Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Analysis of Profitability Ratios 

Microsoft Excel LibreOffice Calc

Profitability Ratios (Summary)

Tesla Inc., profitability ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Return on Sales
Gross profit margin 25.28% 21.02% 16.56% 18.83% 18.90%
Operating profit margin 12.12% 6.32% -0.28% -1.81% -13.88%
Net profit margin 10.25% 2.29% -3.51% -4.55% -16.68%
Return on Investment
Return on equity (ROE) 18.28% 3.24% -13.03% -19.83% -46.29%
Return on assets (ROA) 8.88% 1.38% -2.51% -3.28% -6.84%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Tesla Inc. gross profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Tesla Inc. operating profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Tesla Inc. net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Tesla Inc. ROE improved from 2019 to 2020 and from 2020 to 2021.
ROA A profitability ratio calculated as net income divided by total assets. Tesla Inc. ROA improved from 2019 to 2020 and from 2020 to 2021.

Gross Profit Margin

Tesla Inc., gross profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Gross profit 13,606  6,630  4,069  4,042  2,222 
Revenues 53,823  31,536  24,578  21,461  11,759 
Profitability Ratio
Gross profit margin1 25.28% 21.02% 16.56% 18.83% 18.90%
Benchmarks
Gross Profit Margin, Competitors2
Ford Motor Co. 9.12% 2.70% 6.20% 8.11% 9.83%
General Motors Co. 11.49% 10.25% 9.82% 9.31% 13.92%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenues
= 100 × 13,606 ÷ 53,823 = 25.28%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Tesla Inc. gross profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Operating Profit Margin

Tesla Inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Income (loss) from operations 6,523  1,994  (69) (388) (1,632)
Revenues 53,823  31,536  24,578  21,461  11,759 
Profitability Ratio
Operating profit margin1 12.12% 6.32% -0.28% -1.81% -13.88%
Benchmarks
Operating Profit Margin, Competitors2
Ford Motor Co. 3.59% -3.80% 0.40% 2.16% 3.30%
General Motors Co. 8.21% 6.10% 4.47% 3.34% 7.51%
Operating Profit Margin, Sector
Automobiles & Components 6.94% 1.65% 2.06% 2.40% 4.54%
Operating Profit Margin, Industry
Consumer Discretionary 8.14% 5.60% 7.32% 7.90% 8.32%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Operating profit margin = 100 × Income (loss) from operations ÷ Revenues
= 100 × 6,523 ÷ 53,823 = 12.12%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Tesla Inc. operating profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Net Profit Margin

Tesla Inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) attributable to common stockholders 5,519  721  (862) (976) (1,961)
Revenues 53,823  31,536  24,578  21,461  11,759 
Profitability Ratio
Net profit margin1 10.25% 2.29% -3.51% -4.55% -16.68%
Benchmarks
Net Profit Margin, Competitors2
Ford Motor Co. 14.22% -1.10% 0.03% 2.48% 5.22%
General Motors Co. 8.82% 5.91% 5.49% 6.02% -2.90%
Net Profit Margin, Sector
Automobiles & Components 11.40% 2.29% 2.03% 3.54% 0.61%
Net Profit Margin, Industry
Consumer Discretionary 8.29% 4.35% 5.72% 6.14% 4.44%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net profit margin = 100 × Net income (loss) attributable to common stockholders ÷ Revenues
= 100 × 5,519 ÷ 53,823 = 10.25%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Tesla Inc. net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Return on Equity (ROE)

Tesla Inc., ROE calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) attributable to common stockholders 5,519  721  (862) (976) (1,961)
Stockholders’ equity 30,189  22,225  6,618  4,923  4,237 
Profitability Ratio
ROE1 18.28% 3.24% -13.03% -19.83% -46.29%
Benchmarks
ROE, Competitors2
Ford Motor Co. 36.97% -4.17% 0.14% 10.23% 21.79%
General Motors Co. 16.77% 14.27% 16.11% 20.62% -11.04%
ROE, Sector
Automobiles & Components 24.18% 5.99% 7.25% 13.44% 2.40%
ROE, Industry
Consumer Discretionary 31.13% 19.75% 29.74% 30.34% 20.59%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROE = 100 × Net income (loss) attributable to common stockholders ÷ Stockholders’ equity
= 100 × 5,519 ÷ 30,189 = 18.28%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Tesla Inc. ROE improved from 2019 to 2020 and from 2020 to 2021.

Return on Assets (ROA)

Tesla Inc., ROA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) attributable to common stockholders 5,519  721  (862) (976) (1,961)
Total assets 62,131  52,148  34,309  29,740  28,655 
Profitability Ratio
ROA1 8.88% 1.38% -2.51% -3.28% -6.84%
Benchmarks
ROA, Competitors2
Ford Motor Co. 6.98% -0.48% 0.02% 1.43% 2.95%
General Motors Co. 4.09% 2.73% 2.95% 3.53% -1.82%
ROA, Sector
Automobiles & Components 5.94% 1.06% 1.14% 2.09% 0.36%
ROA, Industry
Consumer Discretionary 7.29% 3.63% 5.33% 5.86% 4.08%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROA = 100 × Net income (loss) attributable to common stockholders ÷ Total assets
= 100 × 5,519 ÷ 62,131 = 8.88%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Tesla Inc. ROA improved from 2019 to 2020 and from 2020 to 2021.