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The Goldman Sachs Group (GS) Financials

The Goldman Sachs Group logo
$606.18 -6.12 (-1.00%)
As of 05/20/2025 03:58 PM Eastern
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Annual Income Statements for The Goldman Sachs Group

Annual Income Statements for The Goldman Sachs Group

This table shows The Goldman Sachs Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 13,525 7,907 10,764 21,151 8,915 7,897 9,860 3,685 7,087 5,568
Consolidated Net Income / (Loss)		 14,276 8,516 11,261 21,635 9,459 8,466 10,459 4,286 7,398 6,083
Net Income / (Loss) Continuing Operations		 14,276 8,516 11,261 21,635 9,459 8,466 10,459 4,286 7,398 6,083
Total Pre-Tax Income 		18,397 10,739 13,486 27,044 12,479 10,583 12,481 11,132 10,304 8,778
Total Revenue		 53,512 46,254 47,365 59,339 44,560 36,546 36,616 32,730 30,790 33,820
Net Interest Income / (Expense)		 8,056 6,351 7,678 6,470 4,751 4,362 3,767 2,932 2,587 3,064
Total Interest Income		 81,397 68,515 29,024 12,120 13,689 21,738 19,679 13,113 9,691 8,452
Investment Securities Interest Income		 81,397 68,515 29,024 12,120 13,689 21,738 19,679 13,113 9,691 8,452
Total Interest Expense		 73,341 62,164 21,346 5,650 8,938 17,376 15,912 10,181 7,104 5,388
Long-Term Debt Interest Expense		 73,341 62,164 21,346 5,650 8,938 17,376 15,912 10,181 7,104 5,388
Total Non-Interest Income		 45,456 39,903 39,687 52,869 39,809 32,184 32,849 29,798 28,203 30,756
Trust Fees by Commissions		 14,682 13,321 13,039 11,761 10,525 9,177 9,789 8,918 8,615 9,188
Investment Banking Income		 7,738 6,218 7,360 14,136 9,100 6,798 7,430 7,076 6,273 7,027
Other Non-Interest Income		 23,036 20,364 19,288 26,972 20,184 16,209 15,630 13,804 13,315 14,541
Provision for Credit Losses		 1,348 1,028 2,715 357 3,098 1,065 674 657 182 -
Total Non-Interest Expense		 33,767 34,487 31,164 31,938 28,983 24,898 23,461 20,941 20,304 25,042
Salaries and Employee Benefits		 16,706 15,499 15,148 17,719 13,309 12,353 12,328 11,653 11,448 12,678
Net Occupancy & Equipment Expense		 2,964 2,972 2,834 2,554 2,307 2,196 1,832 1,630 1,597 1,578
Marketing Expense		 646 629 812 553 401 739 740 588 457 557
Other Operating Expenses		 11,059 10,531 9,915 9,097 11,064 7,906 7,233 5,918 5,804 9,238
Depreciation Expense		 2,392 4,856 2,455 2,015 1,902 1,704 1,328 1,152 998 991
Income Tax Expense		 4,121 2,223 2,225 5,409 3,020 2,117 2,022 6,846 2,906 2,695
Preferred Stock Dividends Declared		 751 609 497 484 544 569 599 601 311 515
Basic Earnings per Share		 $41.07 $23.05 $30.42 $60.25 $24.94 $21.18 $25.53 $9.12 $16.53 $12.35
Weighted Average Basic Shares Outstanding		 328.10M 340.80M 352.10M 350.50M 356.40M 371.60M 385.40M 401.60M 427.40M 448.90M
Diluted Earnings per Share		 $40.54 $22.87 $30.06 $59.45 $24.74 $21.03 $25.27 $9.01 $16.29 $12.14
Weighted Average Diluted Shares Outstanding		 333.60M 345.80M 358.10M 355.80M 360.30M 375.50M 390.20M 409.10M 435.10M 458.60M
Weighted Average Basic & Diluted Shares Outstanding		 312.04M 325.56M 335.42M 337.92M 345.79M 345.67M 386.20M 379.89M 398.38M 450.90M
Cash Dividends to Common per Share		 $11.50 $10.50 $9.00 $6.50 $5.00 $4.15 $3.15 $2.90 $2.60 $2.55

Quarterly Income Statements for The Goldman Sachs Group

This table shows The Goldman Sachs Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 4,583 3,923 2,780 2,891 3,931 1,867 1,882 1,071 3,087 1,185 2,962
Consolidated Net Income / (Loss)		 4,738 4,111 2,990 3,043 4,132 2,008 2,058 1,216 3,234 1,326 3,069
Net Income / (Loss) Continuing Operations		 4,738 4,111 2,990 3,043 4,132 2,008 2,058 1,216 3,234 1,326 3,069
Total Pre-Tax Income 		5,647 5,257 3,987 3,916 5,237 2,254 2,756 1,736 3,993 1,530 3,756
Total Revenue		 15,062 13,869 12,699 12,731 14,213 11,318 11,817 10,895 12,224 10,593 11,975
Net Interest Income / (Expense)		 2,895 1,583 2,623 2,242 1,608 1,339 1,547 1,684 1,781 2,074 2,043
Total Interest Income		 19,383 19,954 21,448 20,440 19,555 18,484 18,257 16,836 14,938 12,411 8,550
Investment Securities Interest Income		 19,383 19,954 21,448 20,440 19,555 18,484 18,257 16,836 14,938 12,411 8,550
Total Interest Expense		 16,488 18,371 18,825 18,198 17,947 17,145 16,710 15,152 13,157 10,337 6,507
Long-Term Debt Interest Expense		 16,488 18,371 18,825 18,198 17,947 17,145 16,710 15,152 13,157 10,337 6,507
Total Non-Interest Income		 12,167 12,286 10,076 10,489 12,605 9,979 10,270 9,211 10,443 8,519 9,932
Trust Fees by Commissions		 3,985 4,008 3,522 3,584 3,568 3,403 3,292 3,249 3,377 3,226 3,275
Investment Banking Income		 1,916 2,056 1,864 1,733 2,085 1,653 1,555 1,432 1,578 1,873 1,544
Other Non-Interest Income		 6,266 6,222 4,690 5,172 6,952 4,923 5,423 4,530 5,488 3,420 5,113
Provision for Credit Losses		 287 351 397 282 318 577 7.00 615 -171 972 515
Total Non-Interest Expense		 9,128 8,261 8,315 8,533 8,658 8,487 9,054 8,544 8,402 8,091 7,704
Salaries and Employee Benefits		 4,876 3,759 4,122 4,240 4,585 3,602 4,188 3,619 4,090 3,764 3,606
Net Occupancy & Equipment Expense		 739 763 740 744 717 771 735 735 731 742 714
Marketing Expense		 156 181 159 153 153 175 136 146 172 216 199
Other Operating Expenses		 2,851 3,060 2,673 2,750 2,576 3,159 2,483 2,450 2,439 2,642 2,519
Depreciation Expense		 506 498 621 646 627 780 1,512 1,594 970 727 666
Income Tax Expense		 909 1,146 997 873 1,105 246 698 520 759 204 687
Preferred Stock Dividends Declared		 155 188 210 152 201 141 176 145 147 141 107
Basic Earnings per Share		 $14.25 $12.15 $8.52 $8.73 $11.67 $5.57 $5.52 $3.09 $8.87 $3.39 $8.35
Weighted Average Basic Shares Outstanding		 320.80M 328.10M 324.80M 329.80M 335.60M 340.80M 338.70M 342.30M 346.60M 352.10M 352.80M
Diluted Earnings per Share		 $14.12 $11.94 $8.40 $8.62 $11.58 $5.53 $5.47 $3.08 $8.79 $3.32 $8.25
Weighted Average Diluted Shares Outstanding		 324.50M 333.60M 330.80M 335.50M 339.50M 345.80M 343.90M 347.20M 351.30M 358.10M 359.20M
Weighted Average Basic & Diluted Shares Outstanding		 306.84M 312.04M 313.91M 315.80M 322.46M 325.56M 326.11M 329.67M 332.45M 335.42M 338.63M
Cash Dividends to Common per Share		 $3.00 - $3.00 $2.75 $2.75 - $2.75 $2.50 $2.50 - $2.50

