GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis

NYSE:GS • US38141G1040

911.12 USD
-33.47 (-3.54%)
Last: Feb 12, 2026, 11:51 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

GS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 238 industry peers in the Capital Markets industry. GS may be in some trouble as it scores bad on both profitability and health. GS is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • GS had positive earnings in the past year.
  • In the past year GS had a positive cash flow from operations.
  • Each year in the past 5 years GS has been profitable.
  • In multiple years GS reported negative operating cash flow during the last 5 years.
GS Yearly Net Income VS EBIT VS OCF VS FCFGS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B -10B 20B -20B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.88%, GS is doing worse than 69.33% of the companies in the same industry.
  • GS has a Return On Equity of 12.73%. This is in the better half of the industry: GS outperforms 71.01% of its industry peers.
  • GS has a worse Return On Invested Capital (1.15%) than 65.13% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for GS is significantly below the industry average of 7.22%.
  • The last Return On Invested Capital (1.15%) for GS is above the 3 year average (0.96%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.88%
ROE 12.73%
ROIC 1.15%
ROA(3y)0.73%
ROA(5y)0.88%
ROE(3y)10.3%
ROE(5y)11.86%
ROIC(3y)0.96%
ROIC(5y)1.13%
GS Yearly ROA, ROE, ROICGS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • GS has a Profit Margin (12.45%) which is comparable to the rest of the industry.
  • GS's Profit Margin has declined in the last couple of years.
  • The Operating Margin of GS (16.70%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of GS has declined.
  • Looking at the Gross Margin, with a value of 40.13%, GS is in line with its industry, outperforming 42.02% of the companies in the same industry.
  • GS's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 16.7%
PM (TTM) 12.45%
GM 40.13%
OM growth 3Y-3.81%
OM growth 5Y-8.77%
PM growth 3Y-5.96%
PM growth 5Y-3.81%
GM growth 3Y-13.08%
GM growth 5Y-12.14%
GS Yearly Profit, Operating, Gross MarginsGS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • GS has less shares outstanding than it did 1 year ago.
  • GS has less shares outstanding than it did 5 years ago.
  • GS has a better debt/assets ratio than last year.
GS Yearly Shares OutstandingGS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
GS Yearly Total Debt VS Total AssetsGS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500B 1T 1.5T

2.2 Solvency

  • Based on the Altman-Z score of -0.19, we must say that GS is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of -0.19, GS is doing worse than 78.99% of the companies in the same industry.
  • GS has a debt to FCF ratio of 72.28. This is a negative value and a sign of low solvency as GS would need 72.28 years to pay back of all of its debts.
  • The Debt to FCF ratio of GS (72.28) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 8.47 is on the high side and indicates that GS has dependencies on debt financing.
  • With a Debt to Equity ratio value of 8.47, GS is not doing good in the industry: 86.97% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 8.47
Debt/FCF 72.28
Altman-Z -0.19
ROIC/WACCN/A
WACCN/A
GS Yearly LT Debt VS Equity VS FCFGS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100B 200B

2.3 Liquidity

  • A Current Ratio of 0.31 indicates that GS may have some problems paying its short term obligations.
  • GS has a Current ratio of 0.31. This is in the lower half of the industry: GS underperforms 79.83% of its industry peers.
  • GS has a Quick Ratio of 0.31. This is a bad value and indicates that GS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of GS (0.31) is worse than 79.83% of its industry peers.
Industry RankSector Rank
Current Ratio 0.31
Quick Ratio 0.31
GS Yearly Current Assets VS Current LiabilitesGS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200B 400B 600B 800B 1T

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 26.49% over the past year.
  • GS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.50% yearly.
  • The Revenue has decreased by -1.38% in the past year.
  • Measured over the past years, GS shows a quite strong growth in Revenue. The Revenue has been growing by 17.29% on average per year.
EPS 1Y (TTM)26.49%
EPS 3Y19.49%
EPS 5Y10.5%
EPS Q2Q%17.24%
Revenue 1Y (TTM)-1.38%
Revenue growth 3Y22.11%
Revenue growth 5Y17.29%
Sales Q2Q%-2.99%

