Aureus
FRed Flag

Goldman Sachs Group, Inc. (The)(GS)

F

Financial data as of Dec 31, 2025Improving · Financials

FCF Margin-86.9%Free Cash Flow / Revenue
Cash Conversion-262.9%Operating CF / Net Income
Free Cash Flow-$47.2B
Revenue$58.3B
Net Cash-$221.9BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.00Tight short-term liquidity
YoY FCF Growth+10.7%3 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Current ratio below 1.0 (0.00)
→
+0.5Modest YoY FCF growth (10.7% YoY)
→
-0.5Highly volatile FCF (consistency: 1.95)
→
+0.5Strong revenue growth (39.5% YoY) offsets compressed FCF margin
→
FinalF

Analysis Summary

Strengths

  • Strong revenue growth (39.5% YoY)
  • FCF trend is improving

Concerns

  • Negative FCF margin (-86.9%)
  • Net debt position ($221.9B)
  • Current ratio below 1.0 — tight short-term liquidity
  • Only 3 positive FCF quarters recently
  • Highly volatile quarterly FCF

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-86.9%
Net Margin29.5%
Operating CF Margin-77.5%
CapEx Ratio3.5%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$221.9BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.00Tight liquidity
Debt / Equity3.52High leverage

Quarterly FCF Trend

+10.7% YoYImproving (+10.7%)

Free cash flow per quarter

Sector Comparison — Financials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameGoldman Sachs Group, Inc. (The)
SectorFinancials
Free Cash Flow-$47.2B
Revenue$58.3B
Net Income$17.2B
Operating Cash Flow-$45.2B
Capital Expenditure$2.1B
FCF Margin-86.9%
Cash Conversion Rate-262.9%
Net Margin29.5%
Total Debt$386.1B
Total Cash$164.3B
Net Cash-$221.9B
Current Ratio0.00
Debt / Equity3.52
Debt / FCFN/A
YoY FCF Growth+10.7%
Positive Quarters3 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeF
Data SourceYahoo Finance

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