GS
The Goldman Sachs Group, Inc.
GS has the edge over HG overall, supported by stronger modeled upside and stronger valuation.
HG
Hamilton Insurance Group, Ltd.
HG's outlook is improving, though it still trails on the overall score.
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.
HG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
HG's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like HG.
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.
HG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.2x | $27.30 | -30% |
| Fair | 6.2x | $32.22 | -17% |
| Expensive | 6.8x | $35.17 | -9.2% |
| Current | 7.4x | $38.74 | — |
| Forward | 8.3x | $38.74 | — |
Historical ranges are pointers, not guarantees.
HG has the edge over GS in the historical PE scenario, which offers more potential upside but is not a forecast.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
GS has the edge over HG on the outlook, with more favorable valuation and profitability expectations.
HG Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for HG, with profitability holding steady.
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's earnings per share have climbed steadily: $69.58 over the past year, up 41% from the year before, and higher year over year for 10 quarters in a row. Its recent earnings include one-off gains.
HG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.67 | -10% |
| Q3 2026 | $5.21 | +23% |
| Q2 2026 | $5.72 | +57% |
| Q1 2026 | $6.09 | +99% |
| Q4 2025 | $5.55 | +51% |
HG has the edge over GS on earnings, with stronger typical year-over-year growth.
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 HG on profitability, with a higher operating margin.
HG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $828M | +24% |
| Q2 2026 | $839.6M | +13% |
| Q1 2026 | $758.9M | -1.3% |
| Q4 2025 | $728.3M | +28% |
| Q3 2025 | $667.7M | +30% |
| Q2 2025 | $740.8M | +26% |
| Q1 2025 | $768.8M | +17% |
| Q4 2024 | $570.5M | +15% |
HG has the edge over GS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +0.4 points |
| Q2 2026 | 31% | -5.9 points |
| Q1 2026 | 29% | +4.9 points |
| Q4 2025 | 26% | +13 points |
| Q3 2025 | 27% | +15 points |
| Q2 2025 | 37% | +2 points |
| Q1 2025 | 24% | -18 points |
| Q4 2024 | 13% | -7 points |
HG's operating margin was 27% 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.
HG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $267.2M | -9.6% |
| Q2 2026 | $125.3M | -43% |
| Q1 2026 | $100.8M | +189% |
| Q4 2025 | $293.4M | +3.3% |
| Q3 2025 | $295.6M | +84% |
| Q2 2025 | $218.4M | +40% |
| Q1 2025 | $34.9M | -78% |
| Q4 2024 | $284.1M | +701% |
HG 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 HG 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.
HG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -178K shares |
| 1 year | -3.5% | -3.7M shares |
| 3 years | -8.3% | -9.1M shares |
HG has 101M diluted shares, down 3.5% from a year ago, with $79M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3.1M |
| Q2 2026 | $22.2M |
| Q1 2026 | $33.1M |
| Q4 2025 | $20.2M |
| Q3 2025 | $40.5M |
| Q2 2025 | $35M |
| Q1 2025 | $16.9M |
| Q4 2024 | $27M |
HG spent $79M buying back its own shares over the past year, down 34% 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 HG on leverage, with a lower net debt burden relative to earnings.
HG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -0.7x | Net Cash |
| Q1 2026 | -0.8x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -1.4x | Net Cash |
| Q1 2025 | -1.3x | Net Cash |
| Q4 2024 | -1.3x | Net Cash |
HG has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HG.
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).
HG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.3 | Neutral |
| Stochastic | 74.2 | Neutral |
HG's weekly RSI is 68 (neutral) and its Stochastic is 74 (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.
HG PE vs Financial Services Sector
| Metric | HG | Sector median | Relative |
|---|---|---|---|
| PE | 7.4x | 13x | 43% below |
| PE % | 100 | 40 | 60 pts above |
HG 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 |
HG has stronger trend alignment. GS is above 3 of 5 weekly averages versus HG above 4 of 4.
HG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.7 | 8.7% above |
| 20 week MA | $35.4 | 9.3% above |
| 50 week MA | $32.0 | 21% above |
| 100 week MA | $26.8 | 45% above |
HG is in an uptrend: it's above all four of its weekly moving averages, and 45% above its 100-week average.
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.
HG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $15.2 | $15.0 | -1.6% |
| 2024 | $15.0 | $18.7 | +25% |
| 2025 | $18.7 | $28.2 | +51% |
| 2026 YTD | $28.2 | $38.7 | +37% |
HG has the edge over GS on returns for 2026, with the stronger performance.