Income StatementBalance SheetCash FlowSegments
Ford Motor Company logo

Ford Motor Company Income Statement

Revenue, expenses, and profitability over time

Ford Motor Company generated $187.27B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was -$8.2B with a -4.36% net margin. Gross margin stands at 6.84% and operating margin at -4.9%. Diluted EPS is $-2.06, which declined 2.4% year-over-year. Based on the Q4 2025 filing.

Total Revenue (TTM)$187.27BGross Profit (TTM)$25.4BOperating Income (TTM)-$9.2BNet Income (TTM)-$8.2BEps Diluted (TTM)$-2.06
Latest FilingQ4 2025
Report Date2026-02-11
Market Cap$47.8B
ROE-20.21%

Other Income & Expense

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Foreign Currency Transaction Gain (Loss)-$123.0M—-$38.0M-$24.0M$64.0M-$2.0M
Investment Income Amortization of Discount and Premium$425.0M$425.0M$459.8M$459.8M$459.8M$459.8M
Equity Securities Upward Price Adjustment—————$276.0M
License fee income$123.0M$143.0M$107.0M$107.0M$121.0M$121.0M
Income from equity method investments$147.0M$167.0M$94.0M-$250.0M$21.0M-$3.0B
Gains (losses) on equity investments-$17.0M-$17.0M$32.0M$11.0M$20.0M$283.0M
Interest income$367.0M$396.0M$351.0M$368.0M$379.0M$392.0M
Distributions of earnings from equity method investees$104.5M$104.5M$105.0M$105.0M$105.0M$105.0M
Non-service pension and postretirement benefit expense$347.0M$145.0M-$11.0M-$14.0M-$19.0M$677.0M
Other income (expense), net$114.0M$1.2B$496.0M$577.0M$560.0M$113.0M

Tax

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Unrecognized Tax Benefits Current Period Increases$2.8M$2.8M$2.0M$2.0M$2.0M$2.0M
Unrecognized Tax Benefits Prior Period Decreases$193.8M$193.8M$87.5M$87.5M$87.5M$87.5M
Cash Paid for Income Taxes$304.5M$304.5M$155.5M$155.5M$155.5M$155.5M
Current income tax expense (benefit)$244.0M$244.0M$217.8M$217.8M$217.8M$217.8M
Deferred Foreign Tax Expense (Benefit)$75.8M$75.8M-$657.5M-$657.5M-$657.5M-$657.5M
Effective Tax Rate, Continuing Operations-3.1%——105.4%-34.7%—
Income Tax at U.S. Statutory Rate$0.1$0.1-$621.0M-$621.0M-$621.0M-$621.0M
Prior Year Tax Adjustments0.0%0.0%————
State and Local Income Taxes, Net$26.8M$26.8M$24.8M$24.8M$24.8M$24.8M
Tax Adjustments, Settlements and Unusual Provisions———$471.0M——
Tax Reconciliation: Other Adjustments0.4%0.4%————
Tax Reconciliation: Research and Other Credits——-0.7%-0.7%-0.7%-0.7%
Tax Reconciliation, Enacted Tax Rate Change0.1%0.1%————
Tax Reconciliation, Tax Credits1.5%1.5%————
Income tax expense-$27.0M$483.0M$148.0M$570.0M-$630.0M-$3.8B
Unrecognized Tax Benefits Reevaluation (Statute Lapse)$1.3M$1.3M$750.0K$750.0K$750.0K$750.0K
Deferred Income Tax Expense$87.5M$87.5M-$1.1B-$1.1B-$1.1B-$1.1B

Cost of Revenue

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Product Warranty Accrual Issued$1.7B$2.0B$1.7B$1.7B$1.8B$1.6B
Total cost of revenue$40.2B$41.3B$35.2B$44.2B$43.4B$51.6B

Net Income

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Net income applicable to common shareholders$892.0M$1.8B$471.0M-$36.0M$2.4B-$11.1B
Net income attributable to noncontrolling interests$4.0M$7.0M$2.0M$7.0M$1.0M$10.0M
Net income$892.0M$1.8B$473.0M-$29.0M$2.4B-$11.1B

