AXS
AXIS Capital Holdings Limited
AXS offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
GS
The Goldman Sachs Group, Inc.
GS has the edge over AXS overall, supported by stronger fundamentals and stronger modeled upside.
AXS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
AXS's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like AXS.
GS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
GS's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like GS.
AXS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.1x | $106 | -2.2% |
| Current | 8.3x | $108 | — |
| Forward | 8.4x | $108 | — |
| Fair | 11x | $141 | +31% |
| Expensive | 17x | $219 | +102% |
Historical ranges are pointers, not guarantees.
AXS has the edge over GS in the historical PE scenario, which offers more potential upside but is not a forecast.
GS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.6x | $528 | -42% |
| Current | 13x | $914 | — |
| Forward | 13x | $914 | — |
| Fair | 14x | $940 | +2.9% |
| Expensive | 17x | $1,214 | +33% |
Historical ranges are pointers, not guarantees.
GS's PE is 13x, but its earnings don't support one, so it isn't a reliable read right now.
AXS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect AXS's revenue to grow, with its earnings and profitability holding steady.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
GS has the edge over AXS on the outlook, with more favorable earnings and profitability expectations.
AXS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.88 | -1.3% |
| Q3 2026 | $13.05 | +7.9% |
| Q2 2026 | $14.04 | +35% |
| Q1 2026 | $13.38 | +33% |
| Q4 2025 | $12.35 | 0% |
| Q3 2025 | $12.10 | +68% |
| Q2 2025 | $10.40 | +43% |
| Q1 2025 | $10.08 | +54% |
| Q4 2024 | $12.35 | +207% |
AXS earned $13.05 per share over the past year, up 7.9% from the year before.
GS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $72.35 | +4% |
| Q3 2026 | $69.58 | +41% |
| Q2 2026 | $64.82 | +43% |
| Q1 2026 | $54.75 | +27% |
| Q4 2025 | $51.32 | +27% |
| Q3 2025 | $49.22 | +44% |
| Q2 2025 | $45.37 | +45% |
| Q1 2025 | $43.08 | +68% |
| Q4 2024 | $40.54 | +77% |
GS has the edge over AXS on earnings, with more consistent year-over-year improvement.
AXS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +6.9% |
| Q2 2026 | $1.8B | +7.4% |
| Q1 2026 | $1.6B | +8% |
| Q4 2025 | $1.7B | +18% |
| Q3 2025 | $1.7B | +3.9% |
| Q2 2025 | $1.6B | +13% |
| Q1 2025 | $1.5B | +6.8% |
| Q4 2024 | $1.5B | -0.6% |
AXS's revenue has grown year over year for seven quarters in a row: $1.8B last quarter, up 6.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -7.8 points |
| Q2 2026 | 18% | +0.9 points |
| Q1 2026 | 19% | +3.2 points |
| Q4 2025 | 19% | +0.4 points |
| Q3 2025 | 22% | +7.9 points |
| Q2 2025 | 17% | -0.3 points |
| Q1 2025 | 16% | -3.5 points |
| Q4 2024 | 19% | +31 points |
AXS's operating margin was 14% last quarter, down 7.8 points from the same quarter a year ago.
GS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $18.7B | +23% |
| Q2 2026 | $20.3B | +39% |
| Q1 2026 | $17.2B | +14% |
| Q4 2025 | $13.5B | -3% |
| Q3 2025 | $15.2B | +20% |
| Q2 2025 | $14.6B | +15% |
| Q1 2025 | $15.1B | +6% |
| Q4 2024 | $13.9B | +23% |
GS has the edge over AXS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 37% | +2 points |
| Q2 2026 | 42% | +8.1 points |
| Q1 2026 | 38% | +0.2 points |
| Q4 2025 | 44% | +5.6 points |
| Q3 2025 | 36% | +4.1 points |
| Q2 2025 | 34% | +3.2 points |
| Q1 2025 | 37% | +0.6 points |
| Q4 2024 | 38% | +18 points |
GS has the edge over AXS on profitability, with a higher operating margin.
AXS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $877.5M | +30% |
| Q2 2026 | $631.5M | +$2.3B |
| Q1 2026 | $519.4M | +68% |
| Q4 2025 | $630.4M | +77% |
| Q3 2025 | $673.8M | +15% |
| Q2 2025 | -$1.7B | -419% |
| Q1 2025 | $309.1M | -20% |
| Q4 2024 | $355.5M | +16% |
AXS has the edge over GS on cash generation, producing positive trailing cash flow while its opponent burns cash.
