Goldman Sachs Group Inc (GS) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Goldman Sachs Group Inc (GS) has a cash flow conversion efficiency ratio of -0.130x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-16.28 Billion) by net assets ($124.97 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See GS net asset quality score to measure how much of total assets are equity-financed.
Goldman Sachs Group Inc - Cash Flow Conversion Efficiency Trend (1999–2025)
This chart illustrates how Goldman Sachs Group Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check GS operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Goldman Sachs Group Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Goldman Sachs Group Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Shell PLC ADR
NYSE:SHEL
|
0.031x |
|
Westpac Banking Corporation
AU:WBCPI
|
-0.064x |
|
RTX Corporation
NYSE:RTX
|
0.027x |
|
Kweichow Moutai Co Ltd
SHG:600519
|
0.095x |
|
CHINA CON.BANK ADR/20 YC1
F:C6TB
|
0.158x |
|
Nestlé S.A
F:NESM
|
0.137x |
|
Arm Holdings plc American Depositary Shares
NASDAQ:ARM
|
0.031x |
|
BHP Group Ltd
AU:BHP
|
0.172x |
Annual Cash Flow Conversion Efficiency for Goldman Sachs Group Inc (1999–2025)
The table below shows the annual cash flow conversion efficiency of Goldman Sachs Group Inc from 1999 to 2025. For the full company profile with market capitalisation and key ratios, see GS market cap overview.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $124.97 Billion | $-45.15 Billion | -0.361x | -233.63% |
| 2024-12-31 | $122.00 Billion | $-13.21 Billion | -0.108x | -0.59% |
| 2023-12-31 | $116.91 Billion | $-12.59 Billion | -0.108x | -244.90% |
| 2022-12-31 | $117.19 Billion | $8.71 Billion | 0.074x | +786.90% |
| 2021-12-31 | $109.93 Billion | $921.00 Million | 0.008x | +105.86% |
| 2020-12-31 | $96.00 Billion | $-13.73 Billion | -0.143x | -153.92% |
| 2019-12-31 | $90.00 Billion | $23.87 Billion | 0.265x | +16.88% |
| 2018-12-31 | $90.00 Billion | $20.42 Billion | 0.227x | +205.18% |
| 2017-12-31 | $82.24 Billion | $-17.74 Billion | -0.216x | -436.54% |
| 2016-12-31 | $86.89 Billion | $5.57 Billion | 0.064x | -20.13% |
| 2015-12-31 | $86.73 Billion | $6.96 Billion | 0.080x | +187.18% |
| 2014-12-31 | $82.80 Billion | $-7.62 Billion | -0.092x | -259.02% |
| 2013-12-31 | $78.47 Billion | $4.54 Billion | 0.058x | -65.96% |
| 2012-12-31 | $75.72 Billion | $12.88 Billion | 0.170x | -44.69% |
| 2011-12-31 | $70.38 Billion | $21.64 Billion | 0.308x | +486.40% |
| 2010-12-31 | $77.36 Billion | $-6.16 Billion | -0.080x | -111.52% |
| 2009-12-31 | $70.71 Billion | $48.88 Billion | 0.691x | +2248.97% |
| 2008-12-31 | $64.37 Billion | $1.89 Billion | 0.029x | +101.85% |
| 2007-12-31 | $42.80 Billion | $-68.20 Billion | -1.593x | -19.75% |
| 2006-12-31 | $35.79 Billion | $-47.62 Billion | -1.331x | -200.17% |
| 2005-12-31 | $28.00 Billion | $-12.41 Billion | -0.443x | +66.92% |
| 2004-12-31 | $25.08 Billion | $-33.61 Billion | -1.340x | -85.19% |
| 2003-12-31 | $21.63 Billion | $-15.65 Billion | -0.724x | -36.47% |
| 2002-12-31 | $19.00 Billion | $-10.08 Billion | -0.530x | +36.30% |
| 2001-12-31 | $18.23 Billion | $-15.18 Billion | -0.832x | -223.57% |
| 2000-12-31 | $16.53 Billion | $11.13 Billion | 0.674x | +154.28% |
| 1999-12-31 | $10.14 Billion | $-12.59 Billion | -1.241x | -- |
About Goldman Sachs Group Inc
The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through three segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. The Global Banking & Markets segment provides financial advi… Read more