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. See Goldman Sachs Group Inc free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.

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. For the full cash flow conversion analysis, see Goldman Sachs Group Inc cash flow conversion.

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

Year-by-year capital reinvestment analysis for Goldman Sachs Group Inc. See how financially flexible is Goldman Sachs Group Inc to measure the company's free cash flow as a share of total liabilities.

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