General Motors Company (GM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 8,519,000 | 10,403,000 | 11,597,000 | 12,716,000 | 8,095,000 |
| Revenue | US$ in thousands | 187,442,000 | 171,842,000 | 156,735,000 | 127,004,000 | 122,485,000 |
| Pretax margin | 4.54% | 6.05% | 7.40% | 10.01% | 6.61% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $8,519,000K ÷ $187,442,000K
= 4.54%
General Motors Company's pretax margin has displayed fluctuations over the past five years. The pretax margin increased from 6.61% in 2020 to 10.01% in 2021, indicating improved profitability before accounting for taxes. However, in 2022, the pretax margin decreased to 7.40%, suggesting a slight decline in profitability. This trend continued in 2023 with a further decrease to 6.05%, highlighting potential challenges in maintaining profitability levels. The pretax margin decreased significantly to 4.54% in 2024, indicating a sharp decline in profitability compared to the previous year. Overall, General Motors Company's pretax margin has shown variability in recent years, reflecting fluctuations in the company's ability to generate profits before tax expenses.
Peer comparison
Dec 31, 2024