The Goldman Sachs Group, Inc. (GS) Fundamental Analysis
The Goldman Sachs Group, Inc. is a financial institution whose performance is read through net interest income, fee revenue and return on equity rather than product margins. It is solidly profitable, earning a return on equity of 17%. Cash generation is healthy, funding the business from its own operations. On the latest filing the majority of indicators are constructive.
Beat Index assesses The Goldman Sachs Group, Inc. across twenty analysis tabs, spanning market multiples, revenue and income, margins, cash flow, returns, liquidity and leverage, working capital, intrinsic value, commitments, insider activity, risk, and its latest 10-Q reads positively across revenue growth, profit margins, cash generation and balance-sheet strength. Every figure is taken as-reported from SEC EDGAR filings, with no vendor adjustments.
At a glance
- PositiveGrowth: Revenue up 39% YoY
- WatchNothing flagged to watch next quarter.
- ConcernNo red flags in the latest quarter.
Trend matrix, last 4 quarters
| Dimension | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|---|
| Growth | Revenue up 39% YoY | Revenue up 14% YoY | Revenue down -3% YoY | Revenue up 20% YoY |
| Profitability | ROE 17% | ROE 15% | ROE 14% | ROE 14% |
| Cash Generation | Operating cash strong (28% of rev) | Negative operating cash | Negative operating cash | Operating cash 14% of rev |
| Balance Sheet | ROTCE 19% | ROTCE 17% | ROTCE 16% | ROTCE 15% |
Quarterly financials
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|---|
| Revenue | $20.34B | $17.23B | $13.45B | $15.18B | $14.58B |
| Cash & equivalents | $187.27B | $179.53B | $164.26B | $169.58B | $152.97B |
| Net income | $6.63B | $5.63B | $4.62B | $4.10B | $3.72B |
| Operating cash flow | $6.11B | -$31.87B | -$16.28B | $2.68B | $5.67B |
| Free cash flow | $5.60B | -$32.43B | -$16.81B | $2.12B | $5.20B |
Figures in USD, as reported to the SEC. Longer history is available in the full analysis.
What's inside the full dashboard
Twenty analysis tabs. Every financial figure comes from SEC filings, with no estimates.
- Market Multiples: What buyers have actually paid for this business, week by week, against what they pay today.
- Cash Flow: Free cash flow generation and operating cash flow trends.
- Intrinsic Value: Discounted cash flow (DCF) valuation against your own discount rate.
- Priced In: The move the options market is pricing in, including around earnings, read from your own Alpaca account once connected.
- Liquidity & Leverage: Balance-sheet strength: assets, liabilities, debt and liquidity ratios.
- Margins: Gross, operating, and net profit margin analysis.
- Returns: Return on equity, return on assets, and return on invested capital.
- Revenue & Income: Revenue growth, composition, and year-over-year income trends.
- Working Capital: Working-capital efficiency, cash conversion and asset-turnover metrics.
- Risk: Debt levels, liquidity ratios, and financial risk indicators.
- Insider: Insider stock transactions and executive activity.
- Commitments: Operating leases, purchase commitments, and future obligations.
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Live valuation, management commentary, and peer comparison, all sourced directly from SEC filings. Free to access.