Earnings quality
Compare earnings and operating cash flow for earnings quality.
Bank of America Corporation
Ticker BAC · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-02-25 · Period end 2025-12-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is 8.9%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio8.9%
Last priceUSD 50.64
Trailing P/E13.1×
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
BofA Finance LLC is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 7043868486 · As of filing date 2026-02-25
Financial statements
Income statement
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Revenue | $105.9B | $113.1B |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit | — | — |
| Income tax | $6.2B | $7.2B |
| Net income | $27.0B | $30.5B |
| Basic EPS | 3.23 | 3.86 |
Balance sheet
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Cash & equivalents | $177.4B | $161.6B |
| Current assets | — | — |
| Non-current assets* | — | — |
| Total assets | $3.3T | $3.4T |
| Current liabilities | — | — |
| Non-current liabilities* | — | — |
| Total liabilities | $3.0T | $3.1T |
| Stockholders’ equity | $294.0B | $303.2B |
Cash flow statement
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Operating cash flow | -$8.8B | $12.6B |
| Investing cash flow | -$90.7B | -$145.2B |
| Financing cash flow | $60.4B | $69.9B |
| Cash at end of period | $177.4B | $161.6B |
Five-year trends
Key metrics
| Metric | Trend | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $89.1B | $95.0B | $102.8B | $105.9B | $113.1B | |
| Net income | $32.0B | $27.5B | $26.3B | $27.0B | $30.5B | |
| Total assets | $3.2T | $3.1T | $3.2T | $3.3T | $3.4T | |
| Stockholders’ equity | $270.1B | $273.2B | $290.2B | $294.0B | $303.2B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from $105.9B to $113.1B (▲ +6.8%). Operating profit went from — to — (—).
Operating cash flow was $12.6B (prior -$8.8B), with cash on the balance sheet at $161.6B versus $177.4B.
Liquidity & leverage
Cash moved from $177.4B to $161.6B; current liabilities —.
Capital buffer
Stockholders’ equity moved from $294.0B to $303.2B.
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Source: SEC EDGAR 0000070858-26-000157
(BofA Finance LLC), period end 2025-12-31.