GMGeneral Motors
Is the business good?
The checks split: earnings fully cash-backed (6.0×), but margins compressing and returns that lean on debt.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 4% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is GM?
General Motors keeps 2.3% of every revenue dollar as operating profit, against −3.6% for the median Auto Manufacturers name.
Operating margin · Auto Manufacturers median −3.6% · 12 months to Q3 2026
- Cash conversion
- 5.96×
Cash conversion · 4.56× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −8.0%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 5.4% |
| FY2021 | 7.3% |
| FY2022 | 6.6% |
| FY2023 | 5.4% |
| FY2024 | 6.8% |
| FY2025 | 1.6% |
Details›
- Operating margin12 months to Q3 2026
- 2.3%
- Net margin12 months to Q3 2026
- 2.1%
- Free cash flow margin
- 7.7%
- Revenue, trailing twelve months
- $187.0B
- Free cash flow, trailing twelve months
- $14.4B
- Net income, trailing twelve months
- $3.96B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from GM and who it buys from, as the companies report it.
None disclosed.
- DCHDauch Corporation44%
GM is 44% of its revenue · FY2025 10-K
- ULHUniversal Logistics Holdings, Inc.25%
GM is 25% of its revenue · FY2025 10-K
- LEALear Corporation22%
GM is 22% of its revenue · FY2025 10-K
- PHINPHINIA Inc.18%
GM is 18% of its revenue · FY2025 10-K
- MGAMagna International Inc.16%
GM is 16% of its revenue · FY2025 40-F
- GNTXGentex Corporation10%
GM is 10% of its revenue · FY2025 10-K
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; GM’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported. A link without a share is named in one of the two companies’ annual reports, without a figure.
Auto Manufacturers
The closest names by size in the same industry