Stock Analysis on Net
Stock Analysis on Net

General Motors Co. (NYSE:GM)

$24.99

Return on Assets (ROA)
since 2010

Microsoft Excel

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Calculation

General Motors Co., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net income (loss) attributable to stockholders1 ÷ Total assets1
Dec 31, 2025 = 100 × ÷
Dec 31, 2024 = 100 × ÷
Dec 31, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷

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 return on assets (ROA) exhibited considerable fluctuation over the observed period. Initially, the ROA demonstrated an upward trajectory, followed by periods of decline and subsequent recovery. A detailed examination reveals distinct phases in the company’s profitability relative to its asset base.

Initial Growth & Post-Crisis Recovery (2010-2011)
From 2010 to 2011, the ROA increased from 4.44% to 6.36%. This improvement coincided with a rise in net income attributable to stockholders, indicating enhanced profitability. The increase suggests effective asset utilization and improved operational efficiency during this period.
Moderation and Decline (2012-2014)
Following the peak in 2011, the ROA experienced a decline, decreasing to 4.14% in 2012, 3.21% in 2013, and further to 2.22% in 2014. While net income remained positive, the rate of increase slowed, and total assets continued to grow, resulting in a lower return relative to the asset base. This suggests potential inefficiencies in asset deployment or increased investment in less profitable assets.
Recovery and Stabilization (2015-2017)
The ROA rebounded in 2015, reaching 4.98%, driven by a significant increase in net income. This upward trend continued into 2016 with a ROA of 4.25%. However, 2017 saw a substantial negative swing, with the ROA falling to -1.82% due to a considerable net loss. This indicates a period of significant financial challenge in that year.
Recent Performance (2018-2025)
The ROA recovered to 3.53% in 2018 and remained relatively stable, fluctuating between 2.73% and 4.09% from 2019 to 2021. In 2022 and 2023, the ROA held steady around 3.7%, indicating a period of consistent, albeit moderate, profitability. However, a noticeable decline is observed in the most recent years, with the ROA decreasing to 2.15% in 2024 and further to 0.96% in 2025. This recent downward trend, coupled with decreasing net income, warrants further investigation to determine the underlying causes and potential implications for future performance.

Overall, the ROA demonstrates a cyclical pattern, influenced by fluctuations in net income and the scale of total assets. While periods of strong performance were observed, the recent decline suggests emerging challenges in maintaining profitability relative to the company’s asset base.

Comparison to Competitors

General Motors Co., ROA, long-term trends, comparison to competitors

Microsoft Excel
General Motors Co. Ford Motor Co. Tesla Inc.
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010

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).

Comparison to Sector (Automobiles & Components)

General Motors Co., ROA, long-term trends, comparison to sector (automobiles & components)

Microsoft Excel
General Motors Co. Automobiles & Components
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010

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).

Comparison to Industry (Consumer Discretionary)

General Motors Co., ROA, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel
General Motors Co. Consumer Discretionary
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010

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).