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福特汽车公司Ford Motor(F)2025年第四季度及全年财务业绩演示报告「NYSE」(英文版)(37页).pdf

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1、Q4&Full Year 2025 Earnings2025 Ford MaverickContentsDelivering Ford+Page 4-5Q4 ResultsPage 6Full Year ResultsPage 7FinancialsPage 9-172026 GuidancePage 19-20AppendixPage 23-362026 Ford KugaSafe Harbor Statement And DisclosuresThis presentation includes financial measures calculated in accordance wit

2、h Generally Accepted Accounting Principles(“GAAP”)and non-GAAP financial measures.The non-GAAP financial measures are intended to be considered supplemental information to their comparable GAAP financial measures.The non-GAAP financial measures are reconciled to the most comparable GAAP financial me

3、asures in the Appendix to this presentation.This presentation includes forward-looking statements.Forward-looking statements are based on expectations,forecasts,and assumptions by our management and involve a number of risks,uncertainties,and other factors that could cause actual results to differ m

4、aterially from those stated.For a discussion of these risks,uncertainties,and other factors,please see the“Cautionary Note on Forward-Looking Statements”in this presentation and“Item 1A.Risk Factors”in our most recent Annual Report on Form 10-K,as updated by our subsequent filings with the United St

5、ates Securities and Exchange Commission.Forward-Looking StatementsGAAP&Non-GAAP Financial MeasuresCalculated results may not sum due to rounding.N/M denotes“Not Meaningful.”All variances are year-over-year unless otherwise noted.Visit for vehicle information.Additional InformationThe guidance is bas

6、ed on our expectations and best estimates as of February 10,2026,and assumes no material change to our current assumptions for inflation,logistics issues,production,or macroeconomic conditions.Moreover,our guidance has not factored in any new policy changes by the administration in the United States

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1. **2025年业绩**:营收1873亿美元(同比+1%),调整后EBIT 68亿美元(同比-34%),调整后自由现金流35亿美元(同比+3.2亿美元)。 2. **业务板块表现**: - Ford Blue:营收1010亿美元,EBIT 30亿美元(同比-22%); - Ford Model e:营收6.7亿美元,EBIT亏损48亿美元(同比收窄0.3亿美元); - Ford Pro:营收66.3亿美元,EBIT 68亿美元(同比-22%)。 3. **2026年指引**:调整后EBIT 80亿-100亿美元,调整后自由现金流50亿-60亿美元,资本支出95亿-105亿美元。 4. **战略重点**:聚焦高回报卡车和多能源车型,75%资本投向该领域;Ford Energy(电池储能业务)启动;软件业务毛利率超50%。 5. **风险提示**:包含前瞻性声明,受政策、供应链、通胀等因素影响。
**福特2026展望?** **EV业务亏损多少?** **现金流如何变化?**
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