Goldman Sachs (GS) Stock Analysis

July 23, 2026

This is a peer-relative look at Goldman Sachs (GS): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Financial Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Goldman Sachs (GS)
Profile Item	GS
Name	The Goldman Sachs Group, Inc.
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Financial Services
GICS Industry	Capital Markets
GICS Sub-Industry	Investment Banking & Brokerage
Market Capitalization	320.25 billion USD
Currency	USD
Exchange	NYSE
Listing Date	May 4, 1999
Security Type	Common Stock

Price Performance

Cumulative Growth

GSPC

Goldman Sachs (GS) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Goldman Sachs (GS) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Goldman Sachs (GS) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
Total Return (1Y)	56.86%	2.77%
Total Return (3Y, Annualized)	49.01%	10.13%
Total Return (5Y, Annualized)	26.82%	5.16%

Risk Profile

Drawdown History

GSPC

Goldman Sachs (GS) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Goldman Sachs (GS) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
Volatility (1Y, Annualized)	30.76%	34.88%
Beta (5Y)	1.30	1.03
Max Drawdown (5Y)	-32.84%	-49.67%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. GS is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
Sharpe Ratio (1Y)	1.72	-0.02
Sortino Ratio (1Y)	2.66	-0.03

Profitability

ROE (TTM)

Goldman Sachs (GS) posts ROE of 16.95%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

GS

Financial Services industry group

16.95%

Group distribution

Max: 41.77%
Q3: 21.29%
GS: 16.95%
Median: 12.38%
Q1: 4.87%
Min: -16.52%

Largest peers

MA: 232.08%
V: 61.19%
AXP: 34.38%
GS: 16.95%
BRK.A: 10.50%
BRK.B: 10.50%
MS: --

Where Goldman Sachs (GS) stands on ROE within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Goldman Sachs (GS) keeps 31.04% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

GS

Financial Services industry group

31.04%

Group distribution

Max: 66.55%
GS: 31.04%
Q3: 30.61%
Median: 16.68%
Q1: 5.47%
Min: -26.88%

Largest peers

V: 50.78%
MA: 45.88%
GS: 31.04%
MS: 25.90%
BRK.A: 19.31%
BRK.B: 19.31%
AXP: 16.14%

Where Goldman Sachs (GS) stands on net margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Goldman Sachs (GS) turns 42.32% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

GS

Financial Services industry group

42.32%

Group distribution

Max: 95.95%
Q3: 50.63%
GS: 42.32%
Median: 27.59%
Q1: 11.92%
Min: -36.26%

Largest peers

V: 66.13%
MA: 60.84%
GS: 42.32%
MS: 41.57%
AXP: 20.32%
BRK.A: 14.35%
BRK.B: 14.35%

Where Goldman Sachs (GS) stands on operating margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
ROE (TTM)	16.95%	12.38%
ROA (TTM)	1.07%	2.89%
Net Margin (TTM)	31.04%	16.68%
Operating Margin (TTM)	42.32%	27.59%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Goldman Sachs (GS) grew revenue 8.92%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Goldman Sachs (GS): Revenue Growth across different time periods, set against Financial Services industry-group medians.

EPS Growth

Goldman Sachs (GS) grew earnings per share 26.59%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Goldman Sachs (GS): EPS Growth across different time periods, set against Financial Services industry-group medians.

Growth Metrics

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
Revenue Growth (YoY)	8.92%	9.24%
Revenue Growth (3Y CAGR)	7.16%	10.22%
EPS Growth (YoY)	26.59%	7.11%
EPS Growth (3Y CAGR)	19.52%	12.85%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Goldman Sachs (GS) in Financial Services: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Goldman Sachs (GS) in Financial Services: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Goldman Sachs (GS) has dividend yield of 1.61%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

GS

Financial Services industry group

1.61%

Group distribution

Max: 12.80%
Q3: 5.20%
GS: 1.61%
Median: 1.04%
Q1: 0.00%
Min: 0.00%

Largest peers

MS: 2.04%
GS: 1.61%
AXP: 1.07%
V: 0.73%
BRK.A: 0.00%
BRK.B: 0.00%
MA: 0.00%

Where Goldman Sachs (GS) stands on dividend yield within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Goldman Sachs (GS) has payout ratio of 26.25%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

GS

Financial Services industry group

26.25%

Group distribution

Max: 228.57%
Q3: 92.38%
GS: 26.25%
Median: 24.87%
Q1: 0.00%
Min: 0.00%

Largest peers

MS: 32.31%
GS: 26.25%
V: 22.13%
AXP: 21.48%
MA: 18.23%
BRK.A: 0.00%
BRK.B: 0.00%

Where Goldman Sachs (GS) stands on payout ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
Dividend Yield (TTM)	1.61%	1.04%
Dividend Payout Ratio (TTM)	26.25%	24.87%

Valuation

P/E Ratio (TTM)

Goldman Sachs (GS) trades at P/E ratio of 16.29, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

GS

Financial Services industry group

16.29

Group distribution

Max: 48.85
Q3: 25.51
GS: 16.29
Median: 15.15
Q1: 9.59
Min: 2.06

Largest peers

MA: 32.58
V: 31.36
AXP: 20.13
MS: 16.42
GS: 16.29
BRK.A: 15.15
BRK.B: 15.15

Where Goldman Sachs (GS) stands on P/E ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Goldman Sachs (GS) trades at 4.74 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

GS

Financial Services industry group

4.74

Group distribution

Max: 9.88
Q3: 4.93
GS: 4.74
Median: 2.93
Q1: 1.55
Min: -0.64

Largest peers

V: 15.37
MA: 15.03
GS: 4.74
MS: 4.24
AXP: 3.21
BRK.A: 2.93
BRK.B: 2.93

Where Goldman Sachs (GS) stands on P/S ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Goldman Sachs (GS) trades at 2.96 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

GS

Financial Services industry group

2.96

Group distribution

Max: 7.56
Q3: 3.60
GS: 2.96
Median: 1.64
Q1: 0.90
Min: 0.00

Largest peers

MA: 76.21
V: 19.75
AXP: 6.65
MS: 3.17
GS: 2.96
BRK.A: 1.51
BRK.B: 0.00

Where Goldman Sachs (GS) stands on P/B ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
P/E Ratio (TTM)	16.29	15.15
P/S Ratio (TTM)	4.74	2.93
P/B Ratio (MRQ)	2.96	1.64
Free Cash Flow Yield (TTM)	--	--