TSLA · Nasdaq · United States · Motor Vehicles & Passenger Car Bodies

Tesla, Inc.

Austin, TX · Fiscal year ends in December · Figures in USD

In shortTesla, Inc. is profitable, generates cash and holds more cash than debt, with revenue shrinking (−2.9% last year).

Financial health

Solid

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability29

Operating marginShare of each sale left after running the business, before interest and tax.	4.6%	32/100
Net marginShare of each sale left as profit after every cost, interest and tax.	4.0%	36/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	4.9%	24/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	3.5%	23/100

Weight in the score: 25%

Balance sheet97

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	2.16×	100/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	0.10×	100/100
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	Net cash	100/100
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	12.88×	100/100
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	4.46	86/100

Weight in the score: 25%

Cash generation82

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	6.6%	46/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	1.64×	100/100
Years with positive free cash flow (last 5)	5 of 5	100/100

Weight in the score: 20%

Stability59
Profitable years (last 5) 5 of 5 100/100
Years of revenue decline (last 5) 1 of 5 67/100
Revenue growth volatility 32.2% 0/100
Operating margin volatility 4.7% 67/100
Weight in the score: 20%
Growth23
Revenue growth, 3-year average 5.2% 46/100
EPS growth, 3-year average -33.2% 0/100
Weight in the score: 10%

Profitable years (last 5)	5 of 5	100/100
Years of revenue decline (last 5)	1 of 5	67/100
Revenue growth volatility	32.2%	0/100
Operating margin volatility	4.7%	67/100

Revenue growth, 3-year average	5.2%	46/100
EPS growth, 3-year average	-33.2%	0/100

Fiscal year 2025 · change vs prior year

Revenue: $94.8B; ▼ 2.9%
Net income: $3.8B; ▼ 46.5%
Free cash flow: $6.2B; ▲ 73.7%
Operating margin: 4.6%; −2.7 pts
Cash & investments: $44.1B; –
Total debt: $8.2B; ▲ 3.5%
Diluted EPS: $1.08; ▼ 47.1%
Return on equity: 4.9%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Revenue and net income

RevenueNet income

Margins

GrossOperatingNet

Free cash flow

Cash versus debt

Cash & investmentsTotal debt

Statements

The last 5 fiscal years from the company's annual reports.

USD millions; negative values in parentheses.

Fiscal year	FY21	FY22	FY23	FY24	FY25
Revenue	53,823	81,462	96,773	97,690	94,827
Cost of revenue	40,217	60,609	79,113	80,240	77,733
Gross profit	13,606	20,853	17,660	17,450	17,094
Research & development	2,593	3,075	3,969	4,540	6,411
Selling, general & admin	4,517	3,946	4,800	5,150	5,834
Operating income	6,523	13,656	8,891	7,076	4,355
Interest expense	371	191	156	350	338
Pre-tax income	6,343	13,719	9,973	8,990	5,278
Income tax	699	1,132	(5,001)	1,837	1,423
Net income	5,519	12,556	14,997	7,091	3,794
Diluted EPS	$1.63	$3.62	$4.30	$2.04	$1.08
Diluted shares (millions)	3,386	3,475	3,485	3,498	3,528

5 older years available with the 10-year history. Essential plan, from €8.25/month →

🔒 Export to Excel · Investor plan

Risk checks

Altman Z'' score

4.46 Safe zone

Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.

Piotroski F-score

5/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: passed
Positive operating cash flow: passed
Return on assets improved: failed
Cash flow exceeds net income: passed
Long-term debt ratio fell: failed
Current ratio improved: passed
No share dilution: failed
Gross margin improved: passed
Asset turnover improved: failed

Sources

10-QPeriod ending Sep 30, 2026Filed Oct 22, 2026Open the report ↗
10-QPeriod ending Jun 30, 2026Filed Jul 23, 2026Open the report ↗
10-K/APeriod ending Dec 31, 2025Filed Apr 30, 2026Open the report ↗
10-QPeriod ending Mar 31, 2026Filed Apr 23, 2026Open the report ↗
10-KPeriod ending Dec 31, 2025Filed Jan 29, 2026Open the report ↗
10-QPeriod ending Sep 30, 2025Filed Oct 23, 2025Open the report ↗
10-QPeriod ending Jun 30, 2025Filed Jul 24, 2025Open the report ↗
10-K/APeriod ending Dec 31, 2024Filed Apr 30, 2025Open the report ↗

All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works

Latest annual report: Sep 30, 2026 · Data updated Oct 22, 2026

Reading the annual reports…

First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.

