Last 45 quarters of trend data · Consumer Cyclical · Auto - Manufacturers
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 52.4% YoY to 14.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 33.98 | 43.17 | 56.68 | 51.55 | 46.51 | 49.86 | 56.50 | 44.58 | 55.89 | 52.23 | 40.60 | 44.19 | 41.81 |
| — | -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 Ratio | 7.52 | 9.14 | 12.25 | 12.25 | 10.69 | 10.98 | 12.85 | 10.75 | 12.42 | 10.05 | 8.68 | 10.03 | 8.63 |
| — | -16.7% | -4.7% | +14.0% | -13.9% | +9.3% | +48.1% | +7.2% | +43.9% | +40.8% | +28.2% | +54.0% | +2.1% | |
| P/B Ratio | 13.87 | 16.83 | 22.89 | 24.68 | 21.41 | 21.52 | 25.28 | 23.69 | 23.99 | 19.94 | 17.83 | 19.84 | 16.21 |
| — | -21.8% | -9.4% | +4.2% | -10.7% | +7.9% | +41.8% | +19.4% | +48.0% | +32.9% | +24.4% | +40.0% | +4.6% | |
| P/FCF | 20.22 | 11.72 | 45.77 | 140.40 | 30.71 | 87.45 | 43.46 | 388.63 | 63.44 | 72.26 | 45.21 | 153.84 | 50.63 |
| — | -86.6% | +5.3% | -63.9% | -51.6% | +21.0% | -3.9% | +152.6% | +25.3% | -9.8% | +9.6% | +89.4% | +42.5% | |
| EV / EBITDA | 23.03 | 14.47 | 38.17 | 31.29 | 27.75 | 30.39 | 33.57 | 28.27 | 32.73 | 27.98 | 23.06 | 25.69 | 23.40 |
| — | -52.4% | +13.7% | +10.7% | -15.2% | +8.6% | +45.6% | +10.1% | +39.9% | +30.5% | +15.3% | +30.9% | -3.7% | |
| EV / EBIT | 26.14 | 33.21 | 44.43 | 40.22 | 36.19 | 40.25 | 45.19 | 36.23 | 44.65 | 39.37 | 30.85 | 31.64 | 30.34 |
| — | -17.5% | -1.7% | +11.0% | -18.9% | +2.3% | +46.5% | +14.5% | +47.2% | +8.9% | +13.1% | +25.0% | -5.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Ferrari N.V.'s operating margin was 27.8% in Q4 2025, down 0.6 pp QoQ and up 1.0 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 29.5% 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.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.7% | 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 Margin | 29.5% | 27.8% | 28.4% | 31.1% | 30.8% | 26.9% | 28.6% | 29.7% | 28.3% | 24.5% | 27.6% | 29.9% | 27.3% |
| — | +3.6% | -0.6% | +4.8% | +8.9% | +9.6% | +3.6% | -0.6% | +3.6% | +11.3% | +12.6% | +18.5% | +4.2% | |
| Net Margin | 22.3% | 21.1% | 21.6% | 23.7% | 23.0% | 22.2% | 22.8% | 24.1% | 22.2% | 19.3% | 21.4% | 22.6% | 20.7% |
| — | -4.9% | -5.1% | -1.4% | +3.7% | +15.0% | +6.5% | +6.5% | +7.2% | +19.9% | +18.3% | +17.3% | +3.1% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 42.8% | 9.9% | 10.4% | 11.9% | 11.6% | 11.2% | 11.6% | 12.9% | 11.1% | 9.7% | 11.0% | 11.1% | 10.5% |
| — | -11.7% | -10.3% | -7.7% | +4.5% | +15.6% | +5.3% | +16.6% | +5.7% | +9.1% | +15.6% | +10.2% | +5.5% | |
| ROA | 16.7% | 4.0% | 4.0% | 4.3% | 4.2% | 4.2% | 4.2% | 4.7% | 4.2% | 3.6% | 3.9% | 3.8% | 3.6% |
| — | -4.5% | -4.8% | -7.7% | +0.8% | +16.3% | +8.0% | +22.5% | +17.2% | +24.1% | +30.0% | +21.3% | +12.7% | |
| ROIC | 30.2% | 7.1% | 7.2% | 8.2% | 8.2% | 6.9% | 7.2% | 8.1% | 7.5% | 6.2% | 6.9% | 7.2% | 6.9% |
| — | +2.5% | +0.5% | +1.4% | +8.7% | +12.3% | +4.8% | +11.4% | +8.2% | +8.2% | +17.7% | +17.0% | +9.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Ferrari N.V.'s Debt/EBITDA ratio is 2.5x, down from 5.0x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 40.0% YoY to 2.02x, tightening the short-term liquidity position. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.74 | 0.74 | 0.76 | 0.89 | 0.93 | 0.95 | 0.93 | 1.01 | 0.80 | 0.81 | 0.89 | 0.98 | 0.96 |
| — | -22.1% | -18.0% | -11.6% | +16.7% | +17.3% | +3.5% | +2.6% | -17.1% | -25.3% | -25.8% | -19.6% | -15.1% | |
| Debt / EBITDA | 1.20 | 2.48 | 4.98 | 4.43 | 4.75 | 5.23 | 4.83 | 4.69 | 4.29 | 4.43 | 4.49 | 4.94 | 5.42 |
| — | -52.6% | +3.2% | -5.6% | +10.5% | +18.1% | +7.5% | -5.0% | -20.7% | -25.6% | -30.3% | -23.4% | -21.5% | |
| Current Ratio | 2.02 | 2.02 | 1.84 | 1.68 | 2.95 | 3.37 | 1.63 | 1.60 | 1.80 | 2.68 | 3.37 | 3.37 | 3.55 |
| — | -40.0% | +13.4% | +5.1% | +63.7% | +25.6% | -51.8% | -52.5% | -49.3% | -4.2% | -10.2% | -3.1% | +9.4% | |
| Quick Ratio | 1.55 | 1.55 | 1.42 | 1.30 | 2.34 | 2.64 | 1.26 | 1.22 | 1.41 | 2.04 | 2.61 | 2.62 | 2.91 |
| — | -41.1% | +12.8% | +6.2% | +66.6% | +29.1% | -51.6% | -53.3% | -51.6% | -11.9% | -17.0% | -8.8% | +5.7% | |
| Interest Coverage | 51.14 | 93.79 | 47.01 | 45.06 | 41.67 | 35.91 | 36.93 | 45.28 | 50.00 | 12.27 | 19.14 | 9.00 | 10.81 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 45 years · Updated daily
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Quick answers to the most common questions about buying RACE stock.
Ferrari N.V.'s current P/E is 34.0x. 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.
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.
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.