Ferrari N.V.

RACE

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
6,677
Cost of Revenue
3,329
Gross Profit
3,347
Gross Margin
50.1%
Operating Income
1,892
Operating Margin
28.3%
Net Income
1,522
Net Margin
22.8%
EPS (Basic)
$8.47
EPS (Diluted)
$8.46
EBITDA
2,594
EBITDA Margin
38.9%

2023

12/31/2023

Revenue
5,970
Cost of Revenue
2,996
Gross Profit
2,974
Gross Margin
49.8%
Operating Income
1,630
Operating Margin
27.3%
Net Income
1,252
Net Margin
21.0%
EPS (Basic)
$6.91
EPS (Diluted)
$6.90
EBITDA
2,295
EBITDA Margin
38.4%

2022

12/31/2022

Revenue
5,095
Cost of Revenue
2,649
Gross Profit
2,446
Gross Margin
48.0%
Operating Income
1,243
Operating Margin
24.4%
Net Income
933
Net Margin
18.3%
EPS (Basic)
$5.10
EPS (Diluted)
$5.09
EBITDA
1,772
EBITDA Margin
34.8%

2021

12/31/2021

Revenue
4,271
Cost of Revenue
2,081
Gross Profit
2,190
Gross Margin
51.3%
Operating Income
1,074
Operating Margin
25.2%
Net Income
831
Net Margin
19.5%
EPS (Basic)
$4.50
EPS (Diluted)
$4.50
EBITDA
1,530
EBITDA Margin
35.8%

2020

12/31/2020

Revenue
3,460
Cost of Revenue
1,686
Gross Profit
1,773
Gross Margin
51.3%
Operating Income
730
Operating Margin
21.1%
Net Income
608
Net Margin
17.6%
EPS (Basic)
$3.29
EPS (Diluted)
$3.28
EBITDA
1,139
EBITDA Margin
32.9%