Goldman Sachs vs JPMorgan Chase GS vs JPM
Goldman Sachs and JPMorgan Chase on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
What differs most
- Market value: JPMorgan Chase $887.94B, Goldman Sachs $260.10B.
- Debt / equity: Goldman Sachs 6.7×, JPMorgan Chase 3.3×.
- EV / EBITDA: Goldman Sachs 33.3×, JPMorgan Chase 19.5×.
- Consensus revenue growth for next year: JPMorgan Chase −25.5%, Goldman Sachs −41.3%.
Price return
2025-10-26 → 2026-10-26
GS+14.0%
JPM+11.2%
Profile
latestSector
Financial Services
Financial Services
Industry
Financial - Capital Markets
Banks - Diversified
Market value
$260.10B
$887.94B
Enterprise value
$1.10T
$1.80T
Employees
47,400
320,560
Revenue per employee (TTM)
$2.6M
$940K
Our models
nightlythe valuation on each stock's pagePrice vs model
1% undervalued vs model
9% overvalued vs model
Model range
$835–1033
$267–356
Models in the headline
1
1
FCF growth priced in, at a 10% return
—
—
Every model, its assumptions and its range: GS valuation · JPM valuation. The growth priced in, at any return: GS reverse DCF · JPM reverse DCF.
Trading
close 2026-10-26Last close
$893.28
$334.04
52-week high
$1152.07
$365.18
52-week low
$773.70
$282.84
Price vs 52-week high
−22.5%
−8.5%
Price vs 52-week low
+15.5%
+18.1%
Average daily volume / shares
0.7%
0.3%
Beta
1.28
1.01
Returns
to 2026-10-261 month
−4.5%
−2.0%
3 months
−15.8%
−5.4%
6 months
−3.6%
+8.4%
Year to date
+1.6%
+3.7%
1 year
+14.0%
+11.2%
1 year, dividends added
+16.3%
+13.2%
2 years
+74.3%
+50.3%
Valuation
price × TTM to Sep 2026P/E (TTM)
12.8×
14.0×
P/E on consensus EPS (next FY)
12.6×
13.5×
Price / sales
2.1×
2.9×
EV / sales
8.9×
6.0×
EV / EBITDA
33.3×
19.5×
Price / book
2.1×
2.4×
Price / free cash flow (FY)
n/m
n/m
Free-cash-flow yield (FY)
−18.2%
−16.6%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
−41.3%
−25.5%
Revenue, 3-year CAGR
22.1%
22.1%
Revenue, 5-year CAGR
18.5%
16.6%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+38.6%
+23.5%
EPS, 3-year CAGR
19.5%
18.3%
Free cash flow, 3-year CAGR
—
—
Diluted shares, 3-year change
−11.3%
−6.3%
Profitability
TTM to Sep 2026Gross margin (FY)†
47.5%
59.9%
Operating margin
25.0%
28.3%
EBITDA margin
26.7%
30.6%
Net margin
18.0%
21.9%
Free-cash-flow margin (FY)
−37.7%
−52.8%
Return on equity
17.7%
17.7%
Return on assets
1.0%
1.3%
Asset turnover
0.06
0.06
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
MRQ Sep 2026Cash
$177.0M
$326.27B
Total debt
$839.00B
$1.23T
Net debt
$838.82B
$908.62B
Debt / equity
6.7×
3.3×
Net debt / EBITDA (TTM)
25.4×
9.8×
Interest coverage (FY)
0.3×
0.7×
Current ratio (FY)
0.83
0.52
Dividends
trailing 12 monthsDividend yield
2.0%
1.8%
Dividends per share
$18.00
$6.15
Payout ratio (of TTM EPS)
25.9%
25.8%
Dividend per share, 5-year CAGR
25.6%
10.7%
Frequency
Quarterly
Quarterly
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
6
17
Insider open-market buys (Form 4)
$0
$0
Insider sales (Form 4)
$1.0M
$1.8M
Analyst upgrades
1
0
Analyst downgrades
0
0
Statements
income TTM to Sep 2026 · cash flow FY2025Revenue
$123.48B
$301.33B
EBITDA
$33.01B
$92.28B
Operating income
$30.87B
$85.29B
Net income
$22.17B
$65.98B
EPS (diluted)
$69.54
$23.85
Operating cash flow
−$45.15B
−$147.78B
Capital expenditure
−$2.06B
$0
Free cash flow
−$47.22B
−$147.78B
Dividends paid
$5.28B
$16.63B
Keep comparing
Goldman Sachs against
JPMorgan Chase against
Statements, prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.