Tesla Inc Financials
This page shows Tesla Inc (TSLA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tesla Inc has an operating margin of 4.6%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is down from 7.2% the prior year.
Tesla Inc's revenue declined 2.9% year-over-year, from $97.7B to $94.8B. This contraction results in a growth score of 20/100.
Tesla Inc carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.16, Tesla Inc holds $2.16 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.
Tesla Inc has a free cash flow margin of 6.6%, earning a moderate score of 33/100. The company generates positive cash flow after capital investments, but with room for improvement.
Tesla Inc generates a 4.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100. This is down from 9.7% the prior year.
Tesla Inc scores 18.62, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.6T) relative to total liabilities ($54.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Tesla Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Tesla Inc generates $3.89 in operating cash flow ($14.7B OCF vs $3.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Tesla Inc earns $12.9 in operating income for every $1 of interest expense ($4.4B vs $338.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Tesla Inc generated $94.8B in revenue in fiscal year 2025. This represents a decrease of 2.9% from the prior year.
Tesla Inc's EBITDA was $9.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.1% from the prior year.
Tesla Inc generated $6.2B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 73.7% from the prior year.
Tesla Inc reported $3.8B in net income in fiscal year 2025. This represents a decrease of 46.5% from the prior year.
Tesla Inc earned $1.08 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 47.1% from the prior year.
Tesla Inc held $16.5B in cash against $6.6B in long-term debt as of fiscal year 2025.
Tesla Inc had 3.75B shares outstanding in fiscal year 2025. This represents an increase of 16.7% from the prior year.
Tesla Inc's gross margin was 18.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Tesla Inc's operating margin was 4.6% in fiscal year 2025, reflecting core business profitability. This is down 2.7 percentage points from the prior year.
Tesla Inc's net profit margin was 4.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.3 percentage points from the prior year.
Tesla Inc's ROE was 4.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.1 percentage points from the prior year.
Tesla Inc invested $6.4B in research and development in fiscal year 2025. This represents an increase of 41.2% from the prior year.
Tesla Inc invested $8.5B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 24.8% from the prior year.
TSLA Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.9B-11.4% | $28.1B+24.9% | $22.5B+16.3% | $19.3B-24.8% | $25.7B+2.1% | $25.2B-1.2% | $25.5B+19.7% | $21.3B |
| Cost of Revenue | $19.9B-13.7% | $23.0B+23.8% | $18.6B+15.1% | $16.2B-24.8% | $21.5B+6.7% | $20.2B-3.5% | $20.9B+18.8% | $17.6B |
| Gross Profit | $5.0B-0.9% | $5.1B+30.3% | $3.9B+23.0% | $3.2B-24.6% | $4.2B-16.4% | $5.0B+9.2% | $4.6B+23.9% | $3.7B |
| R&D Expenses | $1.8B+9.4% | $1.6B+2.6% | $1.6B+12.8% | $1.4B+10.4% | $1.3B+22.8% | $1.0B-3.3% | $1.1B-6.7% | $1.2B |
| SG&A Expenses | $1.7B+6.0% | $1.6B+14.3% | $1.4B+9.2% | $1.3B-4.7% | $1.3B+10.7% | $1.2B-7.1% | $1.3B-7.1% | $1.4B |
