General Motors Company (GM)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,008,000 | 10,022,000 | 9,934,000 | 10,019,000 | 6,427,000 |
| Revenue | US$ in thousands | 187,442,000 | 171,842,000 | 156,735,000 | 127,004,000 | 122,485,000 |
| Net profit margin | 3.21% | 5.83% | 6.34% | 7.89% | 5.25% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $6,008,000K ÷ $187,442,000K
= 3.21%
General Motors Company's net profit margin has shown fluctuations over the past five years. In December 2020, the net profit margin was 5.25%, which increased to 7.89% by December 2021, indicating an improvement in profitability. However, in December 2022, the net profit margin decreased to 6.34% before further declining to 5.83% by December 2023. The trend of declining profitability continued in December 2024, as the net profit margin dropped to 3.21%.
The varying net profit margins suggest that General Motors Company experienced changes in its ability to convert sales into profits over the years. It is important for the company to analyze the underlying factors driving these fluctuations and implement strategies to sustain or enhance profitability in the future.
Peer comparison
Dec 31, 2024