Ford

F Q1 2025 Earnings

Reported May 5, 2025 at 4:07 PM ET · SEC Source

Q1 25 EPS

$0.14

BEAT +557.28%

Est. $0.02

Q1 25 Revenue

$40.66B

BEAT +13.61%

Est. $35.79B

vs S&P Since Q1 25

-3.1%

TRAILING MARKET

F +25.8% vs S&P +29.0%

Market Reaction

Did F Beat Earnings? Q1 2025 Results

Ford Motor Company delivered a surprisingly strong first quarter of 2025, with adjusted EPS of $0.14 beating the $0.02 consensus estimate by 557.28%, while revenue of $40.66 billion topped expectations by 13.61% despite falling 5% year-over-year as p… Read more Ford Motor Company delivered a surprisingly strong first quarter of 2025, with adjusted EPS of $0.14 beating the $0.02 consensus estimate by 557.28%, while revenue of $40.66 billion topped expectations by 13.61% despite falling 5% year-over-year as planned plant shutdowns for new product launches and inventory rebalancing weighed on wholesale volumes. Net income declined sharply to $471 million from $1.33 billion a year ago, and adjusted EBIT fell to $1.02 billion, reflecting the operational drag from a 7% drop in wholesale units to 971,000. Ford Pro remained the most resilient segment, generating $1.31 billion in EBIT, while the Model e division narrowed its losses even as U.S. Retail EV sales grew 15%, a signal that Ford's transformation is gaining traction. The quarter's defining moment, however, was management's decision to suspend full-year guidance entirely, citing an estimated $1.50 billion tariff headwind and material supply chain uncertainties, a challenge echoed across the broader auto industry, with a formal update deferred to the second-quarter call.

Key Takeaways

  • Third consecutive quarter of year-over-year cost improvement excluding tariff impacts
  • Quality improvements favorably contributed to performance
  • Ford Pro gaining market share in most profitable U.S. and European customer segments
  • Ford Credit earnings before taxes up significantly to $580 million
  • Ford Model e U.S. retail sales grew 15% year-over-year
  • Ford Power Promise campaign expanding home charger access for EV customers
24/7 Wall St

F YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

F Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We are strengthening our underlying business with significantly better quality and our third straight quarter of year-over-year cost improvement, excluding the impact of tariffs.”

— Jim Farley, Q1 2025 Earnings Press Release