Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Ford Motor Co., profitability ratios
Based on: 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).
| 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 deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Ford Motor Co. operating profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Ford Motor Co. net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Ford Motor Co. ROE improved from 2022 to 2023 and from 2023 to 2024. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Ford Motor Co. ROA improved from 2022 to 2023 and from 2023 to 2024. |
Gross Profit Margin
Ford Motor Co., gross profit margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 14,272) | 15,351) | 14,682) | 11,617) | 3,189) | |
| Company revenues excluding Ford Credit | 172,706) | 165,901) | 149,079) | 126,268) | 115,941) | |
| Profitability Ratio | ||||||
| Gross profit margin1 | 8.26% | 9.25% | 9.85% | 9.20% | 2.75% | |
| Benchmarks | ||||||
| Gross Profit Margin, Competitors2 | ||||||
| General Motors Co. | 11.97% | 10.36% | 11.87% | 11.49% | 10.25% | |
| Tesla Inc. | 17.86% | 18.25% | 25.60% | 25.28% | 21.02% | |
Based on: 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).
1 2024 Calculation
Gross profit margin = 100 × Gross profit ÷ Company revenues excluding Ford Credit
= 100 × 14,272 ÷ 172,706 = 8.26%
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 deteriorated from 2022 to 2023 and from 2023 to 2024. |
Operating Profit Margin
Ford Motor Co., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 5,219) | 5,458) | 6,276) | 4,523) | (4,408) | |
| Company revenues excluding Ford Credit | 172,706) | 165,901) | 149,079) | 126,268) | 115,941) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 3.02% | 3.29% | 4.21% | 3.58% | -3.80% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| General Motors Co. | 7.45% | 5.90% | 7.16% | 8.21% | 6.10% | |
| Tesla Inc. | 7.24% | 9.19% | 16.76% | 12.12% | 6.32% | |
| Operating Profit Margin, Sector | ||||||
| Automobiles & Components | 5.67% | 5.63% | 8.08% | 6.94% | 1.65% | |
| Operating Profit Margin, Industry | ||||||
| Consumer Discretionary | 11.04% | 9.12% | 8.47% | 8.79% | 6.48% | |
Based on: 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).
1 2024 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Company revenues excluding Ford Credit
= 100 × 5,219 ÷ 172,706 = 3.02%
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 deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net Profit Margin
Ford Motor Co., net profit margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Ford Motor Company | 5,879) | 4,347) | (1,981) | 17,937) | (1,279) | |
| Company revenues excluding Ford Credit | 172,706) | 165,901) | 149,079) | 126,268) | 115,941) | |
| Profitability Ratio | ||||||
| Net profit margin1 | 3.40% | 2.62% | -1.33% | 14.21% | -1.10% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| General Motors Co. | 3.50% | 6.42% | 6.90% | 8.82% | 5.91% | |
| Tesla Inc. | 7.26% | 15.50% | 15.41% | 10.25% | 2.29% | |
| Net Profit Margin, Sector | ||||||
| Automobiles & Components | 4.29% | 7.01% | 5.48% | 11.40% | 2.29% | |
| Net Profit Margin, Industry | ||||||
| Consumer Discretionary | 8.74% | 7.92% | 5.15% | 9.20% | 5.24% | |
Based on: 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).
1 2024 Calculation
Net profit margin = 100 × Net income (loss) attributable to Ford Motor Company ÷ Company revenues excluding Ford Credit
= 100 × 5,879 ÷ 172,706 = 3.40%
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 2022 to 2023 and from 2023 to 2024. |
Return on Equity (ROE)
Ford Motor Co., ROE calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Ford Motor Company | 5,879) | 4,347) | (1,981) | 17,937) | (1,279) | |
| Equity attributable to Ford Motor Company | 44,835) | 42,773) | 43,242) | 48,519) | 30,690) | |
| Profitability Ratio | ||||||
| ROE1 | 13.11% | 10.16% | -4.58% | 36.97% | -4.17% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| General Motors Co. | 9.53% | 15.75% | 14.65% | 16.77% | 14.27% | |
| Tesla Inc. | 9.73% | 23.94% | 28.09% | 18.28% | 3.24% | |
| ROE, Sector | ||||||
| Automobiles & Components | 10.50% | 17.37% | 13.17% | 24.18% | 5.99% | |
| ROE, Industry | ||||||
| Consumer Discretionary | 28.36% | 30.61% | 21.65% | 34.37% | 25.29% | |
Based on: 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).
1 2024 Calculation
ROE = 100 × Net income (loss) attributable to Ford Motor Company ÷ Equity attributable to Ford Motor Company
= 100 × 5,879 ÷ 44,835 = 13.11%
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 2022 to 2023 and from 2023 to 2024. |
Return on Assets (ROA)
Ford Motor Co., ROA calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Ford Motor Company | 5,879) | 4,347) | (1,981) | 17,937) | (1,279) | |
| Total assets | 285,196) | 273,310) | 255,884) | 257,035) | 267,261) | |
| Profitability Ratio | ||||||
| ROA1 | 2.06% | 1.59% | -0.77% | 6.98% | -0.48% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| General Motors Co. | 2.15% | 3.71% | 3.76% | 4.09% | 2.73% | |
| Tesla Inc. | 5.81% | 14.07% | 15.25% | 8.88% | 1.38% | |
| ROA, Sector | ||||||
| Automobiles & Components | 2.76% | 4.51% | 3.41% | 5.94% | 1.06% | |
| ROA, Industry | ||||||
| Consumer Discretionary | 8.18% | 7.66% | 4.94% | 8.07% | 4.42% | |
Based on: 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).
1 2024 Calculation
ROA = 100 × Net income (loss) attributable to Ford Motor Company ÷ Total assets
= 100 × 5,879 ÷ 285,196 = 2.06%
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 2022 to 2023 and from 2023 to 2024. |