BX
Blackstone Inc.
BX offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
GS
The Goldman Sachs Group, Inc.
GS has a slight edge over BX overall on the model score.
BX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BX's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BX.
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.
BX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $77.47 | -35% |
| Forward | 18x | $119 | — |
| Current | 26x | $119 | — |
| Fair | 34x | $151 | +27% |
| Expensive | 58x | $259 | +118% |
Historical ranges are pointers, not guarantees.
BX 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.
BX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for BX, with profitability 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.
BX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.61 | +47% |
| Q3 2026 | $4.49 | +29% |
| Q2 2026 | $4.46 | +20% |
| Q1 2026 | $3.90 | +18% |
| Q4 2025 | $3.87 | +6.9% |
| Q3 2025 | $3.49 | +20% |
| Q2 2025 | $3.71 | +41% |
| Q1 2025 | $3.31 | +17% |
| Q4 2024 | $3.62 | +97% |
BX's earnings per share have fallen from their peak: $4.49 over the past year, against $8.13 in late 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 BX on earnings, with stronger typical year-over-year growth.
BX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.1B | -0.8% |
| Q2 2026 | $5B | +36% |
| Q1 2026 | $3.6B | +10% |
| Q4 2025 | $4.4B | +41% |
| Q3 2025 | $3.1B | -16% |
| Q2 2025 | $3.7B | +33% |
| Q1 2025 | $3.3B | -11% |
| Q4 2024 | $3.1B | +140% |
BX's revenue is growing: $3.1B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | +3.6 points |
| Q2 2026 | 53% | +5 points |
| Q1 2026 | 37% | -4.9 points |
| Q4 2025 | 51% | -0.1 points |
| Q3 2025 | 43% | -4.9 points |
| Q2 2025 | 48% | +6.3 points |
| Q1 2025 | 42% | -9 points |
| Q4 2024 | 51% | +25 points |
BX 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.
BX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.9B | +22% |
| Q2 2026 | $1.9B | +125% |
| Q1 2026 | $957.6M | -11% |
| Q4 2025 | $1B | +599% |
| Q3 2025 | $1.6B | +31% |
| Q1 2025 | $1.1B | +17% |
| Q4 2024 | $149.5M | -83% |
| Q3 2024 | $1.2B | +18% |
BX 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.
BX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +82.9K shares |
| 1 year | +2.2% | +17.3M shares |
| 3 years | +5.5% | +41.9M shares |
| 5 years | +11% | +77.5M shares |
| Available history | +18% | +124M shares |
BX has 800M diluted shares, up 2.2% from a year ago.
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 BX 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.
BX 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.
BX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.4 | Neutral |
| Stochastic | 29.9 | Neutral |
BX's weekly RSI is 45 (neutral) and its Stochastic is 30 (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).
BX PE vs Financial Services Sector
| Metric | BX | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 13x | 103% above |
| PE % | 35 | 63 | 28 pts below |
BX is trading at 26x earnings, a 103% premium to the Financial Services sector's median of 13x.
GS PE vs Financial Services Sector
| Metric | GS | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.8% above |
| PE % | 46 | 63 | 17 pts below |
GS has the edge over BX on valuation relative to its sector.
BX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $115.7 | 2.5% above |
| 20 week MA | $125.6 | 5.6% below |
| 50 week MA | $127.7 | 7.2% below |
| 100 week MA | $142.1 | 17% below |
| 200 week MA | $130.3 | 9% below |
BX has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 9% 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 BX on trend strength, trading above more of its moving averages.
BX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $56.1 | $65.0 | +16% |
| 2021 | $65.0 | $135.0 | +108% |
| 2022 | $135.0 | $74.9 | -45% |
| 2023 | $74.9 | $130.9 | +75% |
| 2024 | $130.9 | $174.0 | +33% |
| 2025 | $174.0 | $155.4 | -11% |
| 2026 YTD | $155.4 | $118.5 | -24% |
BX's yearly returns have swung widely, from +108% in 2021 to −45% in 2022. It's down 24% 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 BX on returns for 2026, with the stronger performance.