Tesla TSLA · Nasdaq Motor Vehicles & Passenger Car Bodies · Fiscal year ends Dec 31
annual quarterly
Last 5 fiscal years
Revenue and net income $0 $25B $50B $75B $100B Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 Income statement Fiscal year Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 Revenue $53.8B $81.5B $96.8B $97.7B $94.8B Cost of revenue $40.2B $60.6B $79.1B $80.2B $77.7B Gross profit $13.6B $20.9B $17.7B $17.5B $17.1B Research & development $2.6B $3.1B $4B $4.5B $6.4B Selling, general & admin $4.5B $3.9B $4.8B $5.2B $5.8B Operating income $6.5B $13.7B $8.9B $7.1B $4.4B Interest expense $371M $191M $156M $350M $338M Pre-tax income $6.3B $13.7B $10B $9B $5.3B Income tax $699M $1.1B −$5B $1.8B $1.4B Net income $5.5B $12.6B $15B $7.1B $3.8B Diluted EPS 1.63 3.62 4.30 2.04 1.08 Diluted shares 3,386M 3,475M 3,485M 3,498M 3,528M
Balance sheet Fiscal year Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 Cash & equivalents $17.6B $16.3B $16.4B $16.1B $16.5B Receivables $1.9B $3B $3.5B $4.4B $4.6B Inventory $5.8B $12.8B $13.6B $12B $12.4B Current assets $27.1B $40.9B $49.6B $58.4B $68.6B Net PP&E $18.9B $23.5B $29.7B $35.8B – Goodwill $200M $194M $253M $244M $257M Total assets $62.1B $82.3B $107B $122B $138B Payables $10B $15.3B $14.4B $12.5B $13.4B Deferred revenue $1.4B $1.7B $2.9B $3.2B $3.4B Current liabilities $19.7B $26.7B $28.7B $28.8B $31.7B Short-term debt $1.1B $1B $2B $2.3B $1.6B Long-term debt $4.3B $1B $2.7B $5.5B $6.6B Total liabilities $30.5B $36.4B $43B $48.4B $54.9B Shareholders' equity $30.2B $44.7B $62.6B $72.9B $82.1B Backlog (remaining obligations) – – $3.4B $7.2B $10.4B
Cash flow Fiscal year Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 Operating cash flow $11.5B $14.7B $13.3B $14.9B $14.7B Capital expenditure $6.5B $7.2B $8.9B $11.3B $8.5B Free cash flow $5B $7.6B $4.4B $3.6B $6.2B Depreciation & amortisation $1.9B $2.4B $3.3B $4.1B $5B Stock-based compensation $2.1B $1.6B $1.8B $2B $2.8B Acquisitions $0 $0 $64M $0 $0
Key ratios Fiscal year Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 Revenue growth (YoY) – 51.4% 18.8% 0.9% −2.9% Operating income growth (YoY) – 109.4% −34.9% −20.4% −38.5% EPS growth (YoY) – 122.1% 18.8% −52.6% −47.1% Gross margin 25.3% 25.6% 18.2% 17.9% 18.0% Operating margin 12.1% 16.8% 9.2% 7.2% 4.6% Net margin 10.3% 15.4% 15.5% 7.3% 4.0% Return on equity 18.3% 28.1% 23.9% 9.7% 4.6% ROCEEBIT ÷ (assets − current liabilities) 15.4% 24.5% 11.4% 7.6% 4.1% Free cash flow margin 9.3% 9.3% 4.5% 3.7% 6.6% Cash conversion (CFO ÷ net income) 2.08x 1.17x 0.88x 2.10x 3.89x Receivable days 13 13 13 17 18 Inventory days 52 77 63 55 58 Payable days 91 92 67 57 63 Interest cover 17.6x 71.5x 57.0x 20.2x 12.9x Debt ÷ equity 0.18x 0.05x 0.07x 0.11x 0.10x Net debtDebt − cash & equivalents; excludes investments; negative = net cash −$12.2B −$14.2B −$11.7B −$8.3B −$8.4B Current ratio 1.38x 1.53x 1.73x 2.02x 2.16x
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.