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Boeing vs Tesla: revenue, profit, margins and growth compared

Boeing brought in $89.5B of revenue in fiscal 2025, Tesla $94.8B in fiscal 2025. Revenue changed by +34.5% at Boeing and -2.9% at Tesla on the year before, so Boeing grew faster. Boeing kept 2.5% of its revenue as net profit, Tesla 4.0%. Free cash flow was -$1.9B at Boeing and $6.2B at Tesla.

Side by side, latest fiscal year

BATSLA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$89.5B$94.8B
Revenue growth+34.5%-2.9%
Net income$2.2B$3.8B
Net margin2.5%4.0%
Free cash flow-$1.9B$6.2B
Free cash flow margin-2.1%6.6%
Earnings per share (diluted)$2.48$1.08
Cash$10.9B$16.5B
Debt$53.8B$6.6B
Price to earnings79.9344.6
Market value$156.5B$1.47T
Dividend yieldn/an/a
Rank by revenue in sector#4 of 451 · Industrials#3 of 451 · Industrials

Over the years

Revenue
BA FY2018: $101.1BBA FY2019: $76.6BBA FY2020: $58.2BBA FY2021: $62.3BBA FY2022: $66.6BBA FY2023: $77.8BBA FY2024: $66.5BBA FY2025: $89.5BTSLA FY2018: $21.5BTSLA FY2019: $24.6BTSLA FY2020: $31.5BTSLA FY2021: $53.8BTSLA FY2022: $81.5BTSLA FY2023: $96.8BTSLA FY2024: $97.7BTSLA FY2025: $94.8BFY18FY19FY20FY21FY22FY23FY24FY25
BA $89.5BTSLA $94.8B
Net income
BA FY2018: $10.5BBA FY2019: -$636MBA FY2020: -$11.9BBA FY2021: -$4.2BBA FY2022: -$4.9BBA FY2023: -$2.2BBA FY2024: -$11.8BBA FY2025: $2.2BTSLA FY2018: -$976MTSLA FY2019: -$862MTSLA FY2020: $721MTSLA FY2021: $5.5BTSLA FY2022: $12.6BTSLA FY2023: $15BTSLA FY2024: $7.1BTSLA FY2025: $3.8BFY18FY19FY20FY21FY22FY23FY24FY25
BA $2.2BTSLA $3.8B
Net margin
BA FY2018: 10.3%BA FY2019: -0.8%BA FY2020: -20.4%BA FY2021: -6.7%BA FY2022: -7.4%BA FY2023: -2.9%BA FY2024: -17.8%BA FY2025: 2.5%TSLA FY2018: -4.5%TSLA FY2019: -3.5%TSLA FY2020: 2.3%TSLA FY2021: 10.3%TSLA FY2022: 15.4%TSLA FY2023: 15.5%TSLA FY2024: 7.3%TSLA FY2025: 4.0%FY18FY19FY20FY21FY22FY23FY24FY25
BA 2.5%TSLA 4.0%
Revenue growth
BA FY2019: -24.3%BA FY2020: -24.0%BA FY2021: +7.1%BA FY2022: +6.9%BA FY2023: +16.8%BA FY2024: -14.5%BA FY2025: +34.5%TSLA FY2019: +14.5%TSLA FY2020: +28.3%TSLA FY2021: +70.7%TSLA FY2022: +51.4%TSLA FY2023: +18.8%TSLA FY2024: +0.9%TSLA FY2025: -2.9%FY19FY20FY21FY22FY23FY24FY25
BA +34.5%TSLA -2.9%
Free cash flow
BA FY2018: $13.6BBA FY2019: -$4.3BBA FY2020: -$19.7BBA FY2021: -$4.4BBA FY2022: $2.3BBA FY2023: $4.4BBA FY2024: -$14.3BBA FY2025: -$1.9BTSLA FY2018: -$3MTSLA FY2019: $1.1BTSLA FY2020: $2.8BTSLA FY2021: $5BTSLA FY2022: $7.6BTSLA FY2023: $4.4BTSLA FY2024: $3.6BTSLA FY2025: $6.2BFY18FY19FY20FY21FY22FY23FY24FY25
BA -$1.9BTSLA $6.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Boeing and Tesla

Which is bigger by revenue, Boeing or Tesla?

Tesla is bigger by revenue: $94.8B in fiscal 2025, against $89.5B for Boeing in fiscal 2025.

Which keeps more of its revenue as profit, Boeing or Tesla?

Boeing had a net margin of 2.5% in fiscal 2025; Tesla had 4.0% in fiscal 2025.

Which grew revenue faster, Boeing or Tesla?

In their latest fiscal years revenue changed by +34.5% at Boeing and -2.9% at Tesla.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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