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General Motors (GM) stock

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NYSE: GM NYSE Automobile Manufacturers Next results ~January 26, 2027

B+ Fundamentals grade

General Motors is a US-listed company in the automobile manufacturers industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$90

Valuation models combined (2)

Base case. Range ~$89–$90. Weighted average of 2 models (residual income, justified price-to-book).

Price vs value

No Buy/Hold/Sell rating is issued: consolidated figures include GM Financial, a finance arm whose borrowing funds customer loans, so a single cash-flow value of the group is not meaningful; not rated until we value the parts separately.

General Motors valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter General Motors files

10-Q filed October 20: General Motors

Model value −67.4%

Revenue for the twelve months to September 2026 was $187.0bn, down 0.3% on a year earlier, a smaller fall than the 1.1% decline a quarter earlier. Free-cash-flow margin held at 7.7%. The diluted share count is down 8.6% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from C to B+. Our model value falls from $251 to $81.79 a share, against a share price of $85.31.

Source: 10-Q filed October 20, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 21: General Motors

Trailing-twelve-month revenue reached $187.0bn to June 2026, down 0.3% on a year earlier. That decline was shallower than the -1.1% recorded a quarter earlier, though it still leaves General Motors 836th of the 931 companies we cover for growth. Free-cash-flow margin held at 7.7%. The diluted share count has fallen 8.6% over the year, lifting each remaining share. On our model the value rises from $241 to $256 a share, against a market price of $77.09. The rating stays Buy.

10-Q on SEC EDGAR

Where General Motors stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $185.5bn, down 1.1% on a year earlier, faster than -2.0% a quarter earlier. That puts it 853 of 931 for growth among all the companies we cover. Free-cash-flow margin held at 7.8%. Operating margin narrowed to 1.0% from 5.7%. The diluted share count is down 10.4% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 2 financial-health checks. Our cash-flow model value is $241 a share, against a share price of $76.16.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 26, 2027 (estimated)

General Motors's trailing-twelve-month revenue fell 0.3% year on year, with a free-cash-flow margin of 7.7%. Where it stands out: change in share count of -8.6% ranks 2 of 21 automobile manufacturers companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 3.4% while net income grew 30.0%: a 33pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 8.6% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $23.2bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Revenue shrinking. Revenue fell 0.3% over the last 12 months.
  • Insiders selling. 6 insiders sold $149M of stock over the past 365 days and none bought (100% under pre-set trading plans).

Latest results: FY2026 Q3

Filed October 20, 2026
Earnings per share
$3.70 against an average estimate of $3.63: beat by 1.9%
Revenue
$50.02bn, up 2.9% on a year earlier
Share reaction
-8.0% in the first session after the results on October 20, 2026, against +0.9% for the S&P 500
Guidance given
net income attributable to stockholders $8.9bn to $9.5bn (full-year 2026); automotive operating cash flow $17.3bn to $20.3bn (full-year 2026)
Next report
October 20, 2026; average EPS estimate $2.44

General Motors' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.9%
  • 1 week+17.9%
  • 1 month+14.9%
  • This year+11.3%
  • 1 year+31.3%
  • 5 years+67.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$187B
Operating margin
2.3%
Net margin
2.1%
EPS (TTM, diluted)
$4.31

Growth

Revenue growth
−0.3%
Change in growth rate
+0.8 pts
Share count change
−8.6%

Cash

Free cash flow (TTM)
$14.4B
FCF margin
7.7%

Earnings

Last results
October 20, 2026
Next results (est.)
January 26, 2027

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership

    GM chief accounting officer to retire in April 2027

    General Motors said Christopher T. Hatto, its chief accounting officer, will retire on April 1, 2027. The company stated the departure is not due to any disagreement with management. Hatto will remain in his role until the retirement date to support the transition, and a successor will be named later.

    SEC 8-KRead source ↗
  2. Announcement

    GM to move stock listing from NYSE to Nasdaq

    General Motors said it will transfer its common stock listing from the New York Stock Exchange to the Nasdaq Global Select Market. The company expects to begin trading on Nasdaq on November 17, 2026, while keeping the ticker symbol GM. Existing shareholders do not need to take any action regarding the change.

