General Motors (GM) financials
NYSE · Consumer Cyclical · Auto - Manufacturers · 156,000 employees · CEO Mary T. Barra
- Price
- $87.40 +1.96%
- Market cap
- $74.2B
- Enterprise value
- $180B
- Last report
- Q3 '26 filed 2026-10-20
- Next report
- 2027-01-27 EPS est. $2.60
Revenue (TTM)$187B-0.3% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)2.3%-2.0 pp vs a year agoOperating income $4.34B
Net income (TTM)$3.93B+28.9% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$16.5B+627.1% vs a year agoCapex $6.92B
Diluted EPS (TTM)$4.36-14.2% vs a year agoSum of the last 4 quarters
Net cash-$101B+1.8% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $74.2B EV $180B
- Revenue
- $187B Trailing 12 months
- Revenue growth
- +1% FY2026 consensus
- Profit margin
- 2.1% Net income / revenue, TTM
- P/E
- 19.8× Forward 6.5× (FY2026)
- P/S
- 0.4× Price / sales, TTM
- EV / EBITDA
- 11.9× TTM
- Free cash flow
- $16.5B Trailing 12 months
- Net income
- $3.93B Trailing 12 months
- Revenue estimate
- $186B FY2026 consensus
- Earnings
- 2027-01-27 Revenue est. $44.5B
- Dividend
- $0.69 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-10-20): revenue beat by 2.5%, EPS in lineRevenue $50B vs $48.8B expected (+2.5%); EPS $3.70 vs $3.69 (+0.3%).
- Revenue growth accelerating: 2.9% year on yearQ3 '26 revenue $50B, against an average of -1.1% over the four quarters before.
- Operating margin 2.3% (TTM), -2.0 pp on a year agoOperating income grew -46.3% while revenue grew -0.3%.
- Capex 3.7% of revenue (a year ago 11.7%)$6.92B invested in the last 4 quarters (-68.5% on a year earlier). Free cash flow $16.5B = 420.2% of net income.
- Returned $9.01B to shareholders = 54.6% of free cash flowBuybacks $7.83B (a year earlier $8.2B), dividends $1.18B, stock-based pay $0 (TTM).
- Diluted share count down 9.1% in a year887M diluted shares in Q3 '26, 976M a year earlier.
- Net debt $101BCash + short-term investments $27.8B, debt incl. leases $129B; a year ago net debt $103B.
Last quarter: Q3 '26
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $50B | $48.6B | +2.9% |
| Gross margin | 18.5% | 6.4% | +12.1 pp |
| Operating income | $3.6B | $1.08B | +234.4% |
| Operating margin | 7.2% | 2.2% | +5.0 pp |
| Net income | $3.34B | $1.33B | +151.1% |
| Diluted EPS | $3.73 | $1.35 | +176.3% |
| Operating cash flow | $7.32B | $7.1B | +3.0% |
| Capex | $2.35B | $2.13B | +10.1% |
| Free cash flow | $4.97B | $4.97B | 0.0% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $0 | $0 | – |
Reported vs consensus
2026-10-20| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $50B | $48.8B | +2.5% |
| EPS (as estimated) | $3.70 | $3.69 | +0.3% |
From the report of 2026-10-20 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q3 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| GMNA | $45.7B | +3.3% | 47.8% | – | – | |
| Vehicle, parts, and accessories | – | – | – | – | – | |
| GM North America | $41.4B | +2.1% | 43.4% | – | – | |
| GM Financial Segment | $4.31B | -0.6% | 4.5% | – | – | |
| GMI | $4.09B | +12.1% | 4.3% | – | – | |
| GM Financial | – | – | – | – | – | |
| Services and other | – | – | – | – | – | |
| Used vehicles | – | – | – | – | – | |
| Cruise | – | – | – | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $23.4B
- Capex
- -$6.92B
- Buybacks
- -$7.83B
