What this score covers. It is a fixed screen of five reported ratios with no valuation input, so a company can score highly while its valuation risk remains elevated. The full report scores valuation separately, as one of nine scored sections. How the score is calculated
General Motors Company (GM) is a Consumer Cyclical company in the Auto Manufacturers industry. It has a 52/100 Hold score on our five-factor fundamentals screen. Areas to watch: Debt/Equity (2.02). The score is a five-factor screen — revenue growth, gross margin, net margin, return on equity and debt-to-equity — each scored against fixed thresholds from a neutral starting point of 50 points. The full report scores nine sections, including moat, free cash flow, dilution and valuation, which this screen does not.
This page score and the strengths and concerns above are produced by deterministic, rule-based calculations from the available third-party financial inputs documented below. AI does not choose the score, strengths, or concerns. Data and automated summaries can contain errors. This is not personalized investment advice. See our methodology and disclaimer.
Historical filing-based context — Quarter ended June 30, 2026 (Q2 2026), compared with the quarter ended June 30, 2025 (Q2 2025). This editorial context is separate from the live provider-based score above. This is dated filing-based context, not a live business update.
General Motors' Form 10-Q for the quarter ended June 30, 2026 reports GAAP revenue of $48,026 million, up from $47,122 million, and net income attributable to stockholders of $1,305 million, down from $1,895 million. EBIT-adjusted, GM's non-GAAP measure, rose to $3,943 million from $3,037 million. The two measures moved in opposite directions mainly because GM excluded $2,456 million of adjustments from EBIT-adjusted, of which $2,279 million were EV strategic realignment charges. Amounts are in USD millions unless stated.
GM reports three segments: GM North America (GMNA), GM International (GMI) and GM Financial. Vehicles are developed, manufactured or marketed under the Buick, Cadillac, Chevrolet and GMC brands, sold mainly through independently owned retail dealers and distributors, and also to fleet customers such as daily rental companies, commercial fleets, leasing companies and governments. GM Financial provides automotive financing. Automotive revenue was 43,762 and GM Financial revenue was 4,264 in Q2 2026. Source: 10-Q: Note 18 – Segment Reporting; 10-Q: Condensed Consolidated Income Statements
Vehicle sales of GM's China joint ventures are not recorded in revenue. Their results are recorded as equity income, which is included in EBIT-adjusted. The release shows China equity income of 83 against 71. The 10-Q reports joint venture wholesale sales of 437 thousand vehicles against 521 thousand and joint venture net income of 252 against 127. Source: 10-Q: Item 2 MD&A – GM International; 8-K Ex. 99.1: Results Overview
Fleet sales were 318 thousand vehicles, 22.3% of total vehicle sales, against 274 thousand and 17.8%. The 10-Q says certain fleet transactions, particularly sales to daily rental car companies, are generally less profitable than retail sales to end customers. Source: 10-Q: Item 2 MD&A – Vehicle Sales
GM manages its automotive segments on EBIT-adjusted and GM Financial on EBT-adjusted. Both are non-GAAP measures that exclude items GM considers unusual, which is why this page shows them beside, not instead of, GAAP results. Source: 10-Q: Note 18 – Segment Reporting; 10-Q: Item 2 MD&A – Non-GAAP Measures
Each figure shows its period, unit and accounting basis. Changes are calculated by StrongBuyAnalytics from the rounded figures shown, so they can differ slightly from percentages a company reports. “pp” means percentage points; “n/m” means not meaningful because a value is zero or negative.
Revenue by segment
GAAP, USD millions. Q2 2026 = three months ended June 30, 2026; Q2 2025 = three months ended June 30, 2025. Segment figures are from the segment note; Corporate and eliminations reconcile to consolidated revenue.
| Measure | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| GM North America GAAP | $39,912 million | $39,486 million | +1.1% |
| GM International GAAP | $3,691 million | $3,326 million | +11.0% |
| GM Financial GAAP | $4,267 million | $4,255 million | +0.3% |
| Corporate GAAP | $159 million | $57 million | +178.9% |
| Eliminations GAAP | −$3 million | −$2 million | n/m |
| Total net sales and revenue GAAP | $48,026 million | $47,122 million | +1.9% |
Source: 10-Q: Note 18 – Segment Reporting; 10-Q: Condensed Consolidated Income Statements
Net income and per-share results
USD millions except per-share amounts. Q2 2026 = three months ended June 30, 2026; Q2 2025 = three months ended June 30, 2025. GAAP rows come from the 10-Q. The adjusted row is a GM-defined non-GAAP measure from the results release.
