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Side-by-side financial comparison of Ford Motor Company (F) and Tesla, Inc. (TSLA), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Ford Motor Company is the larger business by last-quarter revenue ($45.9B vs $24.9B, roughly 1.8× Tesla, Inc.). Tesla, Inc. runs the higher net margin — -24.1% vs 3.4%, a 27.5% gap on every dollar of revenue. On growth, Tesla, Inc. posted the faster year-over-year revenue change (-3.1% vs -4.8%). Tesla, Inc. produced more free cash flow last quarter ($1.4B vs $1.1B). Over the past eight quarters, Tesla, Inc.'s revenue compounded faster (8.1% CAGR vs 3.6%).
The Ford Motor Company is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln brand. The company is listed on the New York Stock Exchange under the single-letter ticker symbol F and is controlled by the Ford family.
Tesla, Inc.TSLAEarnings & Financial Report
Tesla, Inc. is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures, and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
F vs TSLA — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $45.9B | $24.9B |
| Net Profit | $-11.1B | $840.0M |
| Gross Margin | -12.5% | 20.1% |
| Operating Margin | -25.2% | 5.7% |
| Net Margin | -24.1% | 3.4% |
| Revenue YoY | -4.8% | -3.1% |
| Net Profit YoY | -706.0% | -63.7% |
| EPS (diluted) | $-2.77 | $0.24 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $45.9B | $24.9B | ||
| Q3 25 | $50.5B | $28.1B | ||
| Q2 25 | $50.2B | $22.5B | ||
| Q1 25 | $40.7B | $19.3B | ||
| Q4 24 | $48.2B | $25.7B | ||
| Q3 24 | $46.2B | $25.2B | ||
| Q2 24 | $47.8B | $25.5B | ||
| Q1 24 | $42.8B | $21.3B |
| Q4 25 | $-11.1B | $840.0M | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | $-36.0M | $1.2B | ||
| Q1 25 | $471.0M | $409.0M | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $892.0M | $2.2B | ||
| Q2 24 | $1.8B | $1.5B | ||
| Q1 24 | $1.3B | $1.1B |
| Q4 25 | -12.5% | 20.1% | ||
| Q3 25 | 14.1% | 18.0% | ||
| Q2 25 | 11.8% | 17.2% | ||
| Q1 25 | 13.5% | 16.3% | ||
| Q4 24 | 14.3% | 16.3% | ||
| Q3 24 | 13.0% | 19.8% | ||
| Q2 24 | 15.3% | 18.0% | ||
| Q1 24 | 14.7% | 17.4% |
| Q4 25 | -25.2% | 5.7% | ||
| Q3 25 | 3.1% | 5.8% | ||
| Q2 25 | 1.0% | 4.1% | ||
| Q1 25 | 0.8% | 2.1% | ||
| Q4 24 | 2.6% | 6.2% | ||
| Q3 24 | 1.9% | 10.8% | ||
| Q2 24 | 3.9% | 6.3% | ||
| Q1 24 | 2.9% | 5.5% |
| Q4 25 | -24.1% | 3.4% | ||
| Q3 25 | 4.8% | 4.9% | ||
| Q2 25 | -0.1% | 5.2% | ||
| Q1 25 | 1.2% | 2.1% | ||
| Q4 24 | 3.8% | 9.0% | ||
| Q3 24 | 1.9% | 8.6% | ||
| Q2 24 | 3.8% | 5.8% | ||
| Q1 24 | 3.1% | 5.3% |
| Q4 25 | $-2.77 | $0.24 | ||
| Q3 25 | $0.60 | $0.39 | ||
| Q2 25 | $-0.01 | $0.33 | ||
| Q1 25 | $0.12 | $0.12 | ||
| Q4 24 | $0.45 | $0.66 | ||
| Q3 24 | $0.22 | $0.62 | ||
| Q2 24 | $0.46 | $0.42 | ||
| Q1 24 | $0.33 | $0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $38.5B | $44.1B |
| Total DebtLower is stronger | — | $6.6B |
| Stockholders' EquityBook value | $36.0B | $82.1B |
| Total Assets | $289.2B | $137.8B |
