Tesla, Inc.

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

                    Revenue
                    FY2025
                
$94.8B
                    3y CAGR +5.2%
                    
                    P51
                    
                    -2.9%
                    
                    Net income
                    FY2025
                
$3.8B
                    Net margin +4.0%
                    
                    P22
                    
                    -46.5%
                    
                    Total assets
                    FY2025
                
$137.8B
                    ROA +2.8%
                    
                    P22
                    
                    +12.9%
                    
                    Operating cash flow
                    FY2025
                
$14.7B
                    FCF margin +6.6%
                    
                    P23
                    
                    -1.2%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

36 accounts · 3 years

Total assets $137.8B

Total liabilities $54.9B

Shareholders equity $82.1B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	17.4%	16.5%	16.9%
Short Term Investments	29.0%	20.9%	13.1%
Accounts Receivable	4.8%	4.5%	3.6%
Inventory	13.1%	12.3%	14.1%
Prepaid Expenses	8.0%	5.5%	3.5%
Other Current Assets	8.0%	5.5%	3.5%
Total Current Assets	72.4%	59.7%	51.3%
Property,Plant and Equipment	42.9%	36.7%	30.7%
Operating Lease Assets	6.4%	5.3%	4.3%
Goodwill	0.0%	0.2%	0.3%
Intangible Assets	0.0%	0.2%	0.2%
Long Term Investments	29.0%	20.9%	13.1%
Deferred Tax Assets	7.3%	6.7%	7.0%
Other Noncurrent Assets	5.3%	4.3%	4.7%
Total Assets	145.3%	125.0%	110.2%
Liabilities
Accounts Payable	14.1%	12.8%	14.9%
Accrued Liabilities	12.8%	9.8%	7.9%
Deferred Revenue	3.6%	3.2%	3.0%
Current Portion of Long Term Debt	1.7%	2.4%	2.0%
Operating Lease Liabilities	1.0%	0.8%	0.7%
Other Current Liabilities	2.0%	1.6%	0.5%
Total Current Liabilities	33.4%	29.5%	29.7%
Long Term Debt	6.9%	5.7%	2.8%
Deferred Revenue Noncurrent	3.8%	3.4%	3.4%
Operating Lease Liabilities Noncurrent	5.7%	4.7%	3.8%
Deferred Tax Liabilities	0.0%	4.4%	3.3%
Other Noncurrent Liabilities	13.6%	10.7%	8.4%
Total Liabilities	57.9%	49.5%	44.4%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	45.1%	39.3%	36.1%
Retained Earnings	41.1%	36.0%	28.8%
Accumulated Other Comprehensive Income	0.4%	-0.7%	-0.1%
Noncontrolling Interest	0.7%	0.7%	0.8%
Total Stockholders Equity	86.6%	74.6%	64.7%
Total Liabilitiesand Equity	145.3%	125.0%	110.2%

Income Statement

Revenue, expense, and profitability

20 accounts · 3 years

Revenue $94.8B

Operating income $4.4B

Net income $3.8B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Cost of Revenue	82.0%	82.1%	81.8%
Expenses Research and Development	6.8%	4.6%	4.1%
Expenses Selling,General and Administrative	6.2%	5.3%	5.0%
Expenses Share Based Compensation	3.0%	2.0%	1.9%
Expenses Restructuring and Asset Impairment	0.4%	—	—
Expenses Operating Expenses	13.4%	10.6%	9.1%
Other Income Expense Gross Profit	18.0%	17.9%	18.2%
Other Income Expense Operating Income	4.6%	7.2%	9.2%
Other Income Expense Interest Income	1.8%	1.6%	1.1%
Other Income Expense Interest Expense	0.0%	0.0%	0.2%
Other Income Expense Other Income/expense	-0.4%	0.7%	0.2%
Other Income Expense Income Before Tax	5.6%	9.2%	10.3%
Income Tax Income Tax Expense	1.5%	1.9%	-5.2%
net Income net Income	4.0%	7.3%	15.5%
net Income Comprehensive Income	5.1%	6.7%	15.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	3.4%	3.3%	3.3%
Earnings Per Share Weighted Average Shares Diluted	3.7%	3.6%	3.6%

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 3 years

Operating cash flow $14.7B

Investing cash flow $-15.5B

Financing cash flow $1.1B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	4.0%	7.3%	15.5%
Operating Activities Depreciation and Amortization	5.3%	4.2%	3.4%
Operating Activities Stock Based Compensation	3.0%	2.0%	1.9%
Operating Activities Deferred Income Taxes	0.1%	0.5%	-6.6%
Operating Activities Changes In Operating Assets and Liabilities	4.7%	4.0%	6.2%
Operating Activities net Cash From Operating Activities	15.6%	15.3%	13.7%
Investing Activities Capital Expenditures	9.0%	11.6%	9.2%
Investing Activities Business Acquisitions	0.0%	0.0%	0.1%
Investing Activities Purchases of Investments	39.1%	36.8%	19.7%
Investing Activities net Cash From Investing Activities	-16.3%	-19.2%	-16.1%
Financing Activities Repayment of Debt	5.8%	2.6%	1.4%
Financing Activities Proceeds From Stock Issuance	1.3%	1.3%	0.7%
Financing Activities Other Financing Activities	0.0%	0.0%	0.0%
Financing Activities net Cash From Financing Activities	1.2%	3.9%	2.7%
Cash Reconciliation Effect of Exchange Rate On Cash	0.2%	-0.1%	0.0%
Cash Reconciliation net Change In Cash	0.6%	-0.2%	0.3%
Cash Reconciliation Cash At Beginning of Period	17.4%	16.5%	16.9%
Cash Reconciliation Cash At End of Period	17.4%	16.5%	16.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+18.0%	+17.9%	+18.2%
Operating margin	+4.6%	+7.2%	+9.2%
Net margin	+4.0%	+7.3%	+15.5%
FCF margin	+6.6%	+3.7%	+4.5%
Growth
Revenue CAGR (3y)	+5.2%	+22.0%	+45.3%
Returns
ROE	+4.6%	+9.7%	+23.9%
ROA	+2.8%	+5.8%	+14.1%
ROIC	+4.3%	+8.7%	+17.5%
Liquidity
Current ratio	2.16x	2.02x	1.73x
Quick ratio	0.66x	0.71x	0.69x
Leverage
D/E	0.67x	0.66x	0.69x
Interest coverage	362.92x	336.95x	56.99x
Efficiency
Asset turnover	0.69x	0.80x	0.91x
Cash conversion cycle	+13d	+14d	+10d

Valuation

Price against fundamentals

TSLA $422 · 2025-09-16 · 364d 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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