NYSE : GM
General Motors Company — Financial statements
Consumer Discretionary · Auto Manufacturers · United States
Last price 85.72 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 72.31B
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Financial statements
General Motors Company (GM) reported revenue of 186.95B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 169.80B | 167.97B | 171.61B | 157.66B | 143.97B | 113.59B |
| Other Revenue | 17.15B | 17.05B | 15.84B | 14.18B | 12.76B | 13.41B |
| Revenue | 186.95B | 185.02B | 187.44B | 171.84B | 156.74B | 127.00B |
| Cost of Revenue | 150.97B | 150.93B | 151.06B | 141.33B | 126.89B | 100.54B |
| Gross Profit | 21.39B | 19.84B | 23.15B | 19.28B | 21.15B | 18.08B |
| Selling, General & Admin | 8.62B | 8.44B | 10.43B | 9.66B | 9.15B | 6.64B |
| Operating Expenses | 8.62B | 8.44B | 10.43B | 9.66B | 9.15B | 6.64B |
| Operating Income | 12.77B | 11.39B | 12.72B | 9.62B | 12.00B | 11.43B |
| Interest Expense | -639.00M | -727.00M | -846.00M | -911.00M | -987.00M | -950.00M |
| Interest & Investment Income | 794.00M | 854.00M | 967.00M | 1.11B | 460.00M | 146.00M |
| Earnings From Equity Investments | -314.00M | -639.00M | -4.42B | 342.00M | 664.00M | 1.10B |
| Currency Exchange Gain (Loss) | -363.00M | -363.00M | 321.00M | -349.00M | -172.00M | |
| Other Non Operating Income (Expenses) | 488.00M | 527.00M | 2.00M | 669.00M | 525.00M | 415.00M |
| EBT Excluding Unusual Items | 12.73B | 11.04B | 8.74B | 10.48B | 12.49B | 12.14B |
| Merger & Restructuring Charges | -7.70B | -7.70B | -657.00M | |||
| Gain (Loss) on Sale of Investments | 74.00M | 274.00M | -225.00M | -77.00M | -236.00M | 571.00M |
| Legal Settlements | -500.00M | -500.00M | ||||
| Pretax Income | 4.61B | 3.12B | 8.52B | 10.40B | 11.60B | 12.72B |
| Income Tax Expense | 434.00M | 338.00M | 2.56B | 563.00M | 1.89B | 2.77B |
| Earnings From Continuing Operations | 4.17B | 2.78B | 5.96B | 9.84B | 9.71B | 9.95B |
| Net Income to Company | 4.17B | 2.78B | 5.96B | 9.84B | 9.71B | 9.95B |
| Minority Interest in Earnings | -218.00M | -83.00M | 45.00M | 287.00M | 226.00M | 74.00M |
| Net Income | 3.96B | 2.70B | 6.01B | 10.13B | 9.93B | 10.02B |
| Preferred Dividends & Other Adjustments | 82.00M | -483.00M | -1.18B | 106.00M | 1.02B | 182.00M |
| Net Income to Common | 3.88B | 3.18B | 7.19B | 10.02B | 8.91B | 9.84B |
| Shares Outstanding (Basic) | 901.00M | 955.00M | 1.11B | 1.36B | 1.45B | 1.45B |
| Shares Outstanding (Diluted) | 919.00M | 973.00M | 1.13B | 1.37B | 1.45B | 1.47B |
| EPS (Basic) | 4.30 | 3.33 | 6.45 | 7.35 | 6.17 | 6.78 |
| EPS (Diluted) | 4.23 | 3.27 | 6.37 | 7.32 | 6.13 | 6.70 |
