Ford Q4 2024 Earnings Report

Key Takeaways

Ford reported strong Q4 2024 results with revenue increasing to $48.2 billion and net income reaching $1.8 billion. Adjusted EBIT improved to $2.1 billion. Ford Pro continued to be a key driver of profitability, while Ford Model e remained a loss-making segment. Cash flow and liquidity remain robust.

Total Revenue

$48.2B

Previous year: $46B

+4.9%

EPS

$0.39

Previous year: $0.29

+34.5%

Wholesale Units

1.19M

EBIT Margin

4.4%

Cash Flow from Operations

$3B

Cash and Equivalents

$38.3B

Previous year: $40.2B

-4.5%

Free Cash Flow

$700M

Previous year: $197M

+255.3%

Total Assets

$285B

Previous year: $273B

+4.3%

Ford Revenue

Ford EPS

Ford Revenue by Segment

Ford Revenue by Geographic Location

Forward Guidance

Ford expects FY 2025 adjusted EBIT between $7.0 billion and $8.5 billion, with headwinds from market factors and costs. Capital spending is projected between $8.0 billion and $9.0 billion.

Positive Outlook

Ford Pro expected to continue strong profitability with projected EBIT of $7.5B to $8.0B.
Ford Blue expected to generate EBIT of $3.5B to $4.0B.
Ford Credit projected to contribute around $2.0B in earnings before taxes.
Continued focus on cost reduction and improving margins.
Strong liquidity position provides financial flexibility.

Challenges Ahead

Ford Model e expected to post a significant loss of $5.0B to $5.5B.
Q1 2025 adjusted EBIT expected to be roughly breakeven due to lower wholesales.
Market-related headwinds could impact profitability.
Ongoing restructuring and cost-cutting measures may lead to short-term disruptions.
High capital spending requirements may pressure free cash flow.