Saturday 17 October 2026
Export GS’s income statement to Excel — free account
The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $58.3 billion, up 8.92% from fiscal 2024. In the quarter to September 2026, revenue grew 23.0%, EPS grew 44.0%, free cash flow grew 5.62% and total debt rose 27.1%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years.
881.26
10.02
−1.12%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
14.54 | 29.02 | 6.55 | 10.87 | 8.40 | 6.36 | 11.40 | 16.88 | 13.95 | 16.93 |
Piotroski F-Score |
5 | 5 | 9 | 5 | 5 | 7 | 4 | 3 | 5 | 4 |
P/S ratio |
3.35 | 3.14 | 1.76 | 2.34 | 2.11 | 2.26 | 2.57 | 2.86 | 3.51 | 4.72 |
P/FCF ratio |
25.75 | 0.00 | 5.24 | 3.87 | 0.00 | 24.10 | 15.90 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
29.26 | (11.28) | 4.52 | 1.71 | 8.39 | 4.43 | (3.68) | (4.67) | 4.02 | (16.89) |
P/B ratio |
1.36 | 1.46 | 0.82 | 1.08 | 1.11 | 1.35 | 1.14 | 1.25 | 1.73 | 2.50 |
Price to Tangible BV |
1.36 | 1.46 | 0.82 | 1.08 | 1.11 | 1.35 | 1.14 | 1.25 | 1.73 | 2.50 |
EV/Sales |
(4.25) | (3.10) | (3.18) | (1.72) | (2.21) | (4.34) | (6.06) | (6.28) | (2.36) | 1.06 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.58 |
EV/Operating CF |
(20.16) | 4.95 | (7.04) | (2.63) | 5.32 | (40.86) | (32.95) | 23.09 | 9.56 | (1.37) |
EV/FCF |
(32.64) | 4.39 | (9.48) | (2.85) | 4.51 | (46.25) | (37.43) | 25.00 | 9.22 | (1.33) |
Quick Ratio |
0.84 | 0.82 | 0.77 | 0.62 | 0.62 | 0.73 | 0.73 | 0.62 | 0.53 | 0.49 |
Current Ratio |
0.92 | 0.93 | 0.93 | 0.77 | 0.75 | 0.88 | 0.90 | 0.76 | 0.68 | 0.66 |
Net Debt/EBITDA |
(20.72) | (16.61) | (13.10) | (12.06) | (13.39) | (13.47) | (25.65) | (27.12) | (15.11) | (8.86) |
Debt/Assets |
21.98% | 23.74% | 24.06% | 20.85% | 18.36% | 17.36% | 17.14% | 14.73% | 14.48% | 15.78% |
Debt/Equity |
2.18 | 2.65 | 2.49 | 2.29 | 2.23 | 2.31 | 2.11 | 2.07 | 1.99 | 2.28 |
Asset Turnover |
0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.03 | 0.03 | 0.03 |
Operating CF/Net income |
0.92 | (5.56) | 1.68 | 3.02 | (2.08) | 0.30 | 0.81 | (1.59) | (0.98) | (2.77) |
Capex/Depreciation |
(2.49) | (2.27) | (3.22) | (1.06) | (1.76) | (0.36) | (0.42) | 0.20 | (0.20) | (0.58) |
| 9.37% | 5.05% | 13.20% | 9.99% | 10.89% | 23.00% | 10.47% | 7.45% | 12.61% | 14.92% | |
| 0.82% | 0.41% | 1.07% | 0.82% | 0.83% | 1.61% | 0.74% | 0.51% | 0.82% | 0.94% | |
ROIC |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
(15.59%) | (8.30%) | (23.43%) | (5.04%) | (4.24%) | (15.64%) | (10.08%) | (2.62%) | (3.19%) | (3.42%) |
Average Days of Receivables |
780.31 | 945.54 | 722.25 | 745.11 | 993.85 | 988.32 | 1,043.78 | 1,045.55 | 912.07 | 1,163.84 |
Research and Development Expense of Revenue |
1.48% | 1.80% | 2.02% | 2.02% | 0.90% | 0.93% | 1.71% | 1.36% | 1.21% | 1.22% |
Selling, General and Administrative Expense of Revenue |
45.88% | 44.14% | 41.99% | 43.41% | 37.98% | 36.94% | 41.95% | 43.44% | 39.85% | 40.84% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
6.86% | 5.40% | 5.00% | 5.52% | 4.31% | 3.96% | 8.62% | 4.51% | 4.98% | 5.91% |
Graham Net Nets |
(2.27) | (2.55) | (4.14) | (4.26) | (4.51) | (2.90) | (2.90) | (4.11) | (3.55) | (2.77) |
