General Motors Company

GM · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Valuation
Market cap	$75,860	$58,575	$49,192	$47,792	$85,123	$60,455	$53,138	$48,565	$59,512	$50,583	$49,378	$56,031	$56,932	$45,148	$31,135	$55,290	–	–
Enterprise value	$180,517	$164,649	$149,277	$136,290	$172,909	$146,927	$138,394	$130,623	$131,105	$101,530	$89,540	$75,087	$64,689	$35,582	$12,642	$40,216	–	–
P/E (TTM) at period end	23.86×	8.15×	4.91×	5.36×	8.65×	9.68×	8.07×	6.14×	–	5.37×	5.10×	19.98×	15.10×	9.29×	4.10×	11.84×	–	–
P/S (TTM) at period end	0.41×	0.31×	0.29×	0.30×	0.67×	0.49×	0.39×	0.33×	0.41×	0.34×	0.36×	0.36×	0.37×	0.30×	0.21×	0.41×	–	–
P/B at period end	1.24×	0.93×	0.77×	0.70×	1.42×	1.34×	1.27×	1.25×	1.70×	1.15×	1.24×	1.58×	1.34×	1.25×	0.82×	1.53×	–	–
EV / EBITDA (TTM)	12.12×	6.79×	7.10×	6.31×	8.09×	7.61×	7.08×	7.43×	6.36×	5.53×	7.28×	8.56×	4.91×	4.24×	0.97×	3.34×	–	–
EV / Sales (TTM)	0.98×	0.88×	0.87×	0.87×	1.36×	1.20×	1.01×	0.89×	0.90×	0.68×	0.66×	0.48×	0.42×	0.23×	0.08×	0.30×	–	–
Returns
Return on equity	5.2%	11.4%	15.6%	13.2%	16.5%	13.9%	15.7%	20.4%	(11.1%)	21.5%	24.3%	7.9%	8.8%	13.4%	19.9%	12.9%	493.3%	–
Return on invested capital	1.5%	5.1%	5.1%	5.1%	4.7%	3.7%	3.7%	3.3%	0.2%	6.3%	6.3%	2.3%	6.2%	–	15.8%	16.9%	(100.8%)	–
Dividend yield	0.9%	1.1%	1.2%	0.8%	0.2%	1.1%	4.4%	4.6%	3.8%	4.7%	4.5%	3.4%	3.0%	2.1%	2.9%	2.8%	–	–
Financial health
Current ratio	1.17×	1.13×	1.08×	1.10×	1.10×	1.01×	0.88×	0.92×	0.89×	0.89×	0.97×	1.27×	1.31×	1.30×	1.22×	1.13×	1.13×	0.59×
Debt / equity	2.13×	2.06×	1.89×	1.69×	1.83×	2.44×	2.47×	2.70×	2.69×	1.71×	1.58×	1.32×	0.85×	0.44×	0.36×	0.32×	0.74×	(0.54×)
Effective tax rate	10.8%	30.0%	5.4%	16.3%	21.8%	21.9%	10.3%	5.5%	97.2%	22.8%	(14.6%)	5.4%	28.5%	115.1%	(1.8%)	11.7%	(2.1%)	(6.0%)
Share count
Diluted shares outstanding	973	1,129	1,369	1,454	1,468	1,442	1,439	1,431	1,492	1,570	1,640	1,687	1,676	1,675	1,668	1,624	925	579

