General Motors Company

Name: General Motors Company financial statements and ratios
Creator: Annalist

GM · NYSE · Automotive, motor vehicles · United States · US GAAP · Fiscal year ends December

Latest report: Q3 FY2026, the quarter ended 30 September 2026, released 20 October 2026. Snapshot FY2026Q3_82b6240d.

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Overview

Revenue, quarter

+2.9% year on year

Operating income, quarter

+234% year on year

Net income, quarter

+151% year on year

Diluted EPS, quarter

+176% year on year

Operating margin, last 4 quarters

−2.0pp year on year

Return on equity, last 4 quarters

+1.7pp year on year

Select a figure to see the document it came from.

Key Findings

Findings for the latest quarter, with their history over earlier quarters.

Revenue for the quarter ended 30 September 2026 was US$50.0 billion, 2.9% higher than in the same quarter a year earlier.
Strengthenedin Q3 FY2026 · stated since Q2 FY20262.9% from 1.9% in Q2 FY2026
Rule: Revenue against a year earlier · Sources 10-Q 2026-09
History of this finding, 11 records
1. Q3 FY2026 StrengthenedRevenue for the quarter ended 30 September 2026 was US$50.0 billion, 2.9% higher than in the same quarter a year earlier.Recorded from FY2026Q3_82b6240d · data update
2. Q2 FY2026 NewRevenue for the quarter ended 30 June 2026 was US$48.0 billion, 1.9% higher than in the same quarter a year earlier.Reconstructed · data update
3. Q2 FY2026 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
4. Q1 FY2026 WeakenedRevenue for the quarter ended 31 March 2026 was US$43.6 billion, 0.9% lower than in the same quarter a year earlier.Reconstructed · data update
5. Q4 FY2025 StrengthenedRevenue for the quarter ended 31 December 2025 was US$45.3 billion, 5.1% lower than in the same quarter a year earlier.Reconstructed · data update
6. Q3 FY2025 WeakenedRevenue for the quarter ended 30 September 2025 was US$48.6 billion, 0.3% lower than in the same quarter a year earlier.Reconstructed · data update
7. Q2 FY2025 NewRevenue for the quarter ended 30 June 2025 was US$47.1 billion, 1.8% lower than in the same quarter a year earlier.Reconstructed · data update
8. Q2 FY2025 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
9. Q1 FY2025 WeakenedRevenue for the quarter ended 31 March 2025 was US$44.0 billion, 2.3% higher than in the same quarter a year earlier.Reconstructed · data update
10. Q4 FY2024 ConfirmedRevenue for the quarter ended 31 December 2024 was US$47.7 billion, 11.0% higher than in the same quarter a year earlier.Reconstructed · data update
11. Q3 FY2024 NewRevenue for the quarter ended 30 September 2024 was US$48.8 billion, 10.5% higher than in the same quarter a year earlier.Reconstructed · initial
Net income attributable to the company was US$3.3 billion, 151.3% higher than in the same quarter a year earlier.
Newin Q3 FY2026 · first stated
Rule: Net income against a year earlier · Sources 10-Q 2026-09
History of this finding, 14 records
1. Q3 FY2026 NewNet income attributable to the company was US$3.3 billion, 151.3% higher than in the same quarter a year earlier.Recorded from FY2026Q3_82b6240d · data update
2. Q3 FY2026 RetiredThe finding changed to higher than a year earlier.Recorded from FY2026Q3_82b6240d · data update
3. Q2 FY2026 StrengthenedNet income attributable to the company was US$1.3 billion, 31.1% lower than in the same quarter a year earlier.Reconstructed · data update
4. Q1 FY2026 NewNet income attributable to the company was US$2.6 billion, 5.6% lower than in the same quarter a year earlier.Reconstructed · data update
5. Q1 FY2026 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
6. Q4 FY2025 NewThe company reported a net loss of US$3.3 billion, against a net loss of US$3.0 billion in the same quarter a year earlier.Reconstructed · data update
7. Q4 FY2025 RetiredThe finding changed to a loss.Reconstructed · data update
8. Q3 FY2025 StrengthenedNet income attributable to the company was US$1.3 billion, 56.6% lower than in the same quarter a year earlier.Reconstructed · data update
9. Q2 FY2025 StrengthenedNet income attributable to the company was US$1.9 billion, 35.4% lower than in the same quarter a year earlier.Reconstructed · data update
10. Q1 FY2025 NewNet income attributable to the company was US$2.8 billion, 6.6% lower than in the same quarter a year earlier.Reconstructed · data update
11. Q1 FY2025 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
12. Q4 FY2024 NewThe company reported a net loss of US$3.0 billion, against net income of US$2.1 billion in the same quarter a year earlier.Reconstructed · data update
13. Q4 FY2024 RetiredThe finding changed to a loss.Reconstructed · data update
14. Q3 FY2024 NewNet income attributable to the company was US$3.1 billion, 0.3% lower than in the same quarter a year earlier.Reconstructed · initial
The operating margin over the last 4 quarters was 2.3%, 2.0 percentage points lower than a year earlier.
Weakenedin Q3 FY2026 · stated since Q2 FY2025
Rule: Operating margin against a year earlier · Sources 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03 and 2 more
History of this finding, 10 records
