Despite success, championship contenders miss out on top-valued teams list

For the first time, the business magazine’s annual ranking included Formula 1 teams.

On the list, Ferrari ranked highest among the teams representing the competition despite a difficult season on track for the Scuderia. The Italian team did not score a single Grand Prix victory. Lewis Hamilton also failed to secure a Grand Prix podium, despite winning the team’s first Sprint at the Chinese GP.

Ferrari finished 26th in the rankings, valued at $6.5 billion (£4.8 billion), tied with the Pittsburgh Steelers from the NFL.

The second team that made the list was Mercedes. The German team ranked 34th on the list and was valued at $6 billion (£4.4 billion) after finishing second in the constructors’ standings in 2025, and George Russell claimed two victories in Canada and Singapore. They were tied with the Los Angeles Chargers.

Earlier this year, team boss Toto Wolff also sold a percentage of his stake in the team to CrowdStrike founder and CEO George Kurtz.

The contenders for this year's Formula 1 titles are not on the list. Constructors' champions McLaren is missing, together with Max Verstappen's team, Red Bull Racing.

Still, neither Formula 1 team came close to the top of the rankings. The list is led by NFL team Dallas Cowboys, valued at $13 billion (£9.6 billion), more than Ferrari and Mercedes combined.

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