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
Goldman Sachs Group Inc (GS) - Net Assets
Latest net assets as of December 2025: $124.97 Billion USD
Based on the latest financial reports, Goldman Sachs Group Inc (GS) has net assets worth $124.97 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.81 Trillion) and total liabilities ($1.68 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $124.97 Billion |
| % of Total Assets | 6.91% |
| Annual Growth Rate | 10.14% |
| 5-Year Change | 13.69% |
| 10-Year Change | 43.82% |
| Growth Volatility | 15.22 |
Goldman Sachs Group Inc - Net Assets Trend (1999–2025)
This chart illustrates how Goldman Sachs Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Goldman Sachs Group Inc (1999–2025)
The table below shows the annual net assets of Goldman Sachs Group Inc from 1999 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $124.97 Billion | +2.44% |
| 2024-12-31 | $122.00 Billion | +4.35% |
| 2023-12-31 | $116.91 Billion | -0.24% |
| 2022-12-31 | $117.19 Billion | +6.61% |
| 2021-12-31 | $109.93 Billion | +14.51% |
| 2020-12-31 | $96.00 Billion | +6.67% |
| 2019-12-31 | $90.00 Billion | 0.00% |
| 2018-12-31 | $90.00 Billion | +9.43% |
| 2017-12-31 | $82.24 Billion | -5.35% |
| 2016-12-31 | $86.89 Billion | +0.19% |
| 2015-12-31 | $86.73 Billion | +4.75% |
| 2014-12-31 | $82.80 Billion | +5.52% |
| 2013-12-31 | $78.47 Billion | +3.63% |
| 2012-12-31 | $75.72 Billion | +7.58% |
| 2011-12-31 | $70.38 Billion | -9.02% |
| 2010-12-31 | $77.36 Billion | +9.39% |
| 2009-12-31 | $70.71 Billion | +9.86% |
| 2008-12-31 | $64.37 Billion | +50.39% |
| 2007-12-31 | $42.80 Billion | +19.60% |
| 2006-12-31 | $35.79 Billion | +27.80% |
| 2005-12-31 | $28.00 Billion | +11.66% |
| 2004-12-31 | $25.08 Billion | +15.93% |
| 2003-12-31 | $21.63 Billion | +13.83% |
| 2002-12-31 | $19.00 Billion | +4.23% |
| 2001-12-31 | $18.23 Billion | +10.29% |
| 2000-12-31 | $16.53 Billion | +62.94% |
| 1999-12-31 | $10.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Goldman Sachs Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 37127.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $165.29 Billion | 132.26% |
| Common Stock | $9.00 Million | 0.01% |
| Other Comprehensive Income | $-2.26 Billion | -1.81% |
| Total Equity | $124.97 Billion | 100.00% |
Goldman Sachs Group Inc Competitors by Market Cap
The table below lists competitors of Goldman Sachs Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SAP SE
PINK:SAPGF
|
$238.59 Billion |
|
The Goldman Sachs Group, Inc.
LSE:0R3G
|
$241.92 Billion |
|
Roche Holding AG
OTCQX:RHHBF
|
$243.19 Billion |
|
UnitedHealth Group Incorporated
NYSE:UNH
|
$256.27 Billion |
|
Wells Fargo & Company
NYSE:WFC
|
$233.66 Billion |
|
International Business Machines
NYSE:IBM
|
$232.33 Billion |
|
McDonald’s Corporation
NYSE:MCD
|
$231.14 Billion |
|
Royal Bank of Canada
NYSE:RY
|
$229.26 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldman Sachs Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 121,996,000,000 to 124,972,000,000, a change of 2,976,000,000 (2.4%).
- Net income of 17,176,000,000 contributed positively to equity growth.
- Dividend payments of 5,277,000,000 reduced retained earnings.
- Share repurchases of 12,360,000,000 reduced equity.
- New share issuances of 1,895,000,000 increased equity.