1. Q3 FY2026 WeakenedThe operating margin over the last 4 quarters was 2.3%, 2.0 percentage points lower than a year earlier.Recorded from FY2026Q3_82b6240d · data update
2. Q2 FY2026 WeakenedThe operating margin over the last 4 quarters was 1.0%, 4.7 percentage points lower than a year earlier.Reconstructed · data update
3. Q1 FY2026 ConfirmedThe operating margin over the last 4 quarters was 1.3%, 5.2 percentage points lower than a year earlier.Reconstructed · data update
4. Q4 FY2025 StrengthenedThe operating margin over the last 4 quarters was 1.6%, 5.2 percentage points lower than a year earlier.Reconstructed · data update
5. Q3 FY2025 StrengthenedThe operating margin over the last 4 quarters was 4.3%, 2.4 percentage points lower than a year earlier.Reconstructed · data update
6. Q2 FY2025 NewThe operating margin over the last 4 quarters was 5.7%, 0.8 percentage points lower than a year earlier.Reconstructed · data update
7. Q2 FY2025 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
8. Q1 FY2025 WeakenedThe operating margin over the last 4 quarters was 6.6%, 0.6 percentage points higher than a year earlier.Reconstructed · data update
9. Q4 FY2024 StrengthenedThe operating margin over the last 4 quarters was 6.8%, 1.4 percentage points higher than a year earlier.Reconstructed · data update
10. Q3 FY2024 NewThe operating margin over the last 4 quarters was 6.7%, 0.3 percentage points higher than a year earlier.Reconstructed · initial
Return on equity over the last 4 quarters was 6.1%, against 4.4% a year earlier.
Newin Q3 FY2026 · first stated
Rule: Return on equity against a year earlier · Sources 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12 and 3 more
History of this finding, 11 records
1. Q3 FY2026 NewReturn on equity over the last 4 quarters was 6.1%, against 4.4% a year earlier.Recorded from FY2026Q3_82b6240d · data update
2. Q3 FY2026 RetiredThe finding changed to higher than a year earlier.Recorded from FY2026Q3_82b6240d · data update
3. Q2 FY2026 WeakenedReturn on equity over the last 4 quarters was 3.0%, against 7.1% a year earlier.Reconstructed · data update
4. Q1 FY2026 ConfirmedReturn on equity over the last 4 quarters was 4.0%, against 8.9% a year earlier.Reconstructed · data update
5. Q4 FY2025 WeakenedReturn on equity over the last 4 quarters was 4.3%, against 9.4% a year earlier.Reconstructed · data update
6. Q3 FY2025 StrengthenedReturn on equity over the last 4 quarters was 4.4%, against 15.2% a year earlier.Reconstructed · data update
7. Q2 FY2025 StrengthenedReturn on equity over the last 4 quarters was 7.1%, against 15.8% a year earlier.Reconstructed · data update
8. Q1 FY2025 StrengthenedReturn on equity over the last 4 quarters was 8.9%, against 15.7% a year earlier.Reconstructed · data update
9. Q4 FY2024 NewReturn on equity over the last 4 quarters was 9.4%, against 15.3% a year earlier.Reconstructed · data update
10. Q4 FY2024 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
11. Q3 FY2024 NewReturn on equity over the last 4 quarters was 15.2%, against 14.3% a year earlier.Reconstructed · initial
Free cash flow over the last 4 quarters was US$14.4 billion, and operating cash flow was 5.9 times net income attributable to the company.
Interpretation. Operating cash flow paid for all capital expenditure, and the rest is free for dividends, share buybacks or debt repayment.
Confirmedin Q3 FY2026 · stated since Q3 FY2024
Rule: Free cash flow · Sources 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03 and 2 more
History of this finding, 9 records
1. Q3 FY2026 ConfirmedFree cash flow over the last 4 quarters was US$14.4 billion, and operating cash flow was 5.9 times net income attributable to the company.Recorded from FY2026Q3_82b6240d · data update
2. Q2 FY2026 ConfirmedFree cash flow over the last 4 quarters was US$14.4 billion, and operating cash flow was 11.9 times net income attributable to the company.Reconstructed · data update
3. Q1 FY2026 WeakenedFree cash flow over the last 4 quarters was US$14.8 billion, and operating cash flow was 9.4 times net income attributable to the company.Reconstructed · data update
4. Q4 FY2025 StrengthenedFree cash flow over the last 4 quarters was US$17.6 billion, and operating cash flow was 10.0 times net income attributable to the company.Reconstructed · data update
5. Q3 FY2025 ConfirmedFree cash flow over the last 4 quarters was US$14.9 billion, and operating cash flow was 8.0 times net income attributable to the company.Reconstructed · data update
6. Q2 FY2025 StrengthenedFree cash flow over the last 4 quarters was US$14.5 billion, and operating cash flow was 5.0 times net income attributable to the company.Reconstructed · data update
7. Q1 FY2025 StrengthenedFree cash flow over the last 4 quarters was US$13.2 billion, and operating cash flow was 4.0 times net income attributable to the company.Reconstructed · data update
8. Q4 FY2024 StrengthenedFree cash flow over the last 4 quarters was US$9.3 billion, and operating cash flow was 3.4 times net income attributable to the company.Reconstructed · data update
9. Q3 FY2024 NewFree cash flow over the last 4 quarters was US$8.3 billion, and operating cash flow was 1.8 times net income attributable to the company.Reconstructed · initial

