RACE
Ferrari N.V.
RACE's fundamentals are strong: it turned 40% of its revenue into free cash flow and free cash flow about doubled. Its PE isn't a useful guide right now because of how its recent earnings were reported.
RACE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Healthy |
RACE's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
RACE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 38x | $394 | -2.8% |
| Current | 40x | $405 | — |
| Fair | 48x | $490 | +21% |
| Expensive | 55x | $567 | +40% |
Historical ranges are pointers, not guarantees.
RACE's PE is 40x, but its earnings don't support one, so it isn't a reliable read right now.
RACE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for RACE, with profitability improving.
RACE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $10.25 | +3.7% |
| Q1 2026 | $10.00 | +2.2% |
| Q4 2025 | $9.95 | +6% |
| Q3 2025 | $9.94 | +13% |
| Q2 2025 | $9.88 | +16% |
| Q1 2025 | $9.78 | +22% |
| Q4 2024 | $9.39 | +22% |
| Q3 2024 | $8.82 | +22% |
RACE's earnings per share have climbed steadily: $10.25 over the past year, up 3.7% from the year before, and higher year over year for 21 quarters in a row.
RACE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.1B | +8.2% |
| Q1 2026 | $2.1B | +3.2% |
| Q4 2025 | $2B | +3.8% |
| Q3 2025 | $2B | +7.4% |
| Q2 2025 | $2B | +4.4% |
| Q1 2025 | $2B | +13% |
| Q4 2024 | $1.9B | +14% |
| Q3 2024 | $1.8B | +6.5% |
RACE's revenue has grown year over year for 23 quarters in a row: $2.1B last quarter, up 8.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 32% | +0.6 points |
| Q1 2026 | 30% | -0.9 points |
| Q4 2025 | 28% | +1.4 points |
| Q3 2025 | 28% | -0.2 points |
| Q2 2025 | 31% | +1.4 points |
| Q1 2025 | 31% | +2.5 points |
| Q4 2024 | 27% | +2.4 points |
| Q3 2024 | 29% | +1 points |
RACE's operating margin was 32% last quarter, up 0.6 points from the same quarter a year ago, near the top of its range since 2019.
RACE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $366.1M | +111% |
| Q1 2026 | $812.8M | +17% |
| Q4 2025 | $1.6B | +545% |
| Q3 2025 | $525.1M | -2.8% |
| Q2 2025 | $173.2M | +229% |
| Q1 2025 | $692.2M | +101% |
| Q4 2024 | $242.1M | +2.9% |
| Q3 2024 | $540.3M | +64% |
RACE generated $3.3B in free cash flow over the past year, up 98% from the year before.
RACE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -891K shares |
| 1 year | -1.1% | -2M shares |
| 3 years | -2.9% | -5.3M shares |
| 5 years | -4.6% | -8.6M shares |
| Available history | -5.8% | -10.9M shares |
RACE has 176M diluted shares, down 1.1% from a year ago, with $1.5B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $231.8M |
| Q1 2026 | $251.8M |
| Q4 2025 | $872.4M |
| Q3 2025 | $147.1M |
| Q2 2025 | — |
| Q1 2025 | $470.7M |
| Q4 2024 | $167.2M |
| Q3 2024 | $163.1M |
RACE spent $1.5B buying back its own shares over the past year, up 88% from the year before.
RACE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
| Q3 2024 | 0.6x | Very low |
RACE's net debt is less than a year of its operating earnings (EBITDA).
RACE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.4 | Neutral |
| Stochastic | 47.3 | Neutral |
RACE's weekly RSI is 54 (neutral) and its Stochastic is 47 (neutral).
RACE PE vs Consumer Cyclical Sector
| Metric | RACE | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 18x | 119% above |
| PE % | 21 | 47 | 26 pts below |
RACE is trading at 40x earnings, a 119% premium to the Consumer Cyclical sector's median of 18x, though its earnings don't support one.
RACE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $399.8 | 1.4% above |
| 20 week MA | $400.3 | 1.3% above |
| 50 week MA | $372.0 | 9% above |
| 100 week MA | $412.7 | 1.7% below |
| 200 week MA | $388.6 | 4.3% above |
RACE's trend is mixed: it's above four of its five weekly moving averages, and 4.3% above its 200-week average.
RACE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $168.7 | $225.5 | +34% |
| 2021 | $225.5 | $253.5 | +12% |
| 2022 | $253.5 | $211.0 | -17% |
| 2023 | $211.0 | $338.4 | +60% |
| 2024 | $338.4 | $432.2 | +28% |
| 2025 | $432.2 | $378.1 | -13% |
| 2026 YTD | $378.1 | $405.5 | +7.2% |
RACE has finished higher in four of the last six years. It's up 7.2% so far in 2026.