Ford Motor Company
Q1 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +5.24%.
Did F Beat Earnings? Q1 2025 Results
Ford Motor Company delivered a surprisingly strong first quarter of 2025, with adjusted EPS of $0.14 beating the $0.02 consensus estimate by 557.28%, while revenue of $40.66 billion topped expectations by 13.61% despite falling 5% year-over-year as planned plant shutdowns for new product launches and inventory rebalancing weighed on wholesale volumes. Net income declined sharply to $471 million from $1.33 billion a year ago, and adjusted EBIT fell to $1.02 billion, reflecting the operational drag from a 7% drop in wholesale units to 971,000. Ford Pro remained the most resilient segment, generating $1.31 billion in EBIT, while the Model e division narrowed its losses even as U.S. retail EV sales grew 15% — a signal that <a href="https://247wallst.com/investing/2025/10/23/ford-a-stronger-and-more-agile-company-as-shares-pop-higher/">Ford's transformation is gaining traction</a>. The quarter's defining moment, however, was management's decision to suspend full-year guidance entirely, citing an estimated $1.50 billion tariff headwind and material supply chain uncertainties — a challenge echoed across the broader auto industry — with a formal update deferred to the second-quarter call.
- Third consecutive quarter of year-over-year cost improvement excluding tariff impacts
- Quality improvements favorably contributed to performance
- Ford Pro gaining market share in most profitable U.S. and European customer segments
- Ford Credit earnings before taxes up significantly to $580 million
- Ford Model e U.S. retail sales grew 15% year-over-year
- Ford Power Promise campaign expanding home charger access for EV customers
“We are strengthening our underlying business with significantly better quality and our third straight quarter of year-over-year cost improvement, excluding the impact of tariffs.”
Ford CEO, on the earnings call
Forward Guidance & Outlook
Ford suspended its full-year 2025 financial guidance, including adjusted EBIT and adjusted free cash flow targets, due to tariff-related uncertainty. The company's underlying business was tracking within its previous adjusted EBIT guidance range of $7 billion to $8.5 billion, excluding new tariff impacts. Ford estimates a tariff-related net adverse adjusted EBIT impact of approximately $1.5 billion for full-year 2025, subject to ongoing policy developments. Material near-term risks include potential industrywide supply chain disruption, future or increased tariffs, retaliatory tariffs by other governments, and policy uncertainties around tax and emissions. The company plans to provide an update during the Q2 earnings call.
F YoY Financials
F Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.