Q4 2025 & FY2026 results/guidance — rev beat, EV charges, dividend safety; Q3 profit surge aligns
Key Questions
What were Ford's Q4 2025 and full-year 2025 revenue results?
Ford reported Q4 2025 revenue of $45.9 billion, beating expectations, with full-year revenue reaching $187 billion. This performance was driven by strong sales in pickups and SUVs, confirming internal combustion engine (ICE) strength.
How did Ford's EV segment perform in the latest results?
Ford's Model e EV segment recorded a $4.8 billion loss for the full year, contributing to a net loss range of $8.2-11.1 billion. Full-year EV charges impacted profitability amid ongoing investments.
What is Ford's guidance for FY2026?
Ford guided for $8-10 billion in adjusted EBIT and $3.5 billion in free cash flow for FY2026, supported by cost reductions and improved product mix. The company maintains a dividend payout above 5% with $23 billion in cash on hand.
What total return has Ford delivered over the past 10 years?
Ford delivered a 56.7% total return over 10 years with dividends reinvested. This underscores the value of its dividend strategy amid market challenges.
What is the controversy around Ford CEO Jim Farley's compensation?
Ford paid CEO Jim Farley $25.8 million in 2024, up 31% despite EV losses of $7.4 billion. Proxy advisors ISS and Glass Lewis recommended voting against it due to performance concerns.
Q4 rev $45.9B beat/FY $187B net -$8.2-11.1B EV; Pro $6.8B/software +30% 840k; Model e -$4.8B; guide $8-10B EBIT/$3.5B FCF >5% div/$23B cash/10yr total return 56.7%; Q3 $2.4B on $50B rev confirms ICE strength/Novelis; Otosan Q3 EBITDA 8.1%; CEO comp $25.8M +31% despite losses, ISS/Glass Lewis against; pre-Q1 primer hybrid edge/tariffs $1.5B hit/macro sticky inflation.