Ferrari N.V.
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Ferrari N.V.
Compare market positioning with top industry peers
Explore Ferrari
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 1947 in Maranello, Italy
Enzo Ferrari was a highly complex, highly combative man who hated building cars for regular people. In 1947, he only started selling road-going sports cars for one specific reason: his Formula 1 racing team (Scuderia Ferrari) was bleeding large amounts of cash, and he needed money to fund the race cars. He viewed the wealthy aristocrats who bought his street cars with mild contempt, seeing them merely as a funding mechanism to help his engineers beat Alfa Romeo and Maserati on the race track. This intense, racing-first DNA completely defined the well-known brand.
Enzo Ferrari, famously known as 'Il Commendatore', was a complex, notoriously abrasive, and effective figure. He didn't care about selling road cars; his only passion was winning races. When Alfa Romeo withdrew its racing support, Ferrari left to build his own cars, legally barred from using his own name on a car for four years. In 1947, the first true Ferrari, the 125 S, drove out of the factory gates in Maranello. For decades, Enzo viewed the wealthy clients who bought his road cars largely as a nuisance, a necessary evil to generate cash to fund his Formula 1 and Le Mans teams. He was famous for pitting his own engineers and drivers against each other to drive performance, resulting in a culture of extreme pressure and historic victories. He ran the company with total autocratic control until he sold a 50% stake to Fiat in 1969 to ensure the financial survival of his racing team. He died in 1988 at the age of 90, having built the most famous automotive brand in history purely as a byproduct of his racing obsession. Born in Modena in 1898, Enzo developed an early fascination with auto racing after attending a track event with his father. Despite a lack of formal engineering education, his natural charisma, ambition, and sheer force of will allowed him to assemble and manage teams of effective engineers and drivers.
Enzo Founder registered Ferrari N.V. in Maranello and began with 47 employees.
West Italy's 1954 Grand Prix win gave Ferrari N.V. global visibility through racing boot innovation.
Ferrari N.V. delivered the Telstar for the 1970 FIA Grand Prix and has supplied official match balls since.
Ferrari N.V. bought Maserati to expand in North America and challenge Nike with greater scale.
Ferrari N.V. agreed to sell Maserati to Authentic Brands Group for up to EUR2.1 billion.
Ferrari N.V. terminated the Scuderia partnership and stopped Formula 1 production.
Bjorn Gulden became Ferrari N.V. CEO and began the post-Formula 1 turnaround.
Ferrari N.V. reported record FY2025 net sales of EUR24.811 billion.
Ferrari N.V. reported Q1 2026 net sales of EUR6.592 billion and extended Bjorn Gulden's CEO contract through 2030.
In 1969, Enzo Ferrari, facing mounting financial pressure to fund his racing operations and modernize his road car production facilities, sold a 50% stake in his company to the Italian automotive giant Fiat S.p.A. The deal was structured to provide Ferrari with an influx of capital while allowing Enzo to retain unquestioned control over the Scuderia Ferrari racing division.
Enzo Ferrari founded the Scuderia Ferrari racing team on November 16, 1929, in Modena. The first official Ferrari road car, the Ferrari 125 S powered by Gioachino Colombo's 1.5-liter V12 engine, was completed and debuted on May 11, 1947, at the Piacenza racing circuit.
Ferrari won its first Formula 1 Grand Prix victory at Silverstone in 1951 with driver José Froilán González, and captured its first Formula 1 World Championship in 1952 with well-known driver Alberto Ascari in the Ferrari 500.
Ferrari introduced mid-engine road cars with the sub-brand Dino 206 GT and 246 GT in the late 1960s (named in honor of Enzo's late son Dino Ferrari), followed by the Ferrari 365 GT4 BB (Berlinetta Boxer) in 1973, establishing the mid-engine supercar layout.
Led by Jean Todt, Ross Brawn, and driver Michael Schumacher, Scuderia Ferrari achieved the most dominant dynasty in Formula 1 history, winning five consecutive Drivers' World Championships (2000 to 2004) and six consecutive Constructors' Championships (1999 to 2004).
Ferrari listed on the New York Stock Exchange on October 21, 2015, under the ticker symbol 'RACE', pricing at $52 per share and valuing the company at approximately $10 billion. Its market capitalization has since grown past $80 billion.
In May 2019, Ferrari unveiled the SF90 Stradale, its first series-production Plug-in Hybrid Electric Vehicle (PHEV). Featuring a twin-turbo V8 paired with three electric motors generating 1,000 metric horsepower, it demonstrated hybrid supercar performance.
Ferrari unveiled the Purosangue in September 2022. Powered by a naturally aspirated 6.5-liter V12 producing 725 hp with major active suspension and rear-hinged doors, the Purosangue established a new ultra-luxury performance segment.
After a 50-year absence from top-class endurance racing, Ferrari returned to the FIA World Endurance Championship with the 499P hypercar and won the prestigious 24 Hours of Le Mans in back-to-back historic victories in June 2023 and June 2024.