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Ferrari
(RACE)
Ferrari (RACE) vs. iShares MSCI Italy ETF (EWI)
Ferrari Business Overview & Revenue Model
Ferrari Earnings Call Summary
Ferrari Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.08B | 6.68B | 5.97B | 5.10B | 4.27B | 3.46B |
| Gross Profit | 3.63B | 3.35B | 2.97B | 2.45B | 2.19B | 1.77B |
| EBITDA | 2.73B | 2.59B | 2.29B | 1.77B | 1.53B | 1.14B |
| Net Income | 1.60B | 1.52B | 1.25B | 932.61M | 830.77M | 607.82M |
Balance Sheet | ||||||
| Total Assets | 9.48B | 9.50B | 8.05B | 7.77B | 6.86B | 6.26B |
| Cash, Cash Equivalents and Short-Term Investments | 1.54B | 1.75B | 1.13B | 1.40B | 1.35B | 1.36B |
| Total Debt | 2.87B | 3.35B | 2.48B | 2.81B | 2.63B | 2.72B |
| Total Liabilities | 5.70B | 5.95B | 4.98B | 5.16B | 4.65B | 4.47B |
| Stockholders Equity | 3.77B | 3.53B | 3.06B | 2.59B | 2.21B | 1.79B |
Cash Flow | ||||||
| Free Cash Flow | 1.47B | 937.50M | 847.73M | 598.72M | 545.58M | 129.22M |
| Operating Cash Flow | 2.33B | 1.93B | 1.72B | 1.40B | 1.28B | 838.21M |
| Investing Cash Flow | -969.09M | -987.11M | -866.45M | -805.41M | -732.74M | -708.03M |
| Financing Cash Flow | -1.46B | -324.76M | -1.11B | -553.56M | -579.67M | 339.68M |
Ferrari Technical Analysis
Ferrari Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €4.78B | 11.36 | ― | 3.21% | -0.22% | -12.64% | |
74 Outperform | €15.47B | 25.27 | 18.89% | 2.28% | 0.87% | -5.61% | |
72 Outperform | $85.11B | 40.14 | 43.40% | 0.83% | 9.53% | 12.89% | |
71 Outperform | €6.15B | 12.33 | 8.81% | 4.13% | 1.64% | 14.73% | |
63 Neutral | $33.74B | ― | -3.01% | 7.55% | -17.07% | -118.99% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | €68.12M | -8.12 | -25.75% | ― | -14.54% | -801.97% |
Ferrari Corporate Events
Ferrari N.V., a leading luxury automotive brand known for its high-performance sports cars and successful Formula 1 racing team, continues to innovate from its base in Maranello, Italy, while maintaining a strong global presence.
Ferrari NV’s recent earnings call painted a largely positive picture, underscored by significant revenue growth, strong cash flow, and a robust order book extending into 2027. The company celebrated the successful launch of new models and notable sustainability achievements. Despite facing challenges such as U.S. import tariffs, foreign exchange headwinds, and lower deliveries due to model phaseouts, the overall sentiment was optimistic, with positive aspects outweighing the negatives.
Ferrari N.V. has released its interim report for the three and nine months ended September 30, 2025. The report, which was signed by CFO Antonio Picca Piccon on November 4, 2025, provides insights into the company’s financial performance and operations during this period. The release of this report is crucial as it offers stakeholders a detailed view of Ferrari’s financial health and strategic direction, potentially impacting investor confidence and market positioning.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR460.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On November 4, 2025, Ferrari announced strong financial results for Q3 2025, with net revenues of €1,766 million, a 7.4% increase from the previous year, and a net profit of €382 million. The company shipped 3,401 units in the quarter, maintaining its brand exclusivity strategy. Ferrari’s product lineup included a mix of internal combustion and hybrid models, with significant contributions from the SF90 XX family and the Roma Spider. The company’s upward revision of its 2025 guidance reflects confidence in its long-term growth trajectory, emphasizing sustainable development and innovation in electric technology.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR460.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On November 3, 2025, Ferrari N.V. announced the completion of the eighth tranche of its multi-year share buyback program, which aims to repurchase approximately Euro 2 billion worth of shares by 2026. As part of this tranche, Ferrari purchased 59,050 common shares on the Euronext Milan, investing a total of Euro 20,368,428.29. Since the program’s inception in 2022, the company has acquired 5,689,232 shares, reflecting a significant commitment to enhancing shareholder value and maintaining strategic financial flexibility.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR475.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On October 27, 2025, Ferrari N.V. announced the completion of the eighth tranche of its share buyback program, which was initially announced on July 31, 2025. This tranche is part of a larger multi-year buyback initiative totaling approximately €2 billion, expected to be completed by 2026. As of October 24, 2025, Ferrari has invested €196.5 million for shares on the Euronext Milan and $48.4 million for shares on the NYSE, holding 8.93% of its total issued share capital in treasury. This strategic move is aimed at enhancing shareholder value and reflects the company’s robust financial health.
The most recent analyst rating on (IT:RACE) stock is a Hold with a EUR345.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
Ferrari N.V. announced on October 21, 2025, that it will release its financial results for the third quarter of 2025 on November 4, 2025. The announcement includes a live audio webcast and conference call scheduled for the same day, providing stakeholders with insights into the company’s financial performance. This upcoming release is significant for investors and analysts as it will offer a detailed view of Ferrari’s financial health and market positioning during the third quarter.
The most recent analyst rating on (IT:RACE) stock is a Hold with a EUR345.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On October 20, 2025, Ferrari N.V. announced the renewal of its multi-year partnership with Bitdefender, a leader in cybersecurity. This collaboration is expected to enhance Ferrari’s cybersecurity measures, reinforcing its commitment to protecting its digital assets and maintaining its reputation for excellence in the automotive industry.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR399.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On October 20, 2025, Ferrari N.V. announced the completion of the eighth tranche of its Euro 360 million share buyback program, part of a larger Euro 2 billion initiative expected to conclude by 2026. This tranche involved purchasing 126,529 common shares on the Euronext Milan and New York Stock Exchange, reflecting Ferrari’s commitment to enhancing shareholder value. As of October 17, 2025, the company has invested a total of Euro 1.86 billion in the buyback program, acquiring over 5.5 million shares, which signifies a strategic move to optimize capital structure and return value to shareholders.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR399.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On October 13, 2025, Ferrari N.V. announced the completion of the eighth tranche of its multi-year share buyback program, initially disclosed during the 2022 Capital Markets Day. This tranche, part of a larger Euro 2 billion buyback initiative, involved the purchase of 101,500 common shares on the Euronext Milan between October 6 and October 10, 2025, for a total consideration of approximately Euro 38.8 million. As of October 10, 2025, Ferrari held 8.31% of its total issued common shares in treasury, reflecting a strategic move to enhance shareholder value and optimize capital structure.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR425.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On October 9, 2025, Ferrari unveiled its 2030 Strategic Plan during its Capital Markets Day, emphasizing innovation and diversification in its product offerings. The plan includes launching an average of four new models annually from 2026 to 2030, with a balanced lineup of internal combustion, hybrid, and electric vehicles. Ferrari aims to enhance client engagement through new Tailor Made centers and flagship stores, while also committing to significant reductions in greenhouse gas emissions by 2030. The introduction of the Ferrari elettrica marks a significant step in Ferrari’s electrification journey, aligning with its tradition of manufacturing excellence and client-centric approach. Additionally, the establishment of the M-TECH Alfredo Ferrari educational hub in Maranello highlights Ferrari’s dedication to nurturing future engineering talent, further strengthening its industry positioning and community ties.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR475.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On October 9, 2025, Ferrari announced an upgrade to its 2025 guidance, surpassing its 2026 profitability targets a year early. The company aims for net revenues of approximately €9 billion by 2030, driven by a strong product mix and personalization options. Ferrari plans significant investments in innovation, with capital expenditures of around €4.7 billion, focusing on next-generation sports cars. The company also projects robust industrial free cash flow of €8 billion over the plan, with improved cash conversion rates. Shareholder remuneration is set to increase, with a €7 billion allocation to share repurchases and dividends, raising the payout from 35% to 40% of adjusted net profit.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR475.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On October 6, 2025, Ferrari N.V. announced the completion of the eighth tranche of its extensive share buyback program, initially introduced on July 31, 2025. This tranche involved purchasing additional common shares on the Euronext Milan, totaling 28,100 shares at an average price of €414.75 per share, amounting to €11.65 million. Since the inception of the multi-year buyback initiative in 2022, Ferrari has acquired over 5.35 million shares across EXM and NYSE, with a total investment of approximately €1.78 billion. This strategic move is part of Ferrari’s efforts to enhance shareholder value and optimize capital structure, reflecting its robust financial position and commitment to long-term growth.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR520.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On October 3, 2025, Ferrari N.V. announced that it will host its Capital Markets Day on October 9, 2025, in Maranello, Italy. The event will be accessible via a live webcast, providing stakeholders with insights into Ferrari’s strategic direction and financial outlook. This initiative reflects Ferrari’s commitment to transparency and engagement with its investors and stakeholders.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR485.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On September 29, 2025, Ferrari N.V. announced the completion of the eighth tranche of its multi-year share buyback program, which was initially revealed during the 2022 Capital Markets Day. The company purchased additional common shares on the Euronext Milan and New York Stock Exchange, with a total consideration of approximately Euro 22.9 million. Since the start of the buyback program, Ferrari has invested a total of Euro 1.77 billion, acquiring over 5.3 million shares. This buyback initiative is part of Ferrari’s strategy to enhance shareholder value and reflects its strong financial position.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR448.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On September 22, 2025, Ferrari N.V. announced the completion of the eighth tranche of its share buyback program, initially announced on July 31, 2025. This tranche is part of a larger multi-year program worth approximately Euro 2 billion, expected to be completed by 2026. The company purchased 66,210 common shares on the Euronext Milan and New York Stock Exchange between September 15 and September 19, 2025, for a total consideration of Euro 26,865,609.96. As of September 19, 2025, Ferrari held 8.80% of its total issued share capital in treasury, including special voting shares. This strategic move is aimed at enhancing shareholder value and maintaining a strong market position.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR520.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On September 15, 2025, Ferrari N.V. announced the completion of the eighth tranche of its multi-year share buyback program, initially disclosed during the 2022 Capital Markets Day. The program, which aims to repurchase approximately Euro 2 billion in shares by 2026, saw the company purchase 65,675 common shares between September 8 and September 12, 2025, on the Euronext Milan and New York Stock Exchange. As of September 12, 2025, Ferrari held 8.78% of its total issued share capital in treasury, reflecting the company’s strategic focus on enhancing shareholder value.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR520.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On September 8, 2025, Ferrari N.V. announced the continuation of its Euro 360 million share buyback program, part of a larger multi-year initiative expected to reach approximately Euro 2 billion by 2026. As of September 5, 2025, the company has invested Euro 40.86 million in purchasing 99,100 shares on the Euronext Milan and USD 11.96 million for 24,651 shares on the New York Stock Exchange. This buyback program is a strategic move to enhance shareholder value and reflects Ferrari’s strong financial position, holding 8.75% of its total issued share capital in treasury.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR520.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
On September 1, 2025, Ferrari N.V. announced the completion of the eighth tranche of its multi-year share buyback program, initially disclosed during the 2022 Capital Markets Day. This tranche, part of a larger Euro 2 billion program expected to conclude by 2026, saw the purchase of 67,466 common shares for a total of approximately Euro 27.4 million. The buyback program is a strategic move to enhance shareholder value and optimize capital structure, reflecting Ferrari’s robust financial health and commitment to returning value to its investors.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR520.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.