General American Investors Company, Inc.

NYSE:GAM Stock Report

Market Cap: US$1.1b

General American Investors Company Past Earnings Performance

Past criteria checks 2/6

General American Investors Company has been growing earnings at an average annual rate of 8.6%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 0.9% per year. General American Investors Company's return on equity is 19.2%, and it has net margins of 1003.8%.

Key information

8.6%

Earnings growth rate

9.0%

EPS growth rate

Capital Markets Industry Growth10.3%
Revenue growth rate0.9%
Return on equity19.2%
Net Margin1,003.8%
Last Earnings Update31 Dec 2023

Recent past performance updates

No updates

Recent updates

GAM: A Robust Way To Extract Equity Dividends In A Low VIX Environment

Jan 18

GAM Seems To Have Lost Its Mojo

Nov 12

GAM: When Looking For A CEF With Over 50 Years Of Track Record

Dec 27

General American Investors declares $2.50 dividend

Nov 04

Revenue & Expenses Breakdown
Beta

How General American Investors Company makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:GAM Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2326262150
30 Sep 2324239140
30 Jun 2322226130
31 Mar 2320-76130
31 Dec 2218-189120
30 Sep 2217-165130
30 Jun 2216-132130
31 Mar 2215180140
31 Dec 2115282150
30 Sep 2115293150
30 Jun 2115362150
31 Mar 2115396130
31 Dec 201566120
30 Sep 201728110
30 Jun 2018-37110
31 Mar 2021-109120
31 Dec 1921286130
30 Sep 192114120
30 Jun 192193120
31 Mar 192156120
31 Dec 1821-83120
30 Sep 1821125140
30 Jun 182195130
31 Mar 182283130
31 Dec 1722159140
30 Sep 1722147130
30 Jun 1721152130
31 Mar 1721142140
31 Dec 162173130
30 Sep 162592130
30 Jun 1626-58130
31 Mar 1626-55130
31 Dec 1528-40140
30 Sep 1526-68140
30 Jun 152627130
31 Mar 152586140
31 Dec 142373130
30 Sep 1422151140
30 Jun 1421247140
31 Mar 1420206140
31 Dec 1319307140
30 Sep 1324245140
30 Jun 1323208150
31 Mar 1323125150

Quality Earnings: GAM has a large one-off gain of $264.7M impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: GAM became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: GAM has become profitable over the past 5 years, growing earnings by 8.6% per year.

Accelerating Growth: GAM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GAM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-3.3%).


Return on Equity

High ROE: GAM's Return on Equity (19.2%) is considered low.


Return on Assets


Return on Capital Employed


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