Ferrari (RACE) Operating Margin (2014 - 2025)

Ferrari (RACE) reported Operating Margin of 28.47% for Q4 2025, up 151.0% year-over-year from 11.34% in Q4 2024, and little changed quarter-over-quarter from 28.44% in Q3 2025.

Ferrari (RACE) Operating Margin (2014 - 2025) Analysis & Trends

Ferrari (RACE) has 12 years of Operating Margin data on file, last reported at 28.47% in Q4 2025.

  • Operating Margin for Q4 2025 came in at 28.47%, up 151.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 29.49% (up 122.0% YoY), and the FY2025 annual result was 29.52%, up 125.0% from the prior year.
  • Operating Margin held at 28.47% in Q4 2025 per RACE's latest filing, from 28.44% in the prior quarter.
  • Over five years, Operating Margin peaked at 30.91% in Q2 2025 and troughed at 21.84% in Q4 2022.
  • A 5-year average of 26.86% and a median of 26.95% in 2023 frame the typical range for Operating Margin.
  • The sharpest annual moves came in 2021 and 2022: Operating Margin jumped 2242 bps in 2021, then slumped 177 bps in 2022.
  • A 5-year view of Operating Margin shows it stood at 22.61% in 2021, then slipped by 3 bps to 21.84% in 2022, then rose by 12 bps to 24.43% in 2023, then advanced by 10 bps to 26.96% in 2024, then grew by 6 bps to 28.47% in 2025.
  • Business Quant data shows RACE's Operating Margin at 28.47% in Q4 2025, 28.44% in Q3 2025, and 30.91% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Tesla 1,297.09 Bn 1,252.41 Bn 4.72 Bn 4.20%
2 Toyota Motor 440.56 Bn 289.71 Bn 39.87 Bn 3.53%
3 Ferrari 75.26 Bn 73.46 Bn 1.09 Bn 28.47%
4 General Motors 72.40 Bn 50.02 Bn 4.32 Bn 7.44%
5 Ford Motor 56.05 Bn 25.60 Bn 7.94 Bn 5.38%
6 Rivian Automotive 20.65 Bn 15.84 Bn 119.00 Mn -63.79%
7 China Yuchai International 14.25 Bn 13.19 Bn 317.01 Mn 3.98%
8 VinFast Auto 7.11 Bn 10.11 Bn -15,731.99 Bn -73.69%
9 Digital Currency X Technology 4.89 Bn 4.89 Bn - -
10 Xpeng 4.49 Bn 1.59 Bn 388.90 Mn -14.38%

Historic Data

Download Data
DateValue
Dec 31, 2025 28.47%
Sep 30, 2025 28.44%
Jun 30, 2025 30.91%
Mar 31, 2025 30.27%
Dec 31, 2024 26.96%
Sep 30, 2024 28.38%
Jun 30, 2024 29.85%
Mar 31, 2024 27.89%
Dec 31, 2023 24.43%
Sep 30, 2023 27.40%
Jun 30, 2023 29.65%
Mar 31, 2023 26.94%
Dec 31, 2022 21.84%
Sep 30, 2022 23.90%
Jun 30, 2022 24.98%
Mar 31, 2022 25.91%
Dec 31, 2021 22.61%
Sep 30, 2021 25.67%
Jun 30, 2021 26.47%
Mar 31, 2021 26.33%