Company: Tesla, Inc.
Ticker: TSLA
Form: 10-K
Filed: 2026-01-29
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was Tesla, Inc.'s operating cash flow margin in fiscal year 2025?
Question Type: derived_ratio

Concept: NetCashProvidedByUsedInOperatingActivities
RevenueFromContractWithCustomerExcludingAssessedTax
Answer (Numeric): 15.55
Answer (Display): 15.55%
Unit: percent

Evidence:
[{"chunk_id": "148", "equivalent_chunk_ids": ["148"], "section": "Consolidated Statements of Cash Flows", "supports": ["numerator", "denominator"], "text": "(in millions)\nYear Ended December 31,\nCash Flows from Operating Activities\nNet income\n3,855\n7,153\n14,974\nAdjustments to reconcile net income to net cash provided by operating activities:\nDepreciation, amortization and impairment\n6,148\n5,368\n4,667\nStock-based compensation\n2,825\n1,999\n1,812\nInventory and purchase commitments write-downs\nForeign currency transaction net unrealized loss (gain)\nDeferred income taxes\n6,349\nNon-cash interest and other operating activities\nDigital assets loss (gain), net\nChanges in operating assets and liabilities:\nAccounts receivable\n1,083\nInventory\n1,195\nOperating lease vehicles\n1,952\nPrepaid expenses and other assets\n3,181\n3,273\n2,652\nAccounts payable, accrued and other liabilities\n4,376\n3,588\n2,605\nDeferred revenue\n1,532\nNet cash provided by operating activities\n14,747\n14,923\n13,256\nCash Flows from Investing Activities\nPurchases of property and equipment excluding finance leases, net of sales\n8,527\n11,342\n8,899\nPurchases of investments\n37,109\n35,955\n19,112\nProceeds from maturities of investments\n30,158\n28,310\n12,353\nProceeds from sales of investments\nBusiness combinations, net of cash acquired\nNet cash used in investing activities\n15,478\n18,787\n15,584\nCash Flows from Financing Activities\nProceeds from issuances of debt\n5,586\n5,744\n3,931\nRepayments of debt\n5,546\n2,500\n1,351\nProceeds from exercises of stock options and other stock issuances, net of issuance costs\n1,186\n1,241\nPrincipal payments on finance leases\nProceeds received from directors in shareholder settlement\nPayment of legal fees associated with shareholder settlement\nDebt issuance costs\nDistributions paid to noncontrolling interests in subsidiaries\nPayments for buy-outs of noncontrolling interests in subsidiaries\nNet cash provided by financing activities\n1,139\n3,853\n2,589\nEffect of exchange rate changes on cash and cash equivalents and restricted cash\nNet increase (decrease) in cash and cash equivalents and restricted cash\nCash and cash equivalents and restricted cash, beginning of period\n17,037\n17,189\n16,924\nCash and cash equivalents and restricted cash, end of period\n17,616\n17,037\n17,189\nSupplemental Non-Cash Investing and Financing Activities\nAcquisitions of property and equipment included in liabilities\n1,913\n1,410\n2,272\nSupplemental Disclosures\nCash paid during the period for interest\nThe accompanying notes are an integral part of these consolidated financial statements.\nTesla, Inc."}]

Derivation: {"denominator": "revenue", "denominator_value": 94827.0, "format": "percentage", "numerator": "operating_cash_flow", "numerator_value": 14747.0, "op": "divide"}