Operating Expenses

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Operating Lease Cost$162.5M$162.5M$186.0M$186.0M$186.0M$186.0M
Stock-based compensation expense$127.0M$105.0M$60.0M$153.0M$132.0M$75.0M
Depreciation and amortization$1.8B$1.9B$1.8B$1.9B$2.0B$10.3B
Indefinite-Lived Intangible Asset Impairment$0.0$0.0$0.0$0.0$0.0$0.0
Impairment of Goodwill and Purchased Intangible Assets$0.0$0.0$2.4B$2.4B$2.4B$2.4B
Stock-based compensation expense$129.0M$107.0M$121.0M$154.0M$134.0M$101.0M
Provision for credit losses$116.0M$142.0M$161.0M$162.0M$154.0M$139.0M
Research and development$2.0B$2.0B$2.4B$2.4B$2.4B$2.4B
Selling, general and administrative$2.5B$2.8B$2.4B$2.7B$2.7B$3.0B
Warranty Accrual: Estimate Changes$721.0M$531.0M$356.0M$1.2B$102.0M$578.0M
Total operating expenses$45.3B$47.0B$40.3B$49.7B$49.0B$57.4B

Earnings Per Share

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Basic earnings per share$0.22$0.47$0.12$-0.01$0.61$-2.78
Diluted earnings per share$0.22$0.45$0.12$-0.01$0.60$-2.77
Dividends Per Share Declared$0.15$0.15$0.30$0.15$0.15$0.15
Weighted average number diluted shares outstanding adjustment10.8M10.8M0000
Weighted-average shares, basic4B—4B4B4B—
Weighted-average shares, diluted4B—4B4B4B—

Operating Income

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Gross profit$6.0B$6.9B$5.5B$5.9B$7.1B—
Operating income$880.0M$1.2B$319.0M$511.0M$1.6B-$11.6B

Income Before Tax

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Income before income taxes$869.0M$2.3B$621.0M$541.0M$1.8B-$14.8B
Income (Loss) from Continuing Operations Before Income Taxes, Domestic$856.0M$856.0M-$2.9B-$2.9B-$2.9B-$2.9B
Income (Loss) from Continuing Operations Before Income Taxes, Foreign$952.3M$952.3M-$70.0M-$70.0M-$70.0M-$70.0M

