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General Motors vs NIO: revenue, profit, margins and growth compared

General Motors brought in $185B of revenue in fiscal 2025, NIO $12.5B in fiscal 2025. Revenue changed by -1.3% at General Motors and +38.9% at NIO on the year before, so NIO grew faster. General Motors kept 1.5% of its revenue as net profit, NIO -17.8%. Free cash flow was $17.6B at General Motors and -$439.4M at NIO.

Side by side, latest fiscal year

GMNIO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$185B$12.5B
Revenue growth-1.3%+38.9%
Net income$2.7B-$2.2B
Net margin1.5%-17.8%
Free cash flow$17.6B-$439.4M
Free cash flow margin9.5%-3.5%
Earnings per share (diluted)$3.27-$0.98
Cash$20.9B$1.6B
Debtn/a$1.3B
Price to earnings24.8n/a
Market value$71.1B$9B
Dividend yield0.70%n/a
Rank by revenue in sector#2 of 587 · Industrials#51 of 587 · Industrials

Over the years

Revenue
GM FY2018: $147BGM FY2019: $137.2BGM FY2020: $122.5BGM FY2021: $127BGM FY2022: $156.7BGM FY2023: $171.8BGM FY2024: $187.4BGM FY2025: $185BNIO FY2018: $720.1MNIO FY2019: $1.1BNIO FY2020: $2.5BNIO FY2021: $5.7BNIO FY2022: $7.1BNIO FY2023: $7.8BNIO FY2024: $9BNIO FY2025: $12.5BFY18FY19FY20FY21FY22FY23FY24FY25
GM $185BNIO $12.5B
Net income
GM FY2018: $8BGM FY2019: $6.7BGM FY2020: $6.4BGM FY2021: $10BGM FY2022: $9.9BGM FY2023: $10.1BGM FY2024: $6BGM FY2025: $2.7BNIO FY2018: -$3.4BNIO FY2019: -$1.6BNIO FY2020: -$859.9MNIO FY2021: -$1.7BNIO FY2022: -$2.1BNIO FY2023: -$3BNIO FY2024: -$3.1BNIO FY2025: -$2.2BFY18FY19FY20FY21FY22FY23FY24FY25
GM $2.7BNIO -$2.2B
Net margin
GM FY2018: 5.4%GM FY2019: 4.9%GM FY2020: 5.2%GM FY2021: 7.9%GM FY2022: 6.3%GM FY2023: 5.9%GM FY2024: 3.2%GM FY2025: 1.5%NIO FY2018: -471.2%NIO FY2019: -145.9%NIO FY2020: -34.5%NIO FY2021: -29.3%NIO FY2022: -29.6%NIO FY2023: -38.0%NIO FY2024: -34.5%NIO FY2025: -17.8%FY18FY19FY20FY21FY22FY23FY24FY25
GM 1.5%NIO -17.8%
Revenue growth
GM FY2019: -6.7%GM FY2020: -10.7%GM FY2021: +3.7%GM FY2022: +23.4%GM FY2023: +9.6%GM FY2024: +9.1%GM FY2025: -1.3%NIO FY2019: +56.1%NIO FY2020: +121.7%NIO FY2021: +127.6%NIO FY2022: +26.0%NIO FY2023: +9.7%NIO FY2024: +15.0%NIO FY2025: +38.9%FY19FY20FY21FY22FY23FY24FY25
GM -1.3%NIO +38.9%
Free cash flow
GM FY2018: $6.5BGM FY2019: $7.4BGM FY2020: $11.4BGM FY2021: $7.7BGM FY2022: $6.8BGM FY2023: $10BGM FY2024: $9.3BGM FY2025: $17.6BNIO FY2019: -$1.5BNIO FY2020: $126.2MNIO FY2021: -$331.5MNIO FY2022: -$1.6BNIO FY2023: -$2.2BNIO FY2024: -$2.3BNIO FY2025: -$439.4MFY18FY19FY20FY21FY22FY23FY24FY25
GM $17.6BNIO -$439.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about General Motors and NIO

Which is bigger by revenue, General Motors or NIO?

General Motors is bigger by revenue: $185B in fiscal 2025, against $12.5B for NIO in fiscal 2025.

Which keeps more of its revenue as profit, General Motors or NIO?

General Motors had a net margin of 1.5% in fiscal 2025; NIO had -17.8% in fiscal 2025.

Which grew revenue faster, General Motors or NIO?

In their latest fiscal years revenue changed by -1.3% at General Motors and +38.9% at NIO.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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