GS
The Goldman Sachs Group, Inc.
GS has the edge over HAFC overall, supported by stronger valuation and stronger fundamentals.
HAFC
Hanmi Financial Corporation
HAFC offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
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.
HAFC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
HAFC'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 HAFC.
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 HAFC in the historical PE scenario, which offers more potential upside but is not a forecast.
HAFC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.5x | $19.78 | -39% |
| Forward | 9.6x | $32.54 | — |
| Fair | 9.9x | $30.10 | -7.5% |
| Current | 11x | $32.54 | — |
| Expensive | 12x | $36.02 | +11% |
Historical ranges are pointers, not guarantees.
HAFC's PE is in its fair range at 11x. If earnings grow as analysts expect, today's price would be 9.6x next year's earnings.
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.
HAFC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
HAFC has the edge over GS on the outlook, with more favorable valuation expectations.
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 HAFC on earnings, with more consistent year-over-year improvement.
HAFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.39 | +11% |
| Q3 2026 | $3.04 | +27% |
| Q2 2026 | $2.97 | +38% |
| Q1 2026 | $2.68 | +26% |
| Q4 2025 | $2.51 | +22% |
| Q3 2025 | $2.39 | +15% |
| Q2 2025 | $2.15 | -2.7% |
| Q1 2025 | $2.13 | -11% |
| Q4 2024 | $2.05 | -22% |
HAFC earned $3.04 per share over the past year, up 27% from the year before.
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 has the edge over HAFC on profitability, with a higher operating margin.
HAFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $76.6M | +7.9% |
| Q2 2026 | $72.2M | +11% |
| Q1 2026 | $71.7M | +14% |
| Q4 2025 | $71.2M | +17% |
| Q3 2025 | $71M | +21% |
| Q2 2025 | $65.2M | +15% |
| Q1 2025 | $62.8M | +7.6% |
| Q4 2024 | $60.8M | +1.6% |
HAFC's revenue has grown year over year for eight quarters in a row: $77M last quarter, up 7.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | -0.2 points |
| Q2 2026 | 33% | +9.4 points |
| Q1 2026 | 31% | +3.3 points |
| Q4 2025 | 30% | -12 points |
| Q3 2025 | 31% | -5 points |
| Q2 2025 | 23% | -13 points |
| Q1 2025 | 28% | -9.1 points |
| Q4 2024 | 42% | -4.3 points |
HAFC's operating margin was 31% last quarter, about level with the same quarter a year ago.
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.
HAFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $35.7M | -76% |
| Q2 2026 | -$9.9M | +$9.6M |
| Q1 2026 | $23.4M | -8.6% |
| Q4 2025 | $51.3M | +231% |
| Q3 2025 | $146.4M | +2632% |
| Q2 2025 | -$19.6M | -1626% |
| Q1 2025 | $25.6M | -12% |
| Q4 2024 | $15.5M | +154% |
HAFC has the edge over GS on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 HAFC 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.
HAFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -119K shares |
| 1 year | -1% | -311K shares |
| 3 years | -2.4% | -723K shares |
| 5 years | -3.2% | -982K shares |
| Available history | -3.9% | -1.2M shares |
HAFC has 30M diluted shares, down 1% from a year ago, with $16M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.8M |
| Q2 2026 | $4.8M |
| Q1 2026 | $4.8M |
| Q4 2025 | $2M |
| Q3 2025 | $4.7M |
| Q2 2025 | $1.6M |
| Q1 2025 | $1.1M |
| Q4 2024 | $554,000 |
HAFC spent $16M buying back its own shares over the past year, up 105% from the year before.
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 HAFC on leverage, with a lower net debt burden relative to earnings.
HAFC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -2.1x | Net Cash |
| Q1 2026 | -1.4x | Net Cash |
| Q4 2025 | 1.0x | Very low |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -1.3x | Net Cash |
| Q1 2025 | -0.8x | Net Cash |
| Q4 2024 | 1.0x | Healthy |
| Q3 2024 | 1.3x | Healthy |
HAFC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HAFC.
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).
HAFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.2 | Neutral |
| Stochastic | 62.8 | Neutral |
HAFC's weekly RSI is 59 (neutral) and its Stochastic is 63 (neutral).
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.
HAFC PE vs Financial Services Sector
| Metric | HAFC | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 18% below |
| PE % | 60 | 63 | 3 pts below |
HAFC has the edge over GS on valuation relative to its sector.
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.
HAFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.0 | 1.8% above |
| 20 week MA | $32.0 | 1.8% above |
| 50 week MA | $29.8 | 9.1% above |
| 100 week MA | $26.9 | 21% above |
| 200 week MA | $22.5 | 44% above |
HAFC has the edge over GS on trend strength, trading above more of its moving averages.
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.
HAFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.9 | $11.5 | -42% |
| 2021 | $11.5 | $22.8 | +98% |
| 2022 | $22.8 | $24.7 | +8.4% |
| 2023 | $24.7 | $19.4 | -22% |
| 2024 | $19.4 | $23.4 | +21% |
| 2025 | $23.4 | $27.8 | +19% |
| 2026 YTD | $27.8 | $32.5 | +17% |
HAFC has the edge over GS on returns for 2026, with the stronger performance.