Ford Motor Co. lost $8.2 billion for all of 2025 despite its revenue rising slightly, all of it tied to the $19.5 billion charge it took to account for its underperforming electric vehicle business. However, it offered a bright outlook for 2026.
The company’s revenue for the year was $187.3 billion, which was about 1 percent higher than 2024. When adjusted for earning before interest, taxes and other charges, Ford reported a $6.8 profit for the full year. Ford took the charge in the fourth quarter of the year, and that resulted in an $11.1 billion loss for Q4, officials noted.
However, the company glass is half full for 2026, despite many believing it could be a tough year for the industry as a whole.
“Ford delivered a strong 2025 in a dynamic and often volatile environment,” said Jim Farley, Ford president and CEO, in a release.
“We improved our core business and execution, made significant progress in the areas of the business we control – lowering material and warranty costs and making real progress on quality — and made difficult but critical strategic decisions that set us up for a stronger future. Moving forward, we’ll continue building on our strong foundation to achieve our target of 8% adjusted EBIT margin by 2029.”
For 2026, officials said the company expects adjusted earnings between $8 billion and $10 billion with adjusted free cash flow ranging from $5 billion to $6 billion. The company didn’t offer non-adjusted numbers.
Ford will spend between $9.5 billion and $10.5 billion on capital expenditures this year, including dedicating $1.5 billion to ramp up its Ford Energy unit.
“Improvements in our industrial system, a robust product roadmap that leverages our core strengths, and a disciplined approach to capital efficiency will drive even stronger results in 2026 and beyond,” said CFO Sherry House in a statement.
“We remain relentlessly focused on three key levers to improve margins: improvements in EVs, highly accretive anti-cyclical businesses that grow and change our risk profile and next generation core products.”
[Images: Ford]
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