    SEC 8-KRead source ↗
  3. Results

    General Motors reports third quarter 2026 results

    General Motors said it issued a news release on 20 October 2026 regarding its third quarter consolidated earnings. The company attached supplemental materials to the filing and made charts available on its website. The report was signed by Christopher T. Hatto, the Chief Accounting Officer.

    SEC 8-KRead source ↗
  4. Guidance
  5. Agreement
  6. Insider trade
  7. Insider trade
  8. Insider trade
  9. Insider trade
  10. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

General Motors valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: consolidated figures include GM Financial, a finance arm whose borrowing funds customer loans, so a single cash-flow value of the group is not meaningful; not rated until we value the parts separately.

Valuation models

We value General Motors as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.09 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$89 ~$62–$130 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$90 ~$79–$110 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: The finance arm and operating business require separate valuations; consolidated financing debt is not industrial debt.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: The finance arm and operating business require separate valuations; consolidated financing debt is not industrial debt.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: The finance arm and operating business require separate valuations; consolidated financing debt is not industrial debt.
Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$90 ~$89–$90 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare General Motors with Automobile Manufacturers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$27.18$29.21$35.78$30.40$34.66$39.91$56.20$32.39$34.95$52.38$80.79$89.94
Market value$44.6bn$45.9bn$53.4bn$43.5bn$49.9bn$57.6bn$82.5bn$47.1bn$47.9bn$59.1bn$78.6bn$82.6bn
+ Net debt (− = net cash)$48.6bn$73.0bn$79.8bn$85.3bn$84.9bn$90.0bn$89.8bn$97.1bn$104.6bn$111.9bn$110.6bn−$23.2bn
Enterprise value$93.2bn$118.9bn$133.2bn$128.8bn$134.8bn$147.6bn$172.3bn$144.2bn$152.5bn$171.0bn$189.2bn$59.4bn
Multiples
Price / sales 0.3x0.3x0.4x0.3x0.4x0.5x0.6x0.3x0.3x0.3x0.4x0.4x
Price / earnings 4.6x4.9x—5.4x7.4x9.0x8.2x4.7x4.7x9.8x29.1x20.9x
Price / free cash flow 9.0x5.6x6.0x6.7x6.7x5.1x10.7x6.9x4.8x6.4x4.5x5.7x
EV / EBITDA 7.6x6.5x6.5x7.3x6.9x7.6x8.1x6.7x7.2x7.1x12.7x3.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

41 /100

Weak moat

How hard General Motors's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Net income has been a median 2.5% of total assets over 10 years.

  • Pricing power 5 / 20

    Gross margin has been a median 13.0%, moving by 5.4 percentage points (standard deviation) across 8 years.

  • Durability 7 / 20

    Operating margin has been a median 4.7%; its worst year was 2.3%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 10 of 10 years, at a median 6.5% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 37.3% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (46 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $13.37 +26% $186.4bn +1%
Next $14.80 +11% $189.6bn +2%

Next year's EPS estimate has moved +0.6% in 90 days, across 22 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −0.1% on 90 days ago. In the last 30 days, 4 analysts raised General Motors's forecast and 3 cut it.

Consensus EPS forecast General Motors, last 90 days
$13.00 $13.50 $14.00 $14.50 $15.00 $15.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $13.39 Current fiscal year, 60 days ago: $13.39 Current fiscal year, 30 days ago: $13.51 Current fiscal year, 7 days ago: $13.42 Current fiscal year, Now: $13.37 $13.37 Next fiscal year, 90 days ago: $14.71 Next fiscal year, 60 days ago: $14.85 Next fiscal year, 30 days ago: $15.04 Next fiscal year, 7 days ago: $15.11 Next fiscal year, Now: $14.80 $14.80

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $13.39$14.71
60 days ago $13.39$14.85
30 days ago $13.51$15.04
7 days ago $13.42$15.11
Now $13.37$14.80