| Free Cash Flow | 14.39B | 17.56B | 9.30B | 9.96B | 6.80B | 7.68B |
| Free Cash Flow Per Share | 15.66 | 18.05 | 8.24 | 7.28 | 4.68 | 5.23 |
| Dividend Per Share | 0.69 | 0.57 | 0.48 | 0.36 | 0.18 | |
| Gross Margin | 11.44% | 10.72% | 12.35% | 11.22% | 13.50% | 14.24% |
| Operating Margin | 6.83% | 6.16% | 6.79% | 5.60% | 7.66% | 9.00% |
| Profit Margin | 2.07% | 1.72% | 3.84% | 5.83% | 5.69% | 7.75% |
| Free Cash Flow Margin | 7.70% | 9.49% | 4.96% | 5.80% | 4.34% | 6.05% |
| EBITDA | 18.82B | 17.63B | 18.69B | 15.78B | 17.82B | 16.89B |
| EBITDA Margin | 10.06% | 9.53% | 9.97% | 9.19% | 11.37% | 13.30% |
| D&A For EBITDA | 6.05B | 6.24B | 5.97B | 6.16B | 5.83B | 5.46B |
| EBIT | 12.77B | 11.39B | 12.72B | 9.62B | 12.00B | 11.43B |
| EBIT Margin | 6.83% | 6.16% | 6.79% | 5.60% | 7.66% | 9.00% |
| Effective Tax Rate | 9.42% | 10.84% | 30.00% | 5.41% | 16.28% | 21.79% |
| Revenue as Reported | 186.95B | 185.02B | 187.44B | 171.84B | 156.74B | 127.00B |
| Advertising Expenses | 3.10B | 3.30B | 3.60B | 4.00B | 3.30B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 23.20B | 20.95B | 19.87B | 13.55B | 15.15B | 16.07B |
| Short-Term Investments | 4.61B | 6.72B | 7.26B | 7.61B | 12.15B | 8.61B |
| Cash & Short-Term Investments | 27.80B | 27.67B | 27.14B | 21.17B | 27.30B | 24.68B |
| Accounts Receivable | 17.14B | 12.71B | 12.48B | 12.38B | 13.33B | 7.39B |
| Other Receivables | 341.00M | 343.00M | ||||
| Receivables | 17.14B | 13.05B | 12.83B | 12.38B | 13.33B | 7.39B |
| Inventory | 15.64B | 14.47B | 14.56B | 16.46B | 15.37B | 12.99B |
| Finance Div. Loans and Leases | 46.45B | 45.27B | 46.36B | 39.08B | 33.62B | 26.65B |
| Finance Div. Other Current Assets | 3.15B | 2.63B | 2.41B | 7.70B | 6.18B | 6.29B |
| Restricted Cash | 261.00M | 277.00M | 198.00M | 206.00M | 180.00M | 644.00M |
| Other Current Assets | 5.42B | 5.40B | 5.05B | 4.63B | 4.47B | 3.46B |
| Total Current Assets | 115.87B | 108.77B | 108.55B | 101.62B | 100.45B | 82.10B |
| Property, Plant & Equipment | 54.80B | 52.68B | 52.82B | 51.30B | 46.35B | 42.22B |
| Long-Term Investments | 4.39B | 4.56B | 5.90B | 8.94B | 8.51B | 7.96B |
| Other Intangible Assets | 4.28B | 3.02B | 3.21B | 3.51B | 3.60B | 3.75B |
| Finance Div. Loans and Leases Long-Term | 44.98B | 44.38B | 46.47B | 45.04B | 40.59B | 36.17B |
| Long-Term Deferred Tax Assets | 22.14B | 22.96B | 21.25B | 22.34B | 20.54B | 21.15B |
| Other Long-Term Assets | 8.13B | 7.98B | 6.18B | 4.77B | 5.66B | 9.09B |
| Total Assets | 289.18B | 281.28B | 279.76B | 273.06B | 264.04B | 244.72B |
| Accounts Payable | 29.76B | 23.92B | 25.68B | 28.11B | 27.49B | 20.39B |
| Accrued Expenses | 33.10B | 23.23B | 22.97B | 21.01B | 19.13B | 13.86B |
