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Tesla, Inc. TSLA Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Gross margin71.6%+1.4pp70.2%+0.2pp70%-1.2pp71.2%-0.2pp71.5%-0.1pp
Operating margin20.4%-1.6pp22%-2.7pp24.6%-3.0pp27.7%-0.9pp28.5%-1.2pp
Net margin19.6%-2.4pp22%-3.3pp25.3%-8.0pp33.3%-6.8pp40.1%-8.3pp
EBITDA margin45.8%-1.0pp46.7%-1.7pp48.4%-2.0pp50.4%+0.1pp50.3%-0.5pp
Free cash flow margin26.9%+0.1pp26.8%+2.9pp23.9%+3.4pp20.5%+4.2pp16.3%+5.6pp
Returns
Return on equity24.7%-3.9pp28.6%-5.6pp34.2%-14.1pp48.3%-13.2pp61.5%-15.9pp
Return on assets14.7%-2.3pp17%-3.3pp20.3%-8.1pp28.3%-7.5pp35.8%-8.9pp
Return on invested capital21.9%-2.8pp24.7%-4.4pp29.1%-9.2pp38.3%-6.3pp44.6%-7.5pp
Efficiency
Asset turnover-0.1×3.1×-0.1×3.2×-0.2×3.3×-0.2×3.5×-0.1×
Inventory turnover23.2×+0.3×22.9×+0.1×22.8×+0.3×22.5×-0.2×22.7×+0.2×
Liquidity
Current ratio8.3×0.0×8.3×+0.1×8.1×+0.2×7.9×+0.1×7.8×+0.3×
Quick ratio6.6×+0.1×6.5×+0.2×6.4×+0.3×6.1×+0.2×5.9×+0.4×
Cash ratio2.1×-0.1×2.2×0.0×2.2×0.0×2.2×0.0×2.2×+0.1×
Leverage
Debt-to-equity0.3×-0.1×0.4×-0.1×0.5×0.0×0.5×0.0×0.6×0.0×
Debt-to-assets0.2×-0.1×0.2×-0.1×0.3×0.0×0.3×0.0×0.3×0.0×
Net debt / EBITDA-3.9×-0.7×-3.1×-0.8×-2.4×-0.2×-2.2×-0.1×-2.1×-0.2×
Interest coverage55.7×-2.8×58.5×-7.3×65.9×-11.0×76.9×-9.9×86.8×-19.2×
Per Share
Book value per share$91.71+2.9%$89.13+2.8%$86.70+3.2%$84.01+3.5%$81.14+3.5%
Valuation
Market capitalization$5.47T+11.4%$4.9T+4.2%$4.71T+15.8%$4.06T+12.9%$3.6T+8.2%
Enterprise value$5.42T+11.4%$4.87T+4.1%$4.68T+15.9%$4.04T+13.0%$3.57T+8.2%
Price / earnings1,232.8×+225×1,008.1×+211×796.7×+226×570.6×+136×434.4×+96.1×
Price / sales57.3×+5.5×51.8×+2.5×49.3×+6.9×42.4×+5.2×37.2×+2.8×
Price / book67.5×+5.4×62.1×+0.4×61.6×+6.5×55.1×+4.7×50.4×+2.5×
EV / EBITDA500.3×+53.7×446.6×+37.5×409.1×+74.2×334.9×+42.1×292.9×+24.3×
EV / sales56.9×+5.5×51.4×+2.4×49×+6.8×42.1×+5.2×37×+2.8×
Free cash flow yield1.9%-0.3pp2.2%+0.1pp2.1%0.0pp2%+0.2pp1.8%+0.6pp
Earnings yield1.4%-0.5pp1.9%-0.3pp2.2%-1.2pp3.4%-1.5pp4.8%-1.7pp

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Questions, answered.

What are Tesla, Inc.'s profit margins?
Tesla, Inc. (TSLA) runs a 19.1% gross margin and a 5.0% operating margin, with a 3.9% net margin.
Where do Tesla, Inc.'s ratios come from?
Every ratio is computed from Tesla, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.