Annual Cash Flow Statements for The Goldman Sachs Group

This table details how cash moves in and out of The Goldman Sachs Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 -59,485 -248 -19,211 105,194 22,296 2,999 20,496 -11,660 28,272 18,414
Net Cash From Operating Activities		 -13,212 -12,587 8,708 6,298 -18,535 23,868 16,564 -20,489 6,494 9,481
Net Cash From Continuing Operating Activities		 -13,212 -12,587 8,708 6,298 -18,535 23,868 16,564 -20,489 6,494 9,481
Net Income / (Loss) Continuing Operations		 14,276 8,516 11,261 21,635 9,459 8,466 10,459 4,286 7,398 6,083
Consolidated Net Income / (Loss)		 14,276 8,516 11,261 21,635 9,459 8,466 10,459 4,286 7,398 6,083
Provision For Loan Losses		 1,348 1,028 2,715 357 3,098 1,065 - 657 182 -
Depreciation Expense		 2,392 4,856 2,455 2,015 1,902 1,704 1,328 1,152 998 991
Non-Cash Adjustments to Reconcile Net Income		 1,863 725 1,671 2,353 45,978 96,424 -1,325 11,842 2,665 2,663
Changes in Operating Assets and Liabilities, net		 -33,091 -27,712 -9,394 -20,062 -78,972 -83,791 6,102 -38,426 -4,749 -256
Net Cash From Investing Activities		 -49,624 -17,312 -75,960 -30,465 -34,356 -24,236 -18,820 -26,377 9,675 -18,574
Net Cash From Continuing Investing Activities		 -49,624 -17,312 -75,960 -30,465 -34,356 -24,236 -18,820 -26,377 9,675 -18,574
Purchase of Property, Leasehold Improvements and Equipment		 -2,091 -2,316 -3,748 -4,667 -6,309 -8,443 -7,982 -3,184 -2,865 -1,833
Purchase of Investment Securities		 -105,519 -45,609 -85,764 -75,432 -60,074 -40,237 -22,644 -36,798 10,642 -17,988
Sale of Property, Leasehold Improvements and Equipment		 1,613 3,278 2,706 3,933 2,970 6,632 3,711 574 381 228
Sale and/or Maturity of Investments		 56,373 27,335 10,846 45,701 29,057 17,812 8,095 13,031 1,517 1,019
Net Cash From Financing Activities		 7,323 27,800 59,602 134,738 70,380 3,367 22,752 35,206 12,103 27,507
Net Cash From Continuing Financing Activities		 7,323 27,800 59,602 134,738 70,380 3,367 22,752 35,202 12,103 27,507
Net Change in Deposits		 5,894 39,723 28,074 103,538 67,343 31,214 20,206 14,506 10,058 14,639
Issuance of Debt		 87,136 50,200 86,322 98,329 55,323 29,652 53,846 65,748 54,949 54,944
Issuance of Preferred Equity		 4,239 1,496 0.00 2,172 349 1,098 0.00 1,495 1,303 1,993
Repayment of Debt		 -76,555 -54,913 -48,175 -59,198 -48,609 -53,454 -46,725 -36,380 -46,245 -37,258
Repurchase of Preferred Equity		 -2,200 -1,000 0.00 -2,675 -361 -1,306 -685 -1,087 -1,171 -1.00
Repurchase of Common Equity		 -8,000 -5,796 -3,500 -5,200 -1,928 -5,335 -3,294 -6,772 -6,078 -4,135
Payment of Dividends		 -4,497 -4,189 -3,682 -2,725 -2,336 -2,104 -1,810 -1,769 -1,706 -1,681
Other Financing Activities, Net		 1,306 2,279 563 497 599 3,602 1,176 -539 987 -1,253
Effect of Exchange Rate Changes		 -3,972 1,851 -11,561 -5,377 4,807 - - - - -
Cash Interest Paid		 72,623 60,026 19,022 5,521 9,091 18,645 16,721 11,174 - -
Cash Income Taxes Paid		 3,673 2,389 4,555 6,195 2,754 1,266 1,271 1,425 - -

