GS
The Goldman Sachs Group, Inc.
GS's outlook is improving, though it still trails on the overall score.
ISTR
Investar Holding Corporation
ISTR has a slight edge over GS overall, supported by stronger modeled upside and stronger fundamentals.
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.
ISTR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
ISTR's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like ISTR.
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 ISTR in the historical PE scenario, which offers more potential upside but is not a forecast.
ISTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.7x | $17.54 | -38% |
| Forward | 9.1x | $28.15 | — |
| Current | 11x | $28.15 | — |
| Fair | 12x | $30.37 | +7.9% |
| Expensive | 14x | $37.39 | +33% |
Historical ranges are pointers, not guarantees.
ISTR's PE is in its fair range at 11x. If earnings grow as analysts expect, today's price would be 9.1x next year's earnings, in its cheap range.
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.
ISTR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
ISTR 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 ISTR on earnings, with stronger typical year-over-year growth.
ISTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.09 | +18% |
| Q3 2026 | $2.62 | +17% |
| Q2 2026 | $2.42 | +8% |
| Q1 2026 | $2.27 | +3.7% |
| Q4 2025 | $2.13 | +4.4% |
| Q3 2025 | $2.24 | +25% |
| Q2 2025 | $2.24 | +46% |
| Q1 2025 | $2.19 | +22% |
| Q4 2024 | $2.04 | +21% |
ISTR's earnings per share have fallen from their peak: $2.62 over the past year, against $3.50 in late 2022.
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.
ISTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $36.8M | +53% |
| Q2 2026 | $36.5M | +65% |
| Q1 2026 | $35.6M | +49% |
| Q4 2025 | $23.5M | +0.9% |
| Q3 2025 | $24M | +7.4% |
| Q2 2025 | $22.1M | +8.7% |
| Q1 2025 | $24M | +12% |
| Q4 2024 | $23.3M | +18% |
ISTR's revenue has grown year over year for nine quarters in a row: $37M last quarter, up 53% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 39% | +7.5 points |
| Q2 2026 | 32% | +7.2 points |
| Q1 2026 | 42% | +9.6 points |
| Q4 2025 | 31% | -0.3 points |
| Q3 2025 | 31% | +3.6 points |
| Q2 2025 | 25% | +0.5 points |
| Q1 2025 | 32% | +3.7 points |
| Q4 2024 | 31% | +9.3 points |
ISTR has the edge over GS on profitability, with a higher operating margin.
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.
ISTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $11.1M | +60% |
| Q2 2026 | $6.4M | +103% |
| Q1 2026 | $9.9M | +122% |
| Q4 2025 | $3.6M | +$3.9M |
| Q3 2025 | $6.9M | +25% |
| Q2 2025 | $3.2M | +12% |
| Q1 2025 | $4.5M | -43% |
| Q4 2024 | -$291K | -198% |
ISTR 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 ISTR 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.
ISTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +182K shares |
| 1 year | +58% | +5.8M shares |
| 3 years | +59% | +5.8M shares |
| 5 years | +49% | +5.2M shares |
| Available history | +57% | +5.7M shares |
ISTR has 16M diluted shares, up 58% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $747,000 |
| Q2 2026 | $763,000 |
| Q1 2026 | $1.5M |
| Q4 2025 | $689,000 |
| Q3 2025 | $321,000 |
| Q2 2025 | $634,000 |
| Q1 2025 | $649,000 |
| Q4 2024 | — |
ISTR spent $4M buying back its own shares over the past year, up 134% 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 ISTR on leverage, with a lower net debt burden relative to earnings.
ISTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.2x | Elevated |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 3.0x | Moderate |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 2.0x | Healthy |
| Q1 2025 | 1.7x | Healthy |
| Q4 2024 | -0.6x | Net Cash |
ISTR's net debt is about 3.2 years of its operating earnings (EBITDA), up from 1.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like ISTR.
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).
ISTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.5 | Neutral |
| Stochastic | 14.8 | Oversold |
ISTR's weekly RSI is 44 (neutral) and its Stochastic is 15 (oversold).
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.
ISTR PE vs Financial Services Sector
| Metric | ISTR | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 18% below |
| PE % | 43 | 63 | 20 pts below |
ISTR 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 has the edge over ISTR on trend strength, trading above more of its moving averages.
ISTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.5 | 1.2% below |
| 20 week MA | $29.5 | 4.7% below |
| 50 week MA | $28.7 | 1.8% below |
| 100 week MA | $24.7 | 14% above |
| 200 week MA | $20.2 | 39% above |
ISTR has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 39% above its 200-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.
ISTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $24.1 | $16.6 | -31% |
| 2021 | $16.6 | $17.8 | +6.8% |
| 2022 | $17.8 | $21.6 | +21% |
| 2023 | $21.6 | $14.9 | -31% |
| 2024 | $14.9 | $22.0 | +47% |
| 2025 | $22.0 | $27.3 | +24% |
| 2026 YTD | $27.3 | $28.2 | +3.2% |
ISTR has the edge over GS on returns for 2026, with the stronger performance.