Tesla, Inc. TSLA Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 71.6%+1.4pp | 70.2%+0.2pp | 70%-1.2pp | 71.2%-0.2pp | 71.5%-0.1pp | |
| Operating margin | 20.4%-1.6pp | 22%-2.7pp | 24.6%-3.0pp | 27.7%-0.9pp | 28.5%-1.2pp | |
| Net margin | 19.6%-2.4pp | 22%-3.3pp | 25.3%-8.0pp | 33.3%-6.8pp | 40.1%-8.3pp | |
| EBITDA margin | 45.8%-1.0pp | 46.7%-1.7pp | 48.4%-2.0pp | 50.4%+0.1pp | 50.3%-0.5pp | |
| Free cash flow margin | 26.9%+0.1pp | 26.8%+2.9pp | 23.9%+3.4pp | 20.5%+4.2pp | 16.3%+5.6pp | |
| Returns | ||||||
| Return on equity | 24.7%-3.9pp | 28.6%-5.6pp | 34.2%-14.1pp | 48.3%-13.2pp | 61.5%-15.9pp | |
| Return on assets | 14.7%-2.3pp | 17%-3.3pp | 20.3%-8.1pp | 28.3%-7.5pp | 35.8%-8.9pp | |
| Return on invested capital | 21.9%-2.8pp | 24.7%-4.4pp | 29.1%-9.2pp | 38.3%-6.3pp | 44.6%-7.5pp | |
| Efficiency | ||||||
| Asset turnover | 3×-0.1× | 3.1×-0.1× | 3.2×-0.2× | 3.3×-0.2× | 3.5×-0.1× | |
| Inventory turnover | 23.2×+0.3× | 22.9×+0.1× | 22.8×+0.3× | 22.5×-0.2× | 22.7×+0.2× | |
| Liquidity | ||||||
| Current ratio | 8.3×0.0× | 8.3×+0.1× | 8.1×+0.2× | 7.9×+0.1× | 7.8×+0.3× | |
| Quick ratio | 6.6×+0.1× | 6.5×+0.2× | 6.4×+0.3× | 6.1×+0.2× | 5.9×+0.4× | |
| Cash ratio | 2.1×-0.1× | 2.2×0.0× | 2.2×0.0× | 2.2×0.0× | 2.2×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.3×-0.1× | 0.4×-0.1× | 0.5×0.0× | 0.5×0.0× | 0.6×0.0× | |
| Debt-to-assets | 0.2×-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 coverage | 55.7×-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 / earnings | 1,232.8×+225× | 1,008.1×+211× | 796.7×+226× | 570.6×+136× | 434.4×+96.1× | |
| Price / sales | 57.3×+5.5× | 51.8×+2.5× | 49.3×+6.9× | 42.4×+5.2× | 37.2×+2.8× | |
| Price / book | 67.5×+5.4× | 62.1×+0.4× | 61.6×+6.5× | 55.1×+4.7× | 50.4×+2.5× | |
| EV / EBITDA | 500.3×+53.7× | 446.6×+37.5× | 409.1×+74.2× | 334.9×+42.1× | 292.9×+24.3× | |
| EV / sales | 56.9×+5.5× | 51.4×+2.4× | 49×+6.8× | 42.1×+5.2× | 37×+2.8× | |
| Free cash flow yield | 1.9%-0.3pp | 2.2%+0.1pp | 2.1%0.0pp | 2%+0.2pp | 1.8%+0.6pp | |
| Earnings yield | 1.4%-0.5pp | 1.9%-0.3pp | 2.2%-1.2pp | 3.4%-1.5pp | 4.8%-1.7pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
