What is the primary revenue source for General Motors (GM)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze GM's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out General Motors's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How General Motors Makes Money: GM Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Watch

Revenue grew while operating profit fell, so growth did not translate into better earnings.

The largest revenue segment accounts for 86.22% of revenue, indicating concentration.

Operating margin declined by 1.23 percentage points year over year.

Revenue: USD 91.65B
Largest revenue segment share (Vehicles and Parts): 86.22%
Cost of revenue: USD 75.72B
Selling, general and administrative: USD 4.27B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueNet sales and revenue · Revenues
Cost of revenueAutomotive and other cost of sales · CostOfGoodsAndServicesSold
Selling, general and administrativeAutomotive and other selling, general, and administrative expense · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Vehicles and Parts)Vehicles and Parts · segment_value / revenue * 100
Operating marginOperating income (loss) · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Steady

The company has a net cash position and relies primarily on its own capital.

Cash and cash equivalents: USD 20.13B
Accounts receivable: USD 16.77B
Inventory: USD 15.95B
Total liabilities: USD 219.10B
Shareholder equity: USD 63.64B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityTotal equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
InventoryInventories (note 5) · InventoryNet
Accounts receivableAccounts and notes receivable, net of allowance of $283 and $244 · AccountsReceivableNetCurrent
Cash and cash equivalentsCash and cash equivalents (note 3) · CashAndCashEquivalentsAtCarryingValue

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 236.57% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 3.93B
Operating cash flow: USD 9.30B
Cash conversion: 236.57%
Free cash flow: USD 5.85B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income (loss) attributable to stockholders · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 831.00M
Share repurchases: USD 2.80B
Net shareholder return: USD 3.63B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of dividends · PaymentsOfDividends · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?