Operating Profit Margin
since 2010
Calculation
General Motors Co., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income (loss)1 | ÷ | Automotive net sales and revenue1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 1.73% | = | 100 | × | 2,909) | ÷ | 167,971) |
| Dec 31, 2024 | 7.45% | = | 100 | × | 12,784) | ÷ | 171,606) |
| Dec 31, 2023 | 5.90% | = | 100 | × | 9,298) | ÷ | 157,658) |
| Dec 31, 2022 | 7.16% | = | 100 | × | 10,315) | ÷ | 143,975) |
| Dec 31, 2021 | 8.21% | = | 100 | × | 9,324) | ÷ | 113,590) |
| Dec 31, 2020 | 6.10% | = | 100 | × | 6,634) | ÷ | 108,673) |
| Dec 31, 2019 | 4.47% | = | 100 | × | 5,481) | ÷ | 122,697) |
| Dec 31, 2018 | 3.34% | = | 100 | × | 4,445) | ÷ | 133,045) |
| Dec 31, 2017 | 7.51% | = | 100 | × | 10,016) | ÷ | 133,449) |
| Dec 31, 2016 | 6.09% | = | 100 | × | 9,545) | ÷ | 156,849) |
| Dec 31, 2015 | 3.36% | = | 100 | × | 4,897) | ÷ | 145,922) |
| Dec 31, 2014 | 1.01% | = | 100 | × | 1,530) | ÷ | 151,092) |
| Dec 31, 2013 | 3.37% | = | 100 | × | 5,131) | ÷ | 152,092) |
| Dec 31, 2012 | -20.20% | = | 100 | × | (30,363) | ÷ | 150,295) |
| Dec 31, 2011 | 3.80% | = | 100 | × | 5,656) | ÷ | 148,866) |
| Dec 31, 2010 | 3.76% | = | 100 | × | 5,084) | ÷ | 135,311) |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
1 US$ in millions
The operating profit margin exhibited considerable fluctuation between 2010 and 2025. Initial years showed relative stability, followed by a significant downturn, and then a period of recovery and eventual decline.
- Initial Stability and Subsequent Decline (2010-2012)
- From 2010 to 2011, the operating profit margin remained relatively consistent, at 3.76% and 3.80% respectively. However, 2012 witnessed a dramatic decrease to -20.20%, indicating substantial operating losses during that period. This represents a significant shift in profitability.
- Recovery and Peak Performance (2013-2017)
- Following the loss in 2012, the operating profit margin began a recovery, reaching 3.37% in 2013. This upward trend continued through 2017, culminating in a peak of 7.51%. This period demonstrates successful efforts to restore profitability.
- Fluctuating Performance (2018-2023)
- The operating profit margin experienced fluctuations between 2018 and 2023. It decreased to 3.34% in 2018, then increased to 4.47% in 2019, 6.10% in 2020, and peaked at 8.21% in 2021. A slight decline was observed in 2022 (7.16%) and 2023 (5.90%), suggesting a potential stabilization after the strong performance in 2021.
- Recent Decline (2024-2025)
- The most recent period shows a substantial decrease in the operating profit margin. It rose to 7.45% in 2024, but fell sharply to 1.73% in 2025. This represents a significant reduction in profitability and warrants further investigation.
Overall, the operating profit margin demonstrates a cyclical pattern with periods of stability, significant loss, recovery, and recent decline. The volatility observed suggests sensitivity to external factors or internal operational changes.
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Comparison to Competitors
General Motors Co., operating profit margin, long-term trends, comparison to competitors
| General Motors Co. | Ford Motor Co. | Tesla Inc. | |
|---|---|---|---|
| Dec 31, 2025 | 1.73% | -5.27% | 4.59% |
| Dec 31, 2024 | 7.45% | 3.02% | 7.24% |
| Dec 31, 2023 | 5.90% | 3.29% | 9.19% |
| Dec 31, 2022 | 7.16% | 4.21% | 16.76% |
| Dec 31, 2021 | 8.21% | 3.59% | 12.12% |
| Dec 31, 2020 | 6.10% | -3.80% | 6.32% |
| Dec 31, 2019 | 4.47% | 0.40% | -0.28% |
| Dec 31, 2018 | 3.34% | 2.16% | -1.81% |
| Dec 31, 2017 | 7.51% | 0.00% | -13.88% |
| Dec 31, 2016 | 6.09% | 0.00% | -9.53% |
| Dec 31, 2015 | 3.36% | 0.00% | -17.71% |
| Dec 31, 2014 | 1.01% | 0.00% | -5.84% |
| Dec 31, 2013 | 3.37% | 0.00% | -3.04% |
| Dec 31, 2012 | -20.20% | 0.00% | -95.41% |
| Dec 31, 2011 | 3.80% | 0.00% | -123.13% |
| Dec 31, 2010 | 3.76% | 0.00% | -125.78% |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).