FBIZ
First Business Financial Services, Inc.
FBIZ offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
GS
The Goldman Sachs Group, Inc.
GS has the edge over FBIZ overall, supported by stronger valuation and stronger fundamentals.
FBIZ Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
FBIZ's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like FBIZ.
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.
FBIZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.5x | $50.79 | -32% |
| Fair | 8.6x | $58.61 | -22% |
| Expensive | 10x | $68.55 | -8.7% |
| Current | 11x | $75.07 | — |
| Forward | 11x | $75.07 | — |
Historical ranges are pointers, not guarantees.
FBIZ 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.
FBIZ Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FBIZ, with profitability improving.
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.
FBIZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.06 | +3.7% |
| Q3 2026 | $6.81 | +12% |
| Q2 2026 | $6.56 | +17% |
| Q1 2026 | $6.07 | +10% |
| Q4 2025 | $5.95 | +14% |
| Q3 2025 | $6.08 | +30% |
| Q2 2025 | $5.62 | +22% |
| Q1 2025 | $5.50 | +27% |
| Q4 2024 | $5.22 | +20% |
FBIZ's earnings per share have climbed steadily: $6.81 over the past year, up 12% from the year before, and higher year over year for 10 quarters in a row.
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 FBIZ on earnings, with stronger typical year-over-year growth.
FBIZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $47.5M | +6.7% |
| Q2 2026 | $46.7M | +14% |
| Q1 2026 | $44.3M | +8.5% |
| Q4 2025 | $42.2M | +2.6% |
| Q3 2025 | $44.5M | +17% |
| Q2 2025 | $41M | +8.1% |
| Q1 2025 | $40.8M | +13% |
| Q4 2024 | $41.2M | +12% |
FBIZ's revenue has grown year over year for 19 quarters in a row: $48M last quarter, up 6.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 41% | +1.9 points |
| Q2 2026 | 36% | +3.4 points |
| Q1 2026 | 32% | -0.5 points |
| Q4 2025 | 38% | +1.3 points |
| Q3 2025 | 39% | +5.2 points |
| Q2 2025 | 33% | 0 points |
| Q1 2025 | 33% | +3.7 points |
| Q4 2024 | 37% | +3.1 points |
FBIZ 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.
FBIZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.2M | -72% |
| Q2 2026 | $43.6M | +181% |
| Q1 2026 | $2.9M | -74% |
| Q4 2025 | $16.1M | -27% |
| Q3 2025 | $18.3M | +27% |
| Q2 2025 | $15.5M | +23% |
| Q1 2025 | $11.2M | +35% |
| Q4 2024 | $21.9M | +68% |
FBIZ 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.
FBIZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +37.9K shares |
| 1 year | +0.9% | +74.5K shares |
| 3 years | +1.7% | +138K shares |
| 5 years | -1.1% | -94.1K shares |
| Available history | -3.2% | -269K shares |
FBIZ has 8M diluted shares, up 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $849,000 |
| Q2 2026 | $878,000 |
| Q1 2026 | $811,000 |
| Q4 2025 | $16,000 |
| Q3 2025 | $11,000 |
| Q2 2025 | $586,000 |
| Q1 2025 | $777,000 |
| Q4 2024 | $13,000 |
FBIZ spent $3M buying back its own shares over the past year, up 84% 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 FBIZ 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.
FBIZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.3x | Net Cash |
| Q2 2026 | -2.4x | Net Cash |
| Q1 2026 | -2.1x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -2.1x | Net Cash |
| Q1 2025 | -3.0x | Net Cash |
| Q4 2024 | -2.9x | Net Cash |
FBIZ has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like FBIZ.
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 FBIZ on leverage, with a lower net debt burden relative to earnings.
FBIZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.6 | Neutral |
| Stochastic | 67.1 | Neutral |
FBIZ's weekly RSI is 69 (neutral) and its Stochastic is 67 (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).
FBIZ PE vs Financial Services Sector
| Metric | FBIZ | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 15% below |
| PE % | 96 | 63 | 33 pts above |
FBIZ 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.
FBIZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $72.3 | 3.8% above |
| 20 week MA | $70.4 | 6.7% above |
| 50 week MA | $62.1 | 21% above |
| 100 week MA | $55.8 | 35% above |
| 200 week MA | $45.8 | 64% above |
FBIZ 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.
FBIZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.2 | $18.2 | -30% |
| 2021 | $18.2 | $28.8 | +58% |
| 2022 | $28.8 | $36.5 | +27% |
| 2023 | $36.5 | $40.1 | +10% |
| 2024 | $40.1 | $45.9 | +14% |
| 2025 | $45.9 | $55.4 | +21% |
| 2026 YTD | $55.4 | $75.1 | +35% |
FBIZ 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.