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $3.63 $3.70 +1.9%
Jun 2026 $3.19 $3.57 +12.0%
Mar 2026 $2.64 $3.70 +40.2%
Dec 2025 $2.27 $2.51 +10.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 20, 2026
  • EPS-diluted full-year 2026 $9.72 to $10.72 GAAP
    “The company expects net income attributable to stockholders to be $8.9 billion to $9.5 billion; Automotive operating cash flow to be $17.3 billion to $20.3 billion; and EPS-diluted to be $9.72 to $10.72 based on its updated guidance and the impact of adjustments recorded year to date.” source
  • EPS-diluted-adjusted full-year 2026 $12.75 to $13.75 Non-GAAP
    “EPS-diluted-adjusted $12.75 - $13.75 $12.00 - $14.00” source
  • net income attributable to stockholders full-year 2026 $8.9bn to $9.5bn GAAP
    “The company expects net income attributable to stockholders to be $8.9 billion to $9.5 billion; Automotive operating cash flow to be $17.3 billion to $20.3 billion; and EPS-diluted to be $9.72 to $10.72 based on its updated guidance and the impact of adjustments recorded year to date.” source
  • Automotive operating cash flow full-year 2026 $17.3bn to $20.3bn GAAP
    “The company expects net income attributable to stockholders to be $8.9 billion to $9.5 billion; Automotive operating cash flow to be $17.3 billion to $20.3 billion; and EPS-diluted to be $9.72 to $10.72 based on its updated guidance and the impact of adjustments recorded year to date.” source
  • EBIT-adjusted full-year 2026 $14.5bn to $15.5bn Non-GAAP Narrowed
    “EBIT-adjusted $14.5 billion - $15.5 billion $14.0 billion - $16.0 billion” source
  • Adjusted automotive free cash flow full-year 2026 $11.5bn to $12.5bn Non-GAAP
    “Adjusted automotive free cash flow $11.5 billion - $12.5 billion $9.5 billion - $11.5 billion” source
Show 2 more items
  • Capital expenditures · Automotive Year Ending December 31, 2026 $10bn to $12bn
    “Less: Capital expenditures 10.0-12.0 10.0-12.0” source
  • Income tax expense Year Ending December 31, 2026 $2bn to $2.4bn
    “Income tax expense 2.0-2.4 2.2-2.8” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

24 analysts, Oct 2026
Buy2083%
Hold417%
Sell00%

Monthly trend

  1. Oct 2026713424
  2. Sep 2026713424
  3. Aug 2026715427
  4. Jul 2026715428

Counts of recommendations published by analysts covering General Motors, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.5%
of tradable shares
Days to cover
2.88
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
0.2%
of shares
Employees
156,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +31.3%

$68.50 on October 31, 2025 to $89.94

ThenNowEffect
Revenue (last 12 months) $187.6bn $185.5bn −1.1%
Net margin 2.5% 1.1% −58.7%
P/E multiple 15.0x 43.3x +188.2%
Share count 1046m 938m +11.6%

Biggest factor: p/e multiple.

Last 3 years +211.3%

$28.89 on November 3, 2023 to $89.94

ThenNowEffect
Revenue (last 12 months) $169.7bn $185.5bn +9.3%
Net margin 6.0% 1.1% −82.6%
P/E multiple 4.0x 43.3x +984.1%
Share count 1418m 938m +51.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GM+41%−42%+8%+50%+54%+11%
Industry peers (median)+18%−65%+7%−43%−50%−57%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GM67%42%33%67%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GM−25%−53%−38%−20%−23%−16%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 60% from October 24, 2017 to March 18, 2020. Getting back needed a 150% gain, reached on November 16, 2020, 243 days after the low.