| Short-Term Debt | 529.00M | 656.00M | 2.14B | 428.00M | 1.96B | 463.00M |
| Current Portion of Leases | 266.00M | 254.00M | 264.00M | 247.00M | 204.00M | |
| Finance Div. Debt Current | 42.94B | 35.01B | 37.29B | 38.54B | 36.82B | 33.26B |
| Current Unearned Revenue | 3.95B | 3.37B | 2.80B | 2.49B | 2.46B | |
| Other Current Liabilities | 1.00M | 6.31B | 4.55B | 3.28B | 3.04B | 3.77B |
| Total Current Liabilities | 106.33B | 93.34B | 96.27B | 94.44B | 91.17B | 74.41B |
| Long-Term Debt | 14.87B | 14.98B | 12.94B | 15.55B | 15.50B | 16.01B |
| Finance Div. Debt Long-Term | 71.97B | 79.02B | 76.97B | 66.79B | 60.04B | 59.30B |
| Long-Term Leases | 397.00M | 1.65B | 1.34B | 1.34B | 1.35B | 1.36B |
| Long-Term Unearned Revenue | 7.10B | 5.94B | 5.02B | 3.55B | 3.01B | |
| Pension & Post-Retirement Benefits | 8.40B | 10.53B | 10.42B | 11.69B | 10.91B | 15.15B |
| Other Long-Term Liabilities | 22.56B | 11.50B | 10.28B | 9.92B | 9.23B | 9.67B |
| Total Liabilities | 224.66B | 218.12B | 214.17B | 204.76B | 191.75B | 178.90B |
| Common Stock | 8.00M | 9.00M | 10.00M | 12.00M | 14.00M | 15.00M |
| Additional Paid-In Capital | 18.75B | 19.93B | 20.84B | 19.13B | 26.43B | 27.06B |
| Retained Earnings | 54.21B | 51.52B | 53.47B | 55.39B | 49.25B | 41.94B |
| Comprehensive Income & Other | -10.16B | -10.34B | -11.25B | -10.25B | -7.90B | -9.27B |
| Total Common Equity | 62.81B | 61.12B | 63.07B | 64.29B | 67.79B | 59.74B |
| Minority Interest | 1.71B | 2.05B | 2.52B | 4.02B | 4.49B | 6.07B |
| Shareholders' Equity | 64.52B | 63.17B | 65.59B | 68.31B | 72.28B | 65.81B |
| Total Liabilities & Equity | 289.18B | 281.28B | 279.76B | 273.06B | 264.04B | 244.72B |
| Total Debt | 130.71B | 131.58B | 130.95B | 122.91B | 115.91B | 110.59B |
| Net Cash (Debt) | -102.90B | -103.91B | -103.81B | -101.75B | -88.61B | -85.92B |
| Net Cash Per Share | -111.97 | -106.79 | -91.95 | -74.32 | -60.94 | -58.53 |
| Filing Date Shares Outstanding | 843.55M | 903.97M | 995.00M | 1.15B | 1.39B | 1.45B |
| Total Common Shares Outstanding | 849.00M | 904.00M | 1.00B | 1.20B | 1.40B | 1.50B |
| Working Capital | 9.54B | 15.43B | 12.28B | 7.17B | 9.28B | 7.70B |
| Book Value Per Share | 73.98 | 67.61 | 63.07 | 53.57 | 48.42 | 39.83 |
| Tangible Book Value | 58.53B | 56.75B | 58.52B | 59.42B | 62.85B | 54.66B |
| Tangible Book Value Per Share | 68.94 | 62.78 | 58.52 | 49.52 | 44.89 | 36.44 |
| Land | 1.27B | 1.25B | 1.29B | 1.31B | 1.30B | |
| Buildings | 16.06B | 14.91B | 13.26B | 11.46B | 10.54B | |
| Machinery | 68.00B | 65.39B | 63.16B | 58.19B | 55.16B | |
| Construction In Progress | 8.98B | 7.18B | 8.13B | 7.34B | 5.39B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.96B | 2.70B | 6.01B | 10.13B | 9.93B | 10.02B |
| Depreciation & Amortization | 6.05B | 6.24B | 5.97B | 6.16B | 5.83B | 5.46B |
| Other Amortization | 5.97B | 5.77B | 5.60B | 5.61B | 5.45B | 6.59B |
| Asset Writedown & Restructuring Costs | 1.51B | 2.61B | 1.08B | 209.00M | 12.00M | |
| Loss (Gain) on Equity Investments | 1.25B | 1.78B | 4.12B | 245.00M | 193.00M | -517.00M |
| Other Operating Activities | -835.00M | -1.28B | -1.11B | -3.24B | -2.40B | -3.00B |
| Change in Accounts Receivable | 846.00M | 846.00M | -846.00M | 1.18B | -4.48B | 493.00M |
| Change in Inventory | 626.00M | 626.00M | 666.00M | -757.00M | -2.58B | -3.15B |
| Change in Accounts Payable | -2.15B | -2.15B | 1.28B | -398.00M | 6.14B | -1.17B |
| Change in Income Taxes | 39.00M | 39.00M | -288.00M | -121.00M | 273.00M | -95.00M |
| Change in Other Net Operating Assets | 6.14B | 9.69B | -2.35B | 1.92B | -2.33B | 557.00M |
| Operating Cash Flow | 23.41B | 26.87B | 20.13B | 20.93B | 16.04B | 15.19B |
| Capital Expenditures | -9.02B | -9.30B | -10.83B | -10.97B | -9.24B | -7.51B |
| Investment in Securities | 2.15B | 673.00M | 345.00M | 4.92B | -3.78B | 385.00M |
| Other Investing Activities | -1.61B | -7.87B | -5.47B | -1.58B | 2.22B | -844.00M |
| Investing Cash Flow | -10.22B | -16.13B | -20.52B | -14.66B | -17.88B | -16.36B |
| Short-Term Debt Issued | 128.00M | 373.00M | 2.91B | |||
| Long-Term Debt Issued | 43.19B | 53.44B | 50.96B | 45.81B | 45.30B | |
| Total Debt Issued | 40.37B | 43.19B | 53.56B | 50.96B | 46.19B | 48.21B |
| Short-Term Debt Repaid | -312.00M | -156.00M | ||||
| Long-Term Debt Repaid | -45.59B | -43.40B | -44.67B | -39.61B | -47.81B | |
| Total Debt Repaid | -43.28B | -45.90B | -43.40B | -44.83B | -39.61B | -47.81B |
| Net Debt Issued (Repaid) | -2.91B | -2.71B | 10.16B | 6.13B | 6.58B | 406.00M |
| Repurchase of Common Stock | -7.80B | -6.01B | -7.06B | -11.12B | -2.50B | |
| Common Dividends Paid | -1.06B | -538.00M | -530.00M | -477.00M | -257.00M | |
| Other Financing Activities | -519.00M | -328.00M | -632.00M | -893.00M | -3.44B | 1.34B |
| Financing Cash Flow | -12.29B | -9.59B | 1.94B | -6.35B | 383.00M | 1.74B |
| Foreign Exchange Rate Adjustments | -89.00M | 177.00M | -503.00M | 54.00M | -138.00M | -152.00M |
| Miscellaneous Cash Flow Adjustments | -1.00M | 1.00M | ||||
| Net Cash Flow | 814.00M | 1.32B | 1.05B | -31.00M | -1.59B | 425.00M |
| Free Cash Flow | 14.39B | 17.56B | 9.30B | 9.96B | 6.80B | 7.68B |
| Free Cash Flow Margin | 7.70% | 9.49% | 4.96% | 5.80% | 4.34% | 6.05% |
| Free Cash Flow Per Share | 15.66 | 18.05 | 8.24 | 7.28 | 4.68 | 5.23 |
| Levered Free Cash Flow | 28.52B | 8.56B | 7.65B | 4.46B | 10.45B | 6.36B |