Graham Number |
257.26 | 186.40 | 343.04 | 318.27 | 409.89 | 618.82 | 454.67 | 400.63 | 553.28 | 640.46 |
Earnings Yield |
6.88% | 3.45% | 15.28% | 9.20% | 11.91% | 15.72% | 8.77% | 5.92% | 7.17% | 5.91% |
Free Cash Flow Yield |
3.88% | (22.50%) | 19.09% | 25.82% | (23.27%) | 4.15% | 6.29% | (8.78%) | (7.29%) | (16.89%) |
Revenue per Share |
72.04 | 81.50 | 95.01 | 98.35 | 125.03 | 169.30 | 134.52 | 135.72 | 163.10 | 186.39 |
Operating CF per Share |
15.19 | (51.02) | 42.98 | 64.23 | (52.01) | 17.97 | 24.73 | (36.93) | (40.27) | (144.40) |
Capex per Share |
(5.81) | (6.50) | (11.08) | (4.87) | (9.37) | (2.09) | (2.96) | 2.82 | (1.46) | (4.03) |
Free Cash Flow per Share |
9.38 | (57.52) | 31.90 | 59.36 | (61.37) | 15.87 | 21.77 | (34.11) | (41.73) | (148.43) |
Cash per Share |
990.26 | 1,050.10 | 1,051.09 | 956.16 | 1,139.34 | 1,841.68 | 1,863.06 | 1,950.71 | 1,697.04 | 1,594.10 |
Shareholders Equity per Share |
203.31 | 204.79 | 234.00 | 242.91 | 269.17 | 313.63 | 332.83 | 343.03 | 371.83 | 399.65 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
203.31 | 204.79 | 234.00 | 242.91 | 269.17 | 313.63 | 332.83 | 343.03 | 371.83 | 399.65 |
Free Cash Flow |
4,010.00 | (23,099.00) | 12,293.00 | 22,057.00 | (21,874.00) | 5,564.00 | 7,666.00 | (11,625.00) | (13,690.00) | (46,415.00) |
Working Capital |
(45,454.00) | (44,404.00) | (42,080.00) | (156,810.00) | (210,107.00) | (135,225.00) | (106,755.00) | (302,157.00) | (424,626.00) | (476,798.00) |
Capital Expenditures |
(2,484.00) | (2,610.00) | (4,271.00) | (1,811.00) | (3,339.00) | (734.00) | (1,042.00) | 962.00 | (478.00) | (1,261.00) |
Net Current Asset Value |
(234,540.00) | (262,091.00) | (266,229.00) | (363,886.00) | (423,588.00) | (389,317.00) | (353,893.00) | (544,034.00) | (667,260.00) | (762,298.00) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.83 |
Capex to Sales |
0.08 | 0.08 | 0.12 | 0.05 | 0.07 | 0.01 | 0.02 | (0.02) | 0.01 | 0.02 |
Price to Operating Income |
10.02 | 9.22 | 5.16 | 8.07 | 7.53 | 4.96 | 9.04 | 12.32 | 10.21 | 12.58 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cash ROIC |
0.57% | (3.20%) | 1.71% | 3.38% | (3.06%) | 0.55% | 0.75% | (1.14%) | (1.49%) | (5.11%) |
Accounts Receivable Turnover |
0.45 | 0.43 | 0.47 | 0.50 | 0.45 | 0.42 | 0.32 | 0.35 | 0.40 | 0.36 |
Accounts Payable Turnover |
0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — |
Average Days of Payables |
24,366.30 | 22,611.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — |
Average Receivables |
68,853.50 | 75,306.00 | 78,621.50 | 73,530.00 | 97,968.00 | 141,002.00 | 148,060.50 | 133,971.50 | 133,106.00 | 159,779.50 |
Average Payables |
199,408.50 | 183,312.00 | 179,202.00 | 177,526.00 | 182,737.50 | 221,294.50 | 256,988.00 | 246,386.50 | 226,991.50 | 227,560.00 |
Average Assets |
860,780.00 | 888,470.50 | 924,286.00 | 962,382.00 | 1,077,998.00 | 1,313,508.00 | 1,452,893.50 | 1,541,696.50 | 1,658,783.00 | 1,742,646.00 |
Average Common Equity |
75,609.00 | 73,040.00 | 74,686.00 | 79,022.00 | 81,895.50 | 91,976.00 | 102,854.50 | 106,094.00 | 107,222.50 | 109,281.00 |
Columns are period end dates · fundamentals updated 14 Oct 2026