Summary
Ford Motor Company reported a net income of $5,879 million and adjusted EBIT of $10,208 million for the fiscal year ended December 30, 2024. The company's revenue increased by 5% to $184,992 million. Despite overall profitability improvement and positive cash flow from operations, the Ford Model e segment continues to be a significant drag, reporting an EBIT loss of $5,076 million, a $375 million increase in losses from the prior year, primarily due to pricing pressures and ongoing investments. Conversely, the Ford Pro segment demonstrated robust performance, with EBIT increasing by $1,793 million to $9,015 million, driven by favorable market factors. Ford Blue's EBIT decreased by $2,178 million to $5,284 million, largely attributed to unfavorable exchange rates and cost pressures. The company is navigating a complex automotive landscape marked by evolving EV adoption rates, inflationary pressures, and regulatory changes, as highlighted in its 2025 guidance which projects adjusted EBIT between $7.0 billion and $8.5 billion.
Financial Highlights
53 data points| Revenue | $184.99B |
| Cost of Revenue | $158.43B |
| Gross Profit | $26.56B |
| R&D Expenses | $8.00B |
| SG&A Expenses | $10.29B |
| Operating Expenses | $179.77B |
| Operating Income | $5.22B |
| Net Income | $5.89B |
| EPS (Basic) | $1.48 |
| EPS (Diluted) | $1.46 |
| Shares Outstanding (Basic) | 3.98B |
| Shares Outstanding (Diluted) | 4.02B |
Key Highlights
- 1Ford reported a net income of $5,879 million for the fiscal year ended December 30, 2024, a significant increase from the previous year.
- 2The Ford Pro segment showed strong performance with EBIT rising to $9,015 million, an increase of $1,793 million year-over-year.
- 3The Ford Model e segment incurred a substantial EBIT loss of $5,076 million, widening the loss by $375 million compared to the prior year.
- 4Company revenue grew by 5% to $184,992 million, reflecting improved wholesales and favorable mix in certain segments.
- 5Despite a challenging EV market, Ford's cash flow from operations remained strong at $15.4 billion.
- 6The company's 2025 guidance projects adjusted EBIT between $7.0 billion and $8.5 billion, indicating cautious optimism amid market uncertainties.
- 7Ford continues to invest in its Ford+ plan, focusing on core strengths while managing the transition to electric vehicles and advanced technologies.