General Motors (GM)
Consumer Discretionary · $73.7B market cap · SEC CIK 0001467858
fundamentals score out of 100
Next reports on Oct 20, 2026, before the open, with analysts expecting $3.74 in earnings per share.
The case for GM
- Free cash flow of 23.8% of its market value a year: a lot of cash for the price.
- Trades at 1.12× book value, close to what the balance sheet says it owns.
- Pays a modest 1.3% dividend.
- Up 42.3% over the past year.
- Price/sales of 0.4× is lower than 98% of Consumer Discretionary companies.
The case against
- Earnings per share down 55.1%.
- Pricey at 37.8× earnings, against a long-run market average nearer 20×.
- Return on equity of only 3%.
- Revenue was flat on the year (-1.1%).
- Net margin of 1.1% leaves very little room for error.
- Stability is weak (37/100): beta 1.44, a 41% swing over the year.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Discretionary companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 69 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 27 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 18 |
| Momentumhow the price has behaved lately | 75 |
| Stabilityhow violently it moves, what it owes and what it pays you | 37 |
- Each factor except momentum is half fixed thresholds, half rank among the 48 Consumer Discretionary companies.
Key numbers
| Price / earnings | 37.8× |
|---|---|
| Price / book | 1.12× |
| Price / sales | 0.4× |
| Revenue growth (YoY) | -1.1% |
| EPS growth (YoY) | -55.1% |
| Gross margin | 6% |
| Operating margin | 1% |
| Net margin | 1% |
| Return on equity | 3% |
| Debt / equity | 2.06× |
| Current ratio | 1.14 |
| Dividend yield | 1.28% |
| Beta | 1.44 |
| 52-week range | $54.33 – $91.85 |
| Position in that range | 78% of the way up |
| 3-month return | +5.9% |
| 1-year return | +42.3% |
Five years of financials, as filed
Pulled from General Motors's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $168B | $172B | $158B | $144B | $114B |
| Operating income | $2.9B | $12.8B | $9.3B | $10.3B | $9.3B |
| Net income | $2.8B | $6.0B | $9.8B | $9.7B | $9.9B |
| Operating cash flow | $26.9B | $20.1B | $20.9B | $16.0B | $15.2B |
| Capital expenditure | $9.3B | $10.8B | $11.0B | $9.2B | $7.5B |
| Total assets | $281B | $280B | $273B | $264B | $245B |
| Total liabilities | $218B | $214B | $205B | $192B | $179B |
| Shareholder equity | $61.1B | $63.1B | $64.3B | $67.8B | $59.7B |
| Cash | $20.9B | $19.9B | $18.9B | $19.2B | $20.1B |
| Free cash flow | $17.6B | $9.3B | $10.0B | $6.8B | $7.7B |
| Operating margin | 1.7% | 7.4% | 5.9% | 7.2% | 8.2% |
| Net margin | 1.7% | 3.5% | 6.2% | 6.7% | 8.8% |
| Diluted shares | 973M | 1.1B | 1.4B | 1.5B | 1.5B |
Share count is down 33.7% over 4 years. Buybacks have been shrinking the pie.
What General Motors says it does
for further information on regulatory and environmental requirements. 20 Table of Contents GENERAL MOTORS COMPANY AND SUBSIDIARIES There are limits on our ability to achieve fuel economy improvements over a given time frame, primarily relating to the cost and effectiveness of available technologies, lack of sufficient consumer acceptance of new technologies and of changes in vehicle mix, lack of willingness of consumers to absorb the additional costs of new technologies, the appropriateness (or lack thereof) of certain technologies for use in particular vehicles, the widespread availability (or lack thereof) of supporting infrastructure for new technologies, especially with respect to EVs, the availability (or lack thereof) of the raw materials and component supply to make batteries and other elements of EVs, and the human, engineering, and financial resources necessary to deploy new technologies across a wide range of products and…
Risk factors GM lists in its 10-K
- Automotive Financing - GM Financial Summary and Outlook
- Automotive and Other Selling, General, and Administrative Expense
- Interest Income and Other Non-operating Income, net
- Equity income (loss) — Automotive China
- EBIT-adjusted — excluding Equity income (loss)(a)
- Automotive Cash Flow (Dollars in billions)
- Automotive Financing – GM Financial Liquidity
- GM Financial Cash Flow (Dollars in billions)
- Product Warranty and Recall Campaigns
- GM Financial Allowance for Loan Losses
- Valuation of GM Financial Equipment on Operating Lease Assets and Residuals
- (Most comparable GAAP measure: Net income attributable to stockholders)
- (Most comparable GAAP measure: Diluted earnings per common share)
- (Most comparable GAAP measure: Effective tax rate)