Last 47 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
The Goldman Sachs Group, Inc.'s quarterly P/E stands at 16.3x, up 10.3% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 6.6% YoY to 31.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 21.20 | 16.25 | 16.16 | 9.67 | 11.98 | 14.74 | 13.12 | 9.02 | 17.44 | 14.79 | 26.18 | 9.30 | 25.86 |
| — | +10.3% | +23.2% | +7.3% | -31.3% | -0.4% | -49.9% | -3.1% | -32.6% | +66.5% | +172.5% | +21.3% | +202.0% | |
| P/S Ratio | 2.10 | 1.95 | 1.80 | 1.40 | 1.46 | 1.30 | 1.22 | 1.09 | 1.17 | 0.98 | 1.07 | 1.13 | 1.46 |
| — | +50.2% | +48.0% | +28.4% | +24.5% | +33.2% | +13.2% | -3.3% | -19.9% | -31.5% | -39.8% | -44.8% | -39.8% | |
| P/B Ratio | 2.35 | 1.89 | 1.82 | 1.43 | 1.54 | 1.35 | 1.27 | 1.20 | 1.14 | 0.95 | 0.96 | 0.98 | 1.05 |
| — | +40.2% | +42.9% | +19.2% | +35.1% | +42.4% | +32.1% | +22.3% | +9.2% | +7.5% | +5.8% | -4.1% | -14.8% | |
| P/FCF | — | 29.55 | 10.84 | — | 1.02 | — | 6.80 | — | — | — | 0.90 | 3.26 | — |
| — | — | +59.4% | — | — | — | +658.8% | — | — | — | +48.5% | — | — | |
| EV / EBITDA | 33.76 | 31.52 | 30.29 | 25.17 | 27.06 | 33.75 | 28.51 | 22.58 | 39.14 | 23.90 | 28.56 | 20.60 | 34.91 |
| — | -6.6% | +6.2% | +11.5% | -30.9% | +41.2% | -0.2% | +9.6% | +12.1% | +45.7% | +47.5% | +22.9% | +113.0% | |
| EV / EBIT | 38.15 | 34.63 | 34.06 | 27.43 | 29.62 | 39.00 | 33.21 | 25.28 | 52.68 | 37.02 | 54.79 | 25.61 | 51.50 |
| — | -11.2% | +2.6% | +8.5% | -43.8% | +5.4% | -39.4% | -1.3% | +2.3% | +91.7% | +143.7% | +38.2% | +186.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
The Goldman Sachs Group, Inc.'s operating margin was 16.8% in Q3 2025, up 0.9 pp QoQ and up 4.1 pp YoY. Gross margin expanded 18.3% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.1% | 46.2% | 45.4% | 46.8% | 41.9% | 39.0% | 39.9% | 42.9% | 37.7% | 41.4% | 39.5% | 48.8% | 46.0% |
| — | +18.3% | +13.7% | +9.2% | +11.1% | -5.7% | +1.2% | -12.2% | -17.9% | -33.2% | -47.2% | -43.5% | -48.2% | |
| Operating Margin | 14.5% | 16.8% | 15.9% | 17.9% | 16.3% | 12.6% | 12.6% | 16.2% | 7.9% | 9.7% | 6.7% | 15.7% | 7.3% |
| — | +32.6% | +26.3% | +10.7% | +105.9% | +30.9% | +88.4% | +2.8% | +8.3% | -52.5% | -71.8% | -51.6% | -79.8% | |
| Net Margin | 11.3% | 12.7% | 11.9% | 15.0% | 12.8% | 9.5% | 9.8% | 12.8% | 7.1% | 7.2% | 4.7% | 12.7% | 6.3% |
| — | +34.4% | +22.0% | +17.7% | +80.7% | +31.5% | +109.0% | +0.1% | +11.4% | -56.6% | -76.1% | -53.7% | -77.7% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.0% | 3.2% | 3.0% | 3.8% | 3.4% | 2.5% | 2.6% | 3.5% | 1.7% | 1.8% | 1.0% | 2.8% | 1.1% |
| — | +28.6% | +17.2% | +9.6% | +97.1% | +41.1% | +146.0% | +27.4% | +52.9% | -32.0% | -58.6% | -21.2% | -69.2% | |
| ROA | 0.9% | 0.2% | 0.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% |
| — | +28.9% | +15.5% | +11.3% | +93.5% | +35.3% | +132.2% | +14.0% | +41.0% | -32.8% | -57.4% | -15.9% | -67.3% | |
| ROIC | 1.9% | 0.5% | 0.5% | 0.6% | 0.5% | 0.4% | 0.4% | 0.6% | 0.2% | 0.3% | 0.2% | 0.5% | 0.2% |
| — | +26.7% | +22.2% | +3.7% | +114.4% | +32.7% | +107.5% | +10.5% | +24.0% | -32.4% | -53.3% | -12.6% | -68.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The Goldman Sachs Group, Inc.'s Debt/EBITDA ratio is 112.3x, up from 108.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 45.3% YoY to 0.50x, tightening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.06 | 5.02 | 4.86 | 4.91 | 5.06 | 5.06 | 4.81 | 5.04 | 4.99 | 4.58 | 4.63 | 4.45 | 3.71 |
| — | -0.7% | +1.0% | -2.6% | +1.4% | +10.5% | +3.9% | +13.1% | +34.5% | +16.4% | +9.1% | +2.3% | -16.4% | |
| Debt / EBITDA | 29.68 | 112.27 | 108.18 | 99.10 | 107.20 | 133.01 | 125.99 | 101.84 | 192.20 | 125.74 | 161.98 | 105.47 | 192.53 |
| — | -15.6% | -14.1% | -2.7% | -44.2% | +5.8% | -22.2% | -3.4% | -0.2% | +18.5% | +33.2% | +8.2% | +117.6% | |
| Current Ratio | 0.93 | 0.50 | 0.30 | 0.90 | 0.93 | 0.92 | 0.92 | 0.92 | 0.94 | 0.93 | 0.92 | 0.91 | 0.89 |
| — | -45.3% | -67.7% | -1.9% | -1.1% | -1.0% | +0.4% | +0.7% | +4.8% | +2.8% | +2.0% | -3.9% | -8.1% | |
| Quick Ratio | 0.93 | 0.50 | 0.30 | 0.90 | 0.93 | 0.92 | 0.92 | 0.92 | 0.94 | 0.93 | 0.92 | 0.91 | 0.89 |
| — | -45.3% | -67.7% | -1.9% | -1.1% | -1.0% | +0.4% | +0.7% | +4.8% | +2.8% | +2.0% | -3.9% | -8.1% | |
| Interest Coverage | 0.25 | 0.32 | 0.30 | 0.34 | 0.29 | 0.21 | 0.21 | 0.29 | 0.13 | 0.16 | 0.11 | 0.30 | 0.15 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Start ComparisonThe Goldman Sachs Group, Inc.'s current P/E is 21.2x. The average P/E over the last 4 quarters is 13.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Goldman Sachs Group, Inc.'s current operating margin is 14.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Goldman Sachs Group, Inc.'s business trajectory between earnings reports.