Ford reported a challenging 2025 with a significant net loss, primarily due to special items, despite achieving record full-year revenue. The company is focusing on improving core business execution, strategic decisions for future strength, and leveraging its industrial system and product roadmap to drive margin improvements.
Fifth consecutive year of full-year revenue growth, reaching a record $187.3 billion in 2025.
positiveFull-year operating cash flow was $21.3 billion, a significant increase from $15.4 billion in 2024.
positiveFord Pro segment delivered strong results with $6.8 billion in EBIT and a double-digit margin for the full year.
positiveFord Credit delivered full-year earnings before taxes (EBT) of $2.6 billion, a 55% increase year-over-year.
positiveReported a net loss of $11.1 billion in the fourth quarter and $8.2 billion for the full year 2025, significantly down from net income in prior years.
negativeFourth-quarter revenue decreased 5% to $45.9 billion, and full-year revenue growth slowed to 1%.
attentionCompany Adjusted EBIT decreased to $1.0 billion in Q4 2025 and $6.8 billion for the full year, down from $2.1 billion and $10.2 billion respectively in 2024.
negativeCompany Adjusted EBIT Margin compressed by 2.2 percentage points to 2.3% in Q4 and 1.9 percentage points to 3.6% for the full year.
negativeFord Model e segment reported a full-year EBIT loss of $4.8 billion, despite a $0.3 billion improvement from 2024.
negativeAdjusted free cash flow was negative $2.1 billion in Q4 2025, compared to positive $0.7 billion in Q4 2024.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Ford Blue Segment | N/A | — | — | — |
Ford Model e Segment | N/A | — | — | — |
Ford Pro Segment | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Ford delivered a strong 2025 in a dynamic and often volatile environment.
We improved our core business and execution, made significant progress in the areas of the business we control – lowering material and warranty costs and making real progress on quality – and made difficult but critical strategic decisions that set us up for a stronger future.
Improvements in our industrial system, a robust product roadmap that leverages our core strengths, and a disciplined approach to capital efficiency will drive even stronger results in 2026 and beyond.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.