Overview
Tesla, Inc.
Latest 10-K: FY2025, filed Jan 29, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $94.83B
- 2.9%YoYdown from FY2024
- TotalRevenue
- Gross profit
- $17.09B
- 2.0%YoYdown from FY2024
- GrossProfit
- Operating income
- $4.36B
- 38.5%YoYdown from FY2024
- OperatingIncome
- Net income
- $3.79B
- 46.5%YoYdown from FY2024
- NetIncome
- Diluted EPS
- $1.08
- 47.1%YoYdown from FY2024
- EPSDiluted
- Diluted shares
- 3.53B
- 0.9%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- Tesla, Inc. reported revenue of $94.83B for fiscal 2025, down 2.9% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.
Profitability
- Operating margin was 4.6% and net margin was 4.0%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $1.08, down 47.1% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 24, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $94.83B2.9%down S&P 500 6.4% | $97.69B0.9%up S&P 500 4.5% | $96.77B18.8%up S&P 500 4.8% | $81.46B51.4%up S&P 500 10.3% | $53.82B70.7%up S&P 500 13.8% | 15.2% S&P 500 6.6% |
| Gross Profit Median of 315 / 498 | $17.09B2.0%down S&P 500 6.8% | $17.45B1.2%down S&P 500 5.5% | $17.66B15.3%down S&P 500 5.2% | $20.85B53.3%up S&P 500 8.3% | $13.61B105.2%up S&P 500 15.7% | 5.9% S&P 500 6.2% |
| Operating Income Median of 373 / 498 | $4.36B38.5%down S&P 500 7.3% | $7.08B20.4%down S&P 500 7.4% | $8.89B34.9%down S&P 500 4.9% | $13.66B109.4%up S&P 500 7.5% | $6.52B227.1%up S&P 500 23.5% | -9.6% S&P 500 7.2% |
| Net Income | $3.79B46.5%down S&P 500 4.8% | $7.09B52.7%down S&P 500 5.7% | $15.00B19.4%up S&P 500 1.9% | $12.56B127.5%up S&P 500 1.3% | $5.52B665.5%up S&P 500 33.9% | -8.9% S&P 500 4.1% |
| EPS (Diluted) | $1.0847.1%down S&P 500 6.2% | $2.0452.6%down S&P 500 7.9% | $4.3018.8%up S&P 500 1.9% | $3.62122.1%up S&P 500 1.5% | $1.63676.2%up S&P 500 34.8% | -9.8% S&P 500 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $137.81B12.9%up S&P 500 5.6% | $122.07B14.5%up S&P 500 3.4% | $106.62B29.5%up S&P 500 4.1% | $82.34B32.5%up S&P 500 2.2% | $62.13B19.1%up S&P 500 6.7% | 22.0% S&P 500 4.7% |
| Total Liabilities Median of 357 / 498 | $54.94B13.5%up S&P 500 6.4% | $48.39B12.5%up S&P 500 1.9% | $43.01B18.0%up S&P 500 2.9% | $36.44B19.3%up S&P 500 2.0% | $30.55B7.5%up S&P 500 5.2% | 15.8% S&P 500 4.4% |
| Stockholders' Equity | $82.81B12.5%up S&P 500 6.8% | $73.62B16.2%up S&P 500 5.4% | $63.37B39.3%up S&P 500 7.3% | $45.49B46.7%up S&P 500 2.5% | $31.02B34.4%up S&P 500 9.0% | 27.8% S&P 500 6.1% |
| Cash & Equivalents | $16.51B2.3%up S&P 500 5.2% | $16.14B1.6%down S&P 500 1.9% | $16.40B0.9%up S&P 500 6.7% | $16.25B7.5%down S&P 500 -8.6% | $17.58B9.3%down S&P 500 -2.9% | -1.5% S&P 500 2.0% |
| Total Debt Median of 393 / 498 | $6.58B†19.0%up S&P 500 2.3% | $5.54B†106.4%up S&P 500 0.1% | $2.68B†160.6%up S&P 500 0.1% | $1.03B†75.8%down S&P 500 0.1% | $4.25B†49.7%down S&P 500 0.0% | 11.5% S&P 500 3.7% |
† Sum of short-term and long-term debt; the company files no total-debt line.
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $14.75B1.2%down S&P 500 6.3% | $14.92B12.6%up S&P 500 4.8% | $13.26B10.0%down S&P 500 9.9% | $14.72B28.1%up S&P 500 -0.7% | $11.50B93.5%up S&P 500 10.7% | 6.4% S&P 500 7.0% |
| Capital Expenditures | $8.53B24.8%down S&P 500 5.4% | $11.34B27.5%up S&P 500 2.8% | $8.90B24.3%up S&P 500 11.3% | $7.16B10.4%up S&P 500 14.0% | $6.48B105.3%up S&P 500 8.1% | 7.1% S&P 500 9.0% |
| Free Cash Flow Median of 378 / 498 | $6.22B73.7%up S&P 500 7.3% | $3.58B17.8%down S&P 500 6.1% | $4.36B42.4%down S&P 500 8.8% | $7.57B50.9%up S&P 500 -11.3% | $5.01B80.0%up S&P 500 10.2% | 5.5% S&P 500 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
S&P 500 median = median of the companies in the index on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-20. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
0.2%
Wall Street
on net earnings
FY2024 0.5%
0.4%
Value investor
on free cash flow
FY2024 0.3%
Gap +0.2 pts: Value-investor figure 0.2 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 416.4×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
0.6%
Wall Street
on EBITDA
FY2024 0.8%
0.3%
Value investor
on EBIT
FY2024 0.5%
Gap −0.3 pts: Value-investor figure 0.3 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 165.1×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
5.2%
Wall Street
on book equity
FY2024 5.2%
5.2%
Value investor
on tangible book
FY2024 5.2%
Gap Same: Both views read the same
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 19.2×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
4.9%
Wall Street
ROE: net income ÷ equity
FY2024 10.4%
5.1%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 10.0%
Gap +0.2 pts: Value-investor figure 0.2 points higher
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
9.9%
Wall Street
EBITDA margin
FY2024 11.5%
6.6%
Value investor
Free-cash-flow margin
FY2024 3.7%
Gap −3.3 pts: Value-investor figure 3.3 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
2.16×
Wall Street
Current ratio
FY2024 2.02×
1.77×
Value investor
Quick ratio, inventory excluded
FY2024 1.61×
Gap −0.39×: Value-investor figure 0.39 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
1.43×
Wall Street
EBITDA ÷ total debt
FY2024 2.02×
0.94×
Value investor
FCF ÷ total debt
FY2024 0.65×
Gap −0.49×: Value-investor figure 0.49 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net cashValue investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
27.8×
Wall Street
EBITDA ÷ interest
FY2024 32.0×
12.9×
Value investor
EBIT ÷ interest
FY2024 20.2×
Gap −14.9×: Value-investor figure 14.9 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on TSLA yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on TSLA and publish the result to your public profile.
Cite this page
Data as of Oct 24, 2026. Canonical address: https://valuein.biz/data/TSLA
Valuein. (2026, October 24). Tesla, Inc. (TSLA) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/TSLA
@misc{valuein_tsla_2026,
author = {{Valuein}},
title = {Tesla, Inc. (TSLA) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/TSLA}},
note = {Data as of 2026-10-24; source: SEC EDGAR filings}
}10-K filed Jan 29, 2026 · accession 0001628280-26-003952
Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.
point-in-time · survivorship-free · every number traceable to its SEC filing