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GAMGeneral American Investors Company, Inc.
$64.64$1.5B
Overview & Verdict
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GAM logoGeneral American Investors Company, Inc.(GAM)Earnings, Financials & Key Ratios

GAM•NYSE
$64.64
6.0× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryClosed-end funds and investment trusts
AboutGeneral 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.Show more
  • EBITDA$246M-10.2%
  • Net Income$245M-10.2%
  • EPS (Diluted)10.81-36.1%
  • Gross Margin100%+17.9%
  • EBITDA Margin97.59%-68.0%
  • Operating Margin97.53%-68.0%
  • Net Margin97.53%-68.0%
  • ROE16.53%-19.7%

GAM Price & Volume

General American Investors Company, Inc. (GAM) stock price & volume — 10-year historical chart

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Portfolio Realization Volatility Masks Asset Growth Trajectory

Investment Thesis • Updated 2025Q2

VerdictNeutral: While the firm has successfully grown its total assets to $1.7B
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Portfolio Realization Volatility

Key Thesis Takeaways

  • General American Investors Company operates as a closed-end investment vehicle where long-term value creation is driven by a $1.7B asset base, though performance remains tethered to the timing of realized capital gains.
  • While the firm maintains a disciplined overhead structure with quarterly SG&A expenses consistently between $3.3M and $3.8M, the lack of tactical cash reserves—evidenced by a low of $69,600 in 2024Q4—limits management's ability to navigate market volatility.
  • Investors should monitor the potential for forced liquidations of core holdings to satisfy tax-related distribution requirements, as the current model lacks the operational cash flow to provide a buffer against market downturns.

Verdict Logic

the current P/E of 5.75 and minimal cash reserves suggest that investors are exposed to significant liquidity risks during periods of market stress.

GAM Growth Metrics

General American Investors Company, Inc. (GAM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years26.84%
5 Years-4.08%
3 Years32.6%
TTM-

Profit CAGR

10 Years12.96%
5 Years-3.73%
3 Years-5.8%
TTM-31.53%

EPS CAGR

10 Years16.49%
5 Years-7.87%
3 Years-13.67%
TTM-52.19%

Return on Capital

10 Years8.77%
5 Years10.13%
3 Years7.9%
Last Year16.33%

GAM Recent Earnings

General American Investors Company, Inc. (GAM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
Q3 2025Latest
Aug 8, 2025
Metric
Actual
Est
EPS
$3.23
—
Rev
$6M
—
Q3 2024
Aug 5, 2024
Metric
Actual
Est
EPS
$3.06
—
Rev
$7M
—
Q2 2024
May 3, 2024
Metric
Actual
Est
EPS
$8.08
—
Rev
$42M
—
Q1 2024
Feb 16, 2024
Metric
Actual
Est
EPS
$7.98
—
Rev
$11M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q3 2025LatestAug 8, 2025
$3.23
$6M
Q3 2024Aug 5, 2024
$3.06
$7M
Q2 2024May 3, 2024
$8.08
$42M
Q1 2024Feb 16, 2024
$7.98
$11M
Based on last 12 quarters of dataView full earnings history →

Latest GAM News

Recent stock market news and headlines for General American Investors Company, Inc. (GAM)

Seeking Alpha·Jun 27, 2026
10 Best CEFs This Month: Average Yield Of Near 10% (June 2026)

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 9.8% plus yield and nearly 7.5% NAV discount. Selections emphasize sector diversification, long-term outperformance, sustainable distributions, and attractive valuations, with a focus on both equity and credit-oriented CEFs. CEFs are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

Peers Comparison

Key metrics vs top competitors for General American Investors Company, Inc. (GAM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GAM logoGAMGeneral American Investors Company, Inc.Current
$64.64$1.5B5.98180.65%97.53%16.53%—
TRI logoTRIThomson Reuters Corporation
$90.76$39.62B26.693%19.93%12.68%—
CET logoCETCentral Securities Corp.
$52.62$1.53B5.75-70.64%344.28%33.96%—
SOR logoSORSource Capital, Inc.
$46.22$380.39M9.6731.26%136.98%21.13%—
BLK logoBLKBlackRock, Inc.
$1009.43$156.46B28.5018.67%24.4%10.5%—
IVZ logoIVZInvesco Ltd.
$27.40$12.17B-17.135.11%-3.69%-1.74%—

Compare GAM vs Peers

General American Investors Company, Inc. (GAM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TRI

Most directly comparable listed peer for GAM.

Scale Benchmark

vs BLK

Larger-name benchmark to compare GAM against a more recognizable public peer.

Peer Set

Compare Top 5

vs TRI, CET, SOR, BLK

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GAM Frequently Asked Questions

General American Investors Company, Inc. (GAM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is General American Investors Company, Inc.'s revenue?

General American Investors Company, Inc. (GAM) reported $27.6M in revenue for fiscal year 2024.

How fast is General American Investors Company, Inc. growing?

General American Investors Company, Inc. (GAM) grew revenue by 180.6% over the past year. This is strong growth.

Is GAM profitable?

Yes, General American Investors Company, Inc. (GAM) is profitable, generating $201.8M in net income for fiscal year 2024 (97.5% net margin).

Dividend & Returns
What is GAM's return on equity?

General American Investors Company, Inc. (GAM) has a return on equity (ROE) of 16.5%. This is reasonable for most industries.

What if you invested $1,000 in GAM back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →