Ranked: The Value of Formula One Teams in 2023 🏎️

What we’re showing

The estimated value of Formula 1 teams as of 2023, according to Forbes estimates.

Key takeaway

The majority of F1 teams are worth over $1 billion, with the entire grid worth a combined $18.8B.

Context

• F1 team values have exploded in recent years as the sport experiences strong growth in the U.S., partly due to the popular Netflix series, Drive to Survive.
• Average team revenue has grown from $220M in 2018, to $380M in 2023.
• Team revenues have grown thanks to a cost cap introduced in 2021, correcting the previous trend of teams operating at a loss due to extremely high R&D spending.