Quarterly Cash Flow Statements for The Goldman Sachs Group

This table details how cash moves in and out of The Goldman Sachs Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -14,684 27,403 -51,637 -3,059 -32,192 1,698 -31,052 41,604 -12,498 -42,426 -4,355
Net Cash From Operating Activities		 -37,230 46,766 -38,060 6,120 -28,038 -28,358 -25,534 31,901 9,404 -33,162 16,010
Net Cash From Continuing Operating Activities		 -37,230 46,766 -38,060 6,120 -28,038 -28,358 -25,534 31,901 9,404 -33,162 16,010
Net Income / (Loss) Continuing Operations		 4,738 4,111 2,990 3,043 4,132 2,008 2,058 1,216 3,234 1,326 3,069
Consolidated Net Income / (Loss)		 4,738 4,111 2,990 3,043 4,132 2,008 2,058 1,216 3,234 1,326 3,069
Provision For Loan Losses		 287 351 397 282 318 577 7.00 615 -171 972 515
Depreciation Expense		 506 498 621 646 627 780 1,512 1,594 970 727 666
Non-Cash Adjustments to Reconcile Net Income		 2,571 -19,687 19,562 84 1,904 -166,606 165,908 -194 1,617 -2,140 -53,492
Changes in Operating Assets and Liabilities, net		 -45,332 61,493 -61,630 2,065 -35,019 134,883 -195,019 28,670 3,754 -34,047 65,252
Net Cash From Investing Activities		 -22,747 -7,115 -29,286 -5,243 -7,980 -3,342 -8,033 -3,959 -1,978 -6,292 -14,159
Net Cash From Continuing Investing Activities		 -22,747 -7,115 -29,286 -5,243 -7,980 -3,342 -8,033 -3,959 -1,978 -6,292 -14,159
Purchase of Property, Leasehold Improvements and Equipment		 -499 -586 -466 -542 -497 -546 -507 -666 -597 -754 -990
Purchase of Investment Securities		 -52,377 -18,333 -37,978 -20,040 -29,168 -18,424 -11,035 -6,186 -9,964 -9,738 -16,618
Sale of Property, Leasehold Improvements and Equipment		 145 461 305 448 399 2,127 489 245 417 1,434 333
Sale and/or Maturity of Investments		 29,984 11,343 8,853 18,513 17,664 13,501 3,020 2,648 8,166 2,766 3,116
Net Cash From Financing Activities		 42,826 -7,817 10,340 -2,371 7,171 28,016 6,442 13,886 -20,544 -9,576 1,621
Net Cash From Continuing Financing Activities		 42,826 -7,817 10,340 -2,371 7,171 28,016 6,442 13,886 -20,544 -9,576 1,621
Net Change in Deposits		 36,332 -9,258 10,480 -7,474 12,146 23,853 4,896 22,416 -11,442 -11,100 6,368
Issuance of Debt		 29,054 32,720 17,959 14,152 22,305 19,209 11,106 3,131 16,754 12,752 19,100
Issuance of Preferred Equity		 1,895 - 1,995 - - - 1,496 - - - -
Repayment of Debt		 -18,029 -27,219 -18,735 -6,868 -23,733 -14,111 -8,576 -10,215 -22,011 -8,755 -22,236
Repurchase of Common Equity		 -4,360 -2,000 -1,000 -3,500 -1,500 -1,000 -1,500 -750 -2,546 -1,500 -1,000
Payment of Dividends		 -1,115 -1,153 -1,169 -1,052 -1,123 -1,065 -1,099 -1,012 -1,013 -1,013 -997
Other Financing Activities, Net		 -951 593 810 827 -924 1,130 1,119 316 -286 40 386
Effect of Exchange Rate Changes		 2,467 -4,431 5,369 -1,565 -3,345 5,382 -3,927 -224 620 6,604 -7,827
Cash Interest Paid		 15,954 18,864 18,860 17,994 16,905 16,840 15,609 14,495 13,082 9,140 6,144
Cash Income Taxes Paid		 636 863 746 1,539 525 574 299 1,057 459 1,509 1,446

Annual Balance Sheets for The Goldman Sachs Group

This table presents The Goldman Sachs Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets		 1,675,972 1,641,594 1,441,799 1,463,988 1,163,028 992,968 931,796 916,776 860,165 861,395
Cash and Due from Banks		 182,092 241,577 241,825 261,036 155,842 133,546 130,547 110,051 121,711 93,439
Federal Funds Sold		 180,062 223,805 225,117 205,703 108,060 85,691 139,258 120,822 116,925 134,308
Trading Account Securities		 923,371 796,381 490,286 554,687 535,790 491,403 415,480 506,836 480,552 491,140
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets		 390,447 379,831 484,571 442,562 247,221 282,328 148,674 113,134 43,525 50,671
Total Liabilities & Shareholders' Equity		 1,675,972 1,641,594 1,441,799 1,463,988 1,163,028 992,968 931,796 916,776 860,165 861,395
Total Liabilities		 1,553,976 1,524,689 1,324,610 1,354,062 1,067,096 902,703 841,611 834,533 656,129 659,419
Non-Interest Bearing Deposits		 433,013 428,417 386,665 364,227 259,962 190,019 158,257 138,604 124,098 97,519
Short-Term Debt		 567,344 556,560 433,355 464,769 370,099 340,860 299,460 309,809 299,536 339,218
Long-Term Debt		 326,844 315,554 291,811 319,141 260,857 241,338 257,390 257,268 218,133 203,789
Other Long-Term Liabilities		 226,775 224,158 212,779 205,925 176,178 130,486 126,504 128,852 14,362 18,893
Commitments & Contingencies		 0.00 0.00 0.00 - - - - - - -
Total Equity & Noncontrolling Interests		 121,996 116,905 117,189 109,926 95,932 90,265 90,185 82,243 86,893 86,728
Total Preferred & Common Equity		 121,996 116,905 117,189 109,926 95,932 90,265 90,185 82,243 86,893 86,728
Preferred Stock		 13,253 11,203 10,703 10,703 11,203 11,203 11,203 11,853 11,203 11,200
Total Common Equity		 108,743 105,702 106,486 99,223 84,729 79,062 78,982 70,390 75,690 75,528
Common Stock		 61,385 60,256 59,059 56,405 55,688 54,892 54,014 53,366 52,647 51,349
Retained Earnings		 153,412 143,688 139,372 131,811 112,947 106,465 100,100 91,519 89,039 83,386
Treasury Stock		 -108,500 -100,445 -94,631 -91,136 -85,940 -84,006 -78,670 -75,392 -68,694 -62,640
Accumulated Other Comprehensive Income / (Loss)		 -2,702 -2,918 -3,010 -2,068 -1,434 -1,484 693 -1,880 -1,216 -718
Other Equity Adjustments		 5,148 5,121 5,696 4,211 3,468 3,195 2,845 2,777 3,914 4,151

