Profitability snapshot
Tesla, Inc.'s net margin was 4.0% in FY2025, compared with 7.3% in FY2024. On a trailing-twelve-month basis it was 3.9% as of Q1 FY26. Profitability margins measure the share of revenue a company keeps as profit at each level of the income statement.
Net margin (latest FY)
4.0%
Net margin (TTM)
3.9%
Gross margin (latest FY)
18.0%
Operating margin (latest FY)
4.6%
Tesla, Inc. Net margin
Profitability vs. related metrics
Tesla, Inc. Profitability — by fiscal year
| Fiscal year | Net margin | Gross margin | Operating margin |
|---|---|---|---|
| FY2025 | 4.0% | 18.0% | 4.6% |
| FY2024 | 7.3% | 17.9% | 7.2% |
| FY2023 | 15.5% | 18.2% | 9.2% |
| FY2022 | 15.4% | 25.6% | 16.8% |
| FY2021 | 10.3% | 25.3% | 12.1% |
| FY2020 | 2.3% | 21.0% | 6.3% |
| FY2019 | -3.5% | 16.6% | -0.3% |
| FY2018 | -4.5% | 18.8% | -1.8% |
| FY2017 | -16.7% | 18.9% | -13.9% |
| FY2016 | -9.6% | 22.8% | -9.5% |
| FY2015 | -22.0% | 22.8% | -17.7% |
| FY2014 | -9.2% | 27.6% | -5.8% |
| FY2013 | -3.7% | 22.7% | -3.0% |
| FY2012 | -95.9% | 7.3% | -95.4% |
| FY2011 | -124.6% | 30.2% | -123.1% |
| FY2010 | -132.2% | 26.3% | -125.8% |
| FY2009 | -49.8% | 8.5% | -46.4% |
| FY2008 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Net margin | Gross margin | Operating margin |
|---|---|---|---|
| Q1 FY26 | 3.9% | 19.1% | 5.0% |
| Q4 FY25 | 4.0% | 18.0% | 4.6% |
| Q3 FY25 | 5.3% | 17.0% | 4.7% |
| Q2 FY25 | 6.3% | 17.5% | 6.1% |
| Q1 FY25 | 6.4% | 17.7% | 6.6% |
| Q4 FY24 | 7.3% | 17.9% | 7.2% |
| Q3 FY24 | 13.3% | 18.2% | 7.8% |
| Q2 FY24 | 13.2% | 17.7% | 6.9% |
| Q1 FY24 | 14.6% | 17.8% | 7.8% |
| Q4 FY23 | 15.5% | 18.2% | 9.2% |
| Q3 FY23 | 11.2% | 19.8% | 11.2% |
| Q2 FY23 | 13.0% | 21.5% | 13.5% |
Figures normalized from SEC filings. See the full Tesla, Inc. ratios & metrics.