GENERAL AMERICAN INVESTORS CO INC (GAM)
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.
Industry: Asset Management
General American Investors Company, Inc.
NYSE:GAMFinancial Services · Asset Management
+0.35%$63.94
AH Close$63.94+0.00%vs close
AH Close$63.94+0.00%vs close
Mkt Cap$1.53B
Float22.02M
O/S23.99M
Inst Own32.2%
SI<0.1%
Div Yield10.01%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$163.88M
Net Income$339.84M
Total Assets$1.77B
Free Cash Flow$0
Debt & Equity
Debt 0%
Equity 90%
Preferred 10%
Total Debt$1.8M
Total Equity$1.76B
Preferred Stock$190.04M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GAM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.77B
Liabilities$17.21M
Accounts Receivable$2.57M
Accounts Payable$330K
Inventory$0
PP&E (Net)$1.8M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $163.88M | $251.67M | $89.68M | -$164.69M | $107.95M | $89.04M | $309.92M | -$59.1M | $184.53M | $97.72M | $61.68M | $23.35M | $19.28M | $22.73M |
| YoY Growth | -34.9% | 180.6% | -154.5% | -252.6% | 21.2% | -71.3% | -624.4% | -132.0% | 88.8% | 58.4% | 164.2% | 21.1% | -15.2% | - |
| Cost of Revenue | $13.88M | $13.16M | $13.6M | $10.72M | $12.98M | $10.33M | $11.32M | $10.6M | $11.04M | $10.75M | $11.11M | $0 | $0 | $0 |
| Gross Profit | $150M | $251.67M | $76.08M | -$175.41M | $299.41M | $82.27M | $298.6M | -$69.7M | $173.49M | $86.97M | $50.57M | $23.35M | $19.28M | $22.73M |
| Gross Margin | 91.5% | 100.0% | 84.8% | 106.5% | 277.4% | 92.4% | 96.3% | 117.9% | 94.0% | 89.0% | 82.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $8.89M | $9.38M | $7.12M | $8.99M | $6.77M | $7.53M | -$1 | $1 | $1 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $5.51M | $5.48M | $14.98M | $12.42M | $14.63M | $11.91M | $12.59M | $12.24M | $13.4M | $12.92M | $13.65M | $13.45M | $13.89M | $15.57M |
| Other | -$195.28M | -$8.15M | -$18.2M | -$14.08M | -$17.83M | -$13.39M | -$7.07M | $368K | $388K | $383K | -$78.98M | $0 | $0 | $0 |
| Total Operating Expenses | -$189.78M | $6.22M | $6.16M | $5.46M | $5.8M | $5.3M | $13.05M | $12.6M | $13.79M | $13.3M | $78.98M | $60.5M | $298.68M | $128.96M |
| Operating Income (EBIT) | $339.84M | $245.46M | $273.4M | -$177.27M | $293.61M | $76.97M | $296.88M | -$71.7M | $170.73M | $84.42M | -$28.41M | $9.74M | $5.23M | $6.97M |
| Operating Margin | 207.4% | 97.5% | 304.9% | 107.6% | 272.0% | 86.4% | 95.8% | 121.3% | 92.5% | 86.4% | -46.1% | 41.7% | 27.1% | 30.7% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $24.31M | $6.64M | $8.4M | $2.28M | $12K | $484K | $2.46M | $1.52M | $1.34M | $245K | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $67K | $0 | $7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $339.84M | $245.46M | $273.4M | -$177.27M | $293.61M | $76.97M | $296.88M | -$71.7M | $170.73M | $84.42M | -$28.41M | $83.85M | $317.96M | $151.7M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $0 | $0 | $0 | $74.11M | $312.73M | $144.73M |
| Net Income | $339.84M | $245.46M | $273.4M | -$177.27M | $293.61M | $76.97M | $296.88M | -$71.7M | $170.73M | $84.42M | -$28.41M | $72.54M | $306.65M | $140.39M |
