Loading institutional data...
Loading institutional data...
Held by 1,087 of 2,417 reporting institutions (100th percentile) — extremely crowded.
Data as of Q3 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading analysis...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading insider activity...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $5.28B dividends + $12.36B buybacks = $17.64B returned on -$47.22B FCF.
9 consecutive years of dividend increases · 17%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Insufficient data. Current ROIC on all capital: 4%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
No trend data available for this metric.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.” Effective rate ~18.8% on $355.96B of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow on any basis, so a reverse DCF can't be run.
Ranked against 16 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GS | $270.1B | 18.1× | — | — | — | — | — | 13.7% | 3.6% | — | 1,087 |
| BLK | $182.2B | 33.3× | — | 7.5× | 89.3% | — | 22.9% | 9.9% | 8.1% | — | 809 |
| SCHW | $154.7B | 19.2× | — | 6.5× | 22.0% | — | 37.0% | 17.9% | 17.9% | — | 795 |
| HOOD | $82.5B | 44.7× | 35.9× | 18.4× | 51.6% | — | 42.1% | 20.6% | 20.6% | -1.9× | 425 |
| RJF | $31.0B | 15.7× | — | 1.9× | 6.6% | — | 13.4% | 17.1% | 16.2% | — | 258 |
| NMR | $27.7B | 105.2× | — | 1.6× | 15.2% | — | 2.1% | 1.4% | 0.2% | — | 76 |
| FUTU | $14.2B | — | 7.1× | 4.8× | 67.8% | 87.1% | 49.6% | 28.3% | 28.3% | -0.7× | 56 |
| SEIC | $12.4B | 18.6× | — | 5.4× | 8.1% | 35.2% | 31.1% | 29.2% | 29.2% | — | 162 |
| FRHC | $11.7B | 73.2× | — | 5.3× | 9.3% | 96.4% | 7.0% | 10.3% | 10.3% | — | 26 |
| JEF | $11.3B | 17.4× | — | 1.0× | 2.9% | 98.2% | 6.3% | 6.4% | 2.4% | — | 128 |
| SF | $10.3B | 11.7× | — | 1.6× | 6.7% | — | 10.8% | 11.4% | 10.4% | — | 145 |
| MKTX | $5.8B | 24.8× | — | 6.9× | 3.6% | — | 29.1% | 21.5% | 18.1% | — | 76 |
| PIPR | $4.9B | 4.3× | — | 2.5× | 24.3% | — | 14.8% | 20.5% | 20.3% | — | — |
| VIRT | $4.8B | 10.6× | — | 1.3× | 26.2% | — | 12.9% | 29.6% | 12.9% | — | 101 |
| WT | $3.3B | 28.7× | — | 6.6× | 15.4% | — | 22.1% | 26.4% | 26.4% | — | 56 |
| MIAX | $3.1B | — | 22.2× | 2.3× | 19.6% | 31.6% | -5.1% | -7.9% | -7.9% | -3.5× | 28 |
| OPY | $1.2B | 8.3× | — | 0.7× | 14.4% | — | 9.1% | 15.1% | 15.1% | — | 18 |
Peers = companies sharing GS's sector (Security Brokers, Dealers & Flotation Companies) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | $66.81B | $73.34B | $62.16B | $21.35B | $5.65B | $8.94B | $17.38B | $15.91B | $10.18B | $7.10B |
| Interest & Investment Income | $7.60B | $6.00B | $3.86B | $2.20B | $1.59B | — | — | — | — | — |
| Pretax Income | $21.85B | $18.40B | $10.74B | $13.49B | $27.04B | $12.48B | $10.58B | $12.48B | $11.13B | $10.30B |
| Income Tax Expense | $4.68B | $4.12B | $2.22B | $2.23B | $5.41B | $3.02B | $2.12B | $2.02B | $6.85B | $2.91B |
| Net Income | $17.18B | $14.28B | $8.52B | $11.26B | $21.64B | $9.46B | $8.47B | $10.46B | $4.29B | $7.40B |
| Per Share | ||||||||||
| EPS (Basic) | $51.95 | $41.07 | $23.05 | $30.42 | $60.25 | $24.94 | $21.18 | $25.53 | $9.12 | $16.53 |
| EPS (Diluted) | $51.32 | $40.54 | $22.87 | $30.06 | $59.45 | $24.74 | $21.03 | $25.27 | $9.01 | $16.29 |
| Weighted Avg Shares (Basic) | 312.7M | 328.1M | 340.8M | 352.1M | 350.5M | 356.4M | 371.6M | 385.4M | 401.6M | 427.4M |
| Weighted Avg Shares (Diluted) | 317.6M | 333.6M | 345.8M | 358.1M | 355.8M | 360.3M | 375.5M | 390.2M | 409.1M | 435.1M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-28 | 4 co-filers Chief Administrative Officer | Open-market sale | 100 | $926.28 | $93k |
| 2026-10-27 | 4 co-filers Chief Administrative Officer | Open-market sale | 40 | $909.63 | $36k |
| 2026-10-27 | 4 co-filers Chief Administrative Officer | Open-market sale | 52 | $911.21 | $47k |
| 2026-10-27 | 4 co-filers Chief Administrative Officer |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
| Open-market sale |
| 58 |
| $912.23 |
| $53k |
| 2026-10-27 | 6 co-filers Chairman of the Board and CEO | Open-market sale | 9,181 | $910.46 | $8.4m |
| 2026-10-27 | 6 co-filers Chairman of the Board and CEO | Open-market sale | 2,382 | $911.49 | $2.2m |
| 2026-10-27 | 6 co-filers Chairman of the Board and CEO | Open-market sale | 437 | $912.11 | $399k |
