GS vs SCHW
Goldman Sachs Group Inc. and Schwab Charles Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GS | SCHW |
|---|---|---|
| Revenue | $58.3B | $23.9B |
| Net income | $17.2B | $8.9B |
| Gross margin | · | · |
| Net margin | 29.5% | 37.0% |
| Return on equity | 13.9% | 18.1% |
| Diluted EPS | $51.32 | $4.65 |
| Dividend / share | $14.00 | $1.08 |
| Payout ratio | 30.7% | 26.3% |
| Free cash flow | $-47.2B | $8.8B |
| Equity | $125.0B | $49.4B |
| Net debt / equity | · | −0.34× |
| Current ratio | · | · |
| Revenue CAGR 5y | 5.5% | 15.4% |
| Profit CAGR 5y | 12.7% | 21.8% |
GS bills 2.4× the revenue of SCHW, and SCHW keeps more of each dollar of revenue as profit (37.0% against 29.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | GS | SCHW |
|---|---|---|
| FY2025 | $58.3B | $23.9B |
| FY2024 | $53.5B | $19.6B |
| FY2023 | $46.3B | $18.8B |
| FY2022 | $47.4B | $20.8B |
| FY2021 | $59.3B | $18.5B |
| FY2020 | $44.6B | $11.7B |
| FY2019 | $36.5B | $10.7B |
| FY2018 | $36.6B | $10.1B |
| FY2017 | $32.7B | $8.6B |
| FY2016 | $30.8B | $7.5B |
Bottom line
| Fiscal year | GS | SCHW |
|---|---|---|
| FY2025 | $17.2B | $8.9B |
| FY2024 | $14.3B | $5.9B |
| FY2023 | $8.5B | $5.1B |
| FY2022 | $11.3B | $7.2B |
| FY2021 | $21.6B | $5.9B |
| FY2020 | $9.5B | $3.3B |
| FY2019 | $8.5B | $3.7B |
| FY2018 | $10.5B | $3.5B |
| FY2017 | $4.3B | $2.4B |
| FY2016 | $7.4B | $1.9B |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$34,362,000,000 | GS |
| FY2024 | +$33,906,000,000 | GS |
| FY2023 | +$27,417,000,000 | GS |
| FY2022 | +$26,603,000,000 | GS |
| FY2021 | +$40,819,000,000 | GS |
| FY2020 | +$32,869,000,000 | GS |
| FY2019 | +$25,825,000,000 | GS |
| FY2018 | +$26,484,000,000 | GS |
| FY2017 | +$24,112,000,000 | GS |
| FY2016 | +$23,312,000,000 | GS |
| FY2015 | +$27,440,000,000 | GS |
| FY2014 | +$28,470,000,000 | GS |
| FY2013 | +$28,771,000,000 | GS |
| FY2012 | +$29,280,000,000 | GS |
| FY2011 | +$24,120,000,000 | GS |
GS has reported the higher revenue in every one of these 15 fiscal years. The gap has widened since the earliest year compared.
15 of 19 comparable fiscal years — a year missing data on either side is not counted.
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −7.5 pp | SCHW |
| FY2024 | −3.6 pp | SCHW |
| FY2023 | −8.5 pp | SCHW |
| FY2022 | −10.8 pp | SCHW |
| FY2021 | +4.8 pp | GS |
| FY2020 | −7.0 pp | SCHW |
| FY2019 | −11.4 pp | SCHW |
| FY2018 | −6.0 pp | SCHW |
| FY2017 | −14.2 pp | SCHW |
| FY2016 | −1.2 pp | SCHW |
| FY2015 | −4.7 pp | SCHW |
| FY2014 | +2.7 pp | GS |
| FY2013 | +3.8 pp | GS |
| FY2012 | +2.9 pp | GS |
| FY2011 | −3.0 pp | SCHW |
The higher net margin has changed hands between GS and SCHW over this period.
15 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SCHW's net margin has been more volatile than GS's over the 15 comparable fiscal years — 6.0 percentage points of standard deviation against 5.6.
15 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between GS and SCHW over these 15 fiscal years — GS led in 4 and SCHW in 11.
15 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SCHW's return on equity has been more volatile than GS's over the 19 comparable fiscal years — 12.3 percentage points of standard deviation against 5.6.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between GS and SCHW over these 19 fiscal years — GS led in 4 and SCHW in 15.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.