Records before Q3 FY2026 are reconstructed from the latest snapshot. Ledger: findings.json.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents27 documents, latest Form 10-Q, period ended 30 September 2026List

DownloadsExcel workbook · JSON · Brief for AI

SnapshotFY2026Q3_82b6240d

Corporate Events

No corporate event found in the filings since 2020.

Earnings, Returns and Balance Sheet

Revenue

By quarter, US dollars

Operating Income

By quarter, US dollars

Net Income Attributable to the Company

By quarter, US dollars

Margins

Last 4 quarters at each quarter end, per cent

Returns

Last 4 quarters, per cent

Free Cash Flow

Operating cash flow less capital expenditure, by quarter, US dollars

Diluted Earnings per Share

By quarter, as reported

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a quarter derived from cumulative reports.

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Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

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Analysis

Credit update

Q3 FY2026

Form 10-Q, period ended 30 September 2026, filed 20 October 2026. Changes are against the previous report, and each figure shows its period.

5changes0thresholds crossed

Changes in This Report 5

StrengthenedRevenue Against a Year Earlier10-Q 2026-09
Revenue for the quarter ended 30 September 2026 was US$50.0 billion, 2.9% higher than in the same quarter a year earlier.
Earlier record, Q2 FY2026
Revenue for the quarter ended 30 June 2026 was US$48.0 billion, 1.9% higher than in the same quarter a year earlier.
NewNet Income Against a Year Earlier10-Q 2026-09
Net income attributable to the company was US$3.3 billion, 151.3% higher than in the same quarter a year earlier.
Earlier record, Q2 FY2026
Net income attributable to the company was US$1.3 billion, 31.1% lower than in the same quarter a year earlier.
WeakenedOperating Margin Against a Year Earlier10-Q 2026-09
The operating margin over the last 4 quarters was 2.3%, 2.0 percentage points lower than a year earlier.
Earlier record, Q2 FY2026
The operating margin over the last 4 quarters was 1.0%, 4.7 percentage points lower than a year earlier.
NewReturn on Equity Against a Year Earlier10-Q 2026-09
Return on equity over the last 4 quarters was 6.1%, against 4.4% a year earlier.
Earlier record, Q2 FY2026
Return on equity over the last 4 quarters was 3.0%, against 7.1% a year earlier.