Quarterly Balance Sheets for The Goldman Sachs Group

This table presents The Goldman Sachs Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets		 1,766,181 1,675,972 1,728,080 1,653,313 1,698,440 1,641,594 1,577,153 1,571,386 1,538,349 1,441,799 1,555,994
Cash and Due from Banks		 167,408 182,092 154,689 206,326 209,385 241,577 239,879 270,931 229,327 241,825 284,251
Federal Funds Sold		 186,365 180,062 212,156 198,626 231,918 223,805 190,695 199,864 202,151 225,117 182,502
Trading Account Securities		 977,244 923,371 806,048 726,602 722,631 796,381 644,985 588,768 610,572 490,286 707,906
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets		 435,164 390,447 555,187 521,759 534,506 379,831 501,594 511,823 496,299 484,571 381,335
Total Liabilities & Shareholders' Equity		 1,766,181 1,675,972 1,728,080 1,653,313 1,698,440 1,641,594 1,577,153 1,571,386 1,538,349 1,441,799 1,555,994
Total Liabilities		 1,641,881 1,553,976 1,606,880 1,533,850 1,579,894 1,524,689 1,459,876 1,454,893 1,420,840 1,324,610 1,436,704
Non-Interest Bearing Deposits		 471,134 433,013 445,311 433,105 440,662 428,417 402,962 398,853 375,531 386,665 394,733
Short-Term Debt		 573,770 567,344 587,343 557,894 602,744 556,560 548,030 550,882 528,291 433,355 489,997
Long-Term Debt		 343,995 326,844 335,875 321,690 315,232 315,554 293,678 292,259 305,624 291,811 299,382
Other Long-Term Liabilities		 252,982 226,775 238,351 221,161 221,256 224,158 215,206 212,899 211,394 212,779 252,592
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - - 0.00 -
Total Equity & Noncontrolling Interests		 124,300 121,996 121,200 119,463 118,546 116,905 117,277 116,493 117,509 117,189 119,290
Total Preferred & Common Equity		 124,300 121,996 121,200 119,463 118,546 116,905 117,277 116,493 117,509 117,189 119,290
Preferred Stock		 15,153 13,253 13,253 12,753 11,203 11,203 11,203 10,703 10,703 10,703 10,703
Total Common Equity		 109,147 108,743 107,947 106,710 107,343 105,702 106,074 105,790 106,806 106,486 108,587
Common Stock		 61,841 61,385 61,381 61,359 61,323 60,256 60,242 60,215 60,152 59,059 59,040
Retained Earnings		 157,019 153,412 150,454 148,652 146,690 143,688 142,743 141,798 141,591 139,372 139,067
Treasury Stock		 -112,843 -108,500 -106,475 -105,459 -101,917 -100,445 -99,429 -97,917 -97,159 -94,631 -93,127
Accumulated Other Comprehensive Income / (Loss)		 -2,069 -2,702 -2,503 -2,900 -3,317 -2,918 -2,599 -3,237 -2,601 -3,010 -1,872
Other Equity Adjustments		 5,199 5,148 5,090 5,058 4,564 5,121 5,117 4,931 4,823 5,696 5,479

