General Motors Company (GM)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	10,690,000	11,822,000	12,790,000	8,201,000	7,501,000
Revenue	US$ in thousands	171,842,000	156,735,000	127,004,000	122,485,000	137,237,000
Pretax margin		6.22%	7.54%	10.07%	6.70%	5.47%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $10,690,000K ÷ $171,842,000K
= 6.22%

The pretax margin of General Motors Company has experienced fluctuations over the past five years. It declined from 10.01% in 2021 to 6.61% in 2020, before increasing to 7.40% in 2022 and then dropping to 6.05% in 2023. This indicates that the company's pre-tax profitability has varied, potentially influenced by factors such as changes in sales, expenses, or other operating costs. The downward trend in 2023 suggests that General Motors may be facing challenges in maintaining its pre-tax profitability, and stakeholders may need to closely monitor the company's performance in this area.