Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Goldman Sachs Group Inc

GS · NYSE · Financial

Fundamental quality

REASONABLE

65

out of 100

Goldman Sachs Group Inc earns a fundamental-quality score of 65 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its profitability (net margin 31.7%). Its weakest area is its financial strength (FCF margin -62.7%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Goldman Sachs is one of the world's largest investment banks. Its core business is advising on mergers and IPOs, trading in the markets, and managing large fortunes and assets. It's not a traditional retail bank.

What will shape its future

  • Capital-markets cycles: M&A and IPOs rise in confident times and dry up in downturns.
  • Its push into steadier businesses (asset and wealth management) to rely less on trading.
  • The volatility of its earnings, higher than a commercial bank's.

Breakdown by area

I.Growth
69

EPS growth: 19.1% · Revenue growth: 7.5%

II.Profitability
86

Net margin: 31.7% · ROE: 17.1%

III.Financial health
32

FCF: -62.7%

Source: SEC EDGAR · TTM through 30/06/2026

The score includes +3 for dividend strength: 15 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its financial strength drags it down the most.

Versus its sector

Percentile against the other 71 Financial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 91%
ROEbeats 64%
Growthbeats 38%
Cash generationbeats 5%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Goldman Sachs Group Inc strengths

  • Exceptional net margin (31.7%): the business is clearly profitable.
  • Expanding margins: net margin has risen from 21% to 29% in recent years.
  • Growing earnings per share (19.1% annualized).

Goldman Sachs Group Inc risks and weaknesses

  • Negative free cash flow: the business burns cash.
  • Its net debt has grown over the period.
  • Erratic free cash flow, with several years in the red.

Goldman Sachs Group Inc historical evolution

YearRevenueNet incomeFree cash flowNet debt
202044,5609,459-24,844110,509
202159,33921,6351,63140,011
202247,36511,2614,96066,274
202346,2548,516-14,90376,245
202453,51214,276-15,303130,251
202558,28317,176-47,218191,700

Between 2020 and 2025, revenue went from $44,560M to $58,283M (+31%) and net income went from $9,459M to $17,176M (+82%). Meanwhile, its margins have widened (from 21% to 29%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+26.7%
  • Net income+44.9%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score6365
  • Net margin29.9%31.7%
  • ROE14.7%17.1%
  • FCF margin-69.4%-62.7%
  • Revenue growth6%7.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$14

per share, yearly

30.7% of earnings

Payout

15 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Goldman Sachs Group Inc cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Goldman Sachs Group Inc a good company to invest in?

In terms of business quality, Goldman Sachs Group Inc scores 65 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Goldman Sachs Group Inc a profitable company?

Very. Goldman Sachs Group Inc shows a net margin of 31.7% and an ROE of 17.1%, typical of a highly profitable business.

Is Goldman Sachs Group Inc growing?

Its revenue has grown 7.5% annualized in recent years and its earnings per share 19.1%.

Does Goldman Sachs Group Inc generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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