F vs HMC: Ford Motor and Honda Motor Co Ltd ADR compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Ford Motor is the larger company, worth $46.7B, close to Honda Motor Co Ltd ADR's $44.5B.
- Ford Motor grew revenue faster over the last year (+6.4% vs +6.2%).
- Honda Motor Co Ltd ADR keeps more of each dollar of revenue as operating profit (5.6% vs -3.8%).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | F | HMC |
|---|---|---|
| Market cap | $46.7B | $44.5B |
| Share price | $12.17 | $32.70 |
| Revenue (last fiscal year) | $187.3B | $21.69T |
| Free cash flow (last fiscal year) | $12.5B | -$555.3B |
| Revenue growth, last year | +6.4% | +6.2% |
| Revenue growth per year, last 5 fiscal years | +8.3% | +13.3% |
| Operating margin | -3.8% | 5.6% |
| Net margin | -3.2% | 3.9% |
| Return on equity | -16.3% | 8.0% |
| P/E (trailing) | — | 13.8x |
| Price / free cash flow | 3.74x | — |
| EV / EBITDA | 25.7x | 2.61x |
| FCF growth the price implies | -18.5% | — |
| Dividend yield | 5.1% | 4.2% |
| Debt / equity | 6.54x | 1.26x |
| Fundamental grade | D | D |
| Superinvestors holding it | 0 | 3 |
| Insider purchases, last 12 months | 1 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Ford Motor
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $136.3B | $9.6B | 3.3% |
| 2022 | $158.1B | -$13M | 4.0% |
| 2023 | $176.2B | $6.7B | 3.1% |
| 2024 | $185.0B | $6.7B | 2.8% |
| 2025 | $187.3B | $12.5B | -4.9% |
Honda Motor Co Ltd ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $13.17T | $521.2B | 5.0% |
| 2022 | $14.55T | $1.23T | 6.0% |
| 2023 | $16.91T | $1.50T | 4.6% |
| 2024 | $20.43T | $138.6B | 6.8% |
| 2025 | $21.69T | -$555.3B | 5.6% |
Where the revenue comes from
Ford Motor · by segments, 2025
Ford Blue$101.0B54%
Ford Pro$66.3B35%
Ford Credit$13.3B7%
Ford Model e$6.7B4%
Honda Motor Co Ltd ADR · by segments, 2026
Automobile business$14.17T64%
Motorcycle business$4.02T18%
Financial services business$3.53T16%
Power products and other businesses$420.4B2%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open F in InvestinglyQuestions
Which is bigger, Ford Motor or Honda Motor Co Ltd ADR?
Ford Motor (F), at $46.7B against $44.5B.
Which grows faster, F or HMC?
Ford Motor: revenue grew +6.4% over the last year, against +6.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.