Goldman Sachs Group, Inc. (The) (GS) stock analysis
Company overview and business model
Source fact: The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through three segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; equity and debt underwriting of public offerings and private placements; relationship lending and acquisition financing; secured lending through structured credit and asset-backed lending, such as warehouse, residential and commercial mortgage, corporate, consumer, auto, and student loans; financing through securities purchased under agreements to resell; and commodity financing through structured transactions. This segment also offers client execution activities for cash and derivative instruments; credit and interest rate products; and provision of mortgages, currencies, commodities, and equities related products. Its Asset & Wealth Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, commodities, and asset allocation strategies; and provides customized investment advisory solutions, wealth advisory services, personalized financial planning, and private banking services, as well as invests in corporate equity, credit, real estate, and infrastructure assets. The Platform Solutions segment offers credit cards; and transaction banking and other services, such as deposit-taking, payment solutions, and other cash management services for corporate and institutional clients. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.
Classification: NYSE · Financial Services · Capital Markets
Revenue and growth
Source fact: Revenue was USD 58.28 billion for the period ending 2025-12-31.
Caverian calculation: Revenue changed +8.9% (FY2025 vs FY2024).
Profitability
Source fact: Net income was USD 17.18 billion in the latest reported period.
Source metric: Reported net margin was 29.5%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 164.26 billion.
Source fact: Total debt was USD 386.15 billion.
Cash-flow analysis
Source fact: Operating cash flow was USD -45.15 billion.
Source fact: Free cash flow was USD -47.22 billion.
Valuation
Source metrics: Trailing P/E 15.48x; Forward P/E 14.04x; Price to book 2.87x; Price to sales 4.48x.
Caverian model output: Value score was 60/100.
Competitive position
Classification: Peer context: Capital Markets within Financial Services.
Caverian model output: Quality score was 66/100.
Caverian model limitation: Quality evidence was limited: 6 of 10 inputs were available (64% weighted coverage). Unavailable or not-meaningful inputs contributed a neutral 50, changing the raw 67 score to 66; further research is required.
Caverian model output: Growth score was 74/100.
Material risks
Caverian model interpretation: Watch out: limited Quality evidence (64% weighted coverage) — unavailable/NM inputs were averaged at neutral, changing the raw 67 score to 66; further research is required.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles