TSLA

Tesla, Inc.

Industrials • CIK: 0001318605

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Market Cap
$1.20T
P/E (TTM)
310.8x
Rev Growth (TTM)
+2.3%
Net Margin (TTM)
3.9%
FCF Yield (TTM)
0.6%
FCF Margin (TTM)
7.2%

LATEST EARNINGS

Q1 2026
26 days ago
View source
Revenue
$22.39B
+16.0%
Net Income
$491.00M
+16.9%
EPS
$0.13
+8.3%
Gross
21.1% +4.8%
Operating
4.2% +2.1%
Net
2.2% 0.0%
  • Total revenues increased 16% YoY to $22.4B, driven by growth in automotive, services, and a positive FX impact.
  • GAAP operating income increased 136% YoY to $0.9B, with operating margin improving to 4.2%.
  • Non-GAAP net income grew 56% YoY to $1.5B, with diluted EPS up 52% YoY to $0.41.
  • Operating cash flow increased 83% YoY to $3.9B, and free cash flow was $1.4B.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$7.0B
Q1 '26
$1.4B+2%
Q4 '25
$1.4B-64%
FCF Margin
TTM7.2%
Q1 '266.5%+13%
Sector: 4.7%Above Avg
OCF Margin16.9%
OCF/NI4.28x
CapEx Coverage1.7x
FCF Yield0.6%
FCF Growth (2Y)+7%
Cash Conversion Cycle
16 days
DSO: 16+DIO: 61DPO: 62

Capital Allocation & Returns

Total Shareholder Yield
TTM0.0%
Div Yield0.0%

Insufficient data

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$7.0B
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
4.3%
Stable
-0.0% YoY-5.9%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
3.6%
8Q: 4.1%
Asset Turnover
0.73x
8Q: 0.79x
Leverage (1+D/E)
1.02x
D/E: 0.02x
DuPont: 2.7%4.3% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
2.47x
8Q:2.67x
-75.6%
Invested Cap Turn
1.23x
8Q:1.34x
-50.3%
CapEx Intensity
12.0%
8Q:12.4%
CapEx/Depreciation
2.47x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024
Revenue
$97.9B
$22.4B10.1%
$24.9B11.4%
$28.1B24.9%
$22.5B16.3%
$19.3B24.8%
$25.7B2.1%
$25.2B1.2%
$25.5B
Operating Income
$4.9B
$941.0M33.2%
$1.4B13.2%
$1.6B75.9%
$923.0M131.3%
$399.0M74.8%
$1.6B41.7%
$2.7B69.3%
$1.6B
Net Income
$3.9B
$477.0M43.2%
$840.0M38.8%
$1.4B17.2%
$1.2B186.6%
$409.0M80.8%
$2.1B2.2%
$2.2B55.2%
$1.4B
Operating Cash Flow
$16.5B
$3.9B3.3%
$3.8B38.9%
$6.2B145.6%
$2.5B17.8%
$2.2B55.2%
$4.8B23.0%
$6.3B73.2%
$3.6B
Free Cash Flow
$7.0B
$1.4B1.7%
$1.4B64.4%
$4.0B2632.9%
$146.0M78.0%
$664.0M67.4%
$2.0B25.8%
$2.7B104.6%
$1.3B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
310.8x
Volatile
8Q: 958.3x+175715%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
310.8x
vs sector
Cash Flow
165.9x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
71.6P/E per %ROIC
ROIC: 4.3%
Shareholder Returns
Dividend
Buyback
Total Yield
Market Cap$1.20T
EV$1.16T
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
64/100
High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Below Avg
4.8%
8Q:
Return on Invested Capital (ROIC)Top 25%
4.3%
8Q:
-5.9%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 3.6%
Asset Turnover: 0.73x

Earnings Quality

Cash Conversion

4.28x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin19.1%

Capital Efficiency

Invested Capital Turnover1.23x

Working Capital

Cash Conversion Cycle16 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
56/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
2.3%
OpInc Growth YoY
135.8%
EPS Growth YoY
-37.2%
FCF 3Y CAGR
6.6%

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
19.1%
Operating
5.0%
Below Avg in sector
Net
3.9%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+3.2 pts
FCF: 7.2% | Net: 3.9%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $43.37B
Interest Coverage
+Net cash position: $43.37B
Leverage Metrics
Debt-to-Equity
0.02x
Balance sheet risk & solvency analysis