General Motors (GM) Financials

$52.52 -0.82 (-1.54%)

Closing price 08/1/2025 03:59 PM Eastern

Extended Trading

$52.43 -0.09 (-0.17%)

As of 08/1/2025 07:59 PM Eastern

Annual Income Statements for General Motors

This table shows General Motors' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	9,687	9,427	-3,864	8,014	6,732	6,427	10,019	9,934	10,127	6,008
Consolidated Net Income / (Loss)	9,615	9,268	-3,882	8,005	6,667	6,321	9,945	9,708	9,840	5,963
Net Income / (Loss) Continuing Operations	9,590	9,269	330	8,075	6,667	6,321	9,945	9,709	9,840	5,963
Total Pre-Tax Income	8,371	12,008	11,863	8,549	7,436	8,095	12,716	11,597	10,403	8,519
Total Operating Income	5,538	8,686	8,661	4,445	5,481	6,634	9,324	10,314	9,298	12,784
Total Gross Profit	17,426	27,400	29,359	26,393	26,586	24,946	26,460	29,843	30,512	36,377
Total Revenue	135,725	149,184	145,588	147,049	137,237	122,485	127,004	156,735	171,842	187,442
Operating Revenue	135,725	149,184	145,588	147,049	137,237	122,485	127,004	156,735	171,842	187,442
Total Cost of Revenue	118,299	121,784	116,229	120,656	110,651	97,539	100,544	126,892	141,330	151,065
Operating Cost of Revenue	118,299	121,784	116,229	120,656	110,651	97,539	100,544	126,892	141,330	151,065
Total Operating Expenses	11,888	18,714	20,698	21,948	21,105	18,312	17,136	19,529	21,214	23,593
Selling, General & Admin Expense	11,888	10,345	20,698	21,948	21,105	18,312	17,136	19,529	21,214	23,593
Total Other Income / (Expense), net	2,833	3,322	3,202	4,104	1,955	1,461	3,392	1,282	1,106	-4,264
Interest Expense	-26	-	575	655	782	1,098	950	987	911	846
Interest & Investment Income	2,193	1,719	2,132	2,163	-	674	1,301	837	480	-4,675
Other Income / (Expense), net	614	1,603	1,645	2,596	2,737	1,885	3,041	1,432	1,537	1,257
Income Tax Expense	-1,219	2,739	11,533	474	769	1,774	2,771	1,888	563	2,556
Net Income / (Loss) Attributable to Noncontrolling Interest	-72	-159	-18	-9.00	-65	-106	-74	-226	-287	-45
Basic Earnings per Share	$6.11	$6.12	($2.65)	$5.61	$4.62	$4.36	$6.78	$6.17	$7.35	$6.45
Weighted Average Basic Shares Outstanding	1.59B	1.54B	1.47B	1.41B	1.42B	1.43B	1.45B	1.45B	1.36B	1.12B
Diluted Earnings per Share	$5.91	$6.00	($2.60)	$5.53	$4.57	$4.33	$6.70	$6.13	$7.32	$6.37
Weighted Average Diluted Shares Outstanding	1.64B	1.57B	1.49B	1.43B	1.44B	1.44B	1.47B	1.45B	1.37B	1.13B
Weighted Average Basic & Diluted Shares Outstanding	1.59B	1.54B	1.46B	1.43B	1.43B	1.44B	1.45B	1.39B	1.15B	995.00M
Cash Dividends to Common per Share	$1.38	$1.52	$1.52	$1.52	$1.52	$0.38	-	$0.18	$0.36	$0.48

This table shows General Motors' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	3,305	1,998	2,395	2,566	3,064	2,102	2,980	2,933	3,056	-2,961	2,784
Consolidated Net Income / (Loss)	3,252	2,007	2,346	2,507	2,994	1,993	2,953	2,877	3,008	-2,875	2,853
Net Income / (Loss) Continuing Operations	3,252	2,008	2,347	2,507	2,994	1,992	2,953	2,876	3,008	-2,874	2,853
Total Pre-Tax Income	4,097	2,589	2,775	3,029	3,464	1,135	3,715	3,643	3,717	-2,556	3,572
Total Operating Income	3,392	2,610	2,578	2,789	3,013	918	3,738	3,873	3,651	1,522	3,352
Total Gross Profit	8,188	8,531	7,738	8,115	8,289	6,370	9,018	9,353	9,749	8,257	8,829
Total Revenue	41,888	43,109	39,985	44,747	44,131	42,979	43,014	47,968	48,756	47,704	44,020
Operating Revenue	41,888	43,109	39,985	44,747	44,131	42,979	43,014	47,968	48,756	47,704	44,020
Total Cost of Revenue	33,700	34,578	32,247	36,632	35,842	36,609	33,996	38,615	39,007	39,447	35,191
Operating Cost of Revenue	33,700	34,578	32,247	36,632	35,842	36,609	33,996	38,615	39,007	39,447	35,191
Total Operating Expenses	4,797	5,920	5,159	5,326	5,277	5,452	5,281	5,481	6,098	6,733	5,476
Selling, General & Admin Expense	4,797	5,920	5,159	5,326	5,277	5,452	5,281	5,481	6,098	6,733	5,476
Total Other Income / (Expense), net	706	-23	175	240	453	238	-22	-230	66	-4,078	220
Interest Expense	259	268	234	226	-	-	219	206	206	215	152
Interest & Investment Income	367	223	-	108	-	-	-105	-84	-122	-4,364	62
Other Income / (Expense), net	598	22	409	358	453	317	302	60	394	501	310
Income Tax Expense	845	581	428	522	470	-857	762	767	709	318	719
Net Income / (Loss) Attributable to Noncontrolling Interest	-53	8.00	-49	-59	-70	-109	-27	-57	-48	87	69
Basic Earnings per Share	$2.26	$1.41	$1.70	$1.83	$2.21	$1.61	$2.57	$2.57	$2.71	($1.40)	$3.40
Weighted Average Basic Shares Outstanding	1.45B	1.45B	1.40B	1.39B	1.37B	1.36B	1.16B	1.14B	1.12B	1.12B	988M
Diluted Earnings per Share	$2.25	$1.39	$1.69	$1.83	$2.20	$1.60	$2.56	$2.55	$2.68	($1.42)	$3.35
Weighted Average Diluted Shares Outstanding	1.46B	1.45B	1.40B	1.39B	1.38B	1.37B	1.16B	1.15B	1.13B	1.13B	1.00B
Weighted Average Basic & Diluted Shares Outstanding	1.42B	1.39B	1.39B	1.38B	1.37B	1.15B	1.14B	1.12B	1.10B	995.00M	961.43M
Cash Dividends to Common per Share	$0.09	-	$0.09	$0.09	$0.09	-	$0.12	$0.12	$0.12	-	$0.12

This table details how cash moves in and out of General Motors' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-3,857	-2,172	2,688	5,648	-553	174	425	-1,594	-31	1,047
Net Cash From Operating Activities	11,769	16,607	17,328	15,256	15,021	16,670	15,188	16,043	20,930	20,129
Net Cash From Continuing Operating Activities	12,610	16,993	17,338	15,256	15,021	16,670	15,188	16,042	20,930	20,126
Net Income / (Loss) Continuing Operations	9,590	9,269	330	8,075	6,667	6,321	9,945	9,708	9,840	5,963
Consolidated Net Income / (Loss)	9,590	9,269	330	8,075	6,667	6,321	9,945	9,708	9,840	5,963
Depreciation Expense	7,487	9,819	12,261	13,669	14,118	12,815	12,051	11,290	11,888	12,389
Non-Cash Adjustments To Reconcile Net Income	-843	-4,009	-2,650	-3,322	-969	-889	-2,977	-1,614	-416	2,368
Changes in Operating Assets and Liabilities, net	-3,624	1,914	7,397	-3,166	-4,795	-1,577	-3,831	-3,342	-382	-594
Net Cash From Investing Activities	-27,710	-35,643	-27,572	-20,763	-10,899	-21,826	-16,355	-17,882	-14,663	-20,517
Net Cash From Continuing Investing Activities	-26,208	-34,147	-24,072	-20,929	-10,899	-21,826	-16,355	-17,882	-14,663	-20,517
Purchase of Property, Plant & Equipment	-21,909	-27,879	-27,633	-25,497	-23,996	-20,533	-22,111	-21,187	-24,610	-26,109
Purchase of Investments	-23,251	-29,822	-24,828	-28,491	-28,613	-46,294	-41,971	-45,811	-39,808	-40,334
Sale and/or Maturity of Investments	11,316	14,297	15,674	15,972	19,567	25,340	23,740	22,291	22,378	15,223
Other Investing Activities, net	8,563	10,061	12,715	17,087	22,143	19,661	23,987	26,825	27,377	30,703
Net Cash From Financing Activities	13,608	17,077	12,584	11,454	-4,677	5,552	1,744	383	-6,353	1,938
Net Cash From Continuing Financing Activities	12,096	15,996	12,410	11,454	-4,677	5,552	1,744	384	-6,354	1,939
Repayment of Debt	-13,689	-21,172	-34,037	-34,153	-39,721	-72,708	-45,106	-40,411	-45,605	-43,678
Repurchase of Preferred Equity	-	-	-	-	-	0.00	0.00	-2,121	0.00	-101
Repurchase of Common Equity	-3,520	-2,500	-4,492	-	-	-90	0.00	-2,500	-11,115	-7,064
Payment of Dividends	-2,242	-2,368	-2,233	-2,242	-2,350	-669	-186	-397	-597	-653
Issuance of Debt	31,547	42,036	52,187	44,987	36,937	78,527	45,300	45,813	50,963	53,435
Effect of Exchange Rate Changes	-1,524	-213	348	-299	2.00	-222	-152	-138	54	-503

This table details how cash moves in and out of General Motors' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	3,784	-1,551	-807	5,612	2,225	-7,061	-539	4,241	1,096	-3,751	1,078
Net Cash From Operating Activities	5,191	5,624	3,086	7,591	6,596	3,657	3,152	5,976	6,861	4,140	6,061
Net Cash From Continuing Operating Activities	5,191	5,624	3,086	7,591	6,596	3,657	3,153	5,975	6,861	4,137	6,061
Net Income / (Loss) Continuing Operations	3,252	2,007	2,346	2,507	2,993	1,994	2,953	2,877	3,007	-2,874	2,853
Consolidated Net Income / (Loss)	3,252	2,007	2,346	2,507	2,993	1,994	2,953	2,877	3,007	-2,874	2,853
Depreciation Expense	2,773	2,770	2,812	2,934	2,992	3,150	2,798	3,486	2,872	3,233	2,934
Non-Cash Adjustments To Reconcile Net Income	-456	-29	-182	24	-502	244	-231	-418	-631	3,648	442
Changes in Operating Assets and Liabilities, net	-378	876	-1,890	2,126	1,113	-1,731	-2,367	30	1,613	130	-168
Net Cash From Investing Activities	-2,744	-6,911	-2,262	-4,562	-5,276	-2,563	-3,914	-5,073	-5,017	-6,513	-4,490
Net Cash From Continuing Investing Activities	-2,744	-6,910	-2,261	-4,564	-5,276	-2,562	-3,914	-5,074	-5,015	-6,514	-4,491
Purchase of Property, Plant & Equipment	-4,963	-6,192	-5,585	-5,932	-5,994	-7,099	-6,219	-6,622	-5,999	-7,269	-6,028
Purchase of Investments	-11,060	-11,917	-9,606	-10,931	-10,632	-8,639	-8,927	-9,944	-10,460	-11,003	-10,703
Sale and/or Maturity of Investments	5,810	5,094	6,211	5,866	4,458	5,843	3,830	3,862	3,692	3,839	3,594
Other Investing Activities, net	7,469	6,105	6,719	6,433	6,892	7,333	7,402	7,630	7,752	7,919	8,646
Net Cash From Financing Activities	1,461	-316	-1,685	2,528	983	-8,179	300	3,493	-830	-1,025	-543
Net Cash From Continuing Financing Activities	1,461	-315	-1,685	2,528	983	-8,180	301	3,491	-829	-1,024	-543
Repayment of Debt	-9,313	-8,948	-12,618	-11,594	-9,707	-11,686	-13,528	-10,370	-8,398	-11,382	-15,224
Repurchase of Preferred Equity	6.00	-	-	-	-	-	-	-	-	-	-29
Repurchase of Common Equity	-1,500	-1,000	-369	-500	-250	-9,996	-280	-1,066	-1,032	-4,686	-2,012
Payment of Dividends	-189	-127	-185	-126	-182	-104	-198	-136	-192	-127	-175
Issuance of Debt	12,457	9,760	11,487	14,748	11,122	13,606	14,307	15,063	8,793	15,272	16,897
Effect of Exchange Rate Changes	-124	52	54	54	-77	23	-78	-153	80	-352	51

This table presents General Motors' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	194,338	212,694	203,409	227,339	228,037	235,194	244,718	264,037	273,064	279,761
Total Current Assets	69,408	76,203	68,744	75,293	74,992	80,924	82,103	100,451	101,618	108,545
Cash & Equivalents	15,238	12,574	15,512	20,844	19,069	19,992	20,067	19,153	18,853	19,872
Short-Term Investments	8,163	11,841	8,313	5,966	4,174	9,046	8,609	12,150	7,613	7,265
Note & Lease Receivable	26,388	24,827	28,685	33,399	26,601	26,209	26,649	33,623	39,076	46,362
Accounts Receivable	-	-	-	-	6,797	8,035	7,394	13,333	12,378	12,827
Inventories, net	16,547	12,150	11,769	9,816	10,398	10,235	12,988	15,366	16,461	14,564
Other Current Assets	3,072	3,633	4,465	5,268	7,953	7,407	6,396	6,825	7,238	7,655
Plant, Property, & Equipment, net	51,401	66,945	79,135	82,317	80,805	77,451	41,115	32,701	30,582	31,586
Total Noncurrent Assets	73,529	69,546	55,530	69,729	72,240	76,819	121,500	130,885	140,864	139,631
Long-Term Investments	9,201	-	-	9,215	8,562	8,406	9,677	10,176	10,613	7,102
Noncurrent Note & Lease Receivables	18,500	17,001	21,208	25,083	26,355	31,783	74,096	40,591	45,043	46,474
Goodwill	5,947	6,149	5,849	5,579	5,337	5,230	5,087	4,945	4,862	4,551
Noncurrent Deferred & Refundable Income Taxes	36,860	33,172	23,544	24,082	24,640	24,136	21,152	20,539	22,339	21,254
Other Noncurrent Operating Assets	3,021	3,849	4,929	5,770	7,346	7,264	11,488	54,634	58,007	60,250
Total Liabilities & Shareholders' Equity	194,338	221,690	212,482	227,339	228,037	235,194	244,718	264,037	273,064	279,761
Total Liabilities	154,015	177,615	176,282	184,562	182,080	185,517	178,903	191,752	204,757	214,171
Total Current Liabilities	71,217	85,181	76,890	82,237	84,905	79,910	74,408	91,173	94,445	96,265
Short-Term Debt	19,562	23,797	26,965	31,891	37,400	36,913	33,720	38,778	38,968	39,432
Accounts Payable	24,062	23,333	23,929	22,297	21,018	19,928	20,391	27,486	28,114	25,680
Accrued Expenses	27,593	25,893	25,996	28,049	26,487	23,069	20,297	24,910	27,364	31,154
Total Noncurrent Liabilities	82,798	92,434	99,392	102,325	97,175	105,607	104,495	100,579	110,313	117,905
Long-Term Debt	43,549	51,326	67,254	73,060	65,924	72,981	75,659	75,921	82,773	90,300
Noncurrent Employee Benefit Liabilities	26,596	21,067	19,744	16,908	18,105	19,179	13,751	9,891	11,025	9,769
Other Noncurrent Operating Liabilities	12,653	12,415	12,394	12,357	13,146	13,447	15,085	14,767	16,515	17,836
Commitments & Contingencies	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	0.00	357	118	0.00
Total Equity & Noncontrolling Interests	40,323	44,075	36,200	42,777	45,957	49,677	65,815	71,927	68,189	65,590
Total Preferred & Common Equity	39,871	43,836	35,001	38,860	41,792	45,030	59,744	67,792	64,286	63,072
Total Common Equity	39,871	43,836	35,001	38,860	41,792	45,030	59,744	67,792	64,286	63,072
Common Stock	27,622	26,998	25,385	25,577	26,088	26,556	27,076	26,442	19,142	20,853
Retained Earnings	20,285	26,168	17,627	22,322	26,860	31,962	41,937	49,251	55,391	53,472
Accumulated Other Comprehensive Income / (Loss)	-8,036	-9,330	-8,011	-9,039	-11,156	-13,488	-9,269	-7,901	-10,247	-11,253
Noncontrolling Interest	452	239	1,199	3,917	4,165	4,647	6,071	4,135	3,903	2,518

This table presents General Motors' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	260,529	264,037	267,004	275,833	281,705	273,064	276,591	282,956	289,289	279,761	282,104
Total Current Assets	98,271	100,451	98,832	106,804	110,721	101,618	106,470	112,064	115,419	108,545	110,006
Cash & Equivalents	20,745	19,153	18,227	23,074	25,224	18,853	17,635	22,516	23,744	19,872	20,570
Short-Term Investments	9,566	12,150	9,981	9,556	9,651	7,613	7,845	8,313	8,477	7,265	6,919
Note & Lease Receivable	31,049	33,623	32,283	34,440	36,224	39,076	41,682	42,783	44,453	46,362	44,517
Accounts Receivable	14,021	13,333	13,702	14,068	13,923	12,378	13,774	13,406	13,782	12,827	14,936
Inventories, net	16,367	15,366	17,758	17,912	17,740	16,461	17,533	17,605	17,325	14,564	15,253
Other Current Assets	6,524	6,825	6,881	7,755	7,959	7,238	8,001	7,442	7,636	7,655	7,811
Plant, Property, & Equipment, net	42,795	32,701	46,895	47,941	49,399	30,582	30,106	30,345	30,956	31,586	32,239
Total Noncurrent Assets	119,463	130,885	121,277	121,087	121,586	140,864	140,016	140,546	142,914	139,631	139,859
Long-Term Investments	9,910	10,176	10,542	10,064	10,549	10,613	10,740	10,734	11,039	7,102	6,877
Noncurrent Note & Lease Receivables	73,329	40,591	75,430	75,761	76,048	45,043	43,511	44,747	45,928	46,474	46,534
Goodwill	4,968	4,945	4,968	4,950	4,907	4,862	4,823	4,778	4,745	4,551	4,520
Noncurrent Deferred & Refundable Income Taxes	20,572	20,539	20,676	20,640	20,289	22,339	21,704	21,088	21,007	21,254	21,234
Other Noncurrent Operating Assets	10,684	54,634	9,661	9,672	9,793	58,007	59,238	59,199	60,195	60,250	60,694
Total Liabilities & Shareholders' Equity	260,529	264,037	267,004	275,833	281,705	273,064	276,591	282,956	289,289	279,761	282,104
Total Liabilities	190,762	191,752	192,773	199,861	202,978	204,757	205,990	211,055	215,127	214,171	215,678
Total Current Liabilities	86,003	91,173	90,185	92,718	96,820	94,445	91,777	95,363	95,463	96,265	90,747
Short-Term Debt	35,084	38,778	37,010	36,668	38,652	38,968	35,976	38,098	36,162	39,432	35,934
Accounts Payable	26,886	27,486	28,931	29,800	30,387	28,114	29,393	28,762	29,629	25,680	26,948
Accrued Expenses	24,034	24,910	24,244	26,249	27,782	27,364	26,409	28,503	29,672	31,154	27,865
Total Noncurrent Liabilities	104,758	100,579	102,588	107,142	106,158	110,313	114,212	115,692	119,664	117,905	124,932
Long-Term Debt	77,523	75,921	77,411	81,375	80,221	82,773	86,261	88,338	91,689	90,300	96,744
Noncurrent Employee Benefit Liabilities	12,440	9,891	9,859	9,828	9,618	11,025	10,676	10,421	10,233	9,769	9,735
Other Noncurrent Operating Liabilities	14,795	14,767	15,318	15,938	16,320	16,515	17,275	16,933	17,742	17,836	18,453
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	69,540	71,927	73,961	75,685	78,404	68,189	70,426	71,900	74,162	65,590	66,427
Total Preferred & Common Equity	65,268	67,792	69,877	71,655	74,475	64,286	66,598	68,633	70,935	63,072	64,372
Total Common Equity	65,268	67,792	69,877	71,656	74,476	64,286	66,598	68,633	70,935	63,072	64,373
Common Stock	26,671	26,442	26,337	26,092	26,072	19,142	19,369	19,613	19,353	20,853	20,355
Retained Earnings	47,910	49,251	51,318	53,517	56,322	55,391	57,688	59,807	62,050	53,472	55,140
Accumulated Other Comprehensive Income / (Loss)	-9,313	-7,901	-7,778	-7,953	-7,918	-10,247	-10,459	-10,787	-10,468	-11,253	-11,122
Noncontrolling Interest	4,271	4,135	4,084	4,030	3,929	3,903	3,828	3,267	3,227	2,518	2,054