Price behaviour

52-week range
$66.30 – $90.11
From 52-week high
−0.2%
vs 50-day average
+8.2%
vs 200-day average
+11.9%
Volatility (1 year)
34%
Beta vs S&P 500
1.09

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±6.9%
After a week
6 up, 6 down
typical move ±8.1%
After a month
9 up, 2 down
typical move ±9.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 20, 2026 −8.0% +0.9% −2.7% —
July 21, 2026 +8.4% +0.7% +19.1% +12.1%
April 28, 2026 −1.7% −0.5% −2.3% +8.2%
January 27, 2026 +6.9% +0.4% +7.9% +1.7%
October 21, 2025 +16.1% −0.5% +20.5% +18.1%
July 22, 2025 −0.2% +0.9% −2.1% +6.7%
April 29, 2025 −4.2% +0.7% −3.8% +2.9%
January 28, 2025 −9.4% +0.4% −11.6% −13.3%
October 22, 2024 +8.2% −1.0% +5.3% +12.1%
July 23, 2024 −6.2% −2.4% −10.8% −6.1%
April 23, 2024 +4.3% +1.1% +3.1% +1.8%
January 30, 2024 +9.6% −1.7% +7.5% +16.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

General Motors in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) General Motors
$170B $175B $180B $185B $190B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $171.8B Revenue (TTM), FY24 Q1: $174.9B Revenue (TTM), FY24 Q2: $178.1B Revenue (TTM), FY24 Q3: $182.7B Revenue (TTM), FY24 Q4: $187.4B Revenue (TTM), FY25 Q1: $188.4B Revenue (TTM), FY25 Q2: $187.6B Revenue (TTM), FY25 Q3: $187.4B Revenue (TTM), FY25 Q4: $185B Revenue (TTM), FY26 Q1: $184.6B Revenue (TTM), FY26 Q2: $185.5B Revenue (TTM), FY26 Q3: $187B $187B

Source: SEC EDGAR filings. Retrieved October 21, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $171.8B
FY24 Q1 $174.9B
FY24 Q2 $178.1B
FY24 Q3 $182.7B
FY24 Q4 $187.4B
FY25 Q1 $188.4B
FY25 Q2 $187.6B
FY25 Q3 $187.4B
FY25 Q4 $185B
FY26 Q1 $184.6B
FY26 Q2 $185.5B
FY26 Q3 $187B
Revenue growth, TTM YoY General Motors
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 9.6% Revenue growth, TTM YoY, FY24 Q1: 8.8% Revenue growth, TTM YoY, FY24 Q2: 4.9% Revenue growth, TTM YoY, FY24 Q3: 6.3% Revenue growth, TTM YoY, FY24 Q4: 9.1% Revenue growth, TTM YoY, FY25 Q1: 7.8% Revenue growth, TTM YoY, FY25 Q2: 5.3% Revenue growth, TTM YoY, FY25 Q3: 2.6% Revenue growth, TTM YoY, FY25 Q4: -1.3% Revenue growth, TTM YoY, FY26 Q1: -2.0% Revenue growth, TTM YoY, FY26 Q2: -1.1% Revenue growth, TTM YoY, FY26 Q3: -0.3% -0.3%

Source: SEC EDGAR filings. Retrieved October 21, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 9.6%
FY24 Q1 8.8%
FY24 Q2 4.9%
FY24 Q3 6.3%
FY24 Q4 9.1%
FY25 Q1 7.8%
FY25 Q2 5.3%
FY25 Q3 2.6%
FY25 Q4 -1.3%
FY26 Q1 -2.0%
FY26 Q2 -1.1%
FY26 Q3 -0.3%
Operating margin (TTM) General Motors
0% 2% 4% 6% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 5.4% Operating margin (TTM), FY24 Q1: 6.0% Operating margin (TTM), FY24 Q2: 6.5% Operating margin (TTM), FY24 Q3: 6.7% Operating margin (TTM), FY24 Q4: 6.8% Operating margin (TTM), FY25 Q1: 6.6% Operating margin (TTM), FY25 Q2: 5.7% Operating margin (TTM), FY25 Q3: 4.3% Operating margin (TTM), FY25 Q4: 1.6% Operating margin (TTM), FY26 Q1: 1.3% Operating margin (TTM), FY26 Q2: 1.0% Operating margin (TTM), FY26 Q3: 2.3% 2.3%

