Analysis of Revenues
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Price to Operating Profit (P/OP) since 2010
- Price to Book Value (P/BV) since 2010
- Price to Sales (P/S) since 2010
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Revenues as Reported
General Motors Co., income statement, revenues
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Overall revenue trend
- The net sales and revenue figures show a consistent upward trajectory from 2020 to 2024, increasing from approximately $122.5 billion in 2020 to $187.4 billion in 2024. This represents a strong growth trend over the five-year period.
- Vehicle, parts and accessories
- Revenue from vehicle, parts, and accessories exhibits steady growth each year, rising from $103.3 billion in 2020 to $165.2 billion in 2024. The growth accelerates more noticeably between 2021 and 2022, suggesting increasing sales volume or pricing.
- Used vehicles
- Income from used vehicles shows some volatility. It started at $1.0 billion in 2020, declined in the subsequent two years reaching a low of $516 million in 2022, before rebounding in 2023 and 2024 to $991 million and $1.29 billion respectively. This pattern may reflect changing market conditions or inventory availability during those years.
- Services and other
- Revenue from services and other sources experiences gradual growth, increasing from $4.3 billion in 2020 to about $5.1 billion in 2023 and maintaining a similar level in 2024. The relatively stable growth suggests a steady contribution to overall revenue from these activities.
- Automotive net sales and revenue
- The automotive net sales and revenue component parallels the growth seen in vehicle sales, rising from $108.7 billion in 2020 to $171.6 billion in 2024. The substantial increase between 2021 and 2022 indicates a significant expansion in this segment.
- Leased vehicle income
- Leased vehicle income declines steadily from $9.5 billion in 2020 to $7.3 billion in 2024. The downward trend suggests a reduced reliance on or demand for leased vehicles over the period under review.
- Finance charge income
- Finance charge income increases consistently from about $4.0 billion in 2020 to $7.6 billion in 2024. This growth highlights an expanding role of financing activities, contributing a larger share to total revenue over time.
- Other income
- Other income shows considerable relative growth, from $287 million in 2020 to $903 million in 2024. Although smaller in absolute terms, this growth indicates diversified income streams outside the core automotive and financial services activities.
- GM Financial net sales and revenue
- GM Financial net sales and revenue fluctuate slightly, starting at $13.8 billion in 2020, dipping to $12.8 billion in 2022, before recovering to $15.8 billion in 2024. This pattern suggests some volatility in financial services but an overall positive trend toward the end of the period.