FirmAtlas
Company handbook · TSLA · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
TSLA · CIK 1318605 · LATEST FILING: 10-Q JUN '26 · FILED JUL 23, 2026
Tesla, Inc.
$354.72
−7.72 (−2.13%)
Close, Oct 16, 2026 · 52-week $297–499
Last fiscal year
Tesla, Inc. reported revenue of $94.8B for the year ended Dec 31, 2025 (FY25), down 2.9% from FY24. Net income was $3.8B, operating cash flow $14.7B and free cash flow $6.2B. Source: 10-K filed Jan 29, 2026.
Market cap
$1.33T
P/E
349.8
EV/EBITDA
137.8x
P/B
15.3
ROIC
7.3%
Revenue 1Y
−2.9%/yr
EPS 1Y
−47.1%/yr
Shares 1Y
+17%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOElon Musk
HQAustin, TX
AuditorPricewaterhouseCoopers LLP
Year endsDecember
Revenue by segment · FY25
Automotive87%
Energy Generation And Storage13%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
39.1%
4.8%
11.8%
−17.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$19.9B deployed
Capex
$19.9B
100.0%
Operating cash flow over the period: $29.7B. Total debt changed by +$1.0B. R&D of $11.0B is already inside operating costs.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (3-for-1 split after FY20).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
97,690
94,827−2.9%
103,619
YoY
−2.9%
Gross profit
17,450
17,094−2.0%
19,534
Gross margin
17.9%
18.0%+0.2 pp
—
Operating income
7,076
4,355−38.5%
4,372
Operating margin
7.2%
4.6%−2.7 pp
—
EBITDA
11,196
9,385−16.2%
—
EBITDA margin
11.5%
9.9%−1.6 pp
—
Interest expense
350
338−3.4%
—
Interest coverage
31.99x
27.77x−4.22x
—
Net income
7,091
3,794−46.5%
3,804
YoY
−46.5%
Net margin
7.3%
4.0%−3.3 pp
—
EPS (diluted, $)
2.04
1.08−47.1%
1.06
YoY
−47.1%
Balance sheet
Total assets
122,070
137,806+12.9%
148,524
Cash & short-term investments
36,563
44,059+20.5%
—
Accounts receivable
4,418
4,576+3.6%
—
Inventory
12,017
12,392+3.1%
—
Net PP&E
35,836
40,643+13.4%
—
Other assets
33,236
36,136+8.7%
—
Total liabilities
49,157
55,669+13.2%
61,666
Accounts payable
12,474
13,371+7.2%
—
Total debt
5,648
6,655+17.8%
7,799
Other liabilities
31,035
35,643+14.8%
—
Shareholders’ equity
72,913
82,137+12.7%
86,858
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
14,923
14,747−1.2%
18,685
Net income
7,153
3,855−46.1%
—
Depreciation & amortization
4,120
5,030+22.1%
—
Stock-based compensation
1,999
2,825+41.3%
—
Working capital & other
1,651
3,037+83.9%
—
Cash from investing
(18,787)
(15,478)n/m
—
Capex
(11,342)
(8,527)n/m
—
Acquisitions
0
0n/m
—
Investments bought
(35,955)
(37,109)n/m
—
Investments sold / matured
28,310
30,158+6.5%
—
Other investing
200
0−100.0%
—
Cash from financing
3,853
1,139−70.4%
—
Debt raised
5,744
5,586−2.8%
—
Other financing
(1,891)
(4,447)n/m
—
Net change in cash
(152)
579n/m
—
Free cash flow (OCF − capex)
3,581
6,220+73.7%
5,762
Where the cash went
Operating cash flow
14,923
14,747−1.2%
18,685
Reinvested in the business
11,342
8,527−24.8%
—
% of operating cash flow
76.0%
57.8%
Capex
11,342
8,527−24.8%
12,923
Acquisitions
0
0n/m
—
R&D (memo, already in costs)
4,540
6,411+41.2%
—
Free cash flow
3,581
6,220+73.7%
5,762
YoY
+73.7%
Change in total debt
—
1,007
—
Cash left over
—
7,227
—
FCF conversion (FCF ÷ net income)
50.5%
163.9%+113.4 pp
—
Owner earnings
—
661
—
Owner earnings margin
—
0.7%
—
Returns & ratios
ROIC (all capital)
13.4%
7.3%−6.1 pp
—
ROIC (operating)
14.1%
7.6%−6.6 pp
—
Net debt / EBITDA
−2.76x
−3.99x−1.22x
—
Debt / equity
0.08x
0.08x+0.00x
—
Cash conversion cycle (days)
14
13−1 d
—
ROE
9.7%
4.6%−5.1 pp
—
ROA
5.8%
2.8%−3.1 pp
—
ROCE
7.6%
4.1%−3.5 pp
—
NOPAT
5,630
3,181−43.5%
—
Invested capital (operating)
39,797
44,240+11.2%
—
Invested capital (all)
41,998
44,733+6.5%
—
Reinvestment rate
—
139.7%
—
Debtor days
17
18+1 d
—
Inventory days
55
58+4 d
—
Days payable
57
63+6 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
28,095
24,901
22,387
28,236
vs year-ago quarter
Gross profit
5,054
5,009
4,720
4,751
Gross margin
18.0%
20.1%
21.1%
16.8%
Operating income
1,624
1,409
941
398
Net income
1,373
840
477
1,114
vs year-ago quarter
Net margin
4.9%
3.4%
2.1%
3.9%
EPS (diluted, $)
0.39
0.22
0.13
0.32
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
133,735
137,806
143,724
148,524
Cash & equivalents
18,289
44,059
16,603
15,219
Total debt
5,681
6,655
7,718
7,799
Shareholders’ equity
79,970
82,137
84,116
86,858
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
6,238
3,813
3,937
4,697
Capex
2,248
2,393
2,493
5,789
Free cash flow
3,990
1,420
1,444
(1,092)
vs year-ago quarter