Alfa Romeo vs Ferrari: Revenue, Profit and Business Model
Alfa Romeo does not publish annual revenue. Ferrari reported ~$8.1B of revenue in FY2025 and ~$1.8B of net income.
Latest financial snapshot
Alfa Romeo
Alfa Romeo does not publish annual revenue or profit.
Ferrari
- Latest revenue
- ~$8.1B (FY2025)
- Net income
- ~$1.8B
- Net margin
- 22.3%
- Revenue growth
- +9.7% a year, FY2016–FY2025
Financial summary
Alfa Romeo
No audited standalone Alfa Romeo revenue, net income or employee total is disclosed in Stellantis's public reporting. Stellantis group figures are therefore not presented as Alfa Romeo financials. The brand disclosed more than 73,000 worldwide registrations in 2025, up 20.1% from 2024.
Ferrari
Ferrari grew net revenues from ~$3.5 billion (€3.1 billion) in 2016 to ~$8.08 billion (€7.15 billion) in 2025 while shipments rose only from about 8,000 to 13,640 cars. In 2025 revenue rose 7% (8% at constant currency), EBIT margin improved 120 basis points to 29.5%, adjusted EBITDA reached ~$3.13 billion (€2.77 billion) (38.8% margin) and industrial free cash flow exceeded ~$1.69 billion (€1.5 billion). In Q2 2026 net revenues rose 8.4% to ~$2.19 billion (€1.94 billion), EBITDA hit ~$853 million (€755 million) (39.0% margin) and EBIT ~$684 million (€605 million) (31.2%), and management raised 2026 guidance to roughly $8.59 billion (€7.6 billion) of revenue and adjusted EBITDA of at least ~$3.36 billion (€2.97 billion).
Revenue and profit by year
Alfa Romeo
Alfa Romeo does not publish annual revenue. What is known about its finances is in the summary above.
Full Alfa Romeo financialsFerrari
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$8.1B | ~$1.8B | 22.3% | +7.0% | Source |
| FY2024 | ~$7.5B | ~$1.7B | 22.8% | +11.8% | Source |
| FY2023 | ~$6.7B | ~$1.4B | 21.0% | +17.2% | Source |
| FY2022 | ~$5.8B | ~$1.1B | 18.3% | +19.3% | Source |
| FY2021 | ~$4.8B | ~$938.8M | 19.5% | +23.4% | Source |
| FY2020 | ~$3.9B | ~$686.8M | 17.6% | -8.1% | Source |
| FY2019 | ~$4.3B | ~$786.3M | 18.5% | +10.1% | Source |
| FY2018 | ~$3.9B | ~$886.7M | 22.9% | +0.1% | Source |
| FY2017 | ~$3.9B | ~$605M | 15.7% | +10.0% | Source |
| FY2016 | ~$3.5B | ~$450.6M | 12.8% | — | Source |
Business model and strategy
Alfa Romeo
How it makes money
Alfa Romeo develops and markets premium passenger vehicles within Stellantis. Production uses Stellantis plants, including Cassino for Giulia and Stelvio and Pomigliano d'Arco for Tonale. Stellantis reports financial results by geographic segment and activity, not as a standalone Alfa Romeo income statement.
Growth strategy
Recent growth is centered on Junior and Tonale. Alfa Romeo reported that Junior had exceeded 60,000 orders across 41 markets by March 2026 and that 2025 global registrations exceeded 73,000 vehicles.
Competitive advantage
Alfa Romeo has a distinct Italian design identity and a documented competition record spanning the 1925 Grand Prix World Championship, the first two Formula One championships, endurance racing and touring cars.
Ferrari
How it makes money
Ferrari earns most of its money selling cars and spare parts (about 85% of 2025 net revenues), with the rest coming from sponsorship, commercial and brand income (Formula 1 sponsorships, F1 prize money, lifestyle and licensing) plus a small engines line.
Growth strategy
Ferrari's strategy is 'multi-energy': it sells combustion, plug-in hybrid and now fully electric cars side by side, built in-house at the e-building in Maranello that opened in June 2024. Growth comes from mix (hypercars such as the F80, the Purosangue and special series), personalization, sponsorship and lifestyle income, rather than from big volume increases.
Competitive advantage
Ferrari's absolute, unassailable competitive advantage is its large, mythological brand equity, completely tied to its history in Formula 1 racing. Since 1947, Ferrari has competed in almost every single Formula 1 race. The 'Prancing Horse' logo possesses a deep, emotional, almost religious significance for automotive enthusiasts globally.
Questions about Alfa Romeo vs Ferrari
Which company has higher revenue — Alfa Romeo or Ferrari N.V.?
Ferrari N.V. reported ~$8.1B (FY2025). A verified revenue figure for Alfa Romeo was not available at the time of this comparison.
How do Alfa Romeo and Ferrari N.V. make money?
Alfa Romeo and Ferrari N.V. generate revenue in fundamentally different ways. Alfa Romeo: Alfa Romeo develops and markets premium passenger vehicles within Stellantis. Ferrari N.V.: Ferrari earns most of its money selling cars and spare parts (about 85% of 2025 net revenues), with the rest coming from sponsorship, commercial and brand income (Formula 1 sponsorships, F1 prize money, lifestyle and licensing) plus a small engines line.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Alfa Romeo vs Ferrari overview