The Goldman Sachs Group, Inc. (GS)
Goldman Sachs is a leading global investment bank strong in advisory, trading, and asset and wealth management. Its results are closely tied to capital-markets activity and dealmaking cycles.
Financials stock comparison
GS vs RJF: which business are you actually underwriting?
Compare The Goldman Sachs Group, Inc. with Raymond James Financial, Inc. using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
- Sector
- Financials
- Industry
- Same SIC
- Shared themes
- 1
- Updated
- 2026-02-25
GS vs RJF: quick comparison
| Company fact | GS | RJF |
|---|---|---|
| Company | The Goldman Sachs Group, Inc. | Raymond James Financial, Inc. |
| Exchange | NYSE | NYSE |
| Headquarters | New York, New York | — |
| Founded | 1869 | — |
| SEC industry | Security Brokers, Dealers & Flotation Companies | Security Brokers, Dealers & Flotation Companies |
| Fiscal year-end | December 31 | September 30 |
| Latest annual filing | 10-K · 2026-02-25 | 10-K · 2025-11-25 |
GS vs RJF: audited financials
GS reported about 3.7× the revenue of RJF in the latest audited fiscal year. On profitability, GS converted a larger share of revenue into net income (29.5% versus 13.4%). Scale and margin are starting facts for the thesis, not the verdict.
| Metric | GS | RJF |
|---|---|---|
| Revenue | $58.3B | $15.9B |
| Net income | $17.2B | $2.1B |
| Operating cash flow | −$45.2B | $2.4B |
| Diluted EPS | $51.32 | $10.30 |
| Net margin | 29.5% | 13.4% |
GS: FY ending 2025-12-31 · RJF: FY ending 2025-09-30. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
How the businesses differ
Why this pair belongs in the comparison set
GS and RJF share the SEC industry classification “Security Brokers, Dealers & Flotation Companies,” giving the comparison a primary-source operating relationship. A shared classification or theme makes the pair useful for a defined research question; it does not mean the companies have identical products, economics, or risks.
Raymond James Financial, Inc. (RJF)
Raymond James provides wealth management, investment banking, and brokerage services.
The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. GS is classified by the SEC as Security Brokers, Dealers & Flotation Companies, while RJF is classified as Security Brokers, Dealers & Flotation Companies. The matching industry code strengthens the peer comparison, although product mix can still differ materially.
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The thesis, the numbers behind it, and what would break it. Full access is $15 a month.
Read the full researchWhich thesis does each company fit?
Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.
Study GS when…
- The shape of the yield curve and net interest margins
- Credit quality and loan-loss provisions
- Regulation and capital requirements
- Deal activity and market volatility
Study RJF when…
- The shape of the yield curve and net interest margins
- Credit quality and loan-loss provisions
- Regulation and capital requirements
- Deal activity and market volatility
Shared research themes
Rates & central banks
SEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.GS's fiscal year ends December 31, while RJF's ends September 30. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 53matched transaction rows for GSand 1 for RJF. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
GS primary filings
RJF primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving GS or RJF
GS vs RJF FAQs
Are GS and RJF direct competitors?
The Goldman Sachs Group, Inc. and Raymond James Financial, Inc. share the SEC industry classification “Security Brokers, Dealers & Flotation Companies.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.
Which is better, GS or RJF?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this GS vs RJF comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers The Goldman Sachs Group, Inc. and Raymond James Financial, Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-09-25. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-09-25. Independent educational research; not investment advice.
A comparison is the setup. The thesis is the call.
GS vs RJF shows how the businesses differ. Membership is the monthly sourced view of who could benefit, what could break, and what evidence matters next. $15/month or $150/year.
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