GS
The Goldman Sachs Group, Inc.
GS has the edge over JXN overall, supported by stronger valuation and lower modeled downside.
JXN
Jackson Financial Inc.
JXN 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.
JXN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
JXN's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like JXN.
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 JXN in the historical PE scenario, which offers more potential upside but is not a forecast.
JXN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 1x | $12.52 | -91% |
| Fair | 4x | $48.54 | -65% |
| Forward | 4.4x | $139 | — |
| Current | 11x | $139 | — |
| Expensive | 65x | $792 | +471% |
Historical ranges are pointers, not guarantees.
JXN's PE is in its expensive range at 11x. If earnings grow as analysts expect, today's price would be 4.4x next year's earnings, in its fair 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.
JXN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
JXN 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 JXN on earnings, with more consistent year-over-year improvement.
JXN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $31.37 | +156% |
| Q3 2026 | $12.27 | +63% |
| Q2 2026 | $0.82 | +257% |
| Q1 2026 | -$6.00 | -555% |
| Q4 2025 | -$0.24 | -102% |
| Q3 2025 | $7.52 | +$19.21 |
| Q2 2025 | $0.23 | -99% |
| Q1 2025 | $1.32 | -97% |
| Q4 2024 | $11.74 | +9.1% |
JXN's earnings per share have fallen from their peak: $12.27 over the past year, against $78.10 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 has the edge over JXN on sales, with more consistent year-over-year improvement.
| 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.
JXN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +8.9% |
| Q1 2026 | $2.9B | -23% |
| Q4 2025 | $2B | +784% |
| Q3 2025 | $1.4B | -33% |
| Q4 2024 | $225M | -75% |
| Q3 2024 | $2.1B | -19% |
| Q2 2024 | $1.2B | +204% |
| Q3 2023 | $2.6B | -35% |
JXN's revenue is recovering but still below its 2022 peak: $1.5B last quarter, up 8.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 54% | +4.3 points |
| Q2 2026 | -309% | N/A |
| Q1 2026 | 75% | -7.3 points |
| Q4 2025 | 64% | +284 points |
| Q3 2025 | 50% | -15 points |
| Q1 2025 | 82% | N/A |
| Q4 2024 | -220% | -243 points |
| Q3 2024 | 65% | -11 points |
JXN 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.
JXN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +3.4% |
| Q2 2026 | $1.8B | +58% |
| Q1 2026 | $1B | -34% |
| Q4 2025 | $1.6B | +6.3% |
| Q3 2025 | $1.4B | +0.4% |
| Q2 2025 | $1.2B | -21% |
| Q1 2025 | $1.6B | +12% |
| Q4 2024 | $1.5B | -6.7% |
JXN 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 JXN 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.
JXN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.6% | -1.8M shares |
| 1 year | -2.6% | -1.8M shares |
| 3 years | -17% | -14.4M shares |
| 5 years | -28% | -26M shares |
| Available history | -28% | -26M shares |
JXN has 68M diluted shares, down 2.6% from a year ago, with $839M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $233M |
| Q2 2026 | $227M |
| Q1 2026 | $227M |
| Q4 2025 | $152M |
| Q3 2025 | $157M |
| Q2 2025 | $158M |
| Q1 2025 | $202M |
| Q4 2024 | $99M |
JXN spent $839M buying back its own shares over the past year, up 36% 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 more cash than debt. Net leverage isn't a meaningful measure for financial services companies like GS.
JXN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2023 | 0.4x | Very low |
| Q4 2022 | 0.0x | Very low |
| Q3 2022 | -0.2x | Net Cash |
| Q2 2022 | -0.2x | Net Cash |
JXN's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like JXN.
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).
JXN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.3 | Neutral |
| Stochastic | 53.7 | Neutral |
JXN's weekly RSI is 63 (neutral) and its Stochastic is 54 (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.
JXN PE vs Financial Services Sector
| Metric | JXN | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 13% below |
| PE % | 70 | 65 | 5 pts above |
JXN 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.
JXN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $132.6 | 4.6% above |
| 20 week MA | $129.5 | 7.1% above |
| 50 week MA | $117.3 | 18% above |
| 100 week MA | $103.3 | 34% above |
| 200 week MA | $80.4 | 72% above |
JXN 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.
JXN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $28.8 | $39.9 | +39% |
| 2022 | $39.9 | $35.0 | -12% |
| 2023 | $35.0 | $51.2 | +46% |
| 2024 | $51.2 | $88.0 | +72% |
| 2025 | $88.0 | $108.2 | +23% |
| 2026 YTD | $108.2 | $138.6 | +28% |
JXN has the edge over GS on returns for 2026, with the stronger performance.