This table displays calculated financial ratios and metrics derived from General Motors' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-12.96%	9.92%	-2.41%	1.00%	-6.67%	-10.75%	3.69%	23.41%	9.64%	9.08%
EBITDA Growth	42.21%	47.43%	12.23%	-8.23%	7.85%	-4.49%	14.45%	-5.65%	-1.36%	16.31%
EBIT Growth	161.45%	67.25%	0.17%	-31.68%	16.72%	3.66%	45.15%	-5.01%	-7.76%	29.59%
NOPAT Growth	338.20%	5.68%	-96.41%	1,642.66%	17.04%	5.41%	40.77%	18.41%	1.85%	1.75%
Net Income Growth	139.30%	-3.61%	-141.89%	306.21%	-16.71%	-5.19%	57.33%	-2.38%	1.36%	-39.40%
EPS Growth	258.18%	1.52%	-143.33%	312.69%	-17.36%	-5.25%	54.73%	-8.51%	19.41%	-12.98%
Operating Cash Flow Growth	16.98%	41.11%	4.34%	-11.96%	-1.54%	10.98%	-8.89%	5.63%	30.46%	-3.83%
Free Cash Flow Firm Growth	-2,035.66%	72.95%	-63.90%	18.58%	91.40%	161.62%	-1,502.53%	99.63%	5,002.19%	-37.41%
Invested Capital Growth	92.32%	20.03%	14.71%	14.54%	5.17%	3.96%	12.05%	6.33%	5.13%	5.31%
Revenue Q/Q Growth	-10.91%	9.27%	1.44%	0.47%	-5.23%	5.78%	-3.00%	6.47%	-0.08%	2.59%
EBITDA Q/Q Growth	150.44%	69.69%	10.83%	8.88%	4.66%	12.54%	-6.57%	2.72%	-4.29%	3.41%
EBIT Q/Q Growth	12.96%	-13.17%	20.07%	20.96%	19.73%	43.54%	-11.29%	7.08%	-11.43%	5.95%
NOPAT Q/Q Growth	87.86%	-37.41%	-94.64%	559.41%	-25.83%	101.83%	-12.53%	11.19%	-3.74%	-17.16%
Net Income Q/Q Growth	78.12%	-32.44%	-226.33%	958.86%	-25.32%	89.71%	-9.39%	2.55%	-0.14%	-44.95%
EPS Q/Q Growth	115.69%	-30.64%	-233.33%	618.18%	-25.57%	95.05%	-10.55%	4.07%	2.95%	-32.16%
Operating Cash Flow Q/Q Growth	15.01%	-31.34%	19.85%	-5.32%	-14.55%	23.94%	0.77%	-6.88%	-8.59%	2.46%
Free Cash Flow Firm Q/Q Growth	-408.50%	79.92%	-9.77%	-124.77%	98.14%	654.65%	-4.00%	-101.58%	250.29%	-80.31%
Invested Capital Q/Q Growth	72.02%	-4.63%	-6.95%	71.48%	-0.41%	1.24%	0.54%	2.36%	0.52%	1.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.84%	18.37%	20.17%	17.95%	19.37%	20.37%	20.83%	19.04%	17.76%	19.41%
EBITDA Margin	10.05%	13.48%	15.50%	14.08%	16.28%	17.42%	19.22%	14.70%	13.22%	14.10%
Operating Margin	4.08%	5.82%	5.95%	3.02%	3.99%	5.42%	7.34%	6.58%	5.41%	6.82%
EBIT Margin	4.53%	6.90%	7.08%	4.79%	5.99%	6.96%	9.74%	7.49%	6.31%	7.49%
Profit (Net Income) Margin	7.08%	6.21%	-2.67%	5.44%	4.86%	5.16%	7.83%	6.19%	5.73%	3.18%
Tax Burden Percent	114.86%	77.18%	-32.72%	93.64%	89.66%	78.09%	78.21%	83.71%	94.59%	70.00%
Interest Burden Percent	136.07%	116.71%	115.11%	121.42%	90.48%	95.02%	102.84%	98.73%	96.01%	60.67%
Effective Tax Rate	-14.56%	22.81%	97.22%	5.54%	10.34%	21.91%	21.79%	16.28%	5.41%	30.00%
Return on Invested Capital (ROIC)	11.79%	8.60%	0.26%	4.01%	4.29%	4.32%	5.63%	6.12%	5.89%	5.70%
ROIC Less NNEP Spread (ROIC-NNEP)	32.67%	15.78%	-7.80%	9.86%	6.78%	5.91%	9.33%	7.60%	7.22%	2.38%
Return on Net Nonoperating Assets (RNNOA)	13.40%	13.36%	-9.94%	16.26%	10.74%	8.90%	11.59%	7.94%	8.10%	3.21%
Return on Equity (ROE)	25.19%	21.96%	-9.67%	20.27%	15.03%	13.22%	17.22%	14.06%	14.00%	8.91%
Cash Return on Invested Capital (CROIC)	-51.38%	-9.60%	-13.44%	-9.54%	-0.75%	0.44%	-5.73%	-0.02%	0.89%	0.53%
Operating Return on Assets (OROA)	3.45%	5.06%	4.95%	3.27%	3.61%	3.68%	5.15%	4.62%	4.03%	5.08%
Return on Assets (ROA)	5.40%	4.55%	-1.87%	3.72%	2.93%	2.73%	4.14%	3.82%	3.66%	2.16%
Return on Common Equity (ROCE)	24.85%	21.78%	-9.50%	18.96%	13.66%	12.00%	15.62%	12.98%	13.15%	8.47%
Return on Equity Simple (ROE_SIMPLE)	24.12%	21.14%	-11.09%	20.60%	15.95%	14.04%	16.65%	14.32%	15.31%	9.45%
Net Operating Profit after Tax (NOPAT)	6,344	6,705	241	4,199	4,914	5,180	7,292	8,635	8,795	8,948
NOPAT Margin	4.67%	4.49%	0.17%	2.86%	3.58%	4.23%	5.74%	5.51%	5.12%	4.77%
Net Nonoperating Expense Percent (NNEP)	-20.89%	-7.17%	8.06%	-5.85%	-2.50%	-1.58%	-3.70%	-1.49%	-1.32%	3.31%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.63%	4.63%	4.58%
Cost of Revenue to Revenue	87.16%	81.63%	79.83%	82.05%	80.63%	79.63%	79.17%	80.96%	82.24%	80.59%
SG&A Expenses to Revenue	8.76%	6.93%	14.22%	14.93%	15.38%	14.95%	13.49%	12.46%	12.35%	12.59%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.76%	12.54%	14.22%	14.93%	15.38%	14.95%	13.49%	12.46%	12.35%	12.59%
Earnings before Interest and Taxes (EBIT)	6,152	10,289	10,306	7,041	8,218	8,519	12,365	11,746	10,835	14,041
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13,639	20,108	22,567	20,710	22,336	21,334	24,416	23,036	22,723	26,430
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.08	1.04	1.48	1.13	1.21	1.30	1.40	0.69	0.76	0.93
Price to Tangible Book Value (P/TBV)	1.27	1.21	1.78	1.32	1.39	1.47	1.53	0.74	0.82	1.00
Price to Revenue (P/Rev)	0.32	0.31	0.36	0.30	0.37	0.48	0.66	0.30	0.28	0.31
Price to Earnings (P/E)	4.46	4.83	0.00	5.47	7.52	9.08	8.32	4.71	4.81	9.75
Dividend Yield	4.97%	6.30%	4.16%	4.89%	4.29%	3.73%	0.00%	0.55%	1.01%	0.90%
Earnings Yield	22.41%	20.72%	0.00%	18.28%	13.30%	11.01%	12.02%	21.23%	20.80%	10.26%
Enterprise Value to Invested Capital (EV/IC)	1.05	1.13	1.27	1.04	1.08	1.11	1.17	0.86	0.90	0.97
Enterprise Value to Revenue (EV/Rev)	0.55	0.65	0.85	0.79	0.92	1.11	1.26	0.79	0.80	0.84
Enterprise Value to EBITDA (EV/EBITDA)	5.44	4.80	5.47	5.63	5.65	6.35	6.57	5.41	6.05	5.92
Enterprise Value to EBIT (EV/EBIT)	12.06	9.37	11.99	16.57	15.37	15.90	12.98	10.60	12.68	11.15
Enterprise Value to NOPAT (EV/NOPAT)	11.69	14.38	512.74	27.79	25.70	26.15	22.01	14.42	15.62	17.50
Enterprise Value to Operating Cash Flow (EV/OCF)	6.30	5.81	7.13	7.65	8.41	8.13	10.57	7.76	6.56	7.78
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	256.01	0.00	0.00	103.30	188.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.57	1.70	2.60	2.45	2.25	2.21	1.66	1.59	1.78	1.98
Long-Term Debt to Equity	1.08	1.16	1.86	1.71	1.43	1.47	1.15	1.05	1.21	1.38
Financial Leverage	0.41	0.85	1.27	1.65	1.58	1.51	1.24	1.04	1.12	1.35
Leverage Ratio	4.67	4.82	5.18	5.45	5.13	4.84	4.16	3.68	3.82	4.13
Compound Leverage Factor	6.35	5.63	5.97	6.62	4.64	4.60	4.27	3.64	3.67	2.51
Debt to Total Capital	61.02%	63.02%	72.24%	71.04%	69.21%	68.87%	62.43%	61.34%	64.06%	66.42%
