Ferrari N.V. cash flow statement

In fiscal 2025, Ferrari N.V.'s operations generated $2.66bn of cash; it spent $549m on capital projects, leaving free cash flow of $2.11bn.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ferrari N.V.: cash flow statement, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	785	1,113	749	1,104	1,462	956	1,518	1,478	1,857	2,085	2,656
Depreciation and amortisation	—	—	162	185	214	249	272	274	314	324	338
Capital spending	205	194	213	355	394	407	417	366	413	522	549
Free cash flow	580	919	536	748	1,068	549	1,101	1,112	1,444	1,563	2,108

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: RACE vs THO RACE vs RIVN RACE vs XPEV

More: Automobile Manufacturers stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Ferrari N.V.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ferrari N.V.