GAM - NYSE
General American Investors Company, Inc.
$63.56
-0.84%General American Investors Company, Inc. is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials. The firm employs fundamental analysis with a bottom-up stock picking approach to make its investments. It conducts in-house research to make its investments. General American Investors Company, Inc. was founded in 1927 and is based in New York, New York.
At a Glance
Live SnapshotNo Operating Cash Flow Data
GAM has not reported any operating cash flow values in the available annual periods.
General American Investors Company, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
General American Investors Company, Inc. Income Statement
GAM • NYSE
| General American Investors Company, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||
163.9M | 251.7M | 89.7M | -164.7M | 108M | 89M | 309.9M | -59.1M | 184.5M | 97.7M | 61.7M | 23.3M | 19.3M | 22.7M | |
GROSS PROFIT | ||||||||||||||
(13.9M) | (13.2M) | (13.6M) | (10.7M) | (13M) | (10.3M) | (11.3M) | (10.6M) | (11M) | (10.8M) | (11.1M) | (0.0) | (0.0) | (0.0) | |
150M | 251.7M | 76.1M | -175.4M | 299.4M | 82.3M | 298.6M | -69.7M | 173.5M | 87M | 50.6M | 23.3M | 19.3M | 22.7M | |
OPERATING INCOME | ||||||||||||||
-189.8M | (6.2M) | (6.2M) | (5.5M) | (5.8M) | (5.3M) | (13M) | (12.6M) | (13.8M) | (13.3M) | (79M) | (60.5M) | (298.7M) | (129M) | |
(5.5M) | (5.5M) | (15M) | (12.4M) | (14.6M) | (11.9M) | (12.6M) | (12.2M) | (13.4M) | (12.9M) | (13.6M) | (13.4M) | (13.9M) | (15.6M) | |
(0.0) | (8.9M) | (9.4M) | (7.1M) | (9M) | (6.8M) | (7.5M) | (0.0) | (1.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
339.8M | 245.5M | 273.4M | -177.3M | 293.6M | 77M | 296.9M | -71.7M | 170.7M | 84.4M | -28.4M | 9.7M | 5.2M | 7M | |
PRE-TAX INCOME | ||||||||||||||
24.3M | 6.6M | 8.4M | 2.3M | 11.7K | 484.5K | 2.5M | 1.5M | 1.3M | 244.6K | 0.0 | 0.0 | 0.0 | 0.0 | |
-195.3M | -8.2M | -18.2M | -14.1M | -17.8M | -13.4M | -7.1M | (367.6K) | (387.9K) | (383.5K) | -79M | (0.0) | (0.0) | (0.0) | |
67.4K | 0.0 | 6.7K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
339.8M | 245.5M | 273.4M | -177.3M | 293.6M | 77M | 296.9M | -71.7M | 170.7M | 84.4M | -28.4M | 83.8M | 318M | 151.7M | |
NET INCOME | ||||||||||||||
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -161.1K | (0.0) | (0.0) | (0.0) | (74.1M) | (312.7M) | (144.7M) | |
339.8M | 245.5M | 273.4M | -177.3M | 293.6M | 77M | 296.9M | -71.7M | 170.7M | 84.4M | -28.4M | 72.5M | 306.7M | 140.4M |
SEC Filings
GAM - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
DEF 14A DEF 14A 2026 N/A | February 23, 2026 | April 15, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | February 24, 2025 | April 16, 2025 | 2025 | |
DEF 14A DEF 14A 2024 N/A | February 20, 2024 | April 24, 2024 | 2024 | |
DEF 14A DEF 14A 2023 N/A | April 18, 2023 | April 26, 2023 | 2023 | |
DEF 14A DEF 14A 2022 N/A | February 18, 2022 | April 20, 2022 | 2022 | |
DEF 14A DEF 14A 2021 N/A | February 19, 2021 | April 28, 2021 | 2021 | |
DEF 14A DEF 14A 2020 N/A | February 20, 2020 | April 22, 2020 | 2020 | |
DEF 14A DEF 14A 2019 N/A | February 21, 2019 | April 24, 2019 | 2019 | |
DEF 14A DEF 14A 2018 N/A | February 21, 2018 | February 20, 2018 | 2018 | |
DEF 14A DEF 14A 2017 N/A | February 21, 2017 | February 21, 2017 | 2017 |
Related Guides
Continue your GAM research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.