In the latest data point for Q1'26, Ford (F) reported a Gross Margin of 11.9%, an Operating Margin of 5.38%, and a Net Profit Margin of 5.9%. This represents a significant recovery across all profitability metrics compared to the substantial losses recorded in the previous quarter. From Q2'23 to Q1'26, the company's profit margins exhibited high volatility, characterized by sharp declines at the end of each fiscal year. The most notable downturn occurred in Q4'25, where Gross Margin plummeted to -18.7% and Net Profit Margin dropped to -24.1%, likely reflecting significant year-end adjustments or non-recurring costs. Despite these periodic fluctuations, the Q1'26 results demonstrate a strong rebound, with all three margins reaching or exceeding their Q2'23 levels, indicating a return to operational stability.