F vs RACE: Ford Motor and Ferrari NV compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Ferrari NV is the larger company, worth $68.0B, about 1.5 times Ford Motor.
- Ferrari NV grew revenue faster over the last year (+7.0% vs +6.4%).
- Ferrari NV keeps more of each dollar of revenue as operating profit (29.5% 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 | RACE |
|---|---|---|
| Market cap | $46.7B | $68.0B |
| Share price | $12.17 | $389.91 |
| Revenue (last fiscal year) | $187.3B | $7.1B |
| Free cash flow (last fiscal year) | $12.5B | $1.4B |
| Revenue growth, last year | +6.4% | +7.0% |
| Revenue growth per year, last 5 fiscal years | +8.3% | +13.7% |
| Operating margin | -3.8% | 29.5% |
| Net margin | -3.2% | 22.4% |
| Return on equity | -16.3% | 40.9% |
| P/E (trailing) | — | 36.9x |
| Price / free cash flow | 3.74x | 25.6x |
| EV / EBITDA | 25.7x | 18.4x |
| FCF growth the price implies | -18.5% | — |
| Dividend yield | 5.1% | 1.1% |
| Debt / equity | 6.54x | 1.46x |
| Fundamental grade | D | C |
| Superinvestors holding it | 0 | 6 |
| 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% |
Ferrari NV
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $4.3B | $546M | 25.2% |
| 2022 | $5.1B | $599M | 24.1% |
| 2023 | $6.0B | $848M | 27.1% |
| 2024 | $6.7B | $938M | 28.3% |
| 2025 | $7.1B | $1.4B | 29.5% |
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%
Ferrari NV · by products, 2025
Cars and spare parts$6.0B84%
Sponsorship, commercial and brand$820M11%
Other$321M4%
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 Ferrari NV?
Ferrari NV (RACE), at $68.0B against $46.7B.
Which grows faster, F or RACE?
Ferrari NV: revenue grew +7.0% over the last year, against +6.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.