Company file · F

Ford Motor

Ford Motor's revenue rose 1.2% in FY2025, to $187.3B, and it posted a net loss of $8.2B (FY2024: net income of $5.9B)

Revenue rose 1.2% to $187.3B in FY2025, from $185.0B in FY2024. It posted a net loss of $8.2B. Company Excluding Ford Credit was the largest segment, at 93% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Feb 11, 2026) · Latest quarter: 10-Q for the quarter ended Sep 30, 2026 (filed Oct 29, 2026) · Data pulled Nov 11, 2026

Key facts

In fiscal 2025, which ended Dec 31, 2025, Ford Motor (NYSE: F) took in $187.3B of revenue (up 1.2% on fiscal 2024); net income was −$8.2B (compared with $5.9B). The most recent quarter, ended Sep 30, 2026, brought revenue of $49.5B, down 2.0% year over year, with net income of $2.0B. Company Excluding Ford Credit was the biggest single line by segment: 93% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 11, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 29, 2026).

Revenue$187.3BFY2025 · +1.2% vs FY2024

Net income−$8.2BFY2025 · vs $5.9B in FY2024

Operating cash flow$21.3BFY2025 · +38.0% vs FY2024

Cash & equivalents$22.3Bat Sep 30, 2026 · −4.6% vs FY2025 end

Diluted shares3.98BFY2025 avg · −1.0% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Feb 11, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed Apr 30, 2026 · 10-Q filed Jul 29, 2026 · 10-Q filed Oct 29, 2026

How it makes money

By segment, FY2025

LineAmountSharevs FY2024
Company Excluding Ford Credit$174.0B93%+0.7%
Ford Credit$13.3B7%+8.0%

Source: 10-K FY2025, XBRL breakdown

By segment in FY2025: Company Excluding Ford Credit (93%) and Ford Credit (7%), as shares of total revenue. Total revenue was $187.3B.

By segment: three-year mixShare of the total each fiscal year

FY2023

94%

FY2024

93%

FY2025

93%7%

Company Excluding Ford CreditFord Credit

Source: 10-K FY2025

By product or service, FY2025

All Sales Type Products and Services$173.7B93%+0.7%

Financing income$8.2B4%+5.0%

Leasing income$5.1B3%+16.1%

Insurance income$164M0%+12.3%

Share is of the FY2025 total; the last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 2026Q3 2025

Company

Revenue

$49.5B Q3 2026

$50.5B Q3 2025

2.0% decrease

Net income

$2.0B Q3 2026

$2.4B Q3 2025

16.3% decrease

Source: Ford Motor 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026

By segment

Company Excluding Ford Credit

$46.1B Q3 2026

$47.2B Q3 2025

2.3% decrease

Ford Credit

$3.4B Q3 2026

$3.3B Q3 2025

2.8% increase

Source: Ford Motor 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026

Cash & equivalents $22.3B at Sep 30, 2026, vs $23.4B at FY2025 end.
Operating cash flow, first 9 months of fiscal 2026: $11.1B vs $17.4B a year earlier.

The bull case and the bear case

The bull case

Revenue rose 1.2% in FY2025 to $187.3B, from $185.0B a year earlier. 10-K, FY2025
Operating cash flow rose 38.0% in FY2025 to $21.3B. 10-K, FY2025
Diluted shares fell 1.0% in FY2025, so each share represents a larger slice of profit. 10-K, FY2025
Ford Credit revenue grew 8.0% in FY2025 to $13.3B. 10-K, FY2025

The bear case

It reported a net loss of $8.2B in FY2025. 10-K, FY2025
Revenue in the quarter ended Sep 30, 2026 was $49.5B, down 2.0% on a year earlier. 10-Q, quarter ended Sep 30, 2026
Net income in the quarter ended Sep 30, 2026 was $2.0B, down 16.3% on a year earlier. 10-Q, quarter ended Sep 30, 2026

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Ford Motor is in the automobile manufacturers industry, part of the consumer discretionary sector. The SEC files it under Motor Vehicles & Passenger Car Bodies.

