Return on Equity (ROE)
since 2005
Calculation
Ford Motor Co., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to Ford Motor Company1 | ÷ | Equity (deficit) attributable to Ford Motor Company1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | -22.76% | = | 100 | × | (8,182) | ÷ | 35,952) |
| Dec 31, 2024 | 13.11% | = | 100 | × | 5,879) | ÷ | 44,835) |
| Dec 31, 2023 | 10.16% | = | 100 | × | 4,347) | ÷ | 42,773) |
| Dec 31, 2022 | -4.58% | = | 100 | × | (1,981) | ÷ | 43,242) |
| Dec 31, 2021 | 36.97% | = | 100 | × | 17,937) | ÷ | 48,519) |
| Dec 31, 2020 | -4.17% | = | 100 | × | (1,279) | ÷ | 30,690) |
| Dec 31, 2019 | 0.14% | = | 100 | × | 47) | ÷ | 33,185) |
| Dec 31, 2018 | 10.23% | = | 100 | × | 3,677) | ÷ | 35,932) |
| Dec 31, 2017 | 21.79% | = | 100 | × | 7,602) | ÷ | 34,890) |
| Dec 31, 2016 | 15.76% | = | 100 | × | 4,596) | ÷ | 29,170) |
| Dec 31, 2015 | 25.74% | = | 100 | × | 7,373) | ÷ | 28,642) |
| Dec 31, 2014 | 12.85% | = | 100 | × | 3,187) | ÷ | 24,805) |
| Dec 31, 2013 | 27.12% | = | 100 | × | 7,155) | ÷ | 26,383) |
| Dec 31, 2012 | 35.52% | = | 100 | × | 5,665) | ÷ | 15,947) |
| Dec 31, 2011 | 134.50% | = | 100 | × | 20,213) | ÷ | 15,028) |
| Dec 31, 2010 | — | = | 100 | × | 6,561) | ÷ | (673) |
| Dec 31, 2009 | — | = | 100 | × | 2,717) | ÷ | (7,820) |
| Dec 31, 2008 | — | = | 100 | × | (14,672) | ÷ | (17,311) |
| Dec 31, 2007 | -48.38% | = | 100 | × | (2,723) | ÷ | 5,628) |
| Dec 31, 2006 | — | = | 100 | × | (12,613) | ÷ | (3,465) |
| Dec 31, 2005 | 15.62% | = | 100 | × | 2,024) | ÷ | 12,957) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The return on equity (ROE) exhibited substantial volatility between 2005 and 2025. A period of significant challenges followed by recovery and subsequent fluctuations characterized the company’s performance over this timeframe. Initial profitability was followed by considerable losses, a strong rebound, and then a return to inconsistent results.
- Initial Period (2005-2008)
- In 2005, the ROE stood at 15.62%. This was followed by a substantial loss in 2006, resulting in a missing ROE value, and a significant negative ROE of -48.38% in 2007. The negative trend continued into 2008, with ROE remaining unavailable, indicating substantial losses impacting equity.
- Recovery and Growth (2009-2011)
- A turnaround began in 2009, with a return to positive net income and a positive ROE, although the value is not available. The ROE experienced a dramatic increase in 2011, reaching 134.50%, coinciding with a substantial increase in net income and equity. This suggests a significant improvement in profitability relative to equity.
- Moderation and Fluctuations (2012-2019)
- The ROE moderated in subsequent years, decreasing to 35.52% in 2012, 27.12% in 2013, and 12.85% in 2014. It then increased again to 25.74% in 2015 and 15.76% in 2016, before rising to 21.79% in 2017. A decline followed in 2018 to 10.23%, and a minimal 0.14% in 2019, indicating a weakening of profitability relative to equity.
- Recent Volatility (2020-2025)
- The period from 2020 to 2025 was marked by significant fluctuations. A negative ROE of -4.17% was recorded in 2020, followed by a substantial positive ROE of 36.97% in 2021. This was followed by a negative ROE of -4.58% in 2022, a positive ROE of 10.16% in 2023, and a significant negative ROE of -22.76% in 2025. This recent volatility suggests increased sensitivity to external factors or internal operational changes.
Overall, the ROE demonstrates a pattern of cyclical performance, with periods of strong growth followed by declines and recoveries. The substantial fluctuations observed, particularly in the later years, suggest a degree of instability in the company’s profitability relative to its equity base.
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Comparison to Competitors
Ford Motor Co., ROE, long-term trends, comparison to competitors
| Ford Motor Co. | General Motors Co. | Tesla Inc. | |
|---|---|---|---|
| Dec 31, 2025 | -22.76% | 4.41% | 4.62% |
| Dec 31, 2024 | 13.11% | 9.53% | 9.73% |
| Dec 31, 2023 | 10.16% | 15.75% | 23.94% |
| Dec 31, 2022 | -4.58% | 14.65% | 28.09% |
| Dec 31, 2021 | 36.97% | 16.77% | 18.28% |
| Dec 31, 2020 | -4.17% | 14.27% | 3.24% |
| Dec 31, 2019 | 0.14% | 16.11% | -13.03% |
| Dec 31, 2018 | 10.23% | 20.62% | -19.83% |
| Dec 31, 2017 | 21.79% | -11.04% | -46.29% |
| Dec 31, 2016 | 15.76% | 21.51% | -14.20% |
| Dec 31, 2015 | 25.74% | 24.30% | -81.61% |
| Dec 31, 2014 | 12.85% | 11.14% | -32.25% |
| Dec 31, 2013 | 27.12% | 12.55% | -11.09% |
| Dec 31, 2012 | 35.52% | 17.07% | -317.73% |
| Dec 31, 2011 | 134.50% | 24.11% | -113.55% |
| Dec 31, 2010 | — | 17.06% | -74.54% |
| Dec 31, 2009 | — | — | — |
| Dec 31, 2008 | — | — | — |
| Dec 31, 2007 | -48.38% | — | — |
| Dec 31, 2006 | — | — | — |
| Dec 31, 2005 | 15.62% | — | — |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Automobiles & Components)
Ford Motor Co., ROE, long-term trends, comparison to sector (automobiles & components)
| Ford Motor Co. | Automobiles & Components | |
|---|---|---|
| Dec 31, 2025 | -22.76% | -0.94% |
| Dec 31, 2024 | 13.11% | 10.50% |
| Dec 31, 2023 | 10.16% | 17.37% |
| Dec 31, 2022 | -4.58% | 13.17% |
| Dec 31, 2021 | 36.97% | 24.18% |
| Dec 31, 2020 | -4.17% | 5.99% |
| Dec 31, 2019 | 0.14% | 7.25% |
| Dec 31, 2018 | 10.23% | 13.44% |
| Dec 31, 2017 | 21.79% | 2.40% |
| Dec 31, 2016 | 15.76% | 17.17% |
| Dec 31, 2015 | 25.74% | 23.23% |
| Dec 31, 2014 | 12.85% | 11.18% |
| Dec 31, 2013 | 27.12% | 17.84% |
| Dec 31, 2012 | 35.52% | 21.90% |
| Dec 31, 2011 | 134.50% | 54.61% |
| Dec 31, 2010 | — | 35.22% |
| Dec 31, 2009 | — | — |
| Dec 31, 2008 | — | — |
| Dec 31, 2007 | -48.38% | -48.38% |
| Dec 31, 2006 | — | — |
| Dec 31, 2005 | 15.62% | 15.62% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
Ford Motor Co., ROE, long-term trends, comparison to industry (consumer discretionary)
| Ford Motor Co. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2025 | -22.76% | 20.91% |
| Dec 31, 2024 | 13.11% | 27.93% |
| Dec 31, 2023 | 10.16% | 29.93% |
| Dec 31, 2022 | -4.58% | 20.78% |
| Dec 31, 2021 | 36.97% | 33.71% |
| Dec 31, 2020 | -4.17% | 24.49% |
| Dec 31, 2019 | 0.14% | 34.62% |
| Dec 31, 2018 | 10.23% | 34.33% |
| Dec 31, 2017 | 21.79% | 22.85% |
| Dec 31, 2016 | 15.76% | 28.74% |
| Dec 31, 2015 | 25.74% | 29.03% |
| Dec 31, 2014 | 12.85% | 20.60% |
| Dec 31, 2013 | 27.12% | 20.34% |
| Dec 31, 2012 | 35.52% | 21.97% |
| Dec 31, 2011 | 134.50% | 34.92% |
| Dec 31, 2010 | — | 24.34% |
| Dec 31, 2009 | — | 25.32% |
| Dec 31, 2008 | — | 1.64% |
| Dec 31, 2007 | -48.38% | 16.06% |
| Dec 31, 2006 | — | 3.84% |
| Dec 31, 2005 | 15.62% | 19.92% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).