Bank of America vs Goldman Sachs
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The short version
- Bank of America is the larger business, with $113.1B of revenue in fiscal 2025 against $58.3B for Goldman Sachs, about 1.9 times as much.
- Goldman Sachs grew revenue faster (8.9%, against 6.8%).
- Investors pay more for each dollar of Goldman Sachsβs earnings: a P/E of 13.5x against 11.6x for Bank of America.
| Latest fiscal year | BAC Β· FY25 | GS Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $388.3B | $278.1B |
| Revenue | $113.1B | $58.3B |
| Free cash flow | β | β |
| Net income | $30.5B | $17.2B |
| Growth | ||
| Revenue growth | 6.8% | 8.9% |
| 5-year growth | 5.8% | 5.5% |
| Share count change | β3.2% | β4.8% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 27.0% | 29.5% |
| FCF margin | β | β |
| Return on capital | β | β |
| Return on equity | 10.2% | 13.9% |
| Balance sheet | ||
| Net debt | β | β |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $31.0B | $17.6B |
| Valuation & quality | ||
| P/E | 11.6x | 13.5x |
| Piotroski F-score | β | β |
Revenue
FY16
BAC $83.7B
GS $30.8B
FY17
BAC $87.1B
GS $32.7B
FY18
BAC $91.0B
GS $36.6B
FY19
BAC $91.2B
GS $36.5B
FY20
BAC $85.5B
GS $44.6B
FY21
BAC $89.1B
GS $59.3B
FY22
BAC $95.0B
GS $47.4B
FY23
BAC $102.8B
GS $46.3B
FY24
BAC $105.9B
GS $53.5B
FY25
BAC $113.1B
GS $58.3B
BAC
GS
Operating margin
FY16
BAC β
GS β
FY17
BAC β
GS β
FY18
BAC β
GS β
FY19
BAC β
GS β
FY20
BAC β
GS β
FY21
BAC β
GS β
FY22
BAC β
GS β
FY23
BAC β
GS β
FY24
BAC β
GS β
FY25
BAC β
GS β
BAC
GS
Free cash flow
FY16
BAC β
GS β
FY17
BAC β
GS β
FY18
BAC β
GS β
FY19
BAC β
GS β
FY20
BAC β
GS β
FY21
BAC β
GS β
FY22
BAC β
GS β
FY23
BAC β
GS β
FY24
BAC β
GS β
FY25
BAC β
GS β
BAC
GS
Return on capital
FY16
BAC β
GS β
FY17
BAC β
GS β
FY18
BAC β
GS β
FY19
BAC β
GS β
FY20
BAC β
GS β
FY21
BAC β
GS β
FY22
BAC β
GS β
FY23
BAC β
GS β
FY24
BAC β
GS β
FY25
BAC β
GS β
BAC
GS
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.