- Dividends
- -$1.18B
- Acquisitions
- $0
- Net debt issued
- -$2.82B
- Stock-based compensation
- $0
- Free cash flow
- $16.5B
- Returned to shareholders / FCF
- 54.6%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 19.8× | 10.3× | 4.9× – 24.4× |
| EV / EBITDA | 11.9× | 7.5× | 6.1× – 10.0× |
| EV / Sales | 1.0× | 1.0× | 0.9× – 1.4× |
| Price / FCF | 4.5× | 6.8× 1 of 5 years | 6.8× – 6.8× |
| Price / Book | 1.2× | 1.0× | 0.7× – 1.4× |
| FCF yield | 22.2% | -4.3% | -10.6% – 14.8% |
| Return on invested capital | 1.7% | 3.4% | 1.2% – 4.1% |
| Return on equity | 6.3% | 12.2% | 4.4% – 16.8% |
Analysts
Consensus target $100.83 (+15.4%)
range $61.00 – $132.00 · rating Buy
Strong buy2
Buy32
Hold13
Sell4
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $186B | +0.6% | $13.54 | +314.1% | 6.5× | 13 |
| FY2027 | $190B | +1.9% | $15.21 | +12.3% | 5.7× | 13 |
| FY2028 | $192B | +1.4% | $17.27 | +13.6% | 5.1× | 7 |
| FY2029 | $195B | +1.3% | $20.41 | +18.2% | 4.3× | 2 |
| FY2030 | $196B | +0.3% | $21.59 | +5.8% | 4.0× | 4 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 240 figures General Motors Company tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $29.8B | $27.3B | +9.0% | $23.9B | $25.7B | -6.9% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $17.1B | $17.1B | +0.1% | $13.1B | $12.8B | +1.8% |
| Accrued Liabilities, Current | $33.1B | $29.5B | +12.2% | $33.8B | $31.2B | +8.3% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$10.2B | -$10.8B | +5.8% | -$10.3B | -$11.3B | +8.1% |
| Additional Paid in Capital | $18.7B | $20.3B | -7.6% | $19.9B | $20.8B | -4.4% |
| Amortization of Intangible Assets | – | – | – | $145M | $146M | -0.7% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | – | 0 | 0 | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $130M | $200M | -35.0% | $531M | $543M | -2.2% |
| Asset Impairment Charges | -$60M | $1.04B | -105.7% | $2.61B | $934M | +179.3% |
| Assets | $289B | $288B | +0.4% | $281B | $280B | +0.5% |
| Assets, Current | $116B | $115B | +1.1% | $109B | $109B | +0.2% |
| Assets, Noncurrent | $173B | $174B | -0.1% | $173B | $171B | +0.8% |
| Capital Expenditures Incurred but Not yet Paid | $641M | $459M | +39.7% | $3.86B | $3.86B | -0.1% |
| Cash and Cash Equivalents, at Carrying Value | $23.2B | $22.9B | +1.2% | $20.9B | $19.9B | +5.4% |
| Cash and Cash Equivalents, Fair Value Disclosure | $23.2B | $22.9B | +1.2% | $20.9B | $19.9B | +5.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $27B | $26.2B | +3.1% | $24.3B | $23B | +5.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $3.45B | $410M | +741.0% | $1.32B | $1.05B | +26.1% |
| Common Stock, Dividends, Per Share, Declared | $0.18 | $0.15 | +20.0% | $0.57 | $0.48 | +18.8% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 5B | 5B | 0.0% | 5B | 5B | 0.0% |
| Common Stock, Shares, Issued | 849M | 933M | -9.0% | 904M | 995M | -9.1% |
| Common Stock, Shares, Outstanding | 849M | 933M | -9.0% | 904M | 995M | -9.1% |
| Common Stock, Value, Issued | $8M | $9M | -11.1% | $9M | $10M | -10.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $113M | -$67M | +268.7% | $126M | -$176M | +171.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $3.36B | $1.47B | +128.7% | $3.61B | $5B | -27.9% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $3.47B | $1.4B | +147.7% | $3.73B | $4.83B | -22.6% |