3.2 Future

  • Based on estimates for the next years, GS will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.65% on average per year.
  • GS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.56% yearly.
EPS Next Y17.02%
EPS Next 2Y14.21%
EPS Next 3Y12.38%
EPS Next 5Y9.65%
Revenue Next Year9.26%
Revenue Next 2Y6.97%
Revenue Next 3Y4.99%
Revenue Next 5Y2.56%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
GS Yearly Revenue VS EstimatesGS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B 100B
GS Yearly EPS VS EstimatesGS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20 40 60 80

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • GS is valuated rather expensively with a Price/Earnings ratio of 17.76.
  • The rest of the industry has a similar Price/Earnings ratio as GS.
  • GS is valuated rather cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 15.18, which indicates a correct valuation of GS.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of GS is on the same level as its industry peers.
  • GS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.01.
Industry RankSector Rank
PE 17.76
Fwd PE 15.18
GS Price Earnings VS Forward Price EarningsGS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 70.17% of the companies in the same industry are more expensive than GS, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, GS is valued a bit cheaper than 64.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 17.33
EV/EBITDA 20.74
GS Per share dataGS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • A more expensive valuation may be justified as GS's earnings are expected to grow with 12.38% in the coming years.
PEG (NY)1.04
PEG (5Y)1.69
EPS Next 2Y14.21%
EPS Next 3Y12.38%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.02%, GS has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 6.12, GS has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, GS has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.02%

5.2 History

  • On average, the dividend of GS grows each year by 19.24%, which is quite nice.
  • GS has been paying a dividend for at least 10 years, so it has a reliable track record.
  • GS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)19.24%
Div Incr Years13
Div Non Decr Years14
GS Yearly Dividends per shareGS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8 10

5.3 Sustainability

  • 31.36% of the earnings are spent on dividend by GS. This is a low number and sustainable payout ratio.
  • The dividend of GS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.36%
EPS Next 2Y14.21%
EPS Next 3Y12.38%
GS Yearly Income VS Free CF VS DividendGS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B -10B 20B -20B
GS Dividend Payout.GS Dividend Payout, showing the Payout Ratio.GS Dividend Payout.PayoutRetained Earnings

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GOLDMAN SACHS GROUP INC

NYSE:GS (2/12/2026, 11:51:09 AM)

