Short answer
Ford Motor Company (F) filed its fiscal 2025 10-K annual report with the SEC on Feb 11, 2026. It reported revenue of $187.3B (+1.2% year over year) and net income of −$8.2B.
- Top risk flagged: Tariffs and aluminum supply costs impacting Novelis division with $1.5-$2.0 billion temporary costs in 2026
FY2025 key financial metrics · XBRL
- Revenue
- $187.3B
- +1.2% YoY
- Net income
- −$8.2B
- −239.2% YoY
- Operating margin
- -4.9%
- −7.7 pp YoY
- EPS (diluted)
- −$2.06
- −241.1% YoY
- ROE
- -22.8%
- −35.9 pp YoY
- Operating cash flow
- $21.3B
- +38.0% YoY
Source: XBRL data from the Ford Motor Company (F) FY2025 10-K on SEC EDGAR. USD.
Ford Motor Company FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Global automotive manufacturer focusing on designing, manufacturing, marketing, and servicing Ford trucks, SUVs, and electrified vehicles
- No new products, business segments, or strategic shifts disclosed in this filing compared to prior years
- R&D and employee metrics not specified; emphasis remains on ongoing financial documentation and governance
- Extensive amendments to credit and revolving credit agreements through 2025 reflecting active capital management
- Filing heavily incorporates information by reference, lacks standalone business operational disclosures this year
Management Discussion & Analysis
- Operating lease portfolio depreciation sensitive to auction values +/-100 bps impacts $±50M lifetime depreciation
- Return volume assumptions +/-100 vehicles impacts lifetime depreciation $±10M
- Accumulated supplemental depreciation adjustments affect balance sheet and income statement accounts in Ford Credit
- No forward-looking guidance or management outlook provided in this section
Risk Factors
- Tariffs and aluminum supply costs impacting Novelis division with $1.5-$2.0 billion temporary costs in 2026
- U.S. automotive sales outlook sensitive to SAAR forecast of 16.0-16.5 million units in 2026
- Ford Model e segment operating loss expected at $4.0-$4.5 billion, pressuring overall profitability
- Competitive risk from EV investment ramp-up with significant spending on Universal EV platform
- Cost pressures from inflation-driven commodity prices rising by approximately $1.0 billion in 2026
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