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 · 3 years

Total assets $3.4T

Total liabilities $3.1T

Shareholders equity $303.2B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	167.3%	197.9%	255.7%
Short Term Investments	668.0%	625.7%	669.0%
Other Current Assets	119.1%	110.5%	123.5%
Property,Plant and Equipment	9.0%	8.3%	9.1%
Operating Lease Assets	6.1%	5.8%	7.0%
Goodwill	49.8%	47.1%	53.0%
Intangible Assets	1.3%	1.4%	1.5%
Other Noncurrent Assets	119.1%	110.5%	123.5%
Total Assets	2462.2%	2224.7%	2441.3%
Liabilities
Current Portion of Long Term Debt	229.4%	16.5%	10.1%
Operating Lease Liabilities	6.6%	6.2%	7.5%
Total Current Liabilities	2243.3%	2023.1%	2217.5%
Long Term Debt	229.4%	193.2%	232.0%
Operating Lease Liabilities Noncurrent	6.6%	6.2%	7.5%
Deferred Tax Liabilities	0.0%	6.1%	7.1%
Total Liabilities	2243.3%	2023.1%	2217.5%
Equity
Preferred Stock	0.1%	0.1%	0.1%
Common Stock	18.8%	30.9%	43.3%
Retained Earnings	188.9%	165.3%	172.5%
Accumulated Other Comprehensive Income	-7.6%	-10.4%	-13.7%
Total Stockholders Equity	218.8%	200.5%	223.9%
Total Liabilitiesand Equity	2462.2%	2224.7%	2441.3%

Income Statement

Revenue, expense, and profitability

14 accounts · 3 years

Revenue $138.6B

Operating income $30.5B

Net income $30.5B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	1.6%	1.3%	1.5%
Expenses Depreciation and Amortization	1.7%	1.5%	1.6%
Expenses Share Based Compensation	2.9%	2.3%	2.3%
Other Income Expense Operating Income	22.0%	18.4%	20.2%
Other Income Expense Interest Income	100.0%	100.0%	100.0%
Other Income Expense Income Before Tax	27.2%	22.7%	25.0%
Income Tax Income Tax Expense	5.2%	4.3%	4.8%
net Income net Income	22.0%	18.4%	20.2%
net Income Comprehensive Income	25.5%	20.1%	22.8%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	5.4%	5.4%	6.2%
Earnings Per Share Weighted Average Shares Diluted	5.5%	5.4%	6.2%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 3 years

Operating cash flow $12.6B

Investing cash flow $-145.2B

Financing cash flow $69.9B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	22.0%	18.4%	20.2%
Operating Activities Depreciation and Amortization	1.7%	1.5%	1.6%
Operating Activities Stock Based Compensation	2.9%	2.3%	2.3%
Operating Activities Deferred Income Taxes	0.2%	-0.8%	-0.8%
Operating Activities Changes In Operating Assets and Liabilities	-2.7%	-5.1%	-5.9%
Operating Activities net Cash From Operating Activities	9.1%	-6.0%	34.5%
Investing Activities Purchases of Investments	0.0%	0.0%	0.1%
Investing Activities Other Investing Activities	3.1%	2.8%	4.0%
Investing Activities net Cash From Investing Activities	-104.8%	-61.9%	-27.2%
Financing Activities Proceeds From Debt	72.1%	38.7%	50.2%
Financing Activities Repayment of Debt	54.9%	48.0%	34.2%
Financing Activities Repurchase of Common Stock	15.5%	8.9%	3.5%
Financing Activities Dividends Paid	5.8%	5.3%	5.7%
Financing Activities Other Financing Activities	-0.4%	-0.1%	-0.6%
Financing Activities net Cash From Financing Activities	50.5%	41.2%	71.7%
Cash Reconciliation Effect of Exchange Rate On Cash	3.1%	-2.6%	-0.1%
Cash Reconciliation net Change In Cash	-42.1%	-29.3%	79.0%
Cash Reconciliation Cash At Beginning of Period	167.3%	197.9%	255.7%
Cash Reconciliation Cash At End of Period	167.3%	197.9%	255.7%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	+22.0%	+18.4%	+20.2%
Net margin	+22.0%	+18.4%	+20.2%
FCF margin	—	—	—
Growth
Revenue CAGR (3y)	+24.1%	+45.4%	+36.2%
Returns
ROE	+10.1%	+9.2%	+9.0%
ROA	+0.9%	+0.8%	+0.8%
ROIC	+3.5%	+7.0%	+7.8%
Liquidity
Current ratio	—	—	—
Quick ratio	—	—	—
Leverage
D/E	10.25x	10.09x	9.90x
Interest coverage	—	—	0.36x
Efficiency
Asset turnover	0.04x	0.04x	0.04x
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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