COLB
Columbia Banking System, Inc.
COLB 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 COLB overall, supported by stronger fundamentals and lower modeled downside.
COLB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
COLB's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like COLB.
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.
COLB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.4x | $30.59 | — |
| Cheap | 9.5x | $27.84 | -9% |
| Current | 10x | $30.59 | — |
| Fair | 11x | $32.87 | +7.5% |
| Expensive | 13x | $39.02 | +28% |
Historical ranges are pointers, not guarantees.
COLB 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.
COLB Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect COLB's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
COLB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.26 | +11% |
| Q3 2026 | $2.93 | +31% |
| Q2 2026 | $2.55 | +0.8% |
| Q1 2026 | $2.55 | +7.6% |
| Q4 2025 | $2.30 | -9.8% |
| Q3 2025 | $2.23 | -8.6% |
| Q2 2025 | $2.53 | +5.9% |
| Q1 2025 | $2.37 | -3.7% |
| Q4 2024 | $2.55 | +43% |
COLB earned $2.93 per share over the past year, up 31% 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 COLB on earnings, with more consistent year-over-year improvement.
COLB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $695M | +19% |
| Q2 2026 | $677M | +33% |
| Q1 2026 | $677M | +38% |
| Q4 2025 | $717M | +47% |
| Q3 2025 | $582M | +17% |
| Q2 2025 | $510.9M | +8.2% |
| Q1 2025 | $491.4M | +3.7% |
| Q4 2024 | $487.1M | -6.2% |
COLB has the edge over GS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2022 | 46% | +13 points |
| Q3 2022 | 44% | +1.1 points |
| Q2 2022 | 43% | -3.5 points |
| Q1 2022 | 43% | -0.8 points |
| Q4 2021 | 33% | -16 points |
| Q3 2021 | 42% | +5.3 points |
| Q2 2021 | 47% | +19 points |
| Q1 2021 | 44% | +31 points |
COLB's operating margin was 46% last quarter, up 13 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.
COLB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $365M | +55% |
| Q2 2026 | $295M | +176% |
| Q1 2026 | $494M | +305% |
| Q4 2025 | $281M | +9.8% |
| Q3 2025 | $236.2M | +251% |
| Q2 2025 | $106.8M | -29% |
| Q1 2025 | $122M | -34% |
| Q3 2024 | $67.2M | -81% |
COLB 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.
COLB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.1% | -6.1M shares |
| 1 year | +17% | +41.4M shares |
| 3 years | +34% | +71.7M shares |
| 5 years | +294% | +209M shares |
| Available history | +289% | +208M shares |
COLB has 280M diluted shares, up 17% from a year ago, despite $721M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $203M |
| Q2 2026 | $203M |
| Q1 2026 | $215M |
| Q4 2025 | $100M |
| Q3 2025 | $399,000 |
| Q2 2025 | $1.9M |
| Q1 2025 | $6.7M |
| Q4 2024 | $81,000 |
COLB spent $721M buying back its own shares over the past year, more than ten times what it spent 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 COLB 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.
COLB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | -0.8x | Net Cash |
| Q3 2022 | -0.9x | Net Cash |
| Q2 2022 | -1.3x | Net Cash |
| Q1 2022 | -3.3x | Net Cash |
| Q4 2021 | -2.9x | Net Cash |
| Q3 2021 | -3.0x | Net Cash |
| Q2 2021 | -2.9x | Net Cash |
| Q1 2021 | -3.5x | Net Cash |
COLB has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like COLB.
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.
COLB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 56.8 | Neutral |
COLB's weekly RSI is 53 (neutral) and its Stochastic is 57 (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).
COLB PE vs Financial Services Sector
| Metric | COLB | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 20% below |
| PE % | 31 | 63 | 32 pts below |
COLB 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.
COLB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.8 | 2.8% above |
| 20 week MA | $30.7 | 0.2% below |
| 50 week MA | $29.8 | 2.7% above |
| 100 week MA | $27.6 | 11% above |
| 200 week MA | $25.2 | 21% above |
COLB 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.
COLB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.8 | $34.7 | -15% |
| 2021 | $34.7 | $32.3 | -6.8% |
| 2022 | $32.3 | $29.5 | -8.8% |
| 2023 | $29.5 | $26.7 | -9.6% |
| 2024 | $26.7 | $27.1 | +1.7% |
| 2025 | $27.1 | $28.6 | +5.3% |
| 2026 YTD | $28.6 | $30.6 | +7% |
COLB 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.