GS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.7B | +72% |
| Q2 2026 | $5.6B | +7.8% |
| Q1 2026 | -$32.4B | +$5.3B |
| Q4 2025 | -$16.8B | -136% |
| Q3 2025 | $2.1B | +$40.6B |
| Q2 2025 | $5.2B | -6.8% |
| Q1 2025 | -$37.7B | -$9.2B |
| Q4 2024 | $46.2B | +$75.1B |
GS's free cash flow was −$40B over the past year, against $15.8B the year before. Free cash flow isn't a meaningful measure for financial services companies like GS.
AXS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -830K shares |
| 1 year | -6.7% | -5.2M shares |
| 3 years | -15% | -12.7M shares |
| 5 years | -14% | -12M shares |
| Available history | -13% | -11.1M shares |
AXS has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $109.5M |
| Q2 2026 | $89.3M |
| Q1 2026 | $59.5M |
| Q4 2025 | $287.8M |
| Q3 2025 | $110M |
| Q2 2025 | $50M |
| Q1 2025 | $440M |
| Q4 2024 | $60.1M |
AXS spent $546M buying back its own shares over the past year, down 17% from the year before.
GS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.8M shares |
| 1 year | -4.4% | -13.9M shares |
| 3 years | -12% | -42.8M shares |
| 5 years | -15% | -52.8M shares |
| Available history | -20% | -74.4M shares |
GS has 301M diluted shares, down 4.4% from a year ago, with $15B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3B |
| Q2 2026 | $4B |
| Q1 2026 | $5B |
| Q4 2025 | $3B |
| Q3 2025 | $2B |
| Q2 2025 | $3B |
| Q1 2025 | $4.4B |
| Q4 2024 | $2B |
GS spent $15B buying back its own shares over the past year, up 32% from the year before.
AXS Net Leverage
GS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.4x | Net Cash |
| Q2 2026 | -6.1x | Net Cash |
| Q1 2026 | -6.7x | Net Cash |
| Q4 2025 | -6.4x | Net Cash |
| Q3 2025 | -3.5x | Net Cash |
| Q2 2025 | -3.1x | Net Cash |
| Q1 2025 | -3.9x | Net Cash |
| Q4 2024 | -4.7x | Net Cash |
GS has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like GS.
AXS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.4 | Neutral |
| Stochastic | 68.1 | Neutral |
AXS's weekly RSI is 59 (neutral) and its Stochastic is 68 (neutral).
GS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.5 | Neutral |
| Stochastic | 16.3 | Oversold |
GS's weekly RSI is 45 (neutral) and its Stochastic is 16 (oversold).
AXS PE vs Financial Services Sector
| Metric | AXS | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 13x | 36% below |
| PE % | 21 | 63 | 42 pts below |
AXS has the edge over GS on valuation relative to its sector.
GS PE vs Financial Services Sector
| Metric | GS | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.8% above |
| PE % | 46 | 63 | 17 pts below |
GS is trading at 13x earnings, in line with the Financial Services sector's median of 13x, though its earnings don't support one.
AXS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $100.9 | 7.3% above |
| 20 week MA | $103.6 | 4.5% above |
| 50 week MA | $102.6 | 5.5% above |
| 100 week MA | $99.3 | 9% above |
| 200 week MA | $81.5 | 33% above |
AXS has the edge over GS on trend strength, trading above more of its moving averages.
GS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $895.5 | 2% above |
| 20 week MA | $977.4 | 6.5% below |
| 50 week MA | $945.4 | 3.4% below |
| 100 week MA | $804.5 | 14% above |
| 200 week MA | $602.7 | 52% above |
GS's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.
AXS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $59.6 | $50.4 | -16% |
| 2021 | $50.4 | $52.1 | +3.4% |
| 2022 | $52.1 | $54.8 | +5.3% |
| 2023 | $54.8 | $55.4 | +1% |
| 2024 | $55.4 | $89.3 | +61% |
| 2025 | $89.3 | $109.0 | +22% |
| 2026 YTD | $109.0 | $108.2 | -0.7% |
AXS has finished higher in five of the last six years. It's down 0.7% so far in 2026.
GS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $230.7 | $256.2 | +11% |
| 2021 | $256.2 | $385.0 | +50% |
| 2022 | $385.0 | $345.5 | -10% |
| 2023 | $345.5 | $385.8 | +12% |
| 2024 | $385.8 | $576.2 | +49% |
| 2025 | $576.2 | $907.0 | +57% |
| 2026 YTD | $907.0 | $913.6 | +0.7% |
GS has the edge over AXS on returns for 2026, with the stronger performance.