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Rankings / Consumer Discretionary

Tesla TSLA

Electric vehicles, energy storage & autonomous driving AI. Tesla, Inc., listed on NASDAQ.

Based on the FY2025 annual report (Jan 2025 – Dec 2025)

Tesla's market cap is
about $1.359 trillion.

#9 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $94.827B.

Share price (close)
$343.69
Close on Nov 5, 2026 · per share
P/E ratio
318.2x
Closing price ÷ latest annual EPS
Market cap
$1.359T
#9 of 289
Revenue
$94.827B
#35 of 299 · −2.9% YoY
Operating income
$4.355B
#97 of 231 · −38.5% YoY
Net income
$3.794B
#116 of 298 · −46.5% YoY
Free cash flow
$6.22B
#68 of 261 · +73.7% YoY
Total assets
$137.806B
#59 of 299 · +12.9% YoY
Dividends paid
—
Not reported
Dividend per share
—
Not reported
Dividend yield
—
No dividend, or a different currency
Shares outstanding
3,751,000,000 shares
As of Dec 31, 2025

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

  • Cost of revenue82.0%
  • R&D6.8%
  • SG&A and other6.7%
  • Taxes, interest & other0.6%
  • Net income4.0%

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year
−2.9%
#275 of 299
Revenue fell from a year earlier. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business
4.6%
#199 of 231
4.6% of revenue was kept as operating profit, which is on the low side. The median across 231 companies is 19.2%.
Net marginShare of revenue left as profit after interest and taxes
4.0%
#256 of 298
After taxes, 4.0% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending
6.6%
#207 of 261
Cash is left over after capital spending. The median across 261 companies is 15.8%.
ROEHow much profit the company earned on shareholders' equity in a year
4.9%
#245 of 276
Earnings relative to equity are on the low side. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt
66.9%
#35 of 244
Liabilities are smaller than equity. The median across 244 companies is 159.6%.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

FY2021 Revenue $53.823B / Net income $5.519B53.8B10.3%FY2021FY2022 Revenue $81.462B / Net income $12.556B81.5B15.4%FY2022FY2023 Revenue $96.773B / Net income $14.997B96.8B15.5%FY2023FY2024 Revenue $97.69B / Net income $7.091B97.7B7.3%FY2024FY2025 Revenue $94.827B / Net income $3.794B94.8B4.0%FY2025
Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

  • Cash from operations$14.747B
  • Capital spending−$8.527B
  • Free cash flow (FCF)$6.22B

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

  • Total assets$137.806B
  • Total liabilities$54.941B
  • Total equity$82.137B
  • Cash and equivalents$16.513B

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail
CompanyAnnual revenueNet incomeRevenue growthOperating marginNet margin
TeslaTSLA$94.827B$3.794B−2.9%4.6%4.0%
General MotorsGM$185.019B$2.697B−1.3%1.6%1.5%
FordF$187.267B−$8.162B+1.2%−4.9%−4.4%
NVIDIANVDA$215.938B$120.067B+65.5%60.4%55.6%
AppleAAPL$478.834B$132.175B+15.1%33.0%27.6%

What the company does

Tesla designs and builds electric vehicles (Model 3/Y/S/X and Cybertruck), develops Full Self-Driving software, runs the Supercharger network, and sells solar and large-scale battery storage (Megapack and Powerwall).

  • Automotive (vehicle sales and leasing, regulatory credits, FSD software)
  • Energy Generation and Storage (Megapack and Powerwall storage systems, solar)
  • Services and Other (Supercharging, vehicle service, insurance and parts)

The fiscal year ends on December 31. Key things to watch are how price cuts affect gross and operating margins, and whether high-margin energy storage (Megapack) becomes a larger share of the business.

Related companies: General Motors, Ford, NVIDIA, Apple

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table
ItemFY2021FY2022FY2023FY2024FY2025
Revenue53.823B81.462B96.773B97.69B94.827B
Cost of revenue40.217B60.609B79.113B80.24B77.733B
Gross profit13.606B20.853B17.66B17.45B17.094B
R&D expense2.593B3.075B3.969B4.54B6.411B
Operating income6.523B13.656B8.891B7.076B4.355B
Pretax income6.343B13.719B9.973B8.99B5.278B
Net income5.519B12.556B14.997B7.091B3.794B
EPS (diluted)$1.63$3.62$4.30$2.04$1.08
Operating cash flow11.497B14.724B13.256B14.923B14.747B
Capital expenditures6.482B7.158B8.899B11.342B8.527B
Free cash flow (FCF)5.015B7.566B4.357B3.581B6.22B
Total assets62.131B82.338B106.618B122.07B137.806B
Total liabilities30.548B36.44B43.009B48.39B54.941B
Total equity31.015B45.489B63.367B72.913B82.137B
Cash and equivalents17.576B16.253B16.398B16.139B16.513B
Original filing10-K10-K10-K10-K10-K

Source: SEC EDGAR filings for Tesla, Inc. · CIK 0001318605 · US-GAAP