Operating marginShare of each sale left after running the business, before interest and tax.

4.6%

32/100

Net marginShare of each sale left as profit after every cost, interest and tax.

4.0%

36/100

Return on equityProfit earned on the money shareholders put in. Above 15% is strong.

4.9%

24/100

Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.

3.5%

23/100

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.

2.16×

100/100

Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.

0.10×

100/100

Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.

Net cash

100/100

Interest coverageHow many times operating profit covers interest. Below 2 is risky.

12.88×

100/100

Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.

4.46

86/100

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.

6.6%

46/100

Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.

1.64×

100/100

Years with positive free cash flow (last 5)

5 of 5

100/100

Profitable years (last 5)	5 of 5	100/100
Years of revenue decline (last 5)	1 of 5	67/100
Revenue growth volatility	32.2%	0/100
Operating margin volatility	4.7%	67/100

Profitable years (last 5)

5 of 5

100/100

Years of revenue decline (last 5)

1 of 5

67/100

Revenue growth volatility

32.2%

0/100

Operating margin volatility

4.7%

67/100

Revenue growth, 3-year average	5.2%	46/100
EPS growth, 3-year average	-33.2%	0/100

Revenue growth, 3-year average

5.2%

46/100

EPS growth, 3-year average

-33.2%

0/100

Trends

Annual figures as reported. Hover a bar or point for the exact value.

Revenue and net income

RevenueNet income

Margins

GrossOperatingNet

Free cash flow

Cash versus debt

Cash & investmentsTotal debt

Statements

The last 5 fiscal years from the company's annual reports.

USD millions; negative values in parentheses.

Fiscal year	FY21	FY22	FY23	FY24	FY25
Revenue	53,823	81,462	96,773	97,690	94,827
Cost of revenue	40,217	60,609	79,113	80,240	77,733
Gross profit	13,606	20,853	17,660	17,450	17,094
Research & development	2,593	3,075	3,969	4,540	6,411
Selling, general & admin	4,517	3,946	4,800	5,150	5,834
Operating income	6,523	13,656	8,891	7,076	4,355
Interest expense	371	191	156	350	338
Pre-tax income	6,343	13,719	9,973	8,990	5,278
Income tax	699	1,132	(5,001)	1,837	1,423
Net income	5,519	12,556	14,997	7,091	3,794
Diluted EPS	$1.63	$3.62	$4.30	$2.04	$1.08
Diluted shares (millions)	3,386	3,475	3,485	3,498	3,528

Risk checks

Altman Z'' score

4.46 Safe zone

Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.

Piotroski F-score

5/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: passed
Positive operating cash flow: passed
Return on assets improved: failed
Cash flow exceeds net income: passed
Long-term debt ratio fell: failed
Current ratio improved: passed
No share dilution: failed
Gross margin improved: passed
Asset turnover improved: failed

Sources

10-QPeriod ending Sep 30, 2026Filed Oct 22, 2026Open the report ↗
10-QPeriod ending Jun 30, 2026Filed Jul 23, 2026Open the report ↗
10-K/APeriod ending Dec 31, 2025Filed Apr 30, 2026Open the report ↗
10-QPeriod ending Mar 31, 2026Filed Apr 23, 2026Open the report ↗
10-KPeriod ending Dec 31, 2025Filed Jan 29, 2026Open the report ↗
10-QPeriod ending Sep 30, 2025Filed Oct 23, 2025Open the report ↗
10-QPeriod ending Jun 30, 2025Filed Jul 24, 2025Open the report ↗
10-K/APeriod ending Dec 31, 2024Filed Apr 30, 2025Open the report ↗

All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works

Latest annual report: Sep 30, 2026 · Data updated Oct 22, 2026