Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
General Motors Co., profitability ratios
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | General Motors Co. gross profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | General Motors Co. operating profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | General Motors Co. net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | General Motors Co. ROE improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| ROA | A profitability ratio calculated as net income divided by total assets. | General Motors Co. ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Gross Profit Margin
General Motors Co., gross profit margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Automotive and other gross margin | 20,541) | 16,328) | 17,083) | 13,046) | 11,134) | |
| Automotive net sales and revenue | 171,606) | 157,658) | 143,975) | 113,590) | 108,673) | |
| Profitability Ratio | ||||||
| Gross profit margin1 | 11.97% | 10.36% | 11.87% | 11.49% | 10.25% | |
| Benchmarks | ||||||
| Gross Profit Margin, Competitors2 | ||||||
| Ford Motor Co. | 8.26% | 9.25% | 9.85% | 9.20% | 2.75% | |
| Tesla Inc. | 17.86% | 18.25% | 25.60% | 25.28% | 21.02% | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Gross profit margin = 100 × Automotive and other gross margin ÷ Automotive net sales and revenue
= 100 × 20,541 ÷ 171,606 = 11.97%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | General Motors Co. gross profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Operating Profit Margin
General Motors Co., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income | 12,784) | 9,298) | 10,315) | 9,324) | 6,634) | |
| Automotive net sales and revenue | 171,606) | 157,658) | 143,975) | 113,590) | 108,673) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 7.45% | 5.90% | 7.16% | 8.21% | 6.10% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Ford Motor Co. | 3.02% | 3.29% | 4.21% | 3.58% | -3.80% | |
| Tesla Inc. | 7.24% | 9.19% | 16.76% | 12.12% | 6.32% | |
| Operating Profit Margin, Sector | ||||||
| Automobiles & Components | — | 5.63% | 8.08% | 6.94% | 1.65% | |
| Operating Profit Margin, Industry | ||||||
| Consumer Discretionary | — | 9.12% | 8.47% | 8.79% | 6.48% | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Operating profit margin = 100 × Operating income ÷ Automotive net sales and revenue
= 100 × 12,784 ÷ 171,606 = 7.45%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | General Motors Co. operating profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Net Profit Margin
General Motors Co., net profit margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to stockholders | 6,008) | 10,127) | 9,934) | 10,019) | 6,427) | |
| Automotive net sales and revenue | 171,606) | 157,658) | 143,975) | 113,590) | 108,673) | |
| Profitability Ratio | ||||||
| Net profit margin1 | 3.50% | 6.42% | 6.90% | 8.82% | 5.91% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Ford Motor Co. | 3.40% | 2.62% | -1.33% | 14.21% | -1.10% | |
| Tesla Inc. | 7.26% | 15.50% | 15.41% | 10.25% | 2.29% | |
| Net Profit Margin, Sector | ||||||
| Automobiles & Components | — | 7.01% | 5.48% | 11.40% | 2.29% | |
| Net Profit Margin, Industry | ||||||
| Consumer Discretionary | — | 7.92% | 5.15% | 9.20% | 5.24% | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Net profit margin = 100 × Net income attributable to stockholders ÷ Automotive net sales and revenue
= 100 × 6,008 ÷ 171,606 = 3.50%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | General Motors Co. net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Return on Equity (ROE)
General Motors Co., ROE calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to stockholders | 6,008) | 10,127) | 9,934) | 10,019) | 6,427) | |
| Stockholders’ equity | 63,072) | 64,286) | 67,792) | 59,744) | 45,030) | |
| Profitability Ratio | ||||||
| ROE1 | 9.53% | 15.75% | 14.65% | 16.77% | 14.27% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Ford Motor Co. | 13.11% | 10.16% | -4.58% | 36.97% | -4.17% | |
| Tesla Inc. | 9.73% | 23.94% | 28.09% | 18.28% | 3.24% | |
| ROE, Sector | ||||||
| Automobiles & Components | — | 17.37% | 13.17% | 24.18% | 5.99% | |
| ROE, Industry | ||||||
| Consumer Discretionary | — | 30.61% | 21.65% | 34.37% | 25.29% | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
ROE = 100 × Net income attributable to stockholders ÷ Stockholders’ equity
= 100 × 6,008 ÷ 63,072 = 9.53%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | General Motors Co. ROE improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Return on Assets (ROA)
General Motors Co., ROA calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to stockholders | 6,008) | 10,127) | 9,934) | 10,019) | 6,427) | |
| Total assets | 279,761) | 273,064) | 264,037) | 244,718) | 235,194) | |
| Profitability Ratio | ||||||
| ROA1 | 2.15% | 3.71% | 3.76% | 4.09% | 2.73% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Ford Motor Co. | 2.06% | 1.59% | -0.77% | 6.98% | -0.48% | |
| Tesla Inc. | 5.81% | 14.07% | 15.25% | 8.88% | 1.38% | |
| ROA, Sector | ||||||
| Automobiles & Components | — | 4.51% | 3.41% | 5.94% | 1.06% | |
| ROA, Industry | ||||||
| Consumer Discretionary | — | 7.66% | 4.94% | 8.07% | 4.42% | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
ROA = 100 × Net income attributable to stockholders ÷ Total assets
= 100 × 6,008 ÷ 279,761 = 2.15%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | General Motors Co. ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |