Bank of America

Financials Diversified Banks Charlotte, North Carolina Last filing Feb 25, 2026 · FY2025

                    Revenue
                    FY2025
                
$138.6B
                    3y CAGR +24.1%
                    
                    P75
                    
                    -5.5%
                    
                    Net income
                    FY2025
                
$30.5B
                    Net margin +22.0%
                    
                    P64
                    
                    +13.1%
                    
                    Total assets
                    FY2025
                
$3.4T
                    ROA +0.9%
                    
                    P14
                    
                    +4.6%
                    
                    Operating cash flow
                    FY2025
                
$12.6B
                    
                    +243.2%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

22 accounts · 10 years

Total assets $3.4T

Total liabilities $3.1T

Shareholders equity $303.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	167.3%	197.9%	255.7%	317.2%	730.5%	737.5%	226.8%	265.7%	273.4%	289.4%
Short Term Investments	668.0%	625.7%	669.0%	1189.0%	2061.2%	1327.6%	662.9%	661.6%	764.4%	843.6%
Other Current Assets	119.1%	110.5%	123.5%	207.8%	343.7%	262.1%	182.1%	174.2%	230.5%	236.4%
Property,Plant and Equipment	9.0%	8.3%	9.1%	15.9%	22.7%	21.3%	14.8%	14.8%	16.1%	17.9%
Operating Lease Assets	6.1%	5.8%	7.0%	13.4%	21.5%	19.4%	13.6%	—	—	—
Goodwill	49.8%	47.1%	53.0%	95.1%	144.8%	133.7%	96.8%	103.3%	119.8%	135.1%
Intangible Assets	1.3%	1.4%	1.5%	2.9%	4.6%	0.0%	2.4%	2.7%	4.0%	5.7%
Other Noncurrent Assets	119.1%	110.5%	123.5%	207.8%	343.7%	262.1%	182.1%	174.2%	230.5%	236.4%
Total Assets	2462.2%	2224.7%	2441.3%	4205.0%	6648.5%	5466.0%	3416.9%	3526.3%	3961.9%	4284.8%
Liabilities
Current Portion of Long Term Debt	229.4%	16.5%	10.1%	380.3%	587.6%	509.7%	338.1%	343.5%	394.9%	424.7%
Operating Lease Liabilities	6.6%	6.2%	7.5%	14.3%	22.8%	20.3%	14.2%	—	—	—
Total Current Liabilities	2243.3%	2023.1%	2217.5%	3828.5%	6082.0%	4936.9%	3045.2%	3129.0%	3498.0%	3762.2%
Long Term Debt	229.4%	193.2%	232.0%	380.3%	587.6%	509.7%	338.1%	343.5%	394.9%	424.7%
Operating Lease Liabilities Noncurrent	6.6%	6.2%	7.5%	14.3%	22.8%	20.3%	14.2%	—	—	—
Deferred Tax Liabilities	0.0%	6.1%	7.1%	14.0%	24.0%	24.3%	14.4%	10.3%	11.9%	17.9%
Total Liabilities	2243.3%	2023.1%	2217.5%	3828.5%	6082.0%	4936.9%	3045.2%	3129.0%	3498.0%	3762.2%
Equity
Preferred Stock	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%	0.1%	0.2%	0.2%	0.2%
Common Stock	18.8%	30.9%	43.3%	81.2%	130.9%	166.7%	128.8%	178.1%	239.8%	288.0%
Retained Earnings	188.9%	165.3%	172.5%	285.3%	394.5%	318.1%	219.4%	204.2%	197.7%	199.5%
Accumulated Other Comprehensive Income	-7.6%	-10.4%	-13.7%	-29.2%	-10.7%	-3.2%	-9.3%	-18.3%	-12.3%	-14.3%
Total Stockholders Equity	218.8%	200.5%	223.9%	376.5%	566.5%	529.1%	371.7%	397.4%	464.0%	521.4%
Total Liabilitiesand Equity	2462.2%	2224.7%	2441.3%	4205.0%	6648.5%	5466.0%	3416.9%	3526.3%	3961.9%	4284.8%

Income Statement

Revenue, expense, and profitability

14 accounts · 10 years

Revenue $138.6B

Operating income $30.5B

Net income $30.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	1.6%	1.3%	1.5%	2.5%	4.1%	3.3%	2.7%	2.5%	3.0%	3.3%
Expenses Depreciation and Amortization	1.7%	1.5%	1.6%	2.7%	4.0%	3.6%	2.4%	3.1%	3.7%	1.4%
Expenses Share Based Compensation	2.9%	2.3%	2.3%	3.9%	5.8%	3.9%	2.8%	2.6%	2.9%	2.7%
Other Income Expense Operating Income	22.0%	18.4%	20.2%	37.9%	67.1%	34.7%	38.5%	42.2%	31.7%	34.9%
Other Income Expense Interest Income	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Other Income Expense Income Before Tax	27.2%	22.7%	25.0%	42.7%	71.3%	36.8%	46.0%	51.8%	50.7%	49.0%
Income Tax Income Tax Expense	5.2%	4.3%	4.8%	4.7%	4.2%	2.1%	7.5%	9.6%	19.1%	14.1%
net Income net Income	22.0%	18.4%	20.2%	37.9%	67.1%	34.7%	38.5%	42.2%	31.7%	34.9%
net Income Comprehensive Income	25.5%	20.1%	22.8%	15.8%	59.8%	44.3%	46.3%	36.3%	32.0%	31.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	5.4%	5.4%	6.2%	11.2%	17.8%	17.0%	13.2%	15.1%	17.7%	20.1%
Earnings Per Share Weighted Average Shares Diluted	5.5%	5.4%	6.2%	11.3%	18.0%	17.1%	13.3%	15.3%	18.7%	21.6%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $12.6B

Investing cash flow $-145.2B

Financing cash flow $69.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	22.0%	18.4%	20.2%	37.9%	67.1%	34.7%	38.5%	42.2%	31.7%	34.9%
Operating Activities Depreciation and Amortization	1.7%	1.5%	1.6%	2.7%	4.0%	3.6%	2.4%	3.1%	3.7%	1.4%
Operating Activities Stock Based Compensation	2.9%	2.3%	2.3%	3.9%	5.8%	3.9%	2.8%	2.6%	2.9%	2.7%
Operating Activities Deferred Income Taxes	0.2%	-0.8%	-0.8%	1.0%	-1.8%	-3.4%	3.4%	4.6%	14.2%	11.3%
Operating Activities Changes In Operating Assets and Liabilities	-2.7%	-5.1%	-5.9%	-1.7%	-9.8%	-7.5%	-8.7%	3.8%	-12.8%	-2.2%
Operating Activities net Cash From Operating Activities	9.1%	-6.0%	34.5%	-8.7%	-15.1%	73.7%	86.7%	59.2%	17.1%	33.8%
Investing Activities Purchases of Investments	0.0%	0.0%	0.1%	33.2%	760.9%	499.2%	52.1%	53.9%	43.6%	78.1%
Investing Activities Other Investing Activities	3.1%	2.8%	4.0%	6.4%	7.3%	6.8%	4.2%	3.0%	-14.6%	-0.8%
Investing Activities net Cash From Investing Activities	-104.8%	-61.9%	-27.2%	-3.5%	-657.2%	-344.4%	-113.2%	-107.0%	-89.5%	-122.0%
Financing Activities Proceeds From Debt	72.1%	38.7%	50.2%	90.8%	160.8%	110.5%	73.6%	96.3%	92.9%	69.6%
Financing Activities Repayment of Debt	54.9%	48.0%	34.2%	46.9%	98.2%	92.9%	71.3%	79.4%	85.9%	101.1%
Financing Activities Repurchase of Common Stock	15.5%	8.9%	3.5%	7.0%	52.7%	13.6%	39.5%	30.1%	22.3%	10.0%
Financing Activities Dividends Paid	5.8%	5.3%	5.7%	9.6%	13.8%	12.2%	8.6%	8.1%	7.0%	5.0%
Financing Activities Other Financing Activities	-0.4%	-0.1%	-0.6%	-0.4%	-1.3%	-1.2%	-1.0%	-1.0%	-0.7%	-0.1%
Financing Activities net Cash From Financing Activities	50.5%	41.2%	71.7%	-146.1%	611.8%	689.8%	4.7%	79.6%	85.6%	64.9%
Cash Reconciliation Effect of Exchange Rate On Cash	3.1%	-2.6%	-0.1%	-4.3%	-7.1%	5.3%	-0.5%	-1.8%	3.7%	—
Cash Reconciliation net Change In Cash	-42.1%	-29.3%	79.0%	-162.6%	-67.6%	424.4%	-22.2%	29.9%	16.8%	-22.7%
Cash Reconciliation Cash At Beginning of Period	167.3%	197.9%	255.7%	317.2%	730.5%	737.5%	226.8%	265.7%	273.4%	289.4%
Cash Reconciliation Cash At End of Period	167.3%	197.9%	255.7%	317.2%	730.5%	737.5%	226.8%	265.7%	273.4%	289.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	+22.0%	+18.4%	+20.2%	+37.9%	+67.1%	+34.7%	+38.5%	+42.2%	+31.7%	+34.9%
Net margin	+22.0%	+18.4%	+20.2%	+37.9%	+67.1%	+34.7%	+38.5%	+42.2%	+31.7%	+34.9%
FCF margin	—	—	—	—	—	—	—	—	—	—
Growth
Revenue CAGR (3y)	+24.1%	+45.4%	+36.2%	+0.6%	-10.6%	-3.6%	+11.7%	+10.5%	+3.6%	-2.5%
Returns
ROE	+10.1%	+9.2%	+9.0%	+10.1%	+11.8%	+6.6%	+10.4%	+10.6%	+6.8%	+6.7%
ROA	+0.9%	+0.8%	+0.8%	+0.9%	+1.0%	+0.6%	+1.1%	+1.2%	+0.8%	+0.8%
ROIC	+3.5%	+7.0%	+7.8%	+4.1%	+6.2%	+4.0%	+3.9%	+4.2%	+2.0%	+2.3%
Liquidity
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	—	—	—	—	—	—	—	—	—	—
Leverage
D/E	10.25x	10.09x	9.90x	10.17x	10.74x	9.33x	8.19x	7.87x	7.54x	7.22x
Interest coverage	—	—	0.36x	1.37x	6.75x	2.18x	1.23x	1.51x	1.48x	1.79x
Efficiency
Asset turnover	0.04x	0.04x	0.04x	0.02x	0.02x	0.02x	0.03x	0.03x	0.03x	0.02x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

Valuation

Price against fundamentals

BAC $52 · 2025-09-29 · 351d old · FY2025

Market cap $402.6B

P/E 13.20x

P/S 2.91x

P/B 1.33x

EV $806.4B

EV/EBITDA 24.57x

FCF yield —

Dividend yield +2.0%

Notes

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