Short-Term Debt to Total Capital	18.91%	19.96%	20.68%	21.59%	25.05%	23.13%	19.25%	20.74%	20.50%	20.19%
Long-Term Debt to Total Capital	42.10%	43.06%	51.57%	49.46%	44.16%	45.74%	43.19%	40.60%	43.55%	46.23%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.44%	0.20%	0.92%	2.65%	2.79%	2.91%	3.47%	2.40%	2.12%	1.29%
Common Equity to Total Capital	38.55%	36.78%	26.84%	26.31%	28.00%	28.22%	34.10%	36.26%	33.83%	32.29%
Debt to EBITDA	4.63	3.74	4.18	5.07	4.63	5.15	4.48	4.98	5.36	4.91
Net Debt to EBITDA	2.24	2.52	3.12	3.33	3.20	3.40	2.91	3.18	3.73	3.61
Long-Term Debt to EBITDA	3.19	2.55	2.98	3.53	2.95	3.42	3.10	3.30	3.64	3.42
Debt to NOPAT	9.95	11.20	391.07	25.00	21.03	21.21	15.00	13.28	13.84	14.50
Net Debt to NOPAT	4.81	7.56	292.18	16.42	14.55	13.99	9.74	8.48	9.63	10.67
Long-Term Debt to NOPAT	6.86	7.66	279.15	17.40	13.42	14.09	10.38	8.79	9.41	10.09
Altman Z-Score	1.11	1.14	1.13	0.99	1.00	1.02	1.24	1.19	1.22	1.32
Noncontrolling Interest Sharing Ratio	1.33%	0.82%	1.79%	6.48%	9.11%	9.21%	9.28%	7.65%	6.06%	4.88%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.97	0.89	0.89	0.92	0.88	1.01	1.10	1.10	1.08	1.13
Quick Ratio	0.70	0.58	0.68	0.73	0.67	0.79	0.84	0.86	0.83	0.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-27,658	-7,481	-12,262	-9,983	-859	529	-7,422	-27	1,330	832
Operating Cash Flow to CapEx	53.72%	59.57%	62.71%	59.83%	62.60%	81.19%	68.69%	75.72%	85.05%	77.10%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-21.33	-15.24	-1.10	0.48	-7.81	-0.03	1.46	0.98
Operating Cash Flow to Interest Expense	0.00	0.00	30.14	23.29	19.21	15.18	15.99	16.25	22.97	23.79
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-17.92	-15.64	-11.48	-3.52	-7.29	-5.21	-4.04	-7.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.73	0.70	0.68	0.60	0.53	0.53	0.62	0.64	0.68
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	16.52	16.46	15.12	13.37	14.87
Inventory Turnover	7.01	8.49	9.72	11.18	10.95	9.45	8.66	8.95	8.88	9.74
Fixed Asset Turnover	3.43	2.52	1.99	1.82	1.68	1.55	2.14	4.25	5.43	6.03
Accounts Payable Turnover	5.08	5.14	4.92	5.22	5.11	4.76	4.99	5.30	5.08	5.62
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	22.10	22.17	24.13	27.31	24.54
Days Inventory Outstanding (DIO)	52.07	43.00	37.56	32.65	33.34	38.61	42.15	40.78	41.10	37.48
Days Payable Outstanding (DPO)	71.88	71.02	74.21	69.92	71.44	76.61	73.18	68.86	71.80	64.99
Cash Conversion Cycle (CCC)	-19.81	-28.02	-36.65	-37.27	-38.10	-15.91	-8.86	-3.94	-3.39	-2.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	70,832	85,018	97,521	111,703	117,476	122,127	136,841	145,503	152,968	161,084
Invested Capital Turnover	2.52	1.91	1.60	1.41	1.20	1.02	0.98	1.11	1.15	1.19
Increase / (Decrease) in Invested Capital	34,002	14,186	12,503	14,182	5,773	4,651	14,714	8,662	7,465	8,116
Enterprise Value (EV)	74,187	96,446	123,534	116,684	126,286	135,473	160,471	124,511	137,369	156,586
Market Capitalization	43,226	45,499	51,941	43,841	50,602	58,376	83,374	46,799	48,686	58,575
Book Value per Share	$25.62	$28.76	$24.64	$27.53	$29.25	$31.46	$41.15	$47.72	$46.94	$57.36
Tangible Book Value per Share	$21.80	$24.72	$20.52	$23.58	$25.51	$27.81	$37.65	$44.24	$43.39	$53.22
Total Capital	103,434	119,198	130,419	147,728	149,281	159,571	175,194	186,983	190,048	195,322
Total Debt	63,111	75,123	94,219	104,951	103,324	109,894	109,379	114,699	121,741	129,732
Total Long-Term Debt	43,549	51,326	67,254	73,060	65,924	72,981	75,659	75,921	82,773	90,300
Net Debt	30,509	50,708	70,394	68,926	71,519	72,450	71,026	73,220	84,662	95,493
Capital Expenditures (CapEx)	21,909	27,879	27,633	25,497	23,996	20,533	22,111	21,187	24,610	26,109
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5,648	-9,596	-5,006	-1,863	4,244	8,889	12,739	16,753	19,675	24,575
Debt-free Net Working Capital (DFNWC)	17,753	14,819	18,819	24,947	27,487	37,927	41,415	48,056	46,141	51,712
Net Working Capital (NWC)	-1,809	-8,978	-8,146	-6,944	-9,913	1,014	7,695	9,278	7,173	12,280
Net Nonoperating Expense (NNE)	-3,271	-2,563	4,123	-3,806	-1,753	-1,141	-2,653	-1,073	-1,045	2,985
Net Nonoperating Obligations (NNO)	30,509	40,943	61,321	68,926	71,519	72,450	71,026	73,219	84,661	95,494
Total Depreciation and Amortization (D&A)	7,487	9,819	12,261	13,669	14,118	12,815	12,051	11,290	11,888	12,389
Debt-free, Cash-free Net Working Capital to Revenue	-4.16%	-6.43%	-3.44%	-1.27%	3.09%	7.26%	10.03%	10.69%	11.45%	13.11%
Debt-free Net Working Capital to Revenue	13.08%	9.93%	12.93%	16.97%	20.03%	30.96%	32.61%	30.66%	26.85%	27.59%
Net Working Capital to Revenue	-1.33%	-6.02%	-5.60%	-4.72%	-7.22%	0.83%	6.06%	5.92%	4.17%	6.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.11	$6.12	($2.65)	$5.61	$4.62	$4.36	$6.78	$6.17	$7.35	$6.45
Adjusted Weighted Average Basic Shares Outstanding	1.59B	1.54B	1.47B	1.41B	1.42B	1.43B	1.45B	1.45B	1.36B	1.12B
Adjusted Diluted Earnings per Share	$5.91	$6.00	($2.60)	$5.53	$4.57	$4.33	$6.70	$6.13	$7.32	$6.37
Adjusted Weighted Average Diluted Shares Outstanding	1.64B	1.57B	1.49B	1.43B	1.44B	1.44B	1.47B	1.45B	1.37B	1.13B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.54B	1.50B	1.40B	1.41B	1.43B	1.44B	1.45B	1.39B	1.15B	995.00M
Normalized Net Operating Profit after Tax (NOPAT)	3,877	6,705	6,063	4,199	4,914	5,180	7,292	8,635	8,795	8,948
Normalized NOPAT Margin	2.86%	4.49%	4.16%	2.86%	3.58%	4.23%	5.74%	5.51%	5.12%	4.77%
Pre Tax Income Margin	6.17%	8.05%	8.15%	5.81%	5.42%	6.61%	10.01%	7.40%	6.05%	4.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	17.92	10.75	10.51	7.76	13.02	11.90	11.89	16.60
NOPAT to Interest Expense	0.00	0.00	0.42	6.41	6.28	4.72	7.68	8.75	9.65	10.58
EBIT Less CapEx to Interest Expense	0.00	0.00	-30.13	-28.18	-20.18	-10.94	-10.26	-9.57	-15.12	-14.26
NOPAT Less CapEx to Interest Expense	0.00	0.00	-47.64	-32.52	-24.40	-13.98	-15.60	-12.72	-17.36	-20.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	23.32%	25.55%	-57.52%	28.01%	35.25%	10.58%	1.87%	4.09%	6.07%	10.95%
Augmented Payout Ratio	59.93%	52.52%	-173.24%	28.01%	35.25%	12.01%	1.87%	29.84%	119.02%	129.41%

