The 11 teams in Formula 1 have a combined enterprise value of $50 billion, according to data compiled by Sportico. Scuderia Ferrari is the most valuable team at $8.2 billion, while Cadillac ranks last at $2.7 billion.
Sportico calculated these enterprise values based on team revenues. The methodology relied on publicly available financial statements from annual reports, Companies House in the U.K. and the Italian Business Register. Estimates were used when detailed information was unavailable.
Interviews with sports bankers, attorneys and investors familiar with F1 team finances contributed to the analysis. Executives and owners from seven teams also provided input; their candor was exchanged for anonymity. Multiple teams and industry experts vetted this information.
Team revenues are reported net of value-added and other sales taxes. These revenues primarily stem from sponsorships and prize money distributions from Formula 1. Operating profit reflects earnings before interest and taxes.
Most teams maintain at least two dozen sponsorship partners. Annual deal values for these partnerships range from $1 million to more than $70 million for major title sponsorships. Oracle serves as a title sponsor for Red Bull, and Petronas holds a similar role with Mercedes.
Sponsorship revenue has surged for certain teams as the sport's popularity grows. Aston Martin's sponsorship revenue increased more than 1,000 percent since Lawrence Stroll acquired the team in 2018.
Formula 1 itself generates revenue through race promotion fees, media rights, sponsorship fees and ancillary sources. These ancillary sources include Paddock Club ticket sales and the shipping of cars and equipment outside Europe.
F1 distributes a portion of its revenue to the teams. In 2025, this distribution accounted for 34 percent of its total revenue. This allocation follows a formula outlined in the Concorde Agreement, a contract between the International Automobile Federation (FIA), Formula 1 Group and the F1 teams.
Teams shared total prize money payments of $1.4 billion in 2025, an increase from $1.27 billion the previous year. The distributions consider a team's finish in the Constructors standings from the prior year and Formula 1's current year revenue. The Concorde Agreement signed in 2020 covered seasons from 2021 to 2025, marking the first under Liberty Media's ownership of F1. A new agreement took effect this year.
Title-winning teams and those finishing in the top three over the past decade qualify for additional payments. Ferrari receives an extra bonus, amounting to tens of millions of dollars, in recognition of its historical significance to the sport. Chase Carey, then-Formula 1 CEO, said in 2020 that Ferrari and Formula 1 have been linked since 1950, and this relationship is integral to the sport's DNA.
Teams also generate additional revenue from licensing, merchandise and related business ventures, such as Mercedes Applied Sciences. All revenue and profit figures are displayed in U.S. dollars. The average daily exchange rate during the 2025 fiscal year was used: 1 pound equaled $1.32 for U.K. teams, and 1 euro equaled $1.13 for teams in Europe.
