General Motors Company (GM)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 10,126,000 | 10,024,000 | 10,265,000 | 9,391,000 | 9,935,000 | 9,677,000 | 8,792,000 | 9,936,000 | 10,019,000 | 11,124,000 | 12,749,000 | 9,155,000 | 6,427,000 | 3,387,000 | 1,693,000 | 4,869,000 | 6,732,000 | 8,970,000 | 9,153,000 | 9,125,000 |
| Revenue (ttm) | US$ in thousands | 171,841,000 | 171,970,000 | 169,728,000 | 160,741,000 | 156,735,000 | 147,211,000 | 132,101,000 | 130,509,000 | 127,004,000 | 130,938,000 | 139,639,000 | 122,250,000 | 122,485,000 | 115,793,000 | 115,786,000 | 135,068,000 | 137,237,000 | 144,810,000 | 145,128,000 | 145,828,000 |
| Net profit margin | 5.89% | 5.83% | 6.05% | 5.84% | 6.34% | 6.57% | 6.66% | 7.61% | 7.89% | 8.50% | 9.13% | 7.49% | 5.25% | 2.93% | 1.46% | 3.60% | 4.91% | 6.19% | 6.31% | 6.26% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $10,126,000K ÷ $171,841,000K
= 5.89%
General Motors Company's net profit margin has shown relatively stable performance over the past eight quarters. The net profit margin measures the percentage of revenue that remains as net income after all expenses have been deducted.
In the most recent quarter of Dec 31, 2023, the net profit margin was 5.83%, slightly higher than the previous quarter's figure of 5.77%. This indicates that the company was able to improve its efficiency in controlling costs and expenses, resulting in a slightly higher percentage of net income relative to its revenue.
However, it is worth noting that the net profit margin has fluctuated within a relatively narrow range over the period, with the lowest figure of 5.69% in Dec 31, 2022, and the highest figure of 6.74% in Mar 31, 2022. This implies that General Motors has been able to maintain a consistent level of profitability in relation to its revenue, despite economic fluctuations or changes in business operations.
Overall, the stability of General Motors' net profit margin suggests that the company has effectively managed its costs and expenses while generating a consistent level of net income in relation to its revenue.
Peer comparison
Dec 31, 2023