General Motors Co
General Motors Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 0.95% | — | 2.91% | 0.68% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 1.32% | — | 3.85% | 0.9% | — |
| FY 2025 Q4 | Dec 31, 2025 | 1.48% | 1.57% | — | 5.12% | 0.96% | -7.9 pp |
| FY 2025 Q3 | Sep 30, 2025 | — | 4.16% | — | 6.99% | 1.05% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 5.56% | — | 9.67% | 1.67% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 6.59% | — | 11.58% | 2.08% | — |
| FY 2024 Q4 | Dec 31, 2024 | 5.11% | 7.06% | 3.3% | 11.29% | 2.17% | -4.3 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | 6.43% | — | 15.12% | 3.88% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 6.23% | — | 15.69% | 3.97% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 5.78% | — | 15.57% | 3.94% | — |
| FY 2023 Q4 | Dec 31, 2023 | 5.15% | 5.29% | 4.14% | 15.18% | 3.77% | -4.3 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 6.12% | — | 14.21% | 3.7% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 6.37% | — | 15% | 3.88% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 6.13% | — | 14.09% | 3.62% | — |
| FY 2022 Q4 | Dec 31, 2022 | 5.32% | 6.01% | 10.04% | 13.98% | 3.91% | -4.1 pp |
| FY 2022 Q3 | Sep 30, 2022 | — | 5.41% | — | 14.45% | 3.88% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 4.38% | — | 13.36% | 3.55% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 4.94% | — | 16.02% | 4.06% | — |
| FY 2021 Q4 | Dec 31, 2021 | 4.94% | 5.73% | 13.28% | 18.78% | 4.18% | -4.5 pp |
| FY 2021 Q3 | Sep 30, 2021 | — | 6.49% | — | 22.45% | 4.65% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 8.17% | — | 27.64% | 5.32% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 5.83% | — | 20.29% | 3.77% | — |
| FY 2020 Q4 | Dec 31, 2020 | 3.83% | 4.45% | 3% | 14.39% | 2.77% | -5.6 pp |
| FY 2020 Q3 | Sep 30, 2020 | — | 2.16% | — | 7.4% | 1.44% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 0.77% | — | 3.8% | 0.72% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 3.23% | — | 11.74% | 2.03% | — |
| FY 2019 Q4 | Dec 31, 2019 | 3.8% | 3.8% | 25.95% | 16.32% | 2.96% | -5.6 pp |
| FY 2019 Q3 | Sep 30, 2019 | — | 4.75% | — | 21.44% | 3.92% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 4.29% | — | 22.9% | 4.05% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 3.64% | — | 24.09% | 4.04% | — |
| FY 2018 Q4 | Dec 31, 2018 | 3.44% | 3.17% | 32.39% | 21.43% | 3.64% | -6 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 4.28% | — | 1.89% | 0.36% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 4.57% | — | -11.57% | -2.05% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 5.54% | — | -13.56% | -2.41% | — |
| FY 2017 Q4 | Dec 31, 2017 | 0.24% | 7.36% | — | -9.84% | -1.78% | -9.2 pp |
| FY 2017 Q3 | Sep 30, 2017 | — | 6.23% | — | 7.18% | 1.4% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 7.06% | — | 19.91% | 3.92% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 7.69% | — | 23.2% | 4.61% | — |
| FY 2016 Q4 | Dec 31, 2016 | 7.36% | 7.35% | — | 22.52% | 4.53% | -2 pp |
| FY 2016 Q3 | Sep 30, 2016 | — | 7.87% | — | 34.93% | 6.77% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 6.27% | — | 31.59% | 6.26% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 5.07% | — | 27.69% | 5.57% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 4.17% | — | 25.72% | 5.21% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 3.85% | — | 13.93% | 2.96% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 4.1% | — | 14.09% | 3.03% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 2.6% | — | 11.47% | 2.65% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 1.42% | — | 7.18% | 2.3% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 0.36% | — | 6.87% | 1.74% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 1.35% | — | 5.11% | 1.9% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 3.61% | — | 7.68% | 2.68% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 5.15% | — | 9.56% | 3.39% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | -29.26% | — | 10.09% | 3.4% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | -30.71% | — | 12.88% | 3.56% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | -31.86% | — | 14.93% | 3.98% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | -32.51% | — | 13.07% | 4.21% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 12.52% | 3.76% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | 12.96% | 3.96% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | — | — | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 9.4%, rounded from the Auto & Truck benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · GM, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.