Stocks Comparison
BlackRock vs Goldman Sachs: revenue, profit, margins and growth compared
BlackRock brought in $24.2B of revenue in fiscal 2025, Goldman Sachs $58.3B in fiscal 2025. Revenue changed by +18.7% at BlackRock and +8.9% at Goldman Sachs on the year before, so BlackRock grew faster. BlackRock kept 22.9% of its revenue as net profit, Goldman Sachs 29.5%. Free cash flow was $3.6B at BlackRock and -$47.2B at Goldman Sachs.
Side by side, latest fiscal year
| BLK | GS | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $24.2B | $58.3B |
| Revenue growth | +18.7% | +8.9% |
| Net income | $5.6B | $17.2B |
| Net margin | 22.9% | 29.5% |
| Free cash flow | $3.6B | -$47.2B |
| Free cash flow margin | 14.7% | -81.0% |
| Earnings per share (diluted) | $35.31 | $51.32 |
| Cash | $11.5B | $164.3B |
| Debt | $12.8B | n/a |
| Price to earnings | 30.8 | 18.2 |
| Market value | $168.2B | $272.4B |
| Dividend yield | 1.92% | 1.50% |
| Rank by revenue in sector | #28 of 495 · Finance | #16 of 495 · Finance |
Over the years
Questions about BlackRock and Goldman Sachs
Which is bigger by revenue, BlackRock or Goldman Sachs?
Goldman Sachs is bigger by revenue: $58.3B in fiscal 2025, against $24.2B for BlackRock in fiscal 2025.
Which keeps more of its revenue as profit, BlackRock or Goldman Sachs?
BlackRock had a net margin of 22.9% in fiscal 2025; Goldman Sachs had 29.5% in fiscal 2025.
Which grew revenue faster, BlackRock or Goldman Sachs?
In their latest fiscal years revenue changed by +18.7% at BlackRock and +8.9% at Goldman Sachs.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.