General Motors Company (GM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$3.19	$3.57	+11.9%	—	$48B	—
Q1 26	$2.64	$3.7	+40.2%	—	$43.6B	—
Q4 25	$2.27	$2.51	+10.6%	—	$45.3B	—
Q3 25	$2.32	$2.8	+20.7%	—	$48.6B	—
Q2 25	$2.01	$1.97	-2.0%	—	$47.1B	—
Q1 25	$2.67	$2.78	+4.1%	—	$44B	—
Q4 24	$1.84	$1.92	+4.3%	—	$47.7B	—
Q3 24	$2.39	$2.96	+23.8%	—	$48.8B	—
Q2 24	$2.7	$3.06	+13.3%	—	$48B	—
Q1 24	$2.12	$2.62	+23.6%	—	$43B	—
Q4 23	$1.14	$1.24	+8.8%	—	$43B	—
Q3 23	$1.84	$2.28	+23.9%	—	$44.1B	—
Q2 23	$1.84	$1.91	+3.8%	—	$44.7B	—
Q1 23	$1.73	$2.21	+27.7%	—	$40B	—
Q4 22	$1.68	$2.12	+26.2%	—	$43.1B	—
Q3 22	$1.88	$2.25	+19.7%	—	$41.9B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.33	—	—	$185B	—
FY24	—	$6.45	—	—	$187.4B	—
FY23	—	$7.35	—	—	$171.8B	—
FY22	—	$6.17	—	—	$156.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$149.2B	$145.6B	$147B	$137.2B	$122.5B	$127B	$156.7B	$171.8B	$187.4B	$185B
YoY change	+9.92%	-2.41%	+1%	-6.67%	-10.7%	+3.69%	+23.4%	+9.64%	+9.08%	-1.29%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	149.2B	145.6B	147B	137.2B	122.5B	127B	156.7B	171.8B	187.4B	185B
Cost of revenue	130.2B	127.4B	133B	123.3B	108.8B	109.1B	135.8B	152.7B	164B	173.4B
Gross profit	19B	18.2B	14.1B	14B	13.7B	17.9B	21B	19.1B	23.4B	11.6B
Gross margin	12.8%	12.5%	9.59%	10.2%	11.2%	14.1%	13.4%	11.1%	12.5%	6.27%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	10.3B	9.6B	9.7B	8.5B	7B	8.6B	10.7B	9.8B	10.6B	8.7B
Operating expenses	18.7B	20.7B	21.9B	8.5B	7B	8.6B	10.7B	9.8B	10.6B	8.7B
Operating income	8.7B	8.7B	4.4B	5.5B	6.6B	9.3B	10.3B	9.3B	12.8B	2.9B
Operating margin	5.82%	5.95%	3.02%	3.99%	5.42%	7.34%	6.58%	5.41%	6.82%	1.57%
Non-operating income, net	3.7B	3.5B	4.4B	2.3B	2.3B	4.2B	1.8B	908M	-4.4B	83M
Pretax income	12B	11.9B	8.5B	7.4B	8.1B	12.7B	11.6B	10.4B	8.5B	3.1B
Income tax	2.7B	11.5B	474M	769M	1.8B	2.8B	1.9B	563M	2.6B	338M
Net income	9.3B	-3.9B	8B	6.7B	6.3B	9.9B	9.7B	9.8B	6B	2.8B
Net margin	6.21%	-2.67%	5.44%	4.86%	5.16%	7.83%	6.19%	5.73%	3.18%	1.5%
EBITDA	22.4B	24.8B	22.6B	22.3B	21.7B	25.1B	24.1B	23.3B	22B	18.2B
EPS	6.12	-2.65	5.61	4.62	4.36	6.78	6.17	7.35	6.45	3.33
Diluted EPS	6	-2.65	5.53	4.57	4.33	6.7	6.13	7.32	6.37	3.27

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	44.1B	43B	43B	48B	48.8B	47.7B	44B	47.1B	48.6B	45.3B	43.6B	48B
Cost of revenue	38.8B	39.7B	37.1B	41.7B	42.4B	42.9B	38.7B	42.9B	45.5B	46.4B	38.6B	44.4B
Gross profit	5.4B	3.3B	5.9B	6.2B	6.4B	4.9B	5.3B	4.3B	3.1B	-1.1B	5B	3.7B
Gross margin	12.1%	7.7%	13.7%	13%	13.1%	10.2%	12.1%	9.05%	6.41%	-2.48%	11.5%	7.61%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.3B	2.4B	2.2B	2.4B	2.7B	3.3B	2B	2.1B	2B	2.5B	2.1B	2.2B
Operating expenses	2.3B	2.4B	2.2B	2.4B	2.7B	3.3B	2B	2.1B	2B	2.5B	2.1B	2.2B
Operating income	3B	918M	3.7B	3.9B	3.7B	1.5B	3.4B	2.1B	1.1B	-3.6B	2.9B	1.5B
Operating margin	6.83%	2.14%	8.69%	8.07%	7.49%	3.19%	7.62%	4.51%	2.21%	-8.05%	6.71%	3.04%
Non-operating income, net	227M	551M	-105M	-84M	-122M	-4.1B	62M	80M	77M	-136M	272M	36M
Pretax income	3.5B	1.1B	3.7B	3.6B	3.7B	-2.6B	3.6B	2.4B	1.4B	-4.2B	3.3B	1.6B
Income tax	470M	-858M	762M	767M	709M	318M	719M	481M	127M	-988M	642M	214M
Net income	3B	2B	3B	2.9B	3B	-2.9B	2.9B	1.9B	1.3B	-3.3B	2.7B	1.4B
Net margin	6.78%	4.64%	6.87%	6%	6.17%	-6.02%	6.48%	4.02%	2.66%	-7.2%	6.2%	2.82%
EBITDA	6.7B	4.5B	6.7B	7.3B	6.8B	891M	6.7B	5.6B	5.7B	419M	6.5B	4.8B
EPS	2.21	—	2.57	2.57	2.71	—	3.4	1.94	1.37	—	2.87	1.44
Diluted EPS	2.2	—	2.56	2.55	2.68	—	3.35	1.91	1.35	—	2.82	1.41

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	53.7B	60.1B	47.2B	52.1B	59.7B	85.1B	48.6B	49B	—	—	72.9B
Enterprise value	104.4B	130.4B	125.3B	133.2B	141.5B	166.8B	133B	145.2B	—	—	178.2B
Shares outstanding	1.5B	1.5B	1.4B	1.4B	1.4B	1.5B	1.4B	1.4B	1.1B	955M	955M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	5.79	—	5.9	7.82	9.44	8.55	5.01	4.98	—	—	36.9
P/S	0.36	0.41	0.32	0.38	0.49	0.67	0.31	0.29	—	—	0.4
P/B	1.22	1.66	1.1	1.13	1.2	1.29	0.67	0.72	—	—	1.17
EV/EBITDA	4.66	5.27	5.54	5.99	6.51	6.63	5.52	6.24	—	—	10.8
EV/Sales	0.7	0.9	0.85	0.97	1.16	1.31	0.85	0.84	—	—	0.96
Earnings yield	17.3%	—	17%	12.8%	10.6%	11.7%	20%	20.1%	—	—	2.71%
FCF yield	-21%	-17.2%	-21.7%	-17.2%	-6.47%	-8.14%	-10.6%	-7.51%	—	—	30.1%
PEG	—	—	—	—	—	—	—	—	—	—	-1.43

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	12.8%	12.5%	9.59%	10.2%	11.2%	14.1%	13.4%	11.1%	12.5%	6.27%	7.61%
Operating margin	5.82%	5.95%	3.02%	3.99%	5.42%	7.34%	6.58%	5.41%	6.82%	1.57%	3.2%
Net margin	6.21%	-2.67%	5.44%	4.86%	5.16%	7.83%	6.19%	5.73%	3.18%	1.5%	1.05%
ROE	21%	-10.7%	18.7%	14.5%	12.7%	15.1%	13.4%	14.4%	9.09%	4.4%	3.16%
ROA	4.18%	-1.83%	3.52%	2.92%	2.69%	4.06%	3.68%	3.6%	2.13%	0.99%	2.25%
ROIC	7.07%	0.23%	3.47%	3.87%	3.94%	4.94%	5.51%	5.35%	5.29%	1.55%	1.09%
Return on tangible assets	4.43%	-1.93%	3.7%	3.07%	2.81%	4.24%	3.82%	3.74%	2.2%	1.02%	0.75%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.89	0.89	0.92	0.88	1.01	1.1	1.1	1.08	1.13	1.17	1.14
Quick ratio	0.76	0.76	0.8	0.76	0.88	0.93	0.93	0.9	0.98	1.01	0.97
Debt / equity	1.7	2.6	2.45	2.27	2.23	1.68	1.6	1.8	1.99	2.08	2.02
Debt / assets	0.34	0.44	0.46	0.46	0.47	0.45	0.44	0.45	0.47	0.47	0.45
Net debt / EBITDA	2.26	2.84	3.46	3.64	3.76	3.25	3.5	4.13	4.71	5.71	5.88
Interest coverage	22.3	21.6	14.1	10.5	8.37	14.4	12.7	12.4	11.1	5.29	4.04
Effective tax rate	22.8%	97.2%	5.54%	10.3%	21.9%	21.8%	16.3%	5.41%	30%	10.8%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	96.9	99.4	104.2	96.4	85.5	87.5	108.5	126	168.1	193.7	201.9
EPS (basic)	6.12	-2.65	5.61	4.62	4.36	6.78	6.17	7.35	6.45	3.33	3.33
EPS (diluted)	6	-2.65	5.53	4.57	4.33	6.7	6.13	7.32	6.37	3.27	2.24
Book value per share	28.6	24.7	30.3	32.3	34.7	45.4	50	50.1	58.8	66.1	70.7
FCF per share	-7.32	-7.03	-7.26	-6.3	-2.7	-4.77	-3.56	-2.7	-5.36	1.85	0.66
Cash per share	15.9	16.3	19	16.3	20.3	19.8	21.7	19.4	24.3	29	28.2
Capex per share	11	8.54	4.16	2.18	1.28	0.14	1.58	0.45	3.93	9.74	9.67

