General Motors Co（GM）の決算・業績分析
General Motors Coの2025年有価証券報告書をAI分析。売上高$168.0B(-2.1%)。営業利益$2.9B。Consumer Discretionary。
目次
General Motors Coの2025年度 業績サマリー
General Motors Co（証券コード: GM）の2025年度決算・業績分析。売上高は$168.0B（前年比-2.1%）。営業利益は$2.9B（前年比-77.2%）。純利益は$2.7B（前年比-55.1%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
General Motors Coの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- GM achieved a 26.7% YoY revenue increase to $144.0B (XBRL), driven by strong automotive sales and software subscriptions.
- Operating income rose 10.6% YoY to $10.3B (XBRL), but net income declined slightly by 0.8% to $9.9B (XBRL).
- Free cash flow (FCF) reached $6.8B (XBRL), with $2.5B allocated to share repurchases and $397M in dividends (XBRL).
- The company maintained a 2-day cash conversion cycle (CCC) (XBRL), reflecting efficient working capital management.
General Motors Coの売上高変化の要因
- •Automotive revenue totaled $171.6B (10-K) with operating income of $12.8B, while GM Financial contributed $15.8B in revenue and $2.9B in operating income (10-K). Revenue grew 3.5% CAGR over 5 years (XBRL), with operating income growing at 15.9% CAGR (XBRL). The 2024 revenue of $144.0B (XBRL) reflects a 26.7% YoY increase, outpacing the 5-year average.
General Motors Coの営業利益変化の要因
- •Operating margin improved to 7.2% (XBRL), with net margin at 6.9% (XBRL). Operating income rose 10.6% YoY to $10.3B (XBRL), but net income declined 0.8% YoY to $9.9B (XBRL). EBITDA reached $21.6B (15.0% margin) (XBRL), indicating strong pre-interest and tax profitability.
General Motors Coの事業リスクと対応
Failure to innovate in response to competition and changing consumer preferences could harm business (10-K).
Difficulty attracting/retaining skilled tech talent critical to software/hardware development (10-K).
Inability to profitably launch new vehicles (including EVs) due to long development cycles and demand uncertainty (10-K).
Long-term EV strategy risks from production/sales challenges (10-K).
High fixed costs limit flexibility to adjust personnel costs with demand fluctuations (10-K).
Regulatory developments (e.g., tax credits, government policies) may impact EV demand and vehicle acceptance (10-K).
Competition from start-ups and tech companies disrupting traditional business models (10-K).
General Motors Coの事業内容
General Motors Co (GM) designs, builds, and sells vehicles (trucks, crossovers, cars) under brands like Buick, Cadillac, Chevrolet, GMC, and Baojun/Wuling, while also providing software-enabled services (e.g., OnStar, Super Cruise) and automotive financing via GM Financial (10-K). Key segments include GM North America (GMNA), GM International (GMI), Cruise (autonomous vehicle technology), and GM Financial. Competitive advantages include investments in EV propulsion (Ultium Cells), autonomous vehicle development, and partnerships with LG Energy Solution and Samsung SDI (10-K).
General Motors CoのAI業績分析レポート（2024年度）
General Motors Co (GM) FY2024 Annual Report Analysis
Highlights
Business Overview
GM designs, builds, and sells vehicles globally, with key segments including GMNA, GMI, Cruise, and GM Financial. Competitive advantages include EV technology (Ultium Cells), autonomous vehicle development (Cruise), and partnerships with LG Energy Solution and Samsung SDI (10-K). Revenue is generated through automotive sales, financing services, and software subscriptions (10-K).
Revenue Analysis
Automotive revenue totaled $171.6B (10-K) with operating income of $12.8B, while GM Financial contributed $15.8B in revenue and $2.9B in operating income (10-K). FY2024 revenue of $144.0B (XBRL) reflects a 26.7% YoY increase, with 5-year CAGR of 3.5% (XBRL).
Profitability Analysis
Operating margin improved to 7.2% (XBRL), with net margin at 6.9% (XBRL). Operating income rose 10.6% YoY to $10.3B (XBRL), but net income declined 0.8% YoY to $9.9B (XBRL). EBITDA reached $21.6B (15.0% margin) (XBRL).
Balance Sheet Analysis
Equity ratio: 24.4% (XBRL). Total equity: $64.3B (XBRL). D/E ratio: 3.19x (XBRL). Cash: $18.9B (XBRL). Total assets: $264.0B (XBRL).
Cash Flow Analysis
OCF: $16.0B (XBRL). CapEx: $9.2B (XBRL). FCF: $6.8B (XBRL). Dividends: $397M (XBRL). Share repurchases: $2.5B (XBRL). Investing CF: -$17.9B (XBRL).
Working Capital Analysis
CCC: 2 days (XBRL). Receivables days: 31. Inventory days: 42. Payables days: 71 (XBRL).
Risks
Outlook
N/A (no specific guidance provided in 10-K or XBRL data).
Consumer Discretionaryの企業一覧
General Motors Coと同じ「Consumer Discretionary」セクターの企業