GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:GS • US38141G1040

925.97 USD
+35.56 (+3.99%)
Last: Feb 6, 2026, 10:09 AM
Fundamental Rating

4

Overall GS gets a fundamental rating of 4 out of 10. We evaluated GS against 238 industry peers in the Capital Markets industry. GS has a bad profitability rating. Also its financial health evaluation is rather negative. GS has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year GS was profitable.
  • In the past year GS had a positive cash flow from operations.
  • In the past 5 years GS has always 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

  • GS has a Return On Assets of 0.88%. This is in the lower half of the industry: GS underperforms 69.75% of its industry peers.
  • GS has a Return On Equity of 12.73%. This is in the better half of the industry: GS outperforms 71.43% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 1.15%, GS is doing worse than 65.55% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for GS is significantly below the industry average of 7.28%.
  • The 3 year average ROIC (0.96%) for GS is below the current ROIC(1.15%), indicating increased profibility in the last year.
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

  • With a Profit Margin value of 12.45%, GS perfoms like the industry average, outperforming 41.60% of the companies in the same industry.
  • GS's Profit Margin has declined in the last couple of years.
  • GS's Operating Margin of 16.70% is in line compared to the rest of the industry. GS outperforms 40.34% of its industry peers.
  • In the last couple of years the Operating Margin of GS has declined.
  • GS has a Gross Margin (40.13%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of GS has declined.
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

More info and screens

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.
  • The number of shares outstanding for GS has been reduced compared to 5 years ago.
  • The debt/assets ratio for GS has been reduced compared to a year ago.
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.
  • The Altman-Z score of GS (-0.19) is worse than 79.41% of its industry peers.
  • 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.
  • GS's Debt to FCF ratio of 72.28 is in line compared to the rest of the industry. GS outperforms 52.10% of its industry peers.
  • GS has a Debt/Equity ratio of 8.47. This is a high value indicating a heavy dependency on external financing.
  • GS has a Debt to Equity ratio of 8.47. This is amonst the worse of the industry: GS underperforms 87.39% of its industry peers.
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

  • GS has a Current 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.
  • GS's Current ratio of 0.31 is on the low side compared to the rest of the industry. GS is outperformed by 80.67% of its industry peers.
  • A Quick Ratio of 0.31 indicates that GS may have some problems paying its short term obligations.
  • The Quick ratio of GS (0.31) is worse than 80.67% 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.
  • The Earnings Per Share has been growing by 10.50% on average over the past years. This is quite good.
  • The Revenue has decreased by -1.38% in the past year.
  • The Revenue has been growing by 17.29% on average over the past years. This is quite good.
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

  • The Earnings Per Share is expected to grow by 9.65% on average over the next years. This is quite good.
  • Based on estimates for the next years, GS will show a small growth in Revenue. The Revenue will grow by 2.56% on average per year.
EPS Next Y14.5%
EPS Next 2Y13.25%
EPS Next 3Y12.07%
EPS Next 5Y9.65%
Revenue Next Year9.28%
Revenue Next 2Y7.01%
Revenue Next 3Y4.97%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

  • With a Price/Earnings ratio of 18.05, GS is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of GS is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.67. GS is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 15.77, GS is valued correctly.
  • GS's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.20, GS is valued a bit cheaper.
Industry RankSector Rank
PE 18.05
Fwd PE 15.77
GS Price Earnings VS Forward Price EarningsGS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 70.59% of the companies in the same industry are more expensive than GS, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of GS indicates a somewhat cheap valuation: GS is cheaper than 66.39% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 17.61
EV/EBITDA 20.04
GS Per share dataGS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400

4.3 Compensation for Growth

  • GS's 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 12.07% in the coming years.
PEG (NY)1.25
PEG (5Y)1.72
EPS Next 2Y13.25%
EPS Next 3Y12.07%

More info and screens

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

6

5. Dividend

5.1 Amount

  • GS has a Yearly Dividend Yield of 1.91%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 6.03, GS has a dividend in line with its industry peers.
  • GS's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.91%

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 their dividend for at least 10 years, which is a reliable track record.
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

  • GS pays out 31.36% of its income as dividend. This is a 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 2Y13.25%
EPS Next 3Y12.07%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

GOLDMAN SACHS GROUP INC

NYSE:GS (2/6/2026, 10:09:10 AM)

925.97

+35.56 (+3.99%)

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-1.53%
Ins Owners0.52%
Ins Owner Change-1.13%
Market Cap277.73B
Revenue(TTM)125.10B
Net Income(TTM)15.84B
Analysts73.13
Price Target903.79 (-2.4%)
Short Float %2.08%
Short Ratio2.8
Dividend
Industry RankSector Rank
Dividend Yield 1.91%
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)9.47%
PT rev (3m)20.75%
EPS NQ rev (1m)1.03%
EPS NQ rev (3m)0.56%
EPS NY rev (1m)3.27%
EPS NY rev (3m)3.29%
Revenue NQ rev (1m)-3.9%
Revenue NQ rev (3m)-3.69%
Revenue NY rev (1m)2.78%
Revenue NY rev (3m)3.1%
Valuation
Industry RankSector Rank
PE 18.05
Fwd PE 15.77
P/S 2.18
P/FCF 17.61
P/OCF 15.53
P/B 2.23
P/tB 2.36
EV/EBITDA 20.04
EPS(TTM)51.29
EY5.54%
EPS(NY)58.73
Fwd EY6.34%
FCF(TTM)52.58
FCFY5.68%
OCF(TTM)59.64
OCFY6.44%
SpS424.14
BVpS414.77
TBVpS392.05
PEG (NY)1.25
PEG (5Y)1.72
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 Y14.5%
EPS Next 2Y13.25%
EPS Next 3Y12.07%
EPS Next 5Y9.65%
Revenue 1Y (TTM)-1.38%
Revenue growth 3Y22.11%
Revenue growth 5Y17.29%
Sales Q2Q%-2.99%
Revenue Next Year9.28%
Revenue Next 2Y7.01%
Revenue Next 3Y4.97%
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 18.05 and the Price/Book (PB) ratio is 2.23.


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%.