Is the business good?
How good a business is F?
Ford Motor Company earns −81% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−81%
Return on invested capital · cost of capital 9.0% · 90 points below what the capital costs: growth destroys value
- Operating margin
- −3.8%
Operating margin · Auto Manufacturers median −0.46% · 12 months to Q1 2026
- Share count, year on year
- +1.5%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 8.0%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −3.5% |
| FY2021 | 3.3% |
| FY2022 | 4.0% |
| FY2023 | 3.1% |
| FY2024 | 2.8% |
| FY2025 | −4.9% |
Details›
- Gross margin12 months to Q1 2026
- 8.0%
- Operating margin12 months to Q1 2026
- −3.8%
- Net margin12 months to Q1 2026
- −3.2%
- Free cash flow margin
- 5.0%
- Revenue, trailing twelve months
- $189.9B
- Free cash flow, trailing twelve months
- $9.55B
- Net income, trailing twelve months
- −$6.09B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −81%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Auto Manufacturers
Ranks #1 of 12 by Smart Score