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Side-by-side financial comparison of Ford Motor Company (F) and Valero Energy (VLO). Click either name above to swap in a different company.
Ford Motor Company is the larger business by last-quarter revenue ($45.9B vs $30.4B, roughly 1.5× Valero Energy). Valero Energy runs the higher net margin — 3.7% vs -24.1%, a 27.8% gap on every dollar of revenue. On growth, Valero Energy posted the faster year-over-year revenue change (-1.2% vs -4.8%). Over the past eight quarters, Ford Motor Company's revenue compounded faster (3.6% CAGR vs -2.2%).
The Ford Motor Company is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln brand. The company is listed on the New York Stock Exchange under the single-letter ticker symbol F and is controlled by the Ford family.
Valero Energy Corporation is an American-based fuels producer mostly involved in manufacturing and marketing transportation fuels and other related products. It is headquartered in San Antonio, Texas, United States. Throughout the United States, Canada, and the United Kingdom, the company owns and operates 15 refineries with a combined throughput capacity of approximately 3.2 million barrels per day, two renewable diesel plants that produce approximately 1.
F vs VLO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.9B | $30.4B |
| Net Profit | $-11.1B | $1.1B |
| Gross Margin | -12.5% | 6.3% |
| Operating Margin | -25.2% | 5.2% |
| Net Margin | -24.1% | 3.7% |
| Revenue YoY | -4.8% | -1.2% |
| Net Profit YoY | -706.0% | 303.6% |
| EPS (diluted) | $-2.77 | $3.66 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $45.9B | $30.4B | ||
| Q3 25 | $50.5B | $32.2B | ||
| Q2 25 | $50.2B | $29.9B | ||
| Q1 25 | $40.7B | $30.3B | ||
| Q4 24 | $48.2B | $30.8B | ||
| Q3 24 | $46.2B | $32.9B | ||
| Q2 24 | $47.8B | $34.5B | ||
| Q1 24 | $42.8B | $31.8B |
| Q4 25 | $-11.1B | $1.1B | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $-36.0M | $714.0M | ||
| Q1 25 | $471.0M | $-595.0M | ||
| Q4 24 | $1.8B | $281.0M | ||
| Q3 24 | $892.0M | $364.0M | ||
| Q2 24 | $1.8B | $880.0M | ||
| Q1 24 | $1.3B | $1.2B |
| Q4 25 | -12.5% | 6.3% | ||
| Q3 25 | 14.1% | 5.5% | ||
| Q2 25 | 11.8% | 4.2% | ||
| Q1 25 | 13.5% | 1.7% | ||
| Q4 24 | 14.3% | 2.0% | ||
| Q3 24 | 13.0% | 2.3% | ||
| Q2 24 | 15.3% | 4.2% | ||
| Q1 24 | 14.7% | 6.2% |
| Q4 25 | -25.2% | 5.2% | ||
| Q3 25 | 3.1% | 4.7% | ||
| Q2 25 | 1.0% | 3.3% | ||
| Q1 25 | 0.8% | -3.0% | ||
| Q4 24 | 2.6% | 1.1% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 3.9% | 3.5% | ||
| Q1 24 | 2.9% | 5.3% |
| Q4 25 | -24.1% | 3.7% | ||
| Q3 25 | 4.8% | 3.4% | ||
| Q2 25 | -0.1% | 2.4% | ||
| Q1 25 | 1.2% | -2.0% | ||
| Q4 24 | 3.8% | 0.9% | ||
| Q3 24 | 1.9% | 1.1% | ||
| Q2 24 | 3.8% | 2.6% | ||
| Q1 24 | 3.1% | 3.9% |
| Q4 25 | $-2.77 | $3.66 | ||
| Q3 25 | $0.60 | $3.53 | ||
| Q2 25 | $-0.01 | $2.28 | ||
| Q1 25 | $0.12 | $-1.90 | ||
| Q4 24 | $0.45 | $0.98 | ||
| Q3 24 | $0.22 | $1.14 | ||
| Q2 24 | $0.46 | $2.71 | ||
| Q1 24 | $0.33 | $3.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $38.5B | $4.7B |
| Total DebtLower is stronger | — | $9.7B |
| Stockholders' EquityBook value | $36.0B | $23.7B |
| Total Assets | $289.2B | $58.0B |
