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

Year-over-year change per cell; first column has no prior.

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	-20.1%	-12.9%	+44.7%	-33.9%	-8.5%	+135.5%	-8.9%	+12.7%	+6.6%	—
Short Term Investments	+0.9%	+5.3%	+1.0%	-12.2%	+43.5%	+45.0%	+6.9%	+0.4%	+2.2%	—
Other Current Assets	+1.8%	+0.7%	+6.7%	-8.0%	+21.2%	+4.3%	+11.5%	-12.4%	+10.0%	—
Property,Plant and Equipment	+2.9%	+2.6%	+3.0%	+6.2%	-1.5%	+4.2%	+6.6%	+7.1%	+1.2%	—
Operating Lease Assets	-1.5%	-6.8%	-6.2%	-4.7%	+2.3%	+3.1%	—	—	—	—
Goodwill	+0.0%	+0.0%	-0.0%	+0.0%	+0.1%	+0.0%	+0.0%	+0.0%	-0.0%	—
Intangible Assets	-10.0%	+0.0%	-4.8%	-4.5%	—	-100.0%	-4.2%	-23.3%	-20.9%	—
Other Noncurrent Assets	+1.8%	+0.7%	+6.7%	-8.0%	+21.2%	+4.3%	+11.5%	-12.4%	+10.0%	—
Total Assets	+4.6%	+2.6%	+4.2%	-3.7%	+12.4%	+15.8%	+3.4%	+3.2%	+4.3%	—
Liabilities
Current Portion of Long Term Debt	+1213.3%	+84.7%	-95.3%	-1.5%	+6.5%	+9.2%	+5.0%	+0.9%	+4.9%	—
Operating Lease Liabilities	-0.5%	-6.6%	-5.6%	-4.6%	+3.7%	+3.8%	—	—	—	—
Total Current Liabilities	+4.8%	+2.7%	+4.0%	-4.2%	+13.9%	+17.4%	+3.8%	+3.7%	+4.9%	—
Long Term Debt	+12.2%	-6.3%	+9.5%	-1.5%	+6.5%	+9.2%	+5.0%	+0.9%	+4.9%	—
Operating Lease Liabilities Noncurrent	-0.5%	-6.6%	-5.6%	-4.6%	+3.7%	+3.8%	—	—	—	—
Deferred Tax Liabilities	-100.0%	-4.0%	-8.9%	-11.4%	-8.8%	+22.5%	+49.5%	+0.2%	-25.2%	—
Total Liabilities	+4.8%	+2.7%	+4.0%	-4.2%	+13.9%	+17.4%	+3.8%	+3.7%	+4.9%	—
Equity
Preferred Stock	+0.1%	-0.2%	-0.0%	+0.1%	+0.0%	+0.0%	+0.0%	+0.0%	-0.0%	—
Common Stock	-42.5%	-19.6%	-4.4%	-5.5%	-27.4%	-6.3%	-22.9%	-13.9%	-6.1%	—
Retained Earnings	+8.0%	+7.9%	+8.5%	+10.1%	+14.6%	+5.0%	+14.7%	+19.8%	+11.7%	—
Accumulated Other Comprehensive Income	+31.1%	+14.1%	+15.9%	-314.5%	-208.2%	+75.0%	+45.7%	-72.4%	+2.8%	—
Total Stockholders Equity	+3.2%	+0.8%	+6.8%	+1.2%	-1.0%	+3.1%	-0.2%	-0.7%	+0.4%	—
Total Liabilitiesand Equity	+4.6%	+2.6%	+4.2%	-3.7%	+12.4%	+15.8%	+3.4%	+3.2%	+4.3%	—

