BWB
Bridgewater Bancshares, Inc.
BWB has a slight edge over GS overall, supported by stronger fundamentals and stronger modeled upside.
GS
The Goldman Sachs Group, Inc.
GS's outlook is improving, though it still trails on the overall score.
BWB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BWB's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BWB.
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.
BWB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.8x | $17.14 | -17% |
| Fair | 11x | $22.18 | +7% |
| Current | 11x | $20.73 | — |
| Forward | 11x | $20.73 | — |
| Expensive | 14x | $26.63 | +28% |
Historical ranges are pointers, not guarantees.
BWB 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.
BWB Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BWB, with profitability holding steady.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
GS has the edge over BWB on the outlook, with more favorable profitability expectations.
BWB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.97 | +1.5% |
| Q3 2026 | $1.94 | +46% |
| Q2 2026 | $1.83 | +50% |
| Q1 2026 | $1.76 | +60% |
| Q4 2025 | $1.49 | +45% |
| Q3 2025 | $1.33 | +25% |
| Q2 2025 | $1.22 | +12% |
| Q1 2025 | $1.10 | -3.5% |
| Q4 2024 | $1.03 | -19% |
BWB earned $1.94 per share over the past year, up 46% 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 BWB on earnings, with more consistent year-over-year improvement.
BWB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $43.2M | +20% |
| Q2 2026 | $40.9M | +13% |
| Q1 2026 | $46.2M | +43% |
| Q4 2025 | $38.8M | +32% |
| Q3 2025 | $36.2M | +33% |
| Q2 2025 | $36.1M | +35% |
| Q1 2025 | $32.3M | +23% |
| Q4 2024 | $29.5M | +10% |
BWB has the edge over GS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 44% | +2.5 points |
| Q2 2026 | 45% | +3.1 points |
| Q1 2026 | 49% | +10 points |
| Q4 2025 | 44% | +8.5 points |
| Q3 2025 | 42% | -0.1 points |
| Q2 2025 | 42% | +2.3 points |
| Q1 2025 | 39% | +0.1 points |
| Q4 2024 | 36% | -7.7 points |
BWB has the edge over GS on profitability, with a higher operating margin.
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.
BWB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $45.5M | +486% |
| Q2 2026 | $9.3M | +229% |
| Q1 2026 | $14.2M | +105% |
| Q4 2025 | $4.4M | -86% |
| Q3 2025 | $7.8M | +$14.2M |
| Q2 2025 | $2.8M | -73% |
| Q1 2025 | $6.9M | -3.5% |
| Q4 2024 | $31.2M | +$39.8M |
BWB 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.
BWB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.7% | +207K shares |
| 1 year | +2.1% | +606K shares |
| 3 years | +1.7% | +485K shares |
| 5 years | -1.1% | -314K shares |
| Available history | -4% | -1.2M shares |
BWB has 29M diluted shares, up 2.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $1.6M |
| Q1 2025 | $621,000 |
| Q4 2024 | $17,000 |
| Q3 2024 | — |
| Q2 2024 | $2.9M |
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 BWB 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.
BWB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Elevated |
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 6.2x | High |
| Q3 2025 | 6.8x | High |
| Q2 2025 | 5.7x | High |
| Q1 2025 | 5.5x | High |
| Q4 2024 | 4.6x | High |
BWB's net debt is about 3.0 years of its operating earnings (EBITDA), down from 6.8 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BWB.
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 BWB on leverage, with a lower net debt burden relative to earnings.
BWB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.5 | Neutral |
| Stochastic | 24.5 | Neutral |
BWB's weekly RSI is 53 (neutral) and its Stochastic is 24 (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).
BWB PE vs Financial Services Sector
| Metric | BWB | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 18% below |
| PE % | 38 | 63 | 25 pts below |
BWB 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.
BWB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.5 | 1% above |
| 20 week MA | $21.1 | 1.6% below |
| 50 week MA | $19.6 | 6% above |
| 100 week MA | $17.4 | 19% above |
| 200 week MA | $14.7 | 41% above |
BWB 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.
BWB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.8 | $12.3 | -11% |
| 2021 | $12.3 | $17.3 | +40% |
| 2022 | $17.3 | $17.8 | +2.8% |
| 2023 | $17.8 | $13.5 | -24% |
| 2024 | $13.5 | $13.5 | -0.2% |
| 2025 | $13.5 | $18.0 | +34% |
| 2026 YTD | $18.0 | $20.7 | +15% |
BWB 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.