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.
Financial Performance
Revenue
€7.1B
Market Cap
$82.5B
Net Income
€1.6B
Employees
4,900
Ferrari's financial narrative is a complete anomaly in the automotive industry. Most automakers operate on razor-thin margins (often under 5%). Ferrari operates like Hermès, generating very large, large operating margins (approaching 30%). Their financial skill is extreme pricing power. Because supply is strictly capped, they can charge very high base prices ($300,000+) and then generate large, pure profit through 'Personalization'. A wealthy buyer will easily spend an additional $100,000 customizing the paint, the leather, and the carbon fiber, resulting in large, highly reliable free cash flow.
Revenue Trend Analysis
YoY Change
+7%
9-Year CAGR
+9.7%
Peak Year
2025
Trend
Consistent Growth
Ferrari N.V. has reported revenue across 10 fiscal years, compounding at +9.7% annually over 9 years. The most recent year saw a 7% increase versus the prior year. Revenue peaked in 2025 at €7.1B. Out of 9 reported periods, 8 showed growth and 1 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | €7.1B | €1.6B | +7.0% |
| FY2024 | €6.7B | €1.5B | +11.8% |
| FY2023 | €6B | €1.3B | +17.2% |
| FY2022 | €5.1B | €932.6M | +19.3% |
| FY2021 | €4.3B | €830.8M | +23.4% |
| FY2020 | €3.5B | €607.8M | -8.1% |
| FY2019 | €3.8B | €695.8M | +10.1% |
| FY2018 | €3.4B | €784.7M | +0.1% |
| FY2017 | €3.4B | €535.4M | +10.0% |
| FY2016 | €3.1B | €398.8M | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Ferrari N.V. reported revenue of €7.1 billion for fiscal year 2025, up from €6.7 billion in fiscal 2024.
Ferrari ships approximately 13,000 to 13,700 vehicles annually worldwide, maintaining strict supply discipline across EMEA (~45% of shipments), the Americas (~30%), Mainland China/Hong Kong/Taiwan (~10%), and Rest of APAC (~15%).
Ferrari generates over €900 million to €1.0+ billion in annual industrial free cash flow, investing approximately €850 million to €950 million annually in capital expenditures and R&D dedicated to the new E-Building, hybrid powertrains, and electric battery architectures.
Ferrari distributes approximately 35% of adjusted net profit annually as cash dividends to shareholders, accompanied by a multi-year €2.0 billion share repurchase program executed on the NYSE and Euronext Milan to return surplus cash capital.
Ferrari maintains an exceptionally strong balance sheet with an investment-grade credit rating, low net industrial debt (often near net cash positive when excluding captive financial services), supported by solid liquidity reserves and syndicated revolving credit facilities.
The Purosangue, Ferrari's naturally aspirated 6.5-liter V12 four-door four-seater (starting at ~€390,000), commanded immediate sold-out order books through 2026, significantly lifting Ferrari's average selling price (ASP) and operating margins while production is capped at 20% of total shipments.
Ferrari receives commercial rights prize payouts from Formula One Group based on constructors' championship standings, supplemented by a historic constructor heritage bonus, which combined with corporate sponsorships generates hundreds of millions in annual high-margin commercial revenue.
Ferrari achieves an industry-shattering Return on Invested Capital (ROIC) exceeding 25% to 30%, which is five to ten times higher than traditional luxury automotive manufacturers, reflecting its asset-light pricing power and low inventory requirements.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Ferrari N.V. Revenue & Financials." CorpDigest, https://corpdigest.com/company/ferrari/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Ferrari N.V. reported €7.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/ferrari/financials" target="_blank" rel="noopener">CorpDigest — Ferrari N.V. financials</a></div>