The Business Study
Ford vs GM: who makes more money?
Ford is bigger: $187 billion in revenue against $185 billion for GM, about 1.0 times as much. But GM keeps more of each sale: $1.46 of every $100 versus $-4.36. Across 4 rounds from their latest annual reports, GM wins 3.
From each company's latest Form 10-K: Ford (year ended December 31, 2025) and GM (year ended December 31, 2025). Page updated November 8, 2026.
Revenue Money coming in
Net profit After every cost and tax
Kept per $100 of sales Profit margin
Growth over 5 years Revenue, first to latest year shown
How each one makes its money.
Ford sells gas trucks and cars (Ford Blue), work vehicles and fleet services (Ford Pro), EVs (Model e), and makes car loans (Ford Credit).
How Ford makes moneyGMGM makes almost all its money selling cars and trucks, plus parts, services and car loans through GM Financial.
How GM makes moneyQuick answers.
Who makes more money, Ford or GM?
Ford: $187 billion in revenue against $185 billion.
Which is more profitable, Ford or GM?
GM keeps more of each dollar ($1.46 of every $100). In total profit, GM made more: $2.7 billion.
Sources: Ford Motor Company Form 10-K and General Motors Company Form 10-K on SEC EDGAR. Fiscal years can end in different months, so each side uses its own latest year. Profit means net income.