BBDC
Barings BDC, Inc.
BBDC trails on the overall score without a compensating advantage in the available component scores.
GS
The Goldman Sachs Group, Inc.
GS has the edge over BBDC overall, supported by stronger fundamentals and stronger valuation.
BBDC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
BBDC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BBDC.
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.
BBDC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.3x | $7.69 | -11% |
| Fair | 7.9x | $8.34 | -3.1% |
| Current | 8.1x | $8.60 | — |
| Forward | 8.4x | $8.60 | — |
| Expensive | 20x | $20.87 | +143% |
Historical ranges are pointers, not guarantees.
BBDC 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.
BBDC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect BBDC's profitability to weaken, with its earnings and revenue holding steady.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
GS has the edge over BBDC on the outlook, with more favorable earnings and revenue expectations.
BBDC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.02 | -3.8% |
| Q3 2026 | $1.06 | -6.2% |
| Q2 2026 | $1.12 | +1.8% |
| Q1 2026 | $1.12 | -8.2% |
| Q4 2025 | $1.12 | -10% |
| Q3 2025 | $1.13 | -12% |
| Q2 2025 | $1.10 | -15% |
| Q1 2025 | $1.22 | +0.8% |
| Q4 2024 | $1.25 | +5.9% |
BBDC's earnings per share have fallen from their peak: $1.06 over the past year, against $2.84 in early 2021.
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 BBDC on earnings, with more consistent year-over-year improvement.
BBDC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2022 | $56.3M | +127% |
| Q2 2022 | $55.6M | +41% |
| Q1 2022 | $43.8M | +43% |
| Q4 2021 | $23.4M | -28% |
| Q3 2021 | $24.8M | +52% |
| Q2 2021 | $39.5M | +145% |
| Q1 2021 | $30.6M | +64% |
| Q4 2020 | $32.5M | +76% |
BBDC has the stronger quarterly revenue trend. Revenue is up 127% for BBDC versus up 23% for GS.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2022 | 77% | +19 points |
| Q2 2022 | 81% | +6.6 points |
| Q1 2022 | 70% | -0.6 points |
| Q4 2021 | 49% | -21 points |
| Q3 2021 | 58% | -14 points |
| Q2 2021 | 74% | +5.1 points |
| Q1 2021 | 71% | -0.5 points |
| Q4 2020 | 70% | -4.1 points |
BBDC's operating margin was 77% last quarter, up 19 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's revenue is growing: $18.7B last quarter, up 23% from the same quarter a year ago.
| 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's operating margin was 37% last quarter, up 2 points from the same quarter a year ago.
BBDC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$24.8M | -251% |
| Q2 2026 | $15.8M | +$68.5M |
| Q1 2026 | $68M | +$75.7M |
| Q4 2025 | $204.5M | +$249.7M |
| Q3 2025 | $16.5M | -32% |
| Q2 2025 | -$52.7M | -138% |
| Q1 2025 | -$7.8M | -258% |
| Q4 2024 | -$45.2M | -132% |
BBDC 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.
BBDC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -0.4% | -452K shares |
| 3 years | -1.7% | -1.8M shares |
| 5 years | +60% | +39.4M shares |
| Available history | +113% | +55.6M shares |
BBDC has 105M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $4M |
| Q3 2025 | — |
| Q2 2025 | $888,000 |
| Q1 2025 | $1.5M |
| Q4 2024 | $1.5M |
BBDC spent $4M buying back its own shares over the past year, up 5.3% 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 the edge over BBDC on shareholder dilution, with a more favorable share count trend.
| 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.
BBDC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 9.5x | High |
| Q2 2022 | 13.2x | High |
| Q1 2022 | 15.4x | High |
| Q4 2021 | 16.8x | High |
| Q3 2021 | 11.3x | High |
| Q2 2021 | 11.8x | High |
| Q1 2021 | 14.1x | High |
| Q4 2020 | 14.5x | High |
BBDC's net debt is about 9.4 years of its operating earnings (EBITDA), down from 11 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BBDC.
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.
BBDC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.0 | Neutral |
| Stochastic | 33.2 | Neutral |
BBDC's weekly RSI is 48 (neutral) and its Stochastic is 33 (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).
BBDC PE vs Financial Services Sector
| Metric | BBDC | Sector median | Relative |
|---|---|---|---|
| PE | 8.1x | 13x | 38% below |
| PE % | 60 | 63 | 3 pts below |
BBDC 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.
BBDC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.56 | 0.5% above |
| 20 week MA | $8.72 | 1.4% below |
| 50 week MA | $8.71 | 1.3% below |
| 100 week MA | $9.01 | 4.6% below |
| 200 week MA | $9.01 | 4.6% below |
BBDC has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 4.6% below its 200-week average.
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 has the edge over BBDC on trend strength, trading above more of its moving averages.
BBDC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.3 | $9.10 | -12% |
| 2021 | $9.10 | $11.0 | +21% |
| 2022 | $11.0 | $8.25 | -25% |
| 2023 | $8.25 | $8.58 | +4% |
| 2024 | $8.58 | $9.52 | +11% |
| 2025 | $9.52 | $8.97 | -5.8% |
| 2026 YTD | $8.97 | $8.60 | -4.1% |
BBDC has finished lower in three of the last six years. It's down 4.1% 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 BBDC on returns for 2026, with the stronger performance.