Annual Metrics And Ratios for The Goldman Sachs Group

This table displays calculated financial ratios and metrics derived from The Goldman Sachs Group's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 15.69% -2.35% -20.18% 33.17% 21.93% -0.19% 11.87% 6.30% -8.96% -2.05%
EBITDA Growth		 33.31% -2.17% -45.14% 102.07% 17.04% -11.02% 12.41% 8.69% 15.69% -28.66%
EBIT Growth		 71.31% -20.37% -50.13% 116.72% 17.92% -15.21% 12.12% 8.04% 17.38% -28.96%
NOPAT Growth		 67.64% -24.38% -47.95% 128.72% 11.73% -19.06% 144.03% -42.07% 21.62% -28.24%
Net Income Growth		 67.64% -24.38% -47.95% 128.72% 11.73% -19.06% 144.03% -42.07% 21.62% -28.24%
EPS Growth		 77.26% -23.92% -49.44% 140.30% 17.64% -16.78% 180.47% -44.69% 34.18% -28.88%
Operating Cash Flow Growth		 -4.97% -244.55% 38.27% 133.98% -177.66% 44.10% 180.84% -415.51% -31.51% 219.53%
Free Cash Flow Firm Growth		 90.67% -320.18% 143.18% -223.16% -165.10% -233.10% -83.38% 149.94% 70.55% -76.41%
Invested Capital Growth		 2.75% 17.41% -5.76% 22.97% 8.09% 3.93% -0.35% -10.03% -3.12% -1.57%
Revenue Q/Q Growth		 5.01% 1.59% -4.14% 1.54% 4.18% 5.41% -1.11% 0.43% 3.63% -1.21%
EBITDA Q/Q Growth		 15.06% 5.24% -16.96% -1.78% 29.24% -2.38% -9.69% -3.06% 25.65% -18.41%
EBIT Q/Q Growth		 19.51% 7.23% -20.58% -1.87% 34.78% -3.53% -10.79% -4.06% 29.14% -19.59%
NOPAT Q/Q Growth		 17.28% 8.71% -18.81% -2.57% 37.69% -6.83% 74.52% -49.94% 27.20% -18.72%
Net Income Q/Q Growth		 17.28% 8.71% -18.81% -2.57% 37.69% -6.83% 74.52% -49.94% 27.20% -18.72%
EPS Q/Q Growth		 18.78% 10.70% -20.14% -2.01% 42.68% -5.99% 79.22% -52.90% 29.29% -20.13%
Operating Cash Flow Q/Q Growth		 85.04% 27.62% -87.93% 149.32% -192.26% 303.67% 344.13% -160.84% -47.12% 96.50%
Free Cash Flow Firm Q/Q Growth		 82.41% -225.19% 490.82% 15.03% -542.93% -420.79% -88.73% 331.21% -13.08% 45.75%
Invested Capital Q/Q Growth		 -2.70% 3.13% -7.30% 1.72% 6.03% -2.37% -4.35% -17.13% -2.71% -3.41%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 38.85% 33.72% 33.66% 48.97% 32.27% 33.62% 37.71% 37.53% 36.71% 28.89%
EBIT Margin		 34.38% 23.22% 28.47% 45.58% 28.00% 28.96% 34.09% 34.01% 33.47% 25.96%
Profit (Net Income) Margin		 26.68% 18.41% 23.77% 36.46% 21.23% 23.17% 28.56% 13.10% 24.03% 17.99%
Tax Burden Percent		 77.60% 79.30% 83.50% 80.00% 75.80% 80.00% 83.80% 38.50% 71.80% 69.30%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 22.40% 20.70% 16.50% 20.00% 24.20% 20.00% 16.20% 61.50% 28.20% 30.70%
Return on Invested Capital (ROIC)		 1.42% 0.93% 1.30% 2.67% 1.35% 1.28% 1.61% 0.63% 1.01% 0.81%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.42% 0.93% 1.30% 2.67% 1.35% 1.28% 1.61% 0.63% 1.01% 0.81%
Return on Net Nonoperating Assets (RNNOA)		 10.53% 6.35% 8.62% 18.35% 8.81% 8.10% 10.52% 4.44% 7.51% 6.37%
Return on Equity (ROE)		 11.95% 7.28% 9.92% 21.02% 10.16% 9.38% 12.13% 5.07% 8.52% 7.18%
Cash Return on Invested Capital (CROIC)		 -1.29% -15.09% 7.23% -17.93% -6.43% -2.57% 1.97% 11.18% 4.18% 2.40%
Operating Return on Assets (OROA)		 1.11% 0.70% 0.93% 2.06% 1.16% 1.10% 1.35% 1.25% 1.20% 1.02%
Return on Assets (ROA)		 0.86% 0.55% 0.78% 1.65% 0.88% 0.88% 1.13% 0.48% 0.86% 0.71%
Return on Common Equity (ROCE)		 10.73% 6.59% 8.98% 18.78% 8.94% 8.22% 10.51% 4.38% 7.42% 6.31%
Return on Equity Simple (ROE_SIMPLE)		 11.70% 7.28% 9.61% 19.68% 9.86% 9.38% 11.60% 5.21% 8.51% 7.01%
Net Operating Profit after Tax (NOPAT)		 14,276 8,516 11,261 21,635 9,459 8,466 10,459 4,286 7,398 6,083
NOPAT Margin		 26.68% 18.41% 23.77% 36.46% 21.23% 23.17% 28.56% 13.10% 24.03% 17.99%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 37.97% 41.29% 39.68% 35.10% 35.94% 41.83% 40.69% 42.38% 43.85% 43.80%
Operating Expenses to Revenue		 63.10% 74.56% 65.80% 53.82% 65.04% 68.13% 64.07% 63.98% 65.94% 74.04%
Earnings before Interest and Taxes (EBIT)		 18,397 10,739 13,486 27,044 12,479 10,583 12,481 11,132 10,304 8,778
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 20,789 15,595 15,941 29,059 14,381 12,287 13,809 12,284 11,302 9,769
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.65 1.16 1.03 1.20 0.98 0.92 0.69 1.18 1.07 0.86
Price to Tangible Book Value (P/TBV)		 1.65 1.16 1.03 1.20 0.98 0.92 0.69 1.18 1.07 0.86
Price to Revenue (P/Rev)		 3.36 2.66 2.32 2.01 1.87 1.99 1.49 2.54 2.64 1.91
Price to Earnings (P/E)		 13.29 15.53 10.22 5.64 9.32 9.22 5.52 22.54 11.47 11.61
Dividend Yield		 2.01% 2.79% 2.77% 1.82% 2.07% 2.02% 2.15% 1.32% 1.27% 1.68%
Earnings Yield		 7.52% 6.44% 9.78% 17.72% 10.73% 10.84% 18.11% 4.44% 8.72% 8.62%
Enterprise Value to Invested Capital (EV/IC)		 0.71 0.55 0.45 0.50 0.63 0.66 0.55 0.66 0.51 0.53
Enterprise Value to Revenue (EV/Rev)		 13.55 11.69 8.00 7.54 10.35 12.23 9.63 13.17 12.07 11.56
Enterprise Value to EBITDA (EV/EBITDA)		 34.88 34.68 23.77 15.39 32.08 36.38 25.54 35.10 32.87 40.03
Enterprise Value to EBIT (EV/EBIT)		 39.41 50.36 28.10 16.54 36.97 42.24 28.26 38.73 36.06 44.55
Enterprise Value to NOPAT (EV/NOPAT)		 50.79 63.50 33.65 20.67 48.78 52.80 33.72 100.59 50.22 64.29
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 43.52 71.01 0.00 18.73 21.29 0.00 57.21 41.25
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 6.04 0.00 0.00 0.00 27.68 5.62 12.11 21.74
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 7.33 7.46 6.19 7.13 6.58 6.45 6.17 6.90 5.96 6.26
Long-Term Debt to Equity		 2.68 2.70 2.49 2.90 2.72 2.67 2.85 3.13 2.51 2.35
Financial Leverage		 7.39 6.82 6.64 6.87 6.52 6.31 6.52 7.11 7.45 7.86
Leverage Ratio		 13.89 13.17 12.79 12.76 11.58 10.67 10.72 10.51 9.92 10.13
Compound Leverage Factor		 13.89 13.17 12.79 12.76 11.58 10.67 10.72 10.51 9.92 10.13
Debt to Total Capital		 87.99% 88.18% 86.09% 87.70% 86.80% 86.58% 86.06% 87.33% 85.63% 86.23%
Short-Term Debt to Total Capital		 55.83% 56.27% 51.45% 52.00% 50.92% 50.69% 46.28% 47.71% 49.55% 53.87%
Long-Term Debt to Total Capital		 32.16% 31.91% 34.64% 35.70% 35.89% 35.89% 39.78% 39.62% 36.08% 32.36%
Preferred Equity to Total Capital		 1.30% 1.13% 1.27% 1.20% 1.54% 1.67% 1.73% 1.83% 1.85% 1.78%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 10.70% 10.69% 12.64% 11.10% 11.66% 11.76% 12.21% 10.84% 12.52% 11.99%
Debt to EBITDA		 43.01 55.92 45.49 26.98 43.87 47.38 40.33 46.16 45.80 55.58
Net Debt to EBITDA		 25.59 26.08 16.20 10.91 25.52 29.54 20.79 27.37 24.69 32.27
Long-Term Debt to EBITDA		 15.72 20.23 18.31 10.98 18.14 19.64 18.64 20.94 19.30 20.86
Debt to NOPAT		 62.64 102.41 64.40 36.23 66.70 68.77 53.24 132.31 69.97 89.27
Net Debt to NOPAT		 37.27 47.76 22.93 14.66 38.80 42.87 27.44 78.44 37.72 51.83
Long-Term Debt to NOPAT		 22.89 37.05 25.91 14.75 27.58 28.51 24.61 60.03 29.49 33.50
Noncontrolling Interest Sharing Ratio		 10.24% 9.36% 9.43% 10.64% 12.03% 12.42% 13.37% 13.63% 12.90% 12.03%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -12,889 -138,148 62,742 -145,313 -44,966 -16,962 12,744 76,671 30,676 17,987
Operating Cash Flow to CapEx		 -2,764.02% 0.00% 835.70% 858.04% -555.11% 1,317.95% 387.82% -785.02% 261.43% 590.72%
Free Cash Flow to Firm to Interest Expense		 -0.18 -2.22 2.94 -25.72 -5.03 -0.98 0.80 7.53 4.32 3.34
Operating Cash Flow to Interest Expense		 -0.18 -0.20 0.41 1.11 -2.07 1.37 1.04 -2.01 0.91 1.76
Operating Cash Flow Less CapEx to Interest Expense		 -0.19 -0.19 0.36 0.98 -2.45 1.27 0.77 -2.27 0.56 1.46
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.05 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,016,184 989,019 842,355 893,836 726,888 672,463 647,035 649,320 721,705 744,983
Invested Capital Turnover		 0.05 0.05 0.05 0.07 0.06 0.06 0.06 0.05 0.04 0.05
Increase / (Decrease) in Invested Capital		 27,165 146,664 -51,481 166,948 54,425 25,428 -2,285 -72,385 -23,278 -11,904
Enterprise Value (EV)		 725,038 540,764 378,970 447,250 461,369 446,986 352,705 431,130 371,525 391,085
Market Capitalization		 179,751 122,829 110,043 119,376 83,112 72,822 54,457 83,073 81,289 64,625
Book Value per Share		 $346.41 $324.13 $314.46 $296.37 $246.26 $223.28 $212.33 $186.61 $190.34 $177.07
Tangible Book Value per Share		 $346.41 $324.13 $314.46 $296.37 $246.26 $223.28 $212.33 $186.61 $190.34 $177.07
Total Capital		 1,016,184 989,019 842,355 893,836 726,888 672,463 647,035 649,320 604,562 629,735
Total Debt		 894,188 872,114 725,166 783,910 630,956 582,198 556,850 567,077 517,669 543,007
Total Long-Term Debt		 326,844 315,554 291,811 319,141 260,857 241,338 257,390 257,268 218,133 203,789
Net Debt		 532,034 406,732 258,224 317,171 367,054 362,961 287,045 336,204 279,033 315,260
Capital Expenditures (CapEx)		 478 -962 1,042 734 3,339 1,811 4,271 2,610 2,484 1,605
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 894,188 872,114 725,166 783,910 630,956 582,198 556,850 567,077 634,812 658,255
Total Depreciation and Amortization (D&A)		 2,392 4,856 2,455 2,015 1,902 1,704 1,328 1,152 998 991
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $41.07 $23.05 $30.42 $60.25 $24.94 $21.18 $25.53 $9.12 $16.53 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 328.10M 340.80M 352.10M 350.50M 356.40M 371.60M 385.40M 401.60M 427.40M 0.00
Adjusted Diluted Earnings per Share		 $40.54 $22.87 $30.06 $59.45 $24.74 $21.03 $25.27 $9.01 $16.29 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 333.60M 345.80M 358.10M 355.80M 360.30M 375.50M 390.20M 409.10M 435.10M 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 312.04M 325.56M 335.42M 337.92M 345.79M 345.67M 368.27M 379.89M 398.38M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 14,276 8,516 11,261 21,635 9,459 8,466 10,459 7,792 7,398 6,083
Normalized NOPAT Margin		 26.68% 18.41% 23.77% 36.46% 21.23% 23.17% 28.56% 23.81% 24.03% 17.99%
Pre Tax Income Margin		 34.38% 23.22% 28.47% 45.58% 28.00% 28.96% 34.09% 34.01% 33.47% 25.96%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.25 0.17 0.63 4.79 1.40 0.61 0.78 1.09 1.45 1.63
NOPAT to Interest Expense		 0.19 0.14 0.53 3.83 1.06 0.49 0.66 0.42 1.04 1.13
EBIT Less CapEx to Interest Expense		 0.24 0.19 0.58 4.66 1.02 0.50 0.52 0.84 1.10 1.33
NOPAT Less CapEx to Interest Expense		 0.19 0.15 0.48 3.70 0.68 0.38 0.39 0.16 0.69 0.83
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 31.50% 49.19% 32.70% 12.60% 24.70% 24.85% 17.31% 41.27% 23.06% 27.63%
Augmented Payout Ratio		 87.54% 117.25% 63.78% 36.63% 45.08% 87.87% 48.80% 199.28% 105.22% 95.61%

Quarterly Metrics And Ratios for The Goldman Sachs Group

This table displays calculated financial ratios and metrics derived from The Goldman Sachs Group's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.97% 22.54% 7.46% 16.85% 16.27% 6.84% -1.32% -8.17% -5.48% -16.19% -12.00%
EBITDA Growth		 4.93% 89.68% 7.97% 37.00% 18.15% 34.43% -3.48% -19.06% -3.59% -59.06% -39.84%
EBIT Growth		 7.83% 133.23% 44.67% 125.58% 31.15% 47.32% -26.62% -51.02% -14.24% -69.55% -45.10%
NOPAT Growth		 14.67% 104.73% 45.29% 150.25% 27.77% 51.43% -32.94% -58.46% -17.90% -66.30% -42.93%
Net Income Growth		 14.67% 104.73% 45.29% 150.25% 27.77% 51.43% -32.94% -58.46% -17.90% -66.30% -42.93%
EPS Growth		 21.93% 115.91% 53.56% 179.87% 31.74% 66.57% -33.70% -60.16% -18.31% -69.54% -44.74%
Operating Cash Flow Growth		 -32.78% 264.91% -49.06% -80.82% -398.15% 14.49% -259.49% -29.72% 148.14% -209.54% 140.78%
Free Cash Flow Firm Growth		 99.01% 84.06% -70.84% -50.38% -2,506.84% -373.93% -79.70% 66.67% 102.16% 132.39% 85.70%
Invested Capital Growth		 0.53% 2.75% 8.91% 4.11% 8.94% 17.41% 5.54% 2.72% -0.01% -5.76% 3.41%
Revenue Q/Q Growth		 8.60% 9.21% -0.25% -10.43% 25.58% -4.22% 8.46% -10.87% 15.40% -11.54% 0.94%
EBITDA Q/Q Growth		 6.92% 24.89% 1.01% -22.20% 93.28% -28.91% 28.17% -32.90% 119.89% -48.96% 7.49%
EBIT Q/Q Growth		 7.42% 31.85% 1.81% -25.22% 132.34% -18.21% 58.76% -56.52% 160.98% -59.27% 5.98%
NOPAT Q/Q Growth		 15.25% 37.49% -1.74% -26.36% 105.78% -2.43% 69.24% -62.40% 143.89% -56.79% 4.85%
Net Income Q/Q Growth		 15.25% 37.49% -1.74% -26.36% 105.78% -2.43% 69.24% -62.40% 143.89% -56.79% 4.85%
EPS Q/Q Growth		 18.26% 42.14% -2.55% -25.56% 109.40% 1.10% 77.60% -64.96% 164.76% -59.76% 6.73%
Operating Cash Flow Q/Q Growth		 -179.61% 222.87% -721.90% 121.83% 1.13% -11.06% -180.04% 239.23% 128.36% -307.13% -64.73%
Free Cash Flow Firm Q/Q Growth		 96.51% 72.04% -126.68% 55.08% 44.03% -199.76% -99.54% -818.94% -93.63% 296.64% 62.99%
Invested Capital Q/Q Growth		 2.55% -2.70% 4.54% -3.62% 4.80% 3.13% -0.07% 0.86% 12.95% -7.30% -2.74%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 40.85% 41.50% 36.29% 35.83% 41.26% 26.81% 36.12% 30.56% 40.60% 21.31% 36.93%
EBIT Margin		 37.49% 37.90% 31.40% 30.76% 36.85% 19.92% 23.32% 15.93% 32.67% 14.44% 31.37%
Profit (Net Income) Margin		 31.46% 29.64% 23.55% 23.90% 29.07% 17.74% 17.42% 11.16% 26.46% 12.52% 25.63%
Tax Burden Percent		 83.90% 78.20% 74.99% 77.71% 78.90% 89.09% 74.67% 70.05% 80.99% 86.67% 81.71%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 16.10% 21.80% 25.01% 22.29% 21.10% 10.91% 25.33% 29.95% 19.01% 13.33% 18.29%
Return on Invested Capital (ROIC)		 1.65% 1.58% 1.20% 1.22% 1.41% 0.90% 0.85% 0.54% 1.30% 0.68% 1.42%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.65% 1.58% 1.20% 1.22% 1.41% 0.90% 0.85% 0.54% 1.30% 0.68% 1.42%
Return on Net Nonoperating Assets (RNNOA)		 12.44% 11.70% 8.87% 8.92% 10.47% 6.11% 5.85% 3.81% 9.31% 4.54% 9.81%
Return on Equity (ROE)		 14.08% 13.28% 10.06% 10.15% 11.88% 7.01% 6.70% 4.35% 10.61% 5.22% 11.23%
Cash Return on Invested Capital (CROIC)		 0.90% -1.29% -7.31% -2.88% -7.61% -15.09% -4.55% -1.75% 1.12% 7.23% -1.80%
Operating Return on Assets (OROA)		 1.18% 1.22% 0.97% 0.96% 1.10% 0.60% 0.68% 0.46% 0.97% 0.47% 1.03%
Return on Assets (ROA)		 0.99% 0.96% 0.73% 0.74% 0.87% 0.53% 0.51% 0.32% 0.79% 0.41% 0.84%
Return on Common Equity (ROCE)		 12.55% 11.92% 9.03% 9.14% 10.78% 6.36% 6.08% 3.95% 9.63% 4.73% 10.20%
Return on Equity Simple (ROE_SIMPLE)		 11.97% 0.00% 10.04% 9.41% 7.94% 0.00% 6.68% 7.59% 8.98% 0.00% 11.63%
Net Operating Profit after Tax (NOPAT)		 4,738 4,111 2,990 3,043 4,132 2,008 2,058 1,216 3,234 1,326 3,069
NOPAT Margin		 31.46% 29.64% 23.55% 23.90% 29.07% 17.74% 17.42% 11.16% 26.46% 12.52% 25.63%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 38.32% 33.91% 39.54% 40.35% 38.38% 40.18% 42.81% 41.30% 40.85% 44.58% 37.74%
Operating Expenses to Revenue		 60.60% 59.56% 65.48% 67.03% 60.92% 74.99% 76.62% 78.42% 68.73% 76.38% 64.33%
Earnings before Interest and Taxes (EBIT)		 5,647 5,257 3,987 3,916 5,237 2,254 2,756 1,736 3,993 1,530 3,756
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 6,153 5,755 4,608 4,562 5,864 3,034 4,268 3,330 4,963 2,257 4,422
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.56 1.65 1.45 1.37 0.00 1.16 0.98 0.98 0.99 1.03 0.88
Price to Tangible Book Value (P/TBV)		 1.56 1.65 1.45 1.37 0.00 1.16 0.98 0.98 0.99 1.03 0.88
Price to Revenue (P/Rev)		 3.14 3.36 3.07 2.91 0.00 2.66 2.28 2.28 2.27 2.32 1.92
Price to Earnings (P/E)		 12.02 13.29 13.63 13.80 0.00 15.53 14.37 12.54 10.55 10.22 7.10
Dividend Yield		 2.15% 2.01% 2.27% 2.43% 2.59% 2.79% 3.26% 3.19% 3.01% 2.77% 3.05%
Earnings Yield		 8.32% 7.52% 7.34% 7.25% 0.00% 6.44% 6.96% 7.98% 9.48% 9.78% 14.08%
Enterprise Value to Invested Capital (EV/IC)		 0.72 0.71 0.70 0.63 0.00 0.55 0.55 0.51 0.55 0.45 0.47
Enterprise Value to Revenue (EV/Rev)		 13.79 13.55 14.25 12.64 0.00 11.69 11.56 10.66 11.12 8.00 8.67
Enterprise Value to EBITDA (EV/EBITDA)		 35.56 34.88 40.18 35.72 0.00 34.68 35.51 32.54 32.93 23.77 22.32
Enterprise Value to EBIT (EV/EBIT)		 39.86 39.41 47.16 44.71 0.00 50.36 52.54 44.23 40.46 28.10 25.23
Enterprise Value to NOPAT (EV/NOPAT)		 50.37 50.79 59.64 56.33 0.00 63.50 67.16 55.08 49.15 33.65 30.89
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20.17 13.78 43.52 5.94
