General Motors Company Revenue & Financials

General Motors' financial performance in fiscal year 2024 reflected the simultaneous pressures and strengths that define its transitional moment. The company reported total net revenue of approximately $187 billion, representing modest growth from the $171.8 billion reported in fiscal year 2023. Earnings before interest and taxes on an adjusted basis — the metric GM uses to measure operational performance — came in at approximately $14.9 billion for 2024, demonstrating the underlying profitability of the core truck and SUV business even as EV and Cruise-related losses weighed on reported net income. Net income attributable to stockholders was approximately $6 billion in fiscal year 2024, compared to $10 billion in 2023 — a decline driven primarily by Cruise restructuring charges of approximately $1.9 billion, the deteriorating performance of GM's China joint ventures, and elevated EV investment spending. Earnings per diluted share on an adjusted basis were approximately $10.00, providing the basis for continued share repurchase activity and dividend payments that management has used to signal confidence in the underlying cash generation capacity of the business. GM's balance sheet in 2024 reflected a company managing significant capital allocation demands: EV investment, Cruise rebuilding costs, UAW contract-related labor increases, and shareholder returns through buybacks and dividends. The company generated automotive free cash flow of approximately $9.8 billion in 2024 — a figure that underscores the cash generation power of the legacy truck franchise and provides the financial foundation for ongoing EV transition investment. Total liquidity, including cash and available credit facilities, exceeded $35 billion, giving GM meaningful runway to navigate short-term EV losses without threatening financial stability. GM Financial's earnings contribution, while subject to interest rate headwinds, remained a meaningful positive contributor to consolidated results.