|GS Overview
GS

GOLDMAN SACHS GROUP INC

Financials • CIK: 0000886982

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Market Cap
$252.14B
P/E (TTM)
16.0x
Rev Growth (TTM)
Net Margin (TTM)
27.0%
FCF Yield (TTM)
6.3%
FCF Margin (TTM)
26.9%

LATEST EARNINGS

Q4 FY2025
about 1 month ago
View source
Revenue
$13.45B
-3.0%
Net Income
$4.62B
EPS
$14.01
+17.2%
  • Full Year 2025 Net Revenues increased 9% to $58.28 billion.
  • Full Year 2025 Net Earnings increased to $17.18 billion.
  • Diluted EPS for Full Year 2025 was $51.32, up from $40.54 in 2024.
  • Quarterly Dividend increased to $4.50 per common share.

Cash Flow Health

Free Cash Flow4/8 positive
TTM$15.8B
Q3 '25
$2.1B-59%
Q2 '25
$5.2B+114%
FCF Margin
TTM26.9%
Q3 '2514.0%-61%
Sector: 21.9%Above Avg
OCF Margin30.5%
OCF/NI1.13x
CapEx Coverage8.4x
FCF Yield6.3%
FCF Growth (2Y)
Cash Conversion Cycle
0 days
DSO: 0+DIO: DPO:

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM6.1%
Div Yield1.6%
+
Buyback (TTM)4.5%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)1.6%
FCF Payout Ratio26.1%
Free Cash Flow (TTM)$15.8B
Stock Repurchases (TTM)$11.4B
Capital Return / FCF103.5%
Est. Dividends Paid (TTM)$4.1B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
-830.8%
P25MedianP75
25th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
30.2%
Asset Turnover
0.03x
Leverage (1+D/E)
1.58x
D/E: 0.58x
DuPont: 1.6%-830.8% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
7.42x
8Q:
Invested Cap Turn
-27.49x
8Q:
CapEx Intensity
-99.3%
8Q:
CapEx/Depreciation
0.98x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 7 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024
Revenue
$58.7B
$15.2B4.1%
$14.6B3.2%
$15.1B8.6%
$13.9B9.2%
$12.7B0.3%
$12.7B10.4%
$14.2B
Operating Income
$22.6B
$5.7B7.3%
$5.3B10.0%
$5.9B5.8%
$5.6B27.9%
$4.4B4.4%
$4.2B24.4%
$5.6B
Net Income
$15.8B
$3.9B11.1%
$3.5B24.2%
$4.6B16.8%
$3.9B41.1%
$2.8B3.8%
$2.9B26.5%
$3.9B
Operating Cash Flow
$17.9B
$2.7B52.8%
$5.7B115.2%
$-37.2B179.6%
$46.8B222.9%
$-38.1B721.9%
$6.1B121.8%
$-28.0B
Free Cash Flow
$15.8B
$2.1B59.2%
$5.2B113.8%
$-37.7B181.7%
$46.2B219.9%
$-38.5B790.7%
$5.6B119.5%
$-28.5B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
16.0x
Valuation Lenses
Earnings
16.0x
vs sector
Cash Flow
4.2x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
P/E per %ROIC
ROIC: -830.8%
Shareholder Returns
Dividend
1.6%
Buyback
4.5%
Total Yield
6.1%
Market Cap$252.14B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
-1126/100
Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
12.8%
8Q:
Return on Invested Capital (ROIC)Below Avg
-8.3%
8Q:
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 30.2%
Asset Turnover: 0.03x

Earnings Quality

Cash Conversion

1.13x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin100.0%

Capital Efficiency

Invested Capital Turnover-27.49x

Working Capital

Cash Conversion Cycle0 days

Growth Quality & Momentum

Growth Rates

Revenue Growth YoY
N/A
OpInc Growth YoY
30.7%
EPS Growth YoY
N/A
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

High Quality
Profitability Cascade
Gross
100.0%
Operating
38.5%
Above Avg in sector
Net
27.0%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
-0.1 pts
FCF: 26.9% | Net: 27.0%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $97.19B
Interest Coverage
+Net cash position: $97.19B
Leverage Metrics
Debt-to-Equity
0.58x
Balance sheet risk & solvency analysis