Tesla (TSLA) Return on Invested Capital [ROIC] (2011 - 2026)
Tesla (TSLA) reported Return on Invested Capital [ROIC] of 3.70% for Q2 2026, down 1.98 percentage points from 5.68% a year earlier and down 0.45 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 3.96%, down 3.97 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined for three consecutive years, with a five-year change of -4.68 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 7.94% in FY2024 (-7.84 pp), 15.77% in FY2023 (-15.71 pp), 31.48% in FY2022 (+11.40 pp) and 20.08% in FY2021 (+11.44 pp).
- The Q2 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 -4.64 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 17.65 percentage points); the low point was Q4 2023 (a drop of 13.52 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 4.14% (Q1 2026), 3.81% (Q4 2025) and 4.32% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,223.67 Bn | 1,049.69 Bn | 4.75 Bn | 3.70% |
| 2 | Toyota Motor | 243.73 Bn | -163.01 Bn | 20.95 Bn | 2.23% |
| 3 | Honda Motor | 126.52 Bn | -7.78 Bn | 8.46 Bn | 3.66% |
| 4 | General Motors | 72.50 Bn | -34.01 Bn | 7.33 Bn | 0.95% |
| 5 | Ferrari | 68.83 Bn | 61.27 Bn | 1.18 Bn | 24.03% |
| 6 | Ford Motor | 48.36 Bn | -94.13 Bn | 6.08 Bn | -2.19% |
| 7 | Rivian Automotive | 18.97 Bn | -4.34 Bn | 179.00 Mn | -38.30% |
| 8 | Magna International | 18.29 Bn | 15.51 Bn | 1.61 Bn | 32.21% |
| 9 | Stellantis | 13.35 Bn | -153.18 Bn | 5.55 Bn | -0.95% |
| 10 | Li Auto | 11.09 Bn | -42.99 Bn | 417.98 Mn | -8.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.70% |
| Mar 31, 2026 | 4.14% |
| Dec 31, 2025 | 3.81% |
| Sep 30, 2025 | 4.32% |
| Jun 30, 2025 | 5.68% |
| Mar 31, 2025 | 6.58% |
| Dec 31, 2024 | 7.53% |
| Sep 30, 2024 | 10.55% |
| Jun 30, 2024 | 9.58% |
| Mar 31, 2024 | 11.06% |
| Dec 31, 2023 | 14.58% |
| Sep 30, 2023 | 17.88% |
| Jun 30, 2023 | 22.30% |
| Mar 31, 2023 | 24.04% |
| Dec 31, 2022 | 28.11% |
| Sep 30, 2022 | 27.73% |
| Jun 30, 2022 | 25.50% |
| Mar 31, 2022 | 24.70% |
| Dec 31, 2021 | 18.66% |
| Sep 30, 2021 | 13.90% |
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();