TSLA · Tesla, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $94.83B | $97.69B | $96.77B | $81.46B | $53.82B | $31.54B |
| Cost of Revenue | $77.73B | $80.24B | $79.11B | $60.61B | $40.22B | $24.91B |
| Gross Profit | $17.09B | $17.45B | $17.66B | $20.85B | $13.61B | $6.63B |
| R&D | $6.41B | $4.54B | $3.97B | $3.08B | $2.59B | $1.49B |
| SG&A | $5.83B | $5.15B | $4.80B | $3.95B | $4.52B | $3.15B |
| Total Operating Expenses | $12.74B | $10.37B | $8.77B | $7.20B | $7.08B | $4.64B |
| D&A | $5.03B | $4.12B | $3.33B | $2.42B | $1.91B | $1.57B |
| Operating Income | $4.36B | $7.08B | $8.89B | $13.66B | $6.52B | $1.99B |
| Interest Expense | $338.00M | $350.00M | $156.00M | $191.00M | $371.00M | $748.00M |
| Income Tax | $1.42B | $1.84B | ($5.00B) | $1.13B | $699.00M | $292.00M |
| Net Income | $3.79B | $7.09B | $15.00B | $12.56B | $5.52B | $721.00M |
| EPS - Basic | $1.18 | $2.23 | $4.73 | $4.02 | $1.87 | $0.25 |
| EPS - Diluted | $1.08 | $2.04 | $4.30 | $3.62 | $1.63 | $0.21 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.51B | $16.14B | $16.40B | $16.25B | $17.58B | $19.38B |
| Accounts Receivable | $4.58B | $4.42B | $3.51B | $2.95B | $1.91B | $1.89B |
| Inventory | $12.39B | $12.02B | $13.63B | $12.84B | $5.76B | $4.10B |
| Accounts Payable | $13.37B | $12.47B | $14.43B | $15.26B | $10.03B | $6.05B |
| Current Assets | $68.64B | $58.36B | $49.62B | $40.92B | $27.10B | $26.72B |
| Total Assets | $137.81B | $122.07B | $106.62B | $82.34B | $62.13B | $52.15B |
| Current Liabilities | $31.71B | $28.82B | $28.75B | $26.71B | $19.70B | $14.25B |
| Long-term Debt | $6.58B | $5.54B | $2.68B | $1.03B | $4.25B | $8.46B |
| Total Liabilities | $54.94B | $48.39B | $43.01B | $36.44B | $30.55B | $28.42B |
| Stockholders' Equity | $82.14B | $72.91B | $62.63B | $44.70B | $30.19B | $22.23B |
| Retained Earnings | $39.00B | $28.12B | $27.88B | $12.88B | $331.00M | ($5.40B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $14.75B | $14.92B | $13.26B | $14.72B | $11.50B | $5.94B |
| Investing Cash Flow | ($15.48B) | ($18.79B) | ($15.58B) | ($11.97B) | ($7.87B) | ($3.13B) |
| Financing Cash Flow | $1.14B | $3.85B | $2.59B | ($3.53B) | ($5.20B) | $9.97B |
| CapEx | $8.53B | $11.34B | $8.90B | $7.16B | $6.48B | $3.16B |
| Free Cash Flow | $6.22B | $3.58B | $4.36B | $7.57B | $5.01B | $2.79B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 18.0% | 17.9% | 18.2% | 25.6% | 25.3% | 21.0% |
| Operating margin | 4.6% | 7.2% | 9.2% | 16.8% | 12.1% | 6.3% |
| EBITDA margin | 9.9% | 11.5% | 12.6% | 19.7% | 15.7% | 11.3% |
| Net margin | 4.0% | 7.3% | 15.5% | 15.4% | 10.3% | 2.3% |
| Free cash flow margin | 6.6% | 3.7% | 4.5% | 9.3% | 9.3% | 8.8% |
| FCF / Net income | 1.64 | 0.51 | 0.29 | 0.60 | 0.91 | 3.86 |
| R&D / Revenue | 6.8% | 4.6% | 4.1% | 3.8% | 4.8% | 4.7% |
| SG&A / Revenue | 6.2% | 5.3% | 5.0% | 4.8% | 8.4% | 10.0% |
| Effective tax rate | 27.3% | 20.6% | -50.0% | 8.3% | 11.2% | 28.8% |
| Return on assets | 2.8% | 5.8% | 14.1% | 15.2% | 8.9% | 1.4% |
| Return on equity | 4.6% | 9.7% | 23.9% | 28.1% | 18.3% | 3.2% |
