Ford Motor Company stock research
FY2025 Q2
Ford Motor (F) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and cost of revenue both rose compared with the prior quarter, but gross profit increased less proportionally, causing gross margin to weaken. Versus the same quarter one year earlier, revenue and cost of revenue were also higher, while gross profit declined, leading gross margin to be lower.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and cost of revenue both rose compared with the prior quarter, but gross profit increased less proportionally, causing gross margin to weaken. Versus the same quarter one year earlier, revenue and cost of revenue were also higher, while gross profit declined, leading gross margin to be lower.
- The main observable driver of margin change is that cost of revenue increased more than revenue relative to both comparison periods, squeezing gross profit.
- Compared with the prior quarter, gross margin weakened; compared with the same quarter one year earlier, gross margin was also lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
11.8%
Gross profit
$5.9B
Revenue
$50.2B
Cost of revenue
$44.2B
Quarter-over-quarter change
-1.6 pts
Year-over-year change
-3.5 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 |
|---|---|---|---|---|
| Sep 30, 2024 | $46.2B | $6.0B | $40.2B | 13.0% |
| Dec 31, 2024 | $48.2B | $6.9B | $41.3B | 14.3% |
| Mar 31, 2025 | $40.7B | $5.5B | $35.2B | 13.5% |
| Jun 30, 2025 | $50.2B | $5.9B | $44.2B | 11.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
-1.6 pts
Year-over-year change
Jun 30, 2024
-3.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The main observable driver of margin change is that cost of revenue increased more than revenue relative to both comparison periods, squeezing gross profit.
Compared with the prior quarter, gross margin weakened; compared with the same quarter one year earlier, gross margin was also lower.
Monitor the magnitude of cost of revenue relative to revenue in subsequent quarters.