Source: SEC EDGAR filings. Retrieved October 21, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 5.4%
FY24 Q1 6.0%
FY24 Q2 6.5%
FY24 Q3 6.7%
FY24 Q4 6.8%
FY25 Q1 6.6%
FY25 Q2 5.7%
FY25 Q3 4.3%
FY25 Q4 1.6%
FY26 Q1 1.3%
FY26 Q2 1.0%
FY26 Q3 2.3%
FCF margin (TTM) General Motors
4% 6% 8% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 5.8% FCF margin (TTM), FY24 Q1: 5.5% FCF margin (TTM), FY24 Q2: 4.3% FCF margin (TTM), FY24 Q3: 4.6% FCF margin (TTM), FY24 Q4: 5.0% FCF margin (TTM), FY25 Q1: 7.0% FCF margin (TTM), FY25 Q2: 7.8% FCF margin (TTM), FY25 Q3: 7.9% FCF margin (TTM), FY25 Q4: 9.5% FCF margin (TTM), FY26 Q1: 8.0% FCF margin (TTM), FY26 Q2: 7.8% FCF margin (TTM), FY26 Q3: 7.7% 7.7%

Source: SEC EDGAR filings. Retrieved October 21, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 5.8%
FY24 Q1 5.5%
FY24 Q2 4.3%
FY24 Q3 4.6%
FY24 Q4 5.0%
FY25 Q1 7.0%
FY25 Q2 7.8%
FY25 Q3 7.9%
FY25 Q4 9.5%
FY26 Q1 8.0%
FY26 Q2 7.8%
FY26 Q3 7.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar General Motors took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $185B
  2. Other operating costs $182B · 98.4%
  3. Operating income $2.9B · 1.6%
  4. Net income $2.7B · 1.5%