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	11.4%	8.59%	3.99%	2.26%	1.5%	0.16%	1.46%	0.35%	2.34%	5.03%	4.75%
Capex / operating cash flow	102.7%	60.8%	37%	19%	9.88%	1.14%	16.7%	4.11%	41.7%	34.6%	37.9%
Payout ratio	25.6%	-57.5%	28%	35.2%	10.6%	1.87%	4.09%	6.07%	11%	23.6%	29.5%
Dividend yield	4.41%	3.72%	4.75%	4.51%	1.12%	0.22%	0.82%	1.22%	—	—	0.89%

Yield

0.89%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.18

ex-dividend Sep 4, 2026

Payout ratio

29%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.18
Jun 5, 2026	$0.18
Mar 6, 2026	$0.18
Dec 5, 2025	$0.15
Sep 5, 2025	$0.15
Jun 6, 2025	$0.15
Mar 7, 2025	$0.12

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$44.1B	$43B	$43B	$48B	$48.8B	$47.7B	$44B	$47.1B	$48.6B	$45.3B	$43.6B	$48B
YoY change	+5.35%	-0.3%	+7.58%	+7.2%	+10.5%	+11%	+2.34%	-1.76%	-0.34%	-5.06%	-0.9%	+1.92%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	24.4B	23.8B	26.8B	23.2B	29B	28.7B	31.3B	26.5B	27.1B	27.7B
Receivables	24.8B	28.7B	33.4B	33.4B	34.2B	34B	47B	51.5B	59.2B	58.3B
Inventory	11B	10.7B	9.8B	10.4B	10.2B	13B	15.4B	16.5B	14.6B	14.5B
Total current assets	76.2B	68.7B	75.3B	75B	80.9B	82.1B	100.5B	101.6B	108.5B	108.8B
Property, plant & equipment	60.7B	71.7B	73.1B	71.1B	67.8B	68.5B	66.5B	67.6B	68.6B	69.3B
Goodwill & intangibles	12.4B	11.8B	11.2B	10.8B	10.4B	10.1B	9.9B	9.7B	9.1B	8.7B
Total assets	221.7B	212.5B	227.3B	228B	235.2B	244.7B	264B	273.1B	279.8B	281.3B
Accounts payable	23.3B	23.9B	22.3B	21B	19.9B	20.4B	27.5B	28.1B	25.7B	23.9B
Short-term debt	23.8B	27B	31.9B	37.4B	36.9B	33.7B	38.8B	39B	39.4B	35.7B
Total current liabilities	85.2B	76.9B	82.2B	84.9B	79.9B	74.4B	91.2B	94.4B	96.3B	93.3B
Long-term debt	51.3B	67.3B	73.1B	66.9B	74B	76.7B	76.9B	83.7B	91.3B	95.6B
Total liabilities	177.6B	176.3B	184.6B	182.1B	185.5B	178.9B	191.8B	204.8B	214.2B	218.1B
Shareholders' equity	44.1B	36.2B	42.8B	46B	49.7B	65.8B	72.3B	68.3B	65.6B	63.2B
Total debt	75.1B	94.2B	105B	104.3B	110.9B	110.4B	115.7B	122.6B	130.7B	131.3B
Net debt	62.5B	78.7B	84.1B	85.3B	90.9B	90.3B	96.5B	103.8B	110.8B	110.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	34.9B	—	25.5B	30.8B	32.2B	—	27.5B	29.3B	29.7B	27.7B	24.4B	24.7B
Receivables	50.1B	—	55.5B	56.2B	58.2B	—	59.5B	61.2B	61.6B	58.3B	60.1B	61.6B
Inventory	17.7B	—	17.5B	17.6B	17.3B	—	15.3B	15.5B	15.3B	14.5B	15.6B	15.9B
Total current assets	110.7B	—	106.5B	112.1B	115.4B	—	110B	114.3B	114.6B	108.8B	109.1B	110B
Property, plant & equipment	80.5B	—	81.5B	81.5B	82.5B	—	84.4B	85.4B	85.5B	69.3B	85.5B	86.2B
Goodwill & intangibles	4.9B	1.9B	4.8B	4.8B	4.7B	1.9B	4.5B	4.5B	4.5B	8.7B	4.3B	4.3B
