Common-Size Income Statement
Quarterly Data
Paying user area
Try for free
Tesla Inc. pages available for free this week:
- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Net Profit Margin since 2010
- Return on Equity (ROE) since 2010
- Return on Assets (ROA) since 2010
- Price to Operating Profit (P/OP) since 2010
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Tesla Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Tesla Inc., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The financial trajectory over the analyzed period is characterized by a strategic shift in revenue composition and a notable compression of operating and net profit margins. While the organization has successfully diversified its income streams away from a primary reliance on automotive sales, this transition has coincided with an increase in cost of revenues and operating expenditures as a percentage of total sales.
- Revenue Diversification and Mix
- A clear trend of diversification is observable. Automotive revenues, which peaked at 90.11% of total revenues in December 2021, declined to 72.66% by June 2026. This decline was offset by the growth of non-automotive segments. Energy generation and storage increased from 4.76% in March 2021 to a peak of 15.41% in December 2025. Similarly, the services and other category grew from 8.60% to 16.22% over the same period, indicating a transition toward a more balanced revenue model.
- Gross Profitability and Cost Structure
- Gross profit margins exhibited significant volatility, peaking at 29.11% in March 2022 before entering a general downward trend, ending at 16.83% in June 2026. This contraction is attributed to the cost of revenues, which rose from a low of 70.89% in March 2022 to a high of 83.17% by the end of the period. The cost of automotive sales remained the primary driver of expenses, fluctuating between 55.72% and 68.35% of total revenues.
- Operating Expense Analysis
- Operating expenses as a percentage of revenue showed an upward trend in the later stages of the period. Research and development costs increased from approximately 4-6% in the early periods to 8.40% by June 2026. Selling, general, and administrative expenses remained relatively stable but ended higher than their mid-period lows, finishing at 7.02%. Total operating expenses rose from 9.90% in March 2022 to 15.42% in June 2026, directly impacting operational efficiency.
- Operating and Net Income Trends
- Income from operations experienced a severe contraction, falling from a peak of 19.21% in March 2022 to 1.41% in June 2026. Net income margins followed a similar trajectory, generally declining from peaks in 2022 to 3.99% by mid-2026. A significant anomaly occurred in December 2023, where net income spiked to 31.56% due to a substantial tax benefit of 22.86% of revenues, rather than operational performance. Interest income showed a steady increase, rising from 0.10% to 1.49%, providing a minor buffer against declining operational margins.