Tesla (TSLA) Return on Invested Capital [ROIC] (2011 - 2026)
Tesla (TSLA) reported Return on Invested Capital [ROIC] of 2.75% for Q3 2026, down 1.30 percentage points from 4.05% a year earlier and down 0.64 percentage points from the prior quarter.
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Analysis
Tesla (TSLA) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Tesla posted Return on Invested Capital [ROIC] of 3.68%, down 3.81 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined for three consecutive years, with a five-year change of -1.68 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 7.48% in FY2024 (-7.69 pp), 15.17% in FY2023 (-13.82 pp), 28.99% in FY2022 (+13.00 pp) and 15.99% in FY2021 (+10.63 pp).
- The Q3 2026 figure ranks as the lowest quarterly Return on Invested Capital [ROIC] since Q1 2020.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last 14 quarters, with an average year-over-year change of -3.74 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q1 2022 (a gain of 16.86 percentage points); the low point was Q4 2023 (a drop of 13.01 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 3.39% (Q2 2026), 3.82% (Q1 2026) and 3.54% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,160.73 Bn | 982.96 Bn | 5.49 Bn | 2.75% |
| 2 | General Motors | 75.19 Bn | -29.42 Bn | 9.28 Bn | 2.04% |
| 3 | Ferrari | 74.17 Bn | 66.47 Bn | 1.14 Bn | 29.31% |
| 4 | Ford Motor | 49.64 Bn | -84.78 Bn | 7.38 Bn | -2.37% |
| 5 | Honda Motor | 47.63 Bn | -102.18 Bn | 8.46 Bn | 0.00% |
| 6 | Toyota Motor | 28.28 Bn | -349.28 Bn | 19.83 Bn | 3.88% |
| 7 | Rivian Automotive | 19.71 Bn | -2.02 Bn | 176.00 Mn | -34.76% |
| 8 | Magna International | 17.43 Bn | 11.40 Bn | 1.63 Bn | - |
| 9 | Stellantis | 12.80 Bn | -148.64 Bn | 3.94 Bn | -14.65% |
| 10 | Li Auto | 12.62 Bn | -36.34 Bn | 417.98 Mn | -8.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.75% |
| Jun 30, 2026 | 3.39% |
| Mar 31, 2026 | 3.82% |
| Dec 31, 2025 | 3.54% |
| Sep 30, 2025 | 4.05% |
| Jun 30, 2025 | 5.33% |
| Mar 31, 2025 | 6.14% |
| Dec 31, 2024 | 7.01% |
| Sep 30, 2024 | 9.81% |
| Jun 30, 2024 | 9.03% |
| Mar 31, 2024 | 10.60% |
| Dec 31, 2023 | 13.98% |
| Sep 30, 2023 | 17.36% |
| Jun 30, 2023 | 21.85% |
| Mar 31, 2023 | 23.35% |
| Dec 31, 2022 | 26.99% |
| Sep 30, 2022 | 26.12% |
| Jun 30, 2022 | 23.61% |
| Mar 31, 2022 | 22.02% |
| Dec 31, 2021 | 15.71% |
API Access
Tesla Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=TSLA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "TSLA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=TSLA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();