This table displays calculated financial ratios and metrics derived from General Motors' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	56.42%	28.36%	11.13%	25.13%	5.35%	-0.30%	7.58%	7.20%	10.48%	10.99%	2.34%
EBITDA Growth	15.63%	12.73%	3.48%	15.45%	-4.51%	-18.83%	17.92%	22.00%	7.11%	19.86%	-3.54%
EBIT Growth	44.15%	41.89%	10.10%	30.53%	-13.13%	-53.08%	35.25%	24.98%	16.71%	63.81%	-9.36%
NOPAT Growth	74.10%	68.70%	-1.70%	41.65%	-3.28%	-20.41%	36.27%	32.46%	13.46%	-33.87%	-9.89%
Net Income Growth	36.30%	13.65%	-16.42%	52.68%	-7.93%	-0.70%	25.87%	14.76%	0.47%	-244.25%	-3.39%
EPS Growth	38.89%	20.87%	25.19%	60.53%	-2.22%	15.11%	51.48%	39.34%	21.82%	-188.75%	30.86%
Operating Cash Flow Growth	10,693.88%	-17.40%	46.67%	142.99%	27.07%	-34.98%	2.14%	-21.28%	4.02%	13.21%	92.29%
Free Cash Flow Firm Growth	75.86%	50.88%	29.56%	30.43%	-120.63%	11.81%	50.13%	64.94%	51.17%	-20.44%	-45.25%
Invested Capital Growth	4.45%	6.33%	6.91%	6.42%	7.05%	5.13%	4.48%	3.60%	4.32%	5.31%	5.18%
Revenue Q/Q Growth	17.14%	2.91%	-7.25%	11.91%	-1.38%	-2.61%	0.08%	11.52%	1.64%	-2.16%	-7.72%
EBITDA Q/Q Growth	28.40%	-20.12%	7.33%	4.86%	6.20%	-32.10%	55.94%	8.50%	-6.77%	-24.01%	25.49%
EBIT Q/Q Growth	65.49%	-34.04%	13.44%	5.36%	10.14%	-64.37%	227.13%	-2.65%	2.85%	-49.99%	81.02%
NOPAT Q/Q Growth	65.21%	-24.81%	7.67%	5.87%	12.82%	-38.13%	84.42%	2.90%	-3.37%	-63.94%	151.29%
Net Income Q/Q Growth	98.05%	-38.28%	16.89%	6.86%	19.43%	-33.43%	48.17%	-2.57%	4.55%	-195.58%	199.23%
EPS Q/Q Growth	97.37%	-38.22%	21.58%	8.28%	20.22%	-27.27%	60.00%	-0.39%	5.10%	-152.99%	335.92%
Operating Cash Flow Q/Q Growth	66.17%	8.34%	-45.13%	145.98%	-13.11%	-44.56%	-13.81%	89.59%	14.81%	-39.66%	46.40%
Free Cash Flow Firm Q/Q Growth	65.73%	-97.46%	-13.16%	9.13%	-8.68%	21.07%	36.01%	36.13%	-51.37%	-94.69%	22.83%
Invested Capital Q/Q Growth	-0.03%	2.36%	3.02%	0.95%	0.56%	0.52%	2.39%	0.10%	1.26%	1.47%	2.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.55%	19.79%	19.35%	18.14%	18.78%	14.82%	20.97%	19.50%	20.00%	17.31%	20.06%
EBITDA Margin	16.15%	12.53%	14.50%	13.59%	14.63%	10.20%	15.90%	15.47%	14.19%	11.02%	14.98%
Operating Margin	8.10%	6.05%	6.45%	6.23%	6.83%	2.14%	8.69%	8.07%	7.49%	3.19%	7.61%
EBIT Margin	9.53%	6.11%	7.47%	7.03%	7.85%	2.87%	9.39%	8.20%	8.30%	4.24%	8.32%
Profit (Net Income) Margin	7.76%	4.66%	5.87%	5.60%	6.78%	4.64%	6.87%	6.00%	6.17%	-6.03%	6.48%
Tax Burden Percent	79.38%	77.52%	84.54%	82.77%	86.43%	175.59%	79.49%	78.97%	80.93%	112.48%	79.87%
Interest Burden Percent	102.68%	98.37%	92.90%	96.25%	99.94%	91.90%	91.96%	92.63%	91.89%	-126.35%	97.54%
Effective Tax Rate	20.62%	22.44%	15.42%	17.23%	13.57%	-75.51%	20.51%	21.05%	19.07%	0.00%	20.13%
Return on Invested Capital (ROIC)	6.80%	5.21%	6.04%	5.97%	6.90%	4.32%	7.88%	7.37%	7.12%	2.67%	7.13%
ROIC Less NNEP Spread (ROIC-NNEP)	7.56%	5.19%	6.27%	6.23%	7.43%	4.80%	7.86%	7.14%	7.19%	-1.71%	7.32%
Return on Net Nonoperating Assets (RNNOA)	8.61%	5.42%	6.60%	6.44%	7.30%	5.39%	8.77%	7.74%	7.43%	-2.30%	9.85%
Return on Equity (ROE)	15.41%	10.63%	12.64%	12.41%	14.19%	9.71%	16.66%	15.11%	14.55%	0.37%	16.98%
Cash Return on Invested Capital (CROIC)	1.23%	-0.02%	-0.80%	0.05%	-0.60%	0.89%	1.90%	3.24%	2.72%	0.53%	0.35%
Operating Return on Assets (OROA)	5.62%	3.76%	4.63%	4.51%	4.98%	1.84%	6.04%	5.23%	5.31%	2.88%	5.61%
Return on Assets (ROA)	4.58%	2.87%	3.64%	3.59%	4.30%	2.97%	4.42%	3.82%	3.95%	-4.09%	4.37%
Return on Common Equity (ROCE)	14.14%	9.82%	11.81%	11.66%	13.36%	9.12%	15.69%	14.33%	13.84%	0.35%	16.23%
Return on Equity Simple (ROE_SIMPLE)	14.50%	0.00%	13.23%	14.11%	13.23%	0.00%	15.69%	15.76%	15.27%	0.00%	9.11%
Net Operating Profit after Tax (NOPAT)	2,692	2,024	2,180	2,308	2,604	1,611	2,971	3,058	2,955	1,065	2,677
NOPAT Margin	6.43%	4.70%	5.45%	5.16%	5.90%	3.75%	6.91%	6.37%	6.06%	2.23%	6.08%
Net Nonoperating Expense Percent (NNEP)	-0.76%	0.02%	-0.22%	-0.27%	-0.53%	-0.48%	0.02%	0.23%	-0.07%	4.37%	-0.19%
Return On Investment Capital (ROIC_SIMPLE)	-	1.08%	-	-	-	0.85%	-	-	-	0.55%	1.34%
Cost of Revenue to Revenue	80.45%	80.21%	80.65%	81.86%	81.22%	85.18%	79.03%	80.50%	80.00%	82.69%	79.94%
SG&A Expenses to Revenue	11.45%	13.73%	12.90%	11.90%	11.96%	12.69%	12.28%	11.43%	12.51%	14.11%	12.44%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.45%	13.73%	12.90%	11.90%	11.96%	12.69%	12.28%	11.43%	12.51%	14.11%	12.44%
Earnings before Interest and Taxes (EBIT)	3,990	2,632	2,987	3,147	3,466	1,235	4,040	3,933	4,045	2,023	3,662
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,763	5,402	5,799	6,081	6,458	4,385	6,838	7,419	6,917	5,256	6,596
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.70	0.69	0.72	0.74	0.60	0.76	0.93	0.77	0.71	0.93	0.73
Price to Tangible Book Value (P/TBV)	0.76	0.74	0.78	0.79	0.65	0.82	1.00	0.83	0.76	1.00	0.78
Price to Revenue (P/Rev)	0.31	0.30	0.31	0.31	0.26	0.28	0.35	0.30	0.28	0.31	0.25
Price to Earnings (P/E)	4.75	4.71	5.37	5.16	4.48	4.81	5.78	4.78	4.55	9.75	8.05
Dividend Yield	0.29%	0.55%	0.75%	0.94%	1.10%	1.01%	0.86%	0.90%	1.00%	0.90%	1.02%
Earnings Yield	21.07%	21.23%	18.61%	19.36%	22.34%	20.80%	17.29%	20.90%	21.97%	10.26%	12.42%
Enterprise Value to Invested Capital (EV/IC)	0.86	0.86	0.87	0.88	0.81	0.90	0.97	0.90	0.87	0.97	0.89
Enterprise Value to Revenue (EV/Rev)	0.83	0.79	0.81	0.78	0.71	0.80	0.87	0.79	0.76	0.84	0.78
Enterprise Value to EBITDA (EV/EBITDA)	5.48	5.41	5.62	5.52	5.16	6.05	6.40	5.62	5.41	5.92	5.62
Enterprise Value to EBIT (EV/EBIT)	11.20	10.60	10.85	10.40	10.02	12.68	12.78	11.14	10.43	11.15	10.77
Enterprise Value to NOPAT (EV/NOPAT)	15.82	14.42	15.29	14.41	13.42	15.62	15.78	13.52	12.79	17.50	16.96
Enterprise Value to Operating Cash Flow (EV/OCF)	7.13	7.76	7.66	6.17	5.35	6.56	7.24	7.28	7.04	7.78	6.39
Enterprise Value to Free Cash Flow (EV/FCFF)	71.76	0.00	0.00	1,791.45	0.00	103.30	52.15	28.29	32.70	188.13	262.64
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.61	1.59	1.54	1.55	1.51	1.78	1.73	1.76	1.72	1.98	2.00
Long-Term Debt to Equity	1.11	1.05	1.04	1.07	1.02	1.21	1.22	1.23	1.24	1.38	1.46
Financial Leverage	1.14	1.04	1.05	1.03	0.98	1.12	1.12	1.08	1.03	1.35	1.35
Leverage Ratio	3.84	3.68	3.67	3.67	3.65	3.82	3.75	3.78	3.73	4.13	4.08
Compound Leverage Factor	3.94	3.62	3.41	3.53	3.65	3.51	3.45	3.50	3.43	-5.22	3.98
Debt to Total Capital	61.74%	61.34%	60.65%	60.84%	60.16%	64.06%	63.39%	63.75%	63.29%	66.42%	66.64%
