Goldman Sachs Group Inc (GS) — Cash Flow Quality Index
Goldman Sachs Group Inc (GS) has a Cash Flow Quality Index of -3.53x as of December 2025. Operating cash flow of $-16.28 Billion is below net income of $4.62 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Goldman Sachs Group Inc cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Goldman Sachs Group Inc Cash Flow Quality Index (1999–2025)
Historical Cash Flow Quality Index for Goldman Sachs Group Inc across 27 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see GS cash generation efficiency.
Annual Cash Flow Quality Index for Goldman Sachs Group Inc (1999–2025)
Year-by-year earnings quality comparison for Goldman Sachs Group Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | -2.63x | $-45.15 Billion | $17.18 Billion | ▼ -184.1% |
| 2024 | -0.93x | $-13.21 Billion | $14.28 Billion | ▲ +37.4% |
| 2023 | -1.48x | $-12.59 Billion | $8.52 Billion | ▼ -291.1% |
| 2022 | 0.77x | $8.71 Billion | $11.26 Billion | ▲ +1716.5% |
| 2021 | 0.04x | $921.00 Million | $21.64 Billion | ▲ +102.9% |
| 2020 | -1.45x | $-13.73 Billion | $9.46 Billion | ▼ -151.5% |
| 2019 | 2.82x | $23.87 Billion | $8.47 Billion | ▲ +44.4% |
| 2018 | 1.95x | $20.42 Billion | $10.46 Billion | ▲ +147.2% |
| 2017 | -4.14x | $-17.74 Billion | $4.29 Billion | ▼ -649.8% |
| 2016 | 0.75x | $5.57 Billion | $7.40 Billion | ▼ -34.2% |
| 2015 | 1.14x | $6.96 Billion | $6.08 Billion | ▲ +227.3% |
| 2014 | -0.90x | $-7.62 Billion | $8.48 Billion | ▼ -259.1% |
| 2013 | 0.57x | $4.54 Billion | $8.04 Billion | ▼ -67.2% |
| 2012 | 1.72x | $12.88 Billion | $7.47 Billion | ▼ -64.6% |
| 2011 | 4.87x | $21.64 Billion | $4.44 Billion | ▲ +761.2% |
| 2010 | -0.74x | $-6.16 Billion | $8.35 Billion | ▼ -120.2% |
| 2009 | 3.65x | $48.88 Billion | $13.38 Billion | ▲ +347.7% |
| 2008 | 0.82x | $1.89 Billion | $2.32 Billion | ▲ +113.9% |
| 2007 | -5.88x | $-68.20 Billion | $11.60 Billion | ▼ -17.8% |
| 2006 | -4.99x | $-47.62 Billion | $9.54 Billion | ▼ -126.3% |
| 2005 | -2.21x | $-12.41 Billion | $5.63 Billion | ▲ +70.1% |
| 2004 | -7.38x | $-33.61 Billion | $4.55 Billion | ▼ -41.7% |
| 2003 | -5.21x | $-15.65 Billion | $3.00 Billion | ▼ -9.3% |
| 2002 | -4.77x | $-10.08 Billion | $2.11 Billion | ▲ +27.4% |
| 2001 | -6.57x | $-15.18 Billion | $2.31 Billion | ▼ -281.0% |
| 2000 | 3.63x | $11.13 Billion | $3.07 Billion | ▲ +178.1% |
| 1999 | -4.65x | $-12.59 Billion | $2.71 Billion | — |