Filing Flows › Ford Motor (F) › Q1 2025
Ford Motor (F) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Ford Motor (F) reported revenue of $40.7B for the first quarter 2025 (Q1 2025), -5% from a year earlier and -16% from the quarter before. Operating margin was 0.8%, net earnings $473M (1.2% of revenue).
Ford Motor, Q1 2025: revenue $40.7B (-5% year over year), operating margin 0.8%, net earnings $473M, operating cash flow $3.7B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.7B | -16% | -5% |
| Operating profit | $319M | -74% | -74% |
| Net earnings | $473M | -74% | -65% |
| Operating cash flow | $3.7B | +21% | +166% |
| Free cash flow | $1.9B | +251% | — |
What changed
Revenue was $40.7B in Q1 2025, down 5% year over year and down 16% from the previous quarter. Vehicles, parts, and accessories was the largest line at 88% of revenue. Vehicles, parts, and accessories lost $2.8B year over year (down 7%), 131% of the total change.
Operating profit was $0.32B, a 0.8% margin (down 2.1 points year over year). Total costs fell 3% while revenue fell 5%. Net earnings were $0.47B, down 65% year over year. The effective tax rate was 23.8%. Non-operating items added $0.30B, 49% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.7B (up 166% year over year), 778% of net earnings. Non-cash charges added back $1.8B of depreciation and $0.12B of share-based compensation. Working capital and other items added $1.2B. Capital expenditures of $1.8B left free cash flow of $1.9B.
Questions
What was Ford Motor's revenue in the first quarter 2025?
Ford Motor (F) reported revenue of $40.7B for the first quarter 2025 (Q1 2025), -5% from a year earlier and -16% from the quarter before.
Was Ford Motor profitable in the first quarter 2025?
Operating profit was $319M (0.8% of revenue) and net earnings $473M.
Source: Ford Motor 10-Q on SEC EDGAR.