Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Tesla Inc., profitability ratios
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
| 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
| 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
| 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
| 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
| 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. |