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Over the five-year period, General Motors demonstrated a strong upward trend in revenue, growing from USD 122,485 million in 2020 to USD 187,442 million in 2024. This steady increase reflects a compound growth trend, with particularly notable acceleration in 2022 when revenue jumped roughly 23% year-over-year from USD 127,004 million in 2021. Meanwhile, the reported gross profit figures are only available for 2020 and 2021, showing modest improvements from USD 24,946 million to USD 26,460 million, after which the data is not provided. Operating income exhibited variability but maintained an overall upward trajectory—from USD 6,634 million in 2020 to USD 12,784 million in 2024. However, there were some notable swings: a significant 40% rise from 2020 to 2021, a modest 10% increase to 2022, followed by a decrease in 2023, and then a rebound of nearly 38% in 2024. Net income trends were more volatile. After a 56% jump from USD 6,427 million in 2020 to USD 10,019 million in 2021, net income slightly declined to USD 9,934 million in 2022 and then showed a marginal recovery to USD 10,127 million in 2023. The sharp decline to USD 6,008 million in 2024 (a drop of about 40% from the previous year) stands out as a significant deviation, suggesting possible increases in non-operating expenses, tax impacts, or extraordinary items that offset the higher operating income. Overall, while revenue growth and operational performance indicate underlying strength and sound business operations within an industry marked by cyclical challenges, the pronounced net income fluctuation in 2024 calls for closer scrutiny to ensure long-term profitability and financial sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.