Stock compare · SEC 10-K data · delayed price October 2, 2026

JPM vs GS: is JPMorgan Chase or Goldman Sachs the better stock?

GS scores higher on fundamentals: JPMorgan Chase (JPM) earns 52/100 on WealthyBud’s Investor Score versus 58/100 for Goldman Sachs (GS). JPMorgan Chase reported $182.4B revenue at a 31.3% net margin (FY2025), growing +2.8%; Goldman Sachs reported $58.3B at 29.5%, growing +8.9% (FY2025). At delayed prices, JPM trades at 15.4× earnings and GS at 15.3×. Research, not investment advice.

How do JPM and GS compare at a glance?

The table puts JPMorgan Chase and Goldman Sachs side by side on 17 figures from each company's latest SEC 10-K, plus market cap, P/E, P/S and yield at a delayed share price. The stronger figure in each row is bold; for P/E, P/S and debt, lower counts as stronger.

JPM vs GS fundamentals — SEC 10-K data, delayed price as of October 2, 2026 (stronger figure in bold)
MetricJPMGS
Fiscal year (latest 10-K)FY2025FY2025
Revenue$182.4B$58.3B
Net income$57.0B$17.2B
Net margin31.3%29.5%
Revenue growth (YoY)+2.8%+8.9%
3-year revenue CAGR+12.3%+7.2%
Diluted EPS growth+1.4%+26.6%
Return on equity16%14%
Return on assets1.3%0.9%
Market cap (delayed)$880.4B$262.7B
P/E ratio15.415.3
Price / sales4.84.5
Dividend yield1.75%1.55%
Cash$343.3B$164.3B
Long-term debt$435.2Bn/a
Debt to equity1.20n/a
Investor Score52/10058/100

JPMorgan Chase and Goldman Sachs both use a calendar fiscal year ending December 31, so their FY2025 10-Ks cover the same 12 months. Revenue for each bank is the net revenue figure in its SEC filing data.

Not shown: gross margin, operating margin and current ratio. Neither company reports those lines in the SEC data WealthyBud uses.

Which is more profitable, JPMorgan Chase or Goldman Sachs?

JPMorgan Chase keeps more of each revenue dollar, with a 31.3% net margin against 29.5% for Goldman Sachs in FY2025. JPMorgan Chase earns the higher return on equity, 15.7% versus 13.7%. Return on assets is 1.29% at JPMorgan Chase and 0.95% at Goldman Sachs, on $4.42T and $1.81T of total assets.

Which company is growing faster?

JPMorgan Chase grew revenue +2.8% in its latest fiscal year and +12.3% a year over three years. Goldman Sachs grew +8.9% and +7.2% a year over the same span. Diluted EPS rose +1.4% at JPM and +26.6% at GS.

Five fiscal years of revenue, JPM vs GS (SEC 10-K)
Fiscal year (JPM / GS)JPMGS
FY2025 / FY2025$182.4B$58.3B
FY2024 / FY2024$177.6B$53.5B
FY2023 / FY2023$158.1B$46.3B
FY2022 / FY2022$128.7B$47.4B
FY2021 / FY2021$121.6B$59.3B

Is JPM or GS cheaper to buy?

At delayed prices as of October 2, 2026, JPM trades at 15.4 times earnings and 4.8 times sales with a $880.4B market cap; GS trades at 15.3 times earnings and 4.5 times sales at $262.7B. Dividend yields are 1.75% and 1.55%.

Which has the stronger balance sheet?

JPMorgan Chase ended FY2025 with $343.3B in cash and $4.42T in total assets; Goldman Sachs had $164.3B in cash and $1.81T in assets. JPMorgan Chase reports $435.2B of long-term debt, a 1.20 debt-to-equity ratio. The SEC data WealthyBud uses has no long-term debt line for Goldman Sachs. Neither reports a current assets and liabilities split, so no current ratio.

How do JPM and GS score on the Investor Score?

JPM scores 52/100 (#47 of 103) and GS scores 58/100 (#29 of 103) on WealthyBud's Investor Score as of October 2, 2026. Subscores for JPM: growth 48, profitability 86, returns on capital 22, balance-sheet strength 30, value (valuation) 62. For GS: growth 64, profitability 82, returns on capital 18, value (valuation) 62. Percentile ranks, not advice.

JPM vs GS FAQ

Is JPM or GS the better stock?
GS scores 58/100 and JPM 52/100 on WealthyBud's Investor Score. Research, not advice.
Which company makes more revenue, JPMorgan Chase or Goldman Sachs?
JPMorgan Chase reported $182.4B and Goldman Sachs $58.3B in revenue in their latest 10-Ks.
Which is cheaper, JPM or GS?
By price to earnings, JPM trades at 15.4 and GS at 15.3 using delayed prices as of October 2, 2026, so GS is cheaper on earnings. On price to sales they are close: 4.8 versus 4.5.
Which pays a higher dividend, JPM or GS?
JPM declared $5.80 per share in FY2025, a 1.75% yield at the delayed price; GS declared $14.00, a 1.55% yield. JPM pays the higher yield of the two at those prices.
Which has more debt, JPMorgan Chase or Goldman Sachs?
JPMorgan Chase reports $435.2B of long-term debt against $362.4B of equity (debt to equity 1.20). The SEC companyfacts data WealthyBud uses has no long-term debt figure for Goldman Sachs, so the comparison shows n/a for that side. Check the 10-K balance sheet directly.
Do JPM and GS report on the same fiscal year?
JPMorgan Chase and Goldman Sachs both use a calendar fiscal year ending December 31, so their FY2025 10-Ks cover the same 12 months. Revenue for each bank is the net revenue figure in its SEC filing data. Figures on this page use each company's own latest annual report.
Fundamentals from each company's latest Form 10-K (SEC EDGAR). Valuation uses a delayed price. The Investor Score is a data-derived research opinion. Not investment advice.

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Grace Tanaka-Reed Financials Sector Analyst

Grace Tanaka-Reed is a financials sector analyst who covers banks, insurers and payment companies, focusing on interest-rate sensitivity and credit quality. She draws her coverage from public regulatory filings and quarterly earnings data.

Editorial persona: WealthyBud bylines are editorial personas, not real individuals. Pages are produced by the WealthyBud research team from the public data cited on each page.