NYSE$F

Ford Motor Co · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Ford reported strong Q4 2024 results with revenue increasing to $48.2 billion and net income reaching $1.8 billion. Adjusted EBIT improved to $2.1 billion. Ford Pro continued to be a key driver of profitability, while Ford Model e remained a loss-making segment. Cash flow and liquidity remain robust.

Headline financials

Total Revenue

$48.2B

Previous: $46B+4.9%
EPS (adj)

$0.39

Previous: $0.29+34.5%
EBIT Margin

7.5%

No prior period
Adjusted EBIT

$3.5B

No prior period
Net Income Margin

8.1%

No prior period
Adjusted ROIC

11.8%

No prior period
Ford Credit EBIT

$900M

No prior period
Capital Expenditures

-$8.68B

Previous: -$2.3B-278.4%
Net Income

$1.82B

Previous: -$526M+446.8%
Operating Income

$1.23B

Previous: $5.46B-77.4%

Revenue & EPS history

Ford · Revenue · Quarterly

$48.2B

Q4 2024+4.9%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Ford · $48B total across 4 segments · Q3 2023

  • Ford Blue
    $28.7B
  • Ford Pro
    $13.8B+16.0%
  • Ford Model e
    $2.92B
  • Ford Credit
    $2.63B

Forward guidance

Ford expects FY 2025 adjusted EBIT between $7.0 billion and $8.5 billion, with headwinds from market factors and costs. Capital spending is projected between $8.0 billion and $9.0 billion.

Tailwinds

  • Ford Pro expected to continue strong profitability with projected EBIT of $7.5B to $8.0B.
  • Ford Blue expected to generate EBIT of $3.5B to $4.0B.
  • Ford Credit projected to contribute around $2.0B in earnings before taxes.
  • Continued focus on cost reduction and improving margins.
  • Strong liquidity position provides financial flexibility.

Headwinds

  • Ford Model e expected to post a significant loss of $5.0B to $5.5B.
  • Q1 2025 adjusted EBIT expected to be roughly breakeven due to lower wholesales.
  • Market-related headwinds could impact profitability.
  • Ongoing restructuring and cost-cutting measures may lead to short-term disruptions.
  • High capital spending requirements may pressure free cash flow.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.9%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-0.1%

Avg return

30 days after

42%

31 / 73 earnings

Positive

+11.6%

Q2 2022

Best reaction

-19.3%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-4.5%+42.7%
Q4 2025+2.1%+4.1%-14.0%
Q3 2025+7.5%+7.3%+4.0%
Q2 2025+1.8%+1.7%+8.3%
Q1 2025+2.7%+2.6%-0.7%
Q4 2024-7.5%-8.0%-1.1%
Q3 2024-6.0%-7.7%+0.3%
Q2 2024-19.3%-20.4%-18.5%
Q1 2024+0.8%-1.5%-6.0%
Q4 2023+10.4%+9.4%+7.1%
Q3 2023-13.7%-15.5%-9.9%
Q2 2023-3.0%-1.8%-12.9%
Q1 2023-2.2%-0.6%+0.4%
Q4 2022-4.1%-2.5%-5.1%
Q3 2022+1.3%+4.2%+9.7%
Q2 2022+11.6%+22.3%+22.9%
Q1 2022-0.6%-3.0%-7.3%
Q4 2021-12.9%-14.1%-18.3%
Q3 2021+5.8%+12.6%+23.9%
Q2 2021+4.4%+0.9%-3.5%
Q1 2021-9.8%-6.9%+16.3%
Q4 2020+2.8%+6.5%+9.6%
Q3 2020-0.3%-2.7%+14.8%
Q2 2020-4.5%-0.9%+0.3%
Q1 2020+1.7%-4.8%+13.2%
Q4 2019-7.5%-9.7%-24.9%
Q3 2019-5.2%-5.1%-2.0%
Q2 2019-6.0%-5.6%-13.8%
Q1 2019+8.8%+9.2%+2.7%
Q4 2018+1.2%-2.9%-3.4%
Q3 2018+4.7%+8.0%+6.3%
Q2 2018-6.4%-4.7%-8.4%
Q1 2018+4.3%+2.6%+5.0%
Q4 2017-3.3%-9.3%-18.7%
Q3 2017+0.2%+1.9%+0.5%
Q2 2017-0.8%-0.4%-4.0%
Q1 2017-1.1%-5.9%-5.8%
Q4 2016-2.3%-3.4%-2.5%
Q3 2016-1.3%-2.3%+1.3%
Q2 2016-8.5%-13.7%-10.5%
Q1 2016-0.7%
Q4 2015+0.8%
Q3 2015-4.5%
Q2 2015+4.5%
Q1 2015+0.8%
Q4 2014+1.7%
Q3 2014-4.0%
Q2 2014-0.9%
Q1 2014-2.1%
Q4 2013-2.9%
Q3 2013+0.5%
Q2 2013+0.1%
Q1 2013+0.8%
Q4 2012-6.2%
Q3 2012+7.7%
Q2 2012-1.1%
Q1 2012-2.4%
Q4 2011-3.7%
Q2 2011-3.7%
Q3 2011-0.9%
Q1 2011+2.0%
Q4 2007-2.7%
Q4 2010-2.7%
Q3 2010-0.9%
Q2 2010+0.5%
Q1 2009+3.1%
Q1 2010-4.9%
Q4 2009+0.1%
Q3 2008+9.8%
Q3 2009+9.8%
Q2 2009-2.8%
Q4 2008-2.8%
Q2 2008-2.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro