Ferrari N.V.

RACENYSEConsumer Cyclical● Active

$346.99

$-2.93(-0.84%)

Market Cap$61.2B

P/E Ratio—

52W High$519.1

52W Low$312.51

Avg Volume669K

Open$348.58

Beta0.59

Free Cash Flow Financials Revenue

Ferrari N.V. (RACE) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

RACE · free cash flow · updated Jun 8, 2026

Core FCF metrics

RACE · FCF · TTM · margin & CAGR

Free cash flow was $2.66B for FY2025 (fiscal year ending 2025-12-31), up 183.5% year-over-year The FCF margin was 37.2%. Five-year CAGR stands at +83.1%.

FY2025 Free Cash Flow$2.66B▲ +183.5% YoY

Trailing 12M (TTM)$2.77Btrailing 4 quarters sum

FCF Margin37.2%$2.66B ÷ revenue

3-Year CAGR+64.3%FY2022 → FY2025

5-Year CAGR+83.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

RACE · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.18B(1.52B)$2.66B▲ +183.5%37.2%

FY2024$1.93B(989M)$937.5M▲ +10.6%14.0%

FY2023$1.72B(869M)$847.7M▲ +41.6%14.2%

FY2022$1.40B(805M)$598.7M▲ +9.7%11.8%

FY2021$1.28B(737M)$545.6M▲ +322.2%12.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

RACE · P/FCF · FCF yield · FCF per share

Ferrari N.V. (RACE) trades at a FCF yield of 3.04% and a price-to-free-cash-flow ratio of 22.4x. FCF per share stands at $15.49, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.04%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$15.49

TTM FCF ÷ Shares Outstanding

Price / FCF

x22.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x33.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

RACE · cash flow statement · operating / investing / financing

For FY2025, Ferrari N.V. generated $4.18B in operating cash flow and spent 1.52B in capital expenditures, yielding $2.66B in free cash flow.

Operating Activities

+$4.18B

Cash from core business operations

2025-12-31

Investing Activities

−$1.64B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$3.12B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.18B) − |CapEx| (1.52B) = FCF ($2.66B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

RACE vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Ferrari N.V.YOU

RACE

$2.66B+183.5%37.2%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Ferrari N.V. (RACE) reported free cash flow of $2.66B for FY2025 (fiscal year ending 2025-12-31), up 183.5% year-over-year. The FCF margin was 37.2%.

Based on available data, Ferrari N.V. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $2.66B in FY2025. The 5-year CAGR stands at +83.1%.

Ferrari N.V.'s FCF yield is 3.04% and price-to-FCF ratio is 22.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

RACE free cash flow · 8 questions

Ferrari N.V. free cash flow was $2.66B for FY2025, up 183.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.77B.

RACE free cash flowRACE FCFRACE FCF 2025RACE free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Ferrari N.V. · Ferrari N.V. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026