1 more change

WeakenedCash Backing of Earnings10-Q 2026-09
Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 6.7% of average total assets.
Earlier record, Q2 FY2026
Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 7.4% of average total assets.

Thresholds Crossed 0

No published finding crosses a threshold.

Fiscal years and the latest quarter, with flows over the last 4 quarters and balances at the quarter end. Select a value for its formula and the figures it uses.

Credit MetricsLease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

By Fiscal Year

Ratio	FY202031 Dec 2020
EBITA interest coverOperating profit before the amortisation of acquired intangible assets and goodwill impairment, divided by interest expense.(EBIT + amortisation of intangible assets + goodwill impairment) / interest expense

Method

Lease-adjusted debt is total debt plus operating lease liabilities, before the deduction of cash. Adjusted EBITDA adds goodwill impairment, share-based compensation and operating lease cost to EBIT and depreciation and amortisation; restructuring and litigation charges, other impairments and profits on disposals stay in EBIT. FFO deducts cash interest, lease interest and cash taxes.
Lease interest is the average operating lease liability times the weighted average discount rate of the leases, or the implied cost of debt where the rate is not reported.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.
The filings of General Motors Company do not report operating lease cost, so the lease-adjusted ratios are empty and debt to EBITDA on reported figures takes their place.

Liquidity and MaturitiesCash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

These ratios have no value for the figures of this company.

Method

Debt due within 12 months is the larger of the first year of the maturity schedule and the current portion of long-term debt, plus short-term borrowings. The schedule of a quarterly report can cover the rest of the fiscal year only and leaves out finance leases.
Capital expenditure and dividends of the fiscal year, or of the last 4 quarters, are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityCash-flow accruals −6.7%, Operating cash flow to EBITDA 1.43x · Q3 FY2026

Accruals and the cash backing of reported earnings.

Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 6.7% of average total assets.
Interpretation. The profit came in as cash: operating cash flow was larger than net income. Profit backed by cash tends to repeat more than profit made of accounting entries (Sloan, 1996).
Weakenedin Q3 FY2026 · stated since Q3 FY2024−6.7% from −7.4% in Q2 FY2026
Rule: Cash backing of earnings · Sources 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12 and 2 more
History of this finding, 9 records
1. Q3 FY2026 WeakenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 6.7% of average total assets.Recorded from FY2026Q3_82b6240d · data update
2. Q2 FY2026 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 7.4% of average total assets.Reconstructed · data update
3. Q1 FY2026 WeakenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 7.5% of average total assets.Reconstructed · data update
4. Q4 FY2025 StrengthenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 8.6% of average total assets.Reconstructed · data update
5. Q3 FY2025 StrengthenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 7.3% of average total assets.Reconstructed · data update
6. Q2 FY2025 StrengthenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 6.7% of average total assets.Reconstructed · data update
7. Q1 FY2025 StrengthenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 6.2% of average total assets.Reconstructed · data update
8. Q4 FY2024 StrengthenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 5.1% of average total assets.Reconstructed · data update
9. Q3 FY2024 NewOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.0% of average total assets.Reconstructed · initial

