Goldman Sachs is Super Profitable — Market Mad House

The Goldman Sachs Group Inc. (NYSE: GS) is super profitable, despite all its controversies and troubles.

For instance, Goldman Sachs reported a quarterly gross profit of $9.141 billion on revenues of $9.955 billion on 31 December 2019. Therefore, Goldman Sachs reported a cost of revenue of $814 million on 31 December 2019.

Moreover, Stockrow estimates Goldman Sachs had a quarterly net profit of 17.32% and a gross margin of 91.82% on 31 December 2019. As a result, Goldman Sachs reported an operating income of $2.231 billion and a common net income of $1.734 billion on 31 December 2019.

The Goldman Sachs Money Machine Marches on

Goldman Sachs (NYSE: GS) generates vast amounts of cash. For instance, Goldman reported a quarterly operating cash flow of $51.351 billion and a quarterly operating cash flow of $39.452 billion on 31 December 2019.

Consequently, Goldman Sachs had $355.308 billion in cash and short-term investments on 31 December 2019. Therefore, Goldman Sachs is cash-rich company.

I think the cash makes Goldman Sachs a value investment at the $150.68 share price reported on 12 March 2020. In addition, Goldman Sachs is a good Environmental, Social, and Governance (ESG) company.