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	-5.5%	+12.5%	+79.5%	+52.2%	-7.6%	-27.6%	+6.7%	+16.0%	+12.8%	—
Expenses Selling,General and Administrative	+12.7%	+1.5%	+5.6%	-5.9%	+14.0%	-12.0%	+15.5%	-4.1%	+2.5%	—
Expenses Depreciation and Amortization	+5.7%	+6.4%	+4.0%	+4.2%	+3.0%	+6.6%	-16.2%	-1.9%	+188.1%	—
Expenses Share Based Compensation	+16.5%	+16.7%	+2.8%	+3.4%	+36.3%	+2.9%	+14.2%	+4.9%	+20.6%	—
Other Income Expense Operating Income	+13.1%	+2.5%	-4.4%	-13.9%	+78.7%	-34.8%	-2.5%	+54.4%	+2.3%	—
Other Income Expense Interest Income	-5.5%	+12.5%	+79.5%	+52.2%	-7.6%	-27.6%	+6.7%	+16.0%	+12.8%	—
Other Income Expense Income Before Tax	+13.5%	+2.1%	+5.0%	-8.9%	+78.9%	-42.0%	-5.3%	+18.4%	+16.8%	—
Income Tax Income Tax Expense	+15.0%	+0.4%	+80.9%	+72.2%	+81.5%	-79.3%	-17.3%	-41.4%	+52.5%	—
net Income net Income	+13.1%	+2.5%	-4.4%	-13.9%	+78.7%	-34.8%	-2.5%	+54.4%	+2.3%	—
net Income Comprehensive Income	+19.6%	-0.7%	+158.6%	-59.8%	+24.7%	-30.7%	+36.2%	+31.4%	+16.0%	—
Earnings Per Share Basic Eps	+19.5%	+5.2%	-4.4%	-10.8%	+91.5%	-32.1%	+4.9%	+62.0%	+3.8%	—
Earnings Per Share Diluted Eps	+19.4%	+4.6%	-4.4%	-10.6%	+90.9%	-32.0%	+5.4%	+67.3%	+4.7%	—
Earnings Per Share Weighted Average Shares Basic	-4.2%	-2.2%	-1.0%	-4.5%	-3.0%	-6.8%	-7.0%	-1.0%	-0.9%	—
Earnings Per Share Weighted Average Shares Diluted	-3.2%	-1.8%	-1.1%	-4.6%	-2.7%	-6.8%	-7.8%	-5.0%	-2.4%	—

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	+13.1%	+2.5%	-4.4%	-13.9%	+78.7%	-34.8%	-2.5%	+54.4%	+2.3%	—
Operating Activities Depreciation and Amortization	+5.7%	+6.4%	+4.0%	+4.2%	+3.0%	+6.6%	-16.2%	-1.9%	+188.1%	—
Operating Activities Stock Based Compensation	+16.5%	+16.7%	+2.8%	+3.4%	+36.3%	+2.9%	+14.2%	+4.9%	+20.6%	—
Operating Activities Deferred Income Taxes	+126.2%	-11.4%	-236.9%	+188.2%	+51.8%	-171.3%	-19.9%	-62.8%	+41.1%	—
Operating Activities Changes In Operating Assets and Liabilities	+50.3%	+2.4%	-530.8%	+73.7%	-19.7%	+37.4%	-341.7%	+135.0%	-565.2%	—
Operating Activities net Cash From Operating Activities	+243.2%	-119.6%	+811.0%	+12.0%	-118.9%	-38.5%	+56.3%	+300.6%	-42.9%	—
Investing Activities Purchases of Investments	—	-100.0%	-99.6%	-93.4%	+40.8%	+593.9%	+3.2%	+43.4%	-37.1%	—
Investing Activities Other Investing Activities	+4.5%	-21.2%	+14.0%	+32.6%	-0.3%	+17.3%	+49.7%	+123.6%	-1961.5%	—
Investing Activities net Cash From Investing Activities	-60.1%	-156.3%	-1299.2%	+99.2%	-76.3%	-120.3%	-12.8%	-38.7%	+17.2%	—
Financing Activities Proceeds From Debt	+76.2%	-13.3%	-0.8%	-14.0%	+34.5%	+8.8%	-18.4%	+20.2%	+50.5%	—
Financing Activities Repayment of Debt	+8.0%	+58.0%	+30.9%	-27.3%	-2.3%	-5.6%	-4.2%	+7.2%	-4.2%	—
Financing Activities Repurchase of Common Stock	+63.6%	+186.4%	-9.8%	-79.8%	+257.7%	-75.0%	+40.1%	+56.8%	+150.7%	—
Financing Activities Dividends Paid	+3.3%	+6.1%	+5.9%	+5.9%	+4.5%	+2.3%	+13.3%	+34.7%	+56.5%	—
Financing Activities Other Financing Activities	-382.7%	+82.3%	-129.8%	+49.7%	-3.2%	+13.9%	-7.2%	-64.0%	-530.2%	—
Financing Activities net Cash From Financing Activities	+15.9%	-35.3%	+188.0%	-136.4%	-18.0%	+10436.5%	-93.6%	+7.8%	+48.6%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+213.0%	-5371.4%	+97.8%	+8.4%	-223.7%	+848.9%	+69.3%	-157.0%	—	—
Cash Reconciliation net Change In Cash	-35.6%	-141.8%	+187.2%	-266.0%	-114.7%	+1481.6%	-179.3%	+106.0%	+183.5%	—
Cash Reconciliation Cash At Beginning of Period	-20.1%	-12.9%	+44.7%	-33.9%	-8.5%	+135.5%	-8.9%	+12.7%	+6.6%	—
Cash Reconciliation Cash At End of Period	-20.1%	-12.9%	+44.7%	-33.9%	-8.5%	+135.5%	-8.9%	+12.7%	+6.6%	—

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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