Net Income and Operating Cash Flow

Last 4 quarters at each quarter end, US dollars

By Fiscal Year

Ratio	FY202131 Dec 2021	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025	Q3 FY2026latest quarter
Cash-flow accrualsNet income less operating cash flow, against average assets: the part of profit not received in cash in the same period. Research associates high accruals with lower earnings in later years; a negative figure means cash exceeded profit.(Net income attributable to the company - operating cash flow) / average total assets
Balance sheet accrualsThe same gap between profit and cash, measured from the changes in the balance sheet (Sloan, 1996).[(Change in current assets - change in cash) - (change in current liabilities - change in short-term debt - change in taxes payable) - depreciation and amortisation] / average total assets (Sloan, 1996)
Total accrualsAccruals that also cover long-term operating and financial assets and liabilities (Richardson, Sloan, Soliman and Tuna, 2005). Acquisitions raise the figure.Change in net operating working capital, net non-current operating assets and net financial assets / average total assets (Richardson, Sloan, Soliman and Tuna, 2005)
Operating cash flow to EBITDAOperating cash flow against EBITDA: the part of operating profit before depreciation that turns into cash after interest, tax and changes in stock, receivables and payables.Operating cash flow / (operating income + depreciation and amortisation)
Free cash flow to net incomeFree cash flow against net income. Below 1, investment and working capital take up part of the profit.(Operating cash flow - capital expenditure) / net income attributable to the company
Working capital investment to revenueCash put into receivables and stock, less extra credit from suppliers and customers, as a share of revenue. A positive figure means growth or slower collection uses cash.(Increase in receivables + increase in inventories - increase in payables - increase in contract liabilities) / revenue						n/a

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresAltman Z'' 1.33, Beneish −2.02 · Piotroski 6 of 9 · Last 4 quarters 1.23 at Q3 FY2026 · FY2025

Published distress and misstatement models, with their original coefficients and thresholds.

The Altman Z'' score for fiscal 2025 was 1.33, between the distress threshold of 1.10 and the safe threshold of 2.60.
Interpretation. By this model, the company is between the 2 groups of its original study: below 1.10 the profile resembles companies that went bankrupt, above 2.60 companies that did not. Large share buybacks lower book equity and so lower the score.
Confirmedin FY2025 · stated since FY20231.33 from 1.54 in FY2024
Rule: Altman Z'' zone · Sources 10-Q 2026-09, 10-K 2025-12
History of this finding, 3 records
1. FY2025 ConfirmedThe Altman Z'' score for fiscal 2025 was 1.33, between the distress threshold of 1.10 and the safe threshold of 2.60.Reconstructed · data update
2. FY2024 ConfirmedThe Altman Z'' score for fiscal 2024 was 1.54, between the distress threshold of 1.10 and the safe threshold of 2.60.Reconstructed · data update
3. FY2023 NewThe Altman Z'' score for fiscal 2023 was 1.41, between the distress threshold of 1.10 and the safe threshold of 2.60.Reconstructed · initial
The Beneish M-score for fiscal 2022 was minus 2.02, below the model threshold of minus 1.78.
Interpretation. The model finds no sign of earnings manipulation. Beneish (1999) set a threshold of minus 1.78, above which a company resembles the companies that manipulated their earnings.
Newin FY2022 · first stated
Rule: Beneish M-score against its threshold · Sources 10-K 2022-12, 10-K 2021-12, 10-K 2023-12 and 2 more
History of this finding, 1 record
1. FY2022 NewThe Beneish M-score for fiscal 2022 was minus 2.02, below the model threshold of minus 1.78.Reconstructed · initial
The Piotroski F-score for fiscal 2025 was 6 of 9. The 3 signals not met were return on assets higher than a year earlier, margin higher than a year earlier and asset turnover higher than a year earlier.
Interpretation. The score counts how many of 9 tests of profit, debt, liquidity and efficiency the company passes. A score of 4 to 6 is the middle group: Piotroski (2000) placed 7 to 9 in the strongest group and 0 to 3 in the weakest.
Newin FY2025 · first stated
Rule: Piotroski F-score · Sources 10-K 2024-12, 10-K 2025-12, 10-Q 2026-09
History of this finding, 5 records
1. FY2025 NewThe Piotroski F-score for fiscal 2025 was 6 of 9. The 3 signals not met were return on assets higher than a year earlier, margin higher than a year earlier and asset turnover higher than a year earlier.Reconstructed · data update
2. Q4 FY2025 RetiredThe finding changed to a middle score.Reconstructed · data update
3. FY2024 NewThe Piotroski F-score for fiscal 2024 was 8 of 9. The signal not met was return on assets higher than a year earlier.Reconstructed · data update
4. Q4 FY2024 RetiredThe finding changed to a high score.Reconstructed · data update
5. FY2023 NewThe Piotroski F-score for fiscal 2023 was 6 of 9. The 3 signals not met were return on assets higher than a year earlier, current ratio higher than a year earlier and margin higher than a year earlier.Reconstructed · initial