- Other comprehensive income increased equity by 442,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.18 Billion | +13.74% |
| Dividends Paid | $5.28 Billion | -4.22% |
| Share Repurchases | $12.36 Billion | -9.89% |
| Share Issuances | $1.90 Billion | +1.52% |
| Other Comprehensive Income | $442.00 Million | +0.35% |
| Other Changes | $1.10 Billion | +0.88% |
| Total Change | $- | 2.44% |
Book Value vs Market Value Analysis
This analysis compares Goldman Sachs Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 38.06x to 2.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $20.88 | $794.77 | x |
| 2000-12-31 | $32.32 | $794.77 | x |
| 2001-12-31 | $33.65 | $794.77 | x |
| 2002-12-31 | $36.19 | $794.77 | x |
| 2003-12-31 | $42.26 | $794.77 | x |
| 2004-12-31 | $49.13 | $794.77 | x |
| 2005-12-31 | $55.98 | $794.77 | x |
| 2006-12-31 | $74.96 | $794.77 | x |
| 2007-12-31 | $92.80 | $794.77 | x |
| 2008-12-31 | $141.10 | $794.77 | x |
| 2009-12-31 | $128.36 | $794.77 | x |
| 2010-12-31 | $132.16 | $794.77 | x |
| 2011-12-31 | $126.38 | $794.77 | x |
| 2012-12-31 | $146.71 | $794.77 | x |
| 2013-12-31 | $157.06 | $794.77 | x |
| 2014-12-31 | $174.97 | $794.77 | x |
| 2015-12-31 | $189.11 | $794.77 | x |
| 2016-12-31 | $199.71 | $794.77 | x |
| 2017-12-31 | $201.03 | $794.77 | x |
| 2018-12-31 | $230.65 | $794.77 | x |
| 2019-12-31 | $239.68 | $794.77 | x |
| 2020-12-31 | $266.44 | $794.77 | x |
| 2021-12-31 | $308.95 | $794.77 | x |
| 2022-12-31 | $327.25 | $794.77 | x |
| 2023-12-31 | $338.07 | $794.77 | x |
| 2024-12-31 | $365.70 | $794.77 | x |
| 2025-12-31 | $393.49 | $794.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldman Sachs Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.74%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.73%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 14.48x
- Recent ROE (13.74%) is above the historical average (13.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 26.69% | 10.68% | 0.10x | 24.69x | $1.69 Billion |
| 2000 | 18.55% | 9.29% | 0.12x | 17.21x | $1.41 Billion |
| 2001 | 12.67% | 7.42% | 0.10x | 17.13x | $486.90 Million |
| 2002 | 11.12% | 9.25% | 0.06x | 18.71x | $213.70 Million |
| 2003 | 13.89% | 12.72% | 0.06x | 18.67x | $841.80 Million |
| 2004 | 18.15% | 15.26% | 0.06x | 21.19x | $2.05 Billion |
| 2005 | 20.09% | 12.97% | 0.06x | 25.24x | $2.83 Billion |
| 2006 | 26.65% | 13.75% | 0.08x | 23.42x | $5.96 Billion |
| 2007 | 27.10% | 13.19% | 0.08x | 26.16x | $7.32 Billion |
| 2008 | 3.61% | 4.33% | 0.06x | 13.74x | $-4.11 Billion |
| 2009 | 18.93% | 25.90% | 0.06x | 12.01x | $6.31 Billion |
| 2010 | 10.80% | 18.17% | 0.05x | 11.78x | $618.40 Million |
| 2011 | 6.31% | 12.07% | 0.04x | 13.12x | $-2.60 Billion |
| 2012 | 9.87% | 17.94% | 0.04x | 12.40x | $-96.60 Million |
| 2013 | 10.25% | 19.67% | 0.04x | 11.62x | $193.30 Million |
| 2014 | 10.24% | 21.15% | 0.05x | 10.34x | $197.30 Million |
| 2015 | 7.01% | 15.53% | 0.05x | 9.93x | $-2.59 Billion |
| 2016 | 8.51% | 19.52% | 0.04x | 9.90x | $-1.29 Billion |
| 2017 | 5.21% | 10.01% | 0.05x | 11.15x | $-3.94 Billion |
| 2018 | 11.62% | 19.97% | 0.06x | 10.37x | $1.46 Billion |
| 2019 | 9.41% | 15.71% | 0.05x | 11.03x | $-534.00 Million |
| 2020 | 9.85% | 17.68% | 0.05x | 12.11x | $-141.00 Million |
| 2021 | 19.68% | 33.29% | 0.04x | 13.32x | $10.64 Billion |
| 2022 | 9.61% | 16.39% | 0.05x | 12.30x | $-457.90 Million |
| 2023 | 7.28% | 7.85% | 0.07x | 14.04x | $-3.17 Billion |
| 2024 | 11.70% | 11.25% | 0.08x | 13.74x | $2.08 Billion |
| 2025 | 13.74% | 13.73% | 0.07x | 14.48x | $4.68 Billion |
Industry Comparison
This section compares Goldman Sachs Group Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $157,964,914
- Average return on equity (ROE) among peers: -57.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldman Sachs Group Inc (GS) | $124.97 Billion | 26.69% | 13.48x | $236.20 Billion |
| Armada Mercantile Ltd (AAMTF) | $-163.70K | 0.00% | 0.00x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $980.15 Million | 55.52% | 2.82x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-8.36 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $473.78 Million | 8.36% | 0.14x | $200.98 Million |
| Abits Group Inc. (ABTS) | $6.74 Million | -73.26% | 1.15x | $4.60 Million |
| Argentex Group PLC (AGXTF) | $41.00 Million | 12.44% | 1.72x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $33.15 Million | 5.93% | 0.34x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $13.03 Million | -530.34% | 8.88x | $1.38 Million |