Other

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Advertising costs$700.0M$700.0M$675.0M$675.0M$675.0M$675.0M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation$3.5B-$536.0M-$2.1B$2.2B$3.8B—
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months-$251.0M$519.0M$181.0M-$317.0M$61.0M$123.0M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$1.3B$1.2B$952.0M$880.0M$2.8B-$10.9B
Less: comprehensive income attributable to noncontrolling interest$5.0M$6.0M$2.0M$6.0M$1.0M$10.0M
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest$1.3B$1.2B$954.0M$886.0M$2.8B-$10.9B
Cost Of Property Repairs And Maintenance$479.8M$479.8M$534.3M$534.3M$534.3M$534.3M
Federal$19.5M$19.5M$17.8M$17.8M$17.8M$17.8M
Foreign$197.8M$197.8M$175.3M$175.3M$175.3M$175.3M
Impairment for credit losses$0.0$0.0$0.0$0.0$0.0$0.0
Federal$6.3M$6.3M-$351.3M-$351.3M-$351.3M-$351.3M
Deferred taxes-$535.0M$692.0M-$54.0M$266.0M-$733.0M-$4.0B
State$8.8M$8.8M-$126.0M-$126.0M-$126.0M-$126.0M
Depreciation$1.8B$1.9B$1.8B$1.9B$2.0B$2.1B
Depreciation, Depletion, And Amortization, Including Impairment$1.3B$1.3B$3.4B$3.4B$3.4B$3.4B
Derivative, Gain (Loss) on Derivative, Net$107.0M-$445.0M$155.0M$163.0M-$209.0M$20.0M
Dividends$607.0M$625.0M$1.2B$618.0M$613.0M$621.0M
Segment EBIT/EBT$2.8B———$2.7B—
Effect of exchange rate changes on cash, cash equivalents and restricted cash$275.0M-$493.0M$118.0M$365.0M-$41.0M—
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash-$114.5M-$114.5M$133.0M$133.0M$133.0M$133.0M
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent-0.3%-0.3%————
Effective Income Tax Rate Reconciliation, Cross-Border, Other, Amount——-$11.5M-$11.5M-$11.5M-$11.5M
Other——0.1%0.1%0.1%0.1%
Tax incentives-0.5%-0.5%————
Flow-through operations——-2.8%-2.8%-2.8%-2.8%
Flow-through operations——$328.3M$328.3M$328.3M$328.3M
Foreign operations0.7%0.7%————
U.S. tax on non-U.S. earnings-0.1%-0.1%————
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Restructuring Charges, Percent0.0%0.0%————
Changes in unrecognized tax benefits——-1.1%-1.1%-1.1%-1.1%
Treasury stock/other -$41.0M-$141.0M$0.0$0.0——
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax-$56.8M-$56.8M$21.8M$21.8M$21.8M$21.8M
Reduction on cost of sales$26.3M$26.3M$13.3M$13.3M$13.3M$13.3M
Diluted earnings per share (in dollars per share)$0.00$0.00$0.00$0.00$0.00$0.00
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions$92.0M$71.0M$14.0M-$275.0M-$51.0M-$3.3B
Income tax expense related to remeasurement of deferred tax assets and liabilities————$424.0M—
Federal taxes——$13.0M$13.0M$13.0M$13.0M
State taxes——$10.5M$10.5M$10.5M$10.5M
Changes in unrecognized tax benefits——$133.0M$133.0M$133.0M$133.0M
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount——$85.3M$85.3M$85.3M$85.3M
Increase (Decrease) in Accounts Payable and Other Operating Liabilities$4.1B—$3.0B$4.3B$3.3B$0.0
Increase (Decrease) in Accounts Receivable and Other Operating Assets$443.0M$451.0M$1.3B$2.2B$177.0M—
Increase (Decrease) in Finance Receivables$874.0M$1.6B-$2.4B-$500.0M$322.0M-$2.4B
Increase (Decrease) in Inventories-$6.8M-$6.8M-$134.8M-$134.8M-$134.8M-$134.8M
Increase Decrease In Inventories And Other Operating Assets$493.0M—$2.7B-$1.2B-$771.0M—
Add - Incremental shares under stock-based compensation plans (in shares)42M—43M065M—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$3.3B$3.8B-$6.1B-$1.3B$3.9B—
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$5.6B-$6.9B$210.0M-$3.2B-$7.4B-$7.7B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$5.5B$3.0B$3.7B$6.3B$7.4B$3.9B
Number of EV vehicles planned for production, that were canceled——0.750.750.750.75
Unrealized gains (losses) on available-for-sale securities$180.0M—$67.0M$36.0M$24.0M$4.0M
