Goldman Sachs Group Inc.

Security Brokers, Dealers & Flotation Companies

GSStrained8 of 11 basics passed

$897.69

+1.71%

Market cap $261B

$897.69

+1.71%

Market cap $261B

Goldman Sachs is a storied financial institution, founded in 1869 and best known for its role as a leading global investment bank. The firm has a sprawling reach across global financial centers and has been the leading provider of global merger and acquisition advisory services, by revenue, for the past 20 years.

It is a $261B financial services company. Revenue grew 16.5% over the last year, and it keeps 32¢ of every dollar of sales as profit. It trades at 12.4× earnings — around the middle of its own history.

Website: goldmansachs.com
Location: New York, NY
Employees: 46 200
Sector: Financial Services
Founded: 1869
Next earnings: Oct 13, 2026 · tomorrow

Share price · 3 years

$314.77 → $897.69+185.2%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $66.2B
Profit: keeps 32¢ of every $1 sold; $21.0B
Free cash flow: cash left after running the business; -$41.5B
P/E: years of profit in the price; 12.4
EPS: earnings per share, TTM; $66.04
Dividend: pays out 29% of profit · raised 10+ yrs; 2.35%
Shares: down 27% since 2016 — buybacks; 317.6M
Volatility: beta vs the market — under 1 swings less; 1.29

Revenue, last 10 years

52-week range

Low $744.60$897.69High $1 152.07

Today's price is 38% of the way from the year's low to its high.

P/E vs its history5y

12.7×median 14.3×

Higher than 39% of past days — around the middle of its own history.

Valuation vs own history

P/E

12.7×

62%

P/S

4.0×

29%

EV/EBITDA

36.9×

97%

P/B

2.1×

16%

FCF yield

6.1%

38%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Earnings

Next report Oct 13, 2026

Insider activity · 90 days

-$1.09Mnet selling

Purchases$0

Sales$1.09M

Insiders trading, last 14d0 buy · 0 sell

Standing in Financial Services

Size$261Btop 5%
Revenue growth+22%top 18%
Net margin16%top 52%
Return on equity17%top 35%
P/E12.4×top 41%
Dividend yield2.35%top 41%

Ranked against 129 Financial Services companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation, Growth, Health and Moat lag behind.

Valuation45

P/E vs own history39th pct · 20/25
FCF yield-15.9% · 0/25
P/S1.9x · 25/25
EV/EBITDA50.3x · 0/25

Growth20

Revenue CAGR-0.4% · 0/25
Net income CAGR-5.6% · 0/25
EPS CAGR ~5Y15.6% · 20/25
Fwd implied growth-5.1% · 0/25

Profitability65

ROICn/a · 0/25
ROE16.9% · 20/25
Net margin31.7% · 25/25
Operating margin19.5% · 20/25

Health25

Altman Zn/a · 0/25
Current ratio0.32 · 0/25
Interest coverageno interest expense · 25/25
Net cash / debtn/a · 0/25

Quality50

Piotroski F4/9 · 10/25
Beneish M-2.25 · 20/25
FCF conversion-198% · 0/25
Margin stabilityσ 7.4% · 20/25

Moat30

ROIC >12% yearsn/a · 0/25
Median gross marginn/a · 0/25
FCF-positive years4/10 yrs · 5/25
Worst-year net marginworst 13.4% · 25/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

2026Acquisition
Goldman Sachs acquired Innovator Capital, which managed 171 exchange-traded funds with about $31…
FY2021Financial
Revenue crossed $50B
$59.3B for the year
FY2021Financial
Best year on record
$21.6B net income
2021Acquisition
Goldman Sachs announced that it had agreed to acquire NN Investment Partners
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $10B
$30.6B in first reported year
2015Acquisition
Goldman Sachs agreed to acquire General Electric's GE Capital Bank online deposit platform,…
2000Acquisition
Goldman Sachs acquired Spear, Leeds, & Kellogg, one of the largest specialist firms on the New…
1994Product
The company launched the Goldman Sachs Commodity Index (GSCI) and opened its first office in China in Beijing
1981Acquisition
Goldman acquired Spears, Benzak Salomon & Farrell, an asset manager
1970Product
Miller, the firm opened its first international office in London in 1970 and created a private wealth management…
1928Product
The firm launched the Goldman Sachs Trading Corp., a closed-end fund
1906IPO
Goldman Sachs entered the initial public offering (IPO) market in 1906 when it underwrote the IPO of Sears
1869Founded
Goldman Sachs was founded by Marcus Goldman in New York City in a one-room basement office next to a coal…

Achievements

Verifiable track record, straight from the reported numbers.

#8 largest of 129 Financial Services companies by market cap

Raised its dividend 10+ consecutive years

$10 000 invested in 2021 would be worth ~$22 237 today — price return only

$58.3B revenue in FY2025

Revenue up 16.5% year over year

Profitable 10 years in a row

46 200 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (41.8%)
Strongly profitable — 31.7% net margin
Revenue growing 16.5% year over year

Watch-outs

Negative free cash flow (-$41.5B)

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed

Revenue growing — the company sells more than a year ago+16.5% YoY
Profitable — makes more than it spends$21.0B TTM
Profit growing — earnings are higher than last year+19.8% YoY
Generates cash — cash left after running and investing-$41.5B TTM
Debt under control — could handle its obligationscurrent ratio 0.32
Established company — not a micro-cap — lower blow-up risk$261B market cap
Not printing shares — share count not ballooning — you keep your slice-11.9% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distresshealth score 25/100
Pays a dividend — returns cash to shareholdersyield 2.35%
Valuation not extreme — price not wildly above earningsP/E 12.4

Peer comparisonGoldman Sachs Group Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
GS this company	$261.4B	12.4	+16.5%	31.7%	Strained
BRK.A Berkshire Hathaway Inc.	$1.1T	11.6	+3.9%	22.3%	Mixed
BRK.B Berkshire Hathaway	$1.1T	11.6	+0.0%	18.0%	Strong
JPM JPMorgan Chase & Co.	$886.2B	13.6	+13.5%	32.6%	Strained
V VISA Inc.	$723.9B	31.9	+14.4%	50.8%	Solid
MA Mastercard Incorporated	$516.4B	31.7	+16.0%	46.3%	Mixed
BAC Bank of America Corporation	$380.4B	11.3	+15.9%	27.8%	Mixed

Head-to-head: GS vs BRK.A · GS vs BRK.B · GS vs JPM

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 9Hold 16Strong sell 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $66.2B · net income $21.0B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

RevenueNet income

Revenue (TTM)

$66.2B

YoY 16.5%

Net income (TTM)

$21.0B

Margin 31.7%

Gross margin

41.8%

Operating margin

19.5%

P/E ratio

12.4

Dividend yield

2.35%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	44.6	59.3	47.4	46.3	53.5	58.3
Gross profit	—	—	—	—	—	—
Operating income (EBIT)	12.5	27.0	13.5	10.7	18.4	21.9
Net income	9.5	21.6	11.3	8.5	14.3	17.2
EPS (diluted)	26.25	60.81	31.45	24.63	42.79	54.08

Cash flowFree cash flow -$41.5B · operating cash flow -$39.4B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

-$41.5B

Margin -62.7%

Operating cash flow (TTM)

-$39.4B

FCF margin

-62.7%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	-13.7	0.9	8.7	-12.6	-13.2	-45.2
Capital expenditure	-6.3	-4.7	-3.7	-2.3	-2.1	-2.1
Free cash flow	-20.0	-3.7	5.0	-14.9	-15.3	-47.2
FCF margin	-45.0%	-6.3%	10.5%	-32.2%	-28.6%	-81.0%

Balance sheetAssets $1.81T · debt n/a (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $1.81T of assets is financed

93%

Liabilities $1.68T — borrowed moneyEquity $125B — owners' stake

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

ROE

16.9%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	155.8	261.0	241.8	241.6	182.1	164.3
Total assets	1 163.0	1 464.0	1 441.8	1 641.6	1 676.0	1 809.3
Total liabilities	1 067.1	1 354.1	1 324.6	1 524.7	1 554.0	1 684.3
Total debt	—	—	—	—	—	—
Equity	95.9	109.9	117.2	116.9	122.0	125.0
Net debt	—	—	—	—	—	—

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Deeper analysis of GS on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $897.69 · market cap $261B.