Total assets	281.7B	171.4B	276.6B	283B	289.3B	171.2B	282.1B	289.4B	288.2B	281.3B	281B	282.7B
Accounts payable	30.4B	—	29.4B	28.8B	29.6B	—	26.9B	27.1B	27.3B	23.9B	27.9B	28.8B
Short-term debt	38.7B	—	36B	38.1B	36.2B	—	35.9B	38.3B	36.5B	35.7B	36.3B	37B
Total current liabilities	96.8B	—	91.8B	95.4B	95.5B	—	90.7B	93.8B	93.3B	93.3B	94.7B	96.8B
Long-term debt	80.2B	—	86.3B	88.3B	91.7B	—	96.7B	97.4B	96B	95.6B	91.5B	90.7B
Total liabilities	203B	—	206B	211.1B	215.1B	—	215.7B	220.9B	219.8B	218.1B	216.3B	219.1B
Shareholders' equity	78.7B	—	70.6B	71.9B	74.2B	—	66.4B	68.5B	68.4B	63.2B	64.7B	63.6B
Total debt	118.9B	—	122.2B	126.4B	127.9B	—	132.7B	135.7B	132.5B	131.3B	127.8B	127.7B
Net debt	93.6B	—	104.6B	103.9B	104.1B	—	112.1B	113.3B	109.6B	110.4B	108B	107.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	9.3B	330M	8.1B	6.7B	6.3B	9.9B	9.7B	9.8B	6B	2.8B
Depreciation & amortization	9.8B	12.3B	13.7B	14.1B	12.8B	12.1B	11.3B	11.9B	12.4B	14.6B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-467M	-774M	-2B	-2.4B	1.5B	-2.4B	-6.2B	-3.6B	-7.3B	2.2B
Operating cash flow	16.5B	20.6B	15.9B	16.4B	18.6B	18.3B	13.7B	14.8B	10.5B	26.9B
Capital expenditure	-16.9B	-12.5B	-5.9B	-3.1B	-1.8B	-209M	2.3B	-607M	-4.4B	-9.3B
Investing cash flow	-25.8B	-15.7B	-12.3B	-3.3B	-16.5B	-8.8B	-8.6B	-3.7B	-9.7B	-10.4B
Dividends paid	-2.4B	-2.2B	-2.2B	-2.4B	-669M	-186M	-397M	-597M	-653M	-657M
Share repurchases	-2.5B	-4.5B	-190M	0	-90M	0	-2.5B	-11.1B	-7.1B	-6B
Financing cash flow	16B	12.4B	11.3B	-4.7B	6B	3.5B	383M	-6.4B	1.9B	-9.6B
Net change in cash	6.7B	17.3B	14.9B	8.4B	8.1B	12.9B	5.4B	4.7B	2.8B	6.8B
Free cash flow	-11.3B	-10.3B	-10.2B	-9B	-3.9B	-6.9B	-5.1B	-3.7B	-6B	1.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	3B	2B	3B	2.9B	3B	-2.9B	2.9B	1.9B	1.3B	-3.3B	2.7B	1.4B
Depreciation & amortization	3B	3.1B	2.8B	3.5B	2.9B	3.2B	2.9B	3B	4.1B	4.5B	3B	3.1B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	6B	2.3B	6.2B	6.6B	5.8B	-802M	5.7B	4.9B	7.1B	6.8B	3B	6.4B
Capital expenditure	-226M	-220M	-351M	-981M	-1.3B	-1.8B	-1.7B	-1.6B	-2.1B	-3.2B	-1.5B	-1.9B
Investing cash flow	-2.7B	1.1B	-1.1B	-2.5B	-2.8B	-3.3B	-2.7B	-4.5B	249M	-2.8B	1.4B	-3.8B
Dividends paid	-182M	-104M	-198M	-136M	-192M	-127M	-175M	-144M	-200M	-138M	-223M	-608M
Share repurchases	-250M	-10B	-280M	-1.1B	-1B	-4.7B	-2B	0	-1.5B	-2.5B	-800M	-2B
Financing cash flow	983M	-8.2B	300M	3.5B	-830M	-1B	-543M	1.2B	-5.3B	-5B	-3.7B	-2.8B
Net change in cash	4.3B	-4.8B	5.3B	7.6B	2.2B	-5.1B	2.5B	1.6B	2.1B	-996M	647M	-229M
Free cash flow	602M	-3.4B	-3.1B	-646M	862M	-3.1B	33M	392M	955M	391M	-1.8B	1.1B

General Motors Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement