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