Enterprise Value to Free Cash Flow (EV/FCFF)		 80.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 48.55 6.04 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 7.38 7.33 7.62 7.36 7.74 7.46 7.18 7.24 7.10 6.19 6.62
Long-Term Debt to Equity		 2.77 2.68 2.77 2.69 2.66 2.70 2.50 2.51 2.60 2.49 2.51
Financial Leverage		 7.56 7.39 7.40 7.30 7.42 6.82 6.89 7.08 7.18 6.64 6.92
Leverage Ratio		 14.27 13.89 13.86 13.67 13.71 13.17 13.24 13.54 13.44 12.79 13.30
Compound Leverage Factor		 14.27 13.89 13.86 13.67 13.71 13.17 13.24 13.54 13.44 12.79 13.30
Debt to Total Capital		 88.07% 87.99% 88.40% 88.04% 88.56% 88.18% 87.77% 87.86% 87.65% 86.09% 86.87%
Short-Term Debt to Total Capital		 55.06% 55.83% 56.24% 55.84% 58.15% 56.27% 57.15% 57.41% 55.53% 51.45% 53.92%
Long-Term Debt to Total Capital		 33.01% 32.16% 32.16% 32.20% 30.41% 31.91% 30.62% 30.46% 32.12% 34.64% 32.95%
Preferred Equity to Total Capital		 1.45% 1.30% 1.27% 1.28% 1.08% 1.13% 1.17% 1.12% 1.12% 1.27% 1.18%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 10.47% 10.70% 10.34% 10.68% 10.36% 10.69% 11.06% 11.02% 11.23% 12.64% 11.95%
Debt to EBITDA		 43.54 43.01 51.10 49.62 55.65 55.92 56.80 56.31 52.93 45.49 41.12
Net Debt to EBITDA		 26.76 25.59 30.79 26.77 28.90 26.08 27.75 24.87 25.54 16.20 16.81
Long-Term Debt to EBITDA		 16.32 15.72 18.59 18.15 19.11 20.23 19.82 19.52 19.40 18.31 15.60
Debt to NOPAT		 61.67 62.64 75.84 78.25 97.51 102.41 107.44 95.32 79.00 64.40 56.91
Net Debt to NOPAT		 37.90 37.27 45.71 42.22 50.63 47.76 52.48 42.10 38.12 22.93 23.26
Long-Term Debt to NOPAT		 23.11 22.89 27.59 28.62 33.49 37.05 37.49 33.04 28.95 25.91 21.58
Noncontrolling Interest Sharing Ratio		 10.85% 10.24% 10.26% 9.94% 9.28% 9.36% 9.26% 9.13% 9.20% 9.43% 9.16%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -805 -23,054 -82,443 -36,370 -80,966 -144,656 -48,258 -24,185 3,364 52,807 -26,855
Operating Cash Flow to CapEx		 -10,516.95% 37,412.80% -23,639.75% 6,510.64% -28,610.20% 0.00% -141,855.56% 7,577.43% 5,224.44% 0.00% 2,436.83%
Free Cash Flow to Firm to Interest Expense		 -0.05 -1.25 -4.38 -2.00 -4.51 -8.44 -2.89 -1.60 0.26 5.11 -4.13
Operating Cash Flow to Interest Expense		 -2.26 2.55 -2.02 0.34 -1.56 -1.65 -1.53 2.11 0.71 -3.21 2.46
Operating Cash Flow Less CapEx to Interest Expense		 -2.28 2.54 -2.03 0.33 -1.57 -1.56 -1.53 2.08 0.70 -3.14 2.36
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,042,065 1,016,184 1,044,418 999,047 1,036,522 989,019 958,985 959,634 951,424 842,355 908,669
Invested Capital Turnover		 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.06
Increase / (Decrease) in Invested Capital		 5,543 27,165 85,433 39,413 85,098 146,664 50,316 25,401 -130 -51,481 29,924
Enterprise Value (EV)		 749,609 725,038 725,982 633,242 0.00 540,764 526,149 487,152 518,858 378,970 428,405
Market Capitalization		 170,464 179,751 156,356 145,857 0.00 122,829 103,812 104,103 105,718 110,043 95,076
Book Value per Share		 $349.79 $346.41 $341.82 $330.92 $319.85 $324.13 $321.76 $318.22 $318.42 $314.46 $318.10
Tangible Book Value per Share		 $349.79 $346.41 $341.82 $330.92 $319.85 $324.13 $321.76 $318.22 $318.42 $314.46 $318.10
Total Capital		 1,042,065 1,016,184 1,044,418 999,047 1,036,522 989,019 958,985 959,634 951,424 842,355 908,669
Total Debt		 917,765 894,188 923,218 879,584 917,976 872,114 841,708 843,141 833,915 725,166 789,379
Total Long-Term Debt		 343,995 326,844 335,875 321,690 315,232 315,554 293,678 292,259 305,624 291,811 299,382
Net Debt		 563,992 532,034 556,373 474,632 476,673 406,732 411,134 372,346 402,437 258,224 322,626
Capital Expenditures (CapEx)		 354 125 161 94 98 -1,581 18 421 180 -680 657
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 917,765 894,188 923,218 879,584 917,976 872,114 841,708 843,141 833,915 725,166 789,379
Total Depreciation and Amortization (D&A)		 506 498 621 646 627 780 1,512 1,594 970 727 666
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $14.25 $12.15 $8.52 $8.73 $11.67 $5.57 $5.52 $3.09 $8.87 $3.39 $8.35
Adjusted Weighted Average Basic Shares Outstanding		 320.80M 328.10M 324.80M 329.80M 335.60M 340.80M 338.70M 342.30M 346.60M 352.10M 352.80M
Adjusted Diluted Earnings per Share		 $14.12 $11.94 $8.40 $8.62 $11.58 $5.53 $5.47 $3.08 $8.79 $3.32 $8.25
Adjusted Weighted Average Diluted Shares Outstanding		 324.50M 333.60M 330.80M 335.50M 339.50M 345.80M 343.90M 347.20M 351.30M 358.10M 359.20M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 306.84M 312.04M 313.91M 315.80M 322.46M 325.56M 326.11M 329.67M 332.45M 335.42M 338.63M
Normalized Net Operating Profit after Tax (NOPAT)		 4,738 4,111 2,990 3,043 4,132 2,008 2,058 1,216 3,234 1,326 3,069
Normalized NOPAT Margin		 31.46% 29.64% 23.55% 23.90% 29.07% 17.74% 17.42% 11.16% 26.46% 12.52% 25.63%
Pre Tax Income Margin		 37.49% 37.90% 31.40% 30.76% 36.85% 19.92% 23.32% 15.93% 32.67% 14.44% 31.37%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.34 0.29 0.21 0.22 0.29 0.13 0.16 0.11 0.30 0.15 0.58
NOPAT to Interest Expense		 0.29 0.22 0.16 0.17 0.23 0.12 0.12 0.08 0.25 0.13 0.47
EBIT Less CapEx to Interest Expense		 0.32 0.28 0.20 0.21 0.29 0.22 0.16 0.09 0.29 0.21 0.48
NOPAT Less CapEx to Interest Expense		 0.27 0.22 0.15 0.16 0.22 0.21 0.12 0.05 0.23 0.19 0.37
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 30.16% 31.50% 36.22% 38.60% 45.67% 49.19% 52.81% 45.62% 36.76% 32.70% 25.17%
Augmented Payout Ratio		 103.14% 87.54% 93.72% 105.32% 96.12% 117.25% 133.18% 111.15% 89.30% 63.78% 43.19%

