Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ferrari NV's retained earnings for the quarter that ended in Mar. 2026 was $4,644 Mil.
Ferrari NV's quarterly retained earnings
increased
from Sep. 2025 ($4,307 Mil) to Dec. 2025 ($4,478 Mil) and
increased
from Dec. 2025 ($4,478 Mil) to Mar. 2026 ($4,644 Mil).
Ferrari NV's annual retained earnings
increased
from Dec. 2023 ($3,264 Mil) to Dec. 2024 ($3,684 Mil) and
increased
from Dec. 2024 ($3,684 Mil) to Dec. 2025 ($4,478 Mil).
Ferrari NV (NYSE:RACE) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Ferrari NV Retained Earnings Historical Data
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The historical data trend for Ferrari NV's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Ferrari NV (RACE) has a Retained Earnings of $4,644 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Ferrari NV and its competitors.
Is Ferrari NV's Retained Earnings too high?
Ferrari NV's current Retained Earnings is $4,644 Mil. Overall, Ferrari NV has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ferrari NV's Retained Earnings compare to TSLA and GM?
Ferrari NV's Retained Earnings of $4,644 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Vehicles & Parts company?
A good Retained Earnings depends on the Vehicles & Parts industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Ferrari NV and its competitors. Ferrari NV's current Retained Earnings is $4,644 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferrari NV stock overvalued right now?
Based on GuruFocus' analysis, Ferrari NV (RACE) is currently considered Modestly Undervalued. The stock's GF Value™ is $488.23, compared to a current price of $384.97 — trading 21.1% below its estimated fair value. The current Retained Earnings is $4,644 Mil. Ferrari NV's overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Ferrari NV (RACE), the current Retained Earnings is $4,644 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ferrari NV (RACE) Overvalued in 2026?
Based on GuruFocus' analysis, Ferrari NV stock appears to be undervalued.
The current stock price of $384.97 is trading 21.1% below its estimated GF Value™ of $488.23.
GuruFocus considers Ferrari NV to be Modestly Undervalued.
Key valuation signals for RACE:
Retained Earnings: $4,644 Mil
GF Value™: $488.23 vs. price of $384.97 (21.1% below fair value)
No single metric tells the full story. See the RACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ferrari designs, engineers, and manufactures some of the world's most expensive luxury cars. With supply carefully controlled to be below demand and a brand steeped in decades of motor racing history, a Ferrari is viewed as a status symbol. In 2025, the company sold 13,640 vehicles at an average price over EUR 520,000 with more than 80% of its vehicles being sold to existing Ferrari clients. Eighty-four percent of revenue is generated from the sale of cars and spare parts and 10% from sponsorship, commercial, and brand activities including racing and lifestyle activities. In 2025, the Europe, Middle East, and Africa region accounted for 49% of revenue, the Americas was 32%, mainland China, Hong Kong, and Taiwan was 7%, and the rest of Asia was 12%.
94GF Score
Get the complete analysis for RACE
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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