Goldman Sachs Group vs JPMorgan Chase & Co.: Business Model & Financial Comparison 2026
Goldman Sachs Group · Financial Services / Capital Markets·JPMorgan Chase & Co. · Financial Services / Banks - Diversified
Financial Comparison
| Metric | GSGoldman Sachs Group | JPMJPMorgan Chase & Co. |
|---|---|---|
| Market Cap | $234.61B | $764.45B |
| Revenue (TTM) | $59.40B | $168.24B |
| Revenue Growth | 15.2% | 2.5% |
| Gross Margin | 82.9% | 0.0% |
| Operating Margin | 38.3% | 41.1% |
| Net Margin | 28.9% | 33.9% |
| Return on Equity | 13.9% | 16.1% |
| P/E (Trailing) | 15.2x | 14.2x |
| P/E (Forward) | 12.0x | 12.1x |
| Free Cash Flow | N/A | N/A |
| Cash | $996.63B | $1.29T |
| Total Debt | $747.58B | $1.03T |
Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.
Business Model Comparison
Goldman Sachs Group
The Goldman Sachs Group, Inc. stands as a leading company in Financial Services. Generating $59.40 billion in annual revenue (growing 15.2% year-over-year) and carrying a market capitalization of $252.91 billion, the company has cemented its position as a foundational player in the global Capital Markets landscape. Under the leadership of its leadership team, The Goldman Sachs Group, Inc. continues to execute on a multi-year strategic vision that…
Full Goldman Sachs Group analysis →JPMorgan Chase & Co.
JPMorgan Chase & Co. stands as a leading company in Financial Services. Generating $168.24 billion in annual revenue (growing 2.5% year-over-year) and carrying a market capitalization of $791.71 billion, the company has cemented its position as a foundational player in the global Banks - Diversified landscape. Under the leadership of its leadership team, JPMorgan Chase & Co. continues to execute on a multi-year strategic vision that balances grow…
Full JPMorgan Chase & Co. analysis →SWOT Analysis Comparison
Strengths
Goldman Sachs Group
- With a market capitalization of $252.91B, The Goldman Sachs Group, Inc. is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capit
- The Goldman Sachs Group, Inc.'s gross margin of 82.9% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 38.3% demo
- Revenue grew 15.2% year-over-year to $59.40B, indicating strong demand for The Goldman Sachs Group, Inc.'s products and services and outperformance relative to many industry peers.
JPMorgan Chase & Co.
- With a market capitalization of $791.71B, JPMorgan Chase & Co. is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access
- A return on equity of 16.1% demonstrates that JPMorgan Chase & Co. generates strong returns from shareholder capital, a hallmark of companies with durable competitive advantages.
Weaknesses
Goldman Sachs Group
- With a debt-to-equity ratio of 596.1, The Goldman Sachs Group, Inc. carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility an
JPMorgan Chase & Co.
- Revenue growth of 2.5% is below what growth investors typically seek, suggesting market saturation in core businesses or increasing competitive pressure.
- With 318,512 employees globally, JPMorgan Chase & Co. faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that smaller, ni
Opportunities
Goldman Sachs Group
- The Goldman Sachs Group, Inc. operates in the Capital Markets segment of the broader Financial Services sector, which represents a $26.5 trillion global financial services market by 2028. Even modest
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for The Gol
- Earnings growth of 17.3% YoY demonstrates The Goldman Sachs Group, Inc.'s ability to convert revenue growth into shareholder value. Analysts project continued earnings expansion driven by operating le
JPMorgan Chase & Co.
- JPMorgan Chase & Co. operates in the Banks - Diversified segment of the broader Financial Services sector, which represents a $26.5 trillion global financial services market by 2028. Even modest share
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for JPMorga
- With $1.29T in cash and strong free cash flow generation, JPMorgan Chase & Co. is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic reach.
Threats
Goldman Sachs Group
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. The Goldman Sachs Group, Inc.'s revenue is not fully insulated from macroeconomic cycles, an
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on The Goldman Sachs G
- Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri
JPMorgan Chase & Co.
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. JPMorgan Chase & Co.'s revenue is not fully insulated from macroeconomic cycles, and a reces
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on JPMorgan Chase & Co
- Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri
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Open Comparison ToolGoldman Sachs Group vs JPMorgan Chase & Co.: FAQ
- Is Goldman Sachs Group bigger than JPMorgan Chase & Co.?
- By market capitalization, JPMorgan Chase & Co. is larger at $764.45B vs Goldman Sachs Group's $234.61B.
- Which has better profit margins — Goldman Sachs Group or JPMorgan Chase & Co.?
- JPMorgan Chase & Co. has higher net profit margins (33.9%) compared to Goldman Sachs Group (28.9%). Gross and operating margins are compared in the table above.
- What sectors do Goldman Sachs Group and JPMorgan Chase & Co. operate in?
- Goldman Sachs Group operates in the Financial Services sector (Capital Markets). JPMorgan Chase & Co. operates in the Financial Services sector (Banks - Diversified).
- How does Goldman Sachs Group's revenue compare to JPMorgan Chase & Co.'s?
- Goldman Sachs Group generates $59.40B in annual revenue (TTM) while JPMorgan Chase & Co. generates $168.24B. JPMorgan Chase & Co. is the larger company by revenue as of 2026.