911.12

-33.47 (-3.54%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-19
Earnings (Next)04-13
Inst Owners74.56%
Inst Owner Change-1.07%
Ins Owners0.52%
Ins Owner Change-0.91%
Market Cap273.27B
Revenue(TTM)125.10B
Net Income(TTM)15.84B
Analysts73.13
Price Target967.89 (6.23%)
Short Float %2.08%
Short Ratio2.8
Dividend
Industry RankSector Rank
Dividend Yield 2.02%
Yearly Dividend14.19
Dividend Growth(5Y)19.24%
DP31.36%
Div Incr Years13
Div Non Decr Years14
Ex-Date03-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.66%
Min EPS beat(2)8.14%
Max EPS beat(2)11.18%
EPS beat(4)4
Avg EPS beat(4)17.85%
Min EPS beat(4)8.14%
Max EPS beat(4)41.07%
EPS beat(8)8
Avg EPS beat(8)21.62%
EPS beat(12)9
Avg EPS beat(12)12.01%
EPS beat(16)12
Avg EPS beat(16)10.57%
Revenue beat(2)2
Avg Revenue beat(2)4.86%
Min Revenue beat(2)4.58%
Max Revenue beat(2)5.15%
Revenue beat(4)3
Avg Revenue beat(4)4.29%
Min Revenue beat(4)-1.25%
Max Revenue beat(4)8.67%
Revenue beat(8)6
Avg Revenue beat(8)3.68%
Revenue beat(12)9
Avg Revenue beat(12)17.49%
Revenue beat(16)13
Avg Revenue beat(16)20.62%
PT rev (1m)17.23%
PT rev (3m)19.95%
EPS NQ rev (1m)1.03%
EPS NQ rev (3m)0.56%
EPS NY rev (1m)5.54%
EPS NY rev (3m)5.56%
Revenue NQ rev (1m)-3.9%
Revenue NQ rev (3m)-3.69%
Revenue NY rev (1m)2.77%
Revenue NY rev (3m)3.08%
Valuation
Industry RankSector Rank
PE 17.76
Fwd PE 15.18
P/S 2.15
P/FCF 17.33
P/OCF 15.28
P/B 2.2
P/tB 2.32
EV/EBITDA 20.74
EPS(TTM)51.29
EY5.63%
EPS(NY)60.02
Fwd EY6.59%
FCF(TTM)52.58
FCFY5.77%
OCF(TTM)59.64
OCFY6.55%
SpS424.14
BVpS414.77
TBVpS392.05
PEG (NY)1.04
PEG (5Y)1.69
Graham Number691.85
Profitability
Industry RankSector Rank
ROA 0.88%
ROE 12.73%
ROCE 3.16%
ROIC 1.15%
ROICexc 1.31%
ROICexgc 1.31%
OM 16.7%
PM (TTM) 12.45%
GM 40.13%
FCFM 12.4%
ROA(3y)0.73%
ROA(5y)0.88%
ROE(3y)10.3%
ROE(5y)11.86%
ROIC(3y)0.96%
ROIC(5y)1.13%
ROICexc(3y)1.11%
ROICexc(5y)1.39%
ROICexgc(3y)1.13%
ROICexgc(5y)1.4%
ROCE(3y)2.76%
ROCE(5y)3.09%
ROICexgc growth 3Y1.88%
ROICexgc growth 5Y-4.51%
ROICexc growth 3Y1.29%
ROICexc growth 5Y-4.9%
OM growth 3Y-3.81%
OM growth 5Y-8.77%
PM growth 3Y-5.96%
PM growth 5Y-3.81%
GM growth 3Y-13.08%
GM growth 5Y-12.14%
F-Score7
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 8.47
Debt/FCF 72.28
Debt/EBITDA 45.04
Cap/Depr 98.42%
Cap/Sales 1.67%
Interest Coverage 0.31
Cash Conversion 76.45%
Profit Quality 99.56%
Current Ratio 0.31
Quick Ratio 0.31
Altman-Z -0.19
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.49%
EPS 3Y19.49%
EPS 5Y10.5%
EPS Q2Q%17.24%
EPS Next Y17.02%
EPS Next 2Y14.21%
EPS Next 3Y12.38%
EPS Next 5Y9.65%
Revenue 1Y (TTM)-1.38%
Revenue growth 3Y22.11%
Revenue growth 5Y17.29%
Sales Q2Q%-2.99%
Revenue Next Year9.26%
Revenue Next 2Y6.97%
Revenue Next 3Y4.99%
Revenue Next 5Y2.56%
EBIT growth 1Y32.76%
EBIT growth 3Y17.45%
EBIT growth 5Y7%
EBIT Next Year-8.23%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y117.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y120.25%
OCF growth 3YN/A
OCF growth 5YN/A

GOLDMAN SACHS GROUP INC / GS FAQ

Can you provide the ChartMill fundamental rating for GOLDMAN SACHS GROUP INC?

ChartMill assigns a fundamental rating of 4 / 10 to GS.


Can you provide the valuation status for GOLDMAN SACHS GROUP INC?

ChartMill assigns a valuation rating of 4 / 10 to GOLDMAN SACHS GROUP INC (GS). This can be considered as Fairly Valued.


How profitable is GOLDMAN SACHS GROUP INC (GS) stock?

GOLDMAN SACHS GROUP INC (GS) has a profitability rating of 3 / 10.


What is the valuation of GOLDMAN SACHS GROUP INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for GOLDMAN SACHS GROUP INC (GS) is 17.76 and the Price/Book (PB) ratio is 2.2.


Is the dividend of GOLDMAN SACHS GROUP INC sustainable?

The dividend rating of GOLDMAN SACHS GROUP INC (GS) is 6 / 10 and the dividend payout ratio is 31.36%.