Ferrari Posts 7% Revenue Growth to €7.15 B, Boosts Free Cash Flow 50%

RACERACE

Ferrari reported 2025 revenues of €7,146 million, up 7%, with EBIT rising 12% to €2,110 million and a 29.5% margin. Industrial free cash flow jumped 50% to €1,538 million, and 2026 guidance targets €7.50 billion revenues and a 39.0% EBITDA margin.

1. Financial Performance

Ferrari generated net revenues of €7,146 million in 2025, a 7% increase over the prior year. Operating profit (EBIT) climbed 12% to €2,110 million, lifting the EBIT margin by 120 basis points to 29.5%, while net profit reached €1,600 million and diluted EPS stood at €8.96. EBITDA rose 8% to €2,772 million, delivering a 38.8% margin.

2. Cash Flow and Shipments

Industrial free cash flow surged 50% to €1,538 million, reflecting improved working capital and operational efficiency. Total shipments for the year were 13,640 units, a slight decrease of 112 units versus 2024, underscoring the company’s disciplined volume strategy.

3. 2026 Outlook

Ferrari’s 2026 guidance targets approximately €7.50 billion in revenues and a 39.0% EBITDA margin, underpinned by a strong product mix and personalization programs. The order book extends toward the end of 2027, highlighting sustained demand and the exclusivity of Ferrari's volume management approach.

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