GS

The Goldman Sachs Group, Inc.

64
Fundamentals69/ 100
Valuation50/ 100
Upside potential57/ 100
Risk potential14/ 100

GS's fundamentals are strong: revenue grew 19% and its operating margin rose 4 points to 40%. Its PE isn't a useful guide right now because of how its recent earnings were reported.

IONQ

IonQ, Inc.

There isn't enough reported data to score IONQ yet.

GS Fundamentals

MetricStatus
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.

IONQ Fundamentals

MetricStatus
Healthy
Stable
Weak
Unavailable

IONQ's revenue is currently healthy, and its profitability is stable, but its cash flow is weak. There isn't enough data to rate its balance sheet.

GS PE Valuation

CHEAPFAIREXPENSIVE5.2x10x16x21x
CHEAPFAIREXPENSIVE5.2x10x16x21x
LevelPEPriceVs current
Cheap7.6x$528-42%
Current13x$914โ€”
Forward13x$914โ€”
Fair14x$940+2.9%
Expensive17x$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.

IONQ PE Valuation

LevelPEPriceVs current
Current33x$30.86โ€”
Cheap86x$80.61+161%
Fair126x$119+285%
Expensive147x$138+349%

Historical ranges are pointers, not guarantees.

IONQ has the edge over GS in the historical PE scenario, which offers more potential upside but is not a forecast.

GS Forward outlook

MetricOutlook
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.

IONQ Forward outlook

MetricOutlook
--
Losses shrinking
Strong growth
--
Limited
Low

Analysts expect IONQ's losses to shrink, with revenue growing. However, they disagree widely on these estimates.

GS Risk to reward

ScenarioChangePrice
Upside+19%$1,085.26
Downside-14%$781.84

Calculated from the latest close: $913.60 on Nov 12.

There is not enough scenario data to compare GS and IONQ's risk to reward.

IONQ Risk to reward

ScenarioChangePrice
UpsideUnknownโ€”
DownsideUnknownโ€”

Calculated from the latest close: $30.86 on Nov 12.

There is not enough scenario data to compare GS and IONQ's risk to reward.

GS Earnings Per Share

Q4 2023: $22.87Q1 2024: $25.66Q2 2024: $31.20Q3 2024: $34.13Q4 2024: $40.54Q1 2025: $43.08Q2 2025: $45.37Q3 2025: $49.22Q4 2025: $51.32Q1 2026: $54.75Q2 2026: $64.82Q3 2026: $69.58Forward: $72.35
Q4 2023: $22.87Q1 2024: $25.66Q2 2024: $31.20Q3 2024: $34.13Q4 2024: $40.54Q1 2025: $43.08Q2 2025: $45.37Q3 2025: $49.22Q4 2025: $51.32Q1 2026: $54.75Q2 2026: $64.82Q3 2026: $69.58Forward: $72.35
QuarterTTM EPSYoY
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 IONQ on earnings, with more consistent year-over-year improvement.

IONQ Earnings Per Share

Q4 2023: $-0.78Q1 2024: $-0.83Q2 2024: $-0.79Q3 2024: $-0.81Q4 2024: $-1.56Q1 2025: $-1.51Q2 2025: $-2.03Q3 2025: $-5.37Q4 2025: $-1.82Q1 2026: $0.39Q2 2026: $-3.99Q3 2026: $0.94
Q4 2023: $-0.78Q1 2024: $-0.83Q2 2024: $-0.79Q3 2024: $-0.81Q4 2024: $-1.56Q1 2025: $-1.51Q2 2025: $-2.03Q3 2025: $-5.37Q4 2025: $-1.82Q1 2026: $0.39Q2 2026: $-3.99Q3 2026: $0.94
QuarterTTM EPSYoY
Q3 2026$0.94+$6.31
Q2 2026-$3.99-$1.96
Q1 2026$0.39+$1.90
Q4 2025-$1.82-$0.26
Q3 2025-$5.37-$4.56
Q2 2025-$2.03-$1.24
Q1 2025-$1.51-$0.68
Q4 2024-$1.56-$0.78

IONQ has returned to profit: it earned $0.94 per share over the past year, after losing money the year before.

GS Quarterly Revenue

Q4 2023: $11.3BQ1 2024: $14.2BQ2 2024: $12.7BQ3 2024: $12.7BQ4 2024: $13.9BQ1 2025: $15.1BQ2 2025: $14.6BQ3 2025: $15.2BQ4 2025: $13.5BQ1 2026: $17.2BQ2 2026: $20.3BQ3 2026: $18.7B
Q4 2023: $11.3BQ1 2024: $14.2BQ2 2024: $12.7BQ3 2024: $12.7BQ4 2024: $13.9BQ1 2025: $15.1BQ2 2025: $14.6BQ3 2025: $15.2BQ4 2025: $13.5BQ1 2026: $17.2BQ2 2026: $20.3BQ3 2026: $18.7B
QuarterRevenueYoY
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.

IONQ Quarterly Revenue

Q4 2023: $6MQ1 2024: $8MQ2 2024: $11MQ3 2024: $12MQ4 2024: $12MQ1 2025: $8MQ2 2025: $21MQ3 2025: $40MQ4 2025: $62MQ1 2026: $65MQ2 2026: $80MQ3 2026: $174M
Q4 2023: $6MQ1 2024: $8MQ2 2024: $11MQ3 2024: $12MQ4 2024: $12MQ1 2025: $8MQ2 2025: $21MQ3 2025: $40MQ4 2025: $62MQ1 2026: $65MQ2 2026: $80MQ3 2026: $174M
QuarterRevenueYoY
Q3 2026$173.8M+336%
Q2 2026$80.1M+287%
Q1 2026$64.7M+755%
Q4 2025$61.9M+429%
Q3 2025$39.9M+222%
Q2 2025$20.7M+82%
Q1 2025$7.6M-0.2%
Q4 2024$11.7M+92%

IONQ has the edge over GS on sales, with stronger typical year-over-year growth.

GS Free Cash Flow

Q4 2023: โˆ’$28.9BQ1 2024: โˆ’$28.5BQ2 2024: $5.6BQ3 2024: โˆ’$38.5BQ4 2024: $46.2BQ1 2025: โˆ’$37.7BQ2 2025: $5.2BQ3 2025: $2.1BQ4 2025: โˆ’$16.8BQ1 2026: โˆ’$32.4BQ2 2026: $5.6BQ3 2026: $3.7B
Q4 2023: โˆ’$28.9BQ1 2024: โˆ’$28.5BQ2 2024: $5.6BQ3 2024: โˆ’$38.5BQ4 2024: $46.2BQ1 2025: โˆ’$37.7BQ2 2025: $5.2BQ3 2025: $2.1BQ4 2025: โˆ’$16.8BQ1 2026: โˆ’$32.4BQ2 2026: $5.6BQ3 2026: $3.7B
QuarterFree cash flowYoY
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 has the edge over IONQ on cash flow, with more consistent year-over-year improvement.

IONQ Free Cash Flow

Q4 2023: โˆ’$34MQ1 2024: โˆ’$24MQ2 2024: โˆ’$34MQ3 2024: โˆ’$23MQ4 2024: โˆ’$43MQ1 2025: โˆ’$35MQ2 2025: โˆ’$54MQ3 2025: โˆ’$127MQ4 2025: โˆ’$83MQ1 2026: โˆ’$159MQ2 2026: โˆ’$114MQ3 2026: โˆ’$332M
Q4 2023: โˆ’$34MQ1 2024: โˆ’$24MQ2 2024: โˆ’$34MQ3 2024: โˆ’$23MQ4 2024: โˆ’$43MQ1 2025: โˆ’$35MQ2 2025: โˆ’$54MQ3 2025: โˆ’$127MQ4 2025: โˆ’$83MQ1 2026: โˆ’$159MQ2 2026: โˆ’$114MQ3 2026: โˆ’$332M
QuarterFree cash flowYoY
Q3 2026-$331.9M-$204.7M
Q2 2026-$114M-$60.2M
Q1 2026-$159.4M-$124.1M
Q4 2025-$83.3M-$40.3M
Q3 2025-$127.2M-$104.2M
Q2 2025-$53.8M-$19.7M
Q1 2025-$35.3M-$11.7M
Q4 2024-$43M-$9.2M

IONQ has burned cash in almost every quarter: โˆ’$689M over the past year, against โˆ’$259M the year before.

GS Total Shares

Q4 2023: 346MQ1 2024: 340MQ2 2024: 336MQ3 2024: 331MQ4 2024: 334MQ1 2025: 325MQ2 2025: 318MQ3 2025: 315MQ4 2025: 318MQ1 2026: 308MQ2 2026: 305MQ3 2026: 301M
Q4 2023: 346MQ1 2024: 340MQ2 2024: 336MQ3 2024: 331MQ4 2024: 334MQ1 2025: 325MQ2 2025: 318MQ3 2025: 315MQ4 2025: 318MQ1 2026: 308MQ2 2026: 305MQ3 2026: 301M
PeriodChange %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 IONQ on shareholder dilution, with a more favorable share count trend.

IONQ Total Shares

Q4 2023: 203MQ1 2024: 208MQ2 2024: 212MQ3 2024: 214MQ4 2024: 213MQ1 2025: 229MQ2 2025: 251MQ3 2025: 295MQ1 2026: 371MQ2 2026: 368MQ3 2026: 401M
Q4 2023: 203MQ1 2024: 208MQ2 2024: 212MQ3 2024: 214MQ4 2024: 213MQ1 2025: 229MQ2 2025: 251MQ3 2025: 295MQ1 2026: 371MQ2 2026: 368MQ3 2026: 401M
PeriodChange %Net change
Quarterly+9%+33.2M shares
1 year+60%+150M shares
3 years+99%+199M shares
5 years+108%+208M shares

IONQ has 401M diluted shares, up 60% from a year ago.

GS Net Leverage

Q4 2023: -9.6xQ1 2024: -6.8xQ2 2024: -6.5xQ3 2024: -3.5xQ4 2024: -4.7xQ1 2025: -3.9xQ2 2025: -3.1xQ3 2025: -3.5xQ4 2025: -6.4xQ1 2026: -6.7xQ2 2026: -6.1xQ3 2026: -5.4x
Q4 2023: -9.6xQ1 2024: -6.8xQ2 2024: -6.5xQ3 2024: -3.5xQ4 2024: -4.7xQ1 2025: -3.9xQ2 2025: -3.1xQ3 2025: -3.5xQ4 2025: -6.4xQ1 2026: -6.7xQ2 2026: -6.1xQ3 2026: -5.4x
QuarterNet LeverageStatus
Q3 2026-5.4xNet Cash
Q2 2026-6.1xNet Cash
Q1 2026-6.7xNet Cash
Q4 2025-6.4xNet Cash
Q3 2025-3.5xNet Cash
Q2 2025-3.1xNet Cash
Q1 2025-3.9xNet Cash
Q4 2024-4.7xNet Cash

GS has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like GS.

IONQ Net Leverage

GS Weekly Momentum

MetricValueStatus
RSI44.5Neutral
Stochastic16.3Oversold

GS's weekly RSI is 45 (neutral) and its Stochastic is 16 (oversold).

IONQ Weekly Momentum

MetricValueStatus
RSI40.7Neutral
Stochastic22.3Neutral

IONQ's weekly RSI is 41 (neutral) and its Stochastic is 22 (neutral).

GS PE vs Financial Services Sector

MetricGSSector medianRelative
PE13x13x0.8% above
PE %466317 pts below

GS has the edge over IONQ on valuation relative to its sector.

IONQ PE vs Technology Sector

MetricIONQSector medianRelative
PE33x28x18% above

IONQ is trading at 33x earnings, a 18% premium to the Technology sector's median of 28x, though its earnings don't support one.

GS Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$895.52% above
20 week MA$977.46.5% below
50 week MA$945.43.4% below
100 week MA$804.514% above
200 week MA$602.752% above

GS has the edge over IONQ on trend strength, trading above more of its moving averages.

IONQ Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$35.713% below
20 week MA$38.620% below
50 week MA$42.427% below
100 week MA$42.227% below
200 week MA$26.815% above

IONQ has fallen below most of its moving averages, though it's still 15% above its 200-week average.

GS Yearly ROI

YearStart priceEnd priceROI
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 IONQ on returns for 2026, with the stronger performance.

IONQ Yearly ROI

YearStart priceEnd priceROI
2021$11.0$17.9+62%
2022$17.9$3.30-82%
2023$3.30$12.4+275%
2024$12.4$45.5+267%
2025$45.5$46.0+1.1%
2026 YTD$46.0$30.9-33%

IONQ's yearly returns have swung widely, from +275% in 2023 to โˆ’82% in 2022. It's down 33% so far in 2026.

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