Tesla, Inc.

Consumer Discretionary Automobile Manufacturers Austin, Texas Last filing Jan 29, 2026 · FY2025

                    Revenue
                    FY2025
                
$94.8B
                    3y CAGR +5.2%
                    
                    P53
                    
                    -2.9%
                    
                    Net income
                    FY2025
                
$3.8B
                    Net margin +4.0%
                    
                    P24
                    
                    -46.5%
                    
                    Total assets
                    FY2025
                
$137.8B
                    ROA +2.8%
                    
                    P25
                    
                    +12.9%
                    
                    Operating cash flow
                    FY2025
                
$14.7B
                    FCF margin +6.6%
                    
                    P23
                    
                    -1.2%

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 5 years

Total assets $137.8B

Total liabilities $54.9B

Shareholders equity $82.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	-1.5%	-2.8%	-3.4%	-7.5%	—
Short Term Investments	+280.8%	+438.2%	+884.5%	+4428.2%	—
Accounts Receivable	+24.4%	+32.2%	+35.4%	+54.3%	—
Inventory	+21.1%	+27.8%	+53.8%	+123.0%	—
Prepaid Expenses	+45.0%	+46.0%	+40.2%	+70.7%	—
Total Current Assets	+26.2%	+29.1%	+35.3%	+51.0%	—
Property,Plant and Equipment	+21.1%	+23.8%	+25.5%	+24.7%	—
Operating Lease Assets	+31.5%	+36.8%	+44.0%	+27.1%	—
Deferred Tax Assets	—	—	—	—	—
Other Noncurrent Assets	+15.5%	+18.7%	+17.8%	+19.2%	—
Total Assets	+22.0%	+25.2%	+31.0%	+32.5%	—
Liabilities
Accounts Payable	+7.5%	+7.6%	+20.0%	+52.2%	—
Accrued Liabilities	+23.4%	+23.3%	+26.0%	+43.5%	—
Deferred Revenue	+9.6%	+10.1%	+9.9%	-26.3%	—
Current Portion of Long Term Debt	+0.8%	+15.6%	+22.2%	-5.5%	—
Total Current Liabilities	+12.6%	+13.5%	+20.8%	+35.5%	—
Long Term Debt	+6.5%	+3.2%	-26.2%	-69.6%	—
Deferred Revenue Noncurrent	+15.3%	+17.4%	+25.9%	+36.6%	—
Other Noncurrent Liabilities	+38.0%	+43.6%	+51.6%	+50.3%	—
Total Liabilities	+15.8%	+16.6%	+18.7%	+19.3%	—
Equity
Preferred Stock	—	—	—	—	—
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+9.5%	+8.8%	+8.2%	+8.0%	—
Retained Earnings	+230.0%	+374.8%	+820.6%	+3816.4%	—
Accumulated Other Comprehensive Income	+60.8%	—	—	—	—
Total Stockholders Equity	+28.4%	+34.2%	+44.0%	+48.1%	—
Noncontrolling Interest	-5.1%	-5.2%	-5.8%	-5.0%	—
Temporary Equity and Other	-43.5%	-52.0%	-34.7%	-28.0%	—
Total Liabilitiesand Equity	+22.0%	+25.2%	+31.0%	+32.5%	—

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $94.8B

Operating income $4.4B

Net income $3.8B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+15.2%	+22.0%	+34.1%	+51.4%	—
Expenses Cost of Revenue	+17.9%	+25.9%	+40.3%	+50.7%	—
Other Income Expense Gross Profit	+5.9%	+8.6%	+13.9%	+53.3%	—
Expenses Research and Development	+25.4%	+20.5%	+23.7%	+18.6%	—
Expenses Selling,General and Administrative	+6.6%	+4.5%	+3.1%	-12.6%	—
Expenses Restructuring and Asset Impairment	—	—	—	—	—
Expenses Operating Expenses	+15.8%	+13.6%	+11.3%	+1.6%	—
Other Income Expense Operating Income	-9.6%	+2.7%	+16.7%	+109.4%	—
Other Income Expense Interest Income	+134.0%	+203.7%	+336.3%	+430.4%	—
Other Income Expense Interest Expense	-2.3%	-1.9%	-35.2%	-48.5%	—
Other Income Expense Other Income/expense	—	+72.7%	+12.9%	—	—
Other Income Expense Income Before Tax	-4.5%	+12.3%	+25.4%	+116.3%	—
Income Tax Income Tax Expense	+19.4%	+38.0%	—	+61.9%	—
net Income Other Items Below Tax	—	—	—	—	—
net Income net Income	-8.9%	+8.7%	+64.8%	+127.5%	—
net Income Comprehensive Income	-1.9%	+8.0%	+70.9%	+133.0%	—
Earnings Per Share Basic Eps	-10.9%	+6.0%	+59.0%	+115.0%	—
Earnings Per Share Diluted Eps	-9.8%	+7.8%	+62.4%	+122.1%	—
Earnings Per Share Weighted Average Shares Diluted	+1.0%	+1.1%	+1.5%	+2.6%	—

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $14.7B

Investing cash flow $-15.5B

Financing cash flow $1.1B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	-9.1%	+8.2%	+62.9%	+123.0%	—
Operating Activities Depreciation and Amortization	+20.6%	+22.6%	+26.6%	+28.7%	—
Operating Activities Stock Based Compensation	+7.4%	-2.0%	-7.6%	-26.4%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	-1.0%	-50.5%	—	—	—
Operating Activities Other Non Cash Items	+39.7%	—	+14.9%	+143.6%	—
Operating Activities net Cash From Operating Activities	+6.4%	+9.1%	+7.4%	+28.1%	—
Investing Activities Capital Expenditures	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	+224.5%	+371.5%	+577.7%	+252.2%	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	-10.9%	-13.5%	-33.5%	—	—
Financing Activities Repayment of Debt	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	+13.8%	+20.6%	-0.5%	-23.5%	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+18.0%	+17.9%	+18.2%	+25.6%	+25.3%
Operating margin	+4.6%	+7.2%	+9.2%	+16.8%	+12.1%
Net margin	+4.0%	+7.3%	+15.5%	+15.4%	+10.3%
FCF margin	+6.6%	+3.7%	+4.5%	+9.3%	+9.3%
Growth
Revenue CAGR (3y)	+5.2%	+22.0%	+45.3%	+49.1%	+35.9%
Returns
ROE	+4.6%	+9.7%	+23.9%	+28.1%	+18.3%
ROA	+2.8%	+5.8%	+14.1%	+15.2%	+8.9%
ROIC	+4.3%	+8.7%	+17.3%	+39.7%	+29.8%
Liquidity
Current ratio	2.16x	2.02x	1.73x	1.53x	1.38x
Quick ratio	0.66x	0.71x	0.69x	0.72x	0.99x
Leverage
D/E	0.67x	0.66x	0.69x	0.82x	1.01x
Interest coverage	12.88x	20.22x	56.99x	71.50x	17.58x
Efficiency
Asset turnover	0.69x	0.80x	0.91x	0.99x	0.87x
Cash conversion cycle	+13d	+14d	+10d	-1d	-26d

Valuation

Price against fundamentals

TSLA $422 · 2025-09-16 · 410d old · FY2025

Market cap $1.5T

P/E 392.06x

P/S 15.69x

P/B 18.11x

EV $1.5T

EV/EBITDA —

FCF yield +0.4%

Dividend yield —

Notes

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