Ford Motor Company
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −3.31%.
Did F Beat Earnings? Q4 2025 Results
Ford delivered a deeply conflicted Q4 2025, posting adjusted EPS of $0.13 against a consensus estimate of $0.1738 — a miss of 25.20% — even as revenue of $45.90 billion cleared Wall Street's $39.07 billion estimate by 17.47% and grew 12.9% year-over-year. The earnings shortfall traces directly to $15.50 billion in special-item charges, dominated by $10.70 billion in Model e asset impairments and EV program cancellations, which drove a GAAP net loss of $11.10 billion for the quarter alone. Strip those out, and the underlying business held firmer ground: adjusted EBIT came in at $1.03 billion for Q4, with Ford Pro and Ford Blue providing ballast while the EV segment narrowed its full-year loss to $4.81 billion. For investors weighing <a href="https://247wallst.com/forecasts/2026/01/17/ford-f-price-prediction-and-forecast-2025-2030/">Ford's long-term trajectory</a>, management's 2026 guidance of $8.00 billion to $10.00 billion in adjusted EBIT and a targeted 8% adjusted EBIT margin by 2029 offered a clearer signal of where the company believes its restructuring pivot is headed.
- Lowered material and warranty costs with progress on quality
- Ford Pro paid software subscriptions grew 30% in 2025
- U.S. Transit vans had record volume; Super Duty pickups had best volume year since 2004, up 10%
- F-150 and Maverick were the two best-selling hybrid pickup trucks in the U.S.
- Bronco had record sales; Explorer was the best-selling three-row SUV
- Ford Credit full-year EBT increased 55% year-over-year to $2.6 billion
- Ford Model e EBIT loss improved by $0.3 billion compared to 2024
“Ford delivered a strong 2025 in a dynamic and often volatile environment. We improved our core business and execution, made significant progress in the areas of the business we control – lowering material and warranty costs and making real progress on quality – and made difficult but critical strategic decisions that set us up for a stronger future. Moving forward, we'll continue building on our strong foundation to achieve our target of 8% adjusted EBIT margin by 2029.”
Ford CEO, on the earnings call
Forward Guidance & Outlook
For full-year 2026, Ford anticipates company adjusted EBIT of $8.0 billion to $10.0 billion; adjusted free cash flow of $5.0 billion to $6.0 billion; and capital expenditures of $9.5 billion to $10.5 billion, including around $1.5 billion to begin ramping Ford Energy. At the segment level, Ford Pro EBIT is expected at $6.5 billion to $7.5 billion; Ford Blue at $4.0 billion to $4.5 billion; and Ford Model e at a loss of $4.0 billion to $4.5 billion. Ford Credit EBT is expected to be about $2.5 billion. Management targets an 8% adjusted EBIT margin by 2029.
F YoY Financials
F Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.