By Fiscal Year

Ratio	FY202131 Dec 2021	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025	Q3 FY2026latest quarter
Altman Z'' scoreA measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.6.56 x working capital / total assets + 3.26 x retained earnings / total assets + 6.72 x EBIT / total assets + 1.05 x total equity / total liabilities (Altman, 1995); distress zone below 1.10, safe zone above 2.60	grey zone	grey zone	grey zone	grey zone	grey zone	grey zone
Beneish M-scoreA screen for earnings manipulation, built from 8 changes in the accounts, such as receivables growing faster than sales. Above minus 1.78 the model groups a company with the companies in the Beneish sample that manipulated their earnings.-4.84 + 0.920 DSRI + 0.528 GMI + 0.404 AQI + 0.892 SGI + 0.115 DEPI - 0.172 SGAI + 4.679 TATA - 0.327 LVGI (Beneish, 1999); model threshold -1.78	below threshold	below threshold	n/a	n/a	n/a	n/a
Dechow F-scoreThe probability of a material misstatement in the accounts, estimated from accruals, receivables, stock, cash sales, profitability and new financing, against the average. A score of 1 means average risk and 2 means twice the average.Predicted probability of a misstatement (model 1 of Dechow, Ge, Larson and Sloan, 2011) / 0.0037, the unconditional probability; 1 equals the base rate	n/a					n/a
Piotroski F-scoreA count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.Number of 9 binary signals met on profitability, cash flow, debt, liquidity, equity issuance, margin and asset turnover (Piotroski, 2000)	n/a					n/a

Altman Z'' Score

fiscal 2025

A measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.

Distress zone, below 1.10

1.33Grey zone, 1.10 to 2.60

Safe zone, above 2.60

The score of 1.33 is in the grey zone of the model, between 1.10 and 2.60. The largest part is retained earnings, at 0.60.

Part	Value	Coefficient	Contribution
Working capital / total assetsCurrent assets less current liabilities, against total assets: the short-term funds available for operations.	0.055	6.560	0.360
Retained earnings / total assetsProfits kept in the business over its life, against total assets.	0.183	3.260	0.597
EBIT / total assetsOperating profit against total assets: the earning power of the assets.	0.010	6.720	0.069
Total equity / total liabilitiesBook equity against liabilities: how far the assets could fall in value before liabilities exceed them.	0.290	1.050	0.304
Score			1.330

Altman, Hartzell and Peck (1995), for non-manufacturing companies. The model omits the ratio of sales to total assets of the 1968 model and uses book equity. Working capital below zero and equity reduced by share repurchases lower the score.

Beneish M-score

fiscal 2022

A screen for earnings manipulation, built from 8 changes in the accounts, such as receivables growing faster than sales. Above minus 1.78 the model groups a company with the companies in the Beneish sample that manipulated their earnings.

−2.02Below the threshold, −1.78 and below

Above the threshold, above −1.78

The score of minus 2.02 is below the model threshold of minus 1.78. Of the 8 measures, receivables against sales raises the score most.

Part	Value	Coefficient	Contribution
Intercept			−4.840
Days sales in receivables indexReceivables against sales, against a year earlier. A rise can mean sales recorded before customers pay.	1.461	0.920	1.344
Gross margin indexGross margin a year earlier against the current gross margin. Above 1, margins fell, which the model treats as a risk factor.	1.000	0.528	0.528
Asset quality indexAssets other than current assets and property, plant and equipment, as a share of total assets, against a year earlier. A rise can mean more costs recorded as assets.	0.903	0.404	0.365
Sales growth indexSales against a year earlier. The model treats fast growth as a risk factor.	1.234	0.892	1.101
Depreciation indexThe rate of depreciation a year earlier against the current rate. Above 1, depreciation slowed, which raises profit.	1.136	0.115	0.131
Selling, general and administrative expenses indexOverheads against sales, against a year earlier.	1.000	−0.172	−0.172
Total accruals to total assetsNet income less operating cash flow, against total assets: profit not backed by cash. It carries the largest coefficient in the model.	−0.023	4.679	−0.108
Leverage indexDebt against total assets, against a year earlier.	1.136	−0.327	−0.371
Score			−2.023

