GM
General Motors Company
GM's fundamentals are mixed, but it looks expensive: trading at 19x earnings, more than twice its usual 6.9x. Analysts expect earnings growth, though they disagree widely on how much.
GM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Strong |
GM's balance sheet is currently strong, and its revenue, profitability and cash flow are stable.
GM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.4x | $25.04 | -71% |
| Forward | 6.1x | $86.25 | — |
| Fair | 6.8x | $31.54 | -63% |
| Expensive | 19x | $86.43 | +0.2% |
| Current | 19x | $86.25 | — |
Historical ranges are pointers, not guarantees.
GM's PE is in its expensive range at 19x. If earnings grow as analysts expect, today's price would be 6.1x next year's earnings, in its fair range.
GM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect GM's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
GM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $14.15 | +206% |
| Q3 2026 | $4.62 | -11% |
| Q2 2026 | $2.24 | -66% |
| Q1 2026 | $2.74 | -62% |
| Q4 2025 | $3.27 | -49% |
| Q3 2025 | $5.19 | -45% |
| Q2 2025 | $6.52 | -27% |
| Q1 2025 | $7.16 | -13% |
| Q4 2024 | $6.37 | -13% |
GM's earnings per share have fallen from their peak: $4.62 over the past year, against $9.39 in late 2024.
GM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $50B | +2.9% |
| Q2 2026 | $48B | +1.9% |
| Q1 2026 | $43.6B | -0.9% |
| Q4 2025 | $45.3B | -5.1% |
| Q3 2025 | $48.6B | -0.3% |
| Q2 2025 | $47.1B | -1.8% |
| Q1 2025 | $44B | +2.3% |
| Q4 2024 | $47.7B | +11% |
GM's revenue grew through 2024 and has held roughly level since: $50B last quarter, up 2.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.2% | +5 points |
| Q2 2026 | 3% | -1.5 points |
| Q1 2026 | 6.7% | -0.9 points |
| Q4 2025 | -8.1% | -11 points |
| Q3 2025 | 2.2% | -5.3 points |
| Q2 2025 | 4.5% | -3.6 points |
| Q1 2025 | 7.6% | -1.1 points |
| Q4 2024 | 3.2% | +1 points |
GM's operating margin was 7.2% last quarter, up 5 points from the same quarter a year ago.
GM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5B | -0.1% |
| Q2 2026 | $4.4B | -7.5% |
| Q1 2026 | $1.4B | -66% |
| Q4 2025 | $3.6B | +294% |
| Q3 2025 | $5B | +7.7% |
| Q2 2025 | $4.8B | +40% |
| Q1 2025 | $4.2B | +1050% |
| Q4 2024 | $907M | +$956M |
GM still generates free cash flow, though less than at its 2020 peak: $14.4B over the past year.
GM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.5% | -23M shares |
| 1 year | -8% | -77M shares |
| 3 years | -36% | -491M shares |
| 5 years | -40% | -580M shares |
| Available history | -38% | -552M shares |
GM has 887M diluted shares, down 8% from a year ago, with $7.8B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.5B |
| Q2 2026 | $2B |
| Q1 2026 | $800M |
| Q4 2025 | $2.5B |
| Q3 2025 | $1.5B |
| Q2 2025 | — |
| Q1 2025 | $2B |
| Q4 2024 | $4.7B |
GM spent $7.8B buying back its own shares over the past year, down 4.8% from the year before.
GM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.4x | Net Cash |
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -1.4x | Net Cash |
| Q4 2025 | -1.4x | Net Cash |
| Q3 2025 | -1.2x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -0.9x | Net Cash |
| Q4 2024 | -0.8x | Net Cash |
GM has more cash than debt.
GM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.1 | Neutral |
| Stochastic | 65.3 | Neutral |
GM's weekly RSI is 55 (neutral) and its Stochastic is 65 (neutral).
GM PE vs Consumer Cyclical Sector
| Metric | GM | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 18x | 3.6% above |
| PE % | 83 | 47 | 36 pts above |
GM is trading at 19x earnings, in line with the Consumer Cyclical sector's median of 18x.
GM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $82.9 | 4% above |
| 20 week MA | $83.4 | 3.4% above |
| 50 week MA | $80.8 | 6.8% above |
| 100 week MA | $67.3 | 28% above |
| 200 week MA | $53.7 | 61% above |
GM is in an uptrend: it's above all five of its weekly moving averages, and 61% above its 200-week average.
GM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.6 | $41.6 | +14% |
| 2021 | $41.6 | $56.9 | +37% |
| 2022 | $56.9 | $33.8 | -41% |
| 2023 | $33.8 | $35.9 | +6.2% |
| 2024 | $35.9 | $54.3 | +51% |
| 2025 | $54.3 | $83.1 | +53% |
| 2026 YTD | $83.1 | $86.3 | +3.8% |
GM has finished higher in five of the last six years, two of them by more than 50%. It's up 3.8% so far in 2026.