| Unlevered Free Cash Flow | 28.92B | 9.01B | 8.18B | 5.03B | 11.06B | 6.95B |
| Cash Interest Paid | 6.63B | 6.63B | 6.18B | 5.51B | 3.61B | 3.40B |
| Cash Income Tax Paid | 1.55B | 1.55B | 1.50B | 1.70B | 1.19B | 652.00M |
| Change in Working Capital | 5.50B | 9.06B | -1.53B | 1.82B | -2.98B | -3.37B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 73.73B | 76.23B | 58.58B | 49.19B | 47.79B | 85.12B |
| Enterprise Value | 176.63B | 190.04B | 163.95B | 144.67B | 141.52B | 182.18B |
| Last Close Price | 87.40 | 80.79 | 52.38 | 34.95 | 32.39 | 56.20 |
| PE Ratio | 20.68 | 23.97 | 8.15 | 4.91 | 5.36 | 8.65 |
| Forward PE | 6.25 | 7.36 | 5.37 | 5.14 | 5.35 | 9.19 |
| PS Ratio | 0.39 | 0.41 | 0.31 | 0.29 | 0.30 | 0.67 |
| PB Ratio | 1.18 | 1.21 | 0.89 | 0.72 | 0.66 | 1.29 |
| P/TBV Ratio | 1.26 | 1.34 | 1.00 | 0.83 | 0.76 | 1.56 |
| P/FCF Ratio | 5.12 | 4.34 | 6.30 | 4.94 | 7.02 | 11.09 |
| P/OCF Ratio | 3.15 | 2.84 | 2.91 | 2.35 | 2.98 | 5.61 |
| PEG Ratio | 0.38 | 0.65 | 0.31 | 0.80 | 1.72 | 0.60 |
| EV/Sales Ratio | 0.94 | 1.03 | 0.88 | 0.84 | 0.90 | 1.43 |
| EV/EBITDA Ratio | 9.39 | 10.78 | 8.77 | 9.17 | 7.94 | 10.78 |
| EV/EBIT Ratio | 13.83 | 16.68 | 12.89 | 15.04 | 11.79 | 15.93 |
| EV/FCF Ratio | 12.27 | 10.82 | 17.63 | 14.53 | 20.80 | 23.73 |
| Debt / Equity Ratio | 2.03 | 2.08 | 2.00 | 1.80 | 1.60 | 1.68 |
| Debt / EBITDA Ratio | 6.81 | 7.31 | 6.87 | 7.62 | 6.39 | 6.43 |
| Debt / FCF Ratio | 9.08 | 7.49 | 14.08 | 12.34 | 17.03 | 14.40 |
| Net Debt / Equity Ratio | 1.59 | 1.65 | 1.58 | 1.49 | 1.23 | 1.30 |
| Net Debt / EBITDA Ratio | 5.47 | 5.89 | 5.55 | 6.45 | 4.97 | 5.09 |
| Net Debt / FCF Ratio | 7.15 | 5.92 | 11.16 | 10.21 | 13.02 | 11.19 |
| Asset Turnover | 0.65 | 0.66 | 0.68 | 0.64 | 0.62 | 0.53 |
| Inventory Turnover | 9.75 | 10.40 | 9.74 | 8.88 | 8.95 | 8.66 |
| Quick Ratio | 0.86 | 0.92 | 0.90 | 0.82 | 0.86 | 0.84 |
| Current Ratio | 1.09 | 1.17 | 1.13 | 1.08 | 1.10 | 1.10 |
| Return on Equity (ROE) | 6.28% | 4.32% | 8.91% | 14.00% | 14.06% | 17.22% |
| Return on Assets (ROA) | 2.77% | 2.54% | 2.88% | 2.24% | 2.95% | 2.98% |
| Return on Invested Capital (ROIC) | 6.90% | 6.04% | 5.24% | 5.50% | 6.43% | 6.20% |
| Return on Capital Employed (ROCE) | 7.00% | 6.10% | 6.90% | 5.40% | 6.90% | 6.70% |
| Earnings Yield | 4.84% | 3.54% | 10.26% | 20.59% | 20.79% | 11.77% |
| FCF Yield | 19.52% | 23.04% | 15.88% | 20.25% | 14.24% | 9.02% |
| Dividend Yield | 0.82% | 0.68% | 0.82% | 0.88% | 0.53% | |
| Payout Ratio | 17.04% | 19.95% | 8.82% | 4.71% | 2.59% | |
| Buyback Yield / Dilution | 8.44% | 13.82% | 17.53% | 5.85% | 0.95% | -1.80% |
| Total Shareholder Return | 9.27% | 14.49% | 18.35% | 6.72% | 1.48% | -1.80% |