Frequently Asked Questions About The Goldman Sachs Group's Financials

When does The Goldman Sachs Group's financial year end?

According to the most recent income statement we have on file, The Goldman Sachs Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has The Goldman Sachs Group's net income changed over the last 9 years?

The Goldman Sachs Group's net income appears to be on an upward trend, with a most recent value of $14.28 billion in 2024, rising from $6.08 billion in 2015. The previous period was $8.52 billion in 2023. Check out The Goldman Sachs Group's forecast to explore projected trends and price targets.

How has The Goldman Sachs Group revenue changed over the last 9 years?

Over the last 9 years, The Goldman Sachs Group's total revenue changed from $33.82 billion in 2015 to $53.51 billion in 2024, a change of 58.2%.

How much debt does The Goldman Sachs Group have?

The Goldman Sachs Group's total liabilities were at $1.55 trillion at the end of 2024, a 1.9% increase from 2023, and a 135.7% increase since 2015.

How much cash does The Goldman Sachs Group have?

In the past 9 years, The Goldman Sachs Group's cash and equivalents has ranged from $93.44 billion in 2015 to $261.04 billion in 2021, and is currently $182.09 billion as of their latest financial filing in 2024.

How has The Goldman Sachs Group's book value per share changed over the last 9 years?

Over the last 9 years, The Goldman Sachs Group's book value per share changed from 177.07 in 2015 to 346.41 in 2024, a change of 95.6%.


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This page (NYSE:GS) was last updated on 5/21/2025 by MarketBeat.com Staff
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