Shares of revenue. Source: General Motors's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 135.6 150.3 152.3 155.4 155.9 135.7 149.2 145.6 147.0 137.2 122.5 127.0 156.7 171.8 187.4 185.0 187.0
Gross profit 16.8 19.9 12.0 20.5 17.8 22.7 27.4 29.4 26.4 26.6 24.9 26.5 — — — — —
EBITDA — — — — — 12.3 18.4 20.6 17.6 19.5 19.3 21.4 21.6 21.0 24.2 14.9 16.3
Operating income 5.1 5.7 −30.4 5.1 1.5 5.5 8.7 8.7 4.4 5.5 6.6 9.3 10.3 9.3 12.8 2.9 4.3
Net income 6.2 9.2 6.2 5.3 3.9 9.7 9.4 −3.9 8.0 6.7 6.4 10.0 9.9 10.1 6.0 2.7 4.0
Diluted EPS — $4.58 $2.92 $2.38 $1.65 $5.91 $6.00 −$2.60 $5.53 $4.57 $4.33 $6.70 $6.13 $7.32 $6.37 $3.27 $4.31
Growth (year on year)
Revenue — +10.8% +1.3% +2.1% +0.3% −13.0% +9.9% −2.4% +1.0% −6.7% −10.7% +3.7% +23.4% +9.6% +9.1% −1.3% −0.3%
EBITDA — — — — — — +49.5% +12.3% −14.7% +11.1% −1.2% +10.7% +1.0% −2.6% +15.2% −38.6% −18.4%
Operating income — +10.7% −636.8% — −70.2% — +56.8% −0.3% −48.7% +23.3% +21.0% +40.5% +10.6% −9.9% +37.5% −77.2% −46.3%
Net income — +48.9% −32.7% −13.6% −26.1% +145.3% −2.7% −141.0% — −16.0% −4.5% +55.9% −0.8% +1.9% −40.7% −55.1% —
Diluted EPS — — −36.2% −18.5% −30.7% +258.2% +1.5% −143.3% — −17.4% −5.3% +54.7% −8.5% +19.4% −13.0% −48.7% —
Margins
Gross margin 12.4% 13.2% 7.9% 13.2% 11.4% 16.7% 18.4% 20.2% 17.9% 19.4% 20.4% 20.8% — — — — —
EBITDA margin — — — — — 9.1% 12.3% 14.2% 12.0% 14.2% 15.8% 16.8% 13.8% 12.2% 12.9% 8.0% 8.7%
Operating margin 3.8% 3.8% −19.9% 3.3% 1.0% 4.1% 5.8% 5.9% 3.0% 4.0% 5.4% 7.3% 6.6% 5.4% 6.8% 1.6% 2.3%
Net margin 4.6% 6.1% 4.1% 3.4% 2.5% 7.1% 6.3% −2.7% 5.4% 4.9% 5.2% 7.9% 6.3% 5.9% 3.2% 1.5% 2.1%
Free-cash-flow margin 1.9% 1.3% 1.7% 3.3% 1.9% 3.7% 5.5% 6.1% 4.4% 5.4% 9.3% 6.0% 4.3% 5.8% 5.0% 9.5% 7.7%
Cash flow
Cash from operations 6.8 8.2 10.6 12.6 10.1 11.8 16.6 17.3 15.3 15.0 16.7 15.2 16.0 20.9 20.1 26.9 23.4
Capital spending 4.2 6.2 8.1 7.6 7.1 6.8 8.4 8.5 8.8 7.6 5.3 7.5 9.2 11.0 10.8 9.3 9.0
Free cash flow 2.6 1.9 2.5 5.1 3.0 5.0 8.2 8.9 6.5 7.4 11.4 7.7 6.8 10.0 9.3 17.6 14.4
Stock-based pay 0.2 0.2 0.3 0.3 0.2 0.4 0.6 0.6 0.3 0.5 0.4 0.4 0.4 0.3 0.3 0.3 —
Free cash flow after stock pay 2.3 1.7 2.2 4.8 2.7 4.5 7.6 8.3 6.2 7.0 11.0 7.3 6.4 9.6 9.0 17.2 —
Balance sheet
Cash 21.3 16.1 18.4 20.0 19.0 15.2 12.6 15.5 20.8 19.1 20.0 20.1 19.2 18.9 19.9 20.9 23.2
Total debt 0.0 0.0 0.0 0.0 47.5 63.8 85.6 95.3 106.1 104.0 110.0 109.9 116.2 123.5 131.8 131.6 —
Net debt (negative = net cash) −21.3 −16.1 −18.4 −20.0 28.6 48.6 73.0 79.8 85.3 84.9 90.0 89.8 97.1 104.6 111.9 110.6 −23.2
Diluted shares — 1,668m 1,675m 1,676m 1,687m 1,640m 1,570m 1,492m 1,431m 1,439m 1,442m 1,468m 1,454m 1,369m 1,129m 973m 918m
Returned to shareholders
Dividends 1.6 0.9 0.9 1.7 3.2 2.2 2.4 2.2 2.2 2.4 0.7 0.2 0.4 0.6 0.7 0.7 1.2
Buybacks 1.5 0.0 5.1 2.4 3.3 3.5 2.5 4.5 0.2 0.0 0.1 0.0 2.5 11.1 7.1 6.0 7.8
Total returned 3.0 0.9 6.0 4.1 6.4 5.8 4.9 6.7 2.4 2.4 0.8 0.2 2.9 11.7 7.7 6.7 9.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 2 checks passed · September 30, 2026
What it owns · $289.2bn
Short-term assets $115.9bnLonger-term assets $173.3bn
What it owes, and who funded it · $287.5bn
Short-term liabilities $106.3bnLonger-term liabilities $118.3bnShareholders' equity $62.8bn
  • Short-term assets cover short-term liabilities $115.9bn of assets due within a year against $106.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $115.9bn short-term assets against $118.3bn of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From General Motors's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$7.8B
Dividends (TTM)
$1.2B
Returned to shareholders
62%
of free cash flow
Buybacks, last 3 fiscal years
$24.2B
Diluted share count
−8.6%
year over year
Total shareholder yield
11.8%
dividends 1.6% + buybacks 10.2% of market value
Dividend payout ratio
30%
of net income paid out
Days sales outstanding
33 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in automobile manufacturers
Last 12 months unless stated GM F STLA HMC TM TSLA Median
Revenue, last 12 months $187.0bn $187.0bn $173.6bn $144.8bn $336.8bn $103.6bn $6.5bn
Revenue growth, last 12 months −0.3% −1.4% 2.2% 1.7% 6.8% 8.3% 1.7%
Revenue growth, 3-year average 2.8% 2.4% — — — 2.6% 2.7%
Revenue growth, latest quarter 2.9% −2.0% — — — −0.2% −2.0%
Gross margin 18.3% 8.4% −1.4% 16.5% — 19.3% 13.3%
Operating margin 2.3% −3.8% −17.1% −1.9% 7.4% 3.3% −16.2%
Operating margin, 3-year average 4.4% 0.0% — 3.2% — 5.3% 0.0%
Net margin 2.1% −4.2% −14.5% −1.9% 7.6% 3.1% −14.5%
Cash from operations / revenue 12.5% 8.0% −3.0% 5.2% 10.8% 18.1% 3.4%
Free-cash-flow margin 7.7% 2.8% — 2.4% 6.1% 3.2% 2.1%
Free-cash-flow margin, 3-year average 6.7% 4.2% — 5.3% — 4.7% 4.0%
Stock pay / revenue 0.2% 0.2% — — — 4.2% 1.1%
Change in share count −8.6% −0.3% −3.0% −14.4% −1.7% 0.5% 0.5%

