GM
SP100NYSEGeneral Motors Company
Consumer Cyclical · Auto Manufacturers · United States
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide. It operates through GM North America, GM International, and GM Financial segments. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names. In addition, it sells trucks, crossovers, cars, and automobile parts through retail dealers, distributors and dealers, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. Further, the company offers various range of after-sale services through dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories, and extended service warranties. Additionally, it provides automotive financing; and software-enabled services and subscriptions. General Motors Company was founded in 1908 and is based in Detroit, Michigan.
www.gm.com ↗Shares trade at a premium 27.7× trailing earnings, easing to 5.4× on forward estimates. Profitability shows a net margin of 1.4% and return on equity of 4.0%. Leverage is high at 5.7× net debt/EBITDA. Revenue grew -0.9% year-on-year. It yields 0.9% in dividends. The mean analyst target of USD95.42 sits 25.6% above the current price (Buy, 26 analysts).
business model
General Motors designs, manufactures, and sells vehicles and vehicle parts, primarily gasoline trucks and SUVs, alongside a growing electric-vehicle lineup, and provides financing through GM Financial. Most profit comes from high-margin trucks and SUVs in North America. It is also investing in EVs, software-defined vehicles, and autonomy.
revenue segments
GM reports GM North America (its largest and most profitable unit, led by Chevrolet, GMC, Buick, and Cadillac trucks and SUVs), GM International (China and other markets), GM Financial (auto lending and leasing), and Cruise/autonomy-related activities. North American trucks and SUVs drive the bulk of earnings.
key dependencies
The business depends on North American truck and SUV demand and pricing, consumer credit and interest rates, EV adoption and battery costs, commodity and supply-chain inputs (including semiconductors), labor relations (UAW), regulatory emissions standards, and results in China.
competitors
Competitors include Ford, Stellantis, Toyota, Honda, Hyundai-Kia, Volkswagen, and Tesla, plus Chinese automakers such as BYD in international markets. In EVs and autonomy it faces both legacy automakers and technology entrants.
moat
GM's advantages include scale in manufacturing and purchasing, strong brands and dealer networks (notably profitable full-size trucks and SUVs), an entrenched North American franchise, and captive financing. Its truck franchise provides pricing power and cash flow.
risks
Risks include auto-industry cyclicality, EV transition costs and uncertain profitability, intense pricing competition, exposure to a weakening China business, labor-cost and strike risk, tariffs and commodity inflation, high capital intensity, and setbacks in autonomy investments.
Financials & metrics
as of 28 Aug 2026Price is closer to the high end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $185.02B | $187.44B | $171.84B | $156.74B | — |
| Cost of revenue | $173.42B | $164.04B | $152.70B | $135.75B | — |
| Gross profit | $11.60B | $23.41B | $19.14B | $20.98B | — |
| Operating expense | $8.69B | $10.62B | $9.84B | $10.67B | — |
| Operating income | $2.91B | $12.78B | $9.30B | $10.31B | — |
| Interest expense | $727.00M | $846.00M | $911.00M | $987.00M | — |
| Pretax income | $3.12B | $8.52B | $10.40B | $11.60B | — |
| Tax provision | $338.00M | $2.56B | $563.00M | $1.89B | — |
| Net income | $2.70B | $6.01B | $10.13B | $9.93B | — |
| EBITDA | $18.43B | $21.75B | $23.20B | $23.87B | — |
| Diluted EPS | $3.27 | $6.37 | $7.32 | $6.13 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $281.28B | $279.76B | $273.06B | $264.04B | — |
| Current assets | $108.77B | $108.55B | $101.62B | $100.45B | — |
| Cash & equivalents | $20.95B | $19.87B | $18.85B | $19.15B | — |
| Inventory | $14.47B | $14.56B | $16.46B | $15.37B | — |
| Total liabilities | $218.12B | $214.17B | $204.76B | $191.75B | — |
| Current liabilities | $93.34B | $96.27B | $94.44B | $91.17B | — |
| Total debt | $131.31B | $130.69B | $122.65B | $115.67B | — |
| Long-term debt | $94.61B | $90.30B | $82.77B | $75.92B | — |
| Shareholders' equity | $61.12B | $63.07B | $64.29B | $67.79B | — |
| Retained earnings | $51.52B | $53.47B | $55.39B | $49.25B | — |
| Working capital | $15.43B | $12.28B | $7.17B | $9.28B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $26.87B | $20.13B | $20.93B | $16.04B | — |
| Investing cash flow | -$16.13B | -$20.52B | -$14.66B | -$17.88B | — |
| Financing cash flow | -$9.59B | $1.94B | -$6.35B | $383.00M | — |
| Capital expenditure | -$25.10B | -$26.11B | -$24.61B | -$21.19B | — |
| Free cash flow | $1.77B | -$5.98B | -$3.68B | -$5.14B | — |
| Dividends paid | -$657.00M | -$653.00M | -$597.00M | -$397.00M | — |
| Share buybacks | -$6.01B | -$7.06B | -$11.12B | -$2.50B | — |
| End cash position | $24.28B | $22.96B | $21.92B | $21.95B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 28 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 27 Aug 2026News
Sector peers
Notes & alerts
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