Ford Motor Co

F · Consumer Discretionary · FY2025 filings · · Shallow moat ·

Doesn't clear the bar

Shallow moat
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The five investor questions

57

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $136.3B to $187.3B, increasing; diluted EPS 4.45 to -2.06, decreasing.

10

Median gross margin 14.8% over 10y, variable.

72

Median ROIC 16.2%, above the 12% hurdle in 67% of years.

28

Net debt/EBITDA n/ax, interest coverage -7x.

44

Owner earnings changed trend unclear over up to the ten most recent annual observations, share count n/a.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
$4.3B
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$12.31
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 255% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 16, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

20 years of fundamentals

The business, in plain English

Ford Motor Co booked $187.3B of revenue in FY2025 in the Consumer Discretionary sector and kept 6.8% of it as gross profit — a thin-margin business by that measure. After every other cost, −4.4% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $170.6B (FY2007) to $187.3B (FY2025) — about 0.5% a year compounded over 18 years.

It earned −57.5% on invested capital in the latest filed year, FY2025. Across the full 9-year measurable filed record, median ROIC was 16.2%. Over the v3 recent window (9 measurable filed years), median ROIC was 16.2%. The Returns on Capital filter above scores it 72/100.

F's latest filed year, FY2025, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Returns on Capital is the strongest of the five filters (72/100) and Pricing Power the weakest (10/100), which is how F lands at 42/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2006–FY2025 · 20 fiscal years, normalized from F’s SEC filings

Sales, as filed$187.3B FY2025
$0$100B$200B2006201320202025
Revenue kept after cost of goods6.8% FY2025
0%10%20%2006201320202025
Standard ROIC or separately labeled Operating ROICStandard ROIC −40.3% FY2020

Exact FY and FY-1 financing invested-capital inputs are required.

−40%−20%0%2006201320202025
Cash an owner could take out−$1.0B FY2025
$0$10B$20B2006201320202025

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How Ford Motor Co makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$187.3B · 100%Cost of revenue$174.5B · 93%Gross profit$12.8B · 7%Operating income−$9.2B · −5%Income before tax−$11.8B · −6%Income tax−$3.7B · −2%Net income−$8.2B · −4%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$187.3B100%
Cost of revenue$174.5B93%
$12.8B7%
−$9.2B−5%
Income before tax−$11.8B−6%
Income tax−$3.7B−2%
−$8.2B−4%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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Flagship explainer

What Ford Motor Co owns — and owes

Ford Motor Co's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$289.2B100%
Cash and equivalents$23.4B8%
Stockholders’ equity$36.0B12%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set

Flagship explainer

What drives Ford Motor Co’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−20%Tax burden69%net income ÷ pretax incomeInterest burden129%pretax ÷ operating incomeOperating margin−5%operating income ÷ revenueAsset turnover0.65×revenue ÷ average assetsEquity multiplier7.11×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$8.2BFY2025
Income before tax−$11.8BFY2025
Operating income−$9.2BFY2025
$187.3BFY2025
Ending assets$289.2BFY2025
Beginning assets$285.2BFY2024
$36.0BFY2025
$44.8BFY2024
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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Flagship explainer

Where Ford Motor Co's cash went

Ford Motor Co’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$21.3B100%
Depreciation and amortization$16.0B75%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding Ford Motor Co