| Debt / EquityLower = less leverage | — | 0.08× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $38.5B | $44.1B | ||
| Q3 25 | $42.2B | $41.6B | ||
| Q2 25 | $37.5B | $36.8B | ||
| Q1 25 | $35.2B | $37.0B | ||
| Q4 24 | $38.3B | $36.6B | ||
| Q3 24 | $36.9B | $33.6B | ||
| Q2 24 | $34.6B | $30.7B | ||
| Q1 24 | $34.5B | $26.9B |
| Q4 25 | — | $6.6B | ||
| Q3 25 | — | $5.6B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $5.3B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | $36.0B | $82.1B | ||
| Q3 25 | $47.4B | $80.0B | ||
| Q2 25 | $45.1B | $77.3B | ||
| Q1 25 | $44.6B | $74.7B | ||
| Q4 24 | $44.8B | $72.9B | ||
| Q3 24 | $44.3B | $69.9B | ||
| Q2 24 | $43.6B | $66.5B | ||
| Q1 24 | $42.9B | $64.4B |
| Q4 25 | $289.2B | $137.8B | ||
| Q3 25 | $301.0B | $133.7B | ||
| Q2 25 | $292.7B | $128.6B | ||
| Q1 25 | $284.5B | $125.1B | ||
| Q4 24 | $285.2B | $122.1B | ||
| Q3 24 | $287.0B | $119.9B | ||
| Q2 24 | $276.6B | $112.8B | ||
| Q1 24 | $274.3B | $109.2B |
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.9B | $3.8B |
| Free Cash FlowOCF − Capex | $1.1B | $1.4B |
| FCF MarginFCF / Revenue | 2.4% | 5.7% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 6.1% | 9.6% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | 4.54× |
| TTM Free Cash FlowTrailing 4 quarters | $12.5B | $6.2B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $3.9B | $3.8B | ||
| Q3 25 | $7.4B | $6.2B | ||
| Q2 25 | $6.3B | $2.5B | ||
| Q1 25 | $3.7B | $2.2B | ||
| Q4 24 | $3.0B | $4.8B | ||
| Q3 24 | $5.5B | $6.3B | ||
| Q2 24 | $5.5B | $3.6B | ||
| Q1 24 | $1.4B | $242.0M |
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $5.3B | $4.0B | ||
| Q2 25 | $4.2B | $146.0M | ||
| Q1 25 | $1.9B | $664.0M | ||
| Q4 24 | $530.0M | $2.0B | ||
| Q3 24 | $3.5B | $2.7B | ||
| Q2 24 | $3.4B | $1.3B | ||
| Q1 24 | $-709.0M | $-2.5B |
| Q4 25 | 2.4% | 5.7% | ||
| Q3 25 | 10.4% | 14.2% | ||
| Q2 25 | 8.4% | 0.6% | ||
| Q1 25 | 4.6% | 3.4% | ||
| Q4 24 | 1.1% | 7.9% | ||
| Q3 24 | 7.6% | 10.9% | ||
| Q2 24 | 7.1% | 5.3% | ||
| Q1 24 | -1.7% | -11.9% |
| Q4 25 | 6.1% | 9.6% | ||
| Q3 25 | 4.2% | 8.0% | ||
| Q2 25 | 4.2% | 10.6% | ||
| Q1 25 | 4.5% | 7.7% | ||
| Q4 24 | 5.2% | 10.8% | ||
| Q3 24 | 4.3% | 14.0% | ||
| Q2 24 | 4.4% | 8.9% | ||
| Q1 24 | 4.9% | 13.0% |
| Q4 25 | — | 4.54× | ||
| Q3 25 | 3.02× | 4.54× | ||
| Q2 25 | — | 2.17× | ||
| Q1 25 | 7.81× | 5.27× | ||
| Q4 24 | 1.66× | 2.08× | ||
| Q3 24 | 6.17× | 2.89× | ||
| Q2 24 | 3.01× | 2.44× | ||
| Q1 24 | 1.04× | 0.21× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
F
| Ford Blue | $26.2B | 57% |
| Ford Pro | $14.9B | 33% |
| Financingincome | $2.1B | 5% |
| Ford Model E | $1.3B | 3% |
| Service And Other Revenue | $917.0M | 2% |
| Extended Service Contracts | $455.0M | 1% |
| Leasingincome | $79.0M | 0% |
| Insuranceincome | $44.0M | 0% |
TSLA
| Automotive Sales | $16.8B | 67% |
| Energy Generation And Storage Sales | $3.7B | 15% |
| Services & Other | $3.4B | 14% |
| Automotive Regulatory Credits | $542.0M | 2% |
| Automotive Leasing | $401.0M | 2% |
| Energy Generation And Storage Leasing | $115.0M | 0% |
