Watch on earnings:Net financing revenue (NFR) and net interest margin: core profitability metric, typically 3.2-3.6% on earning assetsProvision for credit losses: forward-looking reserve builds/releases, net charge-offs as % of average loans, and coverage ratio relative to nonperforming loansRetail auto originations by credit tier: prime vs. nonprime mix, average loan size ($28-32K range), and weighted average APR on new originationsAdjusted tangible book value per share: key valuation metric for bank investors, currently $38-40 per share with stock trading at 0.8x tangible bookReturn on tangible common equity (ROTCE): target of 12-15% through cycle, currently compressed at 8-10% due to elevated credit costs
Key metrics:Federal Funds Rate and forward curve: Directly impacts deposit pricing competition and new loan yields with 6-12 month lag · Manheim Used Vehicle Value Index: Leading indicator of collateral values and loss severity on repossessions, currently down 8-10% YoY from pandemic peaks · Unemployment rate and initial jobless claims: Best predictor of consumer auto loan charge-offs with 3-6 month lead time · SAAR (Seasonally Adjusted Annual Rate) for auto sales: Drives origination volume opportunity, currently 15.8-16.2 million units
⚠ Wholesale funding exposure during market stress: While 85% deposit-funded, Ally maintains $25-30B in unsecured debt and securitization facilities that could face refinancing risk or higher costs during credit market dislocations
Metric
Dec 21
Dec 22
Dec 23
Dec 24
Dec 25
Cash & Equivalents
5,062
5,571↑10.1%
6,945↑24.7%
10,292↑48.2%
10,030↓2.5%
Total Current Assets
39,173
32,162↓17.9%
27,784↓13.6%
30,543↑9.9%
147,387↑382.6%
Total Assets
182,114
191,826↑5.3%
196,329↑2.3%
191,836↓2.3%
196,002↑2.2%
Total Current Liabilities
142,352
155,539↑9.3%
159,330↑2.4%
154,594↓3.0%
163,434↑5.7%
Total Liabilities
165,064
178,967↑8.4%
182,626↑2.0%
177,933↓2.6%
180,504↑1.4%
Total Equity
17,050
12,859↓24.6%
13,703↑6.6%
13,903↑1.5%
15,498↑11.5%
Total Debt
17,204
20,298↑18.0%
20,980↑3.4%
19,231↓8.3%
21,765↑13.2%
Net Debt
12,142
14,727↑21.3%
14,035↓4.7%
8,939↓36.3%
11,735↑31.3%
Cash Flow Statement
Metric
Dec 21
Dec 22
Dec 23
Dec 24
Dec 25
Operating Cash Flow
4,042
6,247↑54.6%
4,557↓27.1%
4,528↓0.6%
3,628↓19.9%
Capital Expenditure
-5,120
-3,532↑31.0%
-2,759↑21.9%
-3,460↓25.4%
-4,275↓23.6%
Free Cash Flow
-1,078
2,715↑351.9%
1,798↓33.8%
1,068↓40.6%
-647↓160.6%
Stock-Based Comp
0
0
0
0
0
Net Change in Cash
-10,904
552↑105.1%
1,217↑120.5%
3,941↑223.8%
-1,624↓141.2%
Values in millions except EPS · Ratios shown as percentages · Click any metric to drill down