| Measure | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Net income attributable to stockholders GAAP | $1,305 million | $1,895 million | −31.1% |
| Diluted earnings per share (EPS-diluted) GAAP | $1.41 | $1.91 | −26.2% |
| EPS-diluted-adjusted Non-GAAP (GM-defined) | $3.57 | $2.53 | +41.1% |
Source: 10-Q: Condensed Consolidated Income Statements; 8-K Ex. 99.1: Results Overview
From net income to EBIT-adjusted
USD millions. Q2 2026 = three months ended June 30, 2026; Q2 2025 = three months ended June 30, 2025. GM's reconciliation, as shown in its results release. EBIT-adjusted is GM's non-GAAP measure and excludes the adjustments listed. Interest income is shown as a negative reconciling item. Other adjustments in Q2 2025 were separation costs (87), Cruise restructuring (65), GM International exit costs (33) and headquarters relocation (8); there were none in Q2 2026.
| Measure | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Net income attributable to stockholders GAAP | $1,305 million | $1,895 million | −31.1% |
| Income tax expense GAAP | $214 million | $481 million | −55.5% |
| Automotive interest expense Automotive sector (as reported) | $151 million | $198 million | −23.7% |
| Automotive interest income Automotive sector (as reported) | −$183 million | −$200 million | n/m |
| Adjustment: EV strategic realignment Non-GAAP (GM-defined) | $2,279 million | $330 million | +590.6% |
| Adjustment: China restructuring actions Non-GAAP (GM-defined) | $177 million | $140 million | +26.4% |
| Adjustment: other items Non-GAAP (GM-defined); sum of the items in the note | $0 million | $193 million | n/m |
| Total adjustments Non-GAAP (GM-defined) | $2,456 million | $663 million | +270.4% |
| EBIT-adjusted Non-GAAP (GM-defined) | $3,943 million | $3,037 million | +29.8% |
Source: 8-K Ex. 99.1: Net income (loss) attributable to stockholders to EBIT-adjusted and segment profit (loss); 10-Q: Item 2 MD&A – Non-GAAP Measures
EBIT-adjusted by segment
USD millions and percent. Q2 2026 = three months ended June 30, 2026; Q2 2025 = three months ended June 30, 2025. GM measures its automotive segments on EBIT-adjusted and GM Financial on EBT-adjusted (earnings before income taxes, adjusted). Margins are as reported by GM. The 10-Q's segment note shows the prior-year corporate line as (294) and the adjustments as (655); the results release shows (286) and (663). This page uses the release's reconciliation.
| Measure | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| GM North America Non-GAAP (GM-defined) | $3,446 million | $2,415 million | +42.7% |
| GM International Non-GAAP (GM-defined) | $190 million | $204 million | −6.9% |
| GM Financial (EBT-adjusted) Non-GAAP (GM-defined) | $605 million | $704 million | −14.1% |
| Corporate and eliminations Non-GAAP (GM-defined) | −$298 million | −$286 million | n/m |
| EBIT-adjusted Non-GAAP (GM-defined) | $3,943 million | $3,037 million | +29.8% |
| EBIT-adjusted margin Non-GAAP (GM-defined) | 8.2% | 6.4% | +1.8 pp |
| GM North America EBIT-adjusted margin Non-GAAP (GM-defined) | 8.6% | 6.1% | +2.5 pp |
Source: 8-K Ex. 99.1: Results Overview; 10-Q: Note 18 – Segment Reporting; 10-Q: Item 2 MD&A – GM North America
Vehicle volumes and market share
Thousands of vehicles and percent. Q2 2026 = three months ended June 30, 2026; Q2 2025 = three months ended June 30, 2025. Wholesale sales are sales to GM's dealers and distributors. Total vehicle sales and market share include fleet vehicles. Operating data are not financial statement amounts.
| Measure | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Wholesale: GM North America Operating data (as reported by GM) | 848 thousand | 849 thousand | −0.1% |
| Wholesale: GM International Operating data (as reported by GM) | 142 thousand | 125 thousand | +13.6% |
| Wholesale: total Operating data (as reported by GM) | 990 thousand | 974 thousand | +1.6% |
| U.S. total vehicle sales Operating data (as reported by GM) | 715 thousand | 747 thousand | −4.3% |
| U.S. market share Operating data (as reported by GM) | 16.6% | 17.4% | −0.8 pp |
| China market share, including joint ventures Operating data (as reported by GM) | 6.6% | 6.8% | −0.2 pp |
| Fleet sales, GM North America and GM International Operating data (as reported by GM) | 318 thousand | 274 thousand | +16.1% |
| Fleet sales as a share of total vehicle sales Operating data (as reported by GM) | 22.3% | 17.8% | +4.5 pp |
Source: 10-Q: Item 2 MD&A – Vehicle Sales; 8-K Ex. 99.1: Supplemental Material – Vehicle Sales
Revenue rose 1.9% to 48,026. GMNA revenue rose to 39,912 from 39,486. The 10-Q attributes this primarily to higher prices as a result of lean dealer inventory levels amid strong demand for GM's products and to higher revenue from software-enabled services and subscriptions, partly offset by unfavorable mix from fewer crossover vehicles, including EVs. GMNA wholesale volume was flat (848 thousand against 849 thousand). Source: 10-Q: Item 2 MD&A – GM North America
GMNA EBIT-adjusted rose 42.7% to 3,446. GM's variance table shows price +$0.6 billion, cost +$0.4 billion, mix +$0.2 billion, other -$0.2 billion and no volume effect. The 10-Q says cost benefited from lower net realizable value inventory adjustments, primarily EV-related ($0.5 billion), and lower warranty-related costs ($0.5 billion), partly offset by lower equity earnings from Ultium Cells Holdings LLC ($0.4 billion) and higher engineering costs ($0.2 billion). Source: 10-Q: Item 2 MD&A – GM North America
GMI revenue rose 11.0% to 3,691, but EBIT-adjusted fell to 190 from 204. The 10-Q attributes the decrease to unfavorable mix and to higher material and logistics costs in Brazil and Argentina, partly offset by higher volumes in Brazil, price and currency effects. Source: 10-Q: Item 2 MD&A – GM International
GM Financial EBT-adjusted fell to 605 from 704. The 10-Q attributes the decrease to higher operating expenses (growth in the insurance and vehicle protection businesses and related claims losses) and higher leased vehicle expenses (depreciation), each about $0.1 billion, partly offset by about $0.1 billion lower interest expense. Source: 10-Q: Item 2 MD&A – GM Financial
Net income attributable to stockholders fell 31.1% to 1,305 and diluted EPS to $1.41 from $1.91, while EBIT-adjusted rose 29.8%. The difference is mainly adjustments GM excludes from EBIT-adjusted: 2,456 in Q2 2026 (EV strategic realignment 2,279; China restructuring 177) against 663 in Q2 2025. Source: 8-K Ex. 99.1: Results Overview; 8-K Ex. 99.1: Net income (loss) attributable to stockholders to EBIT-adjusted and segment profit (loss)
EV strategic realignment. In Q2 2026 GM recorded additional net charges of $2.3 billion. In the six months ended June 30, 2026 the net charges were $3.4 billion, which the 10-Q describes as primarily $2.4 billion for ongoing commercial negotiations with its supply base and joint venture partners, $1.1 billion of losses on contractual supply agreements and $0.5 billion for compliance-related assets, net of $0.7 billion of recoveries under a cost sharing arrangement. GM incurred cash outflows of $4.1 billion related to these charges in the six months. The 10-Q says the compliance-related asset charge was due to the April 2026 repeal of the EPA's endangerment finding, that GM expects to recognize additional charges in 2026, and that it believes it has substantially completed recognizing material cash charges. Source: 10-Q: Note 15 – Restructuring and Other Initiatives; 10-Q: Item 2 MD&A – Liquidity and Capital Resources
GM's own 2026 guidance, in its July 21, 2026 results release (not a StrongBuyAnalytics forecast): EBIT-adjusted $14.0 billion to $16.0 billion (previously $13.5 billion to $15.5 billion); adjusted automotive free cash flow $9.5 billion to $11.5 billion (previously $9.0 billion to $11.0 billion); EPS-diluted-adjusted $12.00 to $14.00 (previously $11.50 to $13.50); net income attributable to stockholders $8.4 billion to $9.8 billion (previously $9.9 billion to $11.4 billion). GM says these figures do not include the potential impact of future adjustments for special items. Source: 8-K Ex. 99.1: Updated 2026 guidance; Guidance Reconciliations
Net automotive cash provided by operating activities was 5,071 against 4,653, and capital expenditures were 1,924 against 2,131. Adjusted automotive free cash flow rose to 5,033 from 2,827, but that measure adds back 1,871 of cash outflows tied to the EV strategic realignment (none in Q2 2025) and other items. Before add-backs, operating cash flow less capital expenditures was 3,147 against 2,522 (calculated by StrongBuyAnalytics). Source: 8-K Ex. 99.1: Adjusted automotive free cash flow; 10-Q: Item 2 MD&A – Non-GAAP Measures
GM states three capital allocation objectives: grow at an average target ROIC-adjusted rate of 20% or greater, maintain a strong investment-grade balance sheet including a target average automotive cash balance of $18.0 billion, and, once those are met, return available cash to stockholders. It expects capital spending and investments in its battery cell joint ventures of approximately $10.0 billion to $12.0 billion in 2026. Source: 10-Q: Item 2 MD&A – Liquidity and Capital Resources
Automotive cash, cash equivalents and marketable debt securities were $19.7 billion at June 30, 2026 against $21.7 billion at December 31, 2025. Total automotive available liquidity was $33.6 billion against $35.7 billion, including $13.9 billion available under credit facilities. Source: 10-Q: Item 2 MD&A – Liquidity and Capital Resources
In January 2026 GM's board raised its share repurchase capacity by $6.0 billion to an aggregate of $6.3 billion. In the six months ended June 30, 2026 GM repurchased 36 million shares for $2.8 billion, leaving $3.5 billion of capacity. It paid $0.3 billion of common dividends and raised the quarterly dividend by $0.03 to $0.18 per share. Source: 10-Q: Item 2 MD&A – Liquidity and Capital Resources
Automotive cash flow and free cash flow
USD millions and percent. Q2 2026 = three months ended June 30, 2026; Q2 2025 = three months ended June 30, 2025. Adjusted automotive free cash flow is GM's non-GAAP measure: automotive operating cash flow less capital expenditures, adjusted for items GM treats as management actions. Other items in Q2 2026 were legal matters (13) and GM International exit costs (2). In Q2 2025 they were Buick dealer strategy (305), separation costs (86), GM International exit costs (8) and China restructuring (9), less Ultium strategic realignment (103). Capital expenditures are shown as negative amounts. The calculated row is StrongBuyAnalytics' arithmetic on two reported lines. ROIC-adjusted covers the trailing four quarters ended on each date.
| Measure | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Net automotive cash provided by operating activities Automotive sector (as reported) | $5,071 million | $4,653 million | +9.0% |
| Capital expenditures Automotive sector (as reported) | −$1,924 million | −$2,131 million | n/m |
| Add back: EV strategic realignment Non-GAAP (GM-defined) | $1,871 million | $0 million | n/m |
| Add back: other items Non-GAAP (GM-defined) | $15 million | $305 million | −95.1% |
| Adjusted automotive free cash flow Non-GAAP (GM-defined) | $5,033 million | $2,827 million | +78.0% |
| Operating cash flow less capital expenditures, before add-backs Calculated by StrongBuyAnalytics | $3,147 million | $2,522 million | +24.8% |
| ROIC-adjusted (trailing four quarters) Non-GAAP (GM-defined) | 22.9% | 19.0% | +3.9 pp |
Source: 8-K Ex. 99.1: Adjusted automotive free cash flow; 8-K Ex. 99.1: ROIC-adjusted
Tariffs. The 10-Q says that on February 20, 2026 the U.S. Supreme Court concluded that the International Emergency Economic Powers Act did not authorize the imposition of tariffs, and that because GM believes previously paid amounts are refundable it recorded a net $0.5 billion favorable adjustment in the first quarter. Based on the current environment GM estimates tariff impacts on EBIT-adjusted could range from $2.5 billion to $3.5 billion for 2026, and may change if tariffs change. Source: 10-Q: Item 2 MD&A – Overview
EV demand and emissions rules. GM recorded $7.9 billion of EV strategic realignment charges in GMNA in 2025 and a further $3.4 billion net in the first half of 2026. The 10-Q says that, based on its current and forecasted sales mix, GM has and expects to keep having shortfalls against current U.S. emissions regulations. It recorded compliance-related costs of $0.5 billion in Q2 2026 against $0.2 billion, says shortfalls could lead to legal or regulatory proceedings, recalls, fines or restricted product offerings, and says additional compliance costs, including potential fines and penalties, are not reasonably estimable. The carrying amount of its compliance-related assets was $0.7 billion at June 30, 2026. Source: 10-Q: Note 13 – Commitments, Contingencies, and Uncertainties; 10-Q: Note 15 – Restructuring and Other Initiatives
Litigation. GM had accruals of $1.5 billion for legal actions at both June 30, 2026 and December 31, 2025. The 10-Q describes consumer lawsuits in Germany, the United Kingdom, Austria and the Netherlands over emissions of Opel and Vauxhall vehicles sold before GM's 2017 sale of that business to Stellantis, for which GM has indemnified Stellantis in some respects. It also describes emissions class actions over Duramax diesel pickups, a certified class action over 8-speed transmissions, an NHTSA proceeding and class actions over ARC airbag inflators, and consolidated privacy litigation over its former OnStar Smart Driver product. For the privacy matters, GM says it reached final settlements and agreed consent orders with the FTC and California regulators during the six months. For several of these matters GM says it cannot estimate the reasonably possible loss. Source: 10-Q: Note 13 – Commitments, Contingencies, and Uncertainties
China. The 10-Q says industry sales in China were 10.3 million units in the six months ended June 30, 2026, a decrease of 16.6%, and that GM's China market share was 6.8% for the six months (6.6% in Q2 2026 against 6.8% in Q2 2025). GM says it continues to focus on making its products more competitive in China and on executing restructuring plans, and that additional restructuring charges may be incurred. Source: 10-Q: Item 2 MD&A – Overview; 10-Q: Item 2 MD&A – Vehicle Sales
Every figure above comes from the documents below, filed with the U.S. Securities and Exchange Commission (SEC). Accession numbers identify each filing.
0001467858-26-000051.
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Filing index
0001467858-26-000049.
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Filing index
Later filings, listed by identifier only. These were filed after the documents above and are not summarized on this page.
0001193125-26-344698.
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Filings this page did not read. They exist, but their text was not used for the analysis above.
0001467858-26-000013.
Filing index
The calculation starts at 50 points and applies the five fixed adjustments shown below. Missing or invalid inputs contribute no adjustment. A finite provider-reported zero is treated as a measured value and evaluated against that input's displayed threshold. The pre-clamp result is 52; the published result is clamped to a minimum of 10 and maximum of 98, producing 52/100.
| Input | Displayed value | Threshold applied | Adjustment | Data status |
|---|---|---|---|---|
| Revenue Growth | 1.9% | > 0% to 10% | +4 | Available |
| Gross Margin | 10.2% | 35% or lower | +2 | Available |
| Net Margin | 1.1% | > 0% to 10% | +2 | Available |
| Return on Equity | 3.2% | > 0% to 12% | +2 | Available |
| Debt/Equity | 2.02 | 1.00 or higher | -8 | Available |
80 or higher: Strong Buy; 65–79: Buy; 50–64: Hold; below 50: Caution.
These are fixed names for score ranges. The score is not a success probability, recommendation, or forecast, and 80/100 does not mean an 80% chance of a gain.
This page was generated . The provider identifies the latest underlying financial period as June 30, 2026. The displayed market quote is dated October 05, 2026. Generation time is not the same as the date of the underlying filing or market observation.
