General American Investors Company, Inc. (GAM) Earnings History
Earnings Pressure13 years of earnings data (2012–2024) · 5-year EPS trend is negative
Loading earnings history...
General American Investors Company, Inc. (GAM) Earnings Overview
As of June 24, 2026, General American Investors Company, Inc. (GAM) reported trailing twelve-month net income of $202M, reflecting -36.1% year-over-year growth. The company earned $8.67 per diluted share over the past four quarters, with a net profit margin of 97.5%.
Looking at the long-term picture, GAM's 5-year EPS compound annual growth rate (CAGR) stands at -7.9%, signaling declining earnings. The company achieved its highest annual net income of $307M in fiscal 2013.
General American Investors Company, Inc. maintains industry-leading profitability with a gross margin of 100.0%, operating margin of 97.5%, and net margin of 97.5%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including TRI ($1.53B net income, 20.1% margin), CET ($553M net income, 305.0% margin), SOR ($78M net income, 97.4% margin), GAM has outperformed on profitability metrics. Compare GAM vs TRI →
GAM Earnings vs Peers
Earnings metrics vs comparable public companies
GAM Historical Earnings Data (2012–2024)
13 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $245M | -10.2% | $245M | $10.81 | 97.5% | 97.5% |
| 2023 | $273M | +254.2% | $273M | $16.93 | 304.9% | 304.9% |
| 2022 | -$177M | -160.4% | -$177M | $-11.80 | - | - |
| 2021 | $294M | +281.5% | $294M | $16.80 | 272.0% | 272.0% |
| 2020 | $77M | -74.1% | $77M | $3.76 | 86.4% | 86.4% |
| 2019 | $297M | +514.0% | $297M | $16.29 | 95.8% | 95.8% |
| 2018 | -$72M | -142.0% | -$72M | $-2.39 | - | - |
| 2017 | $171M | +102.2% | $171M | $6.20 | 92.5% | 92.5% |
| 2016 | $84M | +397.2% | $84M | $3.42 | 86.4% | 86.4% |
| 2015 | -$28M | -139.2% | -$28M | $-1.00 | -46.1% | -46.1% |
| 2014 | $73M | -76.3% | $10M | $2.35 | 310.7% | 41.7% |
| 2013 | $307M | +118.4% | $5M | $10.24 | 1590.1% | 27.1% |
| 2012 | $140M | - | $7M | $4.80 | 617.5% | 30.7% |
Download Data
Export GAM earnings history in CSV or JSON format
Free sign-in required to download data
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
GAM — Frequently Asked Questions
Quick answers to the most common questions about buying GAM stock.
What is GAM earnings per share (EPS)?
GAM trailing twelve-month (TTM) diluted EPS is $8.67, reflecting -36.1% year-over-year growth. The 5-year EPS CAGR is -7.9%. Complete EPS history from 2012 to 2024 is available in the table on this page.
What is General American Investors Company, Inc.'s net income?
General American Investors Company, Inc. (GAM) trailing twelve-month net income is $202M as of 2024. Earnings declined -36.1% year-over-year. General American Investors Company, Inc. has been profitable for 2 consecutive years.
Is GAM profitable?
Yes, GAM is profitable with a TTM net income of $202M and a net profit margin of +97.5%. General American Investors Company, Inc. has generated profits for 2 consecutive years.
What is GAM's earnings growth rate?
GAM compound annual EPS growth rates (CAGR): 1-Year: -36.1%, 3-Year: -13.7%, 5-Year: -7.9%, 10-Year: +16.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2012 to 2024.
What are GAM's profit margins?
General American Investors Company, Inc. net profit margin is +97.5%, operating margin is +97.5%, and gross margin is +100.0%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +16.5%.
Is GAM growing earnings?
GAM earnings are declining — EPS fell -36.1% year-over-year. TTM net income dropped to $202M. This contrasts with the 5-year CAGR of -7.9%.
What was GAM's best earnings year?
General American Investors Company, Inc.'s highest annual net income on record is $307M, achieved in fiscal year 2013. Earnings history on this page spans 2012 to 2024 and includes all annual and quarterly figures.
What were GAM's earnings last quarter?
GAM's most recent reported quarter was Q2 2025. Net income was $75M with diluted EPS of $3.11. For a full breakdown of all quarters, see the quarterly earnings table on this page.