Ford Motor Company
F
$13.03 -0.84%
Exchange: NYSE | Sector: Consumer Cyclical | Industry: Auto Manufacturers
Q4 2024
Published: Feb 6, 2025

Earnings Highlights

  • Revenue of $48.21B up 4.9% year-over-year
  • EPS of $0.45 decreased by 453.9% from previous year
  • Gross margin of 8.3%
  • Net income of 1.82B
  • ""We are on course with our EV strategy; our products and services are compelling and get even stronger this year with great new launches." - Jim Farley, CEO" - Jim Farley
F
Ford Motor Company

Executive Summary

In Q4 2024, Ford Motor Company reported a landmark revenue of $48.2 billion, celebrating its fourth consecutive year of top-line growth and strengthening its position as a leader in the automotive industry. This notable success was predominantly fueled by robust demand for its F-Series trucks and disciplined pricing strategies across its product lines. However, the company faced challenges from increased operational costs, positioning itself to implement further cost reduction measures to maintain profitability. Management expressed optimism for future growth, emphasizing preparedness for dynamic market conditions and the strategic execution of its Ford+ plan, aimed at enhancing vehicle quality and efficiency while expanding revenue streams through software and services.

The financial outlook for 2025 anticipates adjusted EBIT between $7 billion and $8.5 billion, reflecting a commitment to operational efficiency and cost discipline. As electric vehicles (EVs) gain traction in the market, Ford is strategically enhancing its offerings, focusing on affordability and customer satisfaction. The management holds a positive outlook for sustaining growth despite potential external challenges, including tariffs and market volatility, underlining a focused strategy continued to deliver shareholder rewards.

Key Performance Indicators

Revenue
Increasing
48.21B
QoQ: 4.36% | YoY: 4.89%
Gross Profit
Increasing
4.01B
8.31% margin
QoQ: 20.14% | YoY: 58.42%
Operating Income
Decreasing
1.23B
QoQ: 39.89% | YoY: -602.45%
Net Income
Decreasing
1.82B
QoQ: 104.48% | YoY: -446.77%
EPS
Decreasing
0.46
QoQ: 109.09% | YoY: -453.85%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 48,211.00 0.45 +4.9% View
Q3 2024 46,196.00 0.22 +5.5% View
Q2 2024 47,808.00 0.46 +6.4% View
Q1 2024 42,777.00 0.33 +3.1% View
Q4 2023 45,962.00 -0.13 +4.5% View