| 2026-10-23 | 6 co-filers Chairman of the Board and CEO | Option exercise | 109,896 | — | — |
| 2026-10-23 | 3 co-filers Chief Financial Officer | Option exercise | 36,633 | — | — |
| 2026-10-23 | 3 co-filers Chief Accounting Officer | Option exercise | 18,317 | — | — |
| 2026-10-23 | 3 co-filers President and COO | Option exercise | 73,265 | — | — |
| 2026-10-23 | 3 co-filers Executive Vice President | Option exercise | 36,633 | — | — |
| 2026-10-23 | 6 co-filers Chairman of the Board and CEO | Tax withholding | 60,773 | $891.30 | $54.2m |
| 2026-10-23 | 3 co-filers Executive Vice President | Tax withholding | 18,562 | $891.30 | $16.5m |
| 2026-10-23 | 3 co-filers President and COO | Tax withholding | 40,516 | $891.30 | $36.1m |
| 2026-10-23 | 3 co-filers Chief Accounting Officer | Tax withholding | 10,130 | $891.30 | $9.0m |
| 2026-10-23 | 3 co-filers Chief Financial Officer | Tax withholding | 20,259 | $891.30 | $18.1m |
| 2026-10-23 | 3 co-filers Chief Accounting Officer | Option exercise | 18,317 | — | — |
| 2026-10-23 | 3 co-filers President and COO | Option exercise | 73,265 | — | — |
| 2026-10-23 | 3 co-filers Executive Vice President | Option exercise | 36,633 | — | — |
| 2026-10-23 | 3 co-filers Chief Financial Officer | Option exercise | 36,633 | — | — |
| 2026-10-23 | 6 co-filers Chairman of the Board and CEO | Option exercise | 109,896 | — | — |
| 2026-10-22 | 2 co-filers Chief Administrative Officer | Open-market sale | 183 | $890.03 | $163k |
| 2026-10-22 | 2 co-filers Chief Administrative Officer | Open-market sale | 67 | $890.85 | $60k |
| 2026-10-14 | Hess John B Director | Grant | 29 | $0.00 | — |
| 2026-10-14 | Johnson Kevin R Director | Grant | 44 | $0.00 | — |
| 2026-10-14 | Flaherty Mark A. Director | Grant | 29 | $0.00 | — |
| 2026-10-14 | Oppenheimer Peter Director | Grant | 65 | $0.00 | — |
| 2026-08-28 | Leslie Ericka T Chief Administrative Officer | Open-market sale | 600 | $1033.80 | $620k |
| 2026-08-04 | 3 co-filers Chief Administrative Officer | Open-market sale | 37 | $1053.05 | $39k |
| 2026-08-04 | 3 co-filers Chief Administrative Officer | Open-market sale | 129 | $1054.18 | $136k |
| 2026-08-04 | 3 co-filers Chief Administrative Officer | Open-market sale | 9 | $1054.77 | $9k |
| 2026-07-15 | Oppenheimer Peter Director | Grant | 50 | $0.00 | — |
| 2026-07-15 | 2 co-filers Chief Administrative Officer | Open-market sale | 101 | $1151.29 | $116k |
| 2026-07-15 | Flaherty Mark A. Director | Grant | 22 | $0.00 | — |
| 2026-07-15 | Johnson Kevin R Director | Grant | 33 | $0.00 | — |
| 2026-07-15 | Viniar David A Director | Gift | 2,000 | $0.00 | $0 |
| 2026-07-15 | Hess John B Director | Grant | 22 | $0.00 | — |
| 2026-07-15 | 2 co-filers Chief Administrative Officer | Open-market sale | 149 | $1152.15 | $172k |
| 2026-05-14 | 4 co-filers Chief Financial Officer | Open-market sale | 2,509 | $972.29 | $2.4m |
EOD close · as of 2026-10-29
Where each multiple sits in its own 14-yr range · 96th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 14% against ROIC 4% — 10% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on GS: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
Leverage and buybacks account for 10 points of the 14% return on equity in FY2025. The business earns 4% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: positive EBIT.
Free cash flow has fallen short of reported profit in 3 of the last three years.
Reported free cash flow is -$47.22B; after share-based compensation it is -$50.66B. The difference is a real cost that the cash flow statement adds back.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: ebitda.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.
| Step | Amount | Running total |
|---|---|---|
| Net income | $17.18B | $17.18B |
| Share-based comp | $3.44B | $20.62B |
| Other non-cash & working capital | −$65.78B | −$45.15B |
| Operating cash flow | −$45.15B | −$45.15B |
| Capex | −$2.06B | −$47.22B |
| Free cash flow | −$47.22B | −$47.22B |
| FCF after SBC | −$50.66B | −$50.66B |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -1.6 percent |
| FY2020 | 2.4 percent |
| FY2021 | 1.1 percent |
| FY2022 | 0.2 percent |
| FY2023 | 1.3 percent |
| FY2024 | 1.6 percent |
| FY2025 | 3.4 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.