| Operating Income | $1.4B-13.2% | $1.6B+75.9% | $923.0M+131.3% | $399.0M-74.8% | $1.6B-41.7% | $2.7B+69.3% | $1.6B+37.1% | $1.2B |
| Interest Expense | $85.0M+11.8% | $76.0M-11.6% | $86.0M-5.5% | $91.0M-5.2% | $96.0M+4.3% | $92.0M+7.0% | $86.0M+13.2% | $76.0M |
| Income Tax | $325.0M-43.0% | $570.0M+58.8% | $359.0M+112.4% | $169.0M-55.6% | $381.0M-36.7% | $602.0M+62.3% | $371.0M-23.2% | $483.0M |
| Net Income | $840.0M-38.8% | $1.4B+17.2% | $1.2B+186.6% | $409.0M-80.8% | $2.1B-2.1% | $2.2B+55.2% | $1.4B+0.7% | $1.4B |
| EPS (Diluted) | $0.24-38.5% | $0.39+18.2% | $0.33+175.0% | $0.12-80.3% | $0.61-1.6% | $0.62+55.0% | $0.40-2.4% | $0.41 |
TSLA Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $137.8B+3.0% | $133.7B+4.0% | $128.6B+2.8% | $125.1B+2.5% | $122.1B+1.9% | $119.9B+6.2% | $112.8B+3.3% | $109.2B |
| Current Assets | $68.6B+6.2% | $64.7B+5.8% | $61.1B+2.9% | $59.4B+1.8% | $58.4B+3.5% | $56.4B+6.4% | $53.0B+4.8% | $50.5B |
| Cash & Equivalents | $16.5B-9.7% | $18.3B+17.3% | $15.6B-4.7% | $16.4B+1.3% | $16.1B-10.9% | $18.1B+23.8% | $14.6B+24.0% | $11.8B |
| Inventory | $12.4B+0.9% | $12.3B-15.7% | $14.6B+6.3% | $13.7B+14.1% | $12.0B-17.3% | $14.5B+2.4% | $14.2B-11.5% | $16.0B |
| Accounts Receivable | $4.6B-2.7% | $4.7B+22.5% | $3.8B+1.5% | $3.8B-14.4% | $4.4B+33.4% | $3.3B-11.3% | $3.7B-3.9% | $3.9B |
| Goodwill | $257.0M0.0% | $257.0M-0.4% | $258.0M+4.0% | $248.0M+1.6% | $244.0M-3.6% | $253.0M+1.6% | $249.0M-0.4% | $250.0M |
| Total Liabilities | $54.9B+3.6% | $53.0B+5.0% | $50.5B+1.6% | $49.7B+2.7% | $48.4B-1.5% | $49.1B+7.8% | $45.6B+3.5% | $44.0B |
| Current Liabilities | $31.7B+1.4% | $31.3B+4.3% | $30.0B+0.9% | $29.8B+3.2% | $28.8B-5.7% | $30.6B+10.3% | $27.7B-5.9% | $29.5B |
| Long-Term Debt | $6.6B+17.4% | $5.6B+12.3% | $5.0B-1.7% | $5.1B-8.2% | $5.5B+4.9% | $5.3B-1.2% | $5.3B+94.9% | $2.7B |
| Total Equity | $82.1B+2.7% | $80.0B+3.4% | $77.3B+3.6% | $74.7B+2.4% | $72.9B+4.3% | $69.9B+5.2% | $66.5B+3.2% | $64.4B |
| Retained Earnings | $39.0B+2.2% | $38.2B+3.7% | $36.8B+3.3% | $35.6B+1.2% | $35.2B+6.4% | $33.1B+7.0% | $30.9B+4.7% | $29.5B |
TSLA Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.8B-38.9% | $6.2B+145.6% | $2.5B+17.8% | $2.2B-55.2% | $4.8B-23.0% | $6.3B+73.2% | $3.6B+1392.6% | $242.0M |
| Capital Expenditures | $2.4B+6.5% | $2.2B-6.1% | $2.4B+60.5% | $1.5B-46.3% | $2.8B-20.9% | $3.5B+54.6% | $2.3B-18.2% | $2.8B |
| Free Cash Flow | $1.4B-64.4% | $4.0B+2632.9% | $146.0M-78.0% | $664.0M-67.4% | $2.0B-25.8% | $2.7B+104.6% | $1.3B+152.9% | -$2.5B |
| Investing Cash Flow | -$6.5B-49.9% | -$4.4B-47.9% | -$2.9B-78.3% | -$1.7B+78.3% | -$7.6B-164.5% | -$2.9B+10.9% | -$3.2B+36.6% | -$5.1B |
| Financing Cash Flow | $710.0M-27.8% | $983.0M+542.8% | -$222.0M+33.1% | -$332.0M-133.7% | $985.0M+646.2% | $132.0M-94.8% | $2.5B+1195.9% | $196.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TSLA Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.1%+2.1pp | 18.0%+0.8pp | 17.2%+0.9pp | 16.3%+0.1pp | 16.3%-3.6pp | 19.8%+1.9pp | 17.9%+0.6pp | 17.3% |
| Operating Margin | 5.7%-0.1pp | 5.8%+1.7pp | 4.1%+2.0pp | 2.1%-4.1pp | 6.2%-4.6pp | 10.8%+4.5pp | 6.3%+0.8pp | 5.5% |
| Net Margin | 3.4%-1.5pp | 4.9%-0.3pp | 5.2%+3.1pp | 2.1%-6.2pp | 8.3%-0.4pp | 8.6%+3.1pp | 5.5%-1.0pp | 6.5% |
| Return on Equity | 1.0%-0.7pp | 1.7%+0.2pp | 1.5%+1.0pp | 0.5%-2.4pp | 2.9%-0.2pp | 3.1%+1.0pp | 2.1%-0.1pp | 2.2% |
| Return on Assets | 0.6%-0.4pp | 1.0%+0.1pp | 0.9%+0.6pp | 0.3%-1.4pp | 1.7%-0.1pp | 1.8%+0.6pp | 1.2%-0.0pp | 1.3% |
