Fundamentals snapshot
GS · NYQ · Financial Services · Capital Markets
Current price
$905.37
52-week range
$743.11 - $1,153.99
Market cap
$263.62B
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net cash $170.00B. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
Goldman Sachs is a big financial helper that advises companies on big deals like buying or selling parts of their business, and also helps them raise money by selling stocks or bonds. They make most of their money from fees for these services and from investing their own money, and this is important because it means their earnings can change quite a bit depending on how active the markets are.
Goldman Sachs started in 1869 as a small commercial paper business run by Marcus Goldman. Over time, it grew by helping companies raise money and offering financial advice. A major turning point was its expansion into investment banking, which involves helping companies go public or merge with others. This strategic shift transformed it from a modest firm into a global financial powerhouse. It eventually became a publicly traded company itself in 1999, allowing it to raise more capital and further expand its operations worldwide.
Goldman Sachs is a financial services firm that acts like a high-end financial advisor and service provider for big organizations, governments, and wealthy individuals. Think of it as a company that helps other companies with major financial decisions, like buying another company or raising money by selling stock. It also manages large sums of money for clients and offers sophisticated banking services. Essentially, it operates in the complex world of finance, providing tools and expertise that most everyday people don't directly interact with but are crucial for the global economy.
This is the largest part of Goldman Sachs, where the company helps big corporations and governments with major financial transactions. This includes advising companies on mergers and acquisitions (when one company buys another), helping them raise money by issuing stocks (equity underwriting) or bonds (debt underwriting), and providing loans. It also involves trading various financial products like stocks, bonds, and commodities for clients and for the firm itself. This segment is the engine that drives a significant portion of Goldman Sachs' revenue.
In this segment, Goldman Sachs acts as a money manager for its clients. It takes large sums of money from institutions and wealthy individuals and invests it across different types of assets like stocks, bonds, and alternative investments (like private equity or real estate). It also provides personalized financial planning and private banking services, essentially helping clients grow and preserve their wealth. This business line focuses on generating fees based on the amount of assets managed and the performance of those investments.
This newer segment focuses on providing technology-driven financial services, particularly for businesses. It includes offering credit card services, transaction banking, and other cash management solutions like helping companies manage their deposits and payments. The goal is to create a more integrated and efficient financial experience for corporate and institutional clients, leveraging technology to streamline operations. While smaller than the other segments, it represents an area of growth and innovation for the firm.
Goldman Sachs is currently focusing on growing its Asset & Wealth Management and Platform Solutions businesses. The strategy is to diversify its revenue streams beyond its traditional investment banking and trading activities. By expanding these areas, the company aims to generate more stable, fee-based income, which is less volatile than market-driven trading profits. This shift is intended to make the company more resilient and provide consistent growth over the long term.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net cash $170.0B - more cash than debt. Interest coverage unavailable.
The Goldman Sachs Group, Inc. is healthier than 1 of 6 peers on balance-sheet leverage.
Total debt $839.00B Interest coverage — This is the baseline the peer rows are being compared against.
Total debt $14.97B Interest coverage 12.88x This peer's profit covers its interest bill about 12.9 times over.
What you should know
The numbers
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Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know