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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Ferrari N.V. (RACE) Quarterly Financial Ratios

Last 46 quarters of trend data · Consumer Cyclical · Auto - Manufacturers

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Ferrari N.V.'s quarterly P/E stands at 43.2x, down 13.4% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 8.1% YoY to 27.9x, reflecting multiple compression or accelerating EBITDA.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
P/E Ratio →35.9543.1756.6851.5546.5149.8656.5044.5855.8952.2340.6044.1941.81
—-13.4%+0.3%+15.6%-16.8%-4.5%+39.2%+0.9%+33.7%+18.0%+8.0%+31.0%-1.1%
P/S Ratio7.989.1112.2512.2510.6910.9812.8510.7512.4210.058.6810.038.63
—-17.0%-4.7%+14.0%-13.9%+9.3%+48.1%+7.2%+43.9%+40.8%+28.2%+54.0%+2.1%
P/B Ratio15.1917.3722.8924.6821.4121.5225.2823.6923.9919.9417.8319.8416.21
—-19.3%-9.4%+4.2%-10.7%+7.9%+41.8%+19.4%+48.0%+32.9%+24.4%+40.0%+4.6%
P/FCF——45.77140.4030.7187.4543.46388.6363.4472.2645.21153.8450.63
——+5.3%-63.9%-51.6%+21.0%-3.9%+152.6%+25.3%-9.8%+9.6%+89.4%+42.5%
EV / EBITDA23.8027.9338.1731.2927.7530.3933.5728.2732.7327.9823.0625.6923.40
—-8.1%+13.7%+10.7%-15.2%+8.6%+45.6%+10.1%+39.9%+30.5%+15.3%+30.9%-3.7%
EV / EBIT27.0232.2544.4340.2236.1940.2545.1936.2344.6539.3730.8531.6430.34
—-19.9%-1.7%+11.0%-18.9%+2.3%+46.5%+14.5%+47.2%+8.9%+13.1%+25.0%-5.2%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Ferrari N.V.'s operating margin was 28.5% in Q4 2025, up 0.1 pp QoQ and up 1.6 pp YoY. The trailing four-quarter average of 29.7% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 3.4% YoY, indicating pricing power or improving input costs.

Margins

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Gross Margin51.7%51.9%50.1%52.6%52.1%50.2%49.7%50.0%50.7%48.8%49.6%50.7%50.2%
—+3.4%+0.7%+5.3%+2.8%+2.9%+0.3%-1.5%+0.9%+4.1%+4.2%+6.9%-0.3%
Operating Margin29.5%28.5%28.4%31.1%30.8%26.9%28.6%29.7%28.3%24.5%27.6%29.9%27.3%
—+6.0%-0.6%+4.8%+8.9%+9.6%+3.6%-0.6%+3.6%+11.3%+12.6%+18.5%+4.2%
Net Margin22.4%21.1%21.6%23.7%23.0%22.2%22.8%24.1%22.2%19.3%21.4%22.6%20.7%
—-4.6%-5.1%-1.4%+3.7%+15.0%+6.5%+6.5%+7.2%+19.9%+18.3%+17.3%+3.1%

Return on Capital

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
ROE43.7%10.1%10.4%11.9%11.6%11.2%11.6%12.9%11.1%9.7%11.0%11.1%10.5%
—-9.8%-10.3%-7.7%+4.5%+15.6%+5.3%+16.6%+5.7%+9.1%+15.6%+10.2%+5.5%
ROA——4.0%4.3%4.2%4.2%4.2%4.7%4.2%3.6%3.9%3.8%3.6%
——-4.8%-7.7%+0.8%+16.3%+8.0%+22.5%+17.2%+24.1%+30.0%+21.3%+12.7%
ROIC35.4%8.5%7.2%8.2%8.2%6.9%7.2%8.1%7.5%6.2%6.9%7.2%6.9%
—+22.9%+0.5%+1.4%+8.7%+12.3%+4.8%+11.4%+8.2%+8.2%+17.7%+17.0%+9.6%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Debt / Equity——0.760.890.930.950.931.010.800.810.890.980.96
——-17.8%-11.6%+16.7%+17.3%+3.5%+2.6%-17.1%-25.3%-25.8%-19.6%-15.1%
Debt / EBITDA——4.994.434.755.234.834.694.294.434.494.945.42
——+3.4%-5.6%+10.5%+18.1%+7.5%-5.0%-20.7%-25.6%-30.3%-23.4%-21.5%
Current Ratio——2.302.112.953.371.631.601.802.683.373.373.55
——+41.7%+32.0%+63.7%+25.6%-51.8%-52.5%-49.3%-4.2%-10.2%-3.1%+9.4%
Quick Ratio——1.781.632.342.641.261.221.412.042.612.622.91
——+40.9%+33.4%+66.6%+29.1%-51.6%-53.3%-51.6%-11.9%-17.0%-8.8%+5.7%
Interest Coverage45.8942.7786.8045.1842.6634.6136.4344.2350.0211.5218.228.2410.09
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 46 years · Updated daily

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Frequently Asked Questions

What is Ferrari N.V.'s quarterly P/E ratio trend?

Ferrari N.V.'s current P/E is 35.9x. The average P/E over the last 4 quarters is 49.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Ferrari N.V.'s margins change by quarter?

Ferrari N.V.'s current operating margin is 29.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at RACE quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Ferrari N.V.'s business trajectory between earnings reports.

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