CapEx
Ford Motor Company CapEx increased by 31.0% to $2.78B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.4%, from $2.50B to $2.78B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 9.1% CAGR.
Analysis
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
capital_expendituresHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.51B | $1.57B | $1.77B | $1.37B | $1.70B | $1.73B | $2.07B | $1.78B | $1.95B | $2.21B | $2.30B | $2.09B | $2.10B | $1.99B | $2.50B | $1.82B | $2.09B | $2.13B | $2.78B |
| QoQ Change | — | +4.0% | +12.6% | -22.7% | +24.0% | +1.9% | +19.2% | -13.8% | +9.5% | +13.5% | +3.8% | -8.8% | +0.3% | -5.1% | +25.4% | -27.2% | +14.9% | +1.8% | +31.0% |
| YoY Change | — | — | — | — | +12.3% | +10.0% | +16.5% | +29.9% | +14.7% | +27.7% | +11.1% | +17.6% | +7.7% | -9.9% | +8.8% | -13.2% | -0.6% | +6.7% | +11.4% |
Business Segments
| Segment | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 |
|---|---|---|---|---|---|---|---|---|
| Ford Blue | $1.24B | $1.24B | $1.05B | $1.05B | — | — | $987.00M | $1.06B |
| Ford Model e | $715.25M | $715.25M | $975.00M | $973.00M | — | — | $761.00M | $952.00M |
| Ford Credit | $20.00M | $20.00M | $21.00M | $22.00M | — | — | $28.00M | $34.00M |
| Ford Pro | $1.75M | $1.75M | $9.00M | $8.00M | — | — | $7.00M | $16.00M |
| Ford Next Segment | $1.50M | $1.50M | $750.00K | $750.00K | $750.00K | $750.00K | — | — |
| Total | $2.21B | $2.30B | $2.09B | $2.10B | $1.99B | $2.50B | $1.82B | $2.09B |
Ford Next Segment is derived from annual filings.
Ford Blue, Ford Credit, Ford Model e, Ford Next Segment, Ford Pro were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Ford Motor Company's capex?
- Ford Motor Company (F) reported capex of $2.78B in Q4 2025.
- How has Ford Motor Company's capex changed year-over-year?
- Ford Motor Company's capex increased by 11.4% year-over-year, from $2.50B to $2.78B.
- What is the long-term trend for Ford Motor Company's capex?
- Over 4 years (2021 to 2025), Ford Motor Company's capex has grown at a 9.1% compound annual growth rate (CAGR), from $6.23B to $8.82B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.