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Tesla vs United Parcel Service: revenue, profit, margins and growth compared

Tesla brought in $94.8B of revenue in fiscal 2025, United Parcel Service $88.7B in fiscal 2025. Revenue changed by -2.9% at Tesla and -2.6% at United Parcel Service on the year before, so United Parcel Service grew faster. Tesla kept 4.0% of its revenue as net profit, United Parcel Service 6.3%. Free cash flow was $6.2B at Tesla and $4.8B at United Parcel Service.

Side by side, latest fiscal year

TSLAUPS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$94.8B$88.7B
Revenue growth-2.9%-2.6%
Net income$3.8B$5.6B
Net margin4.0%6.3%
Free cash flow$6.2B$4.8B
Free cash flow margin6.6%5.4%
Earnings per share (diluted)$1.08$6.56
Cash$16.5B$5.9B
Debt$6.6B$23.6B
Price to earnings344.614.3
Market value$1.47T$79.9B
Dividend yieldn/a6.98%
Rank by revenue in sector#3 of 451 · Industrials#5 of 451 · Industrials

Over the years

Revenue
TSLA FY2018: $21.5BTSLA FY2019: $24.6BTSLA FY2020: $31.5BTSLA FY2021: $53.8BTSLA FY2022: $81.5BTSLA FY2023: $96.8BTSLA FY2024: $97.7BTSLA FY2025: $94.8BUPS FY2018: $71.9BUPS FY2019: $74.1BUPS FY2020: $84.6BUPS FY2021: $97.3BUPS FY2022: $100.3BUPS FY2023: $91BUPS FY2024: $91.1BUPS FY2025: $88.7BFY18FY19FY20FY21FY22FY23FY24FY25
TSLA $94.8BUPS $88.7B
Net income
TSLA FY2018: -$976MTSLA FY2019: -$862MTSLA FY2020: $721MTSLA FY2021: $5.5BTSLA FY2022: $12.6BTSLA FY2023: $15BTSLA FY2024: $7.1BTSLA FY2025: $3.8BUPS FY2018: $4.8BUPS FY2019: $4.4BUPS FY2020: $1.3BUPS FY2021: $12.9BUPS FY2022: $11.5BUPS FY2023: $6.7BUPS FY2024: $5.8BUPS FY2025: $5.6BFY18FY19FY20FY21FY22FY23FY24FY25
TSLA $3.8BUPS $5.6B
Net margin
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%UPS FY2018: 6.7%UPS FY2019: 6.0%UPS FY2020: 1.6%UPS FY2021: 13.2%UPS FY2022: 11.5%UPS FY2023: 7.4%UPS FY2024: 6.3%UPS FY2025: 6.3%FY18FY19FY20FY21FY22FY23FY24FY25
TSLA 4.0%UPS 6.3%
Revenue growth
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%UPS FY2019: +3.1%UPS FY2020: +14.2%UPS FY2021: +15.0%UPS FY2022: +3.1%UPS FY2023: -9.3%UPS FY2024: +0.1%UPS FY2025: -2.6%FY19FY20FY21FY22FY23FY24FY25
TSLA -2.9%UPS -2.6%
Free cash flow
TSLA FY2018: -$3MTSLA FY2019: $1.1BTSLA FY2020: $2.8BTSLA FY2021: $5BTSLA FY2022: $7.6BTSLA FY2023: $4.4BTSLA FY2024: $3.6BTSLA FY2025: $6.2BUPS FY2018: $6.4BUPS FY2019: $2.3BUPS FY2020: $5BUPS FY2021: $10.8BUPS FY2022: $9.3BUPS FY2023: $5.1BUPS FY2024: $6.2BUPS FY2025: $4.8BFY18FY19FY20FY21FY22FY23FY24FY25
TSLA $6.2BUPS $4.8B

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

Questions about Tesla and United Parcel Service

Which is bigger by revenue, Tesla or United Parcel Service?

Tesla is bigger by revenue: $94.8B in fiscal 2025, against $88.7B for United Parcel Service in fiscal 2025.

Which keeps more of its revenue as profit, Tesla or United Parcel Service?

Tesla had a net margin of 4.0% in fiscal 2025; United Parcel Service had 6.3% in fiscal 2025.

Which grew revenue faster, Tesla or United Parcel Service?

In their latest fiscal years revenue changed by -2.9% at Tesla and -2.6% at United Parcel Service.

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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