Ford Motor Company stock research
FY2024 Q4
Ford Motor (F) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue rose less than revenue, resulting in an improved gross margin. The current quarter's gross margin is higher than both the immediately preceding quarter and the year-ago quarter.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue rose less than revenue, resulting in an improved gross margin. The current quarter's gross margin is higher than both the immediately preceding quarter and the year-ago quarter.
- Gross profit increased more than revenue relative to both the prior quarter and the year-ago quarter, while cost of revenue grew at a slower rate, which drove the gross margin higher.
- Gross margin improved sequentially from the prior quarter and also improved year-over-year, reflecting a stronger profitability on revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
14.3%
Gross profit
$6.9B
Revenue
$48.2B
Cost of revenue
$41.3B
Quarter-over-quarter change
+1.3 pts
Year-over-year change
+3.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2024 | $42.8B | $6.3B | $36.5B | 14.7% |
| Jun 30, 2024 | $47.8B | $7.3B | $40.5B | 15.3% |
| Sep 30, 2024 | $46.2B | $6.0B | $40.2B | 13.0% |
| Dec 31, 2024 | $48.2B | $6.9B | $41.3B | 14.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+1.3 pts
Year-over-year change
Dec 31, 2023
+3.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit increased more than revenue relative to both the prior quarter and the year-ago quarter, while cost of revenue grew at a slower rate, which drove the gross margin higher.
Gross margin improved sequentially from the prior quarter and also improved year-over-year, reflecting a stronger profitability on revenue.
Monitor whether cost of revenue continues to grow at a slower pace than revenue.