The Goldman Sachs Group, Inc. GS-PK NYSE

NYSE • Financial Services • Financial - Capital Markets • US • USD

SharesGrow Score

66/100

3/7 Pass

SharesGrow Intrinsic Value

N/A

Negative cash flow

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

The Goldman Sachs Group, Inc. (GS-PK) generated $-16.28B in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $531M, free cash flow was $-16.81B.

Free cash flow margin was -55.8% of revenue. Cash conversion ratio was -3.53x, suggesting some earnings are non-cash.

The company returned $1.46B in dividends and $3B in share buybacks to shareholders during the quarter.

Criteria supported by this page:

HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
MOAT (66/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
INCOME (55/100) — Cash conversion ratio was -3.53x suggests some earnings are non-cash items

Overall SharesGrow Score: 66/100 with 3/7 criteria passed.

SharesGrow 7-Criteria Score

66/100

SG Score

View full scorecard →

✓

VALUE

100/100

Price-to-Earnings & upside

→ Valuation

FUTURE

40/100

Analyst consensus

→ Forecast

✓

PAST

100/100

→ Income

✗

HEALTH

0/100

Debt-to-Equity & liquidity

Proven by this page

MOAT

66/100

Proven by this page

✓

GROWTH

100/100

→ Income

INCOME

55/100

→ Income

The Goldman Sachs Group, Inc. Cash Flow History

Metric	TTM	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
Operating Cash Flow	$-45.15B	$-16.28B	$2.68B	$5.67B	$-37.23B
Capital Expenditure	$-2.06B	$-531M	$-558M	$-476M	$-499M
Free Cash Flow	$-47.22B	$-16.81B	$2.12B	$5.2B	$-37.73B