| Contract with Customer, Liability | $9.6B | $8.1B | +18.5% | $8.2B | $6.6B | +24.2% |
| Contract with Customer, Liability, Current | $3.95B2025-12-31 | $3.37B | +17.2% | $3.95B | $3.37B | +17.2% |
| Contract with Customer, Liability, Noncurrent | $7.1B2025-12-31 | $5.94B | +19.5% | $7.1B | $5.94B | +19.5% |
| Contract with Customer, Liability, Revenue Recognized | $673M | $786M | -14.4% | $2.6B | $2B | +30.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | $133M | $202M | -34.2% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.24B | $676M | +83.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $1.59B | $1.19B | +33.6% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $211M | $309M | -31.7% |
| Debt Securities, Available-for-sale | $9.95B | $11.7B | -14.8% | $10.8B | $8.98B | +20.8% |
| Debt Securities, Available-for-sale, Current | $4.61B | $6.79B | -32.1% | $6.72B | $7.27B | -7.4% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $3.5B | $4.99B | -29.8% | $4.98B | $5.39B | -7.6% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $6.44B | $6.68B | -3.6% | $5.86B | $3.59B | +63.3% |
| Debt Securities, Available-for-sale, Unrealized Gain (Loss) | – | – | – | $86M2024-12-31 | $196M | -56.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$789M | $891M | -188.6% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$283M | $376M | -175.3% |
| Deferred Income Tax Assets, Net | $22.1B | $21.7B | +2.2% | $23B | $21.3B | +8.0% |
| Deferred Income Tax Expense (Benefit) | $642M | -$78M | +923.1% | -$1.25B | $1.37B | -191.3% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$177M | $101M | -275.2% |
| Deferred Tax Assets, Deferred Income | $2.16B2025-12-31 | $1.57B | +38.1% | $2.16B | $1.57B | +38.1% |
| Deferred Tax Assets, Gross | $34.9B2025-12-31 | $32.9B | +6.2% | $34.9B | $32.9B | +6.2% |
| Deferred Tax Assets, Net | $22.4B2025-12-31 | $20.6B | +8.5% | $22.4B | $20.6B | +8.5% |
| Deferred Tax Assets, Net of Valuation Allowance | $28.1B2025-12-31 | $26.4B | +6.6% | $28.1B | $26.4B | +6.6% |
| Deferred Tax Assets, Other | $3.43B2025-12-31 | $2.74B | +25.3% | $3.43B | $2.74B | +25.3% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Pensions | $989M2025-12-31 | $1.42B | -30.4% | $989M | $1.42B | -30.4% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits | $1.06B2025-12-31 | $1.02B | +3.7% | $1.06B | $1.02B | +3.7% |
| Deferred Tax Assets, Valuation Allowance | $6.84B2025-12-31 | $6.53B | +4.8% | $6.84B | $6.53B | +4.8% |
| Deferred Tax Liabilities, Intangible Assets | $631M2025-12-31 | $635M | -0.6% | $631M | $635M | -0.6% |
| Deferred Tax Liabilities, Net | $5.72B2025-12-31 | $5.75B | -0.5% | $5.72B | $5.75B | -0.5% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $5.09B2025-12-31 | $5.11B | -0.5% | $5.09B | $5.11B | -0.5% |
| Defined Contribution Plan, Employer Discretionary Contribution Amount | – | – | – | $915M | $908M | +0.8% |
| Depreciation | $1.2B | $1.2B | 0.0% | $4.9B | $4.8B | +2.1% |
| Depreciation, Depletion and Amortization | $2.94B | $3.07B | -4.3% | $12B | $11.5B | +4.6% |
| Dividends | $200M | $200M | 0.0% | $926M | $395M | +134.4% |
| Dividends, Common Stock, Cash | $156M | $141M | +10.6% | $538M | $530M | +1.5% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01