Short-Term Debt to Total Capital	19.24%	20.74%	19.62%	18.90%	19.56%	20.50%	18.66%	19.21%	17.90%	20.19%	18.05%
Long-Term Debt to Total Capital	42.51%	40.60%	41.03%	41.94%	40.60%	43.55%	44.73%	44.54%	45.39%	46.23%	48.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.47%	2.40%	2.31%	2.23%	2.15%	2.12%	2.08%	1.65%	1.60%	1.29%	1.03%
Common Equity to Total Capital	35.79%	36.26%	37.04%	36.93%	37.69%	33.83%	34.54%	34.60%	35.11%	32.29%	32.33%
Debt to EBITDA	5.02	4.98	4.93	4.91	5.01	5.36	5.14	5.04	5.00	4.91	5.07
Net Debt to EBITDA	3.23	3.18	3.26	3.13	3.09	3.73	3.62	3.38	3.31	3.61	3.75
Long-Term Debt to EBITDA	3.46	3.30	3.33	3.38	3.38	3.64	3.63	3.52	3.59	3.42	3.69
Debt to NOPAT	14.50	13.28	13.41	12.82	13.01	13.84	12.69	12.11	11.84	14.50	15.29
Net Debt to NOPAT	9.32	8.48	8.87	8.18	8.04	9.63	8.93	8.13	7.83	10.67	11.33
Long-Term Debt to NOPAT	9.98	8.79	9.07	8.84	8.78	9.41	8.96	8.46	8.49	10.09	11.15
Altman Z-Score	1.07	1.08	1.10	1.15	1.12	1.10	1.22	1.19	1.20	1.18	1.20
Noncontrolling Interest Sharing Ratio	8.20%	7.65%	6.60%	6.05%	5.89%	6.06%	5.77%	5.13%	4.89%	4.88%	4.42%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.14	1.10	1.10	1.15	1.14	1.08	1.16	1.18	1.21	1.13	1.21
Quick Ratio	0.88	0.86	0.82	0.88	0.88	0.83	0.88	0.91	0.95	0.90	0.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,362	-6,638	-7,511	-6,825	-7,417	-5,854	-3,746	-2,392	-3,621	-7,051	-5,441
Operating Cash Flow to CapEx	104.59%	90.83%	55.26%	127.97%	110.04%	51.51%	50.68%	90.24%	114.37%	56.95%	100.55%
Free Cash Flow to Firm to Interest Expense	-12.98	-24.77	-32.10	-30.20	0.00	0.00	-17.10	-11.61	-17.58	-32.79	-35.79
Operating Cash Flow to Interest Expense	20.04	20.99	13.19	33.59	0.00	0.00	14.39	29.01	33.31	19.26	39.88
Operating Cash Flow Less CapEx to Interest Expense	0.88	-2.12	-10.68	7.34	0.00	0.00	-14.00	-3.14	4.18	-14.55	0.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.62	0.62	0.64	0.63	0.64	0.64	0.64	0.64	0.68	0.67
Accounts Receivable Turnover	13.31	15.12	12.53	12.82	12.31	13.37	12.73	12.96	13.19	14.87	13.13
Inventory Turnover	7.75	8.95	7.96	7.89	8.17	8.88	8.11	8.17	8.45	9.74	9.29
Fixed Asset Turnover	3.57	4.25	2.57	3.78	3.73	5.43	4.54	4.55	4.55	6.03	6.05
Accounts Payable Turnover	5.26	5.30	4.79	4.93	4.86	5.08	4.91	4.95	4.94	5.62	5.40
Days Sales Outstanding (DSO)	27.41	24.13	29.12	28.48	29.65	27.31	28.67	28.15	27.67	24.54	27.80
Days Inventory Outstanding (DIO)	47.07	40.78	45.84	46.27	44.68	41.10	45.01	44.68	43.17	37.48	39.30
Days Payable Outstanding (DPO)	69.36	68.86	76.17	74.10	75.04	71.80	74.39	73.68	73.89	64.99	67.53
Cash Conversion Cycle (CCC)	5.12	-3.94	-1.22	0.64	-0.70	-3.39	-0.70	-0.84	-3.05	-2.97	-0.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	142,154	145,503	149,902	151,324	152,175	152,968	156,619	156,774	158,751	161,084	164,737
Invested Capital Turnover	1.06	1.11	1.11	1.16	1.17	1.15	1.14	1.16	1.18	1.19	1.17
Increase / (Decrease) in Invested Capital	6,054	8,662	9,691	9,133	10,021	7,465	6,717	5,450	6,576	8,116	8,118
Enterprise Value (EV)	122,817	124,511	130,474	132,675	122,571	137,369	151,963	141,149	138,215	156,586	147,161
Market Capitalization	45,932	46,799	50,448	53,009	44,870	48,686	61,943	53,009	50,397	58,575	46,795
Book Value per Share	$44.76	$47.72	$50.10	$51.55	$54.13	$46.94	$57.66	$60.15	$63.11	$57.36	$64.70
Tangible Book Value per Share	$41.36	$44.24	$46.54	$47.99	$50.56	$43.39	$53.48	$55.97	$58.89	$53.22	$60.15
Total Capital	182,375	186,983	188,653	194,015	197,600	190,048	192,838	198,336	202,013	195,322	199,105
Total Debt	112,607	114,699	114,421	118,043	118,873	121,741	122,237	126,436	127,851	129,732	132,678
Total Long-Term Debt	77,523	75,921	77,411	81,375	80,221	82,773	86,261	88,338	91,689	90,300	96,744
Net Debt	72,386	73,220	75,671	75,349	73,449	84,662	86,017	84,873	84,591	95,493	98,312
Capital Expenditures (CapEx)	4,963	6,192	5,585	5,932	5,994	7,099	6,219	6,622	5,999	7,269	6,028
Debt-free, Cash-free Net Working Capital (DFCFNWC)	17,041	16,753	17,449	18,124	17,678	19,675	25,189	23,970	23,897	24,575	27,704
Debt-free Net Working Capital (DFNWC)	47,352	48,056	45,657	50,754	52,553	46,141	50,669	54,799	56,118	51,712	55,193
Net Working Capital (NWC)	12,268	9,278	8,647	14,086	13,901	7,173	14,693	16,701	19,956	12,280	19,259
Net Nonoperating Expense (NNE)	-560	17	-166	-199	-390	-382	18	181	-53	3,940	-176
Net Nonoperating Obligations (NNO)	72,386	73,219	75,670	75,352	73,448	84,661	86,018	84,874	84,589	95,494	98,310
Total Depreciation and Amortization (D&A)	2,773	2,770	2,812	2,934	2,992	3,150	2,798	3,486	2,872	3,233	2,934
Debt-free, Cash-free Net Working Capital to Revenue	11.58%	10.69%	10.86%	10.68%	10.28%	11.45%	14.40%	13.46%	13.08%	13.11%	14.70%
Debt-free Net Working Capital to Revenue	32.17%	30.66%	28.40%	29.90%	30.56%	26.85%	28.98%	30.77%	30.71%	27.59%	29.29%
Net Working Capital to Revenue	8.33%	5.92%	5.38%	8.30%	8.08%	4.17%	8.40%	9.38%	10.92%	6.55%	10.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.26	$1.41	$1.70	$1.83	$2.21	$1.61	$2.57	$2.57	$2.71	($1.40)	$3.40
Adjusted Weighted Average Basic Shares Outstanding	1.45B	1.45B	1.40B	1.39B	1.37B	1.36B	1.16B	1.14B	1.12B	1.12B	988M
Adjusted Diluted Earnings per Share	$2.25	$1.39	$1.69	$1.83	$2.20	$1.60	$2.56	$2.55	$2.68	($1.42)	$3.35
Adjusted Weighted Average Diluted Shares Outstanding	1.46B	1.45B	1.40B	1.39B	1.38B	1.37B	1.16B	1.15B	1.13B	1.13B	1.00B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.42B	1.39B	1.39B	1.38B	1.37B	1.15B	1.14B	1.12B	1.10B	995.00M	961.43M
Normalized Net Operating Profit after Tax (NOPAT)	2,692	2,024	2,180	2,308	2,604	643	2,971	3,058	2,955	1,065	2,677
Normalized NOPAT Margin	6.43%	4.70%	5.45%	5.16%	5.90%	1.50%	6.91%	6.37%	6.06%	2.23%	6.08%
Pre Tax Income Margin	9.78%	6.01%	6.94%	6.77%	7.85%	2.64%	8.64%	7.59%	7.62%	-5.36%	8.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.41	9.82	12.77	13.92	0.00	0.00	18.45	19.09	19.64	9.41	24.09
NOPAT to Interest Expense	10.40	7.55	9.32	10.21	0.00	0.00	13.57	14.84	14.34	4.96	17.61
EBIT Less CapEx to Interest Expense	-3.76	-13.28	-11.10	-12.32	0.00	0.00	-9.95	-13.05	-9.49	-24.40	-15.57
NOPAT Less CapEx to Interest Expense	-8.77	-15.55	-14.55	-16.03	0.00	0.00	-14.83	-17.30	-14.78	-28.85	-22.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.02%	4.09%	5.50%	6.20%	6.29%	6.07%	5.84%	5.73%	5.82%	10.95%	10.75%
Augmented Payout Ratio	18.87%	29.84%	36.53%	39.52%	27.80%	119.02%	111.38%	112.90%	120.06%	129.41%	160.77%

Key Financial Trends

General Motors Recent Financial Overview (Q1 2022 to Q1 2025):

General Motors (GM) has exhibited notable financial trends in the last four years, with fluctuations in revenue, profitability, cash flow, and balance sheet metrics. Here is a summary of the key observations to help retail investors understand the company’s financial health and performance trajectory:

Revenue Growth: GM’s operating revenue increased from about $39.98 billion in Q1 2023 to $44.02 billion in Q1 2025, showing steady top-line growth.
Profitability Improvement: Net income attributable to common shareholders bounced back from a loss of $2.96 billion in Q4 2024 to a profit of $2.78 billion in Q1 2025. The Q1 2025 net income of approximately $2.78 billion resulted in diluted EPS of $3.35, indicating strong profitability recovery.
Operating Income Gains: Operating income rose sharply from $1.52 billion in Q4 2024 to $3.35 billion in Q1 2025, reflecting better control over cost of revenue and expenses.
Strong Operating Cash Flow: GM generated $6.06 billion in net cash from operating activities in Q1 2025, up significantly from $4.14 billion in Q4 2024 and $3.15 billion in Q1 2024, supporting its operational strength.
Healthy Cash Position: Cash and equivalents increased to $20.57 billion in Q1 2025 (up from $19.87 billion in Q4 2024), providing liquidity buffer for investment and debt payments.
Robust Investments: The company continued to invest aggressively in property, plant, and equipment (CAPEX of about $6.03 billion in Q1 2025), indicating commitment to growth and modernization, although it pressures free cash flow.
Debt Activity: GM’s net increase in debt financing was slight in Q1 2025 with issuance of $16.9 billion offset by repayments of $15.2 billion, keeping leverage relatively stable but indicating active management of debt structure.
Dividends and Share Repurchases: GM paid steady dividends of $0.12 per share in Q1 2025 and repurchased $2.01 billion of common equity, signaling shareholder return focus alongside growth investments.
Rising Current Liabilities: Current liabilities remain high at about $90.7 billion in Q1 2025, slightly decreased from previous quarters but still substantial compared to current assets, warranting monitoring liquidity ratio trends.
Negative Earnings in Prior Quarter: GM suffered a net loss of $2.87 billion in Q4 2024, driven by negative other income reported as –$4.07 billion, indicating volatility from non-operating factors affecting quarterly earnings.

Summary: Over the past year, General Motors has demonstrated a strong recovery from operational and market challenges marked by return to profitability and strong cash flows in early 2025. While the company maintains a solid liquidity position and continues to invest heavily into its operations, investors should watch for variability in other income/expense and high liabilities levels. GM’s balance between growth initiatives and shareholder returns suggests a cautiously optimistic outlook.

08/03/25 11:09 PMAI Generated. May Contain Errors.

Frequently Asked Questions About General Motors' Financials

When does General Motors' financial year end?

According to the most recent income statement we have on file, General Motors' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has General Motors' net income changed over the last 9 years?

General Motors' net income appears to be on an upward trend, with a most recent value of $5.96 billion in 2024, falling from $9.62 billion in 2015. The previous period was $9.84 billion in 2023. See where experts think General Motors is headed by visiting General Motors' forecast page.

What is General Motors' operating income?

General Motors' total operating income in 2024 was $12.78 billion, based on the following breakdown:

Total Gross Profit: $36.38 billion
Total Operating Expenses: $23.59 billion

How has General Motors' revenue changed over the last 9 years?

Over the last 9 years, General Motors' total revenue changed from $135.73 billion in 2015 to $187.44 billion in 2024, a change of 38.1%.

How much debt does General Motors have?

General Motors' total liabilities were at $214.17 billion at the end of 2024, a 4.6% increase from 2023, and a 39.1% increase since 2015.

How much cash does General Motors have?

In the past 9 years, General Motors' cash and equivalents has ranged from $12.57 billion in 2016 to $20.84 billion in 2018, and is currently $19.87 billion as of their latest financial filing in 2024.

How has General Motors' book value per share changed over the last 9 years?

Over the last 9 years, General Motors' book value per share changed from 25.62 in 2015 to 57.36 in 2024, a change of 123.9%.

Related Companies

This page (NYSE:GM) was last updated on 8/3/2025 by MarketBeat.com Staff

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General Motors (GM) Financials

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General Motors (GM) Financials

Annual Income Statements for General Motors

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