F financial statements

The full income statement, balance sheet, and cash-flow statement for Ford Motor Company (F), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-03 3.99B2024-06 3.98B2024-09 3.97B2024-12 3.97B2025-03 3.98B2025-06 3.98B2025-09 3.98B2025-12 3.99B2026-03 3.98B-0.2% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	187B YoY+1.2%	185B YoY+5.0%	176B YoY+11.5%	158B YoY+15.9%	136B YoY+7.2%
Cost of revenue	174B YoY+10.1%	158B YoY+5.2%	151B YoY+12.0%	134B YoY+17.2%	115B YoY+1.7%
Research & development	9.40B YoY+17.5%	8.00B YoY-2.4%	8.20B YoY+5.1%	7.80B YoY+2.6%	7.60B YoY+7.0%
Selling, general & administrative	10.8B YoY+5.5%	10.3B YoY-3.9%	10.7B YoY-1.7%	10.9B YoY-8.6%	11.9B YoY+16.9%
Restructuring	—	—	67.0M YoY+109.4%	32.0M YoY-33.3%	48.0M YoY-95.9%
Provision for credit losses	616M YoY+7.1%	575M YoY+31.3%	438M YoY+852.2%	46.0M YoY+115.4%	-298M YoY-132.1%
Operating income	-9.17B YoY-275.7%	5.22B YoY-4.4%	5.46B YoY-13.0%	6.28B YoY+38.8%	4.52B YoY+202.6%
Interest expense	1.25B YoY+12.5%	1.11B YoY-85.4%	7.61B YoY+65.8%	4.59B YoY+0.0%	4.59B YoY-9.1%
Interest & investment income	1.49B YoY-3.2%	1.54B YoY-1.7%	1.57B YoY+145.2%	639M YoY+151.6%	254M YoY-43.8%
Other non-operating income	157M YoY+972.2%	-18.0M YoY-130.5%	59.0M YoY-26.3%	80.0M YoY+158.1%	31.0M YoY-73.5%
Equity-method income	-3.15B YoY-565.0%	678M YoY+63.8%	414M YoY+114.4%	-2.88B YoY-981.7%	327M YoY+678.6%
Pre-tax income	-11.8B YoY-263.6%	7.23B YoY+82.3%	3.97B YoY+231.5%	-3.02B YoY-117.0%	17.8B YoY+1693.2%
Income tax	-3.67B YoY-373.9%	1.34B YoY+469.9%	-362M YoY+58.1%	-864M YoY-564.6%	-130M YoY-181.3%
	-8.16B YoY-238.8%	5.88B YoY+35.2%	4.35B YoY+319.4%	-1.98B YoY-111.0%	17.9B YoY+1505.7%
Net income to non-controlling interest	20.0M YoY+33.3%	15.0M YoY+183.3%	-18.0M YoY+89.5%	-171M YoY-533.3%	-27.0M YoY-1000.0%
Net income to common	-8.18B YoY-239.2%	5.88B YoY+35.2%	4.35B YoY+319.4%	-1.98B YoY-111.0%	17.9B YoY+1502.4%
	-$2.06 YoY-241.1%	$1.46 YoY+35.2%	$1.08 YoY+320.4%	-$0.49 YoY-111.0%	$4.45 YoY+1490.6%
EPS (basic)	-$2.06 YoY-239.2%	$1.48 YoY+35.8%	$1.09 YoY+322.4%	-$0.49 YoY-110.9%	$4.49 YoY+1503.1%
	3.98B YoY+0.0%	3.98B YoY-0.5%	4.00B YoY-0.4%	4.01B YoY+0.6%	3.99B YoY+0.5%
	3.98B YoY-1.0%	4.02B YoY-0.5%	4.04B YoY+0.7%	4.01B YoY-0.5%	4.03B YoY+1.5%
Dividends per share	$0.75 YoY-3.8%	$0.78 YoY-37.6%	$1.25 YoY+150.0%	$0.50 YoY+400.0%	$0.10 YoY-83.3%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	123B YoY-0.8%	124B YoY+2.5%	121B YoY+4.3%	116B YoY+6.9%	109B YoY-6.6%
Cash & equivalents	23.4B YoY+1.8%	22.9B YoY-7.8%	24.9B YoY-1.1%	25.1B YoY+22.4%	20.5B YoY-18.6%
Short-term investments	15.1B YoY-1.8%	15.4B YoY+0.7%	15.3B YoY-19.2%	18.9B YoY-34.8%	29.1B YoY+17.5%
Accounts receivable	15.4B YoY+4.6%	14.7B YoY-5.6%	15.6B YoY-0.8%	15.7B YoY+38.3%	11.4B YoY+13.8%
Inventory	15.3B YoY+2.2%	15.0B YoY-4.5%	15.7B YoY+11.2%	14.1B YoY+16.7%	12.1B YoY+11.6%
Other current assets	5.19B YoY+12.7%	4.60B YoY+26.7%	3.63B YoY-6.3%	3.88B YoY+13.5%	3.42B YoY-4.6%
	289B YoY+1.4%	285B YoY+4.3%	273B YoY+6.8%	256B YoY-0.4%	257B YoY-3.8%
Property, plant & equipment	—	41.9B YoY+2.7%	40.8B YoY+9.5%	37.3B YoY+0.3%	37.1B YoY+0.2%
Operating lease right-of-use	2.39B YoY+3.5%	2.31B YoY+25.9%	1.83B YoY+26.7%	1.45B YoY+8.2%	1.34B YoY+3.9%
Goodwill	483M YoY-26.6%	658M YoY-3.7%	683M YoY+13.3%	603M YoY-2.6%	619M YoY+139.9%
Intangible assets	170M YoY+146.4%	69.0M YoY-13.8%	80.0M YoY-7.0%	86.0M YoY-22.5%	111M YoY-22.9%
Deferred tax assets	22.0B YoY+34.1%	16.4B YoY-3.6%	17.0B YoY+9.2%	15.6B YoY+12.7%	13.8B YoY+11.1%
Other non-current assets	13.7B YoY+6.4%	12.9B YoY+12.4%	11.4B YoY+2.9%	11.1B YoY-25.6%	14.9B YoY+16.0%
	115B YoY+7.5%	107B YoY+5.2%	102B YoY+4.8%	96.9B YoY+6.8%	90.7B YoY-6.7%
Accrued liabilities	25.8B YoY+7.0%	24.1B YoY-7.2%	26.0B YoY+1.5%	25.6B YoY+14.6%	22.3B YoY+0.7%
Deferred revenue	4.49B YoY+34.8%	3.33B YoY+32.4%	2.52B YoY+4.6%	2.40B YoY+2.3%	2.35B YoY+8.7%
Short-term & current debt	57.3B YoY+4.3%	54.9B YoY+10.6%	49.7B YoY-1.0%	50.2B YoY+0.9%	49.7B YoY-5.7%
Current lease liability	567M YoY+1.6%	558M YoY+16.0%	481M YoY+19.1%	404M YoY+17.1%	345M YoY+6.8%
Other current liabilities	31.8B YoY+14.4%	27.8B YoY+7.4%	25.9B YoY+22.6%	21.1B YoY+12.9%	18.7B YoY-21.0%
Finance lease liability (current)	136M YoY+44.7%	94.0M	—	—	—
	253B YoY+5.3%	240B YoY+4.3%	231B YoY+8.4%	213B YoY+2.1%	208B YoY-11.9%
Long-term debt	106B YoY+2.4%	104B YoY+4.0%	99.6B YoY+12.1%	88.8B YoY+0.5%	88.4B YoY+30278.0%
Deferred revenue (non-current)	5.36B YoY+9.2%	4.91B YoY-2.8%	5.05B YoY+3.4%	4.88B YoY+4.3%	4.68B YoY+2.7%
Non-current lease liability	1.83B YoY+3.0%	1.78B YoY+27.7%	1.40B YoY+26.7%	1.10B YoY+5.1%	1.05B YoY+5.8%
Operating lease liability (total)	2.40B YoY+2.6%	2.34B YoY+24.7%	1.88B YoY+24.7%	1.50B YoY+8.0%	1.39B YoY+6.0%
Finance lease liability (total)	890M YoY+10.6%	805M YoY+26.2%	638M YoY+11.1%	574M YoY+1.6%	565M YoY+36.5%
Finance lease liability	754M YoY+6.0%	711M	—	—	—
Deferred tax liabilities	1.35B YoY+26.1%	1.07B YoY+6.9%	1.00B YoY-35.1%	1.55B YoY-2.0%	1.58B YoY+193.9%
Other non-current liabilities	30.9B YoY+7.2%	28.8B YoY+1.5%	28.4B YoY+11.4%	25.5B YoY-8.0%	27.7B YoY-2.4%
	36.0B YoY-19.8%	44.8B YoY+4.8%	42.8B YoY-1.1%	43.2B YoY-10.9%	48.5B YoY+58.1%
Additional paid-in capital	23.9B YoY+1.8%	23.5B YoY+1.6%	23.1B YoY+1.3%	22.8B YoY+1.0%	22.6B YoY+1.4%
Retained earnings	22.5B YoY-33.3%	33.7B YoY+8.7%	31.0B YoY-2.3%	31.8B YoY-11.2%	35.8B YoY+96.1%
Treasury stock	2.81B YoY+0.0%	2.81B YoY+17.9%	2.38B YoY+16.5%	2.05B YoY+31.0%	1.56B YoY-1.7%
Accumulated other comprehensive income	-7.71B YoY+20.0%	-9.64B YoY-6.6%	-9.04B YoY+3.2%	-9.34B YoY-12.0%	-8.34B YoY-0.5%
Non-controlling interest	28.0M YoY+21.7%	23.0M YoY-8.0%	25.0M YoY+133.3%	-75.0M YoY-172.8%	103M YoY-14.9%
Total equity incl. non-controlling	36.0B YoY-19.8%	44.9B YoY+4.8%	42.8B YoY-0.9%	43.2B YoY-11.2%	48.6B YoY+57.8%
