Ferrari earns five times more than Tesla in net profit per employee and 48 times more than BYD

In light of Ferrari’s record-breaking revenues for 2024 and its positive forecast for the next fiscal year despite tariffs, I am reaching out with a comprehensive report, highlighting the companies generating the highest revenue and net profit per employee.

Ferrari recently made headlines with the unveiling of its new 296 Speciale hybrid models, priced at €407,000 for the coupe and €462,000 for the convertible in Italy, with U.S. prices expected to be higher due to tariffs. However, the luxury sports car maker is expecting an EBITDA of at least €2.68 billion ($3.04 billion) and EBITDA margin of 38.3% or more.

Highlighting Ferrari’s success, BestBrokers‘ latest report explores the automotive industry’s net profit per employee for the 2024 fiscal year.

According to their calculations, Ferrari generates $291,403 in net profit per employee, nearly 3.5 times more than Toyota, 5 times more than Tesla, and a staggering 48 times more than BYD. In 2024, Ferrari generated record-breaking earnings, achieved a 21% increase in net profit, and exceeded all annual targets.

In 2024, Ferrari sold over 13,752 units and generated a record-breaking profit of $1.58 billion (€1.52 billion), over 21% more than it generated in 2023 (€1.26 billion). With its 5,435 employees, it makes $291,403 of net profit per employee.

Ferrari generates $1 million in net profit every 5 hours, equating to $180,303 per hour and $4,327,262 per day.

Toyota ranks second in net profit per employee, generating $85,268 per capita, despite its significantly larger annual net profit of $32.47 billion for the fiscal year 2024. This performance is due to its workforce of 380,793 employees, which is over 70 times larger than Ferrari’s.

Tesla earns 5 times less in profit per employee than Ferrari, ranking third with $56,428, followed by O’Reilly Automotive with $25,650 per employee.

The Chinese company BYD ranks last with just $6,123 of net profit per employee, 48 times less than Ferrari, despite having a significantly larger annual net profit than both Ferrari and O’Reilly Automotive.

Toyota leads the automotive sector in time efficiency, generating $1 million in net profit every 16 minutes and 14 seconds. Tesla follows in second place, taking 1 hour and 14 minutes, while BYD ranks third with 1 hour and 35 minutes.

Ferrari’s net profit per employee surpasses Tesla’s by 3.5 times, despite both companies focusing on innovation. This high profit per employee is a direct result of Ferrari’s strategy, which emphasises exclusivity, premium pricing, and a small workforce. The larger workforce and higher annual profits of companies like BYD highlight that scale does not always guarantee efficiency or profitability.

The figures from the report show that even larger companies like Tesla struggle to match the efficiency of smaller, more specialised firms like Ferrari. However, despite generating less profit per employee, companies like Toyota excel at generating the most revenue in the shortest amount of time, raising the question of which metric is more significant: the time needed to generate profit or the profit achieved per employee.