Financial inputs may be delayed, restated, differently standardized by the data provider, or unavailable. Missing, invalid, or non-finite values receive no positive or negative adjustment rather than being estimated. A finite provider-reported zero is retained and evaluated against that metric's displayed threshold; it is not treated as missing. This can make a sparse-data score less informative. The screen does not capture every business, market, valuation, or portfolio risk, and investors can lose money.
Review filings at SEC EDGAR and read our data sources, score guide, methodology, AI disclosure, and corrections policy.
The 52/100 on this page comes from a fixed screen of 5 ratios. The downloadable report is a separate analysis with its own score, built from 9 weighted sections.
Each factor is scored against fixed thresholds from a starting point of 50 points. No factor prices the stock, so valuation is not part of the 52/100.
When the inputs allow, the report also shows a fair-value estimate with its discounted cash flow (DCF) assumptions and a 3×3 sensitivity table, a confidence figure, and the data limitations that reduced that confidence. Its headline label can add a valuation-risk flag next to the fundamental-quality rating.
4 data points drawn from analyst targets, consensus estimates, and ownership data. These are supplementary observations, not event predictions or causal explanations:
Compared against other Auto Manufacturers companies we cover, picked for having a similar market capitalisation to GM.
Comparison context only: this peer set is selected statically from our covered companies using industry and company-size context. Peer data and peer selection do not change the GM page score.
4 measurable indicators visible in General Motors Company's reported numbers. These are market and valuation risk metrics — not a comprehensive list of business risks, which would require qualitative analysis beyond this data:
General Motors Company's liquidity and cash generation as of the most recent filing — note the cash position of $24.72B against $128.77B of debt:
These are provider-normalized figures and may differ from the issuer's as-filed presentation, units, or latest amendment. Use source filings for verification.
Institutional investment managers with >$100 M in qualifying assets must disclose their equity positions quarterly on SEC Form 13F — typically within 45 days of quarter-end. Search those filings below to see which hedge funds, mutual funds, and asset managers reported GM as a holding, how many shares they held, and how positions changed quarter over quarter.
GM rates 52/100 on our five-factor fundamentals screen, which puts it in the "Hold" band. The band name describes a fixed range in this model; it is not a recommendation or prediction. The calculation above shows how each reported input affected the result.
General Motors Company clears some of our thresholds and misses others. Against that, debt/equity (2.02). A middling score means the fundamentals are genuinely ambiguous, not that we have hedged.
General Motors Company reported revenue growth of 1.9% year over year, against a Auto Manufacturers peer set where scale and pricing power vary widely. Growth that slow contributes little to the score on its own; margins and capital efficiency carry more weight for GM.
Earnings fell -26.2% over the same period, trailing revenue, which points to cost or margin pressure.
Track upcoming report dates on our earnings calendar.
This is a review of reported fundamentals, not a price target or an estimate of future returns. These are the current figures that may be useful to monitor as new filings become available.
Mixed current reading: Revenue growth of 1.9% sits alongside debt/equity (2.02). Watch whether those reported inputs move across the disclosed thresholds.
These are the figures working against GM in the same model:
See how the metrics on this GM page — quality score, valuation, DCF scenarios, confidence labels, and data limitations — are organized in the downloadable research report.
Generate My Free GM ReportGuides to the specific measures used in this GM analysis:
How the financial statements behind this page fit together.
Understanding P/E RatioWhat GM's 36.0x multiple does and does not tell you.
Return on Equity (ROE)Why GM's 3.2% return on equity matters for stock selection.
Stock Valuation MethodsHow DCF, multiples and asset-based approaches value a company like General Motors Company.
DCF Assumptions and LimitationsWhat a discounted cash flow estimate for GM depends on, and where it breaks down.
How to Read an AI Stock ReportWhat each section of a GM report is for, and what it leaves out.
How to Read Earnings ReportsWhere the GM growth and margin figures on this page come from.
What Are Demand Zones?The technical side we deliberately keep out of the GM score.
Latest SEC filings for GM explained in plain English — insider buys/sells (Form 4), proposed sales (Form 144), material events (8-K), and quarterly & annual reports.