Bringing the fundamentals into focus…

TSLA Consumer Cyclical

Tesla, Inc.

$377.81-0.75%

Price as of close on Oct 7, 2026

Basics

Sector: Consumer Cyclical
Industry: Auto Manufacturers
Country: United States
Market cap: 1.49T USD
Enterprise value: 1.43T USD
Full-time employees: 134,785

This snapshot is over eight days old. A refresh may be pending.

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 1.84 vs a peer median of 0.63)bigger price swings (beta 1.84 vs peers 0.63)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #1,282 of 1,502 consumer cyclical companies (bottom 15%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 25% from December 2022 to July 2026.
Tesla had 25% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Tesla had 25% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Operating margin at a 6-year low. 4.6% in 2025, the weakest of the last 6 years.
Tesla's operating margin fell to 4.6% in 2025, its lowest in the 6 years of filings we have.
Borrowing rising faster than profit. Since 2022 (an unusually strong year for operating profit): debt +540%, operating profit −68%.Since 2022: debt +540%, operating profit −68%.
Tesla's debt grew 540% since 2022 while operating profit changed −68%.
Profit below an unusually strong 2022. Since 2022 (an unusually strong year for operating profit): revenue +16%, operating profit −68%.Since 2022: revenue +16%, operating profit −68%.
Since 2022, Tesla's revenue changed +16% while operating profit fell 68%: costs rose faster than sales.

StockQuotient Score

30/ 100

Valuation

Is the price right?

11/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 5.2% (existing holders diluted)

Valuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield0.3%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -1.31Sector median: 0.0445 · MAD: 0.0319

EBITDA yield0.7%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -1.76Sector median: 0.0882 · MAD: 0.0459

Free cash flow yield0.4%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -1.11Sector median: 0.0640 · MAD: 0.0544

Other data (not scored)

Book yield5.8%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5370 · MAD: 0.3253

Growth

Is it growing?

39/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 5.9%

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-47.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.04Sector median: 0.0419 · MAD: 0.2519

3-year revenue growth3.3%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.15Sector median: 0.0421 · MAD: 0.0637

Revenue growth11.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.24Sector median: 0.0370 · MAD: 0.0650

Profitability

Does it earn well?

34/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin4.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.48Sector median: 0.0641 · MAD: 0.0456

Return on assets2.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.29Sector median: 0.0330 · MAD: 0.0257

Return on invested capital4.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.49Sector median: 0.0733 · MAD: 0.0602

Other data (not scored)

Gross margin18.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3014 · MAD: 0.1397

Return on equity4.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0752 · MAD: 0.0672

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Debt / equity
▲ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.84

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.6340 · MAD: 0.3010

Current ratio1.94×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.82Sector median: 1.4860 · MAD: 0.5580

Debt / equity0.09×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.05Sector median: 0.4646 · MAD: 0.3569

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 23, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Share count up 5.2% (existing holders diluted)

	Previous quarter	Latest quarter	Change
Revenue (12 months)	97.9B USD	103.6B USD	+5.9%
Net income (12 months)	3.9B USD	3.8B USD	−1.5%
Operating margin	5.0%	4.2%	−0.8 pts
Free cash flow (12 months)	7.0B USD	5.8B USD	−17.7%
Debt	7.6B USD	7.7B USD	+1.0%
Cash	16.6B USD	15.2B USD	−8.3%
Shares outstanding	3.76B	3.95B	+5.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Auto Manufacturers companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	25.3%	25.6%	18.2%	17.9%	18.0%	▲ 0.2 pts
Operating margin	12.1%	16.8%	9.2%	7.2%	4.6%	▼ 2.7 pts
Net margin	10.3%	15.4%	15.5%	7.3%	4.0%	▼ 3.3 pts
Return on assets (ROA)	8.9%	15.2%	14.1%	5.8%	2.8%	▼ 3.1 pts
Return on equity (ROE)	18.3%	28.1%	23.9%	9.7%	4.6%	▼ 5.1 pts
Free cash flow margin	9.3%	9.3%	4.5%	3.7%	6.6%	▲ 2.9 pts
Current ratio	1.38×	1.53×	1.73×	2.02×	2.16×	▲ 6.9%
Quick ratio	1.08×	1.05×	1.25×	1.61×	1.77×	▲ 10%
Debt to equity	0.14×	0.02×	0.04×	0.08×	0.08×	▲ 5.6%
Interest coverage	17.58×	71.50×	56.99×	20.22×	12.88×	▼ 36%

TSLA price history

Price history is added with the daily price update and will appear after the next one.

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