Total liabilities & equity	289B YoY+1.4%	285B YoY+4.3%	273B YoY+6.8%	256B YoY-0.4%	257B YoY-3.8%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	21.3B YoY+38.0%	15.4B YoY+3.4%	14.9B YoY+117.7%	6.85B YoY-56.6%	15.8B YoY-34.9%
Depreciation & amortization	16.0B YoY+111.1%	7.57B YoY-1.6%	7.69B YoY+0.2%	7.67B YoY+4.9%	7.32B YoY-16.6%
Share-based compensation	510M YoY-0.2%	511M YoY+11.1%	460M YoY+36.9%	336M YoY+10.2%	305M YoY+53.3%
Deferred income taxes	-4.54B YoY-1350.4%	363M YoY+122.7%	-1.60B YoY+12.8%	-1.84B YoY-114.5%	-856M YoY-162.6%
Change in inventory	-539M YoY-1896.3%	-27.0M YoY-102.2%	1.22B YoY-52.7%	2.58B YoY+44.9%	1.78B YoY+1301.4%
Other operating activities	380M YoY-13.4%	439M YoY-33.9%	664M YoY+1.5%	654M YoY+451.6%	-186M YoY-358.3%
	-18.0B YoY+25.9%	-24.4B YoY-38.2%	-17.6B YoY-305.5%	-4.35B YoY-258.4%	2.75B YoY+114.7%
Capital expenditure	8.81B YoY+1.5%	8.68B YoY+5.4%	8.24B YoY+20.0%	6.87B YoY+10.3%	6.23B YoY+8.4%
Free cash flow	12.5B YoY+85.0%	6.74B YoY+0.9%	6.68B YoY+51500.0%	-13.0M YoY-100.1%	9.56B YoY-48.4%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Other investing activities	-110M YoY-344.4%	45.0M YoY-93.5%	688M YoY+320.5%	-312M YoY-205.1%	297M YoY+159.6%
	-3.21B YoY-142.8%	7.49B YoY+189.7%	2.58B YoY+2.9%	2.51B YoY+110.7%	-23.5B YoY-1115.0%
Long-term debt issued	49.7B YoY-13.3%	57.3B YoY+10.9%	51.7B YoY+13.6%	45.5B YoY+63.0%	27.9B
Long-term debt repaid	50.3B YoY+10.1%	45.7B YoY+8.9%	42.0B YoY-8.1%	45.7B YoY-15.7%	54.2B
Net short-term debt	654M YoY+337.0%	-276M YoY+82.1%	-1.54B YoY-128.2%	5.46B YoY+66.8%	3.27B YoY+242.9%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00 YoY-100.0%	426M YoY+27.2%	335M YoY-30.8%	484M	0.00
Dividends paid	2.99B YoY-4.1%	3.12B YoY-37.6%	5.00B YoY+148.6%	2.01B YoY+398.5%	403M YoY-32.4%
Other financing activities	-255M YoY+22.0%	-327M YoY-35.7%	-241M YoY+11.1%	-271M YoY-158.1%	-105M YoY+42.9%
FX effect on cash	—	-458M YoY-340.4%	-104M YoY+74.9%	-414M YoY-78.4%	-232M YoY-203.1%
Net change in cash	560M YoY+129.2%	-1.92B YoY-734.8%	-230M YoY-105.0%	4.60B YoY+188.6%	-5.20B YoY-163.4%
Income taxes paid	622M YoY-48.9%	1.22B YoY+18.6%	1.03B YoY+28.2%	801M YoY+41.0%	568M YoY+34.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	52.3B YoY+31.2%	39.8B YoY-19.3%	49.4B YoY+5.6%	46.8B YoY-44.5%	84.2B YoY+145.6%
P/E	—	6.8× YoY-15.4%	8.0× YoY+207.3%	2.6× YoY-44.5%	4.7×
P/S	0.3× YoY+29.6%	0.2× YoY-24.0%	0.3× YoY-8.1%	0.3× YoY-50.1%	0.6× YoY+129.1%
P/B	1.5× YoY+63.7%	0.9× YoY-20.3%	1.1× YoY+0.5%	1.1× YoY-36.0%	1.7× YoY+55.4%
P/FCF	4.2× YoY-29.1%	5.9× YoY-33.0%	8.8× YoY-50.3%	17.8× YoY+101.6%	8.8× YoY+376.0%
	—	14.8% YoY+18.2%	12.5% YoY-67.5%	38.4% YoY+80.1%	21.3%
	23.8% YoY+41.0%	16.9% YoY+49.2%	11.3% YoY+101.4%	5.6% YoY-50.4%	11.4% YoY-79.0%
	5.7% YoY-27.4%	7.9% YoY-23.2%	10.3% YoY+138.5%	4.3% YoY+792.9%	0.48% YoY-92.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: F's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all F filings on SEC EDGAR → Not investment advice.