Ford Motor reports 2 segments: Company Excluding Ford Credit and Ford Credit.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the automobile manufacturers industry. They are not a summary of Ford Motor’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Consumer spendingShoppers cut back on non-essentials when budgets are tight.
CompetitionRivals, online sellers and changing tastes pressure prices and traffic.
CostsWages, freight and product costs can squeeze margins.
Supply chain and tariffsImported goods make it sensitive to trade policy and shipping disruptions.
Brand and reputationProduct problems or public criticism can hurt demand.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$176.2B	$185.0B	$187.3B
Net income	$4.3B	$5.9B	−$8.2B
Operating cash flow	$14.9B	$15.4B	$21.3B
Cash & equivalents (year end)	$24.9B	$22.9B	$23.4B
Diluted shares	4.04B	4.02B	3.98B

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income including the share that belongs to minority owners of subsidiaries.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Net income here includes the share that belongs to minority owners of subsidiaries, the figure the company's tagged data carries for the whole business.

What we left out

Total debt: the company's filing data doesn't carry a consistent debt total for the years shown, so it isn't shown.

Recent filings

Form	Filed	Period
10-Q	Oct 29, 2026	Sep 30, 2026
10-Q	Jul 29, 2026	Jun 30, 2026
10-Q	Apr 30, 2026	Mar 31, 2026
DEF 14A	Mar 27, 2026	May 14, 2026
10-K	Feb 11, 2026	Dec 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Ford Motor

How does Ford Motor make money?

In fiscal 2025, revenue totaled $187.3B. By segment in FY2025: Company Excluding Ford Credit (93%) and Ford Credit (7%), as shares of total revenue. Total revenue was $187.3B. Source: 10-K for fiscal 2025, filed Feb 11, 2026.

What was Ford Motor's revenue in fiscal 2025?

Revenue came to $187.3B in the year ended Dec 31, 2025. Going back two years, it was $176.2B in fiscal 2023 and $185.0B in fiscal 2024, so the latest year was up 1.2%. Source: 10-K for fiscal 2025, filed Feb 11, 2026.

Is Ford Motor profitable?

Not in fiscal 2025: under US accounting rules (GAAP) it posted net income of −$8.2B, compared with $5.9B from $5.9B a year earlier. For the quarter ended Sep 30, 2026, net income was $2.0B. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 11, 2026.

What did Ford Motor report in its latest quarterly filing?

The 10-Q for the quarter ended Sep 30, 2026 shows revenue of $49.5B, against $50.5B in the same quarter a year before (down 2.0%), and net income of $2.0B, against $2.4B (down 16.3%). Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026.

What are the main risks Ford Motor faces?

Ford Motor's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 11, 2026. Risks that are common among companies in the automobile manufacturers industry include Consumer spending; competition; costs; supply chain and tariffs; brand and reputation. The first: Shoppers cut back on non-essentials when budgets are tight. Source: 10-K, Item 1A Risk Factors.

Where do these Ford Motor numbers come from?

Two filings Ford Motor made with the SEC: its fiscal 2025 10-K, filed Feb 11, 2026, and its 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Ford Motor

Citadel Advisors: 4,035,882 shares, reported value $56.1M at Jun 30, 2026 (+140.7% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Millennium Management: 3,686,473 shares, reported value $51.2M at Jun 30, 2026 (−70.0% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Two Sigma Investments: 816,741 shares, reported value $11.4M at Jun 30, 2026 (−94.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Bridgewater Associates: 155,958 shares, reported value $2.2M at Jun 30, 2026 (−40.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in F: The editor holds no position in Ford Motor (F). As of Nov 11, 2026. The editor holds shares of Tesla (TSLA) and SpaceX in a long-term retirement account.
Trading rule: The editor does not buy or sell F from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 9, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold F, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Ford MotorF	FY2025	$187.3B	+1.2%	−$8.2B
TeslaTSLA	FY2025	$94.8B	−2.9%	$3.8B
General MotorsGM	FY2025	$185.0B	−1.3%	$2.7B
AmazonAMZN	FY2025	$716.9B	+12.4%	$77.7B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.