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited18 not holding18/19 resolved1 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalNo position reportedNo position reported
Akre CapitalNo position reportedNo position reported
Baupost GroupNo position reportedNo position reported
Berkshire HathawayNo position reportedNo position reported
Brave Warrior AdvisorsNo position reportedNo position reported
Dodge & CoxNo position reportedNo position reported
First EagleNo position reportedNo position reported
FundsmithNo position reportedNo position reported
Gardner Russo & QuinnNo position reportedNo position reported
Gates Foundation TrustNo position reportedNo position reported
Mairs & PowerNo position reportedNo position reported
Markel / Markel-GaynerNo position reportedNo position reported
Oakmark / Harris AssociatesNo position reportedNo position reported
Polen CapitalNo position reportedNo position reported
Sequoia / Ruane CunniffNo position reportedNo position reported
Southeastern Asset ManagementNo position reportedNo position reported
Tweedy, BrowneNo position reportedNo position reported
Yacktman Asset ManagementNo position reportedNo position reported
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source:
37 SEC filings
  1. 13F-HR · Q1 2026Filing detailsAccession 0000813917-26-000038 · filed May 15, 2026
  2. 13F-HR · Q2 2026Filing detailsAccession 0000813917-26-000042 · filed Aug 14, 2026
  3. 13F-HR · Q1 2026Filing detailsAccession 0000860643-26-000003 · filed May 13, 2026
  4. 13F-HR · Q2 2026Filing detailsAccession 0000860643-26-000005 · filed Aug 13, 2026
  5. 13F-HR · Q1 2026Filing detailsAccession 0000905567-26-000002 · filed May 1, 2026
  6. 13F-HR · Q2 2026Filing detailsAccession 0000905567-26-000003 · filed Aug 11, 2026
  7. 13F-HR · Q1 2026Filing detailsAccession 0000919574-26-003132 · filed May 15, 2026
  8. 13F-HR · Q2 2026Filing detailsAccession 0000919574-26-005176 · filed Aug 14, 2026
  9. 13F-HR · Q1 2026Filing detailsAccession 0001061768-26-000007 · filed May 14, 2026
  10. 13F-HR · Q2 2026Filing detailsAccession 0001061768-26-000010 · filed Aug 13, 2026
  11. 13F-HR · Q1 2026Filing detailsAccession 0001096343-26-000044 · filed May 1, 2026
  12. 13F-HR · Q2 2026Filing detailsAccession 0001096343-26-000065 · filed Jul 31, 2026
  13. 13F-HR · Q1 2026Filing detailsAccession 0001104659-26-062592 · filed May 15, 2026
  14. 13F-HR · Q2 2026Filing detailsAccession 0001104659-26-097175 · filed Aug 14, 2026
  15. 13F-HR · Q1 2026Filing detailsAccession 0001112520-26-000009 · filed May 14, 2026
  16. 13F-HR · Q2 2026Filing detailsAccession 0001112520-26-000014 · filed Aug 14, 2026
  17. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001819 · filed May 14, 2026
  18. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001911 · filed May 14, 2026
  19. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001966 · filed May 14, 2026
  20. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-002294 · filed May 15, 2026
  21. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003035 · filed Aug 4, 2026
  22. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003402 · filed Aug 13, 2026
  23. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003496 · filed Aug 14, 2026
  24. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003728 · filed Aug 14, 2026
  25. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-208439 · filed May 6, 2026
  26. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-223352 · filed May 14, 2026
  27. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-226661 · filed May 15, 2026
  28. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-340443 · filed Aug 7, 2026
  29. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-349535 · filed Aug 13, 2026
  30. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-352200 · filed Aug 14, 2026
  31. 13F-HR/A · Q1 2026 · Amendment RESTATEMENTFiling detailsAccession 0001325447-26-000018 · filed May 14, 2026
  32. 13F-HR · Q2 2026Filing detailsAccession 0001325447-26-000020 · filed Aug 5, 2026
  33. 13F-HR/A · Q2 2026 · Amendment NEW HOLDINGSFiling detailsAccession 0001325447-26-000033 · filed Aug 24, 2026
  34. 13F-HR · Q1 2026Filing detailsAccession 0001398344-26-009296 · filed May 15, 2026
  35. 13F-HR · Q2 2026Filing detailsAccession 0001398344-26-014641 · filed Aug 14, 2026
  36. 13F-HR · Q1 2026Filing detailsAccession 0001569205-26-000005 · filed May 15, 2026
  37. 13F-HR · Q2 2026Filing detailsAccession 0001569205-26-000012 · filed Aug 14, 2026
· event Jun 30, 2026 · retrieved Oct 16, 2026

Flagship explainer

What Ford Motor Co insiders reported

Records still being gathered — partial as of retrieval Oct 16, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

29 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale41.9 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Oct 16, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Oct 16, 2026.