| Net Income Margin | 207.4% | 97.5% | 304.9% | 107.6% | 272.0% | 86.4% | 95.8% | 121.3% | 92.5% | 86.4% | -46.1% | 310.7% | 1590.1% | 617.5% |
| Supplementary Data | ||||||||||||||
| EPS | 20.46 | 10.81 | 16.93 | -11.80 | 16.80 | 3.76 | 16.29 | -2.39 | 6.20 | 3.42 | -1.00 | 2.35 | 10.24 | 4.80 |
| Diluted EPS | 20.46 | 10.81 | 16.93 | -11.80 | 16.80 | 3.76 | 16.29 | -2.39 | 6.20 | 3.42 | -1.00 | 2.35 | 10.24 | 4.80 |
| Weighted Average OS | 16.06M | 21.66M | 15.27M | 15.98M | 16.80M | 17.48M | 24.70M | 29.97M | 25.71M | 21.38M | 28.30M | 30.87M | 29.94M | 29.23M |
| EBITDA | $339.93M | $0 | $273.4M | $47.95M | $293.61M | $76.97M | $296.88M | $0 | $0 | $84.42M | -$28.41M | $83.85M | $317.96M | $151.7M |
| EBITDA Margin | 207.4% | - | 304.9% | -29.1% | 272.0% | 86.4% | 95.8% | - | - | 86.4% | -46.1% | 359.1% | 1648.8% | 667.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $415K | $70K | $117K | $182K | -$4.03M | $0 | -$5.01M | $3.44M | $0 | $0 | $3.85M | $892 | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $415K | $70K | $117K | $182K | -$4.03M | $0 | -$5.01M | $3.44M | $0 | $0 | $3.85M | $892 | $0 | $0 |
| Accounts Receivable | $2.57M | $11.69M | $5.82M | $3.83M | $1.65M | $1.13M | $5.24M | $5.1M | $8.8M | $6.15M | $2.2M | $6.74M | $1.48M | $1.59M |
| Inventory | $0 | $0 | $0 | -$1.34M | $1.65M | $0 | $5.24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$2.57M | $0 | -$3.65M | -$2.09M | -$5.29M | $0 | -$3.74M | $0 | $0 | $0 | $3.83M | $0 | $162K | $1.88M |
| Total Current Assets | $415K | $11.76M | $5.94M | $4.01M | -$2.38M | $4.54M | $5.24M | $10.54M | $9.85M | $6.75M | $6.96M | $7.93M | $3.15M | $3.47M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $1.8M | $2.4M | $2.98M | $3.52M | $4.03M | $0 | $5.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $2.5M | $945K | $1.01M | $1.23B | $1.48B | $0 | $1.28B | $2.25M | $2.95M | $3.7M | $1.27B | $1.42B | $1.42B | $1.17B |
| Deferred Tax Assets | $0 | $0 | $0 | $1.25B | $1.5B | $0 | $1.29B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.77B | $1.55B | $1.43B | -$1.24B | -$4.03M | $1.3B | -$5.01M | $1.1B | $1.26B | $1.22B | $2M | $2.59M | $5.58M | -$1.17B |
| Total Long-Term Assets | $1.77B | $1.55B | $1.44B | $1.24B | $1.48B | $1.3B | $1.28B | $1.1B | $1.27B | $1.22B | $1.27B | $1.43B | $1.43B | $1.17B |
| Other Assets | $0 | $0 | $0 | $11.12M | $21.47M | $0 | $12.59M | $0 | $0 | $0 | $0 | $0 | $0 | $995K |
| Total Assets | $1.77B | $1.56B | $1.44B | $1.25B | $1.5B | $1.31B | $1.29B | $1.11B | $1.28B | $1.23B | $1.28B | $1.44B | $1.43B | $1.17B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $330K | $370K | $1.6M | $1.84M | $2.87M | $8.01M | $1.72M | $2.16M | $3.31M | $2.8M | $5.36M | $3.59M | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | -$10.66M | $0 | -$624K | $0 | $0 | $0 | $2.07M | $370K | $231K | $20.8M |
