Goldman Sachs Group Inc (GS) — Cash Flow Reinvestment Rate

Latest as of September 2025: 2.12x

Goldman Sachs Group Inc (GS) has a Cash Flow Reinvestment Rate of 2.12x as of September 2025, reinvesting $5.67 Billion (capex $558.00 Million plus investments $-5.11 Billion) from operating cash flow of $2.68 Billion. Check GS cash flow quality score to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

2.12x
(Capex + Investments) / Operating CF

Total Reinvested

$5.67 Billion
Capex + Investments

Operating Cash Flow

$2.68 Billion
USD

Capital Expenditures

$558.00 Million
USD

Goldman Sachs Group Inc Cash Flow Reinvestment Rate (2000–2022)

Historical reinvestment intensity for Goldman Sachs Group Inc across 12 annual periods. Explore GS long-term investments to assets to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Goldman Sachs Group Inc (2000–2022)

Year-by-year capital reinvestment analysis for Goldman Sachs Group Inc. For live market cap and broader valuation context, see market value of Goldman Sachs Group Inc.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2022 8.79x $76.55 Billion $8.71 Billion $3.75 Billion ▼ -76.5%
2021 37.35x $34.40 Billion $921.00 Million $4.67 Billion ▲ +2865.0%
2019 1.26x $30.07 Billion $23.87 Billion $8.44 Billion ▼ -1.9%
2018 1.28x $26.23 Billion $20.42 Billion $7.98 Billion ▲ +18.6%
2016 1.08x $6.03 Billion $5.57 Billion $2.88 Billion ▼ -55.6%
2015 2.44x $16.99 Billion $6.96 Billion $1.83 Billion ▲ +237.3%
2013 0.72x $3.29 Billion $4.54 Billion $706.00 Million ▲ +532.8%
2012 0.11x $1.47 Billion $12.88 Billion $961.00 Million ▲ +109.1%
2011 0.05x $1.18 Billion $21.64 Billion $1.18 Billion ▲ +71.8%
2009 0.03x $1.56 Billion $48.88 Billion $1.56 Billion ▼ -97.0%
2008 1.07x $2.03 Billion $1.89 Billion $2.03 Billion ▲ +236.6%
2000 0.32x $3.54 Billion $11.13 Billion $3.54 Billion
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow