Stock Analysis on Net

Ford Motor Co. (NYSE:F)

Analysis of Profitability Ratios 

Microsoft Excel

Profitability Ratios (Summary)

Ford Motor Co., profitability ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Return on Sales
Gross profit margin 9.79% 9.12% 2.70% 6.20% 8.11%
Operating profit margin 4.21% 3.59% -3.80% 0.40% 2.16%
Net profit margin -1.33% 14.22% -1.10% 0.03% 2.48%
Return on Investment
Return on equity (ROE) -4.58% 36.97% -4.17% 0.14% 10.23%
Return on assets (ROA) -0.77% 6.98% -0.48% 0.02% 1.43%

Based on: 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).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Ford Motor Co. gross profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Ford Motor Co. operating profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Ford Motor Co. net profit margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Ford Motor Co. ROE improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
ROA A profitability ratio calculated as net income divided by total assets. Ford Motor Co. ROA improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Gross Profit Margin

Ford Motor Co., gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Gross profit 14,583 11,499 3,133 8,906 12,025
Automotive revenues 148,980 126,150 115,885 143,599 148,294
Profitability Ratio
Gross profit margin1 9.79% 9.12% 2.70% 6.20% 8.11%
Benchmarks
Gross Profit Margin, Competitors2
General Motors Co. 11.87% 11.49% 10.25% 9.82% 9.31%
Tesla Inc. 25.60% 25.28% 21.02% 16.56% 18.83%

Based on: 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).

1 2022 Calculation
Gross profit margin = 100 × Gross profit ÷ Automotive revenues
= 100 × 14,583 ÷ 148,980 = 9.79%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Ford Motor Co. gross profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.

Operating Profit Margin

Ford Motor Co., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Operating income (loss) 6,276 4,523 (4,408) 574 3,203
Automotive revenues 148,980 126,150 115,885 143,599 148,294
Profitability Ratio
Operating profit margin1 4.21% 3.59% -3.80% 0.40% 2.16%
Benchmarks
Operating Profit Margin, Competitors2
General Motors Co. 7.16% 8.21% 6.10% 4.47% 3.34%
Tesla Inc. 16.76% 12.12% 6.32% -0.28% -1.81%
Operating Profit Margin, Sector
Automobiles & Components 8.08% 6.94% 1.65% 2.06% 2.40%
Operating Profit Margin, Industry
Consumer Discretionary 7.91% 8.26% 5.75% 7.48% 7.98%

Based on: 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).

1 2022 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Automotive revenues
= 100 × 6,276 ÷ 148,980 = 4.21%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Ford Motor Co. operating profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.

Net Profit Margin

Ford Motor Co., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Ford Motor Company (1,981) 17,937 (1,279) 47 3,677
Automotive revenues 148,980 126,150 115,885 143,599 148,294
Profitability Ratio
Net profit margin1 -1.33% 14.22% -1.10% 0.03% 2.48%
Benchmarks
Net Profit Margin, Competitors2
General Motors Co. 6.90% 8.82% 5.91% 5.49% 6.02%
Tesla Inc. 15.41% 10.25% 2.29% -3.51% -4.55%
Net Profit Margin, Sector
Automobiles & Components 5.48% 11.40% 2.29% 2.03% 3.54%
Net Profit Margin, Industry
Consumer Discretionary 4.59% 8.33% 4.48% 5.85% 6.21%

Based on: 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).

1 2022 Calculation
Net profit margin = 100 × Net income (loss) attributable to Ford Motor Company ÷ Automotive revenues
= 100 × -1,981 ÷ 148,980 = -1.33%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Ford Motor Co. net profit margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Return on Equity (ROE)

Ford Motor Co., ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Ford Motor Company (1,981) 17,937 (1,279) 47 3,677
Equity attributable to Ford Motor Company 43,242 48,519 30,690 33,185 35,932
Profitability Ratio
ROE1 -4.58% 36.97% -4.17% 0.14% 10.23%
Benchmarks
ROE, Competitors2
General Motors Co. 14.65% 16.77% 14.27% 16.11% 20.62%
Tesla Inc. 28.09% 18.28% 3.24% -13.03% -19.83%
ROE, Sector
Automobiles & Components 13.17% 24.18% 5.99% 7.25% 13.44%
ROE, Industry
Consumer Discretionary 19.85% 31.42% 20.18% 30.14% 30.51%

Based on: 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).

1 2022 Calculation
ROE = 100 × Net income (loss) attributable to Ford Motor Company ÷ Equity attributable to Ford Motor Company
= 100 × -1,981 ÷ 43,242 = -4.58%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Ford Motor Co. ROE improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Return on Assets (ROA)

Ford Motor Co., ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Ford Motor Company (1,981) 17,937 (1,279) 47 3,677
Total assets 255,884 257,035 267,261 258,537 256,540
Profitability Ratio
ROA1 -0.77% 6.98% -0.48% 0.02% 1.43%
Benchmarks
ROA, Competitors2
General Motors Co. 3.76% 4.09% 2.73% 2.95% 3.53%
Tesla Inc. 15.25% 8.88% 1.38% -2.51% -3.28%
ROA, Sector
Automobiles & Components 3.41% 5.94% 1.06% 1.14% 2.09%
ROA, Industry
Consumer Discretionary 4.42% 7.38% 3.75% 5.50% 5.97%

Based on: 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).

1 2022 Calculation
ROA = 100 × Net income (loss) attributable to Ford Motor Company ÷ Total assets
= 100 × -1,981 ÷ 255,884 = -0.77%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Ford Motor Co. ROA improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.