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Complete financial analysis of Ferrari N.V. (RACE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ferrari N.V., a leading company in the Auto – Manufacturers industry within the Consumer Cyclical sector.
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Ferrari N.V. (RACE)
About Ferrari N.V.
Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hyper cars; one-off and track cars; and Icona cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. In addition, the company licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods; Ferrari World, a theme park in Abu Dhabi, the United Arab Emirates; and Ferrari Land Portaventura, a theme park in Europe. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages racetracks, as well as owns and manages two museums in Maranello and Modena, Italy; and develops and sells a line of apparel and accessories through its monobrand stores. As of December 31, 2021, it had a total of 30 retail Ferrari stores, including 14 franchised stores and 16 owned stores. The company also sells its products through a network of 172 authorized dealers operating 191 points of sale worldwide, as well as through its website, store.ferrari.com. Ferrari N.V. was founded in 1947 and is headquartered in Maranello, Italy.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.97B | 5.10B | 4.27B | 3.46B | 3.77B | 3.42B | 3.42B | 3.11B | 2.85B | 2.76B | 2.34B | 2.23B |
| Cost of Revenue | 3.00B | 2.65B | 2.08B | 1.69B | 1.81B | 1.62B | 1.65B | 1.58B | 1.50B | 1.51B | 1.23B | 1.20B |
| Gross Profit | 2.97B | 2.45B | 2.19B | 1.77B | 1.96B | 1.80B | 1.77B | 1.53B | 1.36B | 1.26B | 1.10B | 1.03B |
| Gross Profit Ratio | 49.82% | 48.01% | 51.28% | 51.26% | 52.07% | 52.55% | 51.69% | 49.13% | 47.49% | 45.49% | 47.13% | 46.12% |
| Research & Development | 881.56M | 775.57M | 768.10M | 707.39M | 699.21M | 643.04M | 657.12M | 613.64M | 561.58M | 540.83M | 479.29M | 431.46M |
| General & Administrative | 226.14M | 200.99M | 179.56M | 164.23M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 236.44M | 226.99M | 168.47M | 171.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 462.58M | 427.97M | 348.02M | 336.13M | 343.18M | 327.34M | 329.07M | 295.24M | 338.63M | 300.09M | 259.88M | 242.82M |
| Other Expenses | 12.76M | -21.55M | -5.56M | -18.48M | -4.99M | -3.20M | -6.87M | -24.50M | -11.04M | -26.08M | 2.10M | -16.53M |
| Operating Expenses | 1.36B | 1.20B | 1.12B | 1.04B | 1.04B | 970.38M | 986.18M | 908.88M | 900.21M | 840.92M | 739.17M | 674.28M |
| Cost & Expenses | 4.35B | 3.85B | 3.20B | 2.73B | 2.85B | 2.59B | 2.64B | 2.49B | 2.40B | 2.35B | 1.97B | 1.87B |
| Interest Income | 25.81M | 4.58M | 5.14M | 1.13M | 5.81M | 2.12M | 6.44M | 2.68M | 6.53M | 7.11M | 2.43M | 3.58M |
| Interest Expense | 15.00M | 54.20M | 38.40M | 50.22M | 50.56M | 26.04M | 35.69M | 50.12M | 23.42M | 0.00 | 0.00 | 25.52M |
| Depreciation & Amortization | 662.31M | 546.23M | 455.99M | 426.64M | 351.95M | 288.75M | 160.10M | 143.66M | 274.76M | 288.98M | 270.25M | 237.54M |
| EBITDA | 2.29B | 1.75B | 1.52B | 1.14B | 1.27B | 1.11B | 1.04B | 784.58M | 730.11M | 685.56M | 636.23M | 589.57M |
| EBITDA Ratio | 38.42% | 34.90% | 35.98% | 33.06% | 33.74% | 32.62% | 30.45% | 27.83% | 25.58% | 24.82% | 27.24% | 26.50% |
| Operating Income | 1.62B | 1.23B | 1.08B | 717.25M | 918.92M | 827.04M | 779.85M | 616.52M | 455.36M | 396.58M | 365.98M | 352.03M |
| Operating Income Ratio | 27.09% | 24.18% | 25.30% | 20.73% | 24.40% | 24.18% | 22.82% | 19.86% | 15.95% | 14.36% | 15.67% | 15.82% |
| Total Other Income/Expenses | -15.02M | -49.62M | -33.26M | -62.92M | -43.55M | -24.09M | -33.69M | -49.16M | -21.19M | -17.32M | 4.95M | -17.43M |
| Income Before Tax | 1.60B | 1.18B | 1.04B | 667.04M | 875.36M | 802.94M | 746.16M | 567.35M | 434.17M | 398.23M | 366.40M | 334.60M |
| Income Before Tax Ratio | 26.84% | 23.11% | 24.40% | 19.28% | 23.24% | 23.48% | 21.84% | 18.27% | 15.21% | 14.42% | 15.69% | 15.04% |
| Income Tax Expense | 344.90M | 238.47M | 209.10M | 58.16M | 176.66M | 16.32M | 208.76M | 167.64M | 144.12M | 133.22M | 120.30M | 101.11M |
| Net Income | 1.25B | 932.61M | 830.77M | 607.82M | 695.82M | 784.68M | 535.39M | 398.76M | 287.82M | 261.37M | 240.77M | 225.40M |
| Net Income Ratio | 20.97% | 18.30% | 19.45% | 17.57% | 18.47% | 22.94% | 15.67% | 12.84% | 10.08% | 9.46% | 10.31% | 10.13% |
| EPS | 6.90 | 5.10 | 4.50 | 3.29 | 3.73 | 4.16 | 2.83 | 2.11 | 1.52 | 1.38 | 1.27 | 1.19 |
| EPS Diluted | 6.90 | 5.09 | 4.50 | 3.28 | 3.71 | 4.14 | 2.82 | 2.11 | 1.52 | 1.38 | 1.27 | 1.19 |
| Weighted Avg Shares Out | 181.46M | 182.84M | 184.45M | 184.81M | 186.77M | 188.61M | 188.61M | 188.92M | 188.92M | 188.92M | 188.92M | 188.92M |
| Weighted Avg Shares Out (Dil) | 181.51M | 183.07M | 184.72M | 185.38M | 187.54M | 189.39M | 189.76M | 188.95M | 188.92M | 188.92M | 188.92M | 188.92M |
Ferrari N.V. (RACE) Q2 2024 Earnings Call Transcript
Ferrari (RACE) Q2 Earnings and Revenues Beat Estimates
Ferrari ups FY forecasts after strong Q2 on larger offer, personalisations
Q2 2024 RESULTS CONFIRM STRONG EXECUTION AND CONTINUED GROWTH 2024 GUIDANCE REVISED UPWARD
Will Ferrari (RACE) Beat Estimates Again in Its Next Earnings Report?
Ferrari shores up cooperation with Italian tax authority to ensure transparency
Ferrari N.V.: Periodic Report on the Buyback Program
3 Stocks With Clear Upside Potential for the Future
Ferrari (RACE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Ferrari to accept crypto-payments in Europe
Source: https://incomestatements.info
Category: Stock Reports