RACENYSEMotor Vehicles & Passenger Car BodiesFiscal year ends December 31

Ferrari N.V.

Financials through fiscal 2025, year ended Dec 31, 2025

$394.25−3.28 (-0.83%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2014 to 2025

51.7%+0.4 pts over 5 years

29.5%+8.8 pts over 5 years

22.3%+4.8 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+7.0%	+11.9%	+15.6%	+9.6%
Gross profit	+10.3%	+14.7%	+15.8%	+10.5%
Operating income	+11.8%	+19.8%	+24.1%	+16.9%
Net income	+4.9%	+19.6%	+21.3%	+18.7%
EPS, diluted	+5.9%	+20.7%	+22.3%	+19.4%
Free cash flow	+29.1%	+20.9%	+31.1%	+13.6%

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	–	37.2%	42.9%
Return on assets	–	10.4%	16.7%
Interest coverage	12.8×	12.1×	9.8×
Inventory turnover	–	3.8×	3.1×
Capex to revenue	5.7%	10.3%	6.8%
Diluted shares	189M	185M	178M

Return on equity split into margin, efficiency and leverage

Net margin22.3%

Asset turnover0.75×

Equity multiplier2.57×

Return on equity, FY202542.9%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	22.3%	0.75×	2.57×	42.9%
FY2024	22.8%	0.76×	2.66×	46.2%
FY2023	21.0%	0.75×	2.80×	44.3%
FY2022	18.3%	0.70×	3.05×	38.9%
FY2021	19.5%	0.65×	3.29×	41.6%
FY2020	17.6%	0.59×	3.58×	37.2%
FY2019	18.5%	0.73×	3.64×	49.2%
FY2018	22.9%	0.76×	4.23×	73.8%
FY2017	15.7%	0.86×	7.24×	97.0%

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is RACE.

Revenue growth7.0% · median 28.0%

Gross margin51.7% · median -38.3%

Net margin22.3% · median -120.1%

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