General Motors Company (NYSE: GM) shares closed at $79.38 on Monday, down 0.4% from the previous session, after the U.S. automaker reported a fourth-quarter net loss but stronger adjusted profit and outlined full-year 2025 results. Investors also digested details on special charges and capital return programs.
Market Capitalization
At the close of trade, GM’s market capitalization was about $75 billion, based on prevailing share price levels widely reported in financial data.
Latest Quarterly Results
For the quarter ended December 31, 2025 (Q4 2025), GM reported total revenue of $45,287 million ($45.29 billion), down 5.1% from $47,702 million ($47.70 billion) in the year-earlier quarter.
Net income attributable to stockholders for the quarter was a loss of $3,310 million ($3.31 billion), compared with a loss of $2,961 million ($2.96 billion) in Q4 2024. EBIT-adjusted — a non-GAAP measure — was $2,843 million ($2.84 billion), compared with $2,509 million a year earlier.
Earnings per share (diluted) was –$3.60, versus –$1.64 a year ago. Adjusted diluted EPS was $2.51, up from $1.92 in Q4 2024.
Segment highlights (as reported)
- GM North America (GMNA) EBIT-adjusted: $2,244 million, down slightly from $2,274 million.
- GM International (GMI) EBIT-adjusted: $278 million, up from $221 million.
- China equity income (loss): loss of $513 million, compared with a $4,060 million loss a year earlier.
- GM Financial EBT-adjusted: $609 million, down from $719 million.
Full-Year Results Context
For the full year ended December 31, 2025, GM reported net income attributable to stockholders of $2,697 million ($2.7 billion), down 55.1% from $6,008 million in 2024. EBIT-adjusted for the year was $12,747 million ($12.7 billion), also below the prior year’s $14,934 million. Automotive operating cash flow was $18,733 million ($18.7 billion) and adjusted automotive free cash flow was $10,595 million ($10.6 billion).
Revenue for fiscal 2025 was $185,019 million ($185.0 billion), a slight decline from $187,442 million ($187.4 billion) in 2024.
Business & Operations Update
GM attributed its widened quarterly loss to over $7.2 billion in special charges tied to realignment of electric vehicle (EV) capacity and related policy-driven factors. The company also announced a 20% increase in its quarterly dividend to $0.18 per share and approved a new $6.0 billion share repurchase program.
Adjusted automotive operating cash flow and free cash flow improved year-over-year, while international operations showed narrower losses and GM Financial continued to contribute to earnings.
M&A or Strategic Moves
Strategic developments focused on EV capacity realignment, cost optimization and capital allocation initiatives, including dividend increases and stock buybacks.
Equity Analyst Commentary
Analyst coverage highlighted the adjusted EPS beat, with Q4 EPS of $2.51 surpassing estimates and up from the prior year, while noting revenue was slightly below consensus forecasts. Commentary also referenced the impact of EV-related charges and the company’s repositioning strategy.
Guidance & Outlook
GM provided 2026 guidance calling for net income attributable to stockholders of $10.3 billion to $11.7 billion and EBIT-adjusted of $13.0 billion to $15.0 billion. Automotive operating cash flow is expected between $19.0 billion and $23.0 billion, and adjusted free cash flow between $9.0 billion and $11.0 billion.
Performance Summary
GM shares closed lower.
Q4 revenue declined year-on-year.
Net loss widened, while adjusted EBIT and adjusted EPS rose.
Capital returns were expanded with dividend and buyback programs.