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Ferrari N.V. Income Statement 2025-2011 | RACE
Brief overview of income trends at Ferrari N.V.
The comparison covers a five-year financial horizon. According to figures from Ferrari N.V., revenue changed from 3.5 billion euros to 7.1 billion euros over five years. Across the full period, sales moved by +106.5%; the average annual rate was 15.6%. Top-line growth remained consistently strong over the period.
Gross profit changed from 1.8 billion euros to 3.7 billion euros (+108.2%). Revenue and direct costs changed at similar rates. The gross margin was 51.3% at the start and 51.7% at the end. There was no meaningful shift in gross profitability.
The operating result measured by EBITDA moved from 716 million euros to 2.1 billion euros, or +194.6%. Additional revenue translated efficiently into EBITDA. Comparing the endpoints gives EBITDA margins of 20.7% and 29.5%. The business generated more EBITDA from each unit of revenue.
The net result moved from 608 million euros to 1.6 billion euros, or +163.2%. Net profit ended the five years at a local peak.
The market value of the business moved from 42.7 billion euros to 67.7 billion euros, or +58.5%. The financial trend was stronger than the market valuation.
Financial takeaway
The results point to consistent and sustainable progress. The positive side is supported by a stable gross margin, revenue expansion and positive operating leverage. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Ferrari N.V.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
67.7 B | 90.3 B | 75.5 B | 56.1 B | 47.7 B | 42.7 B | 30.6 B | 18.4 B | 19.3 B | 11.7 B | 7.51 B | - | - | - | - |
Shares |
178 M | 180 M | 181 M | 183 M | 184 M | 187 M | 187 M | 189 M | 189 M | 189 M | 189 M | - | - | - | - |
Historical Prices |
380 | 503 | 416 | 307 | 259 | 229 | 164 | 97.5 | 102 | 56 | 45.7 | - | - | - | - |
Net Income |
1.6 B | 1.53 B | 1.26 B | 939 M | 833 M | 608 M | 696 M | 785 M | 535 M | - | 288 M | 261 M | 241 M | 225 M | - |
Revenue |
7.15 B | 6.68 B | 5.97 B | 5.1 B | 4.27 B | 3.46 B | 3.77 B | 3.42 B | 3.42 B | 3.11 B | 2.85 B | 2.76 B | 2.34 B | 2.23 B | - |
Cost of Revenue |
3.45 B | 3.33 B | 3 B | 2.65 B | 2.08 B | 1.69 B | 1.81 B | 1.62 B | 1.65 B | 1.58 B | 1.5 B | - | - | - | - |
Gross Profit |
- | - | - | - | - | 1.77 B | 1.96 B | 1.8 B | 1.77 B | 1.53 B | 1.36 B | 1.26 B | 1.1 B | 1.03 B | - |
Operating Income |
2.11 B | 1.89 B | 1.62 B | 1.23 B | 1.08 B | 716 M | 917 M | 827 M | 775 M | 595 M | 444 M | - | - | - | - |
Interest Expense |
99.2 M | 88.3 M | 60.8 M | 27.1 M | 16.6 M | 36.6 M | 45.1 M | 33.8 M | 30.9 M | 21.3 M | 23.7 M | - | - | - | - |
EBITDA |
2.11 B | 1.89 B | 1.62 B | 1.23 B | 1.08 B | 716 M | 917 M | 827 M | 775 M | 415 M | 730 M | 705 M | 632 M | 590 M | - |
Operating Expenses |
- | - | - | - | - | 1.04 B | 1.04 B | 970 M | 986 M | 909 M | 900 M | 841 M | 739 M | 674 M | - |
General and Administrative Expenses |
642 M | 561 M | 463 M | 428 M | 348 M | 336 M | 343 M | 327 M | 329 M | 295 M | 339 M | - | - | - | - |
All numbers in EUR currency
Quarterly Income Statement Ferrari N.V.
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
178 M | 180 M | 181 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
1.6 B | 1.53 B | 1.26 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
7.15 B | 6.68 B | 5.97 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
3.45 B | 3.33 B | 3 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
2.11 B | 1.89 B | 1.62 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
99.2 M | 88.3 M | 60.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
2.11 B | 1.89 B | 1.62 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
642 M | 561 M | 463 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in EUR currency
The income statement is one of the three key financial reports of a company Ferrari N.V. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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