its 10-K
- Selling, administrative, and other expenses
- Non-GAAP Financial Measure Reconciliations
- Definitions and Information Regarding Ford Blue, Ford Model e, and Ford Pro Causal Factors
- Change in EBIT by Causal Factor (in millions)
- Manufacturing, Including Volume-Related
- Administrative, Information Technology, and Selling
- Definitions and Information Regarding Ford Credit Causal Factors
- Change in EBT by Causal Factor (in millions)
- Provision for/(Benefit from) income taxes
- Pension and OPEB Plan Funded Status and Contributions
- Return on Invested Capital ("ROIC")
- Adjusted Net Operating Profit/(Loss) After Cash Tax
- Issuer Default / Corporate / Issuer Rating
- Minimum Long-Term Investment Grade Rating