| Current Ratio | 2.16+0.1 | 2.07+0.0 | 2.04+0.0 | 2.00-0.0 | 2.02+0.2 | 1.84-0.1 | 1.91+0.2 | 1.72 |
| Debt-to-Equity | 0.08+0.0 | 0.070.0 | 0.060.0 | 0.070.0 | 0.080.0 | 0.080.0 | 0.08+0.0 | 0.04 |
| FCF Margin | 5.7%-8.5pp | 14.2%+13.5pp | 0.7%-2.8pp | 3.4%-4.5pp | 7.9%-3.0pp | 10.9%+5.6pp | 5.3%+17.1pp | -11.9% |
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Frequently Asked Questions
What is Tesla Inc's annual revenue?
Tesla Inc (TSLA) reported $94.8B in total revenue for fiscal year 2025. This represents a -2.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tesla Inc's revenue growing?
Tesla Inc (TSLA) revenue declined by 2.9% year-over-year, from $97.7B to $94.8B in fiscal year 2025.
Is Tesla Inc profitable?
Yes, Tesla Inc (TSLA) reported a net income of $3.8B in fiscal year 2025, with a net profit margin of 4.0%.
What is Tesla Inc's earnings per share (EPS)?
Tesla Inc (TSLA) reported diluted earnings per share of $1.08 for fiscal year 2025. This represents a -47.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Tesla Inc's EBITDA?
Tesla Inc (TSLA) had EBITDA of $9.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tesla Inc have?
As of fiscal year 2025, Tesla Inc (TSLA) had $16.5B in cash and equivalents against $6.6B in long-term debt.
What is Tesla Inc's gross margin?
Tesla Inc (TSLA) had a gross margin of 18.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tesla Inc's operating margin?
Tesla Inc (TSLA) had an operating margin of 4.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Tesla Inc's net profit margin?
Tesla Inc (TSLA) had a net profit margin of 4.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Tesla Inc's return on equity (ROE)?
Tesla Inc (TSLA) has a return on equity of 4.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tesla Inc's free cash flow?
Tesla Inc (TSLA) generated $6.2B in free cash flow during fiscal year 2025. This represents a 73.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tesla Inc's operating cash flow?
Tesla Inc (TSLA) generated $14.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tesla Inc's total assets?
Tesla Inc (TSLA) had $137.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tesla Inc's capital expenditures?
Tesla Inc (TSLA) invested $8.5B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Tesla Inc spend on research and development?
Tesla Inc (TSLA) invested $6.4B in research and development during fiscal year 2025.
How many shares does Tesla Inc have outstanding?
Tesla Inc (TSLA) had 3.75B shares outstanding as of fiscal year 2025.
What is Tesla Inc's current ratio?
Tesla Inc (TSLA) had a current ratio of 2.16 as of fiscal year 2025, which is generally considered healthy.
What is Tesla Inc's debt-to-equity ratio?
Tesla Inc (TSLA) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tesla Inc's return on assets (ROA)?
Tesla Inc (TSLA) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tesla Inc's Altman Z-Score?
Tesla Inc (TSLA) has an Altman Z-Score of 18.62, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Tesla Inc's Piotroski F-Score?
Tesla Inc (TSLA) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tesla Inc's earnings high quality?
Tesla Inc (TSLA) has an earnings quality ratio of 3.89x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tesla Inc cover its interest payments?
Tesla Inc (TSLA) has an interest coverage ratio of 12.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tesla Inc?
Tesla Inc (TSLA) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.