Ford Q4 2024 earnings were headlined by $1.8 billion in net income on $48.2 billion in revenue. Compared to the fourth quarter of 2023, the results represent a 460 percent or $2.3 billion increase in net income and a 4.8 percent or $2.2 billion increase in revenue.
The performance represents a net income margin of 3.8 percent, up 4.9 percentage points from negative 1.1 percent in Q4 2023. Earnings per share (EPS) diluted was $0.45, up $0.58 or 446 percent from negative $0.13 in Q4 2023. Cash flow from operating activities was $3.0 billion, up 20 percent or $500 million from the $2.5 billion in Q4 2023.
| METRIC | UNIT | Q4 2024 | Q4 2023 | CHANGE | % CHANGE |
|---|---|---|---|---|---|
| WHOLESALE UNITS | THOUSANDS OF VEHICLES | 1,188 | 1,152 | 36 | +3.13 |
| GAAP METRICS | |||||
| REVENUE | BILLION USD | $48.2 | $46.0 | +$2.2 | +4.8% |
| NET INCOME | BILLION USD | $1.8 | -$0.5 | +$2.3 | +460% |
| NET INCOME MARGIN | PERCENT | 3.8% | -1.1% | +4.9 PPTS | N/A |
| EARNINGS PER SHARE (EPS) DILUTED | USD PER SHARE | $0.45 | $(0.13) | +$0.58 | +446.2% |
| CASH FLOW FROM OPERATING ACTIVITIES | BILLION USD | $3.0 | $2.5 | +$0.50 | +20% |
| NON GAAP METRICS | |||||
| ADJUSTED FREE CASH FLOW | BILLION USD | $0.7 | $2.0 | $-1.30 | -65% |
| EBIT-ADJUSTED | BILLION USD | $2.1 | $1.1 | +$1.00 | +90.9% |
| EBIT-ADJUSTED MARGIN | PERCENT | 4.4% | 2.3% | +2.1 PPTS | N/A |
| EPS DILUTED - ADJUSTED | USD PER SHARE | $0.39 | $0.29 | +$0.10 | +34.5% |
| ROIC - ADJUSTED | PERCENT (TRAILING FOUR QTRS) | 12.9 | 13.9 | -1.0 PPTS | N/A |
Earnings Before Interest and Taxes, adjusted (EBIT-adjusted) was $2.1 billion, up $1 billion or 91 percent compared to the $1.1 billion during the year-ago quarter, on to an EBIT-adjusted margin of 4.4 percent, up 2.1 percentage points from the 2.3 percent in Q4 2023.
Diluted earnings per share – adjusted (EPS-adjusted) was $0.39, up $0.10 or 34.5 percent from $0.29 in the year-ago quarter.
Adjusted free cash flow was $0.7 billion, down $1.3 billion or 65 percent compared to the $2.0 billion in Q4 2023.
Ford Motor Company recorded 1.188 million vehicle deliveries globally during Q4 2024, up 3.13 percent or around 36K vehicles year-over-year compared to the 1.152 million deliveries during the same time frame a year ago.
| METRIC | UNIT | Q4 2024 | Q4 2023 | CHANGE | % CHANGE |
|---|---|---|---|---|---|
| FORD BLUE | |||||
| WHOLESALES | 000 | 774 | 758 | +16.0 | +2.1% |
| REVENUE | BILLION USD | $27.3 | $26.2 | +$1.1 | +4.2% |
| EBIT | MILLION USD | $1,581 | $813 | +$768.0 | +94.5% |
| EBIT MARGIN | PERCENT | 5.8% | 3.1% | +2.7 PPTS | N/A |
| FORD MODEL E | |||||
| WHOLESALES | 000 | 37 | 34 | +3.0 | +8.8% |
| REVENUE | BILLION USD | $1.4 | $1.6 | $-0.2 | -12.5% |
| EBIT | MILLION USD | -$1,389 | -$1,570 | +$181.0 | +11.5% |
| EBIT MARGIN | PERCENT | -98.1% | -98.2% | +0.1 PPTS | N/A |
| FORD PRO | |||||
| WHOLESALES | 000 | 378 | 361 | +17.0 | +4.7% |
| REVENUE | BILLION USD | $16.2 | $15.4 | +$0.8 | +5.2% |
| EBIT | MILLION USD | $1,629 | $1,811 | $-182.0 | -10% |
| EBIT MARGIN | PERCENT | 10.0% | 11.8% | -1.7 PPTS | N/A |
Ford Blue, the company’s gasoline and hybrid vehicle business, reported:
Ford Model E, the automaker’s emerging electric vehicle division, posted:
Ford Pro, the division focused on commercial vehicles and customers, posted:
Ford also announced that it anticipates the following performance for the 2025 calendar year:
The guidance presumes headwinds related to market factors. The Dearborn-based automaker also stated that it expects first quarter 2025 adjusted EBIT to be roughly breakeven due to lower wholesales and unfavorable mix, including launch activity at major U.S. assembly plants, including the Ford Kentucky Truck and Ford Michigan Assembly plants.
The outlook for the 2025 calendar year per division is as follows:
Ford plans to report first-quarter 2025 financial results after the close of market on Monday, April 28th.
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Shortly after its next mid-cycle refresh.
Special lease deals offered on luxury redesigned full-size SUV.
A recall was issued just this past June addressing the problem.
With more than 600 miles of total range.
Premature wear is the culprit, causing vibrations from the front.
Nothing will be built there until 2027, however.
View Comments
Also, bring back the Continental.
And this means that we're stuck with the doofs running the show for another, and hopefully final, year.
Use common sense! Do not build corvette rival. Build some sedans like taurus for young generations who don’t want to drive station wagons ,“ hatchbacks”.
So after expenses Ford netted the salary of two and a half Juan Soto’s.
Greedy fargers, lower prices and quit fleecing AMERICANS!