Beneish (1999), estimated on 74 companies identified as earnings manipulators in SEC enforcement releases and the press for 1982 to 1992, against 2,332 Compustat companies. The model classes a score above minus 1.78 with the first group. An index whose inputs are not reported counts as 1.

Dechow F-score

fiscal 2025

The probability of a material misstatement in the accounts, estimated from accruals, receivables, stock, cash sales, profitability and new financing, against the average. A score of 1 means average risk and 2 means twice the average.

A score of 0.63 means a probability of a misstatement 0.63 times the average rate in the Dechow sample: 0.23% against 0.37%.

Part	Value	Coefficient	Contribution
Intercept			−7.893
Total accruals (Richardson, Sloan, Soliman and Tuna)Total accruals: the growth of operating and financial assets net of liabilities, against average assets.	−0.012	0.790	−0.010
Change in receivables / average total assetsThe growth of receivables against average assets.	0.001	2.518	0.002
Change in inventories / average total assetsThe growth of stock against average assets.	−0.000	1.191	−0.000
Assets other than cash and property, plant and equipment / total assetsAssets other than cash and property, plant and equipment, as a share of total assets: assets whose value depends more on judgement.	0.926	1.979	1.832
Change in cash salesThe growth of sales collected in cash.	−0.012	0.171	−0.002
Change in return on assetsThe change in return on assets against a year earlier. A fall raises the score.	−0.012	−0.932	0.011
Debt or equity issued in the year, 1 or 01 when the company issued shares or debt in the year.	0.000	1.029	0.000
Predicted value			−6.060
Probability of a misstatement			0.23%

Model 1 of Dechow, Ge, Larson and Sloan (2011), estimated on misstatements named in SEC Accounting and Auditing Enforcement Releases. The score is the predicted probability of a misstatement over 0.37%, the unconditional probability in their sample, so 1.00 equals that base rate.

Piotroski F-score

fiscal 2025

A count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.

6 of the 9 tests are met, in the middle group of 4 to 6.

Signal	FY2025	FY2024
Return on assets above zero	Met	Met
Operating cash flow above zero	Met	Met
Return on assets higher than a year earlier	Not met	Not met
Operating cash flow above net income	Met	Met
Long-term debt to assets lower than a year earlier	Met	Met
Current ratio higher than a year earlier	Met	Met
No common equity issued	Met	Met
Margin higher than a year earlier	Not met	Met
Asset turnover higher than a year earlier	Not met	Met

Piotroski (2000), 9 signals on profitability, funding and operating efficiency, designed for companies with high book-to-market ratios. Piotroski grouped scores of 8 and 9 as high and 0 and 1 as low; the findings group 7 to 9 and 0 to 3.

Source Documents

Documents of this snapshot, latest first.

Document	Date	Id
Form 10-Q, period ended 30 September 2026	20 Oct 2026	10-Q:0001467858-26-000059
Form 10-Q, period ended 30 June 2026	21 Jul 2026	10-Q:0001467858-26-000051
Form 10-Q, period ended 31 March 2026	28 Apr 2026	10-Q:0001467858-26-000035
Form 10-K, period ended 31 December 2025	27 Jan 2026	10-K:0001467858-26-000013
Form 10-Q, period ended 30 September 2025	21 Oct 2025	10-Q:0001467858-25-000143
Form 10-Q, period ended 30 June 2025	22 Jul 2025	10-Q:0001467858-25-000121
Form 10-Q, period ended 31 March 2025	1 May 2025	10-Q:0001467858-25-000096
Form 10-K, period ended 31 December 2024	28 Jan 2025	10-K:0001467858-25-000032
Form 10-Q, period ended 30 September 2024	22 Oct 2024	10-Q:0001467858-24-000117
Form 10-Q, period ended 30 June 2024	23 Jul 2024	10-Q:0001467858-24-000102
Form 10-Q, period ended 31 March 2024	23 Apr 2024	10-Q:0001467858-24-000076
Form 10-K, period ended 31 December 2023	30 Jan 2024	10-K:0001467858-24-000031
Form 10-Q, period ended 30 September 2023	24 Oct 2023	10-Q:0001467858-23-000107
Form 10-Q, period ended 30 June 2023	25 Jul 2023	10-Q:0001467858-23-000098
Form 10-Q, period ended 31 March 2023	25 Apr 2023	10-Q:0001467858-23-000075
Form 10-K, period ended 31 December 2022	31 Jan 2023	10-K:0001467858-23-000029
Form 10-Q, period ended 30 September 2022	25 Oct 2022	10-Q:0001467858-22-000114
Form 10-Q, period ended 30 June 2022	26 Jul 2022	10-Q:0001467858-22-000094
Form 10-Q, period ended 31 March 2022	27 Apr 2022	10-Q:0001467858-22-000078
Form 10-K, period ended 31 December 2021	2 Feb 2022	10-K:0001467858-22-000034
Form 10-Q, period ended 30 September 2021	27 Oct 2021	10-Q:0001467858-21-000152
Form 10-Q, period ended 30 June 2021	4 Aug 2021	10-Q:0001467858-21-000142
Form 10-Q, period ended 31 March 2021	5 May 2021	10-Q:0001467858-21-000117
Form 10-K, period ended 31 December 2020	10 Feb 2021	10-K:0001467858-21-000037
Form 10-Q, period ended 30 September 2020	5 Nov 2020	10-Q:0001467858-20-000128
Form 10-Q, period ended 30 June 2020	29 Jul 2020	10-Q:0001467858-20-000113
Form 10-Q, period ended 31 March 2020	6 May 2020	10-Q:0001467858-20-000069

Checks

258250 of 258 checks passed, 8 warnings

Fiscal calendar70 passedFiscal years last 350 to 380 days, quarters 80 to 125 days, and each period starts on the day after the one before. Checked at error level.

Quarters and fiscal year98 passedThe 4 quarters of every item add up to its fiscal year, or a later filing restated the year. Checked at error level.

Reported quarters0 of 2 passedA quarter that a filing reports on its own agrees with the figures of the same filing. Checked at warning level.

Net income available to common shareholders, Q3 FY2024: $3,029m against $3,025m

Net income available to common shareholders, Q3 FY2025: $1,297m against $1,286m

Filer identity1 passedThe documents are those of the company of this page. Checked at error level.

Balance sheet identity27 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Balance sheet structure21 of 27 passedTotal assets equal liabilities, temporary equity and total equity. Checked at warning level.

30 Sep 2022: $260,529m against $260,530m

31 Dec 2022: $264,037m against $264,036m

31 Mar 2023: $267,004m against $267,005m

30 Jun 2024: $282,956m against $282,955m

31 Mar 2025: $282,104m against $282,105m

30 Sep 2026: $289,183m against $289,182m

Quarters and 9 months21 passedThe 3 reported quarters of a fiscal year add up to the reported 9-month figure. Checked at error level.

Earnings per share6 passedNet income divided by average shares agrees with reported basic earnings per share. Checked at warning level.

Primary statements6 passedEach key figure of the latest fiscal year is a line of the income statement, the balance sheet or the cash flow statement of the annual report. Checked at warning level.

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	1,250
Confirmed by other figures	48.9%, 611 values
Confirmed by a second document	0.0%, 0 values
Derived from reported figures	15.8%, 197 values
Values withheld	0
Restated figures tracked	3
Changes compared on one basis	0
Company lines mapped	0 of 0 reviewed

Citation

Annalist, General Motors Company, snapshot general-motors/FY2026Q3_82b6240d (as of FY2026 Q3); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2026Q3_82b6240d · dataset SHA-256 82b6240d7c7df6c06649484a48c02d1cfa742125cd62416a83b2373015768a6b · findings rules 0.5

Data: info.json · dataset.json · validation.json · documents.json