General Motors Company (GM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 23,405,000 | 30,512,000 | 20,981,000 | 17,878,000 | 13,672,000 |
| Revenue | US$ in thousands | 187,442,000 | 171,842,000 | 156,735,000 | 127,004,000 | 122,485,000 |
| Gross profit margin | 12.49% | 17.76% | 13.39% | 14.08% | 11.16% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $23,405,000K ÷ $187,442,000K
= 12.49%
General Motors Company's gross profit margin has shown fluctuations over the five-year period from December 31, 2020, to December 31, 2024. The margin increased from 11.16% in 2020 to 17.76% in 2023, indicating an improvement in the company's ability to generate profit from its revenue after deducting the cost of goods sold. However, there was a slight decline in the margin to 12.49% in 2024.
Overall, the trend suggests that General Motors Company has been able to effectively manage its production costs and pricing strategies to enhance its gross profit margin over the years, with a notable peak in 2023. It is essential for the company to continue monitoring and optimizing its cost structure and pricing mechanisms to sustain and potentially improve its gross profit margin in the future.
Peer comparison
Dec 31, 2024