GM vs LI: General Motors and Li Auto compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- General Motors is the larger company, worth $71.5B, about 7.5 times Li Auto.
- General Motors grew revenue faster over the last year (+2.1% vs -22.2%).
- General Motors keeps more of each dollar of revenue as operating profit (1.1% vs -0.5%).
- On earnings, General Motors is the cheaper stock (28.9x vs 58.3x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | GM | LI |
|---|---|---|
| Market cap | $71.5B | $9.5B |
| Share price | $82.73 | $11.54 |
| Revenue (last fiscal year) | $168.0B | $112.3B |
| Free cash flow (last fiscal year) | $17.6B | -$12.8B |
| Revenue growth, last year | +2.1% | -22.2% |
| Revenue growth per year, last 5 fiscal years | +10.3% | +42.8% |
| Operating margin | 1.1% | -0.46% |
| Net margin | 1.2% | 1.0% |
| Return on equity | 3.1% | 2.5% |
| P/E (trailing) | 28.9x | 58.3x |
| Price / free cash flow | 6.45x | — |
| EV / EBITDA | 15.2x | 4.39x |
| FCF growth the price implies | -17.2% | — |
| Dividend yield | 0.79% | — |
| Debt / equity | 3.53x | 0.92x |
| Fundamental grade | D | D |
| Superinvestors holding it | 11 | 0 |
| Insider purchases, last 12 months | 2 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
General Motors
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $113.6B | $7.7B | 8.2% |
| 2022 | $144.0B | $6.8B | 7.2% |
| 2023 | $157.7B | $10.0B | 5.9% |
| 2024 | $171.6B | $9.3B | 7.4% |
| 2025 | $168.0B | $17.6B | 1.7% |
Li Auto
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $27.0B | $4.9B | -3.8% |
| 2022 | $45.3B | $2.3B | -8.1% |
| 2023 | $123.9B | $44.2B | 6.0% |
| 2024 | $144.5B | $8.2B | 4.9% |
| 2025 | $112.3B | -$12.8B | -0.46% |
Where the revenue comes from
General Motors · by segments, 2025
GM North America$154.3B84%
GM Financial$17.1B9%
GMI$13.4B7%
Cruise$1M0%
Li Auto · by products, 2025
Vehicle sales$106.7B95%
Services$5.6B5%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open GM in InvestinglyQuestions
Which is bigger, General Motors or Li Auto?
General Motors (GM), at $71.5B against $9.5B.
Is GM or LI cheaper?
By trailing P/E, General Motors (28.9x) is cheaper than Li Auto (58.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, GM or LI?
General Motors: revenue grew +2.1% over the last year, against -22.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.