| Total Current Liabilities | $330K | $370K | $1.6M | $1.84M | $2.87M | $8.01M | $1.72M | $2.16M | $3.31M | $2.8M | $14.17M | $10.91M | $6.92M | $22.52M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $1.8M | $2.4M | $2.98M | $3.52M | $4.03M | $4.53M | $5.01M | $5.48M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $23.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $5.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $15.08M | $15.82M | $16.73M | $205.94M | $16.99M | $16.3M | -$14.4M | $13.72M | $12.52M | $12.56M | $19.68M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $16.88M | $18.22M | $19.72M | $209.45M | $21.02M | $20.82M | $5.01M | $19.2M | $12.52M | $12.56M | $19.68M | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $16.38M | $0 | $0 | $0 | -$14.17M | $0 | $0 | $0 |
| Total Liabilities | $17.21M | $18.59M | $21.32M | $211.3M | $23.9M | $28.83M | $23.11M | $21.36M | $15.83M | $15.37M | $19.68M | $10.91M | $6.92M | $22.52M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $190.04M | $190.04M | $190.04M | $190.12M | $190.12M | $190.12M | $190.12M | $190.12M | $190.12M | $190.12M | $190.12M | $190.34M | $190.34M | $190.34M |
| Common Stock | $24.02M | $23.47M | $23.73M | $23.98M | $24.39M | $24.73M | $24.75M | $25.98M | $26.45M | $27.22M | $28.3M | $30.87M | $29.94M | $29.23M |
| Retained Earnings | $1.17B | $992.86M | $859.85M | $657.57M | $880.94M | $675.94M | $670.11M | $442.39M | -$2.61M | -$2.17M | -$93K | $606.21M | $636.8M | $391.52M |
| Comprehensive Income & Other | $0 | $4.78M | $1.53M | $175K | $1.17M | $0 | -$4.41M | $0 | $0 | $0 | $528.79M | -$5.79M | -$1.82M | $0 |
| Other Stockholders' Equity | $561.25M | $529.7M | $539.48M | $549.94M | $567.58M | $577.42M | $576.95M | $618.54M | $1.24B | $1.19B | $1.23B | $781.16M | $753.07M | $725.01M |
| Total Equity | $1.76B | $1.55B | $1.42B | $1.23B | $1.47B | $1.28B | $1.27B | $1.09B | $1.26B | $1.21B | $1.26B | $1.42B | $1.42B | $1.15B |
| Minority Interest | $0 | $0 | $0 | $0 | $4.03M | $0 | $5.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.77B | $1.56B | $1.44B | $1.44B | $1.5B | $1.31B | $1.29B | $1.11B | $1.28B | $1.23B | $1.28B | $1.43B | $1.43B | $1.17B |
| Supplementary Data | ||||||||||||||
| Total Debt | $1.8M | $2.4M | $2.98M | $3.52M | $4.03M | $4.53M | $5.01M | $5.48M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $1.39M | $2.33M | $2.87M | $3.34M | $8.06M | $4.53M | $10.02M | $2.04M | $0 | $0 | -$3.85M | -$892 | $0 | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $339.84M | $245.46M | $273.4M | -$177.27M | $293.61M | $76.97M | $296.88M | -$71.7M | $170.73M | $84.42M | -$28.41M | $83.85M | $317.96M | $151.7M |
| Depreciation & Amortization | $91K | $157K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$339.93M | -$245.61M | -$273.4M | $177.27M | -$293.61M | -$76.97M | -$296.88M | $71.7M | -$170.73M | -$84.42M | $28.41M | -$83.85M | -$317.96M | -$151.7M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $0 | $0 | $0 | $0 | $0 | $0 | $3.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $0 | $0 | $0 | $0 | $0 | $3.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |