Summary
Ford Motor Company reported a strong third quarter and first nine months of 2025, demonstrating significant revenue growth and improved profitability compared to the prior year, primarily driven by increased sales in the Ford Pro and Ford Credit segments, alongside positive developments in cost management and operational efficiency. Total revenues increased by 9% year-over-year for the third quarter to $50.5 billion, and by 3% for the first nine months to $141.4 billion. Net income attributable to Ford Motor Company more than doubled year-over-year in the third quarter, reaching $2.45 billion ($0.60 diluted EPS), up from $892 million ($0.22 diluted EPS) in Q3 2024. This improvement was largely due to a significant decrease in "special items" and favorable tax adjustments, partially offset by lower performance in Ford Blue and Ford Model e segments. The company's strategic focus on its Ford+ plan appears to be yielding results, with robust performance in commercial vehicle sales (Ford Pro) and a healthy contribution from Ford Credit. While the Ford Model e segment continues to operate at a loss, there are signs of improvement in cost structures and increasing wholesale volumes, driven by new EV launches. Management guidance for the full year 2025 has been updated to reflect a positive outlook for Adjusted EBIT and Adjusted Free Cash Flow, though adjusted for the significant impact of the Novelis plant fire. Investors should monitor the company's progress in managing costs, navigating supply chain challenges, and advancing its electric vehicle strategy.
Financial Highlights
50 data points| Revenue | $50.53B |
| Cost of Revenue | $43.41B |
| Gross Profit | $7.12B |
| SG&A Expenses | $2.74B |
| Operating Expenses | $48.98B |
| Operating Income | $1.56B |
| Net Income | $2.45B |
| EPS (Basic) | $0.61 |
| EPS (Diluted) | $0.60 |
| Shares Outstanding (Basic) | 3.98B |
| Shares Outstanding (Diluted) | 4.05B |
Key Highlights
- 1Total revenues for Q3 2025 increased 9% year-over-year to $50.5 billion, and for the first nine months rose 3% to $141.4 billion.
- 2Net income attributable to Ford Motor Company surged to $2.45 billion ($0.60 diluted EPS) in Q3 2025, a substantial increase from $892 million ($0.22 diluted EPS) in Q3 2024.
- 3Company Adjusted EBIT improved slightly in Q3 2025 to $2.59 billion, though adjusted EBIT margin decreased to 5.1% from 5.5% year-over-year.
- 4Ford Pro segment demonstrated strong performance with EBIT of $1.99 billion in Q3 2025, up from $1.81 billion in Q3 2024, driven by higher wholesales and favorable exchange rates.
- 5Ford Credit segment's EBT increased to $631 million in Q3 2025 from $544 million in Q3 2024, primarily due to higher financing margins and receivables.
- 6The company updated its full-year 2025 guidance, expecting Adjusted EBIT between $6.0 - $6.5 billion and Adjusted Free Cash Flow between $2.0 - $3.0 billion, while factoring in a significant headwind from the Novelis plant fire.
- 7The Ford Model e segment reported an EBIT loss of $1.41 billion in Q3 2025, an increased loss compared to the prior year, despite significant increases in wholesale volumes and revenue.