Median of all 23 companies we cover in automobile manufacturers. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

23 automobile manufacturers companies
Measure Company Peer median Rank
Revenue growth Growth -0.3% 1.7% 14 of 23
Change in growth rate Growth +0.8pp -2.1pp 10 of 23
Operating margin Profitability 2.3% -16.0% 5 of 22
Net margin Profitability 2.1% -14.5% 4 of 23
Free-cash-flow margin Cash generation 7.7% 2.4% 3 of 22
Change in share count Balance sheet -8.6% 0.5% 2 of 21
Days sales outstanding Balance sheet 33 days 34 days 8 of 16

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Vehicles and Parts $161B ▼ 2.8%
Services and Other $5.7B ▲ 11.2%
Used Vehicles $1.7B ▲ 34.7%

These categories overlap or exclude eliminations, so shares aren't shown.

From General Motors's 10-K filed January 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$58.3B
Institutions reporting
1,552
Shares held vs prior quarter
▲ 0.3%
Positions opened / closed
155 / 107

Top buyers and sellers, Q2 2026: 778 institutions bought and 624 sold ; the biggest buyer was FMR LLC (+4.0M shares) and the biggest seller Blackrock, Inc (−5.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $6B 77.3M 10.2% ▼ 6.5%
Vanguard Capital Management LLC $4.5B 58.9M 7.8% ▲ 0.3%
State Street Corp $3.4B 44.4M 5.9% ▼ 0.2%
Vanguard Portfolio Management LLC $2.9B 37.9M 5.0% ▲ 0.4%
Franklin Resources Inc $2.4B 31.3M 4.1% ▼ 13.2%
Geode Capital Management, LLC $1.7B 21.8M 2.9% ▼ 1.0%
FMR LLC $1.5B 19.1M 2.5% ▲ 26.6%
Capital World Investors $1.4B 18.5M 2.4% ▼ 0.6%
D. E. Shaw & Co., Inc. $1.2B 15.0M 2.0% ▲ 21.8%
Dimensional Fund Advisors LP $1.1B 14.1M 1.9% ▼ 0.9%
Morgan Stanley $1.1B 14.0M 1.9% ▲ 20.0%
AQR Capital Management LLC $1.1B 14.0M 1.8% ▲ 0.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not General Motors's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $149M 33 trades by 6 insiders · 100% under pre-set plans
Net ▼ $149M net selling
Insider Date Trade Shares Price Value
Dixton Grant Michael Executive Vice President August 3, 2026 Sell pre-set plan 40,000 $88.44 $3.5M
Reuss Mark L President July 28, 2026 Sell pre-set plan 71,079 $89.97 $6.4M
Hatto Christopher Vice President & CAO July 28, 2026 Sell pre-set plan 6,895 $90.00 $620,550
Barra Mary T Chair & CEO July 28, 2026 Sell pre-set plan 108,382 $90.38 $9.8M
Barra Mary T Chair & CEO July 28, 2026 Sell pre-set plan 48,659 $90.38 $4.4M
Barra Mary T Chair & CEO July 28, 2026 Sell pre-set plan 69,564 $90.38 $6.3M
Barra Mary T Chair & CEO July 28, 2026 Sell pre-set plan 91,843 $90.38 $8.3M
Barra Mary T Chair & CEO July 27, 2026 Sell pre-set plan 54,866 $85.32 $4.7M
Barra Mary T Chair & CEO July 27, 2026 Sell pre-set plan 49,495 $85.33 $4.2M
Harvey Rory Executive Vice President July 27, 2026 Sell pre-set plan 8,882 $86.95 $772,290
Barra Mary T Chair & CEO June 16, 2026 Sell pre-set plan 8,896 $85.10 $757,050
Barra Mary T Chair & CEO June 16, 2026 Sell pre-set plan 83,476 $85.10 $7.1M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 52 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of General Motors shares.

  • Thomas H. Kean, Jr.(R-NJ 7):Sale (full), $1,001 - $15,000, traded January 7, 2026, filed February 19, 2026
  • Jefferson Shreve(R-IN 6):Sale (full), $15,001 - $50,000, traded May 12, 2025, filed June 22, 2025
  • Robert P. Bresnahan, Jr.(R-PA 8):Purchase, $1,001 - $15,000, traded April 8, 2025, filed May 8, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 26, 2027 estimated from the company's past filing pattern, not announced

  • October 20, 2026
  • July 21, 2026
  • April 28, 2026
  • January 27, 2026
  • October 21, 2025
  • July 22, 2025

Recent SEC filings

Data status

When each part of this page on General Motors was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

General Motors in brief

What does General Motors do?
General Motors is a US-listed company in the automobile manufacturers industry. Its financial year ends in December.
What is General Motors's stock ticker?
General Motors trades under the ticker GM on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is General Motors's revenue, and how fast is it growing?
Over its most recent trailing twelve months, General Motors reported revenue of $187B, 0.3% lower than a year earlier, according to its SEC filings.
What is General Motors's free cash flow?
General Motors's free-cash-flow margin is 7.7% of revenue over the trailing twelve months, ranking 3 of the 22 automobile manufacturers companies we cover.
Who are General Motors's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is General Motors buying back stock, and does it pay a dividend?
General Motors spent $7.8B on share repurchases over the trailing twelve months, and its diluted share count fell 8.6% over the year.
What is General Motors's market cap?
On November 2, 2026, General Motors's market capitalisation was about $82.6B, with a price-to-earnings ratio of 20.9 and net debt of -$23.2B. Market figures come from third-party market data and may be delayed.
Does General Motors pay a dividend?
Yes: General Motors paid $1.2B in dividends over the trailing twelve months, a dividend yield of 1.55% and a payout ratio of 29.9%.
Who are General Motors's competitors?
In our Automobile Manufacturers peer group, the companies closest to General Motors are Ford Motor Company, Stellantis N.V., Honda Motor Co LTD, Toyota Motor Corp/ and Tesla, Inc. The side-by-side comparison below sets their revenue, margins and growth against General Motors's.
Are insiders buying or selling General Motors stock?
Over the last 12 months, General Motors's directors and officers reported 0 open-market purchases and 33 sales on Form 4. The insider trading page charts every trade.
When is General Motors's next earnings date?
Around January 26, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — General Motors announces its own schedule.