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Tesla, Inc. (TSLA) Quarterly Financial Ratios

Last 48 quarters of trend data · Consumer Cyclical · Auto - Manufacturers

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Tesla, Inc.'s quarterly P/E stands at 715.0x, up 28.2% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 216.1% YoY to 389.3x, reflecting rising market expectations or slowing EBITDA growth.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
P/E Ratio →370.82715.00468.46285.08238.48557.57153.43105.50123.67107.1927.37118.0383.90
—+28.2%+205.3%+170.2%+92.8%+420.2%+460.7%-10.6%+47.4%+50.9%-4.9%+69.1%-2.8%
P/S Ratio15.8514.6915.9813.9512.4211.8013.819.086.757.198.629.369.13
—+24.5%+15.7%+53.6%+84.0%+64.1%+60.2%-2.9%-26.0%-6.8%+95.9%-12.7%-20.5%
P/B Ratio17.0515.5219.2119.4314.3212.1019.2812.9410.249.4013.6416.0417.45
—+28.3%-0.4%+50.1%+39.8%+28.8%+41.3%-19.3%-41.3%-35.7%+46.3%-28.3%-15.5%
P/FCF241.61227.74280.2098.251914.12343.56174.5783.42128.51—105.15257.37226.48
—-33.7%+60.5%+17.8%+1389.5%—+66.0%-67.6%-43.3%—+39.5%+269.0%-27.6%
EV / EBITDA142.31389.30129.70120.66118.36123.14115.1255.9459.5563.1565.3072.2163.39
—+216.1%+12.7%+115.7%+98.8%+95.0%+76.3%-22.5%-6.1%+32.2%+205.9%+48.0%+12.1%
EV / EBIT343.21389.30312.68192.65170.55334.29123.8579.0787.0193.7095.57103.9775.97
—+16.5%+152.5%+143.7%+96.0%+256.8%+29.6%-24.0%+14.5%+49.6%+267.7%+69.3%-0.1%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Tesla, Inc.'s operating margin was 4.2% in Q1 2026, down 1.5 pp QoQ and up 2.1 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. Gross margin expanded 29.3% YoY, indicating pricing power or improving input costs.

Margins

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Gross Margin18.0%21.1%20.1%18.0%17.2%16.3%16.3%19.8%18.0%17.4%17.6%17.9%18.2%
—+29.3%+23.7%-9.3%-4.0%-6.0%-7.8%+10.9%-1.3%-10.3%-25.8%-28.7%-27.3%
Operating Margin4.6%4.2%5.7%5.8%4.1%2.1%6.2%10.8%6.3%5.5%8.2%7.6%9.6%
—+103.7%-8.1%-46.4%-34.8%-62.5%-24.9%+42.8%-34.6%-51.9%-48.9%-56.1%-33.9%
Net Margin4.0%2.2%3.4%4.9%5.2%2.1%9.0%8.6%5.5%6.5%31.5%7.9%10.8%
—+3.7%-62.5%-43.2%-5.1%-67.6%-71.4%+8.4%-49.4%-39.4%+106.3%-48.3%-18.7%

Return on Capital

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
ROE4.8%0.6%1.0%1.7%1.5%0.5%3.2%3.1%2.1%2.2%13.4%3.5%5.3%
—+6.8%-68.0%-44.9%-27.8%-74.6%-76.1%-9.6%-60.3%-59.1%+57.3%-58.4%-13.8%
ROA2.9%0.3%0.6%1.0%0.9%0.3%1.9%1.9%1.3%1.3%7.9%2.0%3.0%
—+5.4%-67.7%-43.8%-26.7%-74.3%-75.8%-7.3%-58.6%-56.6%+66.9%-56.4%-9.3%
ROIC4.5%0.9%1.4%1.6%0.9%0.4%1.7%3.1%1.9%1.5%3.0%3.0%4.4%
—+122.3%-21.9%-50.1%-50.0%-71.5%-41.8%+5.6%-57.6%-72.9%-67.9%-71.4%-39.1%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Tesla, Inc.'s Debt/EBITDA ratio is 11.0x, up from 2.7x last quarter — elevated, raising questions about debt serviceability.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Debt / Equity0.100.110.100.230.170.170.180.180.190.150.150.150.11
—-37.4%-45.3%+29.9%-9.6%+14.5%+22.9%+20.3%+67.1%+34.3%+20.2%+5.2%-37.1%
Debt / EBITDA0.8010.992.745.835.577.114.423.144.344.102.902.731.64
—+54.5%-38.0%+85.5%+28.4%+73.4%+52.3%+15.2%+165.4%+172.9%+147.1%+115.8%-16.9%
Current Ratio2.162.042.162.072.042.002.021.841.911.721.731.691.59
—+2.4%+6.9%+12.1%+6.6%+16.3%+17.3%+9.1%+20.1%+9.5%+12.7%+15.6%+11.1%
Quick Ratio1.771.621.771.671.551.541.611.371.401.171.251.181.07
—+5.5%+10.3%+22.3%+10.9%+31.1%+28.4%+16.5%+30.7%+12.3%+19.1%+12.7%+1.0%
Interest Coverage16.629.1314.8926.7819.017.4729.8131.2622.9421.4336.9254.82105.89
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Download Financial Ratios Data

Includes 30+ ratios · 48 years · Updated daily

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TSLA — Frequently Asked Questions

Quick answers to the most common questions about buying TSLA stock.

What is Tesla, Inc.'s quarterly P/E ratio trend?

Tesla, Inc.'s current P/E is 370.8x. The average P/E over the last 4 quarters is 426.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Tesla, Inc.'s margins change by quarter?

Tesla, Inc.'s current operating margin is 4.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at TSLA quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Tesla, Inc.'s business trajectory between earnings reports.