Haas F1 Team Net-Worth and Financial Growth in 2024
Formula One teams have seen remarkable growth in their valuations, with all teams now worth more than US$1 billion. According to Sportico’s latest rankings, the average team valuation in 2024 has reached US$2.31 billion. Leading the pack is Ferrari, valued at US$4.78 billion, followed by Mercedes at US$3.94 billion and Red Bull at US$3.5 billion.
Haas F1 Net-Worth
Haas, one of the smaller teams on the grid, is valued at US$1.02 billion. This places them near the bottom of the team rankings, alongside other smaller teams like Sauber, RB, and Williams. Despite being one of the lower-ranked teams in terms of valuation, Haas represents the continued growth and commercial success of F1 as a whole. The smaller teams, which include Haas, have seen significant improvements in their financial status in recent years, largely due to the sport’s successful financial restructuring and the introduction of a budget cap.
F1’s Commercial Growth and Financial Stability
In 2023, the average revenue for F1 teams was US$376.2 million, with almost all teams, except for Haas and Williams, generating operating profits. This reflects the general growth and increasing commercial success of Formula One. The introduction of the budget cap has also played a crucial role in ensuring that smaller teams like Haas can compete financially with larger teams. The budget cap has provided financial stability and allowed teams to grow at a steady pace, despite the challenges of competing against larger manufacturers.
Comparing Team Valuations and Growth
Aston Martin, for example, has seen a dramatic 82 percent increase in its valuation this year, making it one of the most significant success stories in terms of financial growth. On the other hand, Red Bull had the smallest increase at 35 percent. This diverse range of growth percentages highlights how Formula One’s commercial model is evolving and how financial management has contributed to the sport’s general success.
Haas F1, with its US$1.02 billion valuation, is part of a broader trend of rising team values and financial growth across Formula One, driven by commercial success, the budget cap, and increasing team revenue.
