Ferrari N.V.

RACE

Auto - Manufacturers · Consumer Cyclical

Price

$436.54

+8.17 (+1.91%)

Market Cap

$76.79B

Exchange

New York Stock Exchange

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Exceptional

Growth

Strong

Cash Flow

Exceptional

Stability

Strong

Valuation

Good

Dividends

Good

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Share count falling — buybacks

−3.5% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 184.7M (2021) → 178.3M (2025)

Winston Score History

The full picture

Ferrari makes luxury sports cars and racing cars. The company sells vehicles under the Ferrari brand to wealthy buyers around the world, and it also competes in Formula 1 racing. Ferrari is one of the most recognized luxury brands on the planet, and it deliberately limits how many cars it produces each year to keep demand higher than supply.

Ferrari makes money mainly by selling cars, but it also earns revenue from its Formula 1 racing team, licensing its brand to merchandise and theme parks, and selling spare parts and personalization options. The company operates globally, with strong sales in Europe, the Americas, and Asia-Pacific, and generates around €5–6 billion in annual revenue. Its main competitive advantage is its brand exclusivity — long waiting lists and strict production limits protect its pricing power. The key risk is that Ferrari's ultra-wealthy customer base could shrink if global economic conditions worsen significantly, or if the shift to electric vehicles forces costly changes to its product lineup.

Politician Trades

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+8.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+10.1% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

€919M/ year

→ Flat (+3% vs prior year)

12.9% of revenue

3.2x the sector average (4%)

Steady R&D investment year-over-year

Insider Activity

29.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€1.6B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Ferrari N.V. is growing revenue at 8% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

52.6%

Healthy — 52.6% gross margin

Profit after running costs

Operating Margin

31.7%

Excellent — 31.7% operating margin

Return on the money invested

ROCE

32.5%

Exceptional — 32.5% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth

Sales YoY

+5.6%

Slow sales growth (+5.6% YoY)

Profit growth

EPS YoY

+4.0%

Modest earnings growth (+4.0% YoY)

Single-digit earnings growth — steady but not exciting.

How steady the profit is

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

259%

Turns 259% of profit into real cash

Spare cash per sale

FCF Margin

40.0%

Converts sales into free cash efficiently (40.0%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

0.83

Moderate — manageable debt (0.83)

Covers its interest

Interest Cover

59.81x

Comfortably covers interest (59.8x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

47.1x

Expensive — P/E 47.1

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+17.0

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (47.1 → 30.1)

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Dividends

Dividend

Dividend Yield

1.02%

Small dividend — 1.02% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+147.3%

Dividend growing fast (147.3% YoY)

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