| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 21 | 39.1x | 17.8x | Bottom tier | |
Growth | 62 | 5.6% | 7.1% | Around median | |
Quality | 84 | 24.9% | 4.5% | Top tier | |
Safety | 75 | 0.7x | 2.6x | Top tier | |
Capital Return | 34 | 0.82% | 2.12% | Bottom tier | |
Momentum | 59 | -15.7% | 2.9% | Around median | |
Sentiment | 96 | 10 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Ferrari N.V. is a luxury sports car company that generates its core revenue from the sale of cars and spare parts, with additional contributions from sponsorship, commercial and brand activities, and engine rentals to other Formula 1 teams. Its economic model is based on scarcity and exclusivity, model mix enrichment, and the sale of high-value personalization options such as paint, carbon fiber, wheels, and special leathers. In Q2 FY2026, personalizations represented approximately 20% of cars and spare parts revenue, supported particularly by the 296 Speciale family.
In Q2 FY2026, revenue reached €1.94 billion, EBITDA was €755 million, and industrial free cash flow was €275 million. Net revenue grew 11% at constant currency and 8% after accounting for currency effects, while the operating margin reached 31.2%, slightly higher year over year, and the EBITDA margin was 39%, slightly lower due to assumptions of an improved Formula 1 team ranking and the associated costs. The mix included increased contributions from Amalfi, 849 Testarossa, and the 296 Speciale family, continued deliveries of 12Cilindri Spider and Purosangue, and lower contributions from 296 GTS, Roma Spider, and SF90 XX as they phased out.
On an annual basis, FY2025 revenue increased to $7.1 billion from $6.7 billion in FY2024, and gross profit rose to $3.7 billion from $3.3 billion. Net income also increased to $1.6 billion from $1.5 billion, while earnings per share rose to 8.96 from 8.46. This performance continues the growth trajectory compared with FY2021, when revenue was $4.3 billion and net income was $833.1 million.
The analyst consensus is “Buy,” with an average price target of $469.25 and a target range of $442 to $490. The average is approximately $35.24 below the 52-week high of $504.49, while it is significantly above the low of $312.51; the wide spread between these reference points reflects differing assessments of the sustainability of strong demand and personalizations versus second-half cost and currency risks.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Ferrari generated revenue of €1.94 billion and EBITDA of €755 million in Q2 FY2026. Net revenue grew 11% at constant currency and 8% after accounting for currency effects. The main support came from a richer model mix and personalizations, which represented approximately 20% of cars and spare parts revenue, particularly within the 296 Speciale family. The operating margin was 31.2%, while the EBITDA margin was 39%.
Ferrari raised its guidance on July 30, 2026, because demand for personalizations remained above its previous assumptions and the currency environment became more favorable. The updated guidance assumes that personalizations will exceed 20% of cars and spare parts revenue, with the U.S. dollar-to-euro exchange rate near 1.16. The company raised its revenue guidance threshold by €100 million and its operating profit threshold by €40 million. Higher selling, general and administrative, research and development, and depreciation and amortization expenses in the second half of FY2026 limit the full conversion of the increase into profit.
Ferrari Luce is the company’s first electric car and was unveiled in Q2 FY2026 with more than 60 patents, four electric traction motors, and a five-seat cabin. Two months after the global premiere in Rome, management said orders were progressing according to plan and included repeat customers and new customers who had never previously purchased a Ferrari. Luce places electric propulsion alongside internal combustion and hybrid engines within a technology-neutral strategy. Management also confirmed that the car is an addition to the portfolio and not an announced replacement for other technologies.
Automated analysis for informational purposes only — not investment advice.
Management said on July 30, 2026, that the order book covers all FY2027 production across geographic regions. The production runs of the 296 Speciale family and the 12Cilindri family are also fully sold out. The company also allocated all 1,499 units of the 12Cilindri Manuale introduced on July 3, 2026. According to management’s explanation, the order-book figure covering FY2027 does not include Manuale orders, which belong to Q3 FY2026.
Ferrari expects selling, general and administrative, and research and development expenses to increase in the second half of FY2026, alongside depreciation and amortization exceeding €700 million for the full year. Currency effects also reduced reported revenue growth in Q2 FY2026 to 8% from 11% at constant currency. Hedges cover approximately 80% of the second-half FY2026 exposure, but FY2027 is significantly less hedged. The model transition and longer manufacturing time for highly personalized cars add risks to delivery timing and cash flow.
Revenue increased from $4.3 billion in FY2021 to $7.1 billion in FY2025. Gross profit rose over the same period from $2.2 billion to $3.7 billion, while net income increased from $833.1 million to $1.6 billion. Earnings per share also rose from 4.50 in FY2021 to 8.96 in FY2025. Between FY2024 and FY2025 alone, revenue increased from $6.7 billion to $7.1 billion and net income rose from $1.5 billion to $1.6 billion.
