“EBIT-adjusted (Most comparable GAAP measure: Net income attributable to stockholders) EBIT-adjusted is presented net of noncontrolling interests and is used by management and can be used by investors to review our consolidated operating results because it exc…”10-Q · Jul 21, 2026 ↗
General Motors Company
GM
Market read
General Motors Company's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 25 directly disclosed connections are confirming.
- Revenue decreased 1.3% versus the comparable filing period.
- Company reported a $0.3B increase in material and freight costs in the six months ended June 30, 2026.
Invalidation: The isolated read changes if GM's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 25 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
- Revenue decreased 1.3% versus the comparable filing period.
- Operating margin fell 1.0 percentage points.
- Company reported a $0.3B increase in material and freight costs in the six months ended June 30, 2026.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 9.96x in the latest annual period.
- Tariffs and trade policy has repeated favorable evidence across 3 filings.
- Latest annual revenue changed -2.1% year over year.
- Operating margin changed -5.7 percentage points in the latest annual period.
- Net margin changed -1.9 percentage points in the latest annual period.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 10, 2026
86.15Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“In the years ended December 31, 2025 and 2024, we announced various restructuring actions in GMI and recorded restructuring charges before noncontrolling interest of $ 170 million in 2024 primarily due to our decision to close our manufacturing operations in…”10-K · Jan 27, 2026 ↗
“Because we believe previously paid amounts regarding tariffs imposed under IEEPA are refundable, we recorded a net $0.5 billion favorable adjustment primarily due to previously charged IEEPA tariffs in the three months ended March 31, 2026.”10-Q · Jul 21, 2026 ↗
“Our financial performance in 2025 was driven by the strength of our vehicle portfolio, including high margin full-size pickup trucks and SUVs, strong consumer demand for our products, and the execution of our core business strategy.”10-K · Jan 27, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 12:50 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for GM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-28 against the comparable filing from 2025-05-01.
What improved
No thresholded improvement was identified.
What weakened
- Revenue decreased 1.3% versus the comparable filing period.
- Operating margin fell 1.0 percentage points.
Filing receipts
“GMI Total Net Sales and Revenue In the three months ended March 31, 2026, Total net sales a nd revenue increased primarily due to: (1) increased net wholesale volumes in Brazil primarily due to increased sales of passenger cars and crossover vehicles, partially offset by decreased wholesale volumes in the Middle East; and (2) favorable Price across multiple vehicle lines in Argentina and Brazil; partially offset by (3) unfavorable Mix primarily in Brazil.”
“GMI EBIT-Adjusted In the three months ended March 31, 2026, EBIT-adjusted increased primarily due to: (1) increased net wholesale volumes in Brazil; and (2) favorable Price; partially offset by (3) unfavorable Mix; and (4) unfavorable Cost primarily due to decreased parts and accessories sales in Africa, the Middle East, and Korea.”
“Automotive and Other Selling, General, and Administrative Expense Three Months Ended Favorable/ (Unfavorable) March 31, 2026 March 31, 2025 % Automotive and other selling, general, and administrative expense $ 2,069 $ 1,985 $ (84) (4.3) % Interest Income and Other Non-operating Income, net Three Months Ended Favorable/ (Unfavorable) March 31, 2026 March 31, 2025 % Interest income and other non-operating income, net $ 307 $ 310 $ (3) (1.0) % Income Tax Expense Three Months Ended Favorable/ (Unfavorable) March 31, 2026 March 31, 2025 % Income tax expense $ 642 $ 719 $ 76 10.6 % In the three months ended March 31, 2026, Income tax expense decreased primarily due to lower pre-tax income .”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind GM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
DCH44.0% of DCHcustomerFeb 13, 2026 ▾
“Major Customers We are a primary supplier of driveline components to General Motors Company (GM) for its full-size rear-wheel drive (RWD) light trucks, sport utility vehicles (SUV), and crossover vehicles manufactured in North America, supplying a significant…”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 24 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
GM is currently a Leader in the organic co-movement group Auto Manufacturers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for GM; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.