General Motors Company (GM)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	8,518,000	12,211,000	11,958,000	11,344,000	10,404,000	11,856,000	12,489,000	11,592,000	11,596,000	11,245,000	9,686,000	11,304,000	12,716,000	13,918,000	16,285,000	11,643,000	8,095,000	4,301,000	1,978,000	5,797,000
Revenue (ttm)	US$ in thousands	187,441,000	182,718,000	178,093,000	174,871,000	171,842,000	171,971,000	169,728,000	160,740,000	156,734,000	147,210,000	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
Pretax margin		4.54%	6.68%	6.71%	6.49%	6.05%	6.89%	7.36%	7.21%	7.40%	7.64%	7.33%	8.66%	10.01%	10.63%	11.66%	9.52%	6.61%	3.71%	1.71%	4.29%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $8,518,000K ÷ $187,441,000K
= 4.54%

General Motors Company's pre-tax margin has shown fluctuations over the period under review. It increased from 4.29% in March 2020 to 11.66% in June 2021, reflecting a significant improvement in profitability. Subsequently, there was a slight decline in the pre-tax margin to 6.05% by December 2023.

Overall, General Motors Company's pre-tax margin remained relatively stable in the range of 6% to 11% during the period, with the highest margin achieved in June 2021. The company experienced a slight decrease in pre-tax margin towards the end of the period to 4.54% in December 2024. This could indicate potential challenges in maintaining profitability or increased costs impacting the company's earnings.