GS
The Goldman Sachs Group, Inc.
GS has a slight edge over MGR overall, supported by stronger modeled upside.
MGR
Affiliated Managers Group, Inc.
MGR has lower modeled downside risk, despite its lower 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.
MGR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
MGR's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MGR.
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.
MGR PE Valuation
MGR has no meaningful PE right now: it lost money over the past year.
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.
MGR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for MGR, with profitability improving.
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 MGR on earnings, with more consistent year-over-year improvement.
MGR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $28.30 | +68% |
| Q2 2026 | $28.53 | +108% |
| Q1 2026 | $24.38 | +85% |
| Q4 2025 | $22.74 | +50% |
| Q3 2025 | $16.82 | +9.2% |
| Q2 2025 | $13.73 | -20% |
| Q1 2025 | $13.19 | -27% |
| Q4 2024 | $15.13 | -13% |
MGR earned $28.30 per share over the past year, up 68% 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 has the edge over MGR 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.
MGR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $595.2M | +13% |
| Q2 2026 | $640.7M | +30% |
| Q1 2026 | $544.9M | +9.7% |
| Q4 2025 | $556.6M | +6.2% |
| Q3 2025 | $528M | +2.2% |
| Q2 2025 | $493.2M | -1.4% |
| Q1 2025 | $496.6M | -0.7% |
| Q4 2024 | $524.3M | +4.3% |
MGR's revenue has grown year over year for five quarters in a row: $595M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 54% | -14 points |
| Q2 2026 | 48% | +13 points |
| Q1 2026 | 35% | +9.9 points |
| Q4 2025 | 94% | +42 points |
| Q3 2025 | 69% | +27 points |
| Q2 2025 | 35% | -0.9 points |
| Q1 2025 | 25% | -25 points |
| Q4 2024 | 52% | -2.3 points |
MGR 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.
MGR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $360.1M | +31% |
| Q2 2026 | $239M | +4.2% |
| Q1 2026 | $295.5M | +43% |
| Q4 2025 | $254.5M | +20% |
| Q3 2025 | $275.9M | +4.3% |
| Q2 2025 | $229.4M | -6.2% |
| Q1 2025 | $207.3M | -0.4% |
| Q4 2024 | $211.4M | -15% |
MGR 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 301M diluted shares, down 4.4% from a year ago, with $15B in buybacks over the past year.
| 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.
MGR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3% | -800K shares |
| 1 year | -21% | -6.8M shares |
| 3 years | -38% | -16M shares |
| 5 years | -43% | -19.3M shares |
| Available history | -48% | -24.5M shares |
MGR has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $402.6M |
| Q2 2026 | $179.7M |
| Q1 2026 | $185.1M |
| Q4 2025 | $353.1M |
| Q3 2025 | $75.7M |
| Q2 2025 | $101.3M |
| Q1 2025 | $176.2M |
| Q4 2024 | $120.3M |
MGR spent $1.1B buying back its own shares over the past year, up 137% 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.
MGR Net Leverage
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).
MGR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 25.3 | Oversold |
| Stochastic | 10.8 | Oversold |
MGR's weekly RSI is 25 (oversold) and its Stochastic is 11 (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.
MGR PE vs Financial Services Sector
MGR has no meaningful PE right now: it lost money over the past year.
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 MGR on trend strength, trading above more of its moving averages.
MGR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.8 | 4.4% below |
| 20 week MA | $19.5 | 7.8% below |
| 50 week MA | $20.2 | 11% below |
| 100 week MA | $20.9 | 14% below |
| 200 week MA | $21.9 | 18% below |
MGR is in a downtrend: it's below all five of its weekly moving averages, and 18% below 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 the edge over MGR on returns for 2026, with the stronger performance.
MGR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $27.3 | $28.0 | +2.7% |
| 2021 | $28.0 | $27.2 | -2.9% |
| 2022 | $27.2 | $22.6 | -17% |
| 2023 | $22.6 | $22.5 | -0.2% |
| 2024 | $22.5 | $21.8 | -3.4% |
| 2025 | $21.8 | $21.5 | -1.3% |
| 2026 YTD | $21.5 | $17.9 | -16% |
MGR has finished five years in a row lower, and it's down 16% so far in 2026.