Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Analysis of Debt
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Ford Motor Co., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
Financial performance over the analyzed period is characterized by steady top-line growth in automotive revenues interrupted by extreme volatility in net profitability and a significant margin collapse in the latter portion of 2025.
- Revenue Trends
- Company revenues excluding Ford Credit demonstrate a general upward trajectory, rising from 33,565 million USD in March 2021 to a peak of 47,185 million USD in June 2025. This growth indicates an expansion in market reach or pricing power over the five-year period, although quarterly fluctuations remain present.
- Ford Credit revenues show a more stable and consistent growth pattern, increasing steadily from approximately 2,663 million USD in early 2021 to 3,405 million USD by June 2026, providing a consistent secondary revenue stream.
- Gross Profit and Cost Management
- Cost of sales generally tracked with revenue growth until September 30, 2025, where costs spiked to 51,622 million USD, exceeding the quarterly revenue of 47,185 million USD. This resulted in a severe negative gross profit of 9,176 million USD for that specific period, representing a critical deviation from the historical trend of positive gross margins.
- Outside of the September 2025 anomaly, gross profits fluctuated between approximately 1,200 million USD and 4,900 million USD, suggesting a baseline margin that struggled to scale proportionally with revenue increases.
- Operating Performance
- Operating income exhibits high volatility. While the company achieved peaks of 2,868 million USD in June 2022 and 2,461 million USD in June 2023, it faced a substantial operating loss of 11,557 million USD in September 2025, mirroring the collapse in gross profit.
- Selling, administrative, and other expenses remained relatively controlled, generally fluctuating between 2,300 million USD and 3,200 million USD, indicating that the primary drivers of profitability volatility were cost of sales and non-operating items rather than overhead growth.
- Net Income and Non-Operating Factors
- Net income attributable to Ford Motor Company is marked by extreme outliers. A significant peak occurred in December 2021 with a net income of 12,282 million USD, which was heavily driven by "Other income, net" totaling 10,850 million USD, rather than core operational performance.
- The company experienced severe losses in the latter stages of the data set, most notably a net loss of 11,064 million USD in September 2025 and a loss of 1,327 million USD in June 2026. These losses were exacerbated by negative equity in the net income of affiliated companies, which reached a loss of 3,018 million USD in September 2025 and 2,763 million USD in June 2026.