TSLA Tesla, Inc.

Overview and Growth

In fiscal 2025, Tesla, Inc. recorded $94.83B of revenue, net income of $3.79B, and an operating cash inflow of $14.75B. The $94.83B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 2.9% from $97.69B in fiscal 2024; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were $1.08, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $2.04 in fiscal 2024, the current result was 47.1% lower. Revenue equaled 0.69x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $17.09B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 18.0% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $4.36B, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 4.6%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $3.79B, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 4.0% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $5.28B of earnings, providing a bridge between the operating result and final net income. Pretax income represented 5.6% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $1.42B of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 27.0%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

Total assets were $137.81B, supported by $54.94B of liabilities and $82.81B of shareholder equity. Current assets were $68.64B against $31.71B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 2.16x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $16.51B, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 52.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $8.15B, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.1x, showing how much debt the company carried for each unit of book equity. Debt represented 5.9% of total assets, placing borrowing in the context of the company’s full resource base. The liabilities-to-assets relationship was 39.9%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 12.0%, a balance-sheet composition measure rather than a liquidity forecast.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $14.75B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 3.89x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $8.53B, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 57.8% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $6.22B, leaving a positive amount after capital expenditures. Free cash flow represented 6.6% of revenue, linking post-investment cash generation with the company’s operating scale. The free-cash-flow-to-assets relationship was 4.5%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.