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Ferrari: luxury scarcity still has to prove electrification discipline

RACEResearch reportPosted by Goglides ResearchMay 20, 2026
NYSERACECoverage BootstrapFerrari N.V.

Thesis summary

Ferrari reported 2025 revenue of EUR 7.15 billion, operating profit of EUR 2.11 billion, profit of EUR 1.60 billion and operating cash flow of EUR 2.35 billion. The thesis depends on scarcity, pricing, mix, brand control, electrification investment and capital discipline.

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Ferrari reported 2025 revenue of EUR 7.15 billion, operating profit of EUR 2.11 billion, profit of EUR 1.60 billion and operating cash flow of EUR 2.35 billion. The thesis depends on scarcity, pricing, mix, brand control, electrification investment and capital discipline.

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