| Debt / EquityLower = less leverage | — | 0.41× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.5B | $4.7B | ||
| Q3 25 | $42.2B | $4.8B | ||
| Q2 25 | $37.5B | $4.5B | ||
| Q1 25 | $35.2B | $4.6B | ||
| Q4 24 | $38.3B | $4.7B | ||
| Q3 24 | $36.9B | $5.2B | ||
| Q2 24 | $34.6B | $5.2B | ||
| Q1 24 | $34.5B | $4.9B |
| Q4 25 | — | $9.7B | ||
| Q3 25 | — | $9.7B | ||
| Q2 25 | — | $10.3B | ||
| Q1 25 | — | $10.3B | ||
| Q4 24 | — | $9.7B | ||
| Q3 24 | — | $9.8B | ||
| Q2 24 | — | $9.7B | ||
| Q1 24 | — | $10.0B |
| Q4 25 | $36.0B | $23.7B | ||
| Q3 25 | $47.4B | $23.8B | ||
| Q2 25 | $45.1B | $24.1B | ||
| Q1 25 | $44.6B | $23.5B | ||
| Q4 24 | $44.8B | $24.5B | ||
| Q3 24 | $44.3B | $25.3B | ||
| Q2 24 | $43.6B | $25.4B | ||
| Q1 24 | $42.9B | $26.1B |
| Q4 25 | $289.2B | $58.0B | ||
| Q3 25 | $301.0B | $58.6B | ||
| Q2 25 | $292.7B | $59.4B | ||
| Q1 25 | $284.5B | $59.2B | ||
| Q4 24 | $285.2B | $60.1B | ||
| Q3 24 | $287.0B | $60.4B | ||
| Q2 24 | $276.6B | $63.6B | ||
| Q1 24 | $274.3B | $62.6B |
| Q4 25 | — | 0.41× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.39× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.9B | $2.1B |
| Free Cash FlowOCF − Capex | $1.1B | — |
| FCF MarginFCF / Revenue | 2.4% | — |
| Capex IntensityCapex / Revenue | 6.1% | — |
| Cash ConversionOCF / Net Profit | — | 1.81× |
| TTM Free Cash FlowTrailing 4 quarters | $12.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.9B | $2.1B | ||
| Q3 25 | $7.4B | $1.9B | ||
| Q2 25 | $6.3B | $936.0M | ||
| Q1 25 | $3.7B | $952.0M | ||
| Q4 24 | $3.0B | $1.1B | ||
| Q3 24 | $5.5B | $1.3B | ||
| Q2 24 | $5.5B | $2.5B | ||
| Q1 24 | $1.4B | $1.8B |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $5.3B | $1.5B | ||
| Q2 25 | $4.2B | $529.0M | ||
| Q1 25 | $1.9B | $293.0M | ||
| Q4 24 | $530.0M | $523.0M | ||
| Q3 24 | $3.5B | $866.0M | ||
| Q2 24 | $3.4B | $2.1B | ||
| Q1 24 | $-709.0M | $1.2B |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 10.4% | 4.6% | ||
| Q2 25 | 8.4% | 1.8% | ||
| Q1 25 | 4.6% | 1.0% | ||
| Q4 24 | 1.1% | 1.7% | ||
| Q3 24 | 7.6% | 2.6% | ||
| Q2 24 | 7.1% | 5.9% | ||
| Q1 24 | -1.7% | 3.7% |
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.2% | 1.3% | ||
| Q2 25 | 4.2% | 1.4% | ||
| Q1 25 | 4.5% | 2.2% | ||
| Q4 24 | 5.2% | 1.8% | ||
| Q3 24 | 4.3% | 1.3% | ||
| Q2 24 | 4.4% | 1.2% | ||
| Q1 24 | 4.9% | 2.1% |
| Q4 25 | — | 1.81× | ||
| Q3 25 | 3.02× | 1.72× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | 7.81× | — | ||
| Q4 24 | 1.66× | 3.81× | ||
| Q3 24 | 6.17× | 3.56× | ||
| Q2 24 | 3.01× | 2.81× | ||
| Q1 24 | 1.04× | 1.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
F
| Ford Blue | $26.2B | 57% |
| Ford Pro | $14.9B | 33% |
| Financingincome | $2.1B | 5% |
| Ford Model E | $1.3B | 3% |
| Service And Other Revenue | $917.0M | 2% |
| Extended Service Contracts | $455.0M | 1% |
| Leasingincome | $79.0M | 0% |
| Insuranceincome | $44.0M | 0% |
VLO
| Distillates | $14.3B | 47% |
| Gasoline And Blendstocks | $12.5B | 41% |
| Manufactured Product Other | $1.8B | 6% |
| Ethanol Product | $784.0M | 3% |
| Renewable Diesel Product | $589.0M | 2% |
| Distillers Grains | $194.0M | 1% |
| Neat SAF | $118.0M | 0% |
| Renewable Naphtha Product | $24.0M | 0% |
