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Ford Motor (F) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 11, 2026

Ford Motor (F) reported revenue of $45.9B for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -9% from the quarter before. Operating margin was -25.2%, net loss $11.1B (24.1% of revenue).

Revenue$45.9B
Year over year-5%
Quarter over quarter-9%
Operating margin-25.2%
Net earnings−$11.1B

Ford Motor, Q4 2025: revenue $45.9B (-5% year over year), operating margin -25.2%, net loss $11.1B, operating cash flow $3.9B. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$45.9B-9%-5%
Operating profit−$11.6B-842%—
Net earnings−$11.1B-552%—
Operating cash flow$3.9B-48%+28%
Free cash flow$1.1B-79%+108%

What changed

Revenue was $45.9B in Q4 2025, down 5% year over year and down 9% from the previous quarter. Revenues from sales and services was the largest line at 92% of revenue.

Operating costs exceeded revenue by $11.6B, an operating margin of -25.2%. Total costs grew 22% against a revenue fall of 5%. The fastest-growing cost line was Cost of revenue (+25%). The quarter ended with a net loss of $11.1B, after a profit of $2.4B the previous quarter.

Operating cash flow was $3.9B (up 28% year over year). Non-cash charges added back $10.3B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items added $4.6B. Capital expenditures of $2.8B left free cash flow of $1.1B.

Questions

What was Ford Motor's revenue in the fourth quarter 2025?

Ford Motor (F) reported revenue of $45.9B for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -9% from the quarter before.

Was Ford Motor profitable in the fourth quarter 2025?

Operating loss was $11.6B (-25.2% of revenue) and net loss $11.1B.

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Source: Ford Motor 10-K on SEC EDGAR.