| Return on invested capital | 3.6% | 7.2% | 13.6% | 27.4% | 16.8% | 4.6% |
| Liquidity | ||||||
| Current ratio | 2.16 | 2.02 | 1.73 | 1.53 | 1.38 | 1.88 |
| Quick ratio | 1.77 | 1.61 | 1.25 | 1.05 | 1.08 | 1.59 |
| Cash ratio | 0.52 | 0.56 | 0.57 | 0.61 | 0.89 | 1.36 |
| Leverage | ||||||
| Debt / Equity | 0.08 | 0.08 | 0.04 | 0.02 | 0.14 | 0.38 |
| Debt / Assets | 0.05 | 0.05 | 0.03 | 0.01 | 0.07 | 0.16 |
| Debt / EBITDA | 0.70 | 0.49 | 0.22 | 0.06 | 0.50 | 2.37 |
| Interest coverage | 12.9x | 20.2x | 57.0x | 71.5x | 17.6x | 2.7x |
| Equity multiplier | 1.68 | 1.67 | 1.70 | 1.84 | 2.06 | 2.35 |
| Liabilities / Assets | 0.40 | 0.40 | 0.40 | 0.44 | 0.49 | 0.54 |
| Efficiency | ||||||
| Asset turnover | 0.69 | 0.80 | 0.91 | 0.99 | 0.87 | 0.60 |
| Inventory turnover | 6.27 | 6.68 | 5.81 | 4.72 | 6.99 | 6.07 |
| Days sales outstanding | 18d | 17d | 13d | 13d | 13d | 22d |
| Days inventory outstanding | 58d | 55d | 63d | 77d | 52d | 60d |
| Days payable outstanding | 63d | 57d | 67d | 92d | 91d | 89d |
| Cash conversion cycle | 13d | 14d | 10d | -1d | -26d | -7d |
| Valuation | ||||||
| P / E | 416.4x | 198.0x | 57.8x | 34.0x | 215.7x | 1102.6x |
| P / B | 19.3x | 19.4x | 13.8x | 9.6x | 13.2x | 11.5x |
| P / S | 16.7x | 14.5x | 8.9x | 5.3x | 7.4x | 8.1x |
| EV / EBITDA | 168.0x | 125.2x | 69.7x | 25.7x | 45.6x | 68.4x |
| Growth | ||||||
| Revenue growth (YoY) | -2.9% | 0.9% | 18.8% | 51.4% | 70.7% | 28.3% |
| Revenue CAGR (3y) | 5.2% | 22.0% | 45.3% | 49.1% | 35.9% | 38.9% |
| Revenue CAGR (5y) | 24.6% | 31.8% | 35.2% | 47.3% | 50.4% | 50.8% |
| Gross profit growth (YoY) | -2.0% | -1.2% | -15.3% | 53.3% | 105.2% | 62.9% |
| Operating income growth (YoY) | -38.5% | -20.4% | -34.9% | 109.4% | 227.1% | - |
| Net income growth (YoY) | -46.5% | -52.7% | 19.4% | 127.5% | 665.5% | - |
| EPS growth (YoY) | -47.1% | -52.6% | 18.8% | 121.6% | 665.6% | - |
| EPS CAGR (3y) | -33.2% | 7.7% | 172.1% | - | - | - |
| EPS CAGR (5y) | 38.3% | - | - | - | - | - |
| FCF growth (YoY) | 73.5% | -17.8% | -42.4% | 50.9% | 80.0% | 158.4% |
| FCF CAGR (5y) | 17.4% | 27.2% | - | - | - | - |
| Book value growth (YoY) | 12.7% | 16.4% | 40.1% | 48.1% | 35.8% | 235.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$94.83B totalAutomotive Segment$82.06B · 86.5%
Energy Generation And Storage Segment$12.77B · 13.5%
Product / service
$269.74B totalSales And Services$92.61B · 34.3%
Automotive Revenues$69.53B · 25.8%
Automotive Sales$65.82B · 24.4%
Energy Generation And Storage$12.77B · 4.7%
Services And Other$12.53B · 4.6%
Energy Generation And Storage Sales$12.27B · 4.5%
Automotive Regulatory Credits$1.99B · 0.7%
Automotive Leasing$1.71B · 0.6%
Energy Generation And Storage Leasing$501.00M · 0.2%
Geographic
$94.83B totalUS$47.63B · 50.2%
Other Countries$26.24B · 27.7%
CN$20.96B · 22.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.84
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Motor Vehicles & Passenger Car Bodies
Comparing Tesla against the 5 most active filers in the same SIC group.