Unrealized gains (losses) on hedge instruments-$292.0M$652.0M-$129.0M-$410.0M$291.0M-$67.0M
Foreign currency translation gains (losses)$431.0M-$1.3B$521.0M$1.3B$28.0M$199.0M
Other comprehensive income (loss)$369.0M-$651.0M$481.0M$915.0M$369.0M$163.0M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax-$50.0M-$30.0M-$22.0M-$17.0M-$26.0M-$27.0M
Other Depreciation and Amortization$766.8M$766.8M$2.6B$2.6B$2.6B$2.6B
Other income, net (Note 6)-$77.0M—$5.0M$75.0M$28.0M$49.0M
All other operating activities$659.0M$89.0M$32.0M$181.0M$210.0M—
Payments for (Proceeds from) Derivative Instrument, Investing Activities-$63.0M$94.0M$180.0M-$76.0M$237.0M$102.0M
Payment for (Proceeds from) Other Investing Activity$50.0M$73.0M$45.0M-$225.0M$30.0M—
Payments for Repurchase of Common Stock$32.0M$150.0M$0.0$0.0$0.0$0.0
Payments of Ordinary Dividends, Common Stock$597.0M$596.0M$1.2B$597.0M$597.0M$599.0M
Payments to Acquire Equity Method Investments$901.0M$123.0M$3.0M$135.0M$304.0M$730.0M
Payments to Acquire Loans and Leases Held-for-investment$15.4B$14.8B$11.6B$12.8B$15.6B$15.7B
Payments to Acquire Marketable Securities$2.4B$3.8B$2.4B$2.0B$2.8B$2.3B
Payments to Acquire Productive Assets$2.0B$2.5B$1.8B$2.1B$2.1B$2.8B
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash$488.0M—$94.0M$93.0M$90.0M$785.0M
Collections of finance receivables$11.3B$11.3B$11.0B$11.6B$11.8B$11.4B
Proceeds from Equity Method Investment, Distribution, Return of Capital$9.0M$1.4B$1.7B$0.0$1.0M$1.0M
Debt issued (Note 13)$14.6B$13.7B$12.0B$8.5B$16.5B$12.7B
Financing — other-$36.0M-$37.0M-$116.0M-$30.0M-$54.0M-$55.0M
Proceeds from (Repayments of) Short-Term Debt-$225.0M—-$564.0M-$546.0M$704.0M$1.1B
Proceeds from maturities of marketable securities$3.8B$1.7B$3.6B$2.0B$1.9B$2.6B
Cash received from option exercises——$750.0K$750.0K$750.0K$750.0K
Standard and Extended Product Warranty Accrual, Decrease for Payments$1.5B$1.4B$1.5B$1.3B$1.4B$1.5B
Impairment charges——$2.0B$2.0B$2.0B$2.0B
Repayments of Long-Term Debt$10.4B$10.1B$16.2B$8.6B$12.7B$12.8B
Restructuring incurred cost statement of income or comprehensive income$300.0M$300.0M$211.3M$211.3M$211.3M$211.3M
Restructuring incurred cost statement of income or comprehensive income$247.0M—$71.0M$62.0M$320.0M—
Property, plant, and equipment additions$2.0B———$2.1B—
Granted (in shares)000000
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value$3.12$3.12$2.63$2.63$2.63$2.63
Percent of share based award available for grant in succeeding calendar year0.5%0.5%0.5%0.5%0.5%0.5%
Intrinsic value of stock options exercised——$750.0K$750.0K$750.0K$750.0K
Special Items, Expense$1.4B———$447.0M—
Standard and Extended Product Warranty Accrual, Foreign Currency Translation Gain (Loss)-$69.0M-$358.0M$29.0M$40.0M-$51.0M$64.0M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period00112.5K112.5K112.5K112.5K
Stock Issued During Period, Value, Stock Options Exercised——$1.5M$1.5M$1.5M$1.5M
Invoices confirmed during the period$380.5M$380.5M$316.0M$316.0M$316.0M$316.0M
Unrecognized tax benefits, settlements$3.3M$3.3M$1.8M$1.8M$1.8M$1.8M
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation$25.8M$25.8M————
Foreign currency effect$25.8M$25.8M$36.8M$36.8M$36.8M$36.8M
Additions for tax positions of prior years$128.0M$128.0M$126.5M$126.5M$126.5M$126.5M
Unrecognized tax benefit, interest expense (income)$1.0M—$17.0M-$1.0M$7.0M$56.0M
Valuation Allowances And Reserves Charged To Cost And Expense$50.3M$50.3M-$632.5M-$632.5M-$632.5M-$632.5M
Valuation Allowances And Reserves Deductions$113.8M$113.8M$122.8M$122.8M$122.8M$122.8M

Revenue

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Total revenue$46.2B$48.2B$40.7B$50.2B$50.5B$45.9B