Ford Motor Company (F) reported strong financial performance for Q4 2024, with consolidated revenues reaching $184.992 billion, an increase from $176.191 billion in 2023. This growth was driven by higher sales in vehicles, parts, and accessories, which accounted for $167.218 billion of the total revenue, up from $161.052 billion in 2023. The company also saw an increase in financing income, which rose to $7.819 billion from $5.980 billion in the prior year.

Net income attributable to Ford Motor Company for 2024 was $5.879 billion, a significant improvement from $4.347 billion in 2023. This was supported by a consolidated operating income of $5.219 billion and a net income margin of approximately 3.2%. The company also achieved an adjusted EBIT of $10.208 billion, reflecting its operational efficiency and cost management efforts.

Ford's EBIT margin improved to 13.5% in 2024, up from 12.4% in 2023, driven by higher revenues and cost efficiencies. The company reported an EBIT of $9.015 billion for the year, an increase of $1.793 billion compared to 2023. This improvement highlights Ford's ability to enhance profitability despite challenges in the automotive industry.

Ford's cash flow from operating activities reached $15.423 billion in 2024, up from $14.918 billion in 2023. This increase was driven by higher net income and improved working capital management. However, the company reported a negative cash flow from investing activities of $24.370 billion, reflecting significant capital spending of $8.684 billion and acquisitions of finance receivables and operating leases.

Ford's liquidity position remained robust at $46.7 billion as of December 31, 2024, with company cash totaling $28.5 billion. This strong liquidity ensures the company is well-prepared to navigate potential economic uncertainties and invest in future growth opportunities.

Ford's global market share in key regions showed mixed results in 2024. In the United States, market share increased slightly to 12.6% from 12.4% in 2023, supported by higher sales volumes. However, in China, market share declined to 1.6% from 1.8% in 2023, reflecting competitive pressures in the region. The company also saw improvements in Canada and Australia, with market shares rising to 14.7% and 8.2%, respectively.

Ford's capital spending increased to $8.6 billion in 2024, up from $8.2 billion in 2023. This reflects the company's continued investments in new products, technologies, and manufacturing capabilities to support its long-term growth strategy.

Ford Credit contributed significantly to the company's financial performance in 2024, with revenues of $12.286 billion and an operating income of $1.234 billion. This segment's strong performance underscores its importance as a key driver of profitability for the company.

Ford's adjusted effective tax rate for 2024 was 18.3%, compared to 10.0% in 2023. This increase reflects changes in the company's tax structure and higher pre-tax income. The provision for income taxes amounted to $1.339 billion for the year.

Ford's wholesale units increased to 1.503 million in 2024, up from 1.377 million in 2023, reflecting strong demand for its vehicles. This growth was particularly notable in the United States and Canada, where the company capitalized on its competitive product offerings.