NASDAQ · Financials

Tesla Inc. financials & valuation

Reported statements, fiscal periods and valuation definitions in one place.

Last confirmed price: $372.22-0.63%; Oct 23, 2026, 4:00 PM EDT · Prices may be delayed
Market cap · last reported: $1.47T; Oct 25, 2026 · Valuation and sources

Data dates

Prices as of Oct 23, 4:00 PM EDT · Fundamentals checked Oct 25, 12:31 PM EDT · Statement period ended Sep 30, 2026

Financial statements

Revenue

94.83B

FY2025 · ended Dec 31, 2025

Operating Income

4.36B

FY2025 · ended Dec 31, 2025

Net Income

3.79B

FY2025 · ended Dec 31, 2025

Amounts in USD. B = billions · M = millions. Scroll horizontally for earlier periods.

Sources, units & calculation notes

Reported statement data. Per-share figures are in USD/share; margins in %, debt/equity in ×. TTM sums four consecutive quarters; balance sheets remain period-end balances. A trailing-twelve-month EPS figure is not the sum of the quarterly EPS cells. Growth requires comparable positive values. EPS reflects the reported share count and any stock splits. A missing quarter may show calculated EPS when the necessary net income and share figures are available. EPS comparisons require consistent accounting and split adjustments. Use Tab to move between controls and arrow keys within the table.

TSLA annual income
FY2025Ended Dec 31, 2025Filed Jan 29, 2026Source filing	FY2024Ended Dec 31, 2024As reported in the Jan 29, 2026 filingSource filing	FY2023Ended Dec 31, 2023As reported in the Jan 29, 2026 filingSource filing	FY2022Ended Dec 31, 2022Filed Jan 30, 2025Source filing	1Y change	3Y annual growth
94.83B	97.69B	96.77B	81.46B	-2.9%	5.2%
3.79B	7.09B	15B	12.56B	-46.5%	-32.9%
17.09B	17.45B	17.66B	20.85B	-2.0%	-6.4%
4.36B	7.08B	8.89B	13.66B	-38.5%	-31.7%

Earnings quality · Dec 31, 2025

Net income: 3.79B
Free cash flow: 6.22B
Stock-based compensation: 2.83B
FCF / net income: 163.9%
Accrual gap / revenue: -11.6%
Cash conversion: Strong cash conversion

Accrual gap = (net income − operating cash flow) / revenue. TECHi descriptive thresholds: strong ≥100%, moderate 75–100%, weak <75%. CapEx timing, working capital and industry structure affect the ratio; it is not an accounting audit.

Download quarterly income CSV

Changes between reports

Q3 Sep 30, 2026 versus Q2 Jun 30, 2026

Reported periods shown above are compared directly; a missing intervening quarter is not inferred. Margin changes are in percentage points (pp).

Revenue: 28.05B↓ -0.7%; Previous: 28.24B · USD
Gross margin: 19.59%↑ +2.8 pp; Previous: 16.83%
Operating margin: 2.56%↑ +1.2 pp; Previous: 1.41%
Net margin: 2.81%↓ -1.1 pp; Previous: 3.95%
Cash: 17.85B↑ +17.3%; Previous: 15.22B · USD
Debt: 7.96B↑ +3.0%; Previous: 7.72B · USD
Inventory: 14.09B↑ +2.5%; Previous: 13.75B · USD
Capex: 4.73B↓ -18.3%; Previous: 5.79B · USD
Stock-based compensation: 1.17B↑ +1.2%; Previous: 1.15B · USD

Reported-period comparison. Guidance and risk-factor changes require reading the filings.

Read the filings

Valuation & ratios

Multiples with negative or missing earnings are not meaningful. Annual free cash flow yield uses the latest fiscal year; provider forward multiples may use a different earnings horizon.

Enterprise value $1.46T = equity value $1.47T + total debt $7.96B − unrestricted cash $17.85B. Balance sheet Sep 30, 2026: unrestricted cash $17.85B; restricted cash is not deducted; marketable securities are not deducted in this calculation. Source filing

Valuation history and definitions

5Y median / percentile: Five-year observations unavailable
Forward EPS vs trailing EPS: 94.15%
PEG: 2.24×PEG is the forward P/E divided by the expected EPS growth rate in percent.

EPS growth proxy compares the available annual estimate (FY2026 period end 2026-12-31) with trailing EPS; it is not a multi-year consensus growth rate. Historical valuation uses dated observations, using price divided by the annual EPS estimate recorded that day. P/E observations without a stated earnings period are excluded. Available P/E observations: 22 since 2026-09-26.

Why valuation ratios differ

Forward P/E can use next fiscal year, current fiscal year or next-twelve-month earnings; trailing P/E can use GAAP or adjusted earnings and different closing prices. TECHi compares figures with the same earnings basis and reporting period. Different definitions are not averaged together.

Metric	Value / formula	Reporting period and date
Trailing P/E	409.03	Oct 25, 2026, 12:31 PM EDT
Trailing EPS	0.91	Oct 25, 2026, 12:31 PM EDT
Price ÷ annual EPS estimate	210.67×	TECHi calculation · FY2026 period end 2026-12-31

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