BFH
Bread Financial Holdings, Inc.
BFH offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
GS
The Goldman Sachs Group, Inc.
GS has a slight edge over BFH overall, supported by stronger fundamentals and lower modeled downside.
BFH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
BFH's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like BFH.
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.
BFH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.5x | $44.57 | -54% |
| Fair | 7x | $89.13 | -9% |
| Forward | 7.2x | $97.91 | — |
| Current | 7.7x | $97.91 | — |
| Expensive | 12x | $150 | +54% |
Historical ranges are pointers, not guarantees.
BFH's PE is in its fair range at 7.7x. If earnings grow as analysts expect, today's price would be 7.2x next year's earnings.
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 has the edge over BFH in the historical PE scenario, which offers more potential upside but is not a forecast.
BFH Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect BFH's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for GS, with profitability improving. However, they disagree widely on these estimates.
BFH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.54 | +6.4% |
| Q3 2026 | $12.73 | +30% |
| Q2 2026 | $12.87 | +120% |
| Q1 2026 | $12.26 | +120% |
| Q4 2025 | $10.89 | +98% |
| Q3 2025 | $9.76 | +55% |
| Q2 2025 | $5.85 | -40% |
| Q1 2025 | $5.57 | -30% |
| Q4 2024 | $5.49 | -62% |
BFH earned $12.73 per share over the past year, up 30% 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 BFH on earnings, with more consistent year-over-year improvement.
BFH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +4.7% |
| Q2 2026 | $993M | +6.9% |
| Q1 2026 | $1B | +4.9% |
| Q4 2025 | $975M | +5.4% |
| Q3 2025 | $971M | -1.2% |
| Q2 2025 | $929M | -1.1% |
| Q1 2025 | $970M | -2.1% |
| Q4 2024 | $925M | -9% |
BFH's revenue has grown year over year for four quarters in a row: $1B last quarter, up 4.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +0.4 points |
| Q2 2026 | 20% | +1.1 points |
| Q1 2026 | 24% | +3.6 points |
| Q4 2025 | 4.8% | +7.7 points |
| Q3 2025 | 20% | +16 points |
| Q2 2025 | 19% | -0.4 points |
| Q1 2025 | 20% | +1.3 points |
| Q4 2024 | -2.9% | -4.7 points |
BFH's operating margin was 21% last quarter, about level with 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 BFH on sales, with more consistent year-over-year improvement.
| 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 BFH on profitability, with a higher operating margin.
BFH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $601M | -0.7% |
| Q2 2026 | $533M | +1.3% |
| Q1 2026 | $487M | +24% |
| Q4 2025 | $568M | +19% |
| Q3 2025 | $605M | +33% |
| Q2 2025 | $526M | +10% |
| Q1 2025 | $393M | -12% |
| Q4 2024 | $479M | -22% |
BFH 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.
BFH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.4% | -1.4M shares |
| 1 year | -17% | -8.2M shares |
| 3 years | -22% | -10.8M shares |
| 5 years | -21% | -10.7M shares |
| Available history | -23% | -11.6M shares |
BFH has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $76M |
| Q2 2026 | $243M |
| Q1 2026 | $153M |
| Q4 2025 | $123M |
| Q3 2025 | $40M |
| Q2 2025 | $47M |
| Q1 2025 | $103M |
| Q4 2024 | $44M |
BFH spent $595M buying back its own shares over the past year, up 154% 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.
BFH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.1x | Net Cash |
| Q2 2026 | -4.9x | Net Cash |
| Q1 2026 | -4.9x | Net Cash |
| Q4 2025 | 1.0x | Healthy |
| Q3 2025 | 0.0x | Very low |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 4.0x | Elevated |
BFH has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BFH.
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 the edge over BFH on leverage, with a lower net debt burden relative to earnings.
BFH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.1 | Neutral |
| Stochastic | 34.1 | Neutral |
BFH's weekly RSI is 49 (neutral) and its Stochastic is 34 (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).
BFH PE vs Financial Services Sector
| Metric | BFH | Sector median | Relative |
|---|---|---|---|
| PE | 7.7x | 13x | 41% below |
| PE % | 55 | 63 | 8 pts below |
BFH 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.
BFH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $100.9 | 3% below |
| 20 week MA | $103.8 | 5.7% below |
| 50 week MA | $90.1 | 8.7% above |
| 100 week MA | $73.8 | 33% above |
| 200 week MA | $56.4 | 74% above |
BFH has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 74% above 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's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.
BFH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.5 | $57.4 | -35% |
| 2021 | $57.4 | $69.1 | +20% |
| 2022 | $69.1 | $37.3 | -46% |
| 2023 | $37.3 | $32.9 | -12% |
| 2024 | $32.9 | $61.9 | +88% |
| 2025 | $61.9 | $76.6 | +24% |
| 2026 YTD | $76.6 | $97.9 | +28% |
BFH has the edge over GS on returns for 2026, with the stronger performance.
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 finished higher in five of the last six years, two of them by more than 50%. It's up 0.7% so far in 2026.