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Revenue and gross profit
Revenue	$186,952	$185,019	$187,442	$171,842	$156,735	$127,004	$122,485	$137,237	$147,049	$145,588	$149,184	$135,725	$155,929	$155,427	$152,256	$150,276	$135,592	$105,810	$148,781
Cost of revenue	–	($164,923)	($154,837)	($142,804)	($126,892)	($100,544)	($97,539)	($110,651)	($120,656)	($116,229)	($121,784)	($112,995)	($138,082)	($134,925)	($140,236)	($130,386)	($118,768)	($102,590)	($136,933)
Gross profit	–	$20,096	$32,605	$29,038	$29,843	$26,460	$24,946	$26,586	$26,393	$29,359	$27,400	$22,730	$17,847	$20,502	$12,020	$19,890	$16,824	$3,220	$11,848
Operating expenses
Research and development	–	($8,500)	($9,200)	($9,900)	($9,800)	($7,900)	($6,200)	($6,800)	($7,800)	($7,300)	($6,600)	($7,500)	($7,400)	($7,200)	($7,400)	($8,100)	($6,962)	($6,051)	($8,000)
Selling, general and administrative	($8,819)	($8,687)	($10,621)	($9,840)	($10,667)	($8,554)	($7,038)	($8,491)	($9,650)	($9,570)	($10,345)	($11,888)	($12,158)	($12,382)	($14,031)	($12,163)	($11,446)	($12,167)	($13,794)
Total operating expenses	($48,942)	($17,187)	($19,821)	($19,740)	($19,528)	($17,136)	($18,312)	($21,105)	($21,948)	($20,698)	($18,714)	($17,192)	($16,317)	($15,371)	($42,383)	($14,234)	($11,716)	($18,397)	($26,591)
Total costs and expenses	($182,615)	($182,110)	($174,658)	($162,544)	($146,420)	($117,680)	($115,851)	($131,756)	($142,604)	($136,927)	($140,498)	($130,187)	($154,399)	($150,296)	($182,619)	($144,620)	($130,484)	($120,987)	($163,524)
Operating income	$4,337	$2,909	$12,784	$9,298	$10,315	$9,324	$6,634	$5,481	$4,445	$8,661	$8,686	$5,538	$1,530	$5,131	($30,363)	$5,656	$5,108	($15,177)	($14,743)
Earnings
EBITDA	$16,333	$14,889	$24,240	$21,035	$21,591	$21,371	$19,310	$19,541	$17,587	$20,628	$18,372	$12,291	$8,768	$13,172	$8,399	$13,083	$12,038	($3,793)	($4,540)
Interest income	$2,339	$1,535	$1,257	$1,537	$460	$146	$1,885	$1,469	$2,596	$1,645	$1,603	$614	$211	$246	$343	$455	$465	$367	$712
Interest expense	($638)	($727)	($846)	($911)	($987)	($950)	($4,121)	($4,423)	($3,880)	($3,141)	($2,535)	($1,883)	($1,829)	($1,049)	($772)	($744)	($1,135)	($6,112)	($2,624)
Pre-tax income	$4,609	$3,117	$8,519	$10,403	$11,597	$12,716	$8,095	$7,436	$8,549	$11,863	$12,008	$8,371	$4,246	$7,458	($30,257)	$5,985	$5,737	$103,051	($29,202)
Income tax expense	($433)	($338)	($2,556)	($563)	($1,888)	($2,771)	($1,774)	($769)	($474)	($11,533)	($2,739)	$1,219	($228)	($2,127)	$34,831	$110	($672)	$2,166	($1,766)
Net income	$3,957	$2,697	$6,008	$10,127	$9,934	$10,019	$6,427	$6,732	$8,014	($3,864)	$9,427	$9,687	$3,949	$5,346	$6,188	$9,190	$6,172	$104,821	($30,860)
Per share
Diluted EPS (GAAP)	$4.36	$3.27	$6.37	$7.32	$6.13	$6.70	$4.33	$4.57	$5.53	($2.60)	$6.00	$5.91	$1.65	$2.38	$2.92	$4.58	$2.89	$113.18	($53.44)
Basic EPS (GAAP)	$4.50	$3.33	$6.45	$7.35	$6.17	$6.78	$4.36	$4.62	$5.61	($2.65)	$6.12	$6.11	$1.75	$2.71	$3.10	$4.94	$3.11	$113.18	($53.44)
Basic shares outstanding	900	955	1,115	1,364	1,445	1,451	1,433	1,424	1,411	1,465	1,540	1,586	1,605	1,393	1,566	1,536	1,500	925	579
Margins
Gross margin	–	10.9%	17.4%	16.9%	19.0%	20.8%	20.4%	19.4%	17.9%	20.2%	18.4%	16.7%	11.4%	13.2%	7.9%	13.2%	12.4%	3.0%	8.0%
Operating margin	2.3%	1.6%	6.8%	5.4%	6.6%	7.3%	5.4%	4.0%	3.0%	5.9%	5.8%	4.1%	1.0%	3.3%	(19.9%)	3.8%	3.8%	(14.3%)	(9.9%)
Net margin	2.1%	1.5%	3.2%	5.9%	6.3%	7.9%	5.2%	4.9%	5.4%	(2.7%)	6.3%	7.1%	2.5%	3.4%	4.1%	6.1%	4.6%	99.1%	(20.7%)

Analyst consensus

Buy51 analysts

Bearish · 4 · Hold · 13 · Bullish · 34

Earnings history

	EPS	Estimate
Q4 2024	$1.92	$1.75	Beat
Q1 2025	$2.78	$2.68	Beat
Q2 2025	$2.53	$2.34	Beat
Q3 2025	$2.80	$2.29	Beat
Q4 2025	$2.51	$2.26	Beat
Q1 2026	$3.70	$2.61	Beat
Q2 2026	$3.57	$3.19	Beat
Q3 2026	$3.70	$3.69	Beat

Peers

Company overview

IPO dateNov 18, 2010

CEOMary T. Barra

Employees156,000

SectorConsumer Cyclical

IndustryAuto - Manufacturers

CountryUS

ExchangeNew York Stock Exchange

Websitewww.gm.com

General Motors Company, a prominent global automotive enterprise, is engaged in the design, manufacturing, and distribution of a wide array of vehicles—including trucks, crossovers (SUVs), and passenger cars—along with related parts and accessories. Its expansive reach covers numerous regions such as North America, the Asia Pacific, the Middle East, Africa, South America, with significant operations in the United States and China. The company organizes its business into distinct segments: GM North America, GM International, Cruise, and GM Financial. It markets its diverse vehicle lineup under well-known brand names like Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling. Beyond selling to individual consumers through dealerships, GM also supplies its vehicles—including specialized models—to a variety of fleet clients, such as daily rental companies, commercial businesses, leasing firms, and government agencies. GM further extends its offerings with a comprehensive suite of advanced services for both retail and fleet customers. These include vital safety and security features like automated crash response, emergency support, roadside assistance, crisis intervention, stolen vehicle recovery, and turn-by-turn navigation. Additionally, it provides a robust set of connected services, encompassing mobile applications for remote vehicle control and locating electric vehicle charging stations, on-demand diagnostics, smart driver insights, integrated in-vehicle commerce, voice assistants, a navigation and app ecosystem, connected navigation, SiriusXM with 360L, and 4G LTE wireless connectivity. The company is also actively involved in pioneering and commercializing autonomous vehicle technology. Furthermore, GM offers automotive financing and insurance solutions, alongside various software-enabled services and subscription models. Established in 1908, General Motors Company maintains its corporate headquarters in Detroit, Michigan.

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