General Motors Company (GM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 10,127,000 | 9,934,000 | 10,019,000 | 6,427,000 | 6,732,000 |
| Revenue | US$ in thousands | 171,842,000 | 156,735,000 | 127,004,000 | 122,485,000 | 137,237,000 |
| Net profit margin | 5.89% | 6.34% | 7.89% | 5.25% | 4.91% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $10,127,000K ÷ $171,842,000K
= 5.89%
The net profit margin of General Motors Company has exhibited variability over the past five years. In 2023, the net profit margin stood at 5.83%, reflecting a slight increase from the previous year's figure of 5.69%. However, it is important to note that in 2021, the company achieved a higher net profit margin of 7.75%, indicating a peak in profitability during that period. On the other hand, the net profit margin in 2020 and 2019 was comparatively lower at 5.10% and 4.80% respectively. This trend suggests some level of fluctuation in the company's ability to convert sales into profits, which may be influenced by various internal and external factors affecting its financial performance.
Peer comparison
Dec 31, 2023