2 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.

Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (19 versus 0). The filing codes alone do not establish that every such row arose from a compensation plan.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

InsiderShares owned afterDateFiling detail
Ford III HenryDirectorGift (G)Table I · Acquired · Class B Stock, $0.01 par value20,237—Gift (G)—See lot detailSep 22, 2026
3 filed lots
  • Table I · Class B Stock, $0.01 par value: 2,891 shares at — (Gift (G)) · code G · owned after 312,850 ·
  • Table I · Class B Stock, $0.01 par value: 8,673 shares at — (Gift (G)) · code G · owned after 126,055 ·
  • Table I · Class B Stock, $0.01 par value: 8,673 shares at — (Gift (G)) · code G · owned after 134,728 ·
Ford III HenryDirectorGift (G)Table I · Disposed · Class B Stock, $0.01 par value8,673—Gift (G)—304,177Sep 22, 2026
1 filed lot
  • Table I · Class B Stock, $0.01 par value: 8,673 shares at — (Gift (G)) · code G · owned after 304,177 ·
FORD WILLIAM CLAY JRDirector, Executive Chair and ChairOther acquisition or disposition (J)Table I · Disposed · Common Stock, $0.01 par value1,549,761Not disclosedNot disclosedSee lot detailSep 15, 2026
2 filed lots
  • Table I · Common Stock, $0.01 par value: 1,464,460 shares at Not disclosed · code J · owned after 1 ·
  • Table I · Common Stock, $0.01 par value: 85,301 shares at Not disclosed · code J · owned after 0 ·
FORD WILLIAM CLAY JRDirector, Executive Chair and ChairOther acquisition or disposition (J)Table I · Acquired · Class B Stock, $0.01 par value1,536,398Not disclosedNot disclosedSee lot detailSep 15, 2026
2 filed lots
  • Table I · Class B Stock, $0.01 par value: 1,451,097 shares at Not disclosed · code J · owned after 16,558,436 ·
  • Table I · Class B Stock, $0.01 par value: 85,301 shares at Not disclosed · code J · owned after 3,997,901 ·
WEINBERG JOHN SDirectorGrant, award, or other acquisition (A)Table II · Acquired · Ford Stock Units1,594Not disclosedNot disclosedSee lot detailSep 1, 2026
2 filed lots
  • Table II · Ford Stock Units: 891 shares at Not disclosed · code A · owned after 83,180 ·
  • Table II · Ford Stock Units: 703 shares at Not disclosed · code A · owned after 65,550 ·
Veihmeyer John BDirectorGrant, award, or other acquisition (A)Table II · Acquired · Ford Stock Units1,747Not disclosedNot disclosedSee lot detailSep 1, 2026
2 filed lots
  • Table II · Ford Stock Units: 977 shares at Not disclosed · code A · owned after 91,104 ·
  • Table II · Ford Stock Units: 770 shares at Not disclosed · code A · owned after 71,795 ·
THORNTON JOHN LDirectorGrant, award, or other acquisition (A)Table II · Acquired · Ford Stock Units4,792Not disclosedNot disclosed448,521Sep 1, 2026
1 filed lot
  • Table II · Ford Stock Units: 4,792 shares at Not disclosed · code A · owned after 448,521 ·
Radakovich Lynn VojvodichDirectorGrant, award, or other acquisition (A)Table II · Acquired · Ford Stock Units2,782Not disclosedNot disclosedSee lot detailSep 1, 2026
2 filed lots
  • Table II · Ford Stock Units: 609 shares at Not disclosed · code A · owned after 56,774 ·
  • Table II · Ford Stock Units: 2,173 shares at Not disclosed · code A · owned after 202,676 ·
MOONEY BETH EDirectorGrant, award, or other acquisition (A)Table II · Acquired · Ford Stock Units2,077Not disclosedNot disclosedSee lot detailSep 1, 2026
2 filed lots
  • Table II · Ford Stock Units: 609 shares at Not disclosed · code A · owned after 56,774 ·
  • Table II · Ford Stock Units: 1,468 shares at Not disclosed · code A · owned after 136,862 ·
Kennard William EDirectorGrant, award, or other acquisition (A)Table II · Acquired · Ford Stock Units3,271Not disclosedNot disclosedSee lot detailSep 1, 2026
2 filed lots
  • Table II · Ford Stock Units: 609 shares at Not disclosed · code A · owned after 56,774 ·
  • Table II · Ford Stock Units: 2,662 shares at Not disclosed · code A · owned after 248,281 ·
Huntsman Jon M JrDirectorGrant, award, or other acquisition (A)Table II · Acquired · Ford Stock Units1,055Not disclosedNot disclosedSee lot detailSep 1, 2026
2 filed lots
  • Table II · Ford Stock Units: 609 shares at Not disclosed · code A · owned after 56,774 ·
  • Table II · Ford Stock Units: 446 shares at Not disclosed · code A · owned after 41,577 ·
Helman William WDirectorGrant, award, or other acquisition (A)Table II · Acquired · Ford Stock Units619Not disclosedNot disclosed57,887Sep 1, 2026
1 filed lot
  • Table II · Ford Stock Units: 619 shares at Not disclosed · code A · owned after 57,887 ·
FORD WILLIAM CLAY JRDirector, Executive Chair and ChairGrant, award, or other acquisition (A)Table II · Acquired · Ford Stock Units55Not disclosedNot disclosed5,156Sep 1, 2026
1 filed lot
  • Table II · Ford Stock Units: 55 shares at Not disclosed · code A · owned after 5,156 ·
Cisneros AdrianaDirectorGrant, award, or other acquisition (A)Table II · Acquired · Ford Stock Units672Not disclosedNot disclosed62,756Sep 1, 2026
1 filed lot
  • Table II · Ford Stock Units: 672 shares at Not disclosed · code A · owned after 62,756 ·
CASIANO KIMBERLY ADirectorGrant, award, or other acquisition (A)Table II · Acquired · Ford Stock Units5,782Not disclosedNot disclosedSee lot detailSep 1, 2026
3 filed lots
  • Table II · Ford Stock Units: 609 shares at Not disclosed · code A · owned after 56,774 ·
  • Table II · Ford Stock Units: 2,856 shares at Not disclosed · code A · owned after 266,374 ·
  • Table II · Ford Stock Units: 2,317 shares at Not disclosed · code A · owned after 216,865 ·

Source-event as of . Retrieved .

Track record

How Ford Motor Co’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time scores 2011–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored F on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score100200Indexed price · log scale (2012 = 100)201120142017202020232026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the reconstructed history shown, F did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Consumer Discretionary context

#272 of 487 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #270AN AUTONATION, INC.42.4 out of 100, Shallow moatShallow moat
  2. #271PMNT Perfect Moment Ltd.42.2 out of 100, Shallow moatShallow moat
  3. #273NSIT INSIGHT ENTERPRISES, INC.41.9 out of 100, Shallow moatShallow moat
  4. #274BRWC BIRDIE WIN CORPORATION41.8 out of 100, Shallow moatShallow moat

Compare F with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about F

Does Ford Motor Co have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores Ford Motor Co (F) 41.9 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 57, pricing power 10, returns on capital 72, balance-sheet safety 28, capital allocation 44.
How has F's